Member Info for Tex2374

.... but it doesn't seem uploaded yet, I guess that will happen shortly....

LOL the TiO2 numbers are just crazy. Thanks for posting them DCAT.

Not too long to wait for PEA 2 ‘bigger and better’

What information? The last RNS was pretty clear.

I’m more interested in the funder/funding/££ information we were supposed to have early 2021.

If people can’t live with their money tied up for
minimum 12 months and can’t see the value in the play then they shouldn’t invest here.

The tiny free float also means volatility, so this may not be for the faint hearted.

Not trying to put investors off, just being pragmatic.

This is a minimum 12 month investment in the run up to production, with lots of interim news due and with a major event in Q2 with the extended PEA.

If people are looking for a couple of weeks investment for a quick profit then this one doesn’t fit their strategy.

The current sellers will hopefully be replaced by stickier hands!

Now we have the first ‘basic’ PEA & figures, you can just focus on the MCAP and make your mind up about what it should be at production.

My view is a multiple of the level it’s at, at the moment. IMO DYOR etc.

As DCAT and others have said, the Q2 PEA is the game changer. The fact that they can released a PEA based on the most basic route to monetisation and still show a 3 month pay back tells you this is just the up of the iceberg.

lets assume 25% reduction, so $7.1m capex required = circa £5.3m capex.

18.5% holding after the next tranche of shares means we can cover it if the ValOre mcap gets to about C$70m which would require a 100% increase from current position (up again today so far)

Could work.... but of course selling an 18% is not going to be simple.

anyway food for thought. :-)

Swizz also posted some articles last year on the Brazilian govt offering funding and incentives to encourage local mining... Could be another option.

ValOre MCAP is £21m currently, we all know that it could see a big re-rate at any time. there is the argument that our 18% stake (with a bit of luck on timing) could cover all the CAPEX requirement, especially if they are able to reduce it from $9.5m.

I like the theory on signaling to Largo...!

Anyone have any ideas or thoughts on how they would achieve this? $9.5m didn't seem huge... Are they alluding to Partners? Or more efficient operations?

From PEA RNS
"We also see feasible opportunity to significantly reduce initial CAPEX"

We are banging our head against 12p, just taking a breather at the moment but I'm sure we will see another push this afternoon...

Very pleased with the additional interest today.

Slow and steady suits me just fine..

Tex

Thanks Swizz!

I wonder when we will hear on the Trial Mining License.

With the positive PEA tick in the box is there any reason for them to not start the application now?

I assume they will release an RNS when they start the process.

Nice solid momentum so far today, hopefully this will be a continued controlled rise as more and more people understand the story unfolding here.

Have to say it caught me by surprise, very nice way to start a Tuesday and very glad that we have the PEA tick in the box and now we are moving onto executing the next milestones - explorer to producer!

I expect we will see an updated investor presentation in the next day or so which will be great and don’t forget we are also going to be getting some rich news flow from all the other sources & plays, as well.

What an exciting time for all investors here! As many have said thanks to DCAT & Swizz for sharing their insight and numbers and all the research over the past years.

Tex

Great news! The next chapter begins!

Love the timelines as well.

Perfect timing DCAT!

MFM if your charting is as accurate as your RNS predictions we are all going to do very well out of this :-)

Thanks Shez. JAN is becoming a common fixture for Zak which isn’t a bad thing, he has a good story to tell here and gives us good coverage..

I think in the next few weeks the market is going to wake up to what’s going on here. The BoD have kept JAN below the radar (which I can’t complain too much about) and the market has missed what is happening... that is slowly changing though, expect some exciting trading days ahead.

Angilak has definitely come onto the radar recently and the uranium crunch is coming. ..... Angilak in itself could be transformational...... let’s see.

They have already invested a lot of money in the exploration.

CsntClough, looking at your historic contribution to the board I tend to agree.
Tex

Thansk. MFM, I also think we will see some more news this week. The ValOre 500k share update should generate an RNS and there could also be something from ValOre on their private placement or more drill results from Pitombeiras, or Mocidade update?

I would love to see something from ValOre on a further investment plan for their uranium play at Angilak!

Definitely looks as though momentum is building again for JAN. Fingers crossed for a good week ahead.

Tex

What’s the group name Strange? thanks