Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
007
This is my top share and I'm down too. Why i ask myself with all the results over the last month. The warrant sales have stifled the sp i reckon but now 60% of them are gone. The sp won't rise above 2p IMO until they're all sold. After that we'll have over 1-1.5 million quid to enhance or expand on the assets we currently have. Once those warrants (40% maybe less) are gone things will turn round. It only took around 2 weeks there to clear 60% of the warrants. I'm no Warren Buffet but this looks like a great company to be in. How long will it take? Not got a clue but I'd bet a tenner the sp will be a good bit higher not that far away. That's only what I think.
So when this goes to 2p, how many of you will sell? Your not included here 007 because I reckon you don't have any shares or you bought in on the spike (Don't panic! You'll get it back). The warrant holders will take their profit (That's fair enough. They funded the last drilling campaign). The 2020 plans should soon have over £1m for the bosses future plans. Our BOD has a vested interest. If the current sp isn't great for the most recent investors (I'm one at 1.7p) then research more. Rockfire has serious potential. Show faith in our company, hold you're shares and show some loyalty. If you don't think they cut the mustard then sell up. I'm holding for big rewards. What the **** would I know? I'm only a learner.
Apache007. Not bad for a 1st post here. So have you got anything to say to enlighten our glorious bulletin board?
So what do you all think? Was the copperhead RNS meant to say 50 - 100 million tonnes or 50 - 100 thousand tonnes.? Is it a mistake? Bearing in mind 50-100 million or thousand tonnes would be in addition to the 125,500 tonnes mentioned.
Like your style Tom.
apache scrooge. It's Xmas. Let your hair down and have some fun.
Just a quick calc for Copperhead based on 50 million tonnes from the RNS.
50 million times currently over £4700 per ton = £235,000,000,000? roughly.
£235,000,000,000? divided by 556,000,000 shares = £442 per share minus costs of course
So for 100 million tonnes each share = £884 minus costs
If you've got 1 million shares you'll be worth £884 million quid minus costs of course plus the value added from other assets.
Now where's that Buckfast tonic wine. I'm gonna be a multi billionaire. I'd better get the Xmas yacht catalogue out. Yohoho
I do in reality think there's some serious shareholder value in the near future of 2020 so "hold and rock will deliver". The big man (CEO David Price) told you.
Add on our other assets and the shares go up to £10. Yipeeeeeeeeeeeeeee. I'm a millionaire :-)
i hope your right and it's not a mistake. That's make our 122,500 tonnes 99p shares worth £7.92 minus costs. That's it. I'm packing in work. Lol
It also says
Rockfire has developed a staged exploration target, with planned drilling expected to deliver the next milestone of between 50 - 100 million tonnes, with a grade range of 0.30 - 0.40% Cu equivalent**;
Reckon that's a mistake and meant to be thousand instead of million but here's hoping.
LBM the RNS states-
Using the original tonnage and the new Cu Eq. grade of 0.35%, the amount of in-situ copper increases from 56,000 tonnes of copper to 122,500 tonnes of copper equivalent value;
You must be on the xmas sherry. Lol.......It's 122,500 tonnes. That's thousands not millions. Your saying we'd be sitting on a resource 10 times the whole of the copper Australia exports per year.
Copper Ore Australia is the fourth largest exporter of copper ore in the world and enjoys a 7.5% share of an annual market worth $44.2 billion, with Chile (28%), Peru (19%) and Indonesia (7.9%) the leading trio of copper ore exporters. China imports 35% of Australia’s annual copper ore exports and the second-largest destination is Japan (12%).
Read more at: https://commodity.com/australia/
£555 million / 556 million shares = 99p per share before costs. :-)
5,000 Tonne per Day Open Pit Mine Model
https://costs.infomine.com/costdatacenter/miningcostmodel.aspx
cost/ton £1516
So £555 million before costs. Not got a clue how much costs would be but just say 60% for the sake of it. That would be over 200 million profit from Copperhead.
minus the question mark Lol
122500tonnes × £4535 =? £555,537,500
To put that into perspective that's £555 million of copper (before costs) just for Copperhead. Currently 556 million Rockfire shares in circulation and a mcap of only £7 million. Right now it seems we're way, way, way undervalued.
LBM
Where did you get the £400 billion from? RNS from June values 122,000 tons at a mere £555 million :-)
https://polaris.brighterir.com/public/rockfire_resources/news/rns/story/wk56k2w
All looking very promising for 2020. Lots of gold and currently 3/4m in the bank to fund progress.