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I've listened to both PJ interviews.

I'm not particularly interested in either CGNR or POW, which is the other Sunday roast PJ interview. But I do enjoy listening to others 'talk their own book' as occasionally you might find a gem. Or discover something new.

If you listen to both PJ interviews it sounds like he is kicking himself for selling down GGP at 2p.

We've all been there I guess at various stages.

PJ does however make a very valid point about the wider cyclical nature of the sector in his POW
related interview.

He sees the wider junior sector 'doing a 10 X' at some stage from where we are

I agree with that.

GCAT are now perfectly positioned to concentrate on both the existing bulk underground mining at Kilimapesa with the addition of the proposed open pit and plant upgrades to see output continue to trend upwards throughout the year.

Note the addition of a new senior Geo (ex Rio Tinto) heading our Geo teams with one focused on exploration work to increase the known resources, the other focused on maintaining high grade recovery from the mining & processing activities

Alongside the production increases we are set to add significant ounces across the exploration activities growing the wider group resources funded from free cash flow generation.

I suspect we will reap the long term benefits of our recently appointed former mining ambassador, which looks a great strategic addition to the BoD.

P.s.

Its been great reading some excellent contributions on here recently and not surprised to see some of the early stage GGP holders are starting to stake build in here also.

GLA

"Our 2022 projects in Saudi Arabia took off two months ago, with the reporting of a significantly expanded and upgraded Mineral Resource Estimate at Hawiah, the granting of the Al Godeyer Exploration Licences and the informal indications from the Saudi Arabian Ministry of Mineral Resources that our Jibal Qutman Gold Project will have its mining licence application processed this year.

"Our field teams have immediately responded and are focussed on achieving our key 2022 objectives in Saudi Arabia of completing the Hawiah Copper-Gold Project PFS, updating Jibal Qutman's development plans and rapidly hitting the ground at Al Godeyer, where early results indicate significant VMS potential, similar to the copper-gold deposits at Hawiah. Success at Al Godeyer would potentially add substantial value to the development of the Hawiah project.

"VMS deposits typically form in clusters and Al Godeyer is only one of the many VMS prospects in the G&M pipeline of exploration targets

Took another look at some of the pre revenue explorers mentioned and it made me realise just how undervalued GCAT are in comparison

With our 1.6Moz+ Gold under licence and an existing mine infrastructure that has had over 20 million spent on it which would cost more to do again today and a heck lot more if it was over in Australia or Canada.

Most explorers just can't make the leap to producer without having to dilute shareholders as by the very nature of being pre revenue, they're best shot is usually to hope for a JV with a bigger player or someone with millions willing to fund the build, generally in return for 70% equity being given up.

And that's just the ones that are actually close to a decision to mine and have all the necessary permits in place.

Most don't, and are many years away from having rhe necessary PFS, PEA & feasibility studies required to justify a commercial decision to mine at which stage they can apply for the necessary permits and then cross their fingers and hope either someone with the necessary cash comes along to finally monetise the asset or that the feasibly studies are so strong with sufficient comercial grade that they can evidence the economic case to raise bank financing to develop their projects into production.

GCAT are fully funded, fully permitted, now producing at a rapidly growing rate and with cash in the bank and a Gold inventory worth nearly $6m that could be realised to generate further cash

When you factor in all the planned plant upgrades which will increase production rates and the multiple potential new discovery zones along a 7km long strike length and potential resource upgrades over the coming year to 3Moz+ with the next iminant increase likely to take us through the 2Moz+ total resources level.

Everything is well within the control of the company now to deliver sizable returns to sharholders without requiring a JV or a buy out or worrying about how the next lot of drilling is going to be paid for if a suitor doesn't materialise.

GCAT have none of the cyclical factors that affect all junior explorers that are pre revenue.

Assay results are due here before the end of Q1 and then production updates and plans for the Tanzanian Gold fields and the recent appointments to the BoD and exploration team just add more to my firm belief we are looking at a mid tier operator in the making with the necessary influential parties on board now that will see things start to move at pace now.

Well done to all for finding this one so early in the growth phase.

GLA.

From the recent ARV RNS

"Highlights
· Key approval from Australian Foreign Investment Review Board ('FIRB") via "no objection" received for the proposed Munni Munni JV sale.

· Parties to the Transaction will now move to complete the outstanding documentation and conditions precedents in the coming weeks.

· Artemis will receive A$250,000 in cash and upon successful completion will receive A$4,650,000 worth of shares at a deemed VWAP of 0.699p per share.

· These shares would have a value of ~A$5,205,000 as of 25 February 2022*.

