Member Info for GaiasKidney

Hi Pecten. You ask:

" 'new JORC confirmation lands giving a 15yr mine life' - where does this fantasy figure come from?"

RNS 13/11/20

FMU a total exploration target of 3.2 to 5.8mt of CuEq ore was estimated from historic drilling of the Antonio Skarn, the extension down dip and the North Skarn (some 200m to the North). That all done under the NAEN code.

Confirmation of this with some new drilling is desirable to bring this already defined resource to Western JORC standard.

Currently the LoM for BP is 3-4y. From the model steady state ore volume mined is envisaged at about 250kt/y. To get to a 15y LoM some 11 1/2 years would need to be added. The exploration estimate averages 4.5mt. If all were exploitable at 250kt/y that would add a potential 18y LoM. Half of that (more realistic IMO) would add 9 years to take the LoM to 12 1/2y.

Also ref 18/6/21 RNS.

ATB.

Quietly built a position OaP.......Added 55k today to tot 1.15m. No fuss.

Good luck holders.

October starts in just Eight days. October for publication of the production/sales figures for first six months of mechanised mining.

I expect a slow response - the market is sullen. If the figures are near to the model and that continiues I expect 30p for this on a twelve month view. Approx 2/3rds BP NPV.

DYOR.

I asee there is a lot of tosh being written here about what LCM does. This from their W site:

"...At this company, we take neodymium oxide and we first convert that into neodymium metal. Which we then alloy with other metals to make NdFeB alloys. We melt the materials together, we cast them in a particular way, and we make alloys of particular compositions...."

https://www.lesscommonmetals.com/node/327

So that will be separated Nd2O3, purified from mixed rare earth oxide. Something that presently is not done at any rare earth mine I know of, something that only one separation facility in the West that I am aware of presently does. There are also a few in China.

To my knowledge LCM gets all their Nd2O3 from China. To my knowledge they purchase less than ten tonnes per year.

The number of other Western sources of purified N2Os is to change however.

Took sis seconds to appear on ADVFN.

Good thing i wanted some more!!

After all it is now very near the last call for this flight. IMO.

GLHs

Time stamp 10-09-46

OK just to test this i'll buy 55k

Is that buys or a matched bargain?

Ah Sandy have you fallen for Prelea's careful - 'getout' - wording?

Two seperate sentences (around two min in on Prospective):

1/ "We're in the final terms of publishing later on this month [August]"

Followed with:

2/ "We'll discose that to the market"

Re 1/ 'Publishing' I presume by the three parties involved to the relevent authorities. Re 2/ 'Disclosing' I assume to the wider world - but with no date guidense in that sentence as to when they do that.

It's done and dusted............. what ever the bill was.

ATB.

Two trading announcments to come for this co in October.

There will be the usual Company Final Results covering trade for the year ending 30th April 2021. Last year's RNS for the previous year ending 30th April 2020 came out on 29 October 2020. However any potential investors should not let them selves be confused with a different (and expected to be far more interesting) trading statment which is also due out this October covering the first six months (April to Sept 2021) of production under the Mechanised Plan from the Baita Plai Polymetallic Mine. 10th Oct RNS:

" BAITA PLAI OPERATIONAL UPDATE

General .........The Company will provide a production report in October 2021 as previously announced. "

https://uk.advfn.com/stock-market/london/vast-resources-VAST/share-news/Vast-Resources-plc-Placing-And-Subscription-To-Rai/85792500

Some numbers have already been disclosed regarding sales value of copper concentrate during these early months of the production ramp up from a zero volume in March '21. Stated as $700k to $800k in value for copper concentrate for July this year. Proactive interview:

https://www.youtube.com/watch?v=6tTftNVSar4

That can be compared to the modeling in the Mechanised plan from March '21, p12 to 14

https://www.vastplc.com/wp-content/uploads/2021/03/vast-baita-plai-new-mine-plan-final-version-300321.pdf

and it can be easily seen that the production they are already getting to is close to that envisaged in the plan's early ramp up figures.

The plan has this mine shedding bottom line cashflow of approx $20m/y from two years ahead. We will soon see how they are doing for this first period.

PDYOR.

Copper is the place to be John - up again this AM.

With Cornish I reduced by ~1/2 @14ish. I think the consolidation that has now set in has a bit further to go. Presently the market is in a bit of a stubborn sulk with commod juniors aisi. It's notable that discovery results that nine months back would have sent a share soring in most cases don't move the needle now.

