Member Info for Mullins58

Sit back and smile !

We have a discussion Board !

Safeyman, thanks for your post. The next update in August will hopefully give us a better indication of what to expect for the remainder of the year. Personally I think the company will achieve the guidance they have projected and may even exceed. ATB

GIT, the update in August will presumably give us the figures on the concentrate achieved using the better quality material ?

GIT, understood, but will we not be producing a higher grade from now on ?

GIT , 25% of 110 tones = 27.5 tons of Tin current price $34k per ton = $935, 000 am I missing something ?

http://www.asianmetal.com/TungstenPrice/Tungsten.html

a waiting game. ATB

https://www.reuters.com/business/energy/copper-price-boost-perus-socialist-swerve-worries-miners-2021-04-20/

GIT, Hope all is well. On the basis of your recalculation of 1/3rd 1/4 production of 350 tons , what is your estimate of the revenue on a 75/25 split between tungsten and tin ? Your thoughts would be welcome. ATB

https://markets.businessinsider.com/commodities/tin-price

Greenland Spin-Out IPO

As reported on 20 May 2021, the Company intends to divest its assets in Greenland, namely the Amitsoq, TBS, Melville Bay and Inglefield Projects (the "Greenland Projects"), into a separate vehicle ("New Listco") which will, subject to regulatory approval, seek to be admitted to trading on AIM (the "Spin-Out Transaction"). New Listco will acquire the Greenland Projects from Alba for shares, and simultaneously with the listing New Listco will undertake an Initial Public Offering ("IPO") fundraising to secure the necessary working capital to fast-track the development of the Greenland Projects.

The Alba Board believes that moving the Greenland Projects into a new listed vehicle will allow the market to set a stand-alone and, Alba believes, materially greater value for those assets than will be possible within Alba's currently diversified portfolio. As part of the Spin-Out Transaction, Alba will receive New Listco shares valued on IPO at approximately £6 million, resulting in Alba becoming the majority shareholder of New Listco.

More information will be provided about the Spin-Out Transaction as it progresses.

https://www.londonstockexchange.com/news-article/ALBA/update-on-tbs-drilling-and-greenland-spin-out-ipo/15064985?showDisclaimer=true

Will we get a Gusher ? only time will tell. News soon. ATB

Alba's Executive Chairman, George Frangeskides, commented:

"The key objective of this second phase of surface drilling at Clogau-St David's was to prove up the continuity of the Main Lode Extension we had identified during the drilling at the end of last year. We have now delivered emphatically on that aim, by intersecting the Main Lode Extension on every one of the 10 holes we have drilled in this phase. We are now projecting the Main Lode Extension to have a strike extent of 585 m and a depth extent of up to 63 m. This is shaping up to be a significant target."

"As we approach the end of this phase of drilling, we will be focusing next on a detailed technical and engineering evaluation of the most efficient access routes to the key gold targets we have identified through our drilling, namely the Llechfraith Lode, Main Lode Extension, Grandfathers Extension and 7-10 Extension."

https://www.londonstockexchange.com/news-article/ALBA/clogau-update-phase-2-surface-drilling-completed/15063221

https://markets.businessinsider.com/commodities/tin-price

HfO, thanks for posting, very positive. ATB

HfO, thanks for posting, very positive. ATB

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