Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Rockfire Resources: No PEA/feasibility study for Molaoi Zinc mine.
Jorc 2.3 million tonnes @ 11 % ZnEq. for 250,000 tonnes of ZnEq.
********************OCTOBER 2021 TINKA REPORTS UPDATED PEA FOR AYAWILCA PROJECT
********************HIGHLIGHTS POTENTIAL TO BECOME TOP-10 GLOBAL ZINC PRODUCER
Tinka resources: Fully advanced PEA/feasibility study for Ayawilca Zinc mine.
The PEA (preliminary economic assessment) for the Ayawilca Zinc Zone is based on an underground mine operating at a mining rate of 8,500 tonnes per day for a mine life of 14.4 years.
This initial mine plan is based on mining a total of 43.5 million tonnes grading 15.56% Zn, 14.5 g/t silver and 0.20% lead over life of mine (“LOM”) using an NSR cut-off value of US$65/t.
The zinc-rich mill feed will be trucked to the surface via a two-way-traffic ramp system connecting three mine portals to the underground infrastructure and accessing production areas starting at West and South Ayawilca.
My point being that even at an advanced stage such as Tinka Resources finds itself in, their share price has actually fallen by around 30% since that news made headlines...and that's with a feasibility study actually in place.
They also have Nexa (one of the largest zinc producers worldwide) waiting on the sidelines to JV having already purchased 9% of Tinka shares early last year.
Everything is in place for Tinka, yet the market is still not having any of it.
Rockfire are years behind Tinka with regards to development/extraction, so it's easy to see how difficult it's going to be to move forwards from here.
These things take an absolute age to come to fruition (if that even happens at all).
That's why I keep banging on about 98% of juniors failing and becoming nothing but a distant memory at some point.
Earl asked me to put up some research, so I've obliged with the above comparison.
My Father in his infinite wisdom always used to tell me to "follow the money."
And you know what, I think I might join the dark side and start getting in early on the Earl's pumps to make a few quid alongside my property rental income...he seems to be well connected on Twitter and elsewhere, so if you can't beat 'em, join 'em, that's what I say :)
It won't be in Rock though unfortunately, as the Earl has already confirmed in an earlier post that I've missed the boat with this one...how ironic when he's still ramping it to high heaven...I wonder why that is?
Maybe he feels guilty for having already made his dirty money here??
I can guarantee you all that he's sold out by now at around 0.5p for a decent profit after initially bottom feeding in the low 40's...like I said, he knows exactly what he's doing and doesn't give a flying fluck about anyone but himself (tells you all you need to know really).
Anyway Earl, I would appreciate it if you would give me the heads up on your next pump so that I can feel what it's like to screw people over.
Got to hand it to some of the rampers in here.
Between Twitter, Telegram and platforms like here, they plant a delicate but very dangerous FOMO seed into any newbie investor willing to take the bait.
In particular, one noble member here has also been very busy ramping Rockfire for all it's worth on Twitterati as well as Telegramati...
He's done his job very well...professional rampers care not for for anyone apart from themselves don't forget, moving from one share to the next best thing once they've bled it dry.
Today has followed exactly the same pattern as yesterday, and exactly the same pattern as previous RNS releases, and will continue to follow exactly the same pattern in the future.
Just like this:
Early trader buys (although most will have already bought over the past few days waiting to pounce when their target has been met)...FOMO then kicks in from gullible newbies etc pushing the SP up by a few %...followed by a plethora of sells by the traders taking their piece of flesh, whilst leaving the newbies holding the baby.
If anyone thinks that those buying today are people in the know, or professional investors having suddenly come across the Holy Grail, then they are mistaken I'm afraid to say.
It's nothing more than the pump 'n' dump crew taking advantage of the situation as well taking advantage of any novice investors by feeding on their addictive FOMO tendencies.
I really hope that nobody has invested beyond their means as a result of all the ramping that has gone on in here recently...DYOR and remember to take the macro outlook into account before investing in high risk areas.
GLA.
Not sure why you're getting personal with me bud, but your constant rampfest in here is becoming as tiresome as my idiotic and baseless posts by the sounds of things!
You are obviously a paid ramper of the highest order in your fantasy world of nobility.
Re-read my post again...the macro outlook is the worst it's been in decades which means that investors sell out or shy away from higher risk areas to a much greater degree when compared to blue chip companies.
