Member Info for Worzel7

Just squinting for now m8. still buying those coins btw. This years Royal Mint set arrived yesterday.

To coin a phrase I read some time ago.AIM mainly is somewhere where you try and find a company with good prospects/potential for tomorrow. Not for today. Afritin falls into the tomorrow camp as far as I'm concerned. It's about what the sp MIGHT be in 2/3 years time.

Thanks for your reply Keith, much appreciated

This might sound stupid and totally of the mark with what we have all been talking about. In terms of copper, nickel, pgm etc etc. Given the high magnetic readings. Is it possible that Vanadium could be in the mix as it also gives of a high magnetic readings. Like I said I hope it's not a stupid question.

Noticed that a second drilling rig was mentioned, possibly for KCB. Or a even larger rig to go down deeper. Just speculating

It will try and send onto a different page
, just click on top one

https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjx1NKSvcD1AhXEy6QKHTeeAeYQFnoECBEQAQ&url=https%3A%2F%2Fmarkets.businessinsider.com%2Fcommodities%2Fnickel-price&usg=AOvVaw3bkMlNfB_XkDVs7DqcKxqG

https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjx1NKSvcD1AhXEy6QKHTeeAeYQFnoECBEQAQ&url=https%3A%2F%2Fmarkets.businessinsider.com%2Fcommodities%2Fnickel-price&usg=AOvVaw3bkMlNfB_XkDVs7DqcKxqG.

PR77. Around 6 months going by November rns

Now we have broken the 6p resistance at last. Next target is the 7.3p all time high sp. I don,t usually average up, but i did add another 50k this morning

Absolutely agree with D2 and Keith. Sorry Cox, but you're asking questions that nobody on this bb can answer.

Forgot to say those figures are revenue btw

So the last quarterly production figures (RNS Dec 15th) of 136 tonnes of actual tin. Going on $42k a tonn = $5.712 million. Divide ? that figure by 3 =$1.9mill PM give or take a few dollars. For a junior miner start up. That's pretty good imo. I read some time back that afritin was hoping to achieve a 10 to 1 ratio of tin to tantalum. Forget lithium for the moment. If that ratio IS achieved, then that's 10 tonnes of tantalum for every 100 tonnes of tin give or take. Yes it's a few months away yet but that's in excess of over $1.4/5 million on $230k pt of tantalum each quarter. We wait to see what recovery rates are for lithium/tantalum when the add ons are in sink with rest of plant. Prices could be much higher (probably) with demand out stripping supply. Yes there is a down side, (possible) conflicts, recession etc. Which everone should take notice of.
Take care, stay safe and best of luck to all

Tin up over a thousand $$$$$$$ over night

Large trades now showing up from from Friday

Back in September/October 2019 I came to a very conservative of in the ground value of around $5 billion based figures/prices at that time using jorc figures from September 16 2019. Tin prices where around $14/16 t, tantalum about $175.000, lithium was around $12,000 give or take but can't remember actually prices. Lithium depending on what grade.
https://www.lse.co.uk/rns/ATM/maiden-jorc-resource-at-uis-3rmuj794vc6jkti.html. Now with tin alone at $40k ton, at 95,539 contained tin = around $3.8 billion give or take. At $35k a ton still gives you $3.3 billion. That's with current jorc figures/prices. Haven't checked tantalum, lithium prices lately. Bare in mind 1 tonne of concentrate IS NOT 1 tonne of tin, so when production figures comes out you will need to deduct around 25/30%. Again give or take a few % as recovery rates improve. Also worth remembering is that other loads/samples have come up with higher grades in some areas. To be mind at a later date I believe. So much more to look forward to in years to come imo.That's when I expect upscale in a larger plant in a couple of years or so when they are comfortable with existing operations. That's my take on what AV alluded to on early RNS,S.

https://www.mining.com/web/metals-traders-are-bracing-for-the-next-big-supply-squeeze/

Sorry wrong one.
https://www.mining.com/web/nickel-price-storms-to-10-year-peak-on-worries-about-supplies/

Be great if pow hits a major nickel deposit. https://www.miningweekly.com/article/supply-squeeze-risks-are-pushing-lithium-higher-and-higher-2022-01-12/rep_id:3650

https://www.miningweekly.com/article/supply-squeeze-risks-are-pushing-lithium-higher-and-higher-2022-01-12/rep_id:3650