Member Info for lptuf93

Truthfully, I think it depends on the deal.

If it is a shyster, typical AIM JV deal (spend ~£5m over 4 years etc. for 70%) then I don't think it'll respond well. However I think that is very unlikely as this is a relatively advanced project (resource pending) and full of infrastructure and, importantly, spare processing capacity. I suspect we're gunna see a significant sum of money upfront (~£3m) plus a decent royatly when in production. That'll pretty much fund exploration for the next 18-24months so expect a huge response from the market if that deal was announced. I think Alex is on the brink of something big....

A very conservative value for in-ground resources is 4c/lb. That would value just the open pit at £7m. Multiply by 4 as underground another 15m+ tonnes so very basic estimate would be in the ~£28m range.

Where are the big contracts? The only progress here is how the company mills its shareholder's pockets.

There's no need to spam the board. Lets collect all of our thoughts into one message.

Trying not to get ahead of myself but if we can replicate some of the ultra deep hits Kobold made at Mingomba in 2020 (19m @ 4.57% Cu/173ppm Co & 11.4m @ 3.86% Cu/149ppm Co) towards the end of summer, we are going to go vertical.

Appreciate the comments Seisnav. Interesting video too - surprised to see little old us getting a mention!

Joined the party. Exciting exploration play in that high-grade territory.

Any ideas on how long the drilling will take? Does 50m/day on diamond drilling so potentially a month per drill?

f off early you cross-ramping ****

Of the 218m shares currently in issue, 110m are in sticky, long-term hands (see share registry of 3%+ holders). So only ~108m shares actually tradeable in free float. Very tight structure.

I think 5p this week is unrealistic. The investment case here is obvious, and the value to long-term investors has been known for so long. But to think we can do 200%+ in just over a week isn't realistic in my opinion. It'd be great to finish this week above 3p, maybe close to 4p. Look forward to hearing from Alex on Wednesday.

I know interest has pivoted to S.Africa but worth noting an interesting update from Carolina Rush Corp (TSX:RUSH) who owns and are exploring the former Brewer mine.

Just hit a new zone separate south of Brewer in the Tanyard Zone intercepting 62.5m @ 8.5g/t only 110m from surface. Will be keeping an eye on their drill campaign to follow these hits up.

Jeeez, an operating copper mine in Kaz with a grade of less than 0.1% Cu. AND it's still in the lowest quartile cash cost globally. Kazakhstan offers unreal economics for what would otherwise be uncommercial grades. And here we are with 1%+...

The only realistic valuation for a pre-revenue explo mining company is based off independently verified resource/reserves. We should hopefully have that here in Q1. Factoring in expected gold grades, the open pit portion is looking like ~5mt @ 2% CuEq for 100,000t of Copper Equiv. Most in-situ copper deposits are valued at 4c/lb. 100kt = 220m lb Cu = $8.82m = £6.94m. At the current share count, £6.94m equates to around 3.175p.

And that just covers Verkhuba open pit...

Exactly Crofton. They also announced Pallas, another Kazak focused explorer (private), as one of the other 6 partnered juniors. So a 3rd of their accelerated programme is specifically focused in Kazakhstan. Hugely positive as they see it as a production hub alongside the other established majors like FQM, Fortesque, Glencore etc.

f off you cross-ramping ****

Agree. Assays undergoing QA/QC. Will be interesting to see if the gold credits give us a boost given the PM environment. Just at the start of the next gold run.

If there was ever a time to drop some serious gold credits, now would be it Alex...

So that poses more questions than it answers.

May 9th, 2023 news release - "Rome is also a party to an option agreement (“Option Agreement”) with CoTinCo dated August 15, 2022 pursuant to which it was granted two options by CoTinCo to acquire up to a 51% undivided interest in the Bisie North-East Exploration Permit 15130. Following its exercise of the first option under the Option Agreement, Rome has earned a 25% interest in and to the Bisie North-East Exploration Permit 15130. By exercising its second option under the Option Agreement, Rome can increase its interest in Mont Agoma by an additional 26%, and by acquiring a 15% interest in Mont Agoma from Palm, Rome can acquire up to a total 66% interest in Mont Agoma."

So does the presentation mean RMR can hold upto 85% in PR15130 (Mont Agoma) & upto 72.5% in PEPM13274?

I've been following RMR over on ceo.ca for a number of weeks now - had no idea Mark was on the board of PFP but now the deal makes a bit more sense. It's really interesting that access to capital is one of the reasons for coming over to London - I always assumed TSX was the venture for serious mining explorers.

Mark made some pretty interesting comments in May after their initial drilling results - "Previous experience in working in similar environments has shown that a centimetre wide cassiterite (tin) zone or vein at shallow intervals can blow out into a 20 to 30m wide mineralised zone at depth or along strike." In the context of the adjoining license looking to produce 7% of the worlds Tin supply next year, you can see why they're so thrilled with these small Tin intercepts at surface...

Company they're acquiring is primarily a tin explorer - however they have found interesting amounts of copper and zinc. I have quite a few questions about Romes owndership structure. From reading the license news releases over the past 12months am I right in thinking they can own upto 51.475% of license PEPM13274 & 66% of license PR15130 (Mount Agoma)?