Member Info for Moneymaker2015

Yeh that’s what I mean, so there’s a potential 21m oz in the Monchegorsk district and then above and beyond the 21m oz there is Volchetundra:

“1. Fedorova Tundra, occurring in the west of the Fedorova Pansky Massif which occurs approximately 100km southwest of the town of Monchegorsk, and was previously operated by Barrick Gold. Potential resources and reserves are c.1.2M oz. of Pt at 0.3 g/t and c. 5.5M oz. of Pd at 0.9 g/t. The Licence is currently suspended. (total of c.6.7M oz)[1]



2. Eastern Pana, also known as Eastern Chuarvy deposit and occurring directly to the east of the Fedorova Tundra deposit and within the Fedorova Pansky Massif. Exploration was carried out by Consolidated Puma, later Bema Gold (acquired by Kinross in 2007). The reserves were approved and the deposit is not currently licensed. The resource and reserve potential is c.220 tons (C2+P1+P2 categories) or 6.4M oz.[2]



3. Western Pana, hosting the Kievey deposit, again occurring in the Fedorova Pansky Massif, and currently unlicensed. The reserves were estimated by AO Pana and funded by Urals Minerals. ?1+?2 PGM reserves are c. 50.8 t. The total potential of the deposit down to 500 m is c. 250 t of PGM. (8M oz)[3]

The total for the above items 1 to 3 is therefore 21M oz.

The Company would also like to highlight further regional potential specifically in the Volchetundra Project, previously operated by the Company under a Joint Venture with Anglo American from 2004 to 2011, and subsequently surrendered to focus on the Monchetundra Project. Volchetundra occurs 5 km from Monchegorsk“

I may be wrong but to me this reads there is 21m oz in Monchegorsk and volchetundra is additional.

Hopefully these increases in gold prices will get us towards 5p before funding news comes in, that would surely make this fly. I know we currently only own 50% and it’s likely this will reduce further with whoever they opt to use for funding but it’s still an absolute bargain at these prices and BV will be able to fund Haneti into production.

Isn’t Volchetundra additional to the 21m oz? I‘m sure I remember reading that the 21m was made up of 3 areas and additional to the three areas they were going to look into Volchetundra again.

Good work! It’s nice to see work has carried on at a good pace.

Previously the company were very good at proving updates and showing videos of progress on site. Unfortunately, with the media blackout these last 12 months everything is being kept hush hush.

Images like this definitely help show us not so tech savvy guys that work is still proceeding.

The 21m oz has intrigued me since they announced it last year. It’s understandable why EUA haven’t applied for any of the areas yet because all of their progress so far has been on gradual increases to licence areas, which has worked very successfully so far. I just don’t understand why other parties haven’t tried obtaining it yet as it falls outside of our exclusive area and is ‘up for grabs’. It would be interesting to see if there are any other applications going through in Monchegorsk at the moment as it could point to a potential bidder.

Bit of nostalgia looking back at the previous application submission dates and receipt of the licences after seeing A1EX’s post:

Wk Licence submitted - 22 Oct 2014

WK Licence received - 06 Oct 2015 (12 months)

MT Licence Submitted - 05 Dec 2017

MT Licence received - 20 Nov 2018 (12 months)

WK Flanks Submitted - Feb 2018

WK Flanks received - 17 Dec 2018 (10 months)

WK Tipil Submitted - 17 June 2019

WK Tipil received - Assumed 06 August 2019 (14 months)

MT Flanks Submitted - 26 Sept 2019

MT Flanks received (likely date) - Sept:Nov

If the Tipil licence has been approved, I’d like to think we’ll get an update next week. Assuming the MT flanks follow suit with rest of the applications, we’ve only got another couple of months and MT will become an absolute monster. Hopefully we’ll submit an application for the additional 5km shortly after.

The original MT licence was the one that baffled me the most at the time. We had all been waiting a very long time for. It dropped and the share price shot up from 0.5p to 1.2p. How it dropped back to below 0.45p I’ll never know considering the potential of the company after that point. Just looking back at those dates I can’t believe how long I’ve actually been here! Was definitely worth holding onto tight though. Exciting times ahead.

Just out of curiosity what are you expecting Fortune to do about the share price?

He’s running the company and doing a very good too. We’re in a profitable position and looking to expand greatly in the future. Granted he could release a dividend but whilst we’re still in a position a growth that isn’t the most sensible of ideas.

I can’t imagine Fortune being too fussed about the current share price either. The company isn’t in need of raising funds, so the share price is only relevant to people looking at selling-up in the near future.

Phimx, you must be very intrigued indeed, writing a message and then still having it playing on your mind 20 minutes later until you sent yet another message about it.