Funnily enough, you've agreed with the above by saying that Rockfire should have gone up by 100% after todays RNS, but it didn't did it.
Reasons:
Their assets are now all priced in and Rock has found it's level..
Unloved by the market...investors don't want to know due to the above dire macro outlook.
Your opinion that Rockfire is like some hidden undiscovered gem waiting to be thrust into the limelight is poppy****. This would already have happened by now if that was the case don't you think...
The sooner you accept that the Rockfire strategy is not going as everyone would want, the easier it will be for you to move on.
DYOR
The small rise in SP today proves to me that there is no appetite for very risky shares such as the mining sector in this current abysmal poor market, and sentiment is at an all time low unfortunately.
Pounced on yet again by the traders who just wanted a quickie!
Same old result...early morning buys followed by a plethora of selling.
Rewind to a year or so ago and the SP would have gone up 50% easily.
Back then there was an appetite for risky assets, but investors are now running for the hills in their droves.
Macro outlook is depressing for the next few years most likely, as we enter a bear market across all sectors.
Rockfire has now laid all of it's cards out on the table and it's barely budged the SP.
The zinc Jorc was supposed to be the killer RNS, the one that would send Rock to the moon!
Sorry to say this folks, but it's akin to flogging a dead horse.
Investors must now face up to facts that there is 'slim to no chance' that Rockfire can rise from the ashes, and slim just left town.
With all of the evidence now out in the open, the cupboards are bare.
The poor Jorc grades at Copperhead started the rot, and the market has now priced everything in, which equates to the current shocking SP.
P.S. My friend got lucky and had a quickie in and out first thing for a nice 5% profit...nice to see a bit of luck going their way for once (still way down overall unfortunately).
Thankfully, I think that I've persuaded them not to dip their wad in here anymore though as once bitten twice shy comes to mind going by their past experience in Rockfire!
DYOR & GLA...
Good afternoon folks.
I'm sure you'll all be happy to hear that I'm back from my hols and fully refreshed :)
I had a wonderful time (thanks for asking), but now find myself moderately angry I must say...
Just got off the phone to my unfortunate friend (who is also doing fine by the way)...
In fact they are in such a positive mindset right now that they're actually thinking of buying back into Rockfire to try and recover their initial heavy loss here :(
I've tried everything in my power to convince them to do otherwise, but they've made their mind up, adamant that Rock will shoot back up after reading all of the rampy posts in here since I've been away.
Much thanks for that guys!
I went through all of my research with my friend, and explained how difficult it is for a junior miner to be a success (don't forget, only 2% manage to get to production stage whilst the rest fall by the wayside).
I explained that if only 1 in 50 actually succeed, then any 'investment' in Rock is in reality not too much different to having a gamble at the local casino...although sticking one's cash on black or red at the roulette table would at least give one a 50/50 chance!!
It's a massive gamble, a very big risk, and the odds are well and truly stacked against these poor cousins of the majors.
Every bit of the risk is with the juniors (along with their investors of course) and it's dog eat dog unfortunately for 98% of them.
I also recapped my posts from 2nd May (in particular the one @ 18:27), in the hope that they would make my friend see sense, whilst also pointing out the dreadful macro outlook for very high risk areas such as mining.
These posts on 2nd May outlined the many other risks that are evident with a junior mining share such as Rock.
Even Rockfire's broker (Allenby) pointed out such risks to shareholders in their recent notes, and that really got my attention.
But alas, all to no avail...my friend has been brainwashed once again by the same individuals in here.
The "no-brainer" talk of Rock getting back to 1p, 5p, even 10p+, has played on my friend's naivety, their gullible side.
It's reignited their desire, and their gambling juices are back and firing on all cylinders..
I've seen this so many times before when some poor soul tries to chase losses, and it never ends well unfortunately, and I now have this awful gut wrenching feeling that it's all going to end in tears yet again for my friend.
My gut instinct is very rarely wrong.
I have always tried to be humble and hopefully my posts here show at least some humility.
My intentions have always been genuine, a balanced argument is all that I desire, no more no less.
Please DYOR folks before getting drawn in just like my friend has done here.
It's so easy to become blinkered by all of the hype, so think carefully before taking a blind leap of faith into something that can ruminate your thoughts whilst shattering your hopes and dreams.
