Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Https://www.mining.com/iron-ore-price-rallies-on-positive-signals-from-china/
For me this is a positive RNS in that the expenditure required has now been validated effectively at 2021 rates. What's more important is where this leads to and I feel its not too far away...Coidic agreement was for 2 years and that expires end of this year...we know there are lots of activities taking place in C-B and the Chinese have taken control of the Sundance mines...These talks will take time due to the sheer size of Zanaga and huge investment required... I personally willkeep the faith in that things have progressed with Coidic and at some point in the not too distant future it will be sold...
Yes I heard from him 2 weeks ago...said keeping heads down and focusing on getting things done...SI discussions progressing well and hope to make progress soon. He obviously can't give anything away...which is to be expected but we are all aware of what work is taking place and why as this is public knowledge
Dont agree Veteran.we know recosting news is due and the purpose of this is to share total costs with prospective buyers so they can work our ROI and payback...this is imminent and will be shared with Coidic / strategic investors. For me its just a matter of being patient...All good things come to those who wait!!!
Thanks atg for resharing and reminding us of this...its good to rewatch and reiterate just how big this is and how important it will be for China....looking forward to these next couple of weeks...i really do believe we are close now!!
So today is the day we should get our technical update and progress on the re-costing exercise...let's hope for some snippets on the progress with COIDIC / strategic investors aswell!! Once this update is out of the way the next should be the one we are all hoping for!!
I expect the next update to be a technical update in relation to the cost cutting...which has to be done by 31st March....then when they are ready a further update in relation to the strategic investor progress...hopefully detailing the sale!!! So do not panic when there is little mention in the next update as it will be under nda...
It doesn't matter where we are today... in the next 6 to 12 weeks we will be at a completely different level...we all know this based on govt contracts ...patience required while MMs drop to fill orders..... and remove the traders
This is exactly why I am invested here...high quality is firmly in demand for the environmental impact and this is one of the largest unmined deposits in the World... only a matter of time before this is sold...esp as Glencore are looking to divest non core assets...
This is positive for Zanaga with the RoC definitely wanting to move forward and are taking action. We know Zioc are in talks with strategic investors and with the push to green energy this resource is just to big to be overlooked... the stars are aligning in this Chinese New Year of the Metal Ox!!! I am confident we will all reap the rewards our patience deserves!