Member Info for Teacup64

Anjin was the rightful owner to the Heritage concession. They were issued a mining license that post dates our EPO. Zimbabwean politicians were applying pressure on Chitando in Dec/Jan stating that "if Zimbabwe is open to business", then it should start by "following the rule of law". This was directly referring to Anjin. It's not to say we don't have a special deal, but it's a real possibility that diamonds maybe off the menu.

Carrefour - Thanks, I appreciate that. But as always, do your own research. FAHP - Thanks, but tailing off, doesn't necassarily warrant financing. It's the funding of BP without knowing what lies beyond. The last thing I want to see is BP not do so well, and everything we do have has been thrown at it. Spending a little more on measuring first could land us the jackpot, then it's worth throwing the kitchen sink and all at it!

And to make it clearer, a P1 category doesn't rule out that it could be higher than 6% in reality. All I'm saying is blindfolded spending is dangerous. We should check further before committing. I'm not trying to stir shit.

TBTT - Production results do not say what lies beyond the next foot....just what was in the current extracted section. Previous grades may well have been good, but it can't predict the future grades. Further, I do not dispute Russian standards at all, in fact, I prefer them in many ways. But that doesn't get around the P1 category....otherwise your saying it's a reserve! So no, it's not *******s, far from it!

This is starting to move fast!

What did you say earlier about 1p and the rerate thereafter? ....There still the RNS prediction to go for a royal flush ;)

Carrefour - I'm in fear of sounding negative here, but.... BP could be profitable, AP has mentioned that himself, the RNS has referred to 1.8mt at a 6% copper equivalent....so he right to say that it's profitable based on those figures. If you read the RNS in question, he states that the figures are derived from Russian standards(Reserve & Resource Reporting System). He states that BP is only classed as a resource. Now if you look into the Russian standardisation system, you will find that BP is not considered a category A, B, C1, or C2 reserve, but either a CP1, P2, or P3 resource instead. If you dig a little deeper, you will find that BP fits nicely into the Prognostic 1 Category(P1). P1 resources are calculated using as little as one drill core, and any surrounding structures. In BPs case, it's ~50km from the Rosia Montana mine. If 1.8mt @ 6% copper equivalent is derived from such a potentially small dataset, then the BP project could in reality be a massive hole, or a jackpot. Before funnelling all our funds towards BP, I think shareholders need to know what exactly they are getting into first before committing ourselves.

This static price is more boring than having to listen to the filtered one's!

Dodge - I do agree that it's possible that Vast isn't out the picture entirely yet. There could still be a profitable operation possible as a JV partner.

TBTT - Sorry to sound the pessimist, but what your suggesting would strip us of our profitable mine, leaving us with the loss incurring Manailla, whilst gambling on BPs worth....what if BP turns out not to be as expected? I do see where your coming from as far as debts are concerned, but that's one he'll of a risky move isn't it?

...but I'll still wait for official confirmation from the state or AP first, if it's not out already. That is my catalyst to move in, so I'm going to look now I think.

Good find, but it's ashame really.

Ian67 - I'd disagree. Regardless of the pro or con comments that are made, it certainly shows that on the sideline, there is plenty of people with interest in the company. When would I not be here?......if it wasn't worth it for me to be!

Although I have my doubts in several areas, as most here are probably already well aware of. I'm still here, and have done so for near 6m....regardless of me thinking I can hold off any purchases in the meantime, I fully accept that Vast could rerate fast on a single piece of material news being announced. I could keep referring to the P1 resource, but can you imagine if a P1 resource isn't just later discovered to be a field with a few contained metals, but rather a P1 resource that turns out to be stupidly rich in metals....that would change the dynamics entirely! Speculatively, Zimbabwe may offer us the same near term too. Although there is a chance of failure in our assets, I don't disagree that it could be the complete opposite....that's why I'm here still, and probably the same for many others who are doing the same as me. Yes, I accept that my debates maybe interpreted as containing poison, but the rosy stuff is accounted for....all I want to do is indirectly apply pressure to AP to hopefully force a disclosure of some sort....good or bad. But it's better to know than not. Put it this way, if I were to ask AP directly, he wouldn't respond(from experience). If I were to get the retail investor base asking the same, it would force him to potentially show his cards before commiting the company to something we could all later regret. Anyways, without bringing in my other points, I just wanted to clarify my position.

Steven - I've got about 30-35% raise to go to break even. But about a further 200% to recoup all losses made on XTR about 3yrs ago, but that's not overly important to me. Either way, things are looking much better though, thank God.

...price raise, obviously!

What a nice morning raise to awake too ;)

As I said though, I will leave you all too it.

Sardy - I proposed an idea a few months back and got jumped on leading to arguing....remember that. That was supposed to be a debate but turned out the opposite.

This time, I said the same, and Sandy told me I had an agenda....starting off the second argument.

I believe it's the people on this board that turn a reasonable debate to something much greater. So yes, I debate, everyone else appears to destroy it.

FAHP - I apologise, I will leave you all alone. I just don't like to be shut down, so appreciate your last response.