Member Info for lptuf93

Yep but with inflation coming down globally, things maybe turning soon. Rate rises seemingly are over - all the attention now is how quickly the cuts come. I think they could be as early as end of Q1 2024. Is this the bottom for metals equities?

Seems like they're on the charm offensive now that they have some indications what the grades might look like. Not listened to the stockbox interview yet but the proactive one was really helpful in understanding todays RNS. For the first time in a long while, things are starting to look back on track.

Alex was talking in code. I suspect that was intentional to spin it somewhere down the line incase news isn't as we expect. Sounds like some of the holes didn't come in as expected so they've almost gone back to the drawing board with more geological surveys prior to RC campaign. Suspect we're not gunna get anywhere near 3,000m drilled either which would be disappointing. Upside tho would be thicker intersections than currently modelled so not all grim. Understand why he's looking for multiple targets but this propsect was near enough in the bag. Really dropped the ball here.

Exactly. A second campaign probably won't be until May earliest given drilling seasons so JORC now Summer 2024? Poor show imo from what was such low-hanging fruit. Not sure where stimulus is really coming from atm as we've only heard back on 4 holes so far. Assays in December I guess?

Little bit volume out of nowhere. Explo gold credits atleast doing well.

Good to get the story out but not a fan of Alan Green. Doesn't articulate the story very well in my view.

Glad it's a small raise. Disappointed with the warrant strike price but all in, not a bad funding. Glad to see the funds progress all the Rudny-Altai projects. As you say, multiple low-hanging fruit opportunities.

Could accept a small placing to keep things ticking over. Needs to be minimum dilution and hopefully strongly backed from existing TR-1 holders. Seen it down by a couple juniors just to reassure the market over against a funding crisis. I feel like its too heavily backed here by mgmt/large holders to see your usual AIM dilution...

Interesting to see they'll be at PDAC 2024. Fairly prominent exposure to PIs.

You didn't need to end that man's career like that Gloster

Yep. Has all the hallmarks of an inpatient PI executing a cardinal sin in small-cap trading. Someone snuck in some decent buys at the end there too.

Even if that were the case, what's their loss getting a second opinion of their geology/play from an expert?

That's true but that only relates to open pit portion. I would also argue that a lot of AIM NPV mean close to zilch as they are never becoming mines. A lot of the pre-work here has been done and factoring infrastructure as well as EBRD hunger for projects, finances look favourble of actually going somewhere as long as the drillbit does its job.

And they have 80,000m worth of drilling to digitise so another 40,000m outside of Verkhuba. Could be looking at other JORC explo targets in Rudny-Altai before 2023 is done.

Whilst we wait for summer drilling to kick-off, worth noting some valuations based on resource estimates. A common valuation is 7c/lb of copper in-situ. If we take the lower end of JORC explo target (19mt @ 1% Cu - no credits).

190kt = 41.8m lbs

41.8m lb Cu @ 7c = $29.3m = £23.6m

At 182.25m shares, that gives 12.95p share price.

And that's with no polymetallic credits either.

Markets can stay irrational longer than "investors" can stay solvent - here is no different. We're in one of the worst small cap resource environments so just wait patiently. Day to day "market actions" won't get you very far in an illiquid market.

What an outcome. I'm on a free ride now - big congrats to all those the held there nerve over the last 12-18months.

8-9mins: More deposits where they are digitising the data before releasing them tio the market "next to mines running 3 - 8% copper".

We could very well be looking at upto 6 Verkhuba-like JORC exploration targets by 2024. The market is absolutely sleeping on this one.

We've been waiting a longtime here. Glad market finally seeing the value Bernard has built.

Looking great here. Look forward to the company detailing their exploration campaign as well as word on a transformative acquisition.