Member Info for Worzel7

Funny how someone is quite when it's rising, but plenty to say when it's on a pullback. The pullback has happened on most if not all mining stocks this last week or so. However some can only see through blinkers

Looks likely that 685k trade is a bed and isa trade judging by price. Filled my isa and topped out the wife's beginning of the week. Rude not to at this current price

Well we had a nice steady rise over the previous couple of weeks up to 7p. This week we had a healthy pullback imo. That's been the case across most mining stocks. Being a Friday I think it's been a positive to see support around this price. Imo of course

TS. UT trade from this morning at 11 O'clock at 3.03p

Well he stated that he wants to keep it all to himself and for the benefit of shareholders. But everything is for sale at the right price. He also hopes to start lithium production within the next 12 months. That alone would double the current sp imo.

So the tin side of the mine is now in full swing as they say. Obviously the next is the tantalum, which I would hope is already on going judging by what AV has hinted at. Hopefully that will be sorted out in the next 6 months give or take with a few tweaks here and there. Followed by the lithium hopefully within the next 12 months. I read somewhere in one of the RNS,s that they hope to achieve 10 to 1 ratio . 10 being tin and 1 tantalum. Lithium should be higher when in production as there is more lithium than tantalum in the resource. Check jorc results.
So have been doing some potential figures on all 3 products in say 12/18 months time if all goes to plan.
60 tonne of tin PM = $1.5 million at $25k a tonne of concentrate . Minus say 30÷ for impurities, gives you $1,050,000
I have gone for 12 to 1 for the tantalum to be on the conservative side. So 5 tonne of tantalum pm = $75,000. Again I have deducted 30÷ for impurities =$52,500. However that could/should be a lot less using magnetic separator. Let's say that lithium is being produced in an optimistic 12 months. I would hope to see a ratio of about 10 to 4 stroke 5. Tin to lithium. But will go for a average figure of 20 tonne a month = 220,00 a month based on $11k a tonne. Minus 30÷ gives you 154,00 a month. I have used $25k for tin, $150k for tantalum and $10k a tonne for lithium. Bearing in mind that the lithium at afritin is of higher quality so commands a higher price. So a conservative and it's very conservative figure imo it comes to $1.3 million a month. Wouldn't be surprised to see that up around $2mill when all 3 products are at full speed. Especially as lithium prices are rising and demand is outstripping supplies in the very near future. Some will come up with better figures than what I have. But I would rather under estimate than over. But hey, a lot can happen between now and 12/16 months time. Stage two in 2/3 years time give or take and you can treble that and then some. We all live in hope and what if scenario lol.

Well I wouldn't mind if it stayed around this price so to fill next year's ISA account in a few weeks. But that's me being a bit selfish.

Read last weeks quarterly update RNS. That will give you the answer

As the tin side of afritin is well established for phase 1. Obviously the next one to extract is the tantalum, which is again getting underway if not already so. But, imo it's the lithium that I personally will be happy to see progress. All 3 products under way within the next 12 months give or take. Plus there's potential for other byproducts btw. I would hope to see the sp much much higher than it is now. Once the extraction of all products are in place. Just one of the 3 could well be enough for running costs making the other two pure profit. Been in afritin getting on for 2 years now as well as a few others on this bb some even longer. It's been a bit bumpy at times as well as frustrating. A few times I will admit to thinking of selling out and moving on. Suspect others the same, some have. Then there is that old saying, . patience. Don't always work that way I know.
So for myself, it's the move on to the the bigger plant and much higher productivity is where I am looking forward to. A couple more years for that to happen is fine by me. But that's just my opinion for what it's worth.

£65k late buy showing up at 5.85. Straight after ask went to 5.9

The 3,6 and 12 month chart looks nice. 2 and 3 year chart looks even better.

Worth revisiting June 16 rns . Gives some idea on what afritin hope to achieve with tantalum and lithium when all stages are completed.
https://www.lse.co.uk/rns/ATM/operational-update-uis-tin-mine-phase-1-review-6eq2rpqxezxjsiv.html.
As been said before, afritin have a current RESOURCES for decades of mining capacity. That's not including other ore body's that have not yet been explored.

Let's face it. ATM has been under the radar for so long, it's almost laughable. Just goes to show that patience does pay off (not always) in the end

Mining/exploration shares in general are on a pullback at the moment

Well based on current figures. Atm are turning over a $ million a month using the figure of 126.2 tonnes of actual tin and current prices

The hare end the tortoise scenario springs to mind

Worth a gander people, https://www.crescat.net/february-research-letter/. Like others have said, if KAV finds half of what they think is their. Then who knows what price this could be in a couple of years

Look beyond the next 6/12 months. It's the next 2/3 years is what I will be looking at.
https://www.crescat.net/february-research-letter/. Worth a gander people, more so about 3/4 pages down. Apologies if already posted

When you start questioning/second guessing yourself , instead of standing by your judgement in the first place. Then you might aswell give up playing this game. Even the big players are taking a correction to the down side at the moment. To many people want jam today, tomorrow and every day after. Doesn't work that way.

Maybe he is spread out a bit too much. But a better chance of hitting something that COULD change this company and the investors for the better. But that's just my opinion and nothing is guaranteed in life. Better chance of hitting a rich resource of metals/minerals than throwing all your money into one drilling program for oil. Only to find it's a duster. Each to their own imo. As for warrants/placing. Show me a company om aim that DOESN'T issue warrants/placing to move any company
forward. If you don't like or think it's not worth investing, THEN DON'T. That goes for any company imo.