Member Info for itsaduster

Take it tones7777 !! on the chin !!

Its just another point of view ........ but I do think its a valide point of view.

........ must be truly gissed owf but it looks like a case of over confidence against a hungry fast mover.

Looking at Tiburns map (thx dude top post) me thinks some deals will be required to sort that lot out and Artemis are either the fly in ointment or they will flap around and posse for years to come whilst everyone else gets on with it,

That said I think they are actually aggressive and switched on so they have a good hand and may play it well.

Right on !! It's all due to dilution. 1.1BILLIONShares now. You are right all the added value. coming thru now is getting distributed to chums ..... even in Thailand ........ I mean what are THEY doing ??????? Sticks in my crawl !!!!!
I whole ethos here is jam tomorrow. The chums don't have to wait for sp increase ...... They just get more shares and options.
Holding my nose. The option policy and share hand out shtinks

Held on then. That's good application of breaks then to fight the long long down trend

prob good you didn't take advantage of the phone con

Great to hear Gervaise putting Haveiron and Black hills as top top priority. He obviously reads my posts here. He has also caught on to the fact that Black Hills is also a very very cheep expo proposition with oriferous ore body breaking surface as it does.

Only mentioned EG when asked specifically abaa it yeah !!

Keep loging in here gervaise I will see you right M8 and keep U on the right track

Excellent and very professional.

All continues at a high level of expertise. ........

I like !!

No reference to CB ,..... I like !!

It does seem tidy.

Jonah ....... good point on Pt plant at DCM ....... that's gonna be a question soon. Its been a while since the decision to build which in itself took an age.

LC seems to be running quite a Kindergarten for Metallurgists. S we wait announcement for next project ??? Co in Zambia. Zanbians looking organized these days so long as we don't get a Blue haze emanating from North London.

We can all lift stuff or even read stuff of the Cupric webb site. Where is your understanding or contribution ??
I don't think you understand my posts at all ........ If you wish I can save you the irritation of seeing them. !!
Just let me know. It is clearly not a deramp. Silly person !!

When deals are being made they know all this ...... so they need to know value is attainable first ..... so I await T20 and T23 (high Zn values at surface)

Ah we have another clue !!

Some reading the info put out by MTR will recall the layer of '' Calcrete '' which covers the surface.

This is Ca rich !! Where is it likely to have come from ??
Calcium is an element which is often rich in the issues from the lower regions of cratons. (ditto diamonds ..... dam it !! slipped up again ....... mustn't say that !! ) There are NO I said NO diamonds here in this part of Botswana.

So is this calcrete the residue left from the erosion of the rocks produced by the gigantic regional mineral emplacements of Cratonic origin. Its high in Zn so .............

We must just hope there is some left for us ie enough tonnage of high enough grade in physical form to make it economical.

So I have painted a picture of an ancient high pressure high temp geological emplacement on a regional scale and possibly linked to cratonic activity (for me !!)

If we assume that a vast mineral emplacement took place in various forms ie stockwork and sedimentary controlled deposition to name but two we have so far come across then we can think that this would have occurred at various depths ........ some very deep and some not so deep and this activity might have caused a juvenile landscape to be formed.

Then over tens of millions of years erosion occurred to produce the ancient flat eroded landscape we have now. Yip you got it ........ how much of the emplaced Cu and other mineralization has been eroded away. How much remains. What remain will likely be what was deeper.

Often promising deposits are found only for investigation to show the bulk of the deposit has been eroded away and the expo team are left only with the roots of the original ore emplacement. that's a swizz.

So wrt our patch ...... did we have giant ore bodies which have over tens of millions of years been eroded away so leaving us only with the feeder roots. Or did our mineralization have deposits at various depth such that maybe some have eroded away but there is still plenty to be found at depth

We shall see.!!

As Michael has already hinted or obliquely suggested he has his approach tailored to confirming the Cu we suspect was introduced is actually still there in quantities and economic form.

I have in previous posts positioned our discovery of '' Sedimentary characterized '' Cu together with our Geophys tech survey as adding significant value to our expo areas by potentially reducing expo costs; and the newly drilled stockwork characterized Cu as again adding to the potential of the expo licences with the potential to add additional credits to any ''finds''.

Those familiar with the Kalahari know it to be a relatively flat area or in other parlance exhibiting some characteristics of an ancient landscape. A geologist will be familiar with our position on the north area of an ancient cratonic mass origionally part of the ancient gondwana land mass.

Further an interesting feature is the strong regional lineation by which I mean the folding and the concealed outcrop expression has a rough SSW to NNE occurrence. Whilst I am not familiar with the detailed geology of this particular area; it may be thought that our mineral emplacement might be associated with Cratonic activity along the interface of the two cratonic masses. The newly described stockwork and heavy presence of Ca rich minerals is supportive of this direction of thought.

