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Lyndon , what % id like to keep on a JV? I would like to keep a majority of the DSO project so >50% because its easy to get going but with EH/munni munnu I am happy to be a minority holder . These silver/PGM mines take insane capital to get going ( although we already have a mining license for EH which is massive time saver). % of something is better than % of 0 .
Yeah I think they stopped mining at $5 which is just insane to think it ever was that low. The problem now is the costs to get it up and running again and to drill around it more to get a better understanding of size. I assume they where mining all the obviously ore /easiest to get at first.
Honestly I think it needs a 10milliom drill campaign with 100 holes to really see what we have
Lydon I'd love to mine the EH ourself but the board have already highlighted we aren't miners . I am also concerned that by the time we get any DSO profit the hype behind silver may be over. But I still expect like €40 silver going forward but let's say it goes up to $80 and there is hype wouldn't that be the best time to get a JV partner .
norm i agree this board needs to appoint a real ceo soon. they need to push the pgm/silver narrative in the background while silver is the in thing. look to get a jv for the silver, as we are never mining this on our own, in my opinion. in the background, the hann**** paperwork should be finalised. momentum is a real thing which you cannot waste in this game.
Moon, I enjoy your commentary on the board; it's entertaining, but I don't believe you have any insider knowledge. Today's SP rise is probably because of a number of events, including Silver's performance... Interestingly, we are above the 200MA, which hopefully triggers some capital flows into us if there are any PM algos out there.
@sinter its hard being patient , part of the problem is when the leadership is subpar it has a compounding effect. If you have good leadership skills, which are clear about timelines and strategy, then it's a lot easier to sleep at night. Many still don't know why so many CEOs come and go. It could just be random and no real reason but given time the mind wanders to the worst ideas that something bigger is afoot.
Bfd yeah its my take that there is now no hurdles to overcome other than government sign up/paper work exercise. Someone correct me if I am wrong... but expect "buy the rumour, sell news" . still what an amazing entry price if it comes along with a JV
Moon you can be excited about silver but I think you should clarify nothing about your excitement is directly related to any meetings or knowledge on ufo. I think people would appreciate you stating this otherwise its misleading. Just say your excited about another bull run in silver and what that could mean here
Well, with the development of AI, it will be more impossible to determine who is real and develop strategies which work. To the point where most of us will be better off just investing in an index which goes up directly as inflation goes up, and alpha will disappear.
I think its quite easy to make comments on a board. If you have your phone and bored and want a company/stock to do well its only natural your going to make comments . I wouldnt hold the volume of comments against anymore as much as the quality..
Chris2 ok now I know your an idiot or deceptive in nature. I see your stats have been pulled from statisica. 3 points. 1) You dont seem to understand how a moving average works in general 2) I am not sure if these numbers are highs or averages would need to confirm. 3) In any case in my original comment I said from 2018 did I not ? So lets share all the stats, we will even use your source
2018 : 69.8
2019: 93.8
2020: 109
2021: 161.7
2022: 121.3
2023* 108
Forrest its closer to $60 , and depending on the JV this could be decreased of course. If the initial finance is sorted to get this rolling there is no doubt in my mind a profit will be made. Thats why the SP price is insane at the moment and why its even more frustrating the board are as crap as they are because on paper this is as easy as it comes. Its frustrating seeing other AIM lithium miners get going and we cant even get iron project rolling..
Chris2 what is the trend in price over the last few years? Its up right? So I have no reason to suspect this won't continue with population and infrastructure growth. We just need it to keep around $100 to be in a good position, I can't see it ever returning to $60 which is the level we would need to stop production. So the daily and weekly updates in price here are just silly. Take a step back and think
To me it doesnt matter if the price of a commodity has dropped from a high, its called a high for a reason. What is more important is say look at its long term moving average values/trend. It is only going in one direction since 2018. I encourage call to plot TIO! on their chart with 200SMA