George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
@ASI The company specialises in working in countries with fantastic potential for profit and with limited competition… just to give some context to your statement. So in Tajikistan vast has JV with government and HNW partnership for finance. In Romania the Chinese might find it difficult to operate even if they wanted to. There are no other private mining companies operating in Romania.
@ASI The company specialises in working in countries with fantastic potential for profit and with limited competition… just to give some context to your statement. So in Tajikistan vast has JV with government and HNW partnership for finance. In Romania the Chinese might find it difficult to operate even if they wanted to. There are no other private mining companies operating in Romania.
Super Mouse
You appear not to have bothered to read the whole disclaimer. The nominated advisor is working for the company and regulated by the FCA. The disclaimer is just for shareholders who want to blame the nominated advisor if their purchase does badly!
@pecten. I think that the grade has been poor on an ongoing basis. AP is talking about higher grades going forward, the JORC is 2.5% copper equivalent. The mine plan was approximately one million dollars profit per month at 7,500 copper price in 2019 broker note and this then dropped to 6,500 dollars with the XRT ore sorters and new mine plan which was then reviewed and delayed due to friable earth. Hopefully Aladdin’s cave is about to be opened guided by the drilling program.
I am very impressed by the Royalty deals in Tajikistan in these uncertain times. Even if there is no profit Vast still get 12.5% of revenue. This is a model that is rapidly scalable in Romania which has hundreds of closed mines, Tajikistan and Zimbabwe. They have pitched their pricing at a level where they are the junior partner and I think this will be very attractive to government in all three countries.
Do you think that negotiations may have restarted with Vast
I see BOD directors lined up to talk at London investment conference regarding Zim mining investment this month. Maybe directors are in a closed period!
6 million dollars at 10,000MT per month.
So approximately current ore 0.6% copper?
Hopefully mining the new areas in the last drill RNS will double the concentrate recovered per MT?