Member Info for Jeremiah99

At least we now have SN (and by extension the US govt, as presumably SN was behind the latest $80k lobbying fee) earnestly fighting our corner.

elir71 - appreciate your realistic valuation potential of Amitsoq graphite. Since we are also moving towards a drilling campaign for TBS, care to have a stab at a similar valuation and s/p effect for that asset too? I think we currently stand at 1.9mts contained ilmenite at around $250/tonne, a quantity which ought to rise nicely when the sub-permafrost and undersea areas are also scoped out.

Yes, this is why I say we have a good quality but pretty modestly sized graphite deposit (so far) Over in Mozambique the Syrah owned Balama mine has - "Proven and Probable: 114.5 million tonnes (Mt) at an average TGC grade of 16.6%, containing 18.9Mt of flake graphite" So, perhaps of a lower quality but still 100-200x more graphite than we currently have.

Please point any of the ignoramuses who don't know the difference between alluvial gold deposits and quartz vein gold to this interesting historical account. Nothing for days or even weeks then Bam! the pay zone eventually emerges to make it all worthwhile.

The graphite grades may be good but 500kts is still a pretty modest deposit. Let's hope a good drilling campaign can unearth a lot more potential by the end of Summer.

Those dissing the grades as being poor are showing their ignorance of the geology and the fact that most gold will be found in occasional high grade zones separated by large areas of low or gold free quartz. That said, I would have liked to see wider intervals of quartz averaging over 1 mtr wide.

A quick perusal of the Ukog BB and people's thoughts on SS's latest interview suggests that due to bureaucratic hurdles he has largely given up on UK oil and has moved on to try his luck elsewhere. Things here would have been mightily different had HH come good. Perhaps there is still hope for HH otherwise there's no good reason for Alba to retain the services of an oil consultant.

I'm also not optimistic that the tailings will contain much gold. Most of the quartz will have been non gold bearing with a few areas of high density (and highly visible) gold which will have been picked clean by the, let's say 'frugal' locals. ;-)

I'm not up to speed with the elections there but it looks like after a few current squabbles have settled down a coalition govt will likely be formed. Some have mentioned the new govt may not be as mining friendly as the last one? I doubt that the Western world, gagging for critical raw materials, will be happy about that. Food for thought...

Maybe George wants another worker at the mine to ensure the others aren't just turning up, locking themselves in and then sleeping half the day? - Been there, done that! :-)

Remember the story of the Bluejay guy commissioned to go out and do an environmental assesssment of the possible negative impact of mining on the local walrus population near Thule? He asked along the coastal villages about how the walrus population were faring. "Aah, yes there used to be walrus here in the old days - but we ate them all!" :-)
Maybe the next generation of Greenlanders will be more environmentally sensitive tho...

Upward would be a nice change given Gwmo's history. A quick look at the 2011 half year report reveals shares in issue back then of 37m (now over 3bn) plus a now familiar sounding "£1,015,718 raised by the placing of 9,233,800 new shares in January 2011" Mcap then was around £4m, now around £7m. Factor in 10 years of inflation and we have basically gone sideways value wise but at a cost of nearly 100 fold in share dilution. Perhaps a name change to Crab (or similar) Minerals would be apt? Nice steady income for the BoD and contractors over the years at shareholder expense. :-(

Thanks, J90. Trouble is, having lived frugally over the years, and especially since covid, I've realised how little we actually need rather than hankering after all the things we think we want (apart from the occasional indulgence) so I'm not sure I'd know what to do with £100k+ these days. There's always the grandkids....

AIM should come with a wealth warning. I started with £140k 12 years ago. That was down to just £8k in the covid slump of April last year, but thankfully back to £40k+ on the back of Alba and Arcm, with hopefully more to come. Be aware that most companies fail to succeed or are shamelessly used as a cash cow to fund managerial lifestyles while failing to deliver any shareholder value whatsoever. Have a punt but don't risk a big chunk of your pension or savings on AIM, is my advice.

Will we get shifted off this BB I wonder, and get a shiny new Kendrick one to rant and misbehave on?

Strange, BMR still mentioned on the website and Kabwe mine and tailings are listed as if Bozza palming them off to JLP for a handful of beans was just a bad dream and never happened - "In recent years, the ownership of the Kabwe complex has been rationalised and since 2008 has been steadily acquired by BMR which now owns all the surface rights overs the 705 hectares at the site."
Very sloppy not to have updated things. Presumably a continuation of the poor standards of company stewardship we have come to expect over the years?

Strange, BMR still mentioned on the website and Kabwe mine and tailings are listed as if Bozza palming them off to JLP was just a bad dream and never happened - "In recent years, the ownership of the Kabwe complex has been rationalised and since 2008 has been steadily acquired by BMR which now owns all the surface rights overs the 705 hectares at the site."
Very sloppy not to have updated things. Presumably a continuation of the poor standards of company stewardship we have come to expect over the years?

My impression of our current situation may well be coloured by my having recently read the book 'Stalingrad' by Antony Beevor. Some similarities of modus operandi - invite enemy to foray deep into your territory, surround them and prevent them from operating, add to the mix some squabbling incompetent leadership and eventually the black swan coming into view over the horizon turns out to be a dead duck. :-(

The historical total ounces mined was 80,000 ozs and worked out at an average grade of 17gms/tonne, so that extrapolates to around 150,000 tonnes mined to achieve that. Yes there may be occasional pockets of bonanza grades but they will be offset by many tonnes of barren or low grade quartz, but still resulting in that overall average of 17gms/tonne.

Yes, we had useful amounts of cobalt at CE but the question was later asked at a CC about a year ago whether they'd found any at other locations and they said no.