Alastair Clayton, Executive Director commented:

"We are pleased to have received the key FIRB approval and can now move to complete the remaining conditions precedents and documentation to close the transaction. With staged share escrow over the 12 months following issue, we very much look forward to becoming significant shareholders of Alien and note that Munni Munni is adjacent to the exciting Elizabeth Hill Silver Project. I believe by combining the two licence areas, all parties can benefit hugely from potential geological synergies. Artemis is well funded from current cash reserves to execute current exploration drilling activities at Greater Carlow and of course our soon to recommence Paterson Central drill programme about which we will providing an update very soon."



*GBP£/$AUD exchange rates (1.87) and Alien share price of 0.0782p as of 25/2/2022 these ~356.5m shares have a value of ~A$5.21m."

I remember someone mentioning that they would only need to get this product into just one hospital group in the USA and due to the litigious nature of the USA every single hospital would have to make it a mandatory requirement to use this ahead of administering antibiotics to infants for fear of being sued if it was known other US hospitals were using this as a safeguarding product to protect vulnerable infant from potential harm and they chose not to.

I won't be surprised if the next RNS doesn't set out a commercial partnership in the USA.

"KEFI’s partner in Saudi Arabia, which funds 70% of all equity requirements, is the Al Rashid family – one of the world’s wealthiest families. At the same time, the Saudi sovereign wealth fund’s Saudi Investment Development Fund has publicly stated its priority to provide up to 75% project debt for new mine developments."

Good to highlight this Rob.

Looking at the drilling map Saudi Arabia the wider Gold district under licence to KEFI has the potential to be a monster resource, with the backing of one of the wealthiest and most influential families in the region I expect the ML to be signed off and the SP here will gap up immediately as the development funding is in place.

Those waiting to jump in from the sidelines on the TK funding announcement will be joining above 2p+ if the ML in SA lands first.

Far better to he positioned ahead of the expected milestones being ticked off imv

Won't be surprised to see volumes increase again on Monday.

"To make money in the market you must see demand and invest ahead of others. Nobody gets paid to read the ******* (news)… you have to predict the news before it’s written The predictions I make are obvious to those that understand history and the resource markets"

I like this quote, but it effectively is saying what we all know News will drive price action here and for the time being it will remain a highly volatile hold until the direction of outcome start to become more clear.

Atm expect this to remain one for the day traders.

Let's see what news BZT release next on how manakayan is to be funded.

A listing on the ASX with some big money behind it appears to be the way this tier 1 project finally gets moving.

Two key hurdles have now been surpassed

First, the change to a pro mining government actively seeking outside investment into the mining sector.

Secondly, nailing down the 25 year license renewal

Next step - arranging the corporate finance/listing

It's probably fair to argue the next stages are actually more within the gift of BZT to complete whereas the first two hurdles were less within the companies control.

Still looking perky in here Troajan

Any other small cap fertiliser plays outside this and KRS?

I think this has always been the product closest to DB's heart.

The potential scale of revenues from licensing this out globally is off the charts.

CB has certainly been busy recently with a lot of media coverage.

Hello Manu17

Hello Manu17

Hello Manu17

@DVH

Yes, but we both know this will be trading alot higher by later then mate.

Happy adding at the present range and relax as the dividend income cover is over 100%+ the present SP

GLA

Note calculated on existing proven JORC resources at present spot price of gold.

Highly likely to get a significant resource uplift from the ongoing drilling in SA.

Looking very good.

If you combine the capital appreciation + The dividend income its actually a 20 x bagger (total returns) from the present entry.

GLA

New Edison note -

Projected Dovidends Higher than the present SP!

Potential SP of 9.48p p/shr
(At current metals' spot prices 8.27p + plus c 1.21p/share for Guji-Komto.)

We calculate that KEFI's trio of projects are capable of generating free cash flow of c £78.6m a year for seven years, from 2025 to 2031 (inclusive). This, in turn, drives average (maximum potential) dividends of 0.90p/share for the six years from 2026 to 2031 and values KEFI at 2.62p/share (cf 4.35p/share previously) fully diluted at the prevailing share price to account for a further assumed US$12.0m/£9.1m equity issue over the course of the next two years. This suggests a projected dividend-based value for KEFI of £77.0m or US$101.2m. The valuation reduces to 2.46p/share in the event that all convertible instruments involved in the funding are converted at our valuation of the shares in two to three years'. At current metals' spot prices however it increases to 8.27p in FY27 plus c 1.21p/share for Guji-Komto.

Projected Dovidends Higher than the present SP

Dividenss alone will Deliver 100%+ Return on Investment year on year from the present entry

+ a 10 x Bagger

VERY STRONG BUY