Member Info for Joeman1

I think if Rio were selling down it would be backroom transactions for significant chunks. I dont think we'd see the sp movement until it was all done.

Best scenario is the keep the shares..... second best is they offload them to institutional buyers once the FID is announced and the SP is on the up.

Is this us ? Start of the climb to the sky?

It was higher than that.... i made an annoying small slice at 8.6p at the time and that wasnt the peak.

If only id known what would transpire id have been a lot happier.

News coming Irish?

Lol.... someone sells £70 worth at 10% below the ask and the shareprice follows it?

Take a step back....

Where is our physical money going? In the ground - 3 drill rigs and the follow on lab work isnt cheap.

If there are contractual bonus payments to be made (i agree i feel bonus's are premature pats on the back at this moment) i dont think we can be surprised they have been paid in shares.

Anyway.... imo its silly selling ahead of Molly results, but thats me...

Ill be sure to slice my capital on the way up this time.

Https://audioboom.com/posts/8875277-midweek-takeaway-with-colin-bird-xtr-bzt-afp-ken

Interview out today from Roast. The financing deal is discussed. Very positive and suggested the protracted timeperiod is due to thd financiers internal processes and nothing to be worried about.

Take it as you will but i feel positive about it all.

I think the fact that we have bought the mine site equipment for H&G, would suggest to me that we are going to process copper/gold and park the zinc resource for now.

If in the future the plant was reverted to the zinc and silver, say if H&G was sold to a major who wanted to build a far larger purpose built facility that is almost a different beast.... it would be a nice speculative problem to have.

The results from the drilling will follow later this month.

Good to read that the buy in is using existing company resources.

So route to additional revenue with no more dilution.

Looking positive here.

Great little interview with the Roast issued this morning.

Has given me confidence that we will be getting additional revenue streams within the next 3 to 6 months.

Rough working - £170k additional working capital? Im sure we will put that to good use

The 26k price of Lithium is taken from a study Geomet commissioned.

The details are in the DFS, but for some reason its easier to find this reference by going through the ASX announcement of the DFS that had more meat on the bones.

Anyway, there is broad consensus that 20k is required to stimulate near term supply to cover demand.... we will be producing in 2031 when demand is predicted to have doubled. So without having read Geomet's report, im guessing they concluded that 26k was needed to stimulate enough new production to double supply.

It is literally in the ASX release, the details of the market assessment carried out, commissioned by Geo that suggests the price will be $24k by 2030.

The project plan has us coming into production (LCP) in 2031....

The thing we will need to see now is evidence that financial backers are on board with this.

Note that the derisking table in the DFS still shows us making a positive NPV at $20~21k, which is the near term price that industry gurus say is the next price point to incentivizes new production...

The predicted CAGR by these chaps is 15%..... so production needs to double in the next 5 years just to keep up.

Should move towards 20 to 30% of NPV which would be 3x or 4x current levels. The sales price assumed seems high considering the last couple of years but it is projected to go higher due to BESS demands and this is an EU plan to have its own production.....

So it is within their ability to balance this out in future by setting import/export rules.

I didn't hear anything negative at all.

Not sure what people were expecting. Did you think this would include a partnership announcement?

There was a Sunday Roast podcast on 23rd November that gave some information on progress. Please correct anything below if i am misremembering

1. Morocco, there is flotation equipment due to be unboxed in February/March (so would seem unlikely that this won't be producing in 2026 although no explicit date suggested).

2. At silverking their partners are developing a small mine that XTR have bought into. Again, no explicit date suggested but comments made around 12 months NOT being a challenging time frame.

Should any of this be RNS'd? Was there any greater credibility in these statements than in any equivalent statements made in years past by Colin..... I cant answer im afraid.... but I'm hopeful

I actually had time to attend this meeting but looked at the last minute train ticket cost and the entire day that it would have taken.... monetised both time and avoided costs and decided to buy BZT shares on the morning. Hopefully the savvy thing to do.

Thank you for the feedback from the meeting guys. It's really only the avoidance of giving a project timescale that is getting my goat at the moment. The DFS gave me enough to make my own estimates but I'd have to make assumptions on long lead items.

Just because Colin has been pilloried for missing projections over the years isn't a reason for not giving them when the definition work has been done.

I think most of us are on the same page of wanting this to make it into production in 2026 to make us some dough and silence critics.

My opinion... both assets will go into production and make lots of money. I do believe they will follow different pathways.

SVML will (In my opinion) sell to a major within a year. The major will then take it to production.

Empire (in my opinion) will take theirs into production likely with JVs either on the whole project or just on targeted benefaction. But this will be 3 years away.

So my expectation is that there will be a lot of money in my PF coming over the next 12 months from SVML and some of that might find its way over to my EEE holding. EEE I think will make me more money but over a much longer term.

That is just my opinion but I'd also say that I'd prefer if both companies were to take their projects into production as I think that would make me the most money.

There is also a reasonable chance that both are sold to majors.... wtfdik