Member Info for Professor1

Hi Mickey

The West African projects certainly look very good.

In my previous note, I mentioned how the past drill results on the Kalaka project from the 16 holes had showed huge depth of mineralisation - all but one showing between 100m to 200m of depth. And if you compare this with Anglo Ashanti project in Colombia, their average grade being as low as 0.38g/T but they managed to produce 604 million tonnage for a 10 million ounce resource. So, the depth really counts, which we have at Kalaka in nearly all of the previous drill holes. If we get good strike length then the game becomes really interesting.

Hi Imac / Womo

The figures indeed are very staggering.

Please see copy of the last judgement:
HIGH COURT OF JUDICATURE FOR RAJASTHAN JODHPUR
S.B. Civil Writ Petition No. 13521/2018
Metal Mining India Pvt. Ltd.----Petitioner Versus State Of Rajasthan----Respondent
For Petitioner(s) : Mr. Vikas Balia
For Respondent(s): Mr. Sandeep Shah, AAG
HON'BLE MR. JUSTICE MANOJ KUMAR GARG
Order18/01/2021
List this matter on 05.02.2021, as prayed.
Till then, interim order, if any, shall remain in currency.
(MANOJ KUMAR GARG),
J106-Ishan/-Powered by TCPDF (www.tcpdf.org)(Downloaded on 30/01/2021 at 11:14:43 PM)

The other thing I observed on the page before you get to the judgement page, just below the row in pink, there is an entry no. 7 shown in the first column - in the middle column it is headed "Documents" AND - in the last column it is dated 8 December 2020

So it appears that some documents were submitted to the court on 8 December 2020. Now we do not know what these could relate to (BUT I believe all of the documents PERTAINING TO THE CASE MUST HAVE BEEN SUBMITTED LONG TIME AGO ). This was after the 4 December 2020 hearing that was postponed and the 18 January 2021 hearing also postponed. Could these be the documents which the court wished to see that the parties are reaching an amicable agreement - which documents the Judge did not have time to consider in time before the 18 January hearing (as they were on a long holiday period from mid- December to 3 January) = hence the hearing postponed to 5 February 2021. ENTIRELY POSSIBLE IN MY VIEW.

Rob

Found the attached very interesting.

https://www.kitco.com/news/video/show/VRIC-2021/3185/2021-01-26/Heres-why-gold-price-was-managed-by-government-what-is-true-potential-upside-Luke-Gromen#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DVRIC-2021

Hi Womo - I just saw Imac has provided the details.

Found the attached very intetesting

https://www.kitco.com/news/video/show/VRIC-2021/3185/2021-01-26/Heres-why-gold-price-was-managed-by-government-what-is-true-potential-upside-Luke-Gromen#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DVRIC-2021

Hi Lamstree

You are absolutely correct.

Christian Shaffalitsky is a highly regarded / respected individual geologist in the industry. I dont know if people on this bb know but he is also acting as a CONSULTANT GEOLOGIST for Katoro Gold. One needs to see him and the ceo of Katoro Gold in the video interview together to understand why he is hired as a consultant IN AFRICA.

Now coming to the ADDITIONAL 40m oz ( or even greater ) potential resource which Mr Shaffalitsky thinks exists, what qualifications these naysayers have to make any kind of judgement on that person. I bought in here primarily because he appeared a man of integrity and secondly the asset base. I personally believe that they are collecting all the data they possibly can for the additional resource for the increased area which has caused this delay. I also think that we will get a sale for WK and the 15m + a jv type structure for the additional 40m+ potential resource. And, the partial sale will give rise to a dividend. I still am staying put with my reasoned guesstimate of £2.44 no matter what anybody thinks.

No worries Womo

https://*************.net/md-qa-with-geoff-stanley-at-panthera-resources-plc-lonpat

Hi Womo

"The application No. PL 64/2008 dated 16/04/2008".
Thanks

Hi Hoochy

Please could you let me know the date of the RNS 4646 you have mentioned.

Many thanks

Hi Hoochy

The post I just cut and paste was the transcript of the video interview given by Dmitry. I stumbled upon the transcript whilst doing research on the Russian Institutional co which bought Alexie's shares per the RNS

Lowbands- totally agree with you

How on earth can someone take pleasure in wishing bad to another is just beyond belief. I sincerely hope that no one has lost out in this

Rough estimate
1) 55m oz resource
2)Average sp = 1800
3) All inclusive costs = 600
4) Margin = 1200
5) We get 150 per ounce
6) SP = 55m x 150 = 8.25B
7) No. Of shares say 3B
8) Price per share = 8.25 B/3 B = $2.75
9) $2.75 ÷ 1.37 = £2
10) My prediction to Ian = 2.44

PLEASE THIS IS ONLY MY THINKING.

Kev - beg your pardon 55 - too much to drink tonight

I guess the delay could be because they have applied for this additional area containing the approx 40m oz resource - to apply they simply collate all the data and " PRESS THE BUTTON"

" Q7. So the company’s estimates are 15 million in the ground, at the moment?

That’s including the flanks, right. Exactly right.

Q8. Well your strategic adviser Alexei Churakov put out this number of 40moz how does that come about?

What Alexei meant, on the Kola Peninsula there have been a number of exploration taken place. So it’s not only us — it’s Anglo American that has been doing extensive exploration programme within a big chunk of land, WHICH WE ARE GRADUALLY GOING TO APPLY FOR. Also, there have been [Norilsk Nickel], as Imentioned, doing exploration. Then [Barrick] doing the exploration, again, on a big licence — a palladium licence. And some other players.

AND WE ARE LOOKING AT THOSE PROJECTS AS WELL, because as a mining company our main business is to produce the metal — which we are successfully doing — at our operating mine. So we’ve proved that we can do it, and we’ve done it before on a different project, our team members.

And then, basically, our second job is to continually increase in our resource base. AND WE ARE LOOKING AT DIFFERENT OPTIONS, AND WHAT ALEXIE MENTIONED WAS THAT THERE ARE A NUMBER OF DEPOSITS WHICH ARE CLOSE TO OUR DEPOSIT WHICH IN TOTAL HAVE THIS «40 moz» SO THAT'S WHAT HE MEANT ''.

https://www.kitco.com/news/2021-01-28/Eurasia-Mining-comments-on-Alexei-Churakov-induced-share-price-collapse.html

And we are de-risked so that should hopefully be a catalyst for SP rerate.

Mercedesman.

Very well done. Like that

https://www.mining.com/all-the-mines-tesla-needs-to-build-20-million-cars-a-year/

Hi Prismed

Absolutely agree on that point AND ETHICS COMES TO MIND. If this was here in UK, I doubt very much it would have happened. But then again, we do hear time and again horrible stories.