Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Unfortunately, I now realised that I have been mixing up the two projects Hope and Mankayan. Looks like I will need to reign back on my enthusiasm for imminent shareprice movement. Still, BZT have fantastic copper and gold assets so hopefully I or my family will benefit in the longer term. GLA
Update on projects - Executive Chairman stated
"Update on the Hope and Gorob project in Namibia
The Company has received the final draft of a revised mineral resource statement in relation to the Hope and Gorob project from Addison Mining Services and is working with Addison Mining Services on an announcement regarding the revised mineral resource statement which it anticipates announcing shortly."
"Shortly" guess it must mean news for next week then. Would not want to be out of this over the weekend!
Someone posted this on another board and I am applying the theory to BZT.
"The best way to make money on the markets is to find the opportunities where there is a value disconnect and build a holding, sit, and wait. Intrinsic value always outs in the end".
Got the holding I can afford, however, I'm thinking if the commodities boom has not started by Q1 2024 my patience will have run out!
Reading this from October 2018 is a reminder that my very modest investment in BZT is not completely futile. HOPE and hope GLA
https://www.mining-journal.com/resourcestocks-company-profiles/resourcestocks/1349900/bezants-mankayan-back-in-copper-gold-spotlight
Mr T
I recall your drinks wager with Smiler 'BZT reaches 1p before UFO reaches 5p (down from 10p) haha! Well BZT is now 0.030p and UFO in 0.188p - lets see where we are in 2024.
Didn't Colin Bird once say £10k in BZT would be a good 'investment' (or words to that effect)? Hmm
Fact is that all junior mining explorers are waiting to benefit from the next precious metals prices boom something which has been forecast to start 'soon' since late 2022. I am taking a punt that it could it be March 2024 and I might as well be in BZT at a rock bottom share price as any other 'bombed out' mining company.
Sincerely hope your patience will be rewarded. GLA in BZT.
Hi MrT, I sold BZT at a loss in February 2021 (after switching from UFO). I have decided to have another go with BZT and bought shares today. Fingers crossed that as a first step that the licence gets approved soon. ATB MrE
It was a question of where to look ; thanks for the replies. Of course the Wyloo and other options and warrants 352,620,000 @ 10.0p! I was mis-thinking about possible outstanding warrants from earlier fund raises doh!
@Joey2024 NOT billions of warrants outstanding as you stated on 16th June 2023.
I came across this statement in a post from 16 June 2023 on another board:
GGP "They have billions warrants still to be exercised"
Of course there are millions (not billions) of share options and performance rights to be exercised but I am not aware of outstanding warrants (after the block listings in 2021) .
Does anyone know if there are outstanding warrants?
"Consolidation will mean the SP is higher regardless"
Yes, after consolidation looking back the height of the first sweet spot will shown as a higher figure than 38p. By the time of production we want the share price for the second sweet spot to be higher than that revised figure.
eg 1 for 10 consolidation
First wave 38p x 3.42bn = £1.3bn consolidation becomes £3.80 x 342m = £1.3b
Now 7p x say 6bn = £420m consolidation becomes 70p x 600m = £420m
Second wave share price needs to rise minium from 70p to £3.80 : £3.80 x 600m = £2.28bn
Is a £2.28bn (or higher) GGP market cap feasible by 2024-25 (gold production) - your call!
Setting aside consolidation, I understand the point made and that's why we had discussions over further funding and whether it would be (sufficiently) accretive to reach nirvana for everyone who bought up to 38p. If "the real money is made in the second wave" to me that suggests 38p should be surpassed.
You can't mess around with the Lassonde Curve. You see, we heard about the Lassonde Curve in 2020 (but not the video referring to the sweet spots). In fact there was a suggestion back then that we might jump the gap between the from first to second second wave when we were mislead into believing that the early drilling from Scallywag was leading us to a second bonanza! The second wave is linked to actual gold production and not exploration. But we can always hope that GGP is the exception to the rule!