Truthfully though it’s very simple:

1. Do thorough research.
2. Expect to hold for a minimum of 5 years.
3. Spread the risk and try and have a portfolio of at least 10 shares at any given time. If you have £10k, spread it at £1k each and never put all your holding in just 1 or 2 places.

INSP is actually my smallest holding and probably highest risk. It purely comes down ‘if’ the product does get finalised and released on to the market, the company will be worth significantly more than it is now. It’s irrelevant to me if the company goes bust but it would be deemed a missed opportunity if I sold out and then a product came onto the market.

I don’t usually give ‘tips’ out but get yourself away from INSP and take a look at BMN. There’s a very high likelihood that in 5 years time the share price is going to be 5 times more than it is now.

Warren Buffet out...

Chinesewhispers,

Any chance you can share with us the “mathematics” you’ve done that will “see 1p very quickly here”.

If anything they have just confirmed that they are definitely diluting our holding in MED by listing Sloan on the main market. Sorry to be the bearer of bad news but it really isn’t anything ground breaking.

I was actually wondering this a few weeks back when they released the news. All it is doing is diluting our holding in MED. It’s the same situation we’re in with Kat. The only positive I can see is that if future funds are required for MED it would be done through a raise with them rather than through KIBO.

Yes it’s closer to 1.2b shares in issue, not 129m.

You sound like you care a little... Plus, I haven’t posted here since near xmas and even my posts yesterday had no pumping, just purely pointing out that everything that comes out of your mouth is complete drivel. It doesn’t need any pumping, it’s risen all by itself from the lows we had during the heights of Covid-19.

As a side note, with your only goal on the stock market being to be proven right that one day INSP will go under, you seriously need to set your goals higher in life. Get yourself in a position where you don’t care if one of your shares doesn’t make it. Learn from it and then apply it to your future investments. You’ll be a much happier in the long run.

Well that rise was short lived. It’s going down faster than it went up!

...and here’s the other who’s only share appears to be in INSP. I remember you two spouting the same rubbish around Christmas time. Wouldn’t surprise me if you’ve been doing it every day since!

Personally, I would consider myself a balanced investor. At the current moment in time I have a portfolio of around 20 shares and all of them, bar one, are currently in the blue. EUA being the current most profitable as I’ve been in since 0.45p and at the moment it’s sitting somewhere around 18p and is likely to go higher. Even INSP I’m currently sat on over 100% margin. So yes Buffalo, unlike you, the one share wonder, we are balanced investors.

I’ve been in here for about 12 months but don’t post very often. As there isn’t much news flow, you just hear the same drivel coming out of people’s mouths like “there is no product”. I only looked in today because we were near the top of the risers board so was wondering what the fuss was about.

Considering Phimx only posts on this share, you have to question his/her investing capabilities if the only company he/she is only interested in is INSP, with a measly mcap of £2m. To make it worse, all the comments are negative too. Seems like a lot of wasted effort...

I’ve almost given up completely on KIBO now. I’ve just looked in my trading account and out of near 20 companies, every single one is in the blue with the exception of this one. It had great potential but like you say, LC hasn’t achieved anything.

Last year when we got Bordersley, I thought 2020 may have been the turn around. Now the commissioning date has been pushed back significantly and MED are going on the market, so the chances of MED doing much for KIBO now is minimal, much in the same way that KAT has done nothing for us either.

I’ll be leaving the shares in my account just to see what happens in a few years but this is such a dog of a share.

Considering the share price is far lower than it should be, the value of sells is ridiculous. There’s obviously a very large number of traders rather than holders here. Each time there’s even a small rise it’s followed by a mass of sells.

Long term I’m confident this will steadily rise as the BoD are doing a fantastic job but you can tell it’s going to be a bumpy road for the next few years.

Going nowhere but down? I’m no genius but it looks to me like it’s been on a steady rise for the last 3 months...

The full potential here had slipped my mind I must admit.

That 34.79p was based on a average of a 50% risked NPV and the lower value PE, so between 31.87p and 37.7p.

On an un-risked NPV; Im production and all other variables ie price of gold remaining at $1950 throughout, and the upper limit PE. We’re actually looking at between 63.73p and 71.4p. This is also assuming all remaining warrants are exercised.

The above is still assuming we keep a 50% holding too. Just imagine if we obtained 100% and avoided dilution.

There’s obviously still an element of risk involved. My concern is BMV put an offer in that gets knocked back and then we end up waiting ‘x’ amount of months until Southern Gold find another buyer. It may require a raise in order to keep us going for another 12 months. On the flip side, for all we know BMV could potentially be in a position to put an offer in next week and it get agreed immediately.

Uncertain times ahead but the potential rewards are astonishing. Likely 10 bagger from the current share price if you’re happy to hold tight for 3-5 years.

Obviously as always DYOR