Member Info for Tedwyn60s

Namibia leads Africa’s $124 billion critical minerals race as global demand surges | Business Insider Africa https://share.google/oX8fC5S4QrREOB3PP

Lucky

Hope you are correct 👍

Being a business owner i now must admit that the 7m funding looks like it will come at the beginning of the new tax year ?? so first week of April so just over 2 weeks from now, IMO though, hopefully it will be sooner but new tax year sounds right to me ????

RMC

dont panic

Apart from the big seller all still looks OK

that selling is drying up now

This afternoon will tell us alot

The spread is now tightening too ??

Charles archer article from 19th November 2024

Worth a read ??

some interesting parts 🤔

Bezant Resources: producing next year? - by Charles Archer https://share.google/pEwrvVyYxm4eIyMue

RMC

Yes I agree that even though the daily average is higher than normal it needs to be much higher for when it spikes, a few months ago I watched a 3M Market cap AIM company do 2.6B volume in one day, the previous day it hit 2B then it spiked 500% very quickly.

RMC

yes AI also said someone like Colin is Hoovering them all up, last week after the news it looked liked there was no interest in Bezant but as soon as they tested 9p this morning the volume went mad compared to last week so the interest is definately there for when the 7m funding RNS is announced

11.30am

Volume is extremely high

178M is:

180% of the entire 3-month average daily volume

And it's only late morning.

That is institutional-level participation, not normal retail noise, get in at these prices while you can, is the big RNS going to be tomorrow 😀??

8ead

Last week the daily volume was low all week until Friday when it went over the (3 month average 99m ) and finished on 117m, today the volume hit 105m in first 2.5hrs, share price should come strong this afternoon maybe

Prickly

Its you who is thin skinned as it was you ranting on about the 16 pence share price 😃

AI wants to know if you have considered deleting two letters from your name 😃

Prickly

An AI update 😃

Yes — the 66 million ounces of silver number is real, but it’s important to understand what that number actually means.

The Namib Lead Zinc Mine resource statement shows:

1.12 million tonnes of ore

containing approximately

25,900 tonnes of lead

74,200 tonnes of zinc

66 million ounces of silver (in-situ) �

North River Resources +1

⚠️ The key detail: “in-situ” silver

The 66 million oz is metal in the ground, not what the mine will produce.

“In-situ” means:

➡ Theoretical metal contained in the rock before mining losses, recovery losses, and dilution.

What the mine actually produces

The feasibility studies for the project estimate annual silver production around 280,000 oz per year when operating. �

Mining Weekly

So the mine economics look more like:

~250,000 tonnes ore processed per year

~280k oz silver annually

Why the “66M oz” number looks huge

Because it counts all silver present in the ore body, not just recoverable metal.

Think of it like this:

Category

Silver

Silver in the rock (theoretical)

~66M oz

Recoverable in mine plan

much smaller

Annual production

~280k oz

The silver grade explains the number

The ore averages roughly 40–45 g/t silver. �

Mining Weekly +1

That’s actually quite a good silver grade for a lead-zinc mine.

Example comparison:

Deposit type

Silver grade

Typical base metal mine

10–20 g/t

Good polymetallic mine

30–50 g/t

Namib Lead Zinc

~40–45 g/t

So the grade itself is believable.

Interesting point for your earlier question

That ~43 g/t silver number may actually be the “42” someone misread as gold in that LSE post.

So the person probably confused:

42 g/t silver with

42 g/t gold

Which would explain the huge mistake in their calculation.

✅ Conclusion

Yes, the 66M oz silver figure is real.

But it represents total metal in the ground, not mine output.

Actual production is a few hundred thousand ounces per year.

Prickly

You said last week that you have very little interest in our ( Namib Lead-Zinc Mine ) because its just lead and zinc and that's worthless to us and we only bought the 90% stake for the machinery?? have you bothered to looking at their website ?? There is also 66M OUNCES of SILVER and some GOLD, here is an extract from their website ?? Operations at NLZM have been modernized using sublevel retreat open stope mining method and floatation technology to produce high grade zinc concentrate and high-grade lead + silver concentrate for shipment to referred smelters.

The project has > current JORC esource of 1,120,000 tonnes, with a resulting underground in-situ metal inventory Of

25,900 tonnes of LEAD

74,200 tonnes of ZINC

66M ounces of SILVER

As of mid-March 2026, 66 million (66M) ounces of silver are worth approximately $5.4 billion to $5.6 billion USD based on spot prices

Yes maybe its all underground but its there ??

Namib Lead Zinc https://share.google/PidNKppHBby8wht5i

CLICK ON OPERATIONS

Prickly

You said that AI is nonsense but what you said on your post dated 9th February was definitely nonsense as you said we would get 42grams of gold per tonne, if that was true then we would be one of the richest gold mines on earth, yes AI makes mistakes but so do all of us, so maybe check your calculations again, also you keep going on about Colin said this Colin said that and none of that is true until its in an official RNS ??

Prickly

At least AI has a warning ⚠️ that not everything it says is true ??

Prickly

AI says not to listen to you 😆 as nothing you say is true unless its confirmed in an RNS 😆 I would try and get you that RNS tomorrow at 3.39pm but my old Computer Said NO 😄

Weir to supply Bezant Nambia operations with 150 t/h crushing and screening plant - International Mining https://share.google/2GK0DroPWQxw4VerV

So AI has said that if yesterday's RNS came out at 7am instead of 11am then the price would of hit 16 pence yesterday, so hopefully we will hit that before close today maybe ??

Worth a read about Unitrans

Ubunye Mining Services crowned global Rio Tinto Contractor of the Year - Unitrans Africa https://share.google/gI1EkItmQZiomLott

1️⃣ Colin Bird in Namibia

Likely purpose: finalizing key agreements.

This would include:

Licence signing / renewal (NLZM)

Mining contractor deal (Unitrans five-year agreement)

His presence suggests hands-on involvement, which often signals management confidence.

2️⃣ Why this matters

Executive travel often coincides with major operational milestones.

For shareholders, this is a positive signal: someone with deep knowledge and influence is personally overseeing execution.

It aligns with:

RNS confirming Unitrans deal

Stabilized 11p–13p spread as market digests news

Absorbed selling today (large orders being picked up)

3️⃣ Implication for the £7m funding

While this doesn’t confirm the funding, it reduces perceived risk:

Licence and contractor deal are prerequisites for starting operations.

Funders are more likely to release money when these are in place.

So even if the £7m RNS hasn’t dropped, the market can anticipate it is very close.

✅ Bottom line:

Colin Bird being in Namibia is a strong signal that operational groundwork is complete. The funding announcement could follow very soon, and the market is likely already positioning for it.

Overall Operationally very positive. This clears a big hurdle for moving from exploration to production. Market reaction may be muted today, but the news sets up a strong near-term run if funding and processing ramp up smoothly.