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Todays Jorc is for 600,000 Tonnes on a run rate of 15,000 TPM this gives the mine life for the JORC area of 4 years.
Over and above this is the exploration target of 1.8 - 3 million tonnes adding another Approx 8 years mine life, not to mention the other 15 scarn deposits that are available for exploitation. Note the original 1.8 - 3 million tonnes is using the old Russian standard for reporting (note Russian standards are approx 90% correct historically). The other scarn pipes will be undergo a JORC once the company has mined the above(because these are deep within the mine mountain), the cost of this will be taken from the profits obtained at BP mine. This was a great JORC adding another 4 years to the mine, i am sure the Bank funders are extremely happy with this.
So the life of mine at RR of 15,000 TPM is 12 years Minimum.
I did say seller was clear the other day , just needed volume.... and we have it today,,
That is the print of the order being filled. 22.45 200,000 shares
It was a buy Will , Im not here to argue pal im here to give my opinion on Sp movement. Lets be honest that's why we are all here and invested in INCE. GLA
I rest my case Will.
Will there is an order book and RSp to understand where the price is going, looks like we have a buyer at 22p.
Well spotted Larus
Good luck Will, have you looked at the SP and trades today?. :-)
Will1734 No Not a guess , im a full time trader who understand the RSP and order book. The way the MM's have moved bout is a classic sign of a seller clearing. My opinion they cleared yesterday, look at the Volume today another indicator. Instead of trying to negate my post lets see the price action over the coming sessions and see who was correct. GLA
Seller now clear , any buying pressure now this will move north freely.
https://www.vastplc.com/wp-content/uploads/2019/12/vast_resources_note_12.19.pdf
just uploaded to vast website. a must read for investors....
Managed to pick up 3 million during Friday and this morning, in below 1.1 crazy. Way oversold, nice bounce coming here. The slightest bit of positive news Ie: Finance update or facilities update ( or a TR1 Notification) this will move north rapidly. DYOR
Im sure the investors will read our conversation and take on board what we are saying , it saves all the personal hits etc . Lets let the RNS announcements show us whats going on.
I am of the same feelings regards posters as you , lets all keep it civilised and professional . We all want the same outcome so lets hope we get some update very soon.
Fantasy i appreciate the mutual respect from us both.
Piker why would i change ? , i have 3+ billion share votes who agree with my analysis of this company.
There is more to Vast than this BB , as you can see i have just had a discussion with Fantasy . Will you guys be participating in keeping quiet until an RNS lands? ( Not a loaded question by the way, its obvious we dont see I to I regards Vast , but im mature enough to put that aside) Are You ?
Tell you what Fantasy as you say i am Ramping , when i am merely stating facts. But i listen to what you are saying , i will keep off the BB until we hear where the company is heading, will the De-Rampers keep their part of the Bargain ? You included?.
I think its a sensible idea for all investors to take on board , lets see who plays game and is prepared to keep quiet until an RNS arrives?.