Member Info for Northman1

Its difficult to give a valuation really. based on 50.000oz a year 5 year mine life at 600$ ASIC then yes I would think 60 to 80 million. The problem is we have quite a few unknown. Its blooming obvious that our resources are far far higher than the 600oz we have and that's just Homase resource let alone the second mine. so what value do we put on those maybe not so much now but I can see at least the Homase resource being expanded relatively soon so this should lead to continued share price growth before we even get onto the other mine at which point, who knows.

Have we bought all the land yet? last I heard we were still missing a bit

great tip that Welloil, I've not noticed that before but interesting trick for them to play on people. will keep an eye out for that in the future

Gosh someones made a nice slice on those warrants

There's a lot of big/huge trades going on today/yesterday both directions, somethings going on. Have we hit institutions watch lists or something.

ignore me should have read the website better, Q3 for the Zinc lead and vanadium sometime after that apparently. As Nelson mentioned be amazing PR if we can cleanup one of the the most polluted cities on the planet, while making money

I was wondering about the other circuits at Sable for processing the Kabwe tailings themselves. Have we got timelines on these coming on stream. The copper seems to have taken over somewhat but assume these are still being built in the background?

Finally! they bother to explain why their ASIC this quarter is so high. Was that so much to ask with previous RNS's. Obviously not a dazzling performance but we weren't expecting it to be. Q2 will be the interest quarter this year.
Things that would be nice in the short term:
Mine life extension
New mine permit in Guinea
reduction in ASIC in Q2
debt payments completed in Q2 and cash balance increase in line with this and the reduction in ASIC

These could be a while yet they have never been exactly prompt with them.
My main issue here is they need to get the ASIC under control. I don't think they have ever made the project forecast of $790 an oz it's been lucky that the gold price has strengthened so much over the last couple of years or we'd be i a proper pickle.
I was disappointed last year after one quarters free cash of 8 mil disappeared into inventory which I assumed was stockpiling due to Covid. However this didn't reduce costs in the following quarters what I presumed would use this stockpile.
At the end of the day we are debt free so I expect to see our cash in the bank increase substantially quarter on quarter (less drilling capex) from now onwards until we either see some sort of divi or capex on the Guinea project, otherwise we should all be asking where this money is going.
Overjoyed someone else is now handling Dugbe as we clearly weren't going to do anything with it and frankly based on performance on the relatively straight forward Yanfolila management would probably have messed it up with a more complex project.

I say this a depressed share holder but just to check I'm not totally losing my marbles the plan for this mine was 2700 tons a year of tungsten concentrate wasn't it? and we're currently doing between 40 and 70 a quarter at the moment?

Somethings going on that's for sure, though not having a particularly big affect on price.

Anyone for a sweep stake on when Q1 results will be released

Gosh reached the heady heights of just 55% down for a day there, I felt quite faint.

Are we basically stuck now till they get their finger out and finish the PFS?

Not bothered looking at this for a while as 90% down and written it off pretty much but was wondering when they were due to finishing the Gas connection works? I've kind of given up hope of the weald stuff.

Those rock cores really are beautiful to look at Awax

Is this Equipment required to start pumping the gas from the existing wells, or is this to purchase the equipment we are currently renting? I've obviously missed some information somewhere. I thought they had already raised the money required to get us moving the gas but maybe that was just the cost of the pipework and re-connection?

Great RNS, north we go hopefully.
I think they have the wrong description on some of the tables though should be 000000's not 000's (i.e millions not thousands going by position of the decimal place on the amount fields)

At this rate it'll be back at what I bought it for a couple of years ago

GGp has been overvalued for ages I appreciate some decent drills results though these are deep but no jorcresources as yet but somehow billion marketcap, don't get it. will look a bit daft if turns out to be just 1-2 Moz

Does anyone know the status of the zinc/lead circuits at Sable. I noticed the mess that is Kabwe from a pollution point of view made the BBC again the other week, just wondering if progress had been made with these circuits and can't seem to find anything in recent presentation etc.
Do we have a cobalt circuit in Zambia?