Member Info for Kongolasse

No, we're drilling 40 holes right now (6000m) and by the end of Q1 we'll have another 40 holes (another 6000m) drilled.

Expecting more targeted drilling for the drilling in Q1.

£100M-£250M

Clever; See the interview.

Funded for this, and the next set of drilling into and including Q1.

Will likely take onboard JV/Investor as alternative to new placings....

But, with billions of tonnes of resource, it will likely dissappear in the madness when it starts rising like a rocket...

Looking forward to the next two Diamond drill assays. Bunny seemed quite confident....;)

Enjoy.

Please ask him if it's warranted to push the upcoming RC holes a bit deeper than previously?,

( as the better grades seem to start at depth? -if the DC is anything to go by of course!)

Thx.

GTA.

Many thanks for the reply AGEOS.

It's much appreciated.

Even with the added details of today's RNS it's clear that more data, and patience is required, and perhaps once more details are known you can share more of your interpretation of the facts with us....

Looking forward to the next months.

GTA.

Hard to buy? Not at all...there's plenty on offer.

You just need to offer the right price. I'd say 50p'ish is about fair? ;)

GL, GTA.

Hi AGEOS for excellent posts.

I think what more and more of us are trying to work out (in reverse) is the NPV value in the ground and the possible extraction and purification costs. As you rightly point out; the extraction/purification process will be highly dependant of the mineral composition of this particular find and it's unique Geo-chemistry.

In your hypothetical example you give 1MT(ore) could transform into 22KT(@95% Rutile feedstock) valued at FOB price of 60M+ USD, but of course, we don't know the processing costs just yet (as highly dependent of what's required). So out of the 60M+ value, is the processing cost 59M+ or 19M+.....?

Does anyone have "real world cost examples" of processing costs per tonne in other Ti mines that we could use as best-case/worst-case calculations?

Thanks!

GTA.

lol.. ii's....

i recon that once the labs come back with the results, (and assuming they are as good as we hope) then the modelling (jorc or more likely, "back-of-the-***-pack" initially) start taking shape it will soon be clear if it's a looker or not.

if it's a "go" the majors should be sniffing around to get that jv and take it furter closer to producition, if they are not already...and when they are, then ii's we fall over each other to join the party.

by then we'll hopefully be on a sunny beach somewhere sipping on the second piña colada before the second brekfast.....

happy days ahead. mine are up for sale already.

yours for bargin price of 42p each.

gl.

gta

Great to see you too 4kandles! You're right... 42 is a bit...conservative. :)

And no, I finally had enough of the Z guys. (Awesome resource, but nightmare company and jurisdiction.) I hope it works out for the LTH, but after almost 10years I've thrown in the towel and have been shifting the shares to buy EEE.

Thankfully I think I've made a much better choice here, although it's been painful since the days of Georgian Mining its finally looking up. (I have a huge part of my holding just about breaking even around 5p from 10years ago(?!), and positions averaging down to about 1.2p.....

SB is without a doubt a serious GM and I have a very good impression of him and the people he's brought onboard.

Hopefully this is just the beginning of great things for us all.....

GL, GTA.

Disagree. Mine are up for sale.

42p is a fair price IMHO....

Happy days ahead.

GTA

My guess is that in reality the ones at the negotiating table are not ZIOC and it's value is undefined.

As much as we're talking about mining, infrastructure etc, what we have at the moment is a company structure, (some part time directors/Marketing) loads of drilling data, and pieces of paper promising the rights to the asset.

I think ZIOC's valuation of 44M and change for a multi-billion asset reflects the immense political risk.

Thankfully we have a powerful player as a shareholder (Glencore) that will limit the odds of Nguesso&Co ripping up the paperwork and keeping it for themselves (like they did with Sundance)

Also, thankfully, due to the nature of the resource they cant raid the asset like they would with a bank, or a factory. (there is nothing to steal unless you put in the infrastructure first.)

