Tertiary - KOBOLD JV @Konkola West: "Drilling in progress & potential to deliver TRANSFORMATIONAL results for the co. Quote by Chairman/CEO of TYM, 2May 2024 RNS.11 May 2024 13:06
SeisNav
Let's begin a new chapter of co-operation with all on this forum as everyone has something to contribute, share & post as investors. Thank you for the new info that ANGLO AMERICAN KONKOLA WEST @8holes drilled & 5.3MT of copper @0.76% at 240m ,av 5.5m thick but not tested for cobalt, is ===NORTH ===of TYM/KOBOLD JV @KONKOLA WEST licence.
My Hypothesis: Exploration for metals is NOT 100% WILD CAT as one thinks but rather a science of looking for pathfinder metals, soil sampling, geophysical etc. One is now told by TYM that KOBOLD DID THE INTERPRETATION of the geophysics and Kobold AI looks for DEEPER deposits [BHP and Ivanhoe Electric has just ann a JV to do exactly that in S.W. USA using Al]. So, it now appears what TYM CONFIRMED on Twitter to a question about LOWER ROAN and deeper , that this is correct. Why? IF ANGLO AMERICAN via sub ZAMANGLO drilled the Lower Roan [TYM said that is where the COPPER is found in this formation], then WHAT DID KOBOLD find from SURFACE TO 240m? It is also clear that Anglo at the time did not have advanced AL and therefore, they did NOT do what Kobold did at @MINGOMBA ie Luashme Extension discovery which was deeper. Since TYM/KOBOLD KONKOLA WEST IS 1.2 miles or 2km from KOBOLD'S MEGA DEEP COPPER DISCOVERY, now the QUESTION is whether TYM/KOBOLD will ALSO HIT copper at deeper levels up to 1,000-1200m 1st time? From some cals of roughly 150m per 8-9 days, Kobold should be at 450m this weekend or shortly give and take. I also note that those PICS of Cheetham kneeling in front of 3 cores only against a background of the rig industry style with partners was on 24.4.24 TYM RNS and IT WAS STATED 150M reached and two more updates since via RNS & Twitter pics but not the same as on 24.4.24.
Cut to the chase: There now appears that TYM/KOBOLD JV would need to report on the LOWER ROAN as well ie up to 240m depth drilling and heading to the 700m mark where the STRATIGRAPHY DRILL at NW Konkola West , near the gabbo hit chalo, bornite etc. In the CPR of Caledonian , I recall the Geo stated the results were ECONOMIC and if he is talking of Anglo American at Konkola West, yes, in theory, a large strike with a surface deposit is "economic" given cut-off is no longer as challenging with the price of copper up and in supply deficit. SO, HANG ON TO OWN'S CHAIR. I am quite sure that normal industry practice has to be undertaken ie XRF readings if any.
SeisNav: Are you surprised at the +25% on Thur and +14% on this Fri for TYM making a total of 39% within 2 days of trading and taking the mkt cap from £2.45m @0.09p to £3.16m mkt cap @0.12p. So, IT PAYS TO RESEARCH before data comes out. Well, it has to do with MKT CAP and that there are MORE LICENCES for TYM Zambia which in the RNS was stated to be "EXCITING". In earlier times of Solgold, mkt cap was £8m BEFORE drilling could even start at Cascabel and that is history now. Anyone starting an AIM co must now start at £6m per the rules. So, a no brain