Member Info for ontarget

If you are really interested in the Lassonde curve then why not have a read of this: https://medium.com/@Elliven60/navigating-the-lassonde-curve-developing-your-investment-thesis-267c6d6f443d

Particularly the bit where it says "Both X and Y axes are arbitrary in values. The X axis indicates time. In this context one should think of it in terms of years. Exploration takes as long as it takes. That being said, if one hasn’t found something within three to five years, it’s time to find a new project, or a new geological model. The rest very much depends on the deposit, the economic environment at the time and of course, the jurisdiction. Some will see much faster progress from discovery to production than others."

Addicknt - I didn't hear them say anything about what would be their preferred option, just that all options were open and will be assessed with the PFS. The preferred choice would come out of that.

Utter rubbish about 'Lassonde curve' etc. Why not do some research into this particular company instead of looking for 'rules of thumb' because you can't be bothered.

Yes they said an RNS will full schedule for PFS will be released 'soon'.

It won't take anywhere near 2-3 years even if for some reason they can only use 1 drill rig. They said the infil drilling is the critical path for the PFS.

Personally I can't see them trucking >600kt/annum of ore around cornwall or oversees so expect there will be at least some processing on site (and ideally all of it imo). But pre-sorting/concentrating at least will drastically reduce the amount of material that needs to be transported anywhere.

No that wasn't my impression - they said they will be considering all options including an option to pre-concentrate the ore on site and then do the final processing stages elsewhere. International as well as local processing options were mentioned.

They will be looking at these options as part of the PFS.

Hopefully they'll use better wording when they release their new fair value note.

I think quoting APT price as /t instead of /mtu is just as bad though, which they have consistently done.

Got loads here as well. A bit of supply seems to have appeared this morning with c.600k available under 1.55p despite the earlier buys.

*modesty

$2800/mtu vs the $1200 used in today's NPV. Got to love the modestness of the Redmoor team.

I thought he/she predicted they would be mothballing the project?

"Novicehunter" - think you need to have a look in the mirror mate, this is novice level deramping.

Even RalphB1 was better!

Well done you Brad, I wasn't criticising your effort (although if I was posting AI output I would label it as such), but expressing surprise at the fact apparently people don't recognise it. That for me is concerning for the future of humanity.

It wasn't meant as a negative, just surprised at posters saying things like "excellent summary", "agree with your logic" etc. as though you wrote it yourself.

Not sure if that was a reply to my post or not, but SML is mainly about tungsten, altough the deposit does have tin and other metals.

Anyway back to GWMO.

Do people not recognise AI output when they see it?

Just to correct you on SML flabberghast, they didn't start drilling from scratch 8 months ago, it's been going for years - they already had a substantial MRE from 2019 - the drilling last year was to expand that.

Why is everyone assuming Coffey is the 'prominent international investor'? Surely there are others?

If the news on Thursday is indeed very, very good (and I think it will be) then expect this to be marked up significantly at open. You'd be very lucky indeed to be able to buy at tomorrow's closing price.

Cannot square a 25% increase with the inflation data for Namibia which was around 3.5% last year

https://tradingeconomics.com/namibia/inflation-cpi