Member Info for fulmar29

Times and circumstances change caddy,years ago diesel was the savior of the world's transport problems,and 8 track was the way forward-

after yesterday's rise there were always going to be a few traders selling and the MMs will take advantage, as I believe there is a buyer in the background,so they have a guaranteed profit,if they can get enough shares at cheap prices. We have several pieces of news that will strengthen the sp,create momentum and move us forwards .Ch E MRE and poss processing,
Muswema sulphide drill assay and weirdly enough when the Zambian govt.eventually swallows it's pride and sees it got it's sums wrong on taxation,it will be a green light for investment into their country.Guess who is the number 1 prospect ?

no large seller again !

OK-got it

https://www.youtube.com/watch?v=mqkN05_IZeE

Love it ! "you will need a telescope to see the Copper price"

https://youtu.be/mqkN05_IZeE Friedland yesterday

Tiny,why not give someone a chance to answer before coming to your own conclusions.You may be right but I would be interested in finding out first ! Min ??

Remy mentioned 40km to Sentinel( processing) 3 or more times yesterday so it seems to be a toss up for me now,whether we either improve the Kalaba plant, or transport ChE oxides to Sentinel (huge spare processing capacity). Either way it's cash.

"we are not going to be big miners" for me = we are going to be a small one (maybe) and I liked the "no smoke without fire",saying that we are looking for the majour sulphide deposit indicated by all the oxides.Lets all hope so,anyway

it was my take on what he said during his presentation at Indaba ,which was posted earlier

ian -wrong-you can trade 500 times (for e.g.) a day within the ISA as long as you dont take any cash out it is still within the tax free wrapper.

https://www.mining.com/ivanhoes-giant-kamoa-kakula-copper-project-in-drc-keeps-getting-bigger/ literally just accross the border.their claims border ours.

and BTW no large seller today-

This is a part summary
Without knowing costs for plant makes decent forecasts hard.
However we know plant needs 1% to be economical so if to play safe you use 1% ore as the cost and anything higher as profit it’s possible to run some figures.

Processing 10k tonne ore per month at 1.5% grade, but only using the 0.5% as profit gives you 50tonnes say $250k per month profit.

If at 2% grade you can double that.

Then if later they improve the plant to 30k tonne per month a further 200% gain. Possible to model $1.5m profit per month.

Obviously still more tests and question on reliability to run well enough to process 10k per month, but numbers show it has potential to be quite handy ??

oNCo it's on twitter and was also posted here-if I find it I will post it-it is not insignificant sums.

10 to 20 mt of contained Cu as per Remy's presentation will do me fine-also he nearly let slip re Plant plans ????

https://youtu.be/cmt7mlKZMX0 -4.40 he came 2nd from 64

UT @2.66 soon the seller will be gone,as we are being primed for both sell and buy orders IMO

Suggests to me that Ch E will be used for production @plant while we explore other areas.Numbers previously mentioned by knowledgeable posters on here and elsewhere indicate nett profits p.a. could be well in excess of current Mcap. Other interesting info on it as well i.e "Massive Sulphide deposit" and more.