Alba Mineral Resources Share Discussion Threads

[moneymunch] 17/4/2017 07:46

Interview with DL and Tidswell from Angus, 34 minutes into interview Tidswell's confirms " We have planning from SCC......confusion from SCC and one or two members who may feel differently ( over 600 Councillors ) but we have taken legal advice and we are 100% certain that our planning holds......"We have planning!!! "

[moneymunch] 15/4/2017 16:07

pps and as far as any fund raising is concerned, a small cap explorer/producer with a potential significant daily revenue stream as illustrated will be on Easy Street, as will its shareholders. GL On and Up!!! ;-)

[moneymunch] 15/4/2017 15:52

Lol as usual frigid comes out from beneath his stone when he's worried about Alba's imminent upside potential......OGA approval for Brockham's production will see a significant rise in share price ....DL's latest interview confirms extraction costs of $10 a barrel, and the log and drilling data suggests that Brockham's Kimmeridge interval could be even better than at HH and the Kimmeridge clay's either side of the limestones are unexpectedly naturally fractured too...giving a total oil play of 900ft...which also suggests that the likely flow rates will far exceed the outstanding 1,680bopd witnessed at HH......of course the proof will be in the pudding and so not long before we find out....OGA approval first, production expected Spring/Summer and then HH's eagerly awaited extended flow tests to follow, permit approval expected July......frigid appears completely blind to the transformational upside opportunity, but that's his negative remit and snide agenda.....Gla holders ;-)

ps and very likely no depletion of reserves, when you're tapped into an oil saturated clay sponge that extends for miles and miles in either direction, and the Corrillian that lies beneath appears also to be oil saturated and under high gas pressure...... Exciting times ahead. ;-)

[frjdnverijtnhj8568934] 15/4/2017 15:07

As usual moneymunch has the rose-tinted specs on.

If Brockham flows at 500 bopd then Alba's share is 5% which is 25 barrels.
If the oil price is 60$ then Alba might make $25 after costs. So that is $625 per day. Accounting for downtime then maybe 300 days production gives Alba $187500 per year which is £150,000. Then you have to factor in natural depletion and constant drilling to keep production going at these levels.

I still regard Alba as overvalued. First thing to sort out is the funding. Even a billion shares at 0.25p would only raise £2.5M which is peanuts. I think they need to raise at least £5M otherwise they will just be going back to the market in 12 months for more funding. So 2 billion shares at 0.25p raises £5M. At that point tiny Alba will have nearly 4 billion shares in issue.

[moneymunch] 15/4/2017 12:21

It's gross as per my post. ;-)

ps 2000bopd at Brockham = £5k a day, a staggering £1.825m per annum....and so from Alba's current £5m market cap, the transformational upside is pretty obvious on good flow results, factor in Horse Hill's 9.75% potential and Greenland's graphite and gold, then Alba looks all set for the multi-bags of multibags in the not too distant. Gl ;-)

[mikeygit] 15/4/2017 11:48

Does this 2500 profit a day include ALL operating costs?? Is it net or gross profit??

[moneymunch] 15/4/2017 07:23

$60 a barrel would equate to £2,500 gross profit a day for Alba's 5% Brockham interest at DL's $10 a barrel extraction costs and a conservative 1000bopd , an impressive £912,500 per annum...... Gla holders....a potential stellar year ahead. ;-)

[moneymunch] 15/4/2017 07:11

April 14, 2017

Oil Production Cuts? OPEC & Saudis Want $60 Price

On Thursday, the price of Brent crude, the global benchmark for oil, closed at $55.64 a barrel. But OPEC officials say that some of the cartel’s biggest producers, including Saudi Arabia, want to see that price rise to $60 a barrel.

Those remarks suggest that more production cuts could be on the horizon.

As the Wall Street Journal’s Benoit Faucon and Summer Said report:

“Saudi Arabia, Iraq and Kuwait believe $60 a barrel will lift their economies and allow for more energy-industry investment, the officials said, without jump starting too much American shale output, which can be ramped up and down with prices more easily than most oil production.

The countries had been targeting $55 a barrel, a level they have largely achieved with an Organization of the Petroleum Exporting Countries production cut of 1.2 million barrels a day. Saudi Arabia, Iraq and other members of the 13-nation cartel have signaled they will push to extend those cuts for another six months on May 25, when they meet in Vienna.”

[moneymunch] 13/4/2017 08:40

A great interview , highlighting Alba's exciting prospects, potential and confidence. Gla holders A big blue day ahead!!! ;-))))

[moneymunch] 13/4/2017 08:16

George Frangeskides, Chairman of Alba Mineral Resources #ALBA covers today’s news regarding their preliminary evaluation of the metallurgical testing on the Amitsoq graphite project in southern Greenland.

Alba holds interests in the UK (oil and gas), Greenland (graphite), Mauritania (uranium) and Ireland (base metals).

[moneymunch] 12/4/2017 08:29

That's used in conjunction with micro-graphene to capture the salt particles that