Member Info for Justone

Just trying to add a bit of balance to the criticism of PC. Everyone here on this board are nursing losses, it is painful for all, including PC. It is how you cope with it, writing personal negatives on chat forums whilst waiting for news is your prerogative. I just question whether it does you any good.

Like Icebank I am prepared to wait for as long as it takes. We know we are going to get Tolsa’s answer by 26 December. Plenty of positives to look forward to, if you are a believer! It is painful don’t get me wrong, but when it turns the pain will be quickly forgotten. Relax and enjoy life, it might never happen!

Has the waiting got to you Safe? We did get an RNS last week that was positive, and demonstrates some action. Maybe he is concentrating on TYM. Not long now, just around the corner!

Mock all you want Safe. Everything is in play looking out from my window. In fact I feel very warm and fuzzy, especially after the last RNS. Not long now, if I were you I would save the mocking, until you understand what is released, otherwise you might have to eat humble pie. That would be the wise thing to do.

The money for drilling will come from Tolsa, or he will find a partner. All these mineral assets, just waiting to be monetised. They will at some stage!

I am also GeoChem, and so is PC. The market is not bothered at the moment!

The RNS says at surface, and going down 1000 meters. If the grades are good, it should be mineable. I am sure it will attract a lot of interest. This has come out of the blue, and has great potential.

Anyone who knows PC, knows that he is tight as a drum, and he is very sensitive to the rules and regulations around insider trading. I am just happy with his comment ‘it was a great release’. I was moaning about the market reaction! This project could dwarf all our other projects. We sit here with a terrible share price, and we are not alone in our sector. Hopefully Tolsa will be a catalyst, and we will then have some options.

It is Twiggy. I contacted PC yesterday about the complete lack of interest in the RNS. I was concerned that I had not understood the opportunity, it turns out I was correct with my understanding. Patience is certainly a virtue.

I am a PC supporter. He is a very conservative individual, he understands the pain of dilution, the importance of adding shareholder value, and keeps a tight rein on costs. It is definitely not a life style company. I am delighted the raise is so small. This to me is a sign that we are close to generating some cash. We have some exciting assets, which the market doesn’t value. Sentiment in our sector is at rock bottom, but this will change at some stage. I expect to do very well here, with little downside risk and plenty of upside. We just have to wait for news and the commodity sector to come back into flavour.

Project Overview

Project located on south side of prospective Humboldt Structural Zone, at north end of Shoshone Mountains, 52 miles south-southwest of Battle Mountain, Nevada.

High grade zinc, lead and silver samples;

Sample No 52303: 13.6% zinc, 12.8% lead, 146 ppm silver.

Sample No.52304: 29.6% zinc, 0.3% lead, 7 ppm silver.

Sample No 810014: 15.9% zinc, 0.5% lead, 17 ppm silver.

Samples occur within a larger altered area containing widespread gossans with anomalous zinc values (43 samples averaging 0.86% zinc).

Geological setting and mineralogical evaluation of the samples suggests a Carbonate Replacement Deposit (“CRD”) style of base-precious metal mineralisation.

Satellite imagery shows large alteration areas associated with this mineralisation.

The Reese Ridge Project covers a fault bounded horst block of fault juxtaposed Lower Plate limestones/shales and Upper Plate Antler sequence sediments bounded to the east and west by Tertiary age volcano-sedimentary basins. Mineralisation occurs at the top of thick carbonate sequence.

The Reese Ridge Project has evolved from the Company’s Reese River industrial limestone project and was first suggested as an interesting target when prospecting by the Company yielded an unremarkable limestone sample containing a few spots of the lead sulphide mineral galena which was submitted for analysis and returned a value of 15.9% zinc (alongside 0.3% lead and 17ppm silver). The high zinc content was unexpected and unexplained and given a low priority.

Since then, various Company prospecting campaigns have focused on a broader area containing numerous conspicuous iron-rich gossans of generally limited extent but which attracted the Company’s attention and that of early prospectors and were found to contain exotic geochemistry and consistently anomalous zinc, lead and silver with values up to 6.8% zinc, 3.3% lead and 51g/t silver. 43 samples taken from these gossans and old workings averaged 0.86% zinc.

