Member Info for Phoebus

Silver breaking to the upside.

Someone is keen to get in.

And trenching is starting imminently over those high grade sampling targets. That should feed through into the major surface drilling program which is also due to start very soon. Super exciting. GLA

I'm sure it's nothing to do with ALBA, just an issue with H&L's back end. Perhaps they're having trouble with their price feed from the exchange. Delayed trade at 0.52.

Look about to start a move higher.

OMI has diddly-squat planned near term.

SGZ's SP has reacted very positively to today's surface sampling results RNS which reports grades of up to 15 ppb, 22ppb, 44 ppb and 52ppb Au. If we look at ALBA's sampling results over the wider Dolgellau gold belt where multiple new targets have been located we can see that ALBA's grades are far higher with new targets Mairwen 648ppb, Ifanna 247ppb and Gwyneth 204ppb and historic targets Clogau 198 ppb and Llechfraith 113ppb. Note how the gold mineralization is returning higher levels at the new targets compared with the areas above current mine workings. Excellent prospects.

https://investegate.co.uk/alba-min-res-plc--alba-/rns/clogau-update-and-change-of-adviser--broker-/201908061130010996I/

Yep. UK gold mines getting some serious attention now, as it should be.

ALBA's Thule Black Sands titanium oxide project is right next to Bluejay mining.
https://www.albamineralresources.com/ul/TBS%20Licence%20Map%20July%202019%20(1).jpg

Bluejay's project has a JORC resource of 117 Mt at 6.1% for 7.14Mt ilmenite. ALBA's project has a JORC resource of 19 Mt at 8.9% for 1.7 Mt ilmenite. Unlike ALBA, Bluejay only has a JORC for this asset. Bluejay's market cap is £75.5M. £75.5M / 7.14Mt x 1.7 Mt = £18.0M rough read through valuation for ALBA's Thule Black Sands project, which is 60% of the current market cap or 0.32p/share. Don't forget, ALBA has load of other assets besides this and Clogau. This has been far too low for too long. Good to see it finally re-rating. GLA

Interest is huge. Given the assets and pending news flow it's no wonder. GLA

Some delayed buys from 0.56p popping up.

Might have gone through Acquis Exchange or publication delayed 1 or 2 hours.

Suddenly MMs want millions of shares of me at 0.52p. Nah! You know what that means.

News on pilot processing plant should be imminent. Early Q4 start up.

Greatland what?

0.55p is exercise price of latest warrants. Will need to hoick SP significantly higher on big volume to convert those. Looks game on to me.

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They'll be desperately trying to average in no doubt. Aw.

I imaging that quite a lot of new investors are focused only on Clogau and are completely unaware of ALBA's other excellent assets. Particularly excellent assets include:

Melville Bay / Iron
JORC inferred resource of 67Mt at 31.4% Fe. 70% concentrate producible. Exploration target 93-269Mt at 27-47% Fe. Note that iron prices are currently at multi-year highs after fantastic growth the last few months. This sector is on also fire.

Thule Black Sands / Titanium Oxide
JORC resource 19 Mt ore @ 43.6% THM containing 1.7 Mt ilmenite (Ti02) at 8.9%. One of the highest grade ilmenite projects in the world. 12-year mine life 1.5 Mt per annum. Right next to Bluejay Mining's project, which already has a value of 2.5 times ALBA's market cap.

Amitsoq / Graphite
2 deposits with average grade 28.7% and 25.6% TGC, some of the highest grades of any graphite project in the world. Marketable carbon grade concentrate (up to 97.3%) can be produced at high recoveries, and with a significant proportion (36%) of the flake graphite being in the highest value Large, Jumbo and Super Jumbo size categories.

ALBA has several other asides beside this.

Nice delayed buy at 0.55p day high just popped up there.