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The CB group are not the only companies in junior small caps that have suffered the same share price adjustment and subsequent lack of progression in advancing projects to any significance over the past few years now, it’s basically ‘all’ of them, with there also being very minimal M&A activity to speak of.

We all chose willingly to invest in this sector and through this economic 5hit storm, so let’s be fair on that.

If you believe in the copper story then you cannot argue the positioning that the CB group has now across the whole portfolio. A correction will come when the market turns bullish again, it’s a matter if when.

Hi daz there’s a comprehensive historical and forward roadmap submitted by Zorros on GGPChat as a sticky thread here

https://www.ggpchat.co.uk/viewtopic.php?t=564

Not to take anything away from the good updates today, comparing the WF progress of the GLR license update yesterday and XTR. It is quite evident XTR have had more success in identifying anomalies to drill immediately the rainy season ends. GLR still have some work to do to follow up with when rainy season ends before drill targets can then be identified on theirs.

Just puts the XTR programme ahead by a nose to lead the charge for the Group.

AFP I don’t follow.

Hi Lucky I’m just surmising to be clear, but my strongest pointer from RNS would be just from these 2,

From updated RC MRE.

· The Measured Group report also concluded that, as the mineralisation increases in grade and width down plunge, the area north and down plunge of the currently defined mineralisation is a clear exploration target and represents an opportunity to significantly increase tonnage

Final results ‘24

We have commissioned a phase 2 pre concentration test programme, aimed at specific techniques to further assess the benefits and contribution of pre-concentration prior to main plant treatment. This work is currently in progress and the test work results will be released during the third quarter 2024 and if considered appropriate further financial and technical optimisation will be carried out.

( further drilling to increase the resource to improve economic viability I would consider to be a technical optimisation. )

There is also the untouched anomoly to the west of Ascot that I’m hoping they put some drills into to confirm if a 3rd confirmed porphyry is there. They did this already with Footrot to that end but those results were inconclusive. So stands to reason they would want to scout it to see what is actually there.

While or if BR can be pushed further up the value curve, they will be doing just that. It’s in shareholders interests to do so as long as any funding is not in any way highly dilutive.

Best, Guy

I think it would be reasonable to assume that phase 1 of their earn in commitments on both SK and WF of USD2.5m will be comfortably covered from treasury. Over following period further commitments of USD4m for the phase 2 buy in may well easily be met too, dependant on results to carry it forward and MMP decision to build the sulphide plant triggering the further USD3m payment which is likely.

This WF licenses preliminary round just announced, referred to as phase 1 now going into a phase 2 drilling round is all part of the phase 1 buy in as per the JV terms to see a resource outlined so as not to confuse the two .

The plan appears to be to fast track an income from SK maybe to cover its own phase 2 commitments or to assist funding elsewhere along with a potential income from low grade dump material op recently acquired.

Am hopefull as any that will see no dilution with the exception of BR for a 3rd drill campaign, but with the rhetoric from cb that will not be for another couple of years whilst spend us kept to a minimal with ongoing study work.

Cannot see dilution happening before then at least to advance Kakuyu as it is now more an exploration play and don’t see it as a priority in the short term.

At last some updates. Silverking has been one of the better acquisitions to bring back into development and mining due to the historic mining there. Plenty of confidence shown in RNS to start planning toward that end now and that,

“drilling is also expected to generate sufficient spatial data to allow for a high-level estimate of the potential cumulative tonnage of mineralisation.”

If it can be fast tracked, it will open up many options to proceed further toward cash generation.

WF licenses couldn’t have asked for more from the scout drilling and other technical and study work to justify the decision to go to phase 2 and confirming they remain highly prospective with FQM looking over their shoulder.

Does sound like there has been a lot of activity, maybe now we can begin to see more regular updates to keep the market interested.

I’m assuming it’s Monty (filtered it no soon as it arrived) think it followed me here, it’s not a very nice person, very abusive don’t engage with it just filter.

Yep there’s always the chance of a duster or 2 in exploration certainly from drill results as AMRQ don’t tend to hold back any from a programme, they are really transparent in that respect. But to turn even that on its head, if they are drilling to understand strike length or dip of an ore body for example, they will be pushing outward to delineate so by hitting weak or or unmineralised rock is usually really important for understanding a deposit or resource modelling to close it off. So can be a positive thing and/or a necessary evil.

Best,Guy

Thanks for sharing Bubsy, good to see AMRQ spreading through directly now to more mainstream channels such as BBC.