In May 2023 the original high-grade zinc sample site was revisited and two further samples collected and analysed with the following results:

Sample No 52303: 13.6% zinc, 12.8% lead, 146ppm silver.

Sample No.52304: 29.6% zinc, 0.3% lead, 7ppm silver.

Sample 52303 contained visible galena and so the high lead content was to be expected. However, the very high zinc values in both samples were again a surprise as the samples were otherwise unremarkable. It is believed that the zinc in these samples is present as secondary zinc oxide, carbonate or silicate minerals. These minerals are difficult to identify in the field in an area where the rocks are significantly altered and do not have the stand-out character of iron rich gossans and are easily overlooked.

Whilst the widespread high visibility iron rich gossans at Reese Ridge are part of the same mineralising system, they were likely a red herring to the early prospectors and the Company’s own follow up sampling campaigns g

This is going to get day traded today!

It is good to see another potential, I think PC even sounds excited! All this potential for under 3m. We will have a very exciting 2024. The drilling will be funded by the Tolsa money, unless we want to get in a large partner. With this RNS it must get the blood racing, and get the emails flying with offers. One thing is certain, it will not happen fast! Long term value creation is PC’s mantra. Happy days.

They have the option to buy out 1% of our 2% royalty for $1million at any time.

Https://www.londonstockexchange.com/news-article/GMET/copper-mineralisation-at-garfield-project/16171141

A very positive RNS,

PC has delivered potential and opportunities, let time play out. The assets are not going away, and our out goings are minimal. We just have to wait, I would prefer the right deal with a strong partner, rather than a suboptimal deal to satisfy a short term share boost.

Relax, we just have to wait. Funding is not an issue, we have plenty of money to draw on from our green investment fund. Painful as it is to see the share price slowly retreat, but it is expected when there is no news and investors loose hope! We wait for near term Tolsa news, and if we wanted to we could sell our 3% royalty.

Excellent interview with Greg, I even get a mention! This bump in the road puts us in a very good position. This time next year we might have the money flowing, with a dividend policy! They do listen to shareholders, I can vouch for that. It has been a rough ride for us LTH, but the risk reward at this level is great, I am envious of those getting in at this level. I am not ramping, look at my history with this share, buying all the way down with the potential being offered. It could drop any time, and the MM’s will move the price up accordingly. We will know soon enough. GLA, this was meant to be my pension maker with a regular dividend, and it might still be yet!

They have only drilled down 5 meters, they know that some of the sand bars are 20/30 meters deep! I asked the year before at the AGM. You are right drilling has only been done on 5% of the land package, it is happy days when we get the licences back. That is the risk that holds us back. The market always over reacts, especially when commodities are out of favour. As I said before the figures are just mouth watering, with huge development potential on top. There are a very loyal lot of original shareholders who are prepared to wait it out to production. Only then will the extent of what we are sitting on will be seen in the numbers. I am waiting for the agreement with the port, which is a cost effective way we are going to get the minerals exported. The return of our licences is just about a given by the sound of it. This is a long life project, we could be generating cash in 2024.

You are right PaulFG, it is only an MOU. I asked about this at the AGM only 10 days ago! What a change in mood! Only 160% up, a long way to go for me to break even. There are plenty of other off takers if this one falls through. This is the least of our worries apparently! This set back might work in our favour for the long term, as we are the innocent party and have been put back a year. They have been working behind the scenes, to hit the road running as soon as we get the licences back, and hopefully we will get all the others we have applied for. The resources are huge and the grades are fantastic. We might even get news on the port agreement!

The share price was literally decimated when the licences were suspended. We were up at 14p from memory when we got the licences, and we ere just waiting for our off take agreements to fund the 30m of equipment required. We now have our MOU with our huge off taker, and licence looks to be about to be reinstated. There are lots more licences that have been applied for. On the negative we had about a 10% increase in capital, and we have to share a bit of the profit with our mover and shaker SL industrialist. So given this, shall we give a value of 8p? Greg’s options kick in at 3p! Plenty of upside.