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"96dc2 i also believe that some already know what the mre will contain , hence the dampening down of expectations by a few high profilers on here , to soften the blow maybe"

Surely if someone was being underhand and had that knowledge (as a holder) then they would be ramping the living daylights out of it in order to sell before the news dropped?

Alex Stanbury, CEO of Technology Minerals, said: "We are very pleased to report these assay results at Knockeen, which showed lithium mineralisation in all five trench samples collected at 1m intervals and grades as high as 2.55% Li2O. The consistency of the results we are seeing continue to build on our belief in the asset and add to the potential value of the prospect."

Michael Murphy, CEO of Global Battery Metals, said: "We're thrilled to see 2.55% Li2O at just 2 metres depth. Successful exploration is about resource discovery paired with strong economics, and the implication of hitting high grades at near-surface levels can lead to lower drilling costs and increased efficiencies in exploration. In general, we know that samples from this area grade up to 3.5%, but the consistency that we continue to see is key to securing serious commercial partners. Still, just knowing that a pick and shovel can get us to 2.55% has me thinking about the district-scale opportunities ahead."

Hi Bamps I'm normally in agreement but my view differs on this one. I think that the MRE update and Scallywag drill results are two quite different things for the market to digest, and I think a decent MRE will be positive for the SP.

MJ

"think I’ve got MRE fatigue"

haha I agree. It doesn't need to be an estimate anymore they've had time to count it two or three times I think!

In seriousness I'm still clinging on to the hope of a December MRE, I'm hoping for 9s ( Au + Cu obvs ).

Hi Alamo, do you write articles on Master Investor & UK Investor mag?

"PoG off another $10, if US bond yields rise again this week on unfavourable interest rate news there could be further falls...."

It was bouncing off $2000 in november but couldn't quite stay above - in reality it's now more or less bouncing off $2000 and struggling to get below.

Lots of factors affecting gold, interest rate news is one - interest rate decision may affect things but only short term as it's not the biggest driver now, in my view.

Following on from yesterday I noticed this ( I didn't know but perhaps someone posted about it when I've not been looking ):

https://www.epa.wa.gov.au/proposals/winu-project

https://www.afr.com/companies/mining/rio-seeks-green-tick-for-new-copper-mine-in-wa-20231206-p5epne

Apologies if I'm becoming a copper bore - I went down an internet rabbit hole.

Yes absolutely.

I also meant to write:

'Considering the *demand for* copper over the next few years is predicted to increase' ( not *amount of* )

Which makes much more sense...it's been a long day!

I saw that AAL had a big drop today due to announcing they are scaling back production to cut costs.

They are putting their Los Bronces copper mine in Chile on care and maintenance.

"Anglo lowered its 2024 output target for copper to between 730,000 tons and 790,000 tons, from as much as 1 million tons, essentially removing the equivalent of a large copper mine from global supply. Production will fall even further in 2025, before starting to rise again the following year.

The company’s biggest problem is its Los Bronces mine in Chile. Like many of the industry’s biggest copper mines, the operation is more than 100 years old and Anglo is now struggling with hard ore that contains low grades of metal. Rather than mine this expensive-to-process ore, the company has decided to wait until it can blend it with higher grade material. Unfortunately for Anglo, that will take several years."

On top of this,

"Panama will shut one of the world’s largest copper mines, its president said on Tuesday, after the country’s Supreme Court struck down a Canadian company’s [First Quantum Minerals] contract to operate it amid large protests.

The court’s unanimous vote against the contract for the Cobre Panamá mine — which accounts for more than 1 per cent of global copper output — came after analysts and investors had begun to reassess Panama’s business-friendly image."

Considering the amount of copper over the next few years is predicted to increase, between these two that's taken a chunk out of production. Lack of supply and increase in demand should feed in to increase the copper price.

Perhaps a new modern mine that produces copper in a safe jurisdiction could come on line, plug a tiny bit of the gap, and take advantage of the new demand??

One silver lining (every time there is this drop back) is that since about July SHG has gone from the 10s to the 9s, then up to the 11s and down to the 10s, then up to the 12s and down to the 11s - there is steady overall increasing trend in the market's valuation since then.

The thing that possibly annoyed me most about that article was that it was posted yesterday after GGP had already gone from the 11s to the 9s, and then he callled it a bear trap - following a large drop, not before.

For me, the stock price was up due to an expectation for the MRE to be delivered prior to the AGM. As it wasn't there was a sell off.

https://masterinvestor.co.uk/commodities/december-mining-round-up-and-a-new-streamer/

"I've dialled in"

Are you going to tape it?

Just buy UFO *and* RIO - you're allowed to buy into more than one company and both could be positive!

A few decent buys coming in sub 12p

I'd almost guessed at a small pull back, as adverts started appearing all over financial sites saying "Gold is at its [insert timescale of choice] high!!!!! Is NOW the time to buy??????"

Happy with anything over $2000 for a prolonged period, obviously maintaining an upward trend!

Particularly looking forward to Alex Borrelli.

I'm hoping to find out what his skill set is.

Other than that it is one top line up!

My toaster tripped the electricity this morning. I realise this isn't newsworthy - unless of course it was the underlying cause of the LSE outage in which case, I'm very sorry.

Hi Tony,

I've no issue with others investing in crypto but I've said on another couple of boards my main reason for not touching it.

Scarcity is at the root of most valuations. While there is (supposedly) a finite quantity of the Bitcoin crypto and it gets harder to mine the nearer that limit, this is then negated by the perpetual introduction of new crypto currencies. There are so many that its like perpetual dilution as they compete - potentially infinite crypo coins.

I've never been convinced.

I don't think any other board has their very own "Je sus of Aim", saviour of our sinvestments.

Hope Shanta saved up all the gold yesterday and sold it in one big batch bang on 11.30pm last night haha 😀

Only looking at 15 mins delay but 'ask' now at .13