Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I just want the main focus now to be on Luansobe, get that up n running smoothly and then really smash out the drilling on all fronts, a huge re-rate from the mining income and nice bounces from the drill campaigns, super charge drilling luansobe so it's fully prepped for sale
Your right moneyman, not a long wait on share terms and hopefully we will be up n running luansobe, the key to opening the portfolio π
Your right Cr1sp, yea I think the kalahari will go to sandfire , maybe 253 will be drilled and then whoever wants cobre will take it, either drilled out by us or by them, either way it will take care of itself, besides we won't have the money to mine it so yea a jv or disable at some point, I did like the comments for 29 n 30 that they continue on from sold licences, sounds good to me )
There's a 15-20mt target at shinganda " the cheese wedge " strip ratio 1-1 π will start drilling in the next couple of months.
So 3 targets Luansobe, Kimtavia and Shinganda ( or however they're all spelt ) all 3 offer the chance at open pit without the need to raise capital for processing, this is great, crushers aren't expensive and the machinery can be leased, the rock is shipped and then sold to the processor, GLR is lining this all up very nicely.
Sandfire just hoovering us up over there, has to be some sort of payout coming when they eventually finish drilling, sounds like a stretch though, as he said not the priority but will add value first, Sandfire will take em all anyway.
No news on Ferber
Westernforland, I'm thinking when CB courted Cooper Lemon they asked how he would pay for the drilling, hence their comment about Luansobe , he sounded confident on that one, we will see, as Cr1sp rightly said, it's a long way off
A nice little update, I'm still gonna listen to that one atheist another time, can't remember the bulawayo bit still
Get luansobe running n then the lithium will be close behind with roughly the same game plan, love that )))
The deeps could make luansobe a 200mill plus adventure)))) 16p -20p baby I can wait for that, and it's a free ride
What a update, I just didn't have time to take it all in, I will definitely have to re-listen to it again, lots of info in there, if sandfire want 2 outer licenses continuing on from 2 sold that's gotta be good, nice overall update, I hope Data and Ana get their teeth into this 1 ) reading it goes in so much easier
Mining it should still give us a 40-50 mill valuation, a nice sustained sp, everyone is entitled to their opinion
I couldn't imagine we would spend more than 10mill a Yr on drilling m8
Once luansobe is fully drilled there's a good chance if the deeps are good then we could get the 200mill plus for it, happy days )
Mining lunasobe makes sense, we will have a sustained increase in sp and we will have full control on developing the extension and the deeps, then this asset would be ready to be sold, in the mean time the income would allow us to develop the rest of the portfolio, we have the deeps to drill that won't be cheap and also the western foreland, both need chunks to drill out due to the depth, a nice income would increase the sp and it would stay there, sell iluansobe and there's no guarantee that the sp would reflect what we sell it for, imo it makes huge sense to keep luansobe until its fully ready and drilled, this would give us the maximum sp increase that we all desire and keeps the company safe from raises, all this getting a special dividend is dreaming, we need the money to the deep stuff
Some people will never be happy wcud
I hope we mine luansobe for a couple of yrs, prove up the extension and the deeps and then flog the lot, get the full pay on it and we have 2 yrs of copper deficit for the Prices to get their teeth into, their could be the motherlode there, sell the Zimbabwe assets but mine luansobe for a bit, sp would rerste and hold also, then the added bounces on the addition tonnage ( grade permitting ) fully explored and producing would command top $
I'm sure the whole board can't wait for your something meaningful π
4 other targets there as well, happy days
Butler
Maybe read back ikys posts, it's all there
The luansobe licence is held up due to the fact the country switched from paper to online applications
https://www.mmmd.gov.zm/?p=2654
Probably the last time this will be under a penny
Great news, thanks for posting Data
This is what most of us have been waiting for, no doubt the sellers will be buying again Monday morning, we'll done to all the top up pros ) ( u know who u are ) not long to wait now and we have the extra cash coming in just at the right time, Dandfire sitting as a wild card ATM also, love this company
Ferbers neighbour has found gold, all good