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Also the rns stating that the fluorspar could support a 100k tonnes a year mining operation gone under the radar a bit. Lots of upside with further drilling

It also appears they still haven’t attributed any valuation to the gallium.

8p per share new valuation from Zues.

Although valuation of company gone up by 40% since last valuation shares in issue risen from 291 mill to 445mill. So per share valuation gone down.

What do we think for Zues update

1-> stays same at 8.9p

2->between 9p to 11p

3-> 11.1p to 13p

4-> above 13p

Day to day shenanigans here irrelevant.

This is a retirement play for me here. 55 next may and if we can get to 20p by then my retirement will be much more comfortable.

Hoping once the yanks catch on here it will take off.

Seen it a million times. But this is a slow burn. The real catalyst here now is the rns that says we can get the gallium and moreover we can get it economically.

Interested to see what Zues say. Interested to see what Cedric says.

When the dam bursts here it will be something to see.

We are not on aim

I guess there’s also the possibility that china might try and get in on the action here. They won’t want there 99% monopoly on Gallium supply disrupted.

Another 40 million tonnes to go at for the gallium. If the same that’s another 2400 tonnes of gallium possibly. Surely if it proves extractable we’ll get taken out.

The results fundamentally revalue the project.

Yes let’s see what Zeus makes of that.

That’s $1.5 billion of gallium they’ve just discovered and from only 20% of drilled area. We’re about to become the most important source outside of china of the No1 critical mineral in the world. (So long as we can make the metallurgy work)

Could be a big day tomorrow (or not). But in the event we do get news let’s hope it continues the mega positive Altona story that we’ve had so far.

It’s not just one story here, we aren’t a one trick pony. Lots to go at here and there should be an avalanche of news over the next few months with all the different work streams going on. Maybe they’ll kick if Sesana at some point also which could be bigger than everything at Monte Muambe. The geology certainly looks promising.

In any event I haven’t sold a bean, I’ve kept adding and time will tell if it’s the right decision.

GLA

That’s a very large £100k buy just printed. Maybe why they dropped the sp to fill it.

Someone is confident.

Up then down yesterday. Today I suspect down then up.

Always a bit of nervousness when waiting for results but I think Cedric won’t let us down.

Nothing unusual when you’ve had a big rise over the past few months for investors to take a bit or go rainbow chasing while we wait especially when results seem to be taking a while.

Positive MREs are one of the biggest rerating catalysts for junior exploration companies.

Patience needed, confidence in no doubt.

Well that’s my guess up in smoke.

Well I’m going for tomorrow. I’m also looking for 3Mt or above on the fluorspar and above 220tonnes Gallium. Remember that’s with only 40% drilled and is 3 times more fluorspar than would be required for 50ktpa for 20 years. Anything above 1Mt Fluorspar satisfys Cedric ambition for 50Ktpa over 20 years.

Just waiting for the RNS where it says we’ve found gold. Seems to be the only thing we haven’t found at Monte Muambe, lol.

Originally the MRE was due in March. Once the assay results were in getting the MRE was the easy bit, just plugging the data in and hey presto MRE according to Cedric. We are a month further on now so I’m hoping that it’s a positive that it’s taking a while longer. Anyway, tomorrow has to be favourite followed by Thursday for the MRE.

Well hopefully we will see how much we can help that deficit this week.