Member Info for Scaffman

Not 100% but if they get offtake with a UK Company to the amount of 20% or more of their total revenue forecast then it could possibly qualify them for UKEF Export grants which would be fantastic.However the credit rating of Uganda could come into play .. ?

Don't agree. I believe this project is now pushing forward.

If Cmet can now show they are funded and 100% going into production then it may open up the SL Gov to do something with Oluvil Port as they would then have a viable solution to deal with the sand accumulations

https://www.dailymirror.lk/breaking-news/Another-foreign-loan-project-gathering-dust-in-SL/108-309264

Agree A good de-risk this morning and more news will be following in June I imagine. Easier for me to take part in the retail offer of a hopefully guaranteed 2.50 than sitting waiting hoping it will drop to below 2.50 and still no guarantee of a buy at that level.

However They said they were in talks with several local business? Are there more to follow or is this now the only one.

From Zak Mir-

Comment: It would appear that CMET is sitting on a sought after project that is something of a money magnet given its high-grade nature. Given this state of affairs one would expect the stock to be back towards the best levels of last year near 5p in coming months.

The bod are not giving realistic timeframe's for licences.

https://www.bnamericas.com/en/interviews/brazils-lengthy-mining-permitting-process-poses-risk-to-investment

Perhaps RV could advise on the extent of the drilll samples held by Library so we can see how much more drilling is needed.

Its a well structured deal that doesn't require much raise at all and then subject to good results before any substantial pay off. Whats not to like?

Https://ukcmic.org/

BGS Report

I wouldn't bother watching the whole Webinair like I did. 🤦‍♂️ graphs tell all.

So many mining companies want to get into the REE- Even if they are in the middle of the blinking Amazon... If only there was a project somewhere handy like say South Australia🤔

Thanks Rich

On first read it seems to be a low grade, lifestyle Co, with investors burned by due to CR. Add to that a disconnect between Management and SH and working in a remote and difficult Mining Area for Environment i.m.o. I don't see BCM taking off.

Scoping study is estimated for "End of Year 25" i.e. December 2025 not Q3 this year not May26 Until RV updates timeframe's then this is what I'm going on.

Ton1h I'd much prefer they kept all the experience and know how they have gained in-house. keeps them unique.

Not sure id read into the timescales in the post put up by Filthy Rich either. They could as easy be interpreted as being within those periods. so it would be within 3 months for the News flow and Sonic Drill ...between 6-12 months for the Scoping etc.. from Mid May 25 RV has already indicated Assays and Metallurgy in Jun /July "not" Mid August. But A Good Day..!😎

Things starting to move a bit... Mid June to end July could tell us where were at...

Thomas Krummer interview at the PDAC that Rupert done interview at as well.

I found interesting that both mentioned a project in wyoming and Cobr have used TK data in one of their studies as well.

https://www.youtube.com/watch?v=y-2heQdwQbs

Yes indeed. The vid's posted up show that the targets are well achievable and downtime for maintenance etc. can be done after a normal working shift as well. There's no airs and graces around the entire complex but definitely a Nice set-up.

Not being pedantic Andii but also if you are using your speed of 6 sec to clear 10kg of product sitting per metre then this means that you get 1.7m of belt through per second so 10kg x 1.7 = 17kg / sec which multiplies your 12kT figure by 70% up to 20.4kT

p.s. I could be mistaken...

Its a reasonable thing to try and work out for the crack.

Speed of the belt you're allowing at 1.7m/sec.(which is a slow walking pace) I suggest more like 2-2.m/sec + 25%

weight on entire conveyor you're allowing 200kg (equivalent to 8 bags of cement) I would suggest that the weight on the entire belt at one time is about 300kg ? (equivalent to the "volume" of 8 bags of cement)

so 45,000 t/ month i.m.o.

Or... The market caps are so low on all these junior mining stocks that large swings can occur from minor news.

A picture tells a Thousand words.

Worth bearing in mind when discussing pick up is that OP has risen $61-67 over approx 5 days in tandem with TLW rise over same period.

Tigger many thanks for posting. that article is not really that old per se, and I don't believe it was posted up here before.? So many parts of the article tie in with what Cobra is all about. i.m.o. Cobra is set up for these groupings to support.

However,on sonic drills 1m-to 3m hmm...🤔 not sure what to make of that without further details for each hole.

Wise inv. There are still several major Risks. For me the main ones are logistics and politics. I'm sure Uganda follow mining issues in neighbour Tanzania and can replicate / adapt if they see benefits to themselves. Not saying this is going to happen at all but you cannot dismiss these either as Gov seek to get their chunk of the pie. On another note could blencowe qualify for the Horizon fund.?

https://ornoirafrica.com/en/tanzania-issues-ultimatum-to-95-mining-companies-for-inactive-licences/

Ha Ha Don't think I was too far off the mark with my initial thoughts on Buk being just a jumped up geology college kid that's now managed to get a couple of letters after their name (big swinging mickey as they say!) and now think they know it all. Welcome to the Real world.

Anyway,watched all the Q + A and impressed by JB all round knowledge and well informed.