Member Info for ontarget

No, APT is priced in mtu which is 10kg, so you need to multiply that by 100.

I think beginner traders and those who haven't done any serious reading on TA love it because it appears to be simple and apparently tells them when to buy and sell. They would soon learn if they actually tried this.

Yes rather corrupt that they can pick and choose which trades to show and which to delay. I bought 750k just now and of course it will be delayed be 1-2 hrs.

By the way all I did was respond to biggieplums' post requesting thoughts, which I provided (and was the only one who did). I didn't ask for a lecture on NPV calculations and nor do I want one. Anyone else responding to a post I supposedly made with "NPV lessons" will go straight on ignore.

Yes I'm aware of that southwestben, but thanks anyway. I never mentioned risk, just pointed out that they used an 8% discount rate which is more cautious/conservative than the 5% in FTJNY's article.

I think from memory (could be mistaken) they used an 8% discount rate, so even more cautious.

One thought is, why shouldn't the market cap be roughly equal to (or even greater than) the NPV? Greater because the market anticipates the future e.g. even higher prices. We are not talking about an in-ground value as that is much higher.

Another thought is GMET has a "similar" MRE to us (actually ours has a much higher value/tonne) and has a market cap of over £300m, so why shouldn't SML have a similar or greater market cap than that? I'm aware GMET has a few other less advanced projects but my assessment is the vast majority of the valuation is for Pilot Mountain.

Late trade c.750k clearly a buy if you look at the price at the timestamp.

Ps Good article/website about brokers here: https://www.bankeronwheels.com/uk-tier-1-brokers/

Try IG - they are free and have an app etc. and are 'tier 1'.

FFS do yourselves a favour and get a better broker. Never heard of a broker deciding how many shares a customer can hold before, what a joker of a broker.

Re: "Q3 this year, we won't get the assays back till next year."

Wrong again, RC/Aircore are a lot quicker (and cheaper) to drill and the assays will also be a lot faster.

Incorrect. Drills planned on Gorge for Q3 this year following all sorts of survey and sampling work this quarter and next - try reading the RNSs.

Agree, although no idea what "Juno now better vectorised" means??

Institutions invested here recently at a £37m market cap.

"Demand for the Fundraise exceeded expectations and comprised both UK and international sophisticated and long-term ultra-high net worth investors, family offices and institutions."

Just one final comment on BSRT (don't blame me, you brought it up) - it is very concentrated, with 80% of the NAV in just 6 holdings. This makes it relatively risky for a fund/investment trust and could account for the 33% discount.

And by the way large discounts are common in investment trusts. I was a big holder in GPM (mainly gold/silver) for most of the last 2 years and a 20%-25% discount was the norm, and still is. So the 33% discount there may indeed close a bit but don't expect it to disappear.

Ok sure, just pointing out that in no way is it a focused gold/silver/tungsten fund, being at least 40% in coal and cement. I don't need to read any article to know this, I can look directly at their table of holdings published today.

The £2.5m raise at the end of November (only just over 2 months ago) was to fund the next steps:

https://www.lse.co.uk/rns/GSCU/16325million-equity-funding-to-expand-exploration-hohrf4i6re0562q.html

"This new funding allows Great Southern Copper to advance its exploration efforts at Especularita, focusing on our high-grade copper-silver discovery at Mostaza. In addition, the funds will be used to expand its exploration and drilling programmes at Viuda, targeting porphyry gold mineralisation as well as testing new prospects across the wider project area."

As far as we know they haven't started drilling at Viuda yet (still waiting for the survey results), or the new prospects (Colarada lithocap prospects are mentioned elsewhere in the RNS), so they shouldn't need any further funding yet.

Just a caveat from a glance at it's NAV RNS released today - its top 2 holdings making up 41% of the NAV are in coal and cement.

He's been over to Chile to kick some ass and find out where those assay results are is how I read it.