Member Info for newlunar

If they can find 10 times more iron like they did with the graphite, we'll all be very very rich in a few years!

Haha, yes I was thinking the same!
Even if you go off the bottom end numbers it's a lot more than was previously estimated.

So if I read it right, they've found 10 times more graphite than was quoted in the Research Note, and it's higher quality?

Right then, I'm a happy chappy!!

Share price goes down.
Cry babies do what they do best.

On a couple of occasions in the past I have asked my nominee how I intend to vote and they have done as instructed.

I was mainly concerned with the 15billion number. I don't want investors thinking that it's worth anywhere near that when it's not based on what we currently know.

Sorry to spoil the fun but it's nowhere near that value.
For starters what percentage of the 250,000 is actually graphite? The previous estimate was 20%:

"Bernard and Strache in 1916 estimated a resource of 200,000 to 495,000 tonnes at
an average grade of 20% graphite"

Of that 28% is jumbo or super jumbo size.

Then it costs an awful lot to turn it into the spherical type needed for EV batteries, hence why it's expensive.

So we're looking at a tiny fraction of your calculation. Sorry.

Elir has some numbers which are more accurate, but I believe he uses 250,000 @ 100% graphite.

If you want big numbers work out how much Iron Alba are sitting on.

What is your agenda Mister?

Yep this RNS is good. If people feel disappointed or just deramping, don't. The purpose of this was to find where gold is, not dig it out.

Now we know there is gold for sure, at a later stage they can go in with the big drills and pull the gold out. Then we'll be looking at some nice numbers.

I just wish it was moving at a faster rate so we can get selling the gold.

At this rate ST will be back here later today...

Omg. How dare the share price go up without news. George needs to pull his finger out and release some news ASAP to reflect this change in share price. Not happy with alba one bit.

What's the chance Alba bought it so George can show us he found Welsh gold in the next vox interview :)

What would you like them to say? There's more sells than buys?

It's trading, shares go up and and down. Just because they do. No one argues when the share price goes up for no reason.

So negative.... It jumped to 0.27 just before that and now we're back at 0.26

The share price is going to drop much more now that I've just topped up. :)

Yeah, well mines bigger than yours. So nerr.

"Alba party" , of all the names they could have chosen...

25k? That's around 20 times the gold value.
Good time to sell really before alba starts doing the same.

Bernard and Strache in 1916 estimated a resource of 200,000 to 495,000 tonnes at an average grade of 20% graphite based upon surface and underground mapping and trenching work, although this is unlikely to be based upon any drill core results. A “Review of potential resource critical minerals in Greenland – MiMa report” in 2016 by Bo M. Stensgaard, Henrik Stendal, Per Kalvig and Karen Hanghøj estimates the
original ore body at Amitsoq is around 250,000 tonnes of graphite.

Recent & Near-Term Alba Developments.

Results from a metallurgical testwork programme in October 2019 showed that saleable and high-grade graphite could be produced, with a 97.3% total graphite content. Furthermore, some 36% of the refined product consisted of large, jumbo and super jumbo-sized flakes (Fig 5) which command a premium price.

Is it 250,000 t or is it 250,000 t at 20% grade?