Member Info for Worzel7

Toss of a coin on that one.

PS Plus the funding when completed. Debate on which way they go with that. Loan or issue more shares to fund stage 2. Or both. With lithium coming on stream along withe tin/tantalum should be a long term play

if anyone is interested. https://horizonteminerals.com/uk/en/projects/

ATM, Believe it should be around 12/18 months time if all goes to plan mate.

Hope it gets resolved PDQ mate

Arbitration claim, https://www.lse.co.uk/rns/SML/strategic-minerals-cobre-arbitration-claim-uxtsww5wtehbpi2.html

Well up especially silver

http://www.koreaherald.com/view.php?ud=20190921000024.
Hence the reason why I put a few shillings into Hzm. Troajan not good for those stranded or the ones that have paid for holidays and are left with uncertainty. Morning all btw.

Thomas cook down the pan, looking like punters piling into Rui and easyJet

Nothing special FT. Both of which you mention and resource, plus future demand for said materials

Well there's no getting away from the fact that to world is changing. Moving away from combustion engines into electrical power in motor vehicles. Also a big move into renewable energy/power and this is only going to increase imo. I have already came up with low ball park figures for the current resorse for tin and tantalum. The lithium which will come into play when stage 2 kicks in will be of huge benefit. With 450,265 tonnes lithium at current price of $12.000 a tonne, comes in at around $4.5 billion. That's the reason why I have put some (added) of my pension into ATM and will add more into Bmn. Have also bought into HZM purely for the nickel demand. GLA

I appreciate your knowledge in this field of metals. Which I also read your posts on the other bb. Still holding in there even well down on paper.

Understand why tantalum commands a high price when you see what it's used for.
https://www.google.com/url?sa=t&source=web&cd=42&ved=2ahUKEwir68aMtN3kAhUVoVwKHWnZBFYQFjApegQICBAB&url=https%3A%2F%2Fwww.tanb.org%2Fabout-tantalum%2Fapplications-for-tantalum&usg=AOvVaw2DfAXZ_xC-JQDpMCf55OXl

Production couldn't come at a better time imo.
https://evercharge.net/blog/the-numbers-are-in-automakers-should-be-worried/

hope2gain replied

Had a small top up showing in red, just to round up the figures.
Guys I hope you don't mind as I know some don't like this sort of thing. But if anyone is interested in another start up miner, mining tin, tantalum with a 60+ year mine life. Plus another product in 12/18 months time all of which connected to same sector as HZM. NOT Going To mention name just click on my username and history. Might be worth a gander if interested. If anyone wishes to have the post deleted I can understand. As always DYOR. GLA

Back in the days when this mine was in operation. The other elements apart from tin went straight down the waste shoot. So yes there is a large amount of lithium/tantalum in the old waste dumps.

Few % eather way is not an issue with this share imo. Believe in yourself should be good enough and not be bothered about what the sp is today. But what it is 12 months down the road. But that's just me. Keep saying that on another bb. Anyway trust yourself that's what I always say. GLA

According to my ROUGH figures I make this resource worth in excess $ 2billion. That's in the ground by the way. As they say it's not worth anything until its dug up.
Reason for that is 95,539 tonnes of tin at a low end price of say $16k a tonne gives you $1.5billion.
Tantalum 6,091 tonnes at current price gives you just short of $1 billion. That's not taking into account of the lithium of course. That's in the ground not in the pocket. With a 60+ year mine life as well to take into account. Unless I put the decimal point in the wrong place that's the figure I came up with. Happy to be corrected. Like I said that is without the lithium figures to add on.
Eather way, with three products running (with phase 2) even if one product goes south in price. You still have a very profitable mine. IMO of course. GLA

Just done a few calculations in my head and thought bloody hell.
Am going on round figures here guys so bear with me. So every 16 tonnes of tin we get 1 tonne of tantalum give or take. Tantalum is around 160k a tonne again give or take a few $$. Tin cost to produce shall we say top end around 16k a tonne. (Yes I know it's less but like I said using round figures.) So for every 1 tonne of tantalum gives ATM 10 tonnes of free tin concentrate based on current tin/tantalum princess. Phase 1 is expected to reach 60 tonnes pm when in full production.
Phase 2 is targeting 400 tonnes pm when in full production, and that is just the tin. When you add in tantalum and lithium you get practicable all tin production is free. With a ROM (run of mine) life of 60 years plus, you get some ideas of the size of this. Not forgetting that the lithium is of better quality in petalite. Petalite commands a higher premium as it contains upto 4.4% lithium.
Sure Alfa mentioned this before. Read RNS 4 Feb to confirm this. Better knowledgeable people out there than me might come up with better understanding of this. Best of luck to all