Member Info for ID78

One last thing. I did not appreciate they were still drilling the hill. He said they are exploring in 2 areas, Vim Rutha is one, I think the hill was the second?

This maybe explains why we have not had an updated MRE on the hill (I thought they finished drilling the hill in the summer!… I was beginning to think they hadn’t found much in the last batch of samples which were the east and west extremities of the hill resource and that is why there was no updated MRE)

Long winded way of saying if they kept drilling the hill then there’s even more gold in that there hill :)

You are, of course, correct Apro. The other issue is not all the gold comes from HL so it’s just a number that is not correct. I just wouldn’t be surprised if the Rian (is that how you spell his name) conservatism factor is about 10% overall - on these various factors.

And yes, the study was to reflect the worst case scenario so lenders would have a comfortable feeling GCAT wouldn’t go bust.

How things have changed in the last few months, I had the odd sleepless night worry about the life of mine, the MRE sorted that out, then worries about funding. … it really is a different proposal now and hopefully Robbie can start to attract some institutional investment….

@sw10000 - yea, that was really good. Asked the questions we wanted answered. Umm… almost like he’d been on this BB!

Just thinking IF we assume 10% conservatism on grade, same on gold price and same on recovery (albeit that was heap leach only)

1.1x1.1x1.1x$118 = $156mill … just a thought :)

Next news, I think is Tanzania MRE. Maybe then a Kilimepesa hill MRE update - and I think as / when they hit good grades on VR we will be told.

Can’t see much RNS wise on the mine expansion- but I’d look out for pretty pictures of a rock crusher and the elution plant.

Good interview, and the part I really liked was how funding usually takes 12-18 months for companies this size. Robbie’s enthusiasm/excitement was going for 3 months so we need to bear that in mind when he comes up with timescales - however they achieved funding in (relatively speaking) no time at all. Part I think due to the team and how everything they do is at double quick time, part I think a reflection of how good an opportunity it was for our lenders.

The other thing I took was how robust, or i would say conservative, the finances are. Knocks financial risks out the park.

Just need that final step to full production, and it’s coming….

Good luck all

Well that link didn’t work!! Oh well

Weird- I read that RNS is n VOX markets, nothing reported in LSE??!

BASE RESOURCES LIMITED - Acquisition of shares by Director #BSE https://www.**********.co.uk/rns/announcement/b1521db9-b34c-4862-bc1e-be4b0d68c6a4 #********** undefined

Troajan - I know, and appreciated just sharing my thoughts.

I need a bit more than charts (not confident as a Chartist!) I need a story that investors (literally buy into). I was more explaining how I think than anything :)

WSBN - was tempted to trade, people expect the next GGP and so far it’s just not. Yes other raw materials found but it’s no new GGP and that’s why I’m unsure it’ll rebound… so I’m out…

Happened on HE1 and here yesterday.

School mums buying in.

(joke on that made me laugh yesterday hope someone appreciates it)

Yeah so BHL and CTL report the lithium numbers differently (ppm or mg/L).

Still none the wiser

I’ve not looked at CTL - but for comparison znwd (see page 19)

https://wp-zinnwald-lithium-2020.s3.eu-west-2.amazonaws.com/media/2022/09/PEA-for-the-revised-Zinnwald-Lithium-Project-6th-September-2022.pdf

There’s also BHL

https://www.lse.co.uk/rns/BHL/wikieup-scout-drilling-results-g5faqc8662d6ud1.html

Can’t say I know if Li grades are good, Li is new to me too…

I’d be wary of hanging onto all your shares come target depth. I’ve not decided what to do if I’m being honest but safe to say I will have sold my initial investment by TD and only profit is left.

OR sold the lot and moved on…. It’s about making money on each trade and preserving capital

Kevinround - you could be right about he1.

I can’t see 5p happening again BUT if it does I will be all in ..

Wait and see what happens..

@Troajan… let me know if you see any nice bottoms at TXP or PXC. I know you love a good bottom :)

GCAT, HE1 and TXP, funny you should mention them Trek

GCAT - hold
HE1 - re bought and will sell before results, looking to buy TXP (hoping it’s still around placement price).

TXP and GCAT are just good solid investments.

PXC - still to look at this one properly.

If happy with 10% … cleantech lithium (CTL) scoping study will come out in the 1st week Jan. could do 10%. Could do more….

I’m happier holding my HE1 and waiting :)

The school mums will start buying again at 3pm (dia, that did make me laugh!!)

That’s why this board is good. A contrarian view is useful for me to stop and think.

You are correct in what you say, a bit more transparency would be appreciated - Aprogerson has been shouting about this regarding the production numbers for sometime.

For me the big picture remains massively undervalued and great potential. The last question is if they can hit 2000oz. Time will tell.

Good to see you are happy to hold (for now).

Not for gossip lol

EST- Q1 2023 lab results from drilling 2022
FAR - feasibility study Q4 2024 (could slip, was meant to be Q3)
Gcat - Kilimepesa full production end H1 2023. Vim Rutha resource estimate (MRE) Q3.
Orr ?

Thanks RPdard - VR … MRE that was it.

Must still have a lot more drilling to do if it’s Q3!! Then again the strike length is almost 5km - it’s big!