Member Info for GrizzledMiner

Nice vote of confidence this morning, presumably prompted by the strong PFS. Unlike the folks in Brussels, govt of Saxony are the ones who are actually going to be doing the permitting approval.

Agree. Will be watching the Solar-Bau story with interest. Presumably decent cost savings if they can move the project to solar power.

It's not an increase in the overall resource, but moving a biggish chunk of the 'indicated' into 'measured'. So increasing the margin of certainty. Which is good news. The bit that struck me was: "The Project now has sufficient material in Measured category alone to support over 20 years of production. This is a major milestone as it further de-risks the resource and adds a higher level of confidence in the detailed mine plan, which is key to future financing plans."

Good question. Did they come back to you on that?

Not that I'm complaining (nice to see my holdings comfortably in the black) but would be very interested to know who's been piling in over the past few weeks. What do they know that I don't?

I'm a long term bull on ZNWD but deeply sceptical that they're going to deliver the BFS on schedule. If nothing else, the new MRE is going to mean a lot of parameters get changed. For the better, but that's got to take time.

Good news, and pretty much what I was hoping for. So, while the pump 'n dump goes on, some longer-term thoughts:

Good to see them using Snowdens = globally recognised, conservative source, new MRE significantly more credible than the original (plus a lot more data density from the drill programme obviously ).

Confirmed ability to use bulk mining approach = good news. Very interested to see what the cost impact will be. And very keen to see what the impact is going to be on the flow sheet (tailings obvs likely to go up.)

Easier to understand why the MRE was late given "required a reinterpretation and an updated geological model in order to represent the geological and mineralogical domains that have been defined by the most recent drilling campaign" i.e. resource is different from original assumption, now looking at a different type of mining.

IC today: £75.8m of cash on hand + further £108.6m in trust = almost 74 per cent of market value. Sizeable gap in balance of payments, but " from an acquirer’s perspective: even if the trust cash is netted against payables, then 52p of every share (currently priced at £1.47) is still backed by cash. Analysts expect this buffer to grow to around 60p by the year-end."

Interesting to see David Stevenson plugging this among his "Left-field investment ideas for 2024" today.

I'd be a bit surprised to see BFS in H1, TBH, just given the nature of these things. But more optimistic on MRE in Q1. Hoping to see confirmation that the resource on the German side is more significant. If so, and if they're going to be able to shift to a bulk mining model, I'm also keen to see what the impact will be on the flow sheet.

Agree good entry point. I'm sitting on losses ATM but just treating it as an option and taking a long view.

Thanks for that. I've been sitting on my YCA since Russia rolled into Ukraine. Nice to think that this rally might have quite a bit further to run, but would still feel a bit queasy being an investor coming in at these levels.

Slightly nervous about occupancy rates, but underlying earnings encouraging, and debt levels sensible. A bit sorry I didn't have the courage of my convictions last October but, given rates seem to have peaked, still worth a small punt IMO.

This is going to be day trader heaven until they announce the rescue.

Bit of a flurry of activity today. Linked to UK Investor article about the top 5 lithium prospects on AIM?

Liberum v. positive on European Metals and Zinnwald now on the radar. Both sitting on the same large ore body. Very interested to see results of ZNWD drill program and BFS...

Yes, just plodding towards the bankable, I guess. Will be interesting to see the final upshot of the big drill workstream, though.

ZNWD decision to produce potassium sulphate at scale as co-product looking like a smart decision given European agriculture heavily dependent on Russia and Belarus for current SOP supply.

Piece on Ukraine/food security in the FT today: https://www.ft.com/content/638d6913-fec9-490f-90b0-5e6d3269d093