Member Info for Shurething

Thanks

Hi Castiron,

I know Galileo have been around a while but have never really followed them. I'll take a look - tomorrow hopefully and let you know.

Re. Rare Earths in Africa - there considerable potential in carbonatites, pegmatites associated with large I-type granitoids (e.g. in Zim - the RBW target) and in differentiated ultrabasic / alkaline suites. The latter are under-investigated because of perceived lower exploration potential due to their light REE bias rather than the more valuable M & HREE's.

Good afternoon folks. I didn't create Centamin - I just explained how the Soviet geochem anomalies aligned with a number of transform faults and how virtually all the significant historical gold occurrences lay along these structural lines (classic 'hot jogs' and 'cold jogs'). A couple of guys at the survey were the ones who set Centamin up along with pricate sector backing.

The Eastern Desert is also where the Phaoronic gold came from for the Valley of the Kings, Luxor, etc. You can still find hieroglyphs on the rock faces of their stone quarries.

Crucially none of the Egyptian geo's were geochemists so to them the maps (in Russian) were just gogbbledygook. In reality Russian geochem and geology maps are not difficult to understand.

Why don't I volunteer? Well - I've worked the last 11 years continuously in Africa but have now pretty much retired. If I was single I'd probably still go over there on contract - but family responsibilities and all that!

Africa has been so interesting and fun. I worked on projects in Gabon, Uganda, Rwanda, DRC, Zambia, Malawi, Zimbabwe, Mozambique and South Africa. The Bantu are very easy to get on with most of the time - government officials and the police less so as they often see $ signs! Snakes, scorpions and bees are the main hazards, large mammals and other things with big teeth less so unless you are in National Parks, GMA's or rivers . Camping in the middle of nowhere, countless hours of dirt roads, chilled African beer and sitting around a camp fire chatting with your field team - priceless!

All the best to you all!

To OAPK20, GaiasKidney, Groover,
I've spent 40 years in exploration and worked for dozens companies (including 'majors') on evaluating their licences, including . That includes 'dump' evaluations. I am not trying to deramp - why would I when I've been in this since just over 7p? OAPK20 you seem to have a sarcastic attitude! In the mid-90's I was working in the Eastern Desert of Egypt and staying at an old gold mine in Wadi Hammamat. Was asked my our hosts the Egyptian Geological Survey to do a talk on the prospectivity of the Eastern Desert and taken to an office where there were dozens of rolled maps left behind from the days when the Soviets were in country, which I was able to decipher and use in my talk. From that data Centamin Egypt was spawned. Success in mineral exploration is driven by good fortune as well as company management and these guys have the right ground or material, the right management approach and potentially (like Centamin) billion dollar potential. How they carry out the drilling (i.e. the detail) depends on how they aim to raise development funds. For a 'serious' operation this conventionally would be by means of a bankable document.

Drilling at Phalaborwa (generally known as 'Palabora') will be costly. It's one thing to pop down a few holes to demonstrate continuity but in order to categorize it as a resource involves a similar amount of drilling as if it was a 'hard rock' deposit. The drilling may have to be pretty close-spaced (that would depend on the heterogeneity of the 'mineralization' within the dumps so would conventionally be carried out in 2 or perhaps 3 phases). First phase samples would be analysed and the data block modelled before moving to infill drilling stages, subsequent analysis, final block models and reserve calculations and reporting. The modelling work would not be carried on 'in house' but by a qualified resource geologist. Not a 5 minute job! The Chinese tend to just use pitting and bulk sampling for assessment of dump materials but of course they are not conforming to JORC.

Drilling at Phalaborwa (generally known as 'Palabora') will be costly. It's one thing to pop down a few holes to demonstrate continuity but in order to categorize it as a resource involves a similar amount of drilling as if it was a 'hard rock' deposit. The drilling might have to be pretty close-spaced (that would depend on the heterogeneity of the 'mineralization' within the dumps so would conventionally be carried out in 2 or perhaps 3 phases. First phase samples would be analysed and the data block modelled before moving to infill drilling stages, subsequent analysis, final block models and reserve calculations and reporting. The modelling work would not be carried on 'in house' but by a qualified resource geologist. Not a 5 minute job!

Ticked up again. This looks to be headed north of 2p over the next couple of trading days.

Buys and sells have pretty much balances throughout the day. No great 'splurge' of either. Any movement in price therefore is not being induced by trading frenzy!

Great that this has finally started to move significantly - after a few days of small upward moves

Agreed. A very difficult one to value this company but enormous potential upside - particularly once they've sorted out their strategy. Narrow vein stockworks are very difficult things to assess because you have a high waste to ore ratio. However, with a plan to push the waste downslope into the valley tract waste removal becomes very cheap. No significant 'nasties' in the waste by the look of it so the Environmental Management Plan should be reasonably straightforward.

MM little games - the MM's are stretching the price out, then dropping the bid, before applying an upward movement to both bid and ask. That way they are slowly filtering out a few sellers while they push the price up.

For those new to this site, this report sums up Rainbow's assets in Burundi. Licence area is readily accessible from the capital.
http://rainbowrareearths.com/wp-content/uploads/2020/10/Technical-Report-on-the-Gakara-REE-Project-Burundi_Final-v2-rs.pdf

All that is required is a further twist to this saga re. BRH / RMS and P2F. All sorts of naughty things went on over several weeks and the cash pool is a result of them. I was holding in both so saw what was happening in detail but I feel the declaration of the special dividend does not legitimize what went on.

https://www.thailandmedical.news/news/breaking-male-infertility-research-shows-that-sars-cov-2-coronavirus-may-indirectly-cause-testicular-damage-in-male-covid-19-patients-and-also-orchiti

Just mankind Nicodemus - rather than capitalism. The biggest cause of deforestation in the world is agriculture - that says it all! Perhaps Covid (or the vaccine) will come to our rescue by causing sterility - the planet needs some sort of miracle!

Agreed!

This is on today: https://www.can-mining-make-the-world-a-greener-place.com/
for those interested in a greener future

JORC compliancy - i.e. reserves and resources assessments / calculations / estimations actually has relatively small overlap with mineral exploration. Almost chalk and cheese!

'Treading on toes' springs to mind! I could write to Malcolm Titley who led the JORC-compliant evaluation as I know him well, but CSA are probably not currently working on Gakara. RBW could try GPR for vein swarm mapping - it has been used to map out gem-bearing pegmatite veins - although its success depends on vein widths and the weathering properties of the host rock.

I'm not suggesting they aren't but as I've worked as a Consultant Geo. in mineral exploration for over 40 years I do know what I'm talking about and I am able to spot where their methodology could be improved.