GLA...
OMM...
Who said I was in the States?
There are plenty of luxury beachside villas on our very own beautiful coastline, as well as more than enough of the local lobster population to keep the connoisseur's amongst us well fed.
Having said that, you can't beat a bit of Atlantic lobster ;)
Regarding the RNS alert...I've now got it on ultra high alert for Rockfire as the rampers seem to have taken over in here yet again, so my views will hopefully balance things out a bit for any newbies thinking of taking the plunge in Rock.
Anyway, reservation just made at a lovely little restaurant overlooking the ocean...where all the locals eat...so that's good enough for me.
Lobster is definitely on the menu too!
Cheers folks.
P.S.
Lobster was off the menu today unfortunately...locals said that fresh stocks were low due to the heavy ocean swell keeping them out of reach.
Shelfish little buggers those lobsters can be at times...will try again tomorrow.
No shortage of champagne though thankfully ;)
G'night all...
Best post of the day from StrummerJ - much respect for saying it as it is.
I've also been saying for weeks now that the pump n dumpers have their claws well and truly in li'l ol' Rockfire, so don't be surprised by further sell offs over the next few days as profit targets have now been hit.
Some have already been in and out as has been so obviously evident from the recent daily trading behaviour.
So easy to spot these traders...they don't dump all at once, but in smaller tranches so as not to spook the SP straight away...instead it drip feeds down slowly but surely.
That trading range I've so often spoken of has peaked and is already on it's way down.
DYOR guys, this is not the Holy Grail that some would have you believe, even less so now that the traders have it in their back pockets...IMO.
Fancy that, there I was just chilling on the balcony of my luxury beachside villa without a care in the world when the peace is unceremoniously shattered by an RNS alert on my phone...how rude was that and I'm not amused at all!
However, I can tell that you guys have missed my wit and charm whilst I've been away sunning my backside, so no harm I guess in shooting the breeze before I head off for some lobster washed down with copious quantities of champagne.
Rock has found Germanium, praise the Lord!
Germanium is the very, very poor cousin of other precious/critical metals, a bit like comparing Liverpool F.C. to S****horpe UTD :)
As stated in the RNS, Germanium is only even considered for possible commercial viability with grades of between 50 g/t - 150 g/t.
Rock has an average grade of 51 g/t, so it's hardly earth shattering news and it tells me that it's very much in the danger zone with regards to being considered worthy of extraction. Most notably, no Jorc will be announced for this amazing Germanium discovery...
Even more notable, NO GOLD traces were found unfortunately for shareholders.
Also, if you all recall, similarly there was much excitement around Molybdenum late last year at Copperhead, but that fizzled out like a cheap firework.
The words carrot and dangled come to mind once again, nothing ever changes.
The Rock BOD is trying everything to stimulate the SP, but here we are still in that trading range I keep telling you about.
The market continues to ignore Rockfire...
Everything is now priced in...gold at Plateau, copper at Copperhead, Zinc and Germanium :) at Molaoi.
SP= 0.47 - 0.50p (top of the trading range)...you can work the rest out for yourselves.
Lobster Au Gratin awaits, take care all...
Am I not allowed to have an opinion OMM?
Admittedly, sometimes I've been wrong, but more often than not I've been right!
Nobody's perfect all of the time unfortunately.
Apart from having the occasional opinion, everything else that I've posted has been based on facts taken from trusted sources, as well as from Rockfire's very own nominated adviser and brokers notes (Allenby).
Straight from the horses mouth I would say...
Regarding the "underwhelmed" comment, I take that back as it was another poster who said it after replying to a recent post of mine. I am man enough to admit my error on this occasion and apologise for saying it was you OMM, but for you to say that a simple mistake is libelous is way over the top don't you agree?
You've accused me of many things on here and also called me some very unsavoury things that could definitely be considered defamatory, but life's too short for all of that faffing around (it is for me anyway).
As my Father used to say "Man up Princess" :)
I really am getting a bit tired and slightly self-conscious of all this constant abuse in here, when all that I've ever tried to do is have an opinion and state facts...I'm not here to de-ramp or create negativity as some have been saying about me very unfairly.
