Member Info for PIface

When it hit 37p lse went down so a lot of pi wont have had live pricing or been distracted. Friend said when jorcs land it will shoot to 37p then finish at 26p. Most good news lately has done this.

The jorc could be different. As we are only jorcing 2 thirds of sites maybe i suppose it might give bashers room to claim disappointment over not showing the full 104moz. It might show that just from 6 assets though as Russian code resources are stingier than jorc.

He would fit that profile of basher that pretends to be on board then flips.

He clearly wasnt in early either.

Price action looks promising for news

Bored out my brains
Youve got the jorcs
Lets make lots of money

Still got my shares
Youve got the bids
Lets make it very shortly

Still prefer the Rover 75 to the Bentley. Same grill but goes less well with the leather and canvas driving gloves. Is there any colour other than metallic light green to be seen in?

Yes the idea is to have them all on the pow balance sheet as shareholdings but some dilution will be involved as it always has to be in junior resource exploration companies who build an asset not a revenue stream (you could even argue revenue is a sign of failure unless you want to be a junior mining company primarily).

e.g. we have 6 shareholdings covering all the assets. Power metals acts like a holding company. The average is £30m a company and we own 60% then that £180m x 0.6 = 108m on the POW balance sheet. One fails so it goes to 150m but then one gets ii finance and goes to 180m by itself so then we have over 300m mcap in POW if the SP reflects the balance sheet, which the MMs might find it hard to argue against. Then as a combo they might each derisk each other slightly or cross-fertilise expertise so could be a sum greater than the parts. If we continue to add licences some hope value could further be attached.

Yeah I think as extension grades these are quite good. I'm not a mining technologist but these seem highly concentrated offshoots so could add to the profitability nicely if targeted appropriately. I do believe existing results look like a viable mine already which is key but must admit to needing to brush up a little on this project. It's on my radar but only dabbling here and there. I know 0.4% is often seen as a reasonable CU grade at volume at least so some good results here.

Rampers turn up after a 20pc rise or great RNS. Enrico Palazzo, st tropez and users like that. Here we have solid blokes who have held for 2 to 10 years keeping spirits high. Especially rum. Nobody is forced to be here but must realise the brilliance of the crew with a solid, humourous or factual approach to keep institutionalized non investors at bay like the mad stork. Running riot on other boards. Rowka was brilliant at shutting them out and it really helps the small pi keep the faith.

Opportunities (song for Dmitry)

Ive got the shares
You've got the jorcs
Lets make lots of money

Youve got the bids
Ive got the brains
Lets make lots of money.

Not by Erasure unfortunately. Pt Shop Boys so nearest thing

Metal prices still very healthy. Lots to go at here 3 or 4 good projects. Geochem on the way.

Depends on interval. To me 15g is bonanza at width. These were good intercepts for the extensions.

Looking to be ebitda positive in q4 this year and in 2022. Thats what people were hoping for just still in the pipe with all the new contracts. Revenue up 6pc not too bad in the times.

Well I tried to buy but X-O still haven't sorted it out. I used to hold but now they have it listed as a fund by mistake and I've e-mailed but not sorted.

Seems to me Rockfire generally find an area thats been drilled before with known mineralisation and then when assays come out pretend like its a surprise and then get a little spurt. They deliberately don't drill deep but do their best to intimate when they do they might find the mother lode. Like at plateau where phase 3 quietly never happened but they drilled a bit deeper than planned at phase 2 and seemed to maybe miss already.

Cynically this seems to keep the lights on.

Optimistically copperhead and dome have lots of copper and a jorc if they are heading there might add lots of value but are they doing enough to get there? Also if they do a havieron and actually find a mother lode missed by others at depth then thats the money shot.

Not sure i think its that likely.

Hmm lithium has recovered sharply after a dip but uranium has been surging just as much if not more just recently to ATH.

Lithium is quite abundant and can be designed around. Some university just found a way of taking it from seawater.

For those reasons I prefer uranium but i guess all metals have substitutes and even uranium might be vulnerable. Not complaining to have lithium on the go since its resurgence.

Some of africa, especially west, is considered very good mining district and Botswana is. It varies i I wouldn't like Mali for example like Kodal where military coup last year. Africa in general considered quite good jurisdiction.

*104.6moz

Watched the Dmitry interview again 2019.

Rhodium was only 5k then - now 15, been to 20.

Even West Kytlim though was once Anglo until they decided to sell all none South African PGM assets (bad decision), and that was 20sq km and in 2019 was expanding to 120. And then they were pulling 60% out more than they thought. So WK could pack a surprise punch in this given its soft rock and has rhodium.

Copper and nickel both up 50 to 100% since then - plenty at MT as originally mined there - and plenty added in the Rosgeo. Was 15moz with the flanks back then. Talks of 40moz are to be re-applied for. Now the other 14.6moz.

You would think if it were worth 2 billion back then it should be 20 now. 7 quid a share.

Or maybe it was worth 1 and is now 10 so £3.50 is right.

Has to be said uranium is the hot metal at the moment so great additions in Canada, though quite early days. We know POW don't mess about though. Excited to see if they can get anything going with the largest tungsten resource in the US too after Thor sat on it for a while. I guess some of the African stuff looks the most exciting but the paterson and the silver in Canada are also good areas or grades.

With two of the kippers being a penny apart at same time it looks like they are not correctly time stamped. Possible manipulation. Might be buys.

LSE been creaking much of weekend if we go down see you the other side. Imagine we will be 30pc up then level coming out the other side. The momentum killer.