Member Info for swizz

Good to note Gold continues to gather traction and it looks as if $1500.00 is now a solid platform, it was probably not noticed by most, but it was interesting to note the point AB made in the recent Q2 update and the acceleration of grade quality in the next two quarters, just in case you are wondering, the below is where they are heading,....GL S

“Exploration drilling in the Ming North Zone (see Figure 1) has discovered significant mineralization down plunge of the historical mining limits higher in the mine. The current Mineral Resource and Reserve includes material down to the 705 level. The holes announced in this press release extend the high grade massive sulphide zone an additional 300 meters down plunge. This new mineralization is defined over a strike length of approximately 70 meters; “

· A total of 2,027 meters of new drilling with composited down-hole widths include assay highlights of:

o R18-722-01 - 19.0 meters of 4.1% copper with 2.8 g/t gold

o R18-722-02 - 7.3 meters of 2.8% copper with 0.73 g/t gold

o R18-722-12 - 25.5 meters of 9.4% copper with 5.1 g/t gold

o R18-722-15 - 17.0 meters of 3.1% copper with 2.3 g/t gold

· Lower footwall zone ('LFZ') diamond drilling has been mostly focused on ore stope delineation to allow for the timely completion of final design of well-controlled stopes ahead of planned production.

Perhaps not, but interestingly following the recent demise in the of sterling and the strengthening Canadian dollar, along with the increase in the share price of ValOre Metals, the Pedra Branca deal is now work in £ terms, £5,827,500.00, not too shabby for a circa £2m market cap and we still retain 100% of Ptombeiras West,....GL S.

It is worth noting the achievement of the new tailing facility now being part of the operational enhancement, a full two quarters ahead of plan, this in turn could potentially lead to additional infrastructure being brought back online to enhance the gold production in Q3 and Q4, it is certainly one to keep tabs on, but with the gold market potentially entering a robust phase, this has probably given AB and the team, the incentive to push on and complete ahead of schedule, ....GL S

A snippet from the technical report and the highlighted opportunities,..

“The Nugget Pond mill site has a 500-tonne per day gold hydrometallurgical plant located next to the copper concentrator that is not being utilized in this study. With any expansion of Rambler’s gold resources or participation in another gold play near to the Nugget Pond milling facility, the idle hydrometallurgical plant could take advantage of any deposit outside the Ming Mine area, and operate independently. With the addition of an independent grinding circuit at the copper concentrator, the facility would have the ability to process both copper and gold ores simultaneously.“

The original time line of the tailings upgrade, now compete ahead of schedule,...

"We have started work on our new tailings facility and intend to have it completed by Q4 2019, after which it will support production for 6 years. The tailings project includes some critical control components necessary to sustain milling rates in excess of 1,400 dry tonnes per day. We have also committed to replacing some key mining equipment that has reached the end of their useful life, as well as adding to our underground fleet to reflect longer hauls as we mine deeper.“

Commentary and recognition of the turn around is growing by the day,...GL S

https://twitter.com/proactive_uk/status/1159767036534427648?s=21

ob, I think until the Jangada board break cover and add some commentary on recent events, we are probably going to continue to tread water, the ValOre GM to appoint BM and LA to the ValOre board is on August 28th and in light of the news flow from ValOre in recent weeks, I would expect the Jangada board to restart their comm’s before the end of the month, in the mean time with circa 500k on offer at 1.02p, is it an opportunity?,....GL S

GN, it may be worth revisiting your spreadsheet numbers, based on the 2019 guidance and the run rates suggested, my calc’s make them profitable with C1 costs at circa $2.40 and the modernisation of the plant infrastructure, varying their extraction methods, along with the management overhaul does give them every chance of sustainable cost cutting measures, along with boosting production, so they are not just at the mercy of metal prices, albeit it is a factor for any mine, there is not to long too wait though, as the finance numbers should be along shortly,...GL S

Excellent Q2 and underlines they are very much on track with their turnaround plan,...GL S

The tailings news is an exceptional result as this will significantly enhance gold processing in Q3 and Q4,...

