Member Info for Sean12345

A rather nuteral update, the sale of the West Kytlim mine to a non-sanctioned buyer secures $9 million in cash while mitigating risks of asset seizure and sanctions compliance. This strategic move allows management to focus on Arctic assets, which represent 99.7% of the company's value, while maintaining progress on key projects

Peace is coming kerching

Should be after some time. A cash raise amounting to third of what was the MK is huge, but as I am invested and expect the best outcome end of 2026 onwards

Keep the lights on - we need the cash to drill out the target A1 silver oxide discovery.Major milestone: The goal is a Mineral Resource Estimate by the end of 2026, which is the official stamp of approval showing exactly how much silver is in the ground.Director buy-in: Two bosses, Richard Belcher and Mike Armitage, are chipping in £15,000 of their own cash once rules allow. This shows they are willing to put their money where their mouth is. The Bad News: Pain for Current ShareholdersHeavy dilution: They are printing 2 billion new shares. This means we own 28% less of the company than we did yesterday. Our slice of the pie just got smaller.Discount damage: The new shares were sold at 0.05p, which is a 17% discount to yesterday's price. The market price has certainly dropped to match this.Warrant overhang: The brokers got 98.5 million warrants (coupons to buy shares at 0.05p later). If they cash these in over the next year, it keeps a lid on how high the share price can grow. Holding for some time at this rate

Agree, Trumps China trip was all aboit Iran and Russia, they are both meglamaniacs who will work together to a certain point to secure the world's resources

Right we need this sorting and 30p plus sp, got my eye on a boat upgrade, kerching, even the Russian people are to

Potential immense

Net Asset Value (P/NAV) DiscountingIn mining, the share price will often move long before production starts based on the project's Net Present Value (NPV). If the cumulative Life-of-Mine cash flows are £704 million to £1.4 billion, discounting those future cash flows back to today at a standard 8% mining discount rate yields a project NPV of roughly £300 million to £600 m

Must ave been the heat

Must ave been the heat

£56.00 / oz in the UK and $75.50 / oz globally

Value Per Share at 60p/oz Silver Equivalent

Based on the calculated contained metal value range:

• Low case: £11.6 million

• High case: £34.7 million

Using 2.07 billion shares in issue, this equates to:

0.56p to 1.68p per share

This represents the in ground silver equivalent value only, calculated from:

• Exploration Target of 15–30 Mt @ 40–60 g/t AgEq

• A silver equivalent price of 60p per ounce

Overall Assessment

The company is:

Well‑positioned in a Tier 1 African mining jurisdiction

Advancing a flagship project with a credible exploration target

Supported by high‑profile JV partners (KoBold, First Quantum)

Progressing towards a maiden MRE in 2026

Operating in a country with strong government support for mining expansion

This combination signals a maturing exploration portfolio with increasing institutional interest.

Are these 7 some form of momentum triggering into selling, what a malarkey lol

Strange sells

Key Forecasts and Analysis (2026–2027):Target Price: The consensus analyst target is 0.26p, reflecting a potential 200%+ upside from early 2026 price levels.

Mushima North delivers a commercial‑grade discovery

Drilling at Mushima North A1 confirms grades consistent with the upper JORC exploration target.

A maiden MRE (late 2026) shows a meaningful copper‑silver resource.

KoBold accelerates work at Konkola West; First Quantum exercises its JV option.

Market sentiment flips from “micro‑cap explorer” to “early‑stage developer.”

Impact

Strong re‑rating as the market prices in resource-backed value. SP up and away

£300-£600m, wowzer

Kerching

Just the one project -If the 58 million ounces silver equivalent were real and mineable

- Silver price (2026): roughly £20 per ounce (varies daily)

- 58 million oz × £20 = £1.16 billion in metal value

But that’s gross metal value, not profit.

A realistic mining project might recover:

- 60–80% of the metal

- After costs, royalties, capex, etc., maybe 10–20% of gross value becomes economic value

So a realistic economic slice might be:

£100m–£200m of potential project value if everything goes right.