Member Info for PR77

He belongs in the green box (filtered)

From the interview and RNS you get the impression we’re only just scratching the surface in terms of the resources we have at Uis. Plenty to look forward to from the ongoing drill program, upgrades and Li/Ta pilots.

Blue finish would be nice after all the selling pressure.

Feels like the 11th round in a title fight, who will be left standing at the final bell.

Just had another 50k @ 10.998

If topped up 2 x 50,000 this morning.

They’re using a lot of juice to try and drive it lower.

With a view to keeping the discussion constructive and understanding if there is a disconnect between current Mcap, what does FMV look like for our 30% of Hav based solely on 6.5m oz AuEq?

So 10 months drilling from Feb-21 cut off added 50% to the mineral resource, taking it to 6.5M oz AuEq.

We’re already a further 5 months on from the last cut off date, so in another 5 months we could well see a further significant % upgrade in the MRE2/3.

SD needs to ensure GGP staff are fully involved in the production of the MRE2 to ensure it reflects all progress with the drill bit

Joined 16th May 2022! Another one for the filter list

Short Selling Regulation (SSR) State:
A public share notification must be made when the net short positions of shares reach 0.5% of the issued share capital of the company concerned, and again at each 0.1% change above 0.5%.
JPM have issued notification of 0.5% which equates to 20,352,735 shares. So if they’ve increased that position as speculated, then they need to report any 0.1% increase above the 0.5%!

NPV of c$2,400m at current nickel prices for A1 alone.

$7,500m Free cash flow over LOM.

Roll on production.

What do we think the current JPM short position stands at?

Shorttracker still says 0.50% last updated on 12 May

The inflation risks and availability of debt finance will be a barrier for any new Nickel projects going forward. That should put HZM in a strong position when we start production as it will restrict the flow of any new projects, adding to supply deficits.

CD

One thing I agree with you on is that NCM will look to buy GGP out so they take 100% of the benefit of leveraging their Telfer asset. I’m ok with that but at a fair price which I think is some way north of 12p. I’m here till the end game whatever that is. GLA

The valuation of GGP isn’t solely based on the price for the 5%. The drilling campaign continues to expand the resource and will do so for some time to come, with 20moz being considered a realistic expectation.
It suits people’s agendas to fixate on this 5% valuation

Appears they’ve used the wet season to progress the detailed design and procurement of the main work packages. Good to see the groundworks contract awarded which will be on the critical path for the program.
We all want to see rapid progress but the front end of the project and supplier selection is critical to successful delivery and IMO they look like they’re going about it the right way.

Decent volume so far this morning, the large 500k and 625k trades suggests the seller is still around, hopefully they’re out soon and we can move up on the back of last weeks phase 2 news GLA

Europe and US playing catch up with China to secure critical battery metals. Don’t think we’re going to struggle to find a JV partner for Vermelho, as there could be a scramble to secure our nickel and cobalt IMO.

The continued expansion of the Eastern Breccia is most exciting IMO “Potential for the north west trending Eastern Breccia corridor to host Crescent style high grade mineralisation” still searching for the limits

Spodumene has been located on adjacent mining licence ML 129 which is within the operational limits of Uis. Drilling programme planned for 2022.

Decent volume today helping to clear the seller. Started moving up last hour and the can now get a quote to sell decent volume, which you couldn’t do earlier today. Interesting to see how it moves when the overhang from the seller has cleared. GLA