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Haha it does seem like that with Ariana sometimes doesn't it, never seem to get the credit they deserve!
Yes sorry 25% once the project is up and running you're right, so just 25% of a £1.5billion resource, and a mine which other companies are going to operate and run for us, which is just a side project for Ariana!? Crazy. Good old Kerim.
Plus around £1billlion of copper (12mil tonnes at average of 1% cu, so 120k contained copper), at £9000 a tonne. So £500mil of which is ours...
So am I right in thinking that they expect there to be around 200k ounces of contained gold mixed in with the copper deposit, so at £1750 an ounce, £350mil of gold (£175mil which is ours), which is only the by product of the mine, which is primarily a copper deposit??
So Chesterfield are approaching half our market cap now and all they've got are a few exploration licenses, that's it right, or am I missing something!?
We've got a working copper mine right, and and two former working copper mines right??
And even IF CHF do find something that's worth mining, they're hundreds of millions behind us in CAPEX to get a mine built right, it's gonna be the latter half of this decade by the time they do, by which time the bull run on copper may well already be peaking, and then once it's built they're going to have to go through all the same hardships that actual copper miners have to go through to get themselves going, which we've already been through, and we are now just about to walk out the other side and finally feel the sun shine on our faces at the START of the copper bull run!!!
Am I missing something I say!!??
So Chesterfield are approaching half our market cap now and all they've got are a few exploration licenses, that's it right, or am I missing something!?
We've got a working copper mine right, and and two former working copper mines right??
And even IF CHF do find something that's worth mining, they're hundreds of millions behind us in CAPEX to get a mine built right, it's gonna be the latter half of this decade by the time they do, by which time the bull run on copper may well already be peaking, and then once it's built they're going to have to go through all the same hardships that actual copper miners have to go through to get themselves going, which we've already been through, and we are now just about to walk out the other side and finally feel the sun shine on our faces at the START of the copper bull run!!!
Am I missing something I say!!??
Morning guys!
Feeling really positive on this one - I've doubled my holding over the last few days, and have used this buying opportunity to add to my SIPP as well as my ISA.
Don't worry about the last week, focus on the coming 12 months - the future looks bright.
This may well dip in the morning guys, but I suspect it won't last long - I'm thirsty for shares in this company at these levels, just as I was a month ago, and I suspect that others are too. Was actually a little conflicted about the jump over the last month in some ways, as regretted not buying some for the SIPP as well as the ISA when I had the chance - that's now gonna be my task for the coming week!
Rambler will be raising money around this level in a placement, or they will be taking on some debt, one way or another. They will get the money, and once the dust has settled, the share price will grow, and grow, and grow.
What an opportunity, honestly.
Keep the faith guys, and when in doubt just remember Toby's words from the last RNS:
"Despite the set-back in ore production in this first quarter and into April, we remain confident that we will return to full production capacity by end of year 2021 with a more flexible and robust production schedule."
This is a a such a great part of the RNS that people aren't getting excited enough about in my opinion - the man is basically saying, despite all the uncertainty that he's clearly not happy about having to put in the RNS, that they're 99% sure they're gonna be at full production capacity by December...at full production capacity in no more than 8 months, in a bull run on copper (and gold) - if you're stressed just do the math, it's a very, very good bet.
Night guys.