Member Info for miker444

All fast asleep, so hopefully a few trades in the pipeline 'tomorrow' after the number one newspaper world class headline filters through ready for when we wake up, keeps the momentum.

atb

That's a better headline surely lol

Would rther it be Rio Tinto, when you see the paltrey £2.5m orso that they offered Orosur (OMI) they will want it on the cheap, even that sent OMI from under 2p to 11p before dropping back a little.

A JV with Rio, even 20% will send us into orbit MarCap alone, as Tiburn said yesteray the copper alone at just 0.6% average would give street value of circa £18bn, I woud like 25% of that thank you very much. Thats without the gold, all 275m at 5.77 g/t equivalent.

Let it be Rio please.

deposit that is the question, we already have several million oz's from the exceptional grades, 275m @5.77 g/t as well as 1st hole 121m @2.93g/t.

Looks like we will be in double figures, >10m oz's. Tiburn any calcs possible or too early.

Still on track, steady as she goes.

Still on track, steady as she goes, also Bunga mas news before 31st Dec.
atb

Hi aandi, I believe the 650m tonnes was a figure actually given in a past RNS as was the 240m cubic metres so not making a point whatsoever but agree with both you and Tiburn that the potential figures are enormous, whichever you use.
Even at just 1g/t average then 650m grammes is equal to 20m oz's, just 2g/t average would be 40m oz's and so on.
With the bonanza grades and more importantly 121 meters @2.93 g/t the average does look well in excess of 1g/t.
Fingers crossed, this is without any copper or other rare minerals by the way.
atb

I think its important to remember that part of the objective with the ongoing 10 holes at Havieron is also to confirm the direction of the strike, so whilst HAD005 looks really promising with 239m of visible mineralisation it is possible that 2 or 3 holes will 'miss' the direction and have to do so in order to eliminate / prove up just where the strike continues in its path.
I think GH / CB will be relatively quiet on the remaining holes until most have been drilled knowing some will have to fail and those that do are, in a strange way, just as important for the final outcome.

looking to put a negative spin I suggest it is a lost cause at 0.75p, this is as low as you are likely to see it, ever again.
So come on board while you can.

Make that £13.02 Cash and equity from June 30th Half Year Report so stand corected, its still allows a lot more investment when this only cost us 3 million in comparison to the NPV.

But again 72% chance of success looks as though it is as derisked as it possibly can be. I will certainly be adding as and when funds become available.

atb

Chance of success, that is extremely high, never seen a figure anywhere near that high, also looks like a much bigger play and of course with the £18m or so cash in the bank then S&S can do deals such as this and lots more also.
Once they start monetisation / planned exit strategy of the deals then the sp will be unrecognisable from where we are now.
2019 should be a huge year for RBD.

atb

From Apr 11 RNS it states that a drilling campaign is scheduled for Q4 2018 following the results of the 3DIP Survey and if succesful may be brought forward if ground conditions are suitable.

Therefore, as it is Nov 01st tomorrow surely the 3DIP results are now due if the drilling is still expected to take place in Q4. GH looking for 1m oz's so whilst not earth shattering could that be fast tracked for monetisation purposes / funding of the bigger projects, namely, Havieron/Black Hills/Paterson.

Boom I think your last 5 words hit the nail on the head, I think mm's will not react until there is an official RNS stating Colter approval, until then it is not confirmed and won't / can't be factored in. Appreciate we have seen Sep 18th notice but its not yet official (to the mm's at least).

atb

For me if we get an extension of the Bunga mas PSC license (deadline 31st Dec) that will be my Xmas bonus. It may not send sp into orbit on that news alone but it does mean we are still on track for a potential game changer futher down the line.
Colter is a done deal, just now depends on a successful drill. Badger not a certainty but potentially largest unexplored gas find in N Sea in recent times, all to look forward to.
atb

greendave hi mate, the calcs that Boom123 has put forward are correct, if succesful of course, for ease of reference if you go to the RBD ( Reabold Resources ) website and look at their projects dropdown it gives the NPV values of Colter (RBD have 17%) and they are quoting a net value of $132m with oil at just $55. There is a sliding scale of what NPV are with oil at $80 and it actually increases it by two - thirds, yes 66% as opposed to oil at $55.

Therefore as ADL has almost half of RBD's 17% stake (8%) we should see $100m if succesful. I know you are a genuine investor so not talking down to you and these figures do seem fantasy when compared to current MarCap but they are very much real.

As Boom says add in any success from Bunga mas or Badger then we could have a game changing scenario for those invested here, in fact for those that hold several million or more Colter could do that on its own.

atb mate

Thanks Jace, considering current MarCap that could be a game changer. Difficult to second guess the chances of getting the license extension but fingers crossed.

atb

correct me if I a wrong as I am not as knowledgable in ADL as many here but are we not also due confirmation of the Bunga mas PSC extension by Dec 31st (going from memory) if so and if it is agreed then more good news in the pipeline, actually that would be big news and obviously that is the deadline so perhaps a bit earlier in time for Xmas!

atb

Yes, bottom of Page 6 Jonathan Ward states no valid reasons for objection and gives consent or words to that effect.

atb

Hi Boom, yes that's how I read it, bottom of Page 6 ( as you have incl in your post ) Jonathan Ward does state that he sees no valid reasons for objection and agrees to consent blah blah.

atb mate

The beauty of having 32.9% interest in Corallian is whatever deals / farms in they do we get a slice by default, doesn't cost us a penny, now tell me Steve & Sachin are not savvy.