Andre Booyzen, President and CEO, commented:

"This last quarter's mine and mill performance has demonstrated effectiveness of the focus on continuous improvements that were started in late 2018 and still continue. Our staff and contractors are focussed on producing safely and exceeding production targets."
"We will keep improving mining production and the average grade of ore produced so that saleable copper production continues to increase. Our efforts with people and culture has brought positive momentum to our workforce with low absenteeism and low staff turnover now aiding production. A commitment to local recruitment and training has resulted in a stable and committed workforce."

"We have completed work ahead of schedule on our new tailings facility and are depositing tailings at Camp Pond under manual control as of July 18. The tailings project included some critical control components necessary to sustain milling rates in excess of 1,400 dry tonnes per day and these will be in place and operational by August 31. We have also committed to replacing some key mining equipment that has reached the end of their useful life, as well as adding to our underground fleet to enable longer hauls as we mine deeper.”

On route imminently by the looks of things,....GL S

http://valoremetals.com/news-media/news-releases/2019/valore-closes-cdn1771750-first-tranche-of-private-placement

CH, I think we are all keeping our heads down at the moment, but being mindful we are within circa 30 days of owning a third of ValOre, who in turn have a circa c$5m expansion and exploration plan for PB that will be delivered imminently, along with the CPR for the Vanadium asset Pitombeiras West being approx 30 days away, along with us having circa £2m to develop PW, plus also not forgetting our exposure to the ValOre Uranium asset Angilak, which is widely accepted as a world class system, which ValOre spent circa >$55M on exploration and increased the resource by 200% in 2 years and with Uranium very much coming back in the spotlight, hopefully we won’t need to keep our heads for much longer and more importantly neither will the Jangada board,....GL S

An example of smarter working,....GL S

https://www.fiixsoftware.com/resources/case-studies/rambler/

JP, all very logical and reasoned thoughts and with the benefit of hindsight it is impossible to challenge based upon the Rambler track record, but having spent a few months researching and also taking into account the intentions of Brad Mills and his network, I do believe there is some degree of optimism for both existing and prospective shareholders, since BM has increased his grip on the business via Plinian and CE, in mid 2016, there has been a weight of evidence to suggest they are very much on a turn around mission at Rambler, I believe BM stated out the outset that it was a 5 year plan and with his key insiders (some from Mandalay) all now taking key roles within the company, the latest one of those being Andre Booyzen who joined around March of this year (also ex Mandalay) and being mindful Boozen is considered a productivity wizard, I believe the necessity for Cu to be circa $3.00 and above will be realigned, as result of the business working smarter and at the same time boosting production, it is worth remembering that Mills is no fool and has wealth beyond imagination, so I don’t see him throwing the towel in just yet and he has clearly identified something at Rambler and his team are now hard at work delivering, if they are able to break through 1,500 tons per day of Cu and Au consistently and get up towards 2,000 tons, the numbers start to change very quickly and so IMHO will sentient and with Q2 production numbers hopefully not too far away, we should get a better understanding if my optimism is misplaced,....GL S

Perhaps the soon to be, Canadian division of Mandalay?,....GL S

“Jubilee Metals shows significant earnings growth and 'firing on all cylinders”

Some excellent insight into the numerous projects that underway and the Cu being brought online sounds an exceptional development without very little outlay with significant earnings enhancement,...GL S.

https://www.proactiveinvestors.co.uk/companies/news/900133/jubilee-metals-shows-significant-earnings-growth-and--firing-on-all-cylinders--900133.html

Indeed, but someone is also quietly adding in circa £1k clips and has been doing so for a number of weeks,...GL S

