Member Info for Jeremiah99

Hmmm...."There's only one thing worse than being talked about, and that is - not being talked about!" - Oscar Wilde ;-)

As I've said a few times before, if they get into production as planned our Circum shares might one day add 1p-2p to Prem's s/p. It would have been more but we've been steadily diluted ever since I did the first calculation.

I also agree, been waiting patiently for the CPRs to reveal the extent of recoverable oil below HH and add value to Alba. The oil is there and it's flowing while Clogau may or may not live up to its promise. We may get a spike on good gold grades after drill results come in, but apart from the already existing mine, how long will it take to get permission to mine elsewhere in what appears to be a sensitive area of natural beauty, and how much will it cost?

HH is the 'flagship' now? I thought he said it was BB...

I hope they make better progress than last time as they'll be nearing the end of the drilling season again.

The fat lady has left the dressing room, it's time to pull the rabbit out of the hat, mate...

Well maybe I did fall for the CEOs hype about ST but little did I know that 18 months later we have still failed to complete a single drill hole into it, so there is still no proof whatsoever of any large deposit down there. Maybe there are widespread deposits across the license areas, but at the rate they are being explored (with limited funds and the climate restricting the drilling season) I doubt I will live long enough to see them.

Seriously? I must have missed the RNS that said we have plenty of copper, even the little we had that was Jorc'd was later downgraded due to the computer modelling error. The main targets are all theory so far with very little firm drill evidence to support them and judging by the glacial speed at which the company gets anything done, the EV revolution will have passed us by before any copper is found in proven commercial quantities.

nm

Unlikely if on the back of drill results alone, IMO, unless they are really stonking.

Sanderson said Broadford Bridge was the sweet spot.

Not only did he say 'Chezeya' he said 'West Chezeya' (10:55 in) It makes him look like a bit of a sap!

Interesting to hear that up to now we have been accessing the shallower layers of weathered and eroded zones and that there may possibly be much deeper underlying copper sulphide deposits geologically unrelated to the shallower ore.

I'm peeved that my £18k investment is now worth £1,300.
I'm peeved that George's mate Dattels may soon be getting Prem shares at .03p
I'm peeved that George is even still around
I'm peeved that Zulu was put on the back burner to throw time and money at RHA
I'm peeved that George is living it up on $1000 a day while I'm surviving on a tiny fraction of that
etc etc...
This may bounce back one day and those getting in now will be laughing, but he hasn't taken care of long time holders who have supported the company from years back, and they have every right to vent their ire on this BB. Noobs, traders and company shills will just have to lump it.

Twohits, I'm loathe to count our chickens too early but I'm quietly hoping for the same. ;-) Could be anything down there though, from a series of damp squibs to a couple of tier one mines or anything in between. As a plan B, I am wondering if results end up being mediocre and majors lose interest, could we use funds from sale of non core assets to set up a plant adjacent to some of the better near surface ore bodies and process the ore ourselves?

Hierarch, that's why I gave the copper a value of just $200/tonne (around 3% of spot) when the spot price is currently $5900/tonne. As unprocessed, still in-the-ground metal $200/tonne is all it is worth to a prospective purchaser who will have to meet capex and opex costs, extraction limitations, local taxes, global price fluctuations etc. The full value of the 1.365m tonnes if it could be magically 100% extracted and sold free of all costs and taxes would be nearer $8bn.

p00rman, I look forward to the day you feel that, thanks to Arcm, your profile name really doesn't suit you any more. ;-)

If we find 3 sq kms of 35mtrs of 1% copper at C. East, then........
3m sq mtrs x 35 x 2 (tonnes per cu mtr) /100 (1% cu) = 2.1m tonnes cu.
Our 65% share = 1.365m @ say $200/tonne (near surface ore) = $270m = £221m in Bojo's currently devalued GBP. Divided by 715m shares = 30.90909090909p a share, approximately.

Yes, too many outright crooks on AIM. I'm amazed that one or two of them haven't been found face down in a ditch, they must have caused some to lose everything they had.

I guess you are right eddie, the situation GR had got us into merits far more serious criticism than mere adolescent humour would allow.