Member Info for Metalhead25

Nice big buy registered today. Tempting to wonder if they know something to put that much in, in one go. But who knows!

Ah Jim, the closest we have to a troll but, happily, can’t be bothered with more than a sentence every couple of weeks

Every time Scott does an interview on the nickel projects he talks about how the company is progressing the strategy which they set out some time back. It’s hard to argue with that - they are indeed doing what they said they’d do - so it’s a well done from me

Yes, I should think there’s a decent chance this comes back to us now. Notable that we have 90% of the LVR licences and POW have 90% of Molopo. Splitting both 90% interests 50/50 with Kav as the operator might seem attractive to all concerned. But who knows!

Ella, great spot that POW have brought precious metals into the conversation. Interesting…

Pyrite sure does look like gold, doesn’t it!

20% down is ludicrous. The whole Ditau project represents less than 20% of any realistic valuation of the company!

It doesn’t look like carbonatite to me, but the company also has an alternative base metals theory (not new)

Either they actually don’t have a clue or they do have a clue from xrf but have learned their lesson from the previous drilling at Ditau and are keeping quiet while immediately banging the core out to the lab

Feeling really good about the nickel assets. Clearly there is still work to do in terms of permitting and finance but there are plenty of companies for which that’s true and yet they’re valued much higher. Take Phoenix Copper (PXC) for example. Much smaller resource than us; not permitted; not financed. Market cap £60m. Yes their project is in the US, but even so, should we really be valued 12 times lower? Clearly not. And that’s without factoring in the flexible grid business. We are absurdly undervalued and that will be rectified at some point. The longer we wait, the more dramatic it will be. As long as the board don’t bum up the management side in the meantime, but I see no reason to be fearful of that - they’ve delivered so far in my time here

I make it $23.6 bn for the Wowo nickel (plus cobalt plus Mambare of course). Suspect align have a typo

The resource estimate has gone down a bit from the previous one, but crucially it is now JORC 2012 compliant which means it will be accepted for planning, permitting and funding purposes. It’s a major step forward.

The RNS also highlights that we got a great deal on Wowo insofar as we have been able to get to a JORC resource without spending money doing any drilling of our own - just capitalising on existing work

F79, yes, Ben mentioned in a recent interview that in an ideal world it would be great to put a single drill through a Karoo sulphide target and then just keep drilling on to the IOCG target. But we’ll see whether that’s possible

There was copper in the core from hole 3 - you remember that photo of the bleb that was pinned on Kav’s twitter for ages

But doesn’t today’s RNS indicate Align making a positive bet on the share price?

Hi all

Here is an interesting and mercifully short article on IOCG deposits, for those up for a bit of weekend reading: https://www.tandfonline.com/doi/pdf/10.1071/ASEG2012ab278

A few points which seemed to me to be of interest:

- The article refers to the range of gravity anomaly values for the IOCG deposits discussed, suggesting that Olympic Dam has a particularly large gravity value at 17mGal. Our gravity value at the GRS is a whopping 30mGal. I wonder whether it’s too simplistic to hope that this is supportive of our deposit, if we have one, potentially being even larger than OD. I’m sure there are other possible explanations for our particularly high gravity reading but, since OD’s figure is at the top end of the range discussed in the article, it seems likely that high is good in this context.

- The article also refers to the range of magnetic values for the IOCG deposits discussed, mentioning OD as having a relatively low value at 1000 nano teslas, while other deposits have up to 7000. We have 2250 at the GRS, so again more than at OD.

- The article mentions that gravity readings are not much affected by the depth of the source whereas magnetic readings can ‘attenuate exponentially’ with depth. Since the GRS target is rather deep, I wonder whether our magnetic reading is artificially suppressed and may be higher “at source”.

Very quiet across all my metals stocks today. Think people are waiting to see if the drop is over. A steady day today could mean a bounce next week imo

I’m very happy to back Ben in this. Having been in this company a while, I feel very confident that he is an honest guy trying to do things right. He may make mistakes from time to time (everyone does) but I don’t doubt he’s trying his best for us. In my opinion, being a good person is actually quite hard to fake. You send Ben a message on twitter, you get a decent reply. It’s a stark contrast to the bad ones who at the end of the day can’t be f@&cking arsed and can’t be f@&cking arsed disguising it either.

Proper good news here today. We really should be back over 50 for starters but might just need the market to give us a bit of a break first

I’m sure this happens all the time but I’ve never before seen a CEO not only acknowledge it but say publicly that he’s not standing for it and will root them out. Hopefully they’ll quickly conclude that it’s not worth it (since basically every other company would be an easier target)