Member Info for PaulFG

As you say the grades here are fantastic - I think the market may have been concentrating on the resource numbers.

For me, the key standout sentence in the RNS was: In total, the combined Exploration Target for Nalunaq is estimated to be between 600,000 and 2.3 million tonnes at 10 to 30 g/t Au, representing a potential contained gold content of approximately 195,000 to 2.3 million ounces.

with much more to come given the vast area under AMRQ control.

Have to admit I was buying this morning but only managed to get 50% of what I wanted - no volume on the sell side, very difficult to get anything above 50k in a single trade.

Still I think this was pretty much a no-brainer.

If it goes down again it's another opportunity, wasn't worth the risk missing the trade hoping for that scenario. Never thought there would be a chance to buy again at these levels.

The AFC is a class outfit, no one should doubt that. They've also expressed interest in financing & equity options in BRES for their graphite resource.

Have to admit I have had a top-up here today.

I was in a buying mood.

I know we're down a lot from the highs, but you gotta admire the solid SP today - it's even up slightly in the US.

Couldn't resist picking up a chunk here.

Try to buy volume - impossible

Like yourself @computer I couldn't resist topping up, significantly, at these levels - sure there may be some downward/stagnant risk, but honestly, if you look at the fundamentals I'm happy to add to my position.

Managed to get everything except for the last 200k below 3p - happy days.

Doubt anything will be blue today

Here we go:

https://www.reuters.com/world/china-hits-back-us-tariffs-with-rare-earth-export-controls-2025-04-04/

BEIJING, April 4 (Reuters) - China placed some rare earth elements under export restrictions on Friday as part of its sweeping response to President Donald Trump's tariff package, potentially cutting the U.S. off from critical minerals vital to everything from smartphones to electric car batteries.

If the world order was intact, I'd say this was a screaming no-brainer buy. And it may well be. But it looks like we're about to enter a period of retaliatory tariffs on the USA, which could lead to even more escalation - ultimately you'd like to thing it'll work itself out, it usually does, it's just the duration and depth of pain we're about to go through, which means the markets are likely to trade down, and that means even SVML is exposed to downwards spikes.

SO wouldn't be surprised if R.Rule is keeping his powder dry just to see what's going to unfold, before he acquires what he couldn't in the latest raise.

If it does spike down I wonder if that'd crystallise the Rio decision?

Good spot guys on the H2 for DFS - I wasn't aware that it had slipped from H1, it chips a little at credibility here if Mike hasn't actually made that announcement (he could have in an interview I guess but I certainly don't recall it), that being the case the whole funding for WC issue is raised a notch with me too.

Still obviously very bullish the project but not as eager to load up on another significant equity tranche without a few answers. Unacceptable to slip important changes into a presentation and not make shareholders aware.

Slightly annoyed, if I'm honest.

I expect an RNS within moments: Everyone is in the car on their way to signing ceremony - expected to arrive by the end of the month, possibly next month...

I noticed the whole question of progression on the Zambian licences was side-stepped. All I heard was it's probably up in the air with AFP examining possible alternatives to FQ - but nothing going to happen short-medium term.

So it's all about this small mine in Namibia now.

Another interesting holistic comment here: https://www.stocktitan.net/news/FCSMF/focus-graphite-advanced-materials-joins-the-military-power-sources-l1a7f4sydk3c.html

"...Benchmark Minerals forecasts no domestic (USA) source by 2030. This comes as the DoD has awarded US$45.85 million to advance North American natural flake graphite projects over the past two years."

The other thing to bear in mind here, wrt funding, is the EU funding of projects - which they announced recently for 47 projects based within the EU, they are expected to make their selection for projects external to the EU in coming months and BRES is very likely to have applied for this, SAFELOOP may help us out here.

https://ec.europa.eu/commission/presscorner/detail/en/ip_25_864

I was thinking about this over the weekend - could be that as CGT goes up next year in the UK people are looking everywhere to book tax losses this year to carry forward/ offset agains CGT.

" Initial observations suggest consistent geology in line with existing resource models which supports the goal of significantly increasing the Orom-Cross Resources and Reserves classifications to underpin longer mine life and higher production volumes in the ongoing DFS. It is anticipated that work thus far will have a materially positive impact on DFS results."

Whilst that's very encouraging, I'll wait for the official assays before getting 'officially' excited.

Interestingly same podcast Rick Rule has no interest in GMET.

Let's see if the resource is increased substantially if that disinterest is maintained.

Listening to Rick Rule the other evening he was saying the market currently HATES REE, so he loves it, he's buying and he mentioned he's looking at projects in OZ.

Some analyst view on valuation is interesting to know, but that's about it. It's more about how much KEFI want to sell - seems they're determined - and then who & how much someone is willing to pay for it - and that won't be market value most probably especially if KEFI have indicated their determination to divest.

No one pays the spot value for a resource in the ground.