Member Info for fulmar29

LSE quite often have strange/adjustment prices about 4.40pm and then it corrects.But all that sodding about with price today and it ends up ! Mr mm knows why,don't you you little terror !

What's $200m between friends.As I said my guesstimate is just that, and I will always be conservative like someone else we know, to allow for further options etc.

The NDAs were signed with the JVs before we did the Aeromag and soil sampling.So there was probably some interest in Kalaba alone .Their interest may have switched geographically since then .Sentinel was sold cheaply ($260) after reasonable drilling, and Kalaba has twice the equivalent grades so after fully drilling Kalaba and possibly only half the tonnage I was expecting a minimum of $250 which with 66% which equated roughly to 20p sp. Obviously $500m which was taking into account a full sale of all sites was 40p (my minimum expectatio/guestimate). Wishful but more than possible. With the new finds (possibly 10xKalaba ++) and upgrading of others, the waters are slightly muddied because we now have roughly about 50% overall.So extremely roughly we would need to sell for about $1.5b to achieve £1.As I say just my rough calcs.The real question is ,Would a major pay $1.5b for a world class copper/cobalt deposit-the answer is it has already been done. GLA

J99 I believe the production figure from SSP,(when we have produced some cash) would double the present Mcap i.e add 25m to exising 25m ,what will probably detract from that is that as soon as we have the cash it will be allocated for exploration,

Have a look at the coloured gradings of the new finds as well as some of the other upgraded sites and it appears not only are the overall sites much bigger than Kalaba, but the expectation (aeromag and initial soil samps) is that they hold higher/better grades,so we are not just multiplying the geography,we are multiplying the grades !!! The checkerboard effect put on Cheyeza is interesting ppm seems high.Once we have a ME or JORC we then have a benchmark to multiply by area and grades.The rounded buys today are nice,but we won't see institutions for a while and when they do start buying it will be fun!! .GLA

As I mentioned last week China,I think We/NvS got lucky with the 2 new finds and upgrading of the others.We would have been OK (i.e. multiples Mcap eventually) with the previously known assets,but the new finds and increase of the other sites is beginning to make this look spooky !

Earlier today the Indaba pres was showing on the Media news page and it has now replaced Nov 18 as the latest presentation ."A movable feast"

@Sta--you may be right,but that Nov 18 presentation is being updated as we go along and i have seen several updates on it.

The Bad news is that Anglo chart was crap and we have spent money drilling an area that doesn't even figure on the new top ten list.The good news is that Kalaba will more than pay for itself in terms of the Mineral Estimate and SSP production,and then the really good news is we have established two new mega areas and increased others that were initially graded as smaller than Kalaba.So the good news is there's no really bad news and the Exclusivity agreement on Sturec (well seen China) is looking promising and means that a benchmark price has been agreed and due diligence is close or under way.GLA

Zamsort License Details: Large-Scale Exploration License 19906-HQ-LEL (399.80 km2 )

Zaco License Details: Large-Scale Exploration License 23004-HQ-LEL (381.92 km2) and Large-Scale Exploration License 23005-HQ-LEL (82.78 km2)

Interests: 100% so the 82.78km2 is still under license to Zamsort--Mmmmmmmm

So Poor is a misrepresentation :-)

https://t.co/l0rUhNajWC

by the way 2018 but i'd not seen it before

https://www.youtube.com/watch?v=9VQyjlWUufc

appointed new CEO NvS,who re branded the company Ortac as Arc Minerals, which was probably due to Zamsort sitting in the Lufilian Arc(copperbelt) geological structure,which he must have been pretty sure was going to be our main asset.I don't think he expected the two latest discoveries,but that is often how it works "the harder I work,the luckier I get"

Absolutely no problem Poor,that's the nice thing about a friendly forum,(like this is most of the time).If we miss something (as we all do) someone fills in the blanks.As this progresses as it will,I think we will see more posters with their own agendas and trying to influence others, but at the moment,most here we seem to be on the same "hymn sheet"Cheers! F29

@Poorman The "alleged" offer was last year and coincidentally whilst FQ were being sued by Zam govt. Tea cup and storm comes to mind but it does give a nominal value to 20% of Sentinel albeit with no costs of mine set up being born by Zam.

What we should get and what we will get are completely different .NvS is quite good at managing newsflow but there is so much due it's stacking up As you say Tra Kalaba JORC and CSD update,but we are also waiting on full Aeromag with soil sampling grades,then Drill results.Casa and Sturec news,JV info--Not a lot going on really !!!!!!!!!!

whether the $100m is correct/factual,it could have meant $10m or it could have meant $100m in the whole Zamsort project including new drilling costs .But what is indisputable from the article is the volume of 60,000t by 2021 .Gearing up to that volume would multiply the mcap by a minimum of 4x,and possibly 8 depending on profitability.It may just have been someone ramping to tell the govt and press what they wanted to hear .But the nice thing is,given the assets it is more than easily possible.GLA

J99-totally agree -interesting times .@Westie,but the Frogs would love to spoil our year,now we have done the hard work.Its a bit like AIM ,take nothing for granted GLA