So, I'm still hopeful that Vale or another big player will come in with the appetite to develop this greenfield asset, and that the stars will align for the port infrastructure to be built. (built first, obviously)

I'd also argue that the only really attractive solution would be to build slurry pipelines from zanaga to the coast (maybe in parrallel/collaboration with Sapro Mayoko?)

The previous BS about trucks on roads and small scale pilots misses the point of commercial viability that only is possible at large enough scale (I.e. 10MT+/year operation)

the question is not if anyone has the appetite to make a bid for ZIOC (on it's own it has almost no value) but if anyone is crazy enough to plow a few BN USD into ROC. (and make the deal with ROC, and indirectly getting bids for the Iron Assets)

Who knows, some players might just be getting closer......

GL,

GTA.

Agreed! it's a long and very frustrating story with ZIOC,

I'm still hoping for the best, just not seeing it -yet. Anyway.

As for EEE I'm very, very hopeful. It seems that we have turned a corner with SB&Co.

IF all the impending results are as positive as they've been so far, I'm half expecting 40-60p is possible this year or early next. The crux will be to sort the funding for enough additional drilling and keeping the news-flow continuous enough for it not to drift back down too much between RNS's.

I hope SB has an ace up the sleeve with additional neighbouring acreage and is able to offload something else (Walton? Kaolin?) for cash. That would do wonders for the SP in the short run and show confidence. (Same for early application/approvals for licenses/permits..)

ATB

GTA.

4kandles, it seems we have have an eye for kissing frogs.... ;)

Also my biggest holding by far, and since the days of Georgian Mining, so I'm glad to see that it's now in the capable hands of mr Bunn and out of dodgy russian JV's.

Fingers crossed for this one turning out to be a prince/princess (or whatever floats your boat...)

GL,

GTA.

No.

But I'll tell you what; post something that's not conjecture or speculation about connections, and I'll stop criticising it.

Until then; deal with it like a grown-up, or go away and sulk. IDK.

I'm as interested as anyone in ZIOC finally moving forward, but I'm just not seeing anything from Trahar or Elphic or any of the other ghosts on the board of ZIOC.

GTA.

ROFL.

Meanwhile; 36 million shares are up for grabs keeping us grounded until further notice.

Just like we have been since ....yes, 2013.

Grow up will you?

GTA.

Excellent. thanks news.

that helps.

GTA.

Being aggressive doesn't help MM.

I'm kindly pointing out to you, same as I did YEARS ago when you were ramping shamelessly, that "joining the dots" as you call it, isn't necessarily connected to ZIOC or its advancement. (or lack of)

We are, as is plain to see, still in hibernation now that reality has kicked in about the improbability of an imminent deal.

(as proven by the need to go to the market with new placings of shares)

I appreciate the great research that some are sharing here, but feel obliged to bring a bit of realism to the conversation.

I hope to be wrong of course, but let's just be honest about where we are.

I'm as hopeful as anyone on the stars aligning, but it is that; hope.

I also buy the lottery. happily. Also on hope.

Maybe, but the development stars have been aligning for a decade,

-as you well remember since you were ramping the hell out of this with the cold pellets and trucking it on lorries down to the coast.

As I said then, nothing much has changed.

Wait, what? Julimar is 200Km+ south of EEE's Pitfield..

hardly indicative of a connection between the two beyond being on the same fault line?

Can you expand on this?

As per others, having an investment locked in for a decade without appreciation (and dilution) is loss of opportunity.

My early investment in ZIOC has lost me tremendous opportunity elsewhere and it's value has gone down, not up.

Some delays and a big inherent risk is to be expected especially in African projects, however the ZIOC situation is taking the mickey.

As I said, I'm invested and have been for many years, but Zanaga remains a totally binary bet and extreme risk.

Nothing has improved in the last few years, it's still a lottery ticket, and the share price fully reflects this.

I'll be holding what I have for a while longer still, but not adding until there is some tangible progress.

Good luck, we're gonna need it.

GTA.