Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There was a placing with HNWi so assumed it was a possibility !
I dont think there will be much flipping at this level as it went to pretty sticky hands - look out for a TR1 coming. I also took the previous 2p placing and have targets way into double digits here if what I think will happen with Zamsort happens and given they shall be producing copper/cobalt this year under the SML
See only one way for nickel mid-term - this puts Horizonte about to deliver their Araguaia BFS in a very strong position for Financing and off take discussions. Wider market either missing this or not picked up on Horizonte yet imo Araguaia Free Cash flow over 28Y LOM now in excess of $2bn that is separate to the new Vermelho asset they just announced a resource upgrade on 117% increase in cobalt and 60% increase in nickel (contained figures) NICKEL: Nickel outperformed other metals, with the LME price rising to a nearly one-month high of $14,830 a tonne. In Shanghai, the most-traded July nickel contract climbed to an intraday peak of 110,430 yuan per tonne, its loftiest since June 2015, before settling at 110,240 yuan, up 2.2 percent. Nickel is the best performing metal on LME this year, gaining nearly 16 percent so far, with stocks of the metal at LME warehouses at the lowest since July 2014. MNI-STOCKS NICKEL DEFICIT: The global nickel market deficit widened to 15,700 tonnes in March from a revised deficit of 6,600 tonnes in the previous month, the International Nickel Study Group said.
'We have had some approaches from potential joint venture partners, but I am not in a hurry to involve them at this stage. We need to do our work and need to get drilling to see what is there. Zamsort is one of the most outstanding copper/cobalt opportunities in Zambia, and what this interest has underscored is that we do have an exciting asset with a great opportunity for exploration' The JV partners know.....
oh SPOT how desperate you seem for the SP to stay down. Thanks for your concern here mate much appreciated - in the meantime I'll make my own investment decisions as a 2p placee and 2.4p placee and someone who has bought on market higher than those prices. I am of course an investor not trader - happy for traders to stay away
Yep I was in at sub 2p in Asiamet - Kalaba has the scope to be the size of Beutong. Have built a nice position here and still adding where I can.
Hello SPOT the same way any other AIM exploration company has done And in addition have options to Sell non core assets like Andiamo and Sturec Sell CASA when JORC'd/Scoped Sell 1m worth of stock pile at Zamsort Start revenue creation from Zamsort They are funded into next year now and placing after that will be at a premium today and possibly with II involvement if they hit the big grades with drilling kicking off now Shame you couldn't join the investor call - would have helped me explain
Clearly certain individuals have not looked at the bigger picture around Zamsort potential. Its probably Tier 1 scale its the last remaining area of the Lufillian Arc region to be explored with 7 of the many targets in Anglo's original top 10 prioritised targets - Kalumila was 22 and it sold for nearly $300m after drilling. the argument for assets companies didn't want doesn't stack up given the Financial Crisis and plug being pulled from exploration - thats just a cheap shot at deramping buy hey we can all see that anyway
Nice summary EB I should imagine after the Investor Call tomorrow we'll see a lot more chatter as Nick explains just what this means for the company and the exciting drilling campaign starting. Solid hold for me this one as the next 6 months should be fantastic
Cleary you know nothing about the scope of Zamsort then !!! Game Changer
This should rerate on todays news - absolute game changer for the company - the copper/cobalt asset which they now have 60% of is Tier 1 potential - drilling starts now - a few holes - show a major and would expect a JV pretty quickly To my mind with the two gold assets as well we should be looking towards a �30-50m cap this year especially with near term production- around 10p level
A must listen The next major nickel/cobalt company in the making https://youtu.be/lM6F3IrSOYE
quite astonishing isnt it - thats contained metal as well Cerebral15 - given that figure even at a conservative 90% discount valuation you get a $3bn company ok say lets say we discount the value by 99% - 1% =. $300m hmmm thats still around 5X current share price -silly silly silly mcap
Those numbers are wow and far in excess of what was mentioned on the presentation thats over 100% increase in contained #cobalt inventory and around 60% increase in #nickel at Vermelho bringing combined contained nickel at Araguaia and Vermelho to over 3M tonnes contained nickel - serious global nickel /cobalt player
From Advfn looks like Vermelho NI-43-101 resource coming maybee next week https://twitter.com/HorizontePLC/status/992326981642530817
Nice also to see that they are now analysing drill results at Akyanga a 55km gold belt they had three drill rigs turning and looking to increase to over 2m oz - expecting JORC to follow https://twitter.com/ArcMinerals/status/992029909932494848
ARCM twitter tweets, looks like possible action coming on Zamsort as Nick has been out there. The projects is huge https://twitter.com/ArcMinerals/status/992031374390513664 Have started building a decent position here having researched the Zamsort project. All post more info - dont think people realise how big this prospect is copper/cobalt in the Lufilian Arc in one of the last prospecting area next door to Sentinel copper mine producing 200k + tonnes per annum
yes indeed I have been watching the company, seems like some strides forwards are being made, looking forward to results