Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
JCEP and Spank - completely agree; great management is the absolute Number 1 must have in the nanocap market, especially in mining. And we’ve got it here
Excellent interview. Multiple offtake MOUs likely to be announced in the next 1-4 months. In discussions to partner with a Chinese company to build an SPG plant in Uganda. DFS largely on track, might run over a month or two because of the need to incorporate the SPG plant. Hoping to get opex down from $500/t to $400. Pilot plant is so that we get the reality of operating nailed down before we have an $80m capex operation and commensurate loan repayments and wage bill. This is very sensible.
What do you mean “can’t even”? This company has been a model of progress and delivery. And you pick on the one thing that is delayed, which, by the way, is in the hands of the regulator, not the company
The reported spread takes into account the price associated with buying and selling large amounts. So the fact that one can buy a relatively small amount nearer the middle is not really an answer to the point. Anyway, apologies for what was ultimately a pointless whinge. Such issues will become irrelevant as the company continues to deliver this world class project
Ashamed*
What an utterly appalling spread, the MMs should be assumed of themselves. Despite the spread, upward momentum looking good
Well there goes the financing concern. Brilliant news, well done Colin and board. Feeling v positive for the rest of the year
Well that would be very nice
Where did you hear that about Jan/feb 2025?
There’s almost never a comment on this board, on anything. But no, there’s nothing bad in there that I could see and no imminent placing concern
Spank, I remember that interview and I think what Mike actually said was that initially the DFC weren’t interested in Orom Cross because of Blencowe’s plan to work partly with China, at least in the short term, but that he then convinced them that with a potential 100 year mine life it really doesn’t matter very much who the company works with at the start in order to get up and running. So I think the DFC are resigned to some Chinese offtake and relationships at the outset here, hopefully alongside Korean offtake. As for using Chinese expertise for an SPG operation, I can’t see why that would be objectionable as long as BRES has control of the plant
Https://investingstrategy.co.uk/mining/investing-strategy-the-african-pioneer-edit/
A quick look at the chart for anyone interested:
https://x.com/metalhead2525/status/1775065279019520045?s=46&t=Jne_cUYLxmaxpafySDDQ2A
I really can’t see Andrada being interested in TVM: they have an absolute monster of a resource of their own, and more than enough work to do developing and expanding their own operation.
Still, the RNS does confirm that Dennis is talking to a potential new buyer of TVM, which would be a very positive development in my view
What the f are you on about?
It’s quite clearly a positive update showing that we are still on track for two revenue streams in the next two months
Great news that FQ have exercised on the remaining two licences. With it being nearly a month after the nominal deadline, I had rather come to the conclusion that they were not exercising. So a very nice surprise today.
Now looking forward to the next exploration update which can’t be far away.
Is this the “DFS”? And if so, why isn’t it called a DFS?
Admittedly I’ve only glanced at the long RNS so if the answer is in there I apologise for wasting time here
Nice map. You’d have to say based on that that AFP have the best of the licences. We also have a major exploring for us!
Can’t see that he could be less positive about the AFP licences - those licenses and the early exploration success there are the whole reason why Colin has caused XTR and GLR to tie up land in NW Zambia
Markie, yes the $2m is for the DFS but that is the company’s sole current activity. The funding statements to which you refer appear in every single set of financial reports published by every single pre revenue explorer/mine developer. The difference here is we have $5m of known funding and, we’re told, several opportunities to obtain further funding from partners/offtakers