Member Info for Propinquity

Back to 3p after the MRE, ready for the next leg down.

NewOrmy, Was that from AJ Bell’s website?

DoBre, Thanks for confirming it - that should give newbies reassurance on where the company’s headed.

Slurm, You are too kind. 😂

They’ve already strongly hinted at a fast-tracked PFS.

Post-MRE share-price should be close to kissing double-figures, if not comfortably into it:

Zeus has already declared a 4.8p fair-value stepping-stone - 6p post-MRE would be for a minor uplift in resources and grades, even excluding silver, from the latest drilling-results.

Resources will be significantly in the new MRE (SML’s already mentioned it) - the 2020 scoping study was 11.7Mt: part of the new drilling programme was to shore up another 4-8Mt; the re-assaying of the 30 historical drill-cores from the 80s could add another 1-2Mt.

The discovery of the new, separate, tin-dominant ore-body known as the North Tin Zone will add a significant uplift to resources, and may potentially be more-quickly mineable than current SVS.

Silver is economically recoverable.

Upcoming metallurgical test works will probably reveal a high recovery rate.

Some of the resources will be moved from inferred to indicated.

Feel free to add, amend, or criticise.

I expect a significant uplift from 4.8p in the next re-rate.

What is point of 4p struggle?

Mark Burnett said it in an interview on Radio Cornwall.

PC, Are your a bit early for April 1st?

Slurmster, The latter will definitely ring true for the LtHs.

The stock market is a device for transferring money from the impatient to the patient - Warren Buffett

The big money is not in the buying or selling, but in the waiting - Charlie Munger

And we have exceptional grades with increasing resources, with a substantial amount of mineral-rich land still to explore - the current SVS zone, to be further detailed in the upcoming MRE and PFS, will likely form a hub for the spokes that will be mapped out and popping up in the surrounding areas over time.

Apparently, with tin and tungsten - grade is king.

Thanks.

Anxiety, Valli, Where would you put Cornish Tin on the Lassonde Curve?

Slurm, AI’s summaries pale in comparison with yours.

Https://x.com/robert_ivanhoe/status/2026777006344433681?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Https://www.youtube.com/watch?v=w9gOQgfPW4Y

We have a 5k serial seller.

Make it with tungsten, then.