Member Info for marcusg71

Wow 9m just gone through!!!

Some big chunks gone through this morning.

Only 2.5 trading days before the start of the FMF.

At the rate they’ve been going I’d say 3-5m left

If it weren’t for the several million shares Shard are drip feeding into the market then I’m sure we’d be a lot higher.

Obviously they are trying to get as many sold before the FMF next week.

Take it easy Duster, you’ll give yourself a coronary when the price starts going north!

I can answer that for you.

Riyadh was the location the following tweet was sent from. The day after the AGM.

Pleased to confirm that #ZIOC’s CEO, Mr Marty Knauth, and other members of the ZIOC team will be at the #FutureMineralsForum in Riyadh from 9-11 Jan 2024 to progress engagement with strategic partners

#steel #ironore #China #SaudiArabia #FMF #Zanaga #RepublicofCongo

Key milestone objectives through to the end of Q1 2024 include:

o Feasibility Study update - End 2023 ✔️

o Hydro power partnership - Q1 2024 (Memorandum of Understanding) ✔️

o Port partnership - Q1 2024 (Memorandum of Understanding)

o Strategic partner initiative - Q1 2024 (Memorandum of Understanding)

2 of the 4 done plus today we got the news that the Glencore loan is to be extended through the end of March.

Port partnership announced next? Then on to the big one, Strategic Partner, possibly as soon as the FMF next week!!

Neither is mine of 50,454 @ 14.10pm. A buy.

I think there’s been a few issues today with reporting of trades.

From MM on the other board:

What could Saudi Minister for Mines and Industry, Bandar al-Khorayef, possibly have in mind?

'RIYADH: Saudi Arabia’s minister of industry and mineral resources has concluded his three-day official visit to Tokyo, highlighting the Kingdom’s commitment to fostering economic ties with Japan.

During the visit, Bandar Alkhorayef emphasized attracting investments to contribute to the Saudi industrial and mineral sectors.

As the Japanese investors’ roundtable discussions commenced, the minister expressed optimism about the Kingdom’s potential as a hub for green metal investments...

He (Al Khorayef) HINTED AT A SIGNIFICANT ANNOUNCEMENT AT THE FUTURE MINERALS FORUM NEXT MONTH...'

https://www.arabnews.com/node/2429566/business-economy

Yes all geared up for news/agreements during the FMF.

Exciting couple of weeks ahead!!

ZIOC is pleased with the ongoing progress being made in advancing discussions with potential partners, and as part of ZIOC's strategic objectives has already recently concluded an MoU relating to power solutions for the Zanaga Project. We look forward to progressing further strategic initiatives in early 2024."

Exactly my thoughts Vet.

Loan extended till end of March!!

Thanks ATG. Perfect!

Duster I’m happy to see your figures though.

Haha I’m not saying that’s the value of the company.

Just what’s left for the buyer as per your statement.

£4 will do for me though.

So to recap.

They’ve already talked about possible extraction of 60m/t per year.

The district is only half drilled and there is more where it’s been drilled already.

Length of mine could go to 50 years.

Green steel ready DRI pellets are at massive premium so could well sell for $140/t after extraction costs.

The upside could lead to a $300bn mining district.

How do you like those apples!!

Some left for the buyer??

30m/t per year at a very conservative $100/t is $3bn

That could easily be doubled, but if you take £3bn x 30 years length of mine =$90bn

How’s that for something left for the buyer.

Caveat that with these calls being the minimum extracted and minimum LOM.

Although the FMF is 12 days away there are only 6 trading days before it starts!!

What a morning!!

I’ll happily take the same this afternoon.

FMF in 12 days!!