My main mission has always been to try and advise any novice investors the importance of doing their own research first and foremost, as I wouldn't wish the nightmare that engulfed my friend on my worst enemy.
Anyway, I'm sure you'll all be very happy to hear that I'm off on my hols for a couple of weeks in the sun, and getting myself some much needed R&R in the process.
I aim to come back fully refreshed and hopefully by then we will have a date for the Rockfire AGM where I will be happy to chat to OMM face to face if he accepts my kind offer to meet up there...
CIAO for now...;)
I'm sure all investors are cheesed off now with hearing comments such as "outstanding assays", "planned inaugural Jorcs", etc etc, as if they are some sort of magic wand to instant riches.
A year ago the SP would have probably seen a nice rise, but these days the market is just not having any of it anymore from these guys, and instead this mornings news went down like a lead balloon, exactly the same as previous RNS's over the past year.
Even OMM used the word "underwhelmed" to describe how recent Rockfire news has been accepted.
The market is fed up with Rockfire, investors are getting very fed up with Rockfire, which is a recipe for disaster.
Familiarity breeds contempt unfortunately for this share these days.
Looks like a fair few have taken the opportunity to sell already today whilst the SP is at least in the high forties as opposed to the thirties...certainly not what should be expected after such earth shattering news.
The only one still banging on about how rich Rock will make everyone is OMM and his gazillion shares, but the short term traders have Rock in their back pocket now...sorry to say...IMO.
******************************************************************************************************
# "Clearly, investor risk aversion surrounding resource juniors could constrain Rockfire’s ability to aggressively de-risk its projects."
# "This could become even more pronounced if, as seems likely, interest rates and bond yields continue to trend higher in the coming months. Rising interest rates will tend to dampen investor sentiment for perceived high-risk assets."
****************************************************************************************************
DYOR please.
Please find below a few quotes from the Allenby report (just in case anyone missed them earlier)
...I think I will listen to their risk assessment as opposed to OMM's constant patronising posts, although he actually admitted that Rock is a risky play earlier on, so he's mellowing a little.
Also, Rock was already way down in the cesspit before the war in Ukraine started, so that cannot be used as a reason for the p*ss poor performance OMM...
It's been on a downer for the past 6 months or so because of very mediocre drill results, combined with the BOD letting things drift too far before realising that they've now missed the boat and left swimming upstream against a very strong and dangerous current.
# "Much as for other junior resource plays with early stage exploration projects the key issue facing Rockfire concerns proving the prospectivity of the projects."
# "Each of Rockfire’s projects is based on a hypothesis which needs to be tested ultimately with drilling."
# "It is still at a relatively early stage in the de-risking process."
# "Financing is a key issue for Rockfire as for other resource juniors. Without finance, which inevitably has to be equity based, hypotheses cannot be tested."
# "Our key concern on the financing front is the more than 50% plunge in the share price since the third quarter of 2021 to practically a five-year low."
# "Clearly, investor risk aversion surrounding resource juniors could constrain Rockfire’s ability to aggressively de-risk its projects."
# "This could become even more pronounced if, as seems likely, interest rates and bond yields continue to trend higher in the coming months. Rising interest rates will tend to dampen investor sentiment for perceived high-risk assets."
DYOR please.
Fair enough Troajan, my earlier summary was based on grassroot exploration projects, in all jurisdictions, but the % success figures I gave are from a reputable source in this field.
If looking at purely tier 1 jurisdictions, then the figure is still only a meagre...2 PERCENT... success rate!
Not me saying this by the way, or any other random guy in here or on Telegram, but an expert mining analyst (as quoted below)...
"The vast majority of exploration companies are faint-hope propositions, giving the junior space some of the worst odds for investors outside of a lottery ticket. Most companies will never pan out" says Michael Fowler, mining analyst at a brokerage house that specializes in junior companies.
"You're probably looking at about 2 per cent [that develop a mine]. So that's your chance."
"It's certainly not anything that you should rely on" Mr. Fowler says.
So then, not quite the no-brainer that some would have you think...
Rockfire's future is nothing more than pure guesswork and all of OMM's research & potential figures mean absolutely zilch without a future JV to production...only a 2% chance of that happening don't forget.
I can now feel that OMM is starting to regret pumping this in the first place and he's starting to panic...
