Member Info for Tornadotony

Thanks for updating on the clinical side as I thought they had a research grant last year to develop it.

56,000 patients diagnosed with breast cancer a year. Let us assume nanoco supply a sensing material to 6,000 interventions as a surgical visual aid. The global market could easily be 120,000 and we are assuming nanoco has small market share. The nanodot clinical kit may easily be £100 per application of which £50 above all costs. This one surgical application could yield £6M a year in profit. Who is to say that it is not used in other intervention surgeries. Who is to say that the intervention is £150 per patient use.

any litigation income subsequent spent in previous

The case for optimism is that hot money is leaving in a hurry and the company is massively oversold.

The current price implies that yesterday's close was expecting £33M more on the settlement or $40M. It might have been $50M with yet another $10M for legal costs. The question then becomes is there a £33M valuation on a forward looking profile that would also recover any litigation received being earned back on top of that profile to get back to 37p. If surgeons were using nanodots in their treatment protocol on cancer surgery at 1% global market, I would say the answer would be yes as we are looking at £8M income a year.

£75M plus £6M in the bank. The organic value of the share was around 17p several years ago and I still feel this embedded in the share price. So just taking the £75M credit which has a £1.2M interest value this year, gives an additional 23.3p. the net value I have is 40.3p. What we are dealing with is the disappointment of it not being 50p plus.

NGR

Has the company given a future revenue and profit forecast once this litigation was over.

The company may well have a sensor application in cancer surgery in future years. The organic value is well higher than cash in the bank. LOM are mopping up cheap shares.

So it looks like a 40p price on that model. The company has £6M in the bank plus litigation and a growth business platform.

john an American phrase for toilet. Buzz perhaps a relationship with flying. This person uses a hook and then comes up with absolute clap trap.

We may need to think in weeks instead of days as central bankers are in deep trouble along with governments everywhere. In USA the gold eagle have an article that shows how USA is calculating inflation is changing this month and hence why no inflation forecasts from central bankers. They are pretending inflation is going down and they are pretending we are not in a recession. They are pretending whatever Government treasury departments do is up to them but the Truss fiasco shows it to be otherwise. Very few safe havens out there. Hence my slow drift back to Centamin. Do not worry about a few pence drifting around for now this will be a red hot place to be when the economic problems become even more obvious.

Gold chart gaps closed. Made my first ISA CEY buy just above 109. Small tranche. Keeping CEY only in ISA.

The Asian market which has for the most part offices in New York will also have closed the gold gap. Gold prices in theory to break 1950 again which is no longer a resistance point. We await to see if that plays out.

We do need a proper update on Dundas regarding timeline. Into February and spring months are just a few weeks away.

Added second bigger tranche average down on previous of 10p.

I welcome as much input as possible on this.

Eric mentioned that the quality of equipment procured for Singida was above the original plan and hence why more money was spent constructing the mine. The process capacity maxima was stated as 2,500 tonnes per day. If I assume the g/t was a conservative 2.25g/t and allowing for recovery rates this would give nameplate maximum production as follows;

2,500 x 90 = 225,000 quarterly tonnes processed. At 85% recovery 2.25g/t = 13,300 ounces per quarter.
(We know ore stacked up for the circuit contained just under 7,000 ounces of gold back in September 2022 and more was being prepared to fill the circuit. )
Let us assume routine is 60% of the nameplate as it may require some secondary elements to add on later in 2024.
= 7,980 ounces per quarter as routine production target.
Singida mine would be operationally routine for 1 July to 31 December 2023. This would generate 15,960 ounces.

With first gold pour during March the company would be ramping up operations in Q2. These start off slowly and build up each month. The Q2 total might be 1/3 of the routine nameplate. It could therefore range from 2,500 ounces to 3,000 for that quarter.

If Luika does hit 66,000 at the bottom of its range and Singida hits 18,700 ounces in 2023, the annual target bottom becomes 84,700 ounces which is probably a new annual record for Shanta. The high end would be around 92,000 ounces.

In 2024, Singuida would target around 32,000 with Luika primed for 68,000 ounces at the top end. The company would become debt free in Q1 of 2024. This would of course add to the enterprise value minus gold depletion rate, but adding back new Tanzanian ounces converted to reserves.

I would add 1.5p to the valuation price when Ramula resources arrive and Singida reserves value increase $40 per ounce in lieu of a functional mine in operation.

I should also mention some of the buys are actually sells and some of the sells are actually buys in the above. This happens all the time as to where sellers and buyers are matched up as the price is moving around. The price went down this morning so those buys have to be sells. Hence why we can not rely on sell and buy volumes which are quite useless on LSE above.

Mumbles lets watch and see if we have a couple of traders out there. If they break 52p and carry on selling this morning they will drive the price down if we do not get a buyer helping out the market maker. We will then see at what price the buyer shows up. We may not have many traders here but it only takes a few to move PRE share price around if they want to and which side the market maker is either short of stock or has many to sell.

In the last RNS,

Bluejay's most advanced project is the Dundas Ilmenite Project in Greenland, which is fully permitted and undergoing further optimisation work. The Company has agreed a Master Distribution Agreement with a major Asian conglomerate for up-to 340k tonnes per annum ('tpa') of its designed 440ktpa annual output. The Company has also mandated a major European bank to head the financing syndicate for Dundas.

The wording has changed from what was written before about the project. It suggests they may have received analysis results back as how could they undertake optimisation.

It looks as if the dump has stopped. Fortunately only own a small position on this one which I was keeping for 2024 anyway. The new mine in Brazil will get HOC out of a lot of mess.