Glad you could join us Monty, regardless of what you might think, just take a bit of time to look into AMRQ, is a real quality company. One of the highest grade gold mines in the World, historically mined with known geological trends and low AISC due to the ore quality. Brand new indoor processing plant up and running to operate in all seasons. Gravity circuit currently with flotation to follow by year end. By now to mid year will be huge revenues ramping up to over USD100m by end ‘25 from 300 tons processed daily expected to see 50,000 recovered ounces of gold annually. But don’t listen to me start with the presentations etc. and just see what scope there is further afield with the other AMRQ assets and services.

Hey Bamps, please consider doing your own blog. Would be fantastic reference where all your findings , thoughts and evaluation from your particular field of expertise, would all be in one place you could update regularly.

Think of the wider market once the exposure of Greatland will increase with the ASX listing. The Oz listing will create their own seperate chat boards with a blog being a really good tool to be able to share your knowledge of the guts of combining Telfer and Havieron across multi platforms, and could effectively act as a bridge to draw other knowledgeable Oz investors this way too.

Now would be the perfect time to start one, the Oz are a mining nation so would be very well received there as much as it would here, if that I am certain.

Best, Guy

Montyfino

RE: Closing Price

5 Feb 2022 22:09

You are in a nearly identical position to me. 55 april. 30p here i hit the lta. Problem is they reassess at internals so you could go over when you hit 65 or 70 if your still investing enen if your not over now.

You are full of 5hit mate. The moron here for forgetting what bull5hit you previously posted. You must have inherited your million or won it on the lottery because you certainly didn’t gain from investing, looking at your poor investment pics.

Yet another investor that blames everyone but himself. At 58 years old apparently, very immature behaviour you are exhibiting, you are a disgrace.

So Monty is 90% down with a 28k paper loss and yet boasted of needing 35p per share to be a millionaire! Doesn’t take a fool to work out they are a liar.

There are investors that are sitting on genuine big losses. What does that make you? Show some respect.

Hi JCEP the updated MRE4 will see inclusion of the previous two years resource drilling, but what is really intriguing is the commenting again, around the existing resource having grades that were under reported by the third party mining consultancy that classified it. With James Gilbertson now commenting, after Eddie Wyvill had previously explained in an earlier podcast how gold vein hosted resources are difficult to get classified. It has clearly been a bone of contention, so there is certainly a positive indicator there of seeing further resource uplift. How much altogether is difficult to know.

Indications have given them the confidence there is a few million ounces of gold just in Nalunaq as Eddie Wyvill had previously also said.

AMRQ clearly intend to fast track plant optimisation, push costs down with plans to maximise free cash flow with their approach.

Best,Guy

Hi Monty this is Andrew4444 here, enough now mate, have logged in to just one of my many alternate accounts. I created the whole Howezap account as my alter ego so the Guy character is a figment of my own imagination and doesn’t really exist. So how on earth could he be Alistair, unless that would make me Alistair 🤔😉

Hope that hasn’t confused you anymore than you appear to be already.

Luv Andrew xxxx

Was that meant as a joke monty?

* increased to 4% from 1.5% not in addition to that is.

im saying the dtm could easily be argued it is still in play as the development toward that final option is still ongoing. ( in defence of any half ****ed civil preceedings.)

the relatively cheap get out that colin was reported to have said by ‘jamesiecakes’ who attended that particular agm would highly likely be in addition to aa’s nsr royalty of 1.5%, that they receive if the project was eventually mined by other parties.

the pit optimisation assessment that was undertaken back in nov ‘23 utilised certain assumptions:

one of which was a 4% royalty specified in there as an ex-mine value. this may very well be of relevance in respect to exiting the agreement.

If you do watch the short clip Andrew posted, just before the time stamp we have all been asked to focus on, so from around 1min 38, he clearly states “if we start reporting good grades and good values” before he then goes on to suggest world class asset with that particular reference just being based on the signatures of the anomalies and what they had learned from earlier drilling when roughly delineating the racecourse orebody. His comments could be construed as just being speculative.

We have since been told at AGM that there is a relatively cheap exit from the Anglo option agreement effectively making it moot now.

Nether the less the DtMine is still effectively in play regardless of what has been said, it could be easily argued.

As for the 10p throw away comment good luck with offering that to a court if that’s all else you have which Btw could still be the case after the optimisation phase has concluded and a decision made to justify taking the project onto pre feasibility.

For balance you do understand as the doom crew are way out of control now.

Really encouraging exploration results that affirms MRE4 upgrade will see considerable uplift toward the viability of mine extensions.

There’s a lot to take in!

But initial take is they are getting more confident of bringing more into the mine plan through increased understanding of their approach to exploration and mine development.

Initial under reporting of grades could have a significant impact on the resource.

“we remain confident in our ability to define additional high-grade zones and optimise our production strategy.”- JG.

Referring to increasing throughput rate no doubt