Member Info for FunkySausage

The deal is expected by the end of Feb latest

An update on everything is due in December

Thats my understanding

GLR has 2 open pits ready to mine.

It seems JLP need copper which GLR have and GLR need someone to dig it up n process it, both companies are close together regarding directors.

So both need each other and both are on good terms, seems a winner winner fir both parties involved imo.

Things seem to be moving forward, regardless of all the moaning n groaning, personally I think Colin getting us 23% of a processing asset is genius, not many in this game is as well connected as Colin

Thanks everyone

According to the institution, copper is projected to average $11,313 per ton in 2026 – approximately 11% more than previously anticipated. For 2027, the bank forecasts $13,501 per ton (up 12.5%) and considers a peak value of $15,000 per ton or $6.80 per pound

Perfect timing

How far is our new mine from Luansobe

JL, CRISP, DATA WRT, let's revisit the lunasobe data that we have and try n see what we can get from this, I'm at around 20mil a yr, id like to see others thoughts

I did read also the costs so far for the mine will be rolled into a loan that will be paid back with profits, my understanding is that once the costs have been paid then we will all benefit from the profits, I'm not sure if this will include extra costs associated with extra infrastructure for the build/ramp up or not, still early days.

Nice to read some thoughts on this deal rather than the grumbling, more to come soon I expect )

Im expecting a lowball deal with JLP ( as it seems its mates rates) but we will be mining, they dig it up we both get 50-50 at the gate for the rock, then we process it and get 25% of that profit as well seems a reasonable deal to me, we save on buying the infrastructure amd benefit from tbe processing, after all we would of mistaken likely only have got half the gate price anyway. Just my opinion.

Happy with the rns so far, but I'm not expecting a fireworks sale, but I think mid - long term that would / will be a better deal for us, anyway let's see how this pans out, as it stands we got a fantastic deal, and some say Colins been doing nothing 😀

Think of it more like this , max 12 weeks left )

thanks for all the support, unfortunately for my mrs she has ms something with her legs and 5 slipped discs in her neck n back, she will need back n neck surgery with a 50% chance of becoming immobile, and then the ms which is progressive, yea i need a pay day here to be able to turn the new home into something suitable for her long term, unfortunately she drew 3 short straws (

the economic outlook is at a crossroads atm. btc falling through the floor is a big warning sign imo, so a sale here of ka****su would be fantastic as well as a jv for luansobe.

for a sustained sp rise to hold we would need to produce imo, shouldn't be to hard if the processing is outsourced, just dig n ship the rock for lunasobe, this keeps the need for a mining processing plant of plan, which is the most costs involved.

let's keep luansobe amd get ka****su sold, both open pits should get us to 50mill min

🤞

Sounds like he is close to selling or JVing and it sounds like they incresed the offer, is that not adding value 🤔 and increasing potentially the SP by maybe 200% more than whatever it becomes 🤔

Well hopefully the daily torture won't be for much longer, I can read some are restless, personally I'm happy to wait out the timeline that has been RNSd, yes its affected me as I'm just buying a house and hold a good chunk of these, my buisness is suffering and so is my mrs health, so yea I could do with a great deal instead of a ok deal. I may not post like a headless chicken but I still login 100times a day lol

Had 2 buys yesterday, 1 didnt show m 1 showed a sell

id prefer to sell ka****su n keep luansobe to produce from, why sell the golden egg if you dont have too

Whats the deeps worth

62mill tons ( estimate ) @ 2.5 PT

Is the equivalent of 300mill tons at 0.5% pt

Now thats alot of potential and if its there and can be extracted then even a quid a ton is alot of money

No staggered deals, it never seems to work out very well, cash up front, its not like they dont have it. They want it they can pay up, if they walk they was never gonna pay that extra anyway

Copper only going north, the 3yr average would be a generous bargain price to the buyer.

Chinese only coming up from the bottom, slowly until it becomes tempting, classic style tried n tested.

Luansobe is our best asset

Stake

Mining.com/us-officially-adds-copper-silver-to-critical-minerals-list/

While a little way off atm, if there's enough copper there there's a good chance that the US government would take a 5% steak as this is jow policy for them

I thought prem had to use the Supplier that can max had put forward on condition that it gives rhem the money for the mine, the equipment was then deemed non functional hence causing all the issues, can max just sitting back salami slicing prem, death by a 1000 cuts

Can max

Dealing with the devil, didnt they help screw Prem ? My understanding is their waiting to scoop the lot up after messing prem around.

Can't be trusted imo, if they want luansobe then pay it all at once n leave us the deeps

They would probably still mine part of it out on the cheeky side, penalties should be included in the deal