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It's basically a software program designed to do some repetitive task, in this case automatically creating posts on a company that you might be invested in. Usually they are just rehashes of things that other people have already written either here or elsewhere on the internet. I guess it keeps the post count up if nothing else!
Https://x.com/tertiaryplc/status/1783509018037612944?s=61
They are certainly cracking on, about 190-200m deep now by the looks of it.
Yes Mikie, there are several 'Black Mountains' I believe, all furnace s l a g dumps which are still being added to. The biggest one is at Kitwe but the one we are involved with is the Mufulira dump. Apparently they are quite different in composition and require different processes to extract the copper and cobalt. I believe Leon said they expect to do it in stages with the easy to process materials being dealt with first to generate revenue while they work on the more complex stuff.
He said that back in the day the technology wasn't available to process the waste. They picked Jubilee from several bidders because they did have the technology. No subtitles required... I spent quite a few years working up and down the West African coast đ
Https://fb.watch/rF_GLClxbI/
A brief discussion about Jubilee and s l a g s / tailings, from about 42 minutes.
Tertiary are part of a technical cooperation agreement with First Quantum for the Mukai and Mushima North licenses:
https://www.tertiaryminerals.com/downloads/20220915-tym-rns-collaborative-agreement-zambia-copper-projects.pdf
So any potential JV on those licenses might be more likely to involve FQM, but there are no guarantees of that. Mukai in particular might be ripe for a JV because the anomaly already identified crosses the boundary between Mukai and FQM's Trident licenses and FQM are actively exploring those licenses.
Https://x.com/Tertiaryplc/status/1783060020969525716
150m drillied in just over a week. Pretty good going.
Https://x.com/Tertiaryplc/status/1782684693051109456
So it looks like he had a day in Lusaka. Hopefully some productive meetings!
The SP fall is due to the placing shares being sold off. Nothing more. As I said, we need another positive update to flush them through the system before we see a rise.
Remember this drilling is just the first stage before they form the JV company:
Subject to regulatory approval of the EIA, in Stage 1 of the EIA, KoBold is committed to complete at least two drill holes (for a total of at least 2,000m of drilling) within 14 months, with drilling to start no later than May 2024 KoBold's planning of the Stage 1 drill programme is well advanced with the first drill site selected.
On completion of Stage 1, the parties will form a joint venture company ("JVC") to hold the Licence and enter into a shareholder agreement, the form of which is set out in the EIA. The initial JVC ownership will be KoBold 51%, TMZ 39% and Mwashia 10%. Mwashia's equity interest will be free carried by KoBold and can be purchased by KoBold at any time for US$3.5 million.
KoBold may elect to increase its ownership in the JVC to 70% in Stage 2 of the EIA through sole funding a cumulative expenditure of US$6 million on exploration within 4 years of signing after which TMZ will hold a 20% interest, and Mwashia will continue to hold a 10% carried interest in the JVC.
After Stage 1 (or Stage 2 depending on KoBold's election at the end of Stage 1) TMZ may elect to contribute to the further costs of the JVC pro-rata with its shareholding or dilute its interest in line with the customary joint venture dilution formula. Should TMZ dilute down to 10% shareholding in the JVC then TMZ's 10% interest will convert to a 1% net smelter return royalty payable for a 13-year period following the start of commercial production.
If KoBold can elect to buy Mwashia's 10% interest for $US3.5 million what is TYM's 39% interest worth, should they decide to buy the company out?
No, they disappeared in a flurry of posts so I didn't really look at them. To be honest I've found trying to forecast too far ahead with Jubilee is generally a waste of effort. Too many unknowns really. I'll have a look tomorrow if I get a chance.
Have a look at my posting history Gray1. I generally post factual information. I certainly don't look to pick fight with people but I find people who deliberately mislead others when it suits them highly objectionable.
I can't remember that particular situation but I certainly wouldn't apologise for calling you a liar Kalan. You are a liar when it suits you.
They didnât do a placing to raise âworking capitalâ it was to advance the specific projects that were in the proposed placing RNS. The placing was oversubscribed so they raised more than planned. What company is going to turn down extra cash at a time when they are trying to grow the business? It doesnât follow that they needed that extra cash for a cash flow problem. Unless of course you think Leon was lying about the reasons for the placing. Kalan obviously does as heâs said as much.
Https://x.com/Tertiaryplc/status/1782322705741574515
A site visit to Konkola West.It seems a long way to go to see a drilling rig which has only recently started operations.... is something else on the cards?
Gray1, youâre making an assumption that the tailings werenât commercially viable. Thereâs no proof of that. The fact is Glyleach is a pretty new process which is being trialled by many companies. Itâs cheaper than using purely acid leaching, more selective in what it leaches, recyclable and better for the environment. If a new product came onto the market with those advantages, for a company like Jubilee, which is pushing ESG as part of its foundations, they would be mad NOT to trial it in my view.
Just because they donât update shareholders on progress every five minutes it doesnât mean things arenât happening.
What projects have been brushed under the carpet?
I don't know if this has been posted here already but I noticed MMG has an updated presentation for the Botswana licenses.
https://www.mmg.com/wp-content/uploads/2023/11/2023.11.21-Khoemac-Investor-Presentation-EN-final-version_MMG.pdf
Nice to see little old Arc Minerals getting a mention in the "4th emerging group" on page 30. Also the updated cross section on page 29 which shows "Banana Peel" (now Mawana Fold) and Zone 9 on each side of the dome which Arc's license sits over.