Compare like to like!30 Jun 2021 15:02
When you compare Juniors, the most obvious thing is jurisdiction. The better like Canada /US/Australia the better. AIM is full of past /present Miners that fall into none of the above. So license area size and grades of mineralisation comes next. A decent midcap producing miner with 25k tonnes of copper per year, would command £250m mcap on AIM. Licence area 7km by 2kn strike length would cover 300k tonnes of copper. Life of mine =12 years, and possible more if adjacent areas are also drilled out? Our small scale plant at Cheyeza, which if came into production in the next 18 months time? Would probably produce 8-12 K tonnes of copper, depending on the metalurgicul work and other factors to consider. That's about $25-35m profit per year for us and our partner, without the need of much finance /offtake agreement for $10-12m approx. Obviously we'd like that to already have happened, but Kalaba plant was uneconomical due to prices of copper, etc etc. Just Cheyeza with 80km square of license area, would dwarf 2-3 AIM companies with the amount of copper its possibly got. Yet our mcap is £60m, that is the market not pricing any upside whatever. If we discussed Fwiji, and the possible grades if drilled out, we'd be here another week, talking about Fwiji. Cream always rises to the top, and we've got the best grades in Africa, bar Kamoa Kakula mine. If your a trader, then research isn't what you want to see. If your a investor, then good quality research is what you are looking for. And we've a few people here who have contributed a lot to the bb over the years. ATB everyone (apart from the deramper).