Member Info for Timid

That would suit me just fine.

I'm the seller of 1m at 1.65p. Does it show on the offer in the market? I'm in Aus and in the dark, in more ways than one! I have no idea how the MMs run the mkt.

Anyway, there 1m shares for sale at 1.65p for anyone interested in a bit of volume.

ATB,
T

Predators circling? Warren Irwin seemed to be suggesting that with this comment yesterday:
"Ecuador is open for business (for now). Copper is rocking, SolGold is a bit of a sitting duck. I think BHP and Newcrest would be easy to knock off and for an aggressive acquirer to muscle them out. We'll see what happens, will be fun to watch. Pressure builds everyday as copper moves higher."
Let's have a bidding war!

If only it were true1

I 'm sure Barrick would love to own Cascabel. :-)

Let's see what's down deep at TAM. Hopefully holes 10, 11 etc are hitting 1000m at 2% Cu & 2g/t Au.

Just dreaming.

"The full order is left with the MM to fill as and when, but with a firm limit price. That is why MMs sometimes have to 'manipulate' the price as some might say on here, to pick up all the stock they want piecemeal until the order is filled."

Is this for the main board or some quirk of AIM? Sounds odd for a mature mkt like LSE.

I wonder if Hole 9 (or subsequent hole/s)) at TAM have turned up some high grade Cu.

The RNS was suggestive of something good, especially the decision to add more rigs to the 3 already spinning on site.

An economic deposit at surface with a high grade kicker beneath would give impetus to Cascabel project economics.

The majors might also be thinking that the "window of opportunity" is open in Ecuador with the current govt. regime and so better to make haste with M & A, project plans, approval, financing etc.

There's enough in the high grade Alpala core to justify a mine at current Cu & Au prices and for BHP, Newmont etc to buy SOLG at 2x current SP.

BTW, that would value Cornerstone somewhere around CAD15!

Have a look at Challenger Exploration - CEL on ASX.
Although the main project is at Hualilan in Argentina there is a 2nd project in Ecuador contiguous with Cangrejos - 17moz Au at 0.6g/t. MD Kris Knauer believes Colorado V/El Guayabo could well be the other half of C. Drilling to commence next month. Many excellent videos on the website.

Good enought to want to increase the rig count from 3!
"Drilling at TAM continues with three diamond drill rigs and further expansion of the TAM drilling fleet is planned (Figure 3). Cross sections through the centre of the target are provided in Figure 4.
The intersection of noteworthy porphyry stockwork mineralisation encountered in Hole 9 in the deeper portions of the drilling area contained high abundance of B-type quartz-chalcopyrite veining (Figure 5). This intense mineralisation hosted within a pre-mineral intrusive breccia host rock, suggests that a fluid-rich source intrusion may be intersected through further drilling at depth, and highlights the potential for a deeper bulk underground target that may lie beneath the current drilling area.
Further drilling is planned to test for the potential of a deep-rooted porphyry system."

If the IO price holds anywhere near the current level & NRR can ramp up production to >5mtpa then AMC is an iron ore co!
I'm not sure if Phase 1 production is limited to 1.5mtpa or if the plan is to add another 1.5-2mtpa.

Can anyone clarify? https://www.nathan-river.com/about-us

I was thinking about this too TD2.

NRR probably getting > ~$150t FOB?

Surely mining cost is <$50t.

What's the trucking cost for a 350km round trip? $25t?

Currently shipping 1.5mtpa.

Stage 2: 4mt

You could make an argument that AMC's 13.43 % of NRR is worth the current £23m MC.

What are the chances of the owners using AMC to do a Reverse Takeover?

Are RTO's allowed on the LSE?

Anyway all food for thought while waiting for something/anything to happen at KM.

Who are the three potential partners? I assume you are not including Cornerstone.

BHP/NCM JV for 100% of Cascabel IMHO.

Yes strip ratio is one issue but it looks like it's being addressed.

From 16 Feb, 2021 NR: Robin Young, CEO of Amur Minerals Corporation, commented:
"Ongoing work continues on the compilation of the TEO and we have further identified that underground production may be a viable and better financial option as previously defined by RPM in previous study work. "

Looks like there's a possibility of good news on a couple of fronts.

This name requires patience!

" RPM Global ("RPM") has been engaged to update the 20 March 2018 JORC resource estimates to include the 32,526.5 meters of drilling completed in 2018. "

This will be good for the mkt as it will allow investors to easily compare projects e.g. Kun Marie with Centaurus Metals' ($CTM.ax) project in Brazil. CTM has a MC of AUD235m.

Hopefully the market will get a surprise.

(Centaurus' Jaguar Project has an updated Mineral Resource Estimate for the Project in February 2021 of 58.6Mt grading 0.95% Ni for 557,800t of contained nickel.)

" You cannot be an excellent explorer, which is what Nick is, and at the same time be an excellent mine builder. Nick was great at what he did, glad the reins on in the hands of mine builders now. "

I'm glad you said that. I've just taken a position in $NPM.ax New Peak Metals on the ASX (NM chairman) which is an explorer in Argentina (amongst other places). You certainly were consistent in your views on NM.

There's certainly a lot to look forward to now for all parties and any help from BHP & Newcrest, particularly on blockcaving, is welcome.

It must be a great outcome when everbody wins!

While we're at it "GO CORNERSTONE"!

From Macquarie Bank 18 Jan, 2021: "There have been some large rises in chrome prices in recent weeks. Spot charge ferrochrome into the Chinese market has risen from around 70 c/lb to 95 c/lb since the end of the year following Chinese government enforced closure of power inefficient ferrochrome furnace in Inner Mongolia, which accounted for 65% of Chinese production in December. "

Thank you RLB for this reply and all of your posts. They give a wonderful insight into a little corner of the commodities room.

I'm waiting on some news elsewhere to sell into and will redeploy some of that cash here.

Just 12 months at these elevated Rh prices sets up a great future for THS. Who know where the Rh price is headed.

Why are people comparing THS to non-Rh plays? Why bother?
This name looks like a perfect way to play the rising Rh price.
FY2020 - Rh -was 9.6% of production but 51% of rev. And the Rh price last FY? <$7koz.
Is there a better company to get exposure to Rh? I'm a complete novice in the Rh space but who wouldn't want to be in this playground with the Rh price rocketing?
Thanks for the great commentary from a couple of posters.
T

Hi CBS,
Yes, 2p attracted the sellers.
Went back in today at 1.75p hoping some of those who took part in the CR might be prepared to offload if there was a decent bid showing.
Looks like I've picked up a few. Thanks for the encouragement to stay calm and wait for the selling.
I'll have to find more cash and back up the truck again tomorrow!

Depends on what your mining apparently
https://en.wikipedia.org/wiki/Stripping_ratio

Thanks CBS.
R u on Twitter?