Evening DS, I am not attending the GM,....GL S

https://roskill.com/market-report/copper-demand-to-2035/

some interesting thoughts from Roskill today, which to some degreee underline that bombed out copper producers like Rambler may indeed be worth some research and potential positions, albeit with the usual risk caveats, I have started building a position in recent days and it should be interesting to note if the progress reported in Q1 has been maintained,......GL Shttps://roskill.com/market-report/copper-demand-to-2035/Some snippets...Global electricity consumption growth to accelerate, boosting copper demandA growing proportion of copper’s usage is in electrical end use markets where its properties are harder to replicate and substitute with alternative materials. As a result, per capita copper demand in the future will be more secure and grow at a faster rate between 2.5-3.0% per annum in the years to 2035.Electric vehicles (EVs) lead the chargeThe rapid growth in EV sales and fleets is one area where world electricity consumption will begin to accelerate. In 2017 global EV sales reached 1.1 million units, a 54% year-on-year increase although only 2.2% of all new auto registrations. Last year the world EV fleet grew to 3.1 million units, and the number of charging stations to 3.5 million. Electricity charging demand has increased from 34 Terra Watt Hours (TWH) in 2015 to 45 TWH in 2016 and 54 TWH in 2017. One projection suggests that the world EV fleet will increase to 13 million units by 2020 and 130 million by 2030.EVs driving rising intensity of use of copperDepending on the size and type of EV, copper content is set to double or triple compared to the typical 23Kg used in an ICE automobile. Hybrid EVs (HEVs) used more copper than ICEs, Plug-In HEVs (PHEVs) use more copper than HEVs, and Battery EVs (BEVs) consume more copper than PHEVs. All other things being equal, a trend towards bigger EVs, larger batteries and increased range will tend to be favourable for higher copper content. EVs have more complicated wiring harnesses, extra motor windings and copper anode foil (for batteries).

As the transaction completion is fast approaching, perhaps it is time to take into consideration the other assets of ValOre that we will have some exposure and interest in,....GL S

http://valoremetals.com/assets/angilak/

http://valoremetals.com/_resources/projects/angilak/presentations/Angilak_ValOre_Q42018_Feb1419.pdf

“ValOre holds Canada’s highest-grade uranium resource outside of Saskatchewan, and one of the highest grade uranium resources on a global basis. The 105,280 hectare Angilak Property in Nunavut Territory, hosts the Lac 50 Trend with a NI 43-101 Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds U3O8. Kivalliq’s comprehensive exploration programs continue to advance the Lac 50 Trend and demonstrate the “District Scale” potential of the Angilak Property. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please refer to Kivalliq’s (the predecessor company to ValOre) news release of March 1, 2013.”

“ValOre has invested over C$55 million in the Angilak Property since the acquisition on exploration, logistics, studies, and resource delineation work. Discovery potential at Angilak is significant, providing excellent potential to add value with an upward move in uranium prices.“

Good to note ValOre are planning to hit the ground running with their development plans for PB,....GL S

http://valoremetals.com/assets/pedra-branca/

http://valoremetals.com/news-media/news-releases/2019/valore-files-technical-report-for-pedra-branca-pgm-project

http://valoremetals.com/_resources/reports/Pedra-Branca-Project-Technical-Report-2019.pdf

“Pedra Branca has seen over US$35M of historic exploration expenditures by Anglo American Platinum and other companies, amassing over 30,000 m if drilling, extensive geochemistry and geological mapping, and high-quality airborne + ground geophysics. Targeting methodology is proven and effective, with the ability to constrain exploration signatures of the known PGM deposits and apply the ore deposit “fingerprints” property-wide. Over 20 exploration targets have been generated, and numerous additional untested anomalies exist throughout the District.”

“This area of Brazil is an exploration- and mining-friendly jurisdiction, and the project is supported by the local and state governments. Access is excellent year-round, and infrastructure is in place, including electricity, water, housing, office space, core storage and logging facilities, telephone access and internet.”

“The exploration potential of the Pedra Branca Project from both a resource expansion and greenfields perspective is highly compelling, with numerous property-wide surface to near-surface, PGM targets. This acquisition meets ValOre’s criteria in three key areas: high-value metal mineralization on a large scale; substantial project investments by previous operators; and obvious exploration strategies and process improvements which can be implemented by ValOre to add significant value to the project.“

I would be very surprised if they have not had the report some days ago and are indeed fully digesting the details before announcing, perhaps a few more days considering we had a circa 250m trading session just over a week ago, that came out of nowhere,....GL S.