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Bit of a joke, the volume is tiny!
So they hope to process 8,000 ton of copper per year, over 8 years. This equals 64,000 ton production over that time span.
For a company with a £10 million Market cap, that's quite an achievement.
The spot price for copper per ton is $9,500
As previously posted, the demand for copper over the next ten years is forecasted to rocket.
GLA
@zombi
The RNS states 16 - 20,000oz Au for the pyrite - gold dump.
From what I understand pyrite gold dumps don't hold the full amount of gold Ounce for Ounce.
I believe, the extraction rate for gold in pyrite is only about 25% (Although others with more knowledge will be able to confirm this)
Therefore the gold expectation rate on 20,000 oz of pyrite would only be 5,000 oz gold.
So £7.5 million of gold could potentially be recovered, if course its valued at full market rate, which of course is debatable and unlikely.
The above would be best case scenario from the RNS.
Our Market cap is currently £9million, so clearly undervalued in just the RNS released today.
Below article from Market Cap - Shows the demand for copper, which by the sounds of it we will have plenty.
Good News for Investors: Our Green Future Requires Massive Amounts of Copper
Everyone is talking about lithium – from Elon Musk to the guy in the diner.
For all of this lithium talk, massive amounts of COPPER needed to build an electric car.
Just one EV engine requires 10 TIMES more copper compared to a traditional, gas-powered car.
And with the soaring demand for EVs, copper demand is also expected to explode.
Add the soaring demand for EVs to the escalating need for copper in electric grid upgrades and wind & solar requirements, and it's easy to see why copper is expected to explode.
However, without new supplies of copper, the green revolution may be in trouble. The push is on to find fresh copper resources.
And that's good news for investors.
Dropping news frequently now.
Any thoughts on this mornings RNS?
Another great RNS,
Although we really need to break this trading range and start seeing the value of these discoveries added to the SP.
Figures ** :-)
@Zombi,
With so much going on, I don't think it is possible to know the exact quantity of resources at this given time. A lot of it is still under review and in progress.
It could always be worth sending them an email, the company in the past has always responded to my emails, in detail with comprehensive answers.
The current market cap is reducliously cheep for the fingers that they have released, with much more to come IMO.
@zombi
Listen to the podcast, which was posted yesterday.
From what I understand, lots going on and further results await.
15.42 paid - on the up again! Higher than normal volume
Thanks for posting
SP looks to be consistently strong past few sessions?
Seller has finished?
Rumour Mill (Although trades look small) ?
Tonic and mixers masters results 2022?
Hopefully this the an upward trend back to new highs.
Anyone know when year end results are due? Can't be long?
SP should be 20p+
It seems that everytime we get good news the SP spikes and then drops back. Stuck in a range between 12p and 15p
That said, the company are on track and have an exciting year ahead. I have exchanged a few emails with the company and can confirm other projects are also being looked at to maximise share holders potential.
Also, Martyn Churchouse has confirmed his own view, that CMRS are way undervalued in terms of current shareprice and he is optimistic about future growth.
GLA
@crabby....
They don't need to RNS it, the last RNS makes it blindingly obvious.
EUA - · Eurasia has no bank accounts with Russian state-owned banks.
· The Company also has no relationship with any Russian state-owned banks.
!!!!!
As a small holder here, investing a insignificant sum as a punt, it is very insightful to read this BB.
Insightful, not from an investment perspective, but how humanity treats each other.
It is shamefull that people are gloating and cheering at the prospect of war and mocking financial losses.
Humanity has reached an all time low.
The jealousy, spite, hatred and vindictive actions are quite astonishing.
It seems that putin is no different from the majority of people on this board, the only difference being he can unleash his cruelty onto the world, unlike the cowards hiding behind keyboard trying to ascert the same sort of misery on a smaller scale.
The SP will bounce back, the value in the ground remains the same. The strategy remains the same.
The buyers are likely from Russia, China or Japan.
Best of luck all...
Ignore the hatred, karma is a beautiful thing.