Member Info for shakeypremis

So this means he has sold those shares after exercising them? Or still has them?

Looks like we are going to have to wait until after Christmas now. Possibly until some time in January.

Would you care to share 6zeros? Cheers.

Only 3 more trading days for the update to out before Christmas. Will they actually even release it this week??

I'm hoping for upwards of $20m net to MAFL. BWTFDIK!

Sorry, I didn't mean to re-post my questions to you. That said, the in-ground value of the resource is not really all that relevant a number, it's what price companies are prepared to pay per tonne of contained zinc-equivalent for an indicated and inferred resource which has not been proved economic. Nowhere near $1.5 billion will be achieved when selling LS.

You can apply a PE ratio (not rationally anyway) to a one time sale of an asset.

Ran out of characters: My figure of $11,022,442 only takes in to account the current JORC resource, and also doesn't account for increases in the prices of zinc/lead etc etc (no valuation at all attributed to the indium or selenium either). It simply draws upon figures MAFL quote for sales during 2016 of 'similar' zinc rich ore deposits. So doubling the resource size, taking in to account increased metal prices you could get pretty close to $30m for a sale of 49% of the resource. Who knows really but it's not out of the question.

OldGasBag, I did some calculations recently and while your talk of £1 per share sounds outlandish at first (circa 8 times the current price and therefore 8 time the current market cap), it might not be all that ridiculous after all. This is what I posted some time back based on information coming from RNS's MAFL had issued previously and gives some sense of what they think the resource might be worth: ======================================================================================== Two things Hardy78, while it is clear MAFL are sitting on a substantial resource (albeit in the Indicated and Inferred categories which mean economic viability of the resource has not yet been established); a) how have you come to the $1.5B figure? b) how much is the resource worth to MAFL? Regarding b), MAFL's 29/06 'Final Results for the Year to 31 December 2016' RNS can give us some idea of what it might be worth to them; https://www.moneyam.com/action/news/showArticle?id=5575664 "The LS-1 resource is 4.5Mt of mineralization with a zinc equivalent grade of 8.1% That equates to 297,000 tonnes of zinc equivalent metal. The LS-1 resource is currently also being drilled with the intention of expanding the resource mineralization to between 8.0Mt and 10.0Mt. TH Crestgate believes that, if successful, the resource expansion should be at similar grades although at this stage there can be no guarantee that the zinc can be economically extracted. However, in 2016, transactions of individual zinc rich mining projects occurred at a mean valuation of US$75.74 per tonne of zinc equivalent metal, while the median value is US$10.83 p/t of zinc equivalent metal. To look at it another way, a group of 31 junior mining companies with zinc-rich resources, comparable to Lagoa Salgada, currently trade at a mean valuation of US$50.21 p/t of zinc equivalent metal, while the median value is US$14.78 p/t of zinc equivalent metal." If we take the mean value of $75.74 p/t of zinc-equivalent that comparable zinc-rich resources have been transacted at, for a resource of 297,000 tonnes of zinc-equivalent we get the following; 297,000t Zn-eq x $75.74 = $22,494,780 (not including any costs) - yes the Zinc and price of the other metals involved is higher than it was during 2016. 49% of this figure is $11,022,442 (again not including any costs). Hopefully the resource upgrade will be very substantial so any sale of the resource can achieve this number or better. ======================================================================================== My figure of $11,022,442 only takes in to account the current JORC resource, and also doesn't account for increases in the prices of zinc/lead etc etc (no valuation at all attributed to the indium or selenium either). It simply draws upon figures MAFL quote for sales during 2016 of 'similar' zinc rich ore deposits. So doubling the resource size, taking in to account increased metal prices you c

Surely they'll never secure a sale of the asset before the end of January? Prospective buyers will need more than a month to evaluate what MAFL and the Swiss company have got.

BKY on Vox Markets. Https://www. v o x m a r k e t s .co.uk/blogs/berkeley-energia-bky-rainbow-rare-earths-rbw-and-alan-green-on-tym-pdz-cer/

https://www.**********.co.uk/blogs/berkeley-energia-bky-rainbow-rare-earths-rbw-and-alan-green-on-tym-pdz-cer/

Gap-ups also do not help matters, this is already falling back. 54p might be a good point to buy more, although there is another gap lower down between 45p and 47p. Man I hate gaps.

You could well be right. I've been in here for a while, it's all about 2019 (although I was hoping for the latter half of 2018 initially but oh well).

The difference between the ASX and LSE is quite significant. It lags but also doesn't seem to ever catch up. Strange.

I wasn't referencing your post. I was referencing Hardy78's.

The grades of copper are far from exceptional. In fact they are low grade. It's the zinc, lead and gold that make this deposit attractive. That said, everything will contribute (including the as of yet unknown quantities of selenium and indium) to a high value concentrate.

�20m would be lovely. Circa 5 times current market cap here in cash (or possibly shares or a combination of).

It states this: "To put this transaction in context, assuming the successful move of the Lagoa Salgada Project into production, and full recovery of the resource outlined below, the dollar value of the in-situ value accretion to TH Crestgate's benefit is around US$144 million of additional in-situ metal to its credit with this transaction. However, at this stage, there can be no guarantee that this value will be achieved " A lot of assumptions there, namely, full recovery of an indicated and inferred resource. Also does it take in to account production costs?

I always try to be conservative so really low-balling things. Yes I think 8-10 million tonnes would be brilliant for the calculations below (which again don't take in to account increased metal prices). Will the new resource estimate take in to account the indium and selenium? Does any one know?