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It is down to getting the Bago deal signed: should be confirmed in the next couple of weeks.

Every little helps.

Presumably you will be happy when the Migori license is confirmed?

https://www.forbes.com/sites/timtreadgold/2019/09/02/nickel-surges-higher-as-a-supply-squeeze-looms-leaving-gold-even-further-behind/

Big day today. US back in action after the Labour Day weekend. More news on the way?

$18,622

https://twitter.com/AmberMining/status/1168614718002683904?s=19

https://www.proactiveinvestors.co.uk/upload/SponsorFile/File/1/gecr_rgm_18.06.12.pdf

Shouldn't you be over on RGM celebrating being up nearly 40%: surely a bit of a result for you?

Perhaps you can help me: you are obviously the font of all knowledge and know better than everyone else but why has the share price finished up nearly 40%? FYI the nickel price is currently $18,247, do you think that this might be relevant?

DYOR

FFS Labour Day in Canada, the market is closed.

Activity increasing at the Mambare JV in PNG with a significant GPR Program planned for 2019 pursuing the goal of a DSO operation and mining license

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RGM/13946350.html

https://www.proactiveinvestors.co.uk/upload/SponsorFile/File/1/gecr_rgm_18.06.12.pdf

to be a world class asset. The project is a tropical laterite deposit and forms the 20 kilometre long by 5-7 kilometre wide Mambare Plateau, which rises prominently from the surrounding land. Work by Regency had estimated that this plateau has the potential for 4.75 million tonnes of nickel and 200,000 tonnes of cobalt, but the large resource defined from 28 sq km of drilling that included only 2 sq km of the 80 sq km plateau means that this estimate could prove conservative. The JORC resource announcement may to be the catalyst towards this joint-venture seeking to fund independently, either by listing or by private fundraising

Who knows? The JORC report is very detailed but only covers a small part of the license area, about 3% and possibly not the best bit. There are two bits, the slopes and the plateau. The Plateau has not been sampled. It could be that they significantly improve the JORC resource with a bit of further work. They wouldn't necessarily have to do further drilling.

It doesn't matter too much how a deal is done as long as there is an offtake deal. The PNG Govt would prefer that processing was done locally but that is polluting and expensive. The terms are down to the negotiating process but whatever the terms of an offtake agreement might be, they are a lot better now then they would have been six months ago.

Note that RGM already has a JV and only owns 50% of the resource. If they brought in another partner, they would go below 50%.

Anyway things looking better here.

DYOR

The cost is not much, a few diggers, a processing area, a workers' camp, a bunch of trucks to shift it, a road to the port, a port handling area and port fees. The big item will be the road to the port.

So move this rig off on to the next well once deepening completed and use the A100 to complete this well?

Now $18,472.

Nickel price currently $17,850.

https://markets.businessinsider.com/commodities/nickel-price

You know I can't post that on here, smacked legs and all that sort of thing.

CW is very pleased with life at the moment which has not always been the case over the last 12 months. I wouldn't quite say he is like a dog with two appendages but he is getting towards that way. Things are slowly coming together for Attis; PQE sorting itself out, a few more services contracts and the oil price up around $60 and we will look very good.

DYOR

Maybe you would invest because it was a cheap way into a major nickel resource which can be cheaply and quickly exploited via a direct shipping operation?

Anyone who buys the company (the whole company that is) gets the 50% of Mambare plus the vanadium deal plus the carried forward losses plus some bits and pieces for maybe £2.5mil all in. The carried forward losses are worth more than £2.5mil so Mambare/Yukon are for free.

Obviously different for a PI risking his £2k but RGM would make a nice target for an industry player wanting nickel/vanadium exposure. Obviously you are going to respond with two things, Bell...… and your losses but they are not relevant and who cares? At $12k nickel Mambare is interesting and at $17k nickel it becomes seriously interesting.

DYOR

Doing well today. No doubt the trolls will be happy.