So is our regional mineralization from the high temp and pressure regions somewhere near the cratonic base. It seems so to me so far. For me this supports the idea that initially the emplacement was utterly huge and vast. We have evidence from the East of the continent right across Botswana and into SW African.

TBC

I get your grip and certainly if you use numbers which are forward looking then it seems a swizz.

But are they appropriate Thats really a personal point of view. Except if you use forward looking numbers in considering MTR value then you will need to use forward thinking numbers when translating what the deal gives us,
ie when your NPV and free cash flow numbers are a reality what will the MOD sp be ?? Further all those zero priced options can be swopped in and out within 3 years so what will the sp be when we exercise this right. Then again we will get value accretion to our present 6% holding.

So personally I believe the value we can eventually expect to identify as received for our 30% of T3 will be well north of £100M. The point being for me is to compare apples to apples and not apples with oranges.

I have made a point in my post previous that the market wont allocate value on anticipation. So from sp behaviour today it seems to me the market sees the transaction as entirely neutral and so FAIR as of todays statuesque qwo. Come Oct Nov who knows.

If I may say so good posting from you ''Thx'' You winkled out some good comments from the BB and you maintained a suitable decorum and dignity ......... unlike some with arrogant attitudes.

......... the market thinks nothing has changed. Its just '' fanakaolo ka lo izolo '' !!

So we give all our rights to the T3 (project) in return for a bigger slice of MOD now, some cash later and some product when produced.

I think the market sees the share issue now nicely balances the asset we relinquish in T3. We all know the potential value of our new jv ownership assets but hey the market puts almost zero value on those. So too with our '' cash later '' assets we get with this deal ....... Mr market for now is putting zero value on them.

In time the options we hope should pay handsomely and the royalty at £2m should provide for sustained bottom line income. But Mr Market wont give credit for anything other than money in the bank above the value he already has deemed us to be worth.

So the bigger slice of MOD and the share options and the royalty on product will only carry value to us if product is produced and free cash flow is reliably and sustainably established.

Those are market rules in 2018.

I think the deal is tot neutral and as such FAIR. If the future pans out as we all hope for our JV and if MOD get T3 into well managed production (sale or self operated) then it will pay us massively over many years with NO capital raising risks for MTR ......... now that's good ....... mates rates !!

T3 Underground anyone ??

Speed of development of T3 project is in line with our Chairman's previous performance. That's excellent. !!

I await A4 ??

Lots of little people selling owf

Hope you are right. It will then be a tidy well defined gold province which will be bite size for a major. But Grade ............. ewwww

Yes drill the Ni though ........ I like that ......... again nice well defined project very compact

Good to see the BOD taking my advice. Black Hills top priority

My posting from a couple of weeks back high lighted the accessable nature of the Black Hills gold. Quick gold from scooping up the surface alluvials which will pay to get a very inexpensive quick drill followed by mining op going chasing the conglomerate down from surface outcrops. Mining from outcrop is what they did on the Rand in the 1880 ........ how exciting is that !! ............ Cheep cheep and now now. !!

I am available at one weeks notice.

Haveiron looks good too but lots of work (big drilling costs) involved with need to work up an ore reserve with big mine prospects there. So that will be a while yet.

OK I concede Fire Hills ''might'' be interesting sometime

EG ...... !! Gimme a bweyk. Pure ego trip by Geologist. Dump it and move the drilling crews. Slight adjustment ot the drill contracts but that's OK. We can do EG in the future .......say anytime after 2050.

My pleasure !!

Here we are all waiting for news to break from Turkey (Siv), Auz (Acc) and Auz (Vanadium).

But today an exorset slams in bang on target with a whole trail of ancilliary stuff trailing behind. A rare day. WOW !!

So on the go now we have :-

1) Vanadium prospect in Eastern Aus with an entrepreneurial miner looking to take an inside track and access the smart tech to steal a march on the establishment. (OK my interpretation but IMHO true DYOR)

2) Resurrection of a legacy project in Turkey with Deep South. Notable influence included in this connection is Teck Resources a Mining Giant and numerous other influential Institutions also involved with Mining and DS has a tinny free float to boot. DS have already Publically stated their intentions wrt AXM processes.

3) Accudo should be close to resolve. They will also be aware of the developing interest in AXM products which should encourage a deal to secure Aus rights.

4) News arrives on Li work moving to verification and validation by well connected and influential Consultants. They again bring influence and connections thru leadership and EU funding involving numerous associations with metal extraction research groups.

5) Did I miss anything ??

So excuse me if I point out the whole complexion on AXM has changed ............ since the AGM .......... ummmmm since I attended the AGM and had a word with the BOD.

Seriously folks ....... What a pleasure !!

Hope the direction of travel keeps up and thanks to Trill and jarem for classy research.

I should take ICL's predictions of untold wealth seriously. ???

I shall go back and re read all his posts to see just how stinking disgusting rich you lot will be ....... Just a new Jag for me then. Better than a Skoda cos I bought a few more.AXM.