His words from earlier:- "I think most on here will already know it can be risky"
BUT, it was just 10 months ago that he told my friend along with many others that it was a dead cert, a no-brainer, the best opportunity he'd ever seen in his long illustrious investment management career!
Hmmmmm...DYOR please all.
OMM,
I'm trying to give any newbies a helping hand and to warn them of the shenanigans that goes on in here and Telegram chat rooms.
A Jorc will only give investors information that appropriate consideration has been taken when assessing the POTENTIAL viability of a project.
If only it was that easy to multi bag then I would be invested in Rock myself!
Unfortunately though, the metal is still entombed way underground and unless a JV partner gets onboard, there it will stay for ever more!
By the way OMM, my friend's case is a true story and I think you're starting to show signs of guilt now for helping them lose half of their life savings, and in doing so trying to absolve yourself of any blame.
Absolutely awful state of affairs...
Please read this post carefully and DYOR.
Statistics indicate that only 1 in around every 10,000 exploration projects ever reach the production stage!
Now also bear in mind that Rockfire is still a small time exploration miner after all.
With that comes much extra baggage. including all of the added risks, challenges and financing requirements that are a given within this sphere.
All of their Jorcs, projects and potential future resource estimates are purely hypothetical unless they are fortunate enough to get a JV partner or very unlikely buyout, in order to get to that all important production stage (don't forget the above stats...just 1 in 10,000 juniors strike it lucky).
The Allenby report was an eye opener for me, and it made me realise even more how ultra risky this sector actually is.
Literally everything has to fall into place and very few junior explorers come out the other side with a success story.
I've listed some of the main risks for Rockfire from the Allenby report below.
I don't just pluck this stuff out of thin air you know!
# "Much as for other junior resource plays with early stage exploration projects the key issue facing Rockfire concerns proving the prospectivity of the projects."
# "Each of Rockfire’s projects is based on a hypothesis which needs to be tested ultimately with drilling."
# "It is still at a relatively early stage in the de-risking process."
# "Financing is a key issue for Rockfire as for other resource juniors. Without finance, which inevitably has to be equity based, hypotheses cannot be tested."
# "Our key concern on the financing front is the more than 50% plunge in the share price since the third quarter of 2021 to practically a five-year low."
# "Clearly, investor risk aversion surrounding resource juniors could constrain Rockfire’s ability to aggressively de-risk its projects."
# "This could become even more pronounced if, as seems likely, interest rates and bond yields continue to trend higher in the coming months. Rising interest rates will tend to dampen investor sentiment for perceived high-risk assets."
As always, I'm attempting to give potential investors some very important factual information which they will hopefully digest before making a potentially rash investment decision.
Unfortunately for my friend who invested very naively and lost a small fortune here, they did not have the benefit of hindsight that I am trying to give to others through my posts.
All IMO, so please DYOR.
"reckless rapper"
Sorry OMM, but that did make me chuckle :)
'ang on a minute OMM, you recently said:-
"Molaoi 1.35p, Copperhead 2.7p (125,000t Cu) Plateau 1.37p"
That's well over 5p ain't it for initial price target, before transcending up to your 10p target?
All these figures flying around...it's so easy to get confuzzled I guess...
Or are you erring on the side of caution and playing it a bit safer now?
Although, having said that, I always thought you were a man of conviction and a risk taker, so your price targets going into reverse doesn't fill me with too much confidence.
Still here OMM, following this like a hawk ;)
Like I said before, Rock is now a traders dream and firmly entrenched in this low SP trading range...0.3p - 0.5p, and we're now approaching sell territory once again.
If you are suggesting that a couple of £5k buys along with the SP rising by a couple of % is satisfactory, when most of your followers will be on a much higher average and sitting on heavy losses, then I think that I will also start advising shares to buy if that's the expected level of success!
Your price targets are way off bud, but I will happily come in here and admit I was wrong when you hit your target of 10p as predicted by you in here just the other day.
You need to stop ramping crazy figures like that first and foremost OMM.
Full marks for your humour StrummerJ, and for trying to defuse our clash of personalities :)
Maybe a live stream of our "Duke it out" to air in here and his Telegram group could also be arranged?
I would like to think that I have a never say die attitude and a heart as big as Rocky Balboa's!
However, if he turns up in his Mandalorian beskar armour then you won't see me for dust pal! ;)
Cheers all...