Member Info for Jeremiah99

Note the graph of average copper grades mined in Chile from 1999 to 2016 - down from 1.41% to 0.65%. Something to compare the ST results with..

http://www.marketoracle.co.uk/Article62297.html

http://www.marketoracle.co.uk/Article62318.html

Average revenue p.a. $81m with a 27.7% operating margin = $22m or �16m. I assume that will be the profit, hence my 2p+ estimation (on a p/e of 10)

I'm a little surprised they're already lining up big bucks funding on what is as yet only a part drilled inferred resource. I would have expected lesser funding towards a DFS first to find out what's down below before planning the next step - but if this speeds the way to monetising the lithium, I'm not complaining...

Of the few shares she's pontificated upon that I am also in, she's been pretty much wrong every time. e.g. UKOG was supposed to drop to around 5p before hitting resistance at 11p on its way to 17p - it's currently been sat at 1.5p for months.

It seems we have opted for the cheaper to set up but less lucrative concentrate route, rather than refining further into lithium carbonate. Still, if my rough reckonings are correct it ought to add around 2p to the s/p if and when it becomes operational.

This is perhaps why we haven't heard news of drilling restarting or funds to get us to DFS - we have had bigger fish to fry lately.

"Spokesperson of Premier African Minerals Mr Fuad Sillem told our Harare Bureau last week from his London base that the firm is lining up a $64 million investment for its Matabeleland North venture." Fantastic news of potential funding, it's just that after weeks of painful silence it's a pity we had to read about it in the national press.

Come on, we're lucky to still have RA around, he was going to top himself at one point. Thank goodness he relented, he was my only source of entertainment through the initial dark days of the s/p plummet. :-p

Eyeguy, in the animation at the beginning of the video the purple colouration denoting areas of copper mineralisation are also present on the lower portions of the two ST drills, suggesting they did find copper. I suppose they must have found copper in the 1% to 1.75% range but it was never publicised as far as I can see. You might have expected them to shout it from the rooftops, though to be fair it was right in the middle of the commodities slump when no one was much interested in metals really. I wonder if Rio will be back sniffing around now that copper is back in favour?

Yes that's WTC's estimate based on the two holes but I've never seen any actual sample results published.

I would say it's a bit of a stretch to say ST is derisked on the strength of one good 2.59% Cu sample result, as someone claimed. However, I notice these infill drills on M2 north zone are a good 2km or so from ST peak, so it is encouraging to be hitting those kinds of grades that far from the centre of the action, even though only at a 1.5mtr interval. I'm with Eyeguy in that I'm hoping it is the end of a vein extending from the core zone. And if we're getting 2.59% at that distance, what may the grades be in the core itself? I'm no geologist so this is all just noob conjecture.

While there is some interest here I will repeat a question I put some time ago - does anyone know the result of the two previous exploratory drills into ST as mentioned on the Zak Mir video?

I would have preferred to see 20% of production thereafter, but I'm just a tight old begger!

Sounds like too little, too late to me. AB has already driven the BMR bus into a ditch a few times and now we're hanging over a cliff edge. I doubt he's too bothered though, I think he's well in with the guy at the scrapyard. ;-)

Why don't you pop over to Mrs. G's mansion for a chat and show her the error of her ways? (Dont forget to use the tradesman's entrance though)

away from DRC is wise, just in case things take time to settle down there.

With us only being an explorer, I guess we will soon need that competent partner experienced in copper/cobalt processing. Any names spring to mind?

I guess there is nothing in the pipeline for Kremnica otherwise they would have waited and used those funds for the acquisition?