Member Info for PaulFG

@bitcoinbuyer - yes last week anytime the offer came down to 15p I just hit it, sometimes I got done better but waiting for a drift probably wasn't going to work. As the EIA approval RNA could land any day which will kickoff the countdown to the mining licence, offtake agreements etc etc During this preproduction phase I expect a steady rise in the price.
It's a stellar opportunity, but I guess it ain't gold, silver, lithium, copper etc so may not have attracted that hot money.

@bitcoinbuyer - I feel your pain. It took quite a lot of 50k, 100k trades here for me to build up a decent stake. But this is so derisked I feel it will be worth it.

buying more Bitcoinbuyer?

There is no such thing as a sure thing these days. Especially in the mining sector. But I reckon CMET is a close as it gets!

AT the end of the day I believe that either Newmont or Agnico or both will buy OMI out of this asset, at which point those trying to manipulate the share price will be very badly burned if they remain on the wrong side of the trade.

Interesting take on how to value what might be paid for a copper asset:

https://www.youtube.com/watch?v=u9ahjBFi07M

conservative 7cts p llb = $154 tonne
BZT 2.8m tons - $431m

that is still ignoring the gold and silver deposits.

@irishdemon - lol, you may be right

not sure I'm as upbeat as everyone else here about this agreement.

Essentially they've granted Jubilee a free option which could result in no further agreement and we can't move forward with anyone else for six months!

I'm unsure why people are implying these are negative results, did they expect pure gold ad infinitum? I think these results are very good - I know many companies would kill for these high grade identified holes.

If the market reacts negatively then I there has been some fundamental market shift in the way it values these stocks.

This is VERY positive. Great start to the week.

https://www.youtube.com/watch?v=K5oxqN-MWKA&t=1626s

@pranchalee - that's kind of my point, they've already proven it.

It's probably nothing and they're riding a good wave too.

@S-T the only thing , and it's not scientific, but I watched webinar with three guys from the company and whilst they all said they right things, tick all the boxes as regards backgrounds and experience, networks etc I didn't see hunger in their eyes.

If you're starting up a new outfit and looking to grow it quickly then above all I want to see, feel, even taste the hunger in the guys doing it.

Just an observation.

as you say Wigscoff it should be quite straightforward but until it's done it's not done and no one will do a deal with BZT until then.

HI 1509,

was vey oil based - but ehy the world moves on - I look a little into Pharma/bio (like AGY) but mostly into precious metals now and starting to look more and more at copper.

the thing here now, as JLondon has also pointed out, is that the current licence runs out on November 1st 2021. But I don't think BZT can renew it until MMIH release back 80% of Mankayan. So let's hope there are no sour grapes (there shouldn't be as I don't think MMIH were able to raise the finance to proceed) over the termination of the JV and they don't delay.

@smiller read the research that JLondon has laid out for you in ADVFN. In summary:

"MANKAYAN-BZT - UPDATED JORC 2012 DONE BY MMIH
9.8 MOZ GOLD
2.8 MT COPPER
20MOZ SILVER

[YES, MANKAYAN IS QUITE CLOSE TO WORLD RANKED NO 10, GALENO AT 3.3MT ]
GALENO IS RANKED NO 10 AT 3.3 M T COPPER."

Suggest you open advfn account, free, and read all the research

@trek most people on these boards don't seem to read the RNS's nevermind visit the company website and through investor presentations

oh this looks good, may I offer some too for the MAY Comp:

CMET - expect EIA and possibly Mining licence approval
OMI - drilling results due
BZT - wildcard, expecting headlines on Mankayan Project, Zambia exploration results

I'm afraid I don't have a lot of faith in BZT to mess up the Mankayan project, I'm just not sure they have the capability to negotiate the best deal possible for this asset.

The ideal headline for me would be: BEZANT APPOINTS INVESTMENT BANK TO SELL MANKAYAN.

That, for me, would set the share price alight.

@hypermarlin - "...but with gold in the toilet quite a bit at the moment..." - what on earth are you talking about???? Gold may be down from the spike last August but it certainly is NOT in the toilet.