Member Info for Nicks1981

I wouldn’t be surprised if it gets to $2. Multiple RNS’, commodity boom, 12th largest nickel resource, low Capex, low opex

Zeb is sulfide resource which is more climate friendly than laterite which is majority of the worlds nickel resource

In addition, preliminary tests suggest 80% recovery from acid leaching, which is also more environmentally friendly than traditional mining.

Given this is also a bucket and spade type mining operation, it further improves the ESG situation

I would argue that all the majors in the local area would be interested in Zeb purely to reduce their carbon emissions per tonne produced

Environmental report will come through very soon

Drill results will also come through very soon

I’m expecting multiple rns’

I have pinned some research slides to the telegram group if anyone is interested.

https://**************bKLX06d-k2RkNmY0

If there are spreadex positions closing it is because it’s end of the month and Spreadex want higher margins

Aussies were in severe lockdown for two months, give them a break. And SP held up pretty well all things considered.

I see this as a positive - expediting drilling. These drills can do a lot of work in a week or so

I would expect an update relatively quickly

The co did this in 2017. They waited until the last day to notify the market of a new nomad.

Logically it shouldn’t take more than 2 weeks to find a nomad, it’s relatively easy

From a technical perspective, price action has tapped the bottom of the trend all week. That’s good! Means we can start to rise now that liquidity comes back to the market.

A couple of positive RNS’ and we will rise relatively quickly

There haven’t been any significant developments from a financial results perspective...that’s factual.

The PSC extension wouldn’t affect the financial results!

I think we all need to relax. The PSC will be extended and we will see some positive price action in the coming weeks

“Sufficient quantities” refers to the fact a mercuria will assess the grade, send the information to the receiving plant, the plant inform mercuria of the quantity required to make it efficient processing, then mercuria pass that info on the VAST so that they can meet the requirements.

150 tonnes per day is the current target. That’s probably 150 “carriages” full of rock, so not exactly difficult as they filled two carriages in the recent twitter video

Technically speaking, we wanted to see the SP test 0.19 again. Price action was floating around mid of the trading range. It’s spent two/three days testing the low of this range. Note SP always drops at this stage of the month in anticipation of small placing for atlas. Once that’s done (hopefully not done this month), price will rise.

What would be great is to see a rise followed by an RNS confirming production targets being met to kick SP up a bit more, then drop an RNS re primary finance to kick it in to the next trading range starting September...

My pleasure.

https://docs.google.com/document/u/0/d/1-ikgyVDykX_emTT729S6XJk0au-wxaS3HrRrEflXv1c/mobilebasic

Avannaa previously owned the Disko and Kangerluarsuk licences alongside licences in Jameson Land. They had an exploration agreement with Anglo which includes a 55% interest in Jameson land and any other additional properties...Anglo were interested in copper. Jameson land is similar resource to Disko.

“ Avannaa’s partnership with Anglo American covers its Jameson Land assets, which have potential for sedimentary hosted copper. The area contains many known copper and other base metal mineralisations found mainly in Permo-Triassic rocks. For its part Anglo American has the option to earn 55 percent interest in Avannaa’s existing exploration licence, as well as any additional properties that the parties choose to jointly explore within an Area of Interest comprising southern and central Jameson Land, and wholly outside of the National Park area, by expenditure of $15 million over a five year period. To date the East Greenland rocks, comprising approximately 2,500 square kilometres within the Area of Interest, remain under-explored.”

https://www.bus-ex.com/index.php/article/avannaa-resources

Maybe Jay reopened discussions with Anglo when they acquired the licences.

I see it as a good thing - Prevents “gapping up” and volatile price movements

I believe the minimum they are targeting is 200,000tpa next year.

Agree

The final results are good.

Sales are in line with plan - 50kpa. Further cost reductions and implied growth in sales given the significant investment in infrastructure, particularly with licence approval to sell much larger quantities of product.

Financial results are up to Year End being 30th June 2019. This doesn’t include Sales etc.

Let’s not forget the cash raise at 18p before all of the positive steps forward

This should be pushing back up to the teens. Await the Santa rally

Main issue historically as declaring sales and not seeing the money come through in the same time period.

Given sales period is between Q3/4 maybe they are waiting for cash to come through before reporting?

No matter what industry to operate in, normally there is a lag between sale and money coming through

They will be upgrading resource. The only issue was the well didn’t flow due to mud but it was never meant to flow, it was meant to prove resource which it has done

Block2a has “several multi tcf prospects”.
My prediction is over 5tcf. Given they are negotiating a PSC I doubt they will promote the resource until its signed. And given this isn’t the type of asset they were targeting, yet still perusing it, I would assume they will look for a farm in partner ——which implies it’s massive because majors won’t consider it economical unless it is massive

As for mako - estimates depth was 7m, and its 10m. I suspect it’s a lot bigger than predicted