Member Info for Jeremiah99

IMO that's not a bad ballpark estimate Copperman, and if we can indeed apply an in the ground sale price of $200/tonne, that already brings us to around 15p a share, with hopefully plenty more to come. Once into production, much more value will be added to each of those tonnes of copper.

Interesting insights into the life of a Clogau gold miner 150 years ago -

https://www.clogau.co.uk/welshgold/gwynfynydd/index.aspx#mining-part-1

And I suppose you'd be happy to pay the plumber twice the going rate even if the result was toilet waste coming up out of the kitchen sink?

still only takes us to 19kts of contained copper at M2 north zone, whereas before the software modeling error was found it stood at 89kts of copper. Hopefully the software hasn't similarly overestimated the stated potential of ST.

I agree it may be money going into Angus as their lender has cleared and Brockham production flows are coming soon. If they are good, perhaps profits there will then return to Alba in advance of a declaration of commerciality in the HH Kimmeridge? It's all a matter of timing (which I'm useless at!)

Someone offloading steadily and slipping out the back door.

Sentinel - "....5.4 km long, 1.5 km wide and 375 meter deep pit..." NvS must be very confident if he thinks Kalaba has a hope of matching that. Bring it on!

Why on earth would they be passing on price sensitive info to selected shareholders via e-mail?

For Kalaba to equal Sentinel we'd have to go from our original estimate of 16m tonnes containing 135kts cu eq to c. 1bn tonnes containing 5m tonnes cu eq. It's looking like we should easily exceed 16mts but 1bn is a big ask. Half that would do me nicely for a first target zone result.

To repeat part of an earlier post - Once Kimms 3/4 are proved commercial and an independent CPR done, then Ukog may well have several hundred million recoverable barrels to their name at HH, each worth a few £, and an s/p reflecting that fact.

It's only money, and 'what is money to a grasshopper?' as my erstwhile Ghanaian workmate occasionally enquired.

I think I can see the business sense of it now. Better 50% of a pie baked in double quick time than 100% of a pie that we may have starved to death waiting for!

...but presumably at a cost?

I still wonder why they are considering exploration JVs at this early stage, rather than trying to prove up as much as possible ourselves and so keep a bigger piece of the pie? But then I'm no mining magnate...

I expect all plant profit predictions will be rendered redundant should we discover enough metal to tease an offer out of a major player.

Er, I'll trust your calcs ARahim. Don't forget the ruddy mining tax though. :-(

I worked it out that to process 16m tonnes of ore at 15tph running non stop would take 120+ years of production, 90tph a more reasonable 20 years. I can only see the SSDP's usefulness may be to generate cash to fund the drilling of the other 8 targets, also perhaps as a bargaining tool to demonstrate that we easily have the means to do so should an interested party come in and try it on with a low ball offer. Much btter to negotiate from a secure financial position.

Mining.com says c. $10/tonne mining costs for open pit, and I seem to remember 85% recovery rates for copper. I think it's less for cobalt?

this morning on the back of steady resource expansion. Some people just don't like money!

"Irate Godstone resident finds scorched metal plate embedded in prize pumpkin - blames fallen space debris"