CM's UD is prospectivly very promising and SC has astonishing potential if bought back to production with tin as it is, but large dewatering funding is required. JV? I will wait there.

Here is a different beast as it is producing and earning with high holding copper prices. I'm fully loaded now so will also wait.

ATB.

Copper is the place to be John - up again this AM.

With Cornish I reduced by ~1/2 @14ish. I think the consolidation that has now set in has a bit further to go. Presently the market is in a bit of a stubborn sulk with commod juniors aisi. It's notable that discovery results that nine months back would have sent a share soring in most cases don't move the needle now.

CM's UD is prospectivly very promising and SC has astonishing potential if bought back to production with tin as it is, but large dewatering funding is required. JV? I will wait there.

Here is a different beast as it is producing and earning with high holding copper prices. I'm fully loaded now so will also wait.

ATB.

Article:

https://www.kitco.com/commentaries/2021-09-08/Silver-seen-tracking-copper-prices-higher.html

BP ore Jorc:
Cu = 1.11%, Ag = 66.87g/t, Au = 0.45g/t giving Cu equiv of 2.58%.

The copper concentrate now being sold has these Ag and Au credits. Monthly production volume is rapidly increasing.

In that you cannot grasp that FEED is THE final prerequisit that financiers demand and then examine to then decide on lending and not a BFS/DFS to me is just as laughable as you not comprehending why Rainbow's present model/situation has made them a sell for some time now and so why I sold out from 20p down to a last disposal at 13 1/2. . Looks like the SP there is still on the way down as more finally understand that they will not be able to raise the money to get to production. They will have to JV, sell the SA asset (the other is now worthless paper) or sell them selves ..... probably for a song.

Pensana - a far, far more professionally run Pensana - obviously will now succeed with obtaining full finance and also retain full 100% ownership. I know what rational investors will prefer.

Also at

https://www.youtube.com/watch?v=8aWTFhtFeCI

Very informative.

Rebuilt my position here now since this blew out a few months back. I expect this financing to go pretty smoothly as the work to raise it is mostly already complete it seems (FEED). I would guess around $100-150m equity raise and that this will be simultanious with the bond issue.

Ballpark $3 to 4bn valuation here in some 3 to 5 years looks pretty certain if they fulfil their plan and NdPr prices hold near where they are.

Good luck holders.

What's wonderful about Ghaghoo is that it ticks so many boxes (for some) when one wants to voice all the uncertainties and risks that you will always have with AIM shares. Adventurism in forgeon parts, huge possible rewards, huge possible costs. Propper Kings Soloman's Mines life and death stuff! No? It'll be a few years down the line to detirmine that one.

What is known in any near term is that nothing there happens as regards any outlay until end Q4 or later and nothing will happen atall if a bank cannot be found to pony up an 80% guarantee of the price going to the vendor. So that guarantor will also have to do their own due dily.

However coincidentaly what will have a very high level of certainty is that there will by end '21 have been a lot of water gone under - and a lot of ore gone over - a certain rail bridge at BP, then on to processing and then concentrate selling.

Production volume and sales figures next month will be a milestone step on the risk reduction path this co is now set on. $700k to $800k has already been flagged for the one month July concentrate sales.

GLHs

And a bit of a rise for Vast.

Please Mr do we have a turn around yet? ;-)

That's cashflow wiyh in a spit of $20 million per year by the way.

Over this next year the resource at BP is to be expanded to Jorc standard to take the life of mine to an expected around 15 years or above.

Correction. With a late reported trade today buys outstripped sells by EIGHT to one.

The late reported buy the largest of the day. This imbalance pertained for most of last week and the week before. So who are the buyers and why so little selling?

I'll leave those facts for others to ponder but point out that July sales - that's revenue - from BP were stated as circa $750k and that with the Mechanised Plan they are rising by the month. Looking at that figure for revenue and metal prices shows they must be producing pretty closly to the plan so far.

Over the next year that plan has an average increase in revenue each month of around $150k. It also shows cashflow rapidly moving positive (confirmed as happening this August month in the same disclosure) and that it is predicted to increase each month by some $100k. Leveling out at around $1.65m per month two years out from now.

Interview:

https://www.youtube.com/watch?v=6tTftNVSar4

Plan:

https://www.vastplc.com/wp-content/uploads/2021/03/vast-baita-plai-new-mine-plan-final-version-300321.pdf

Buys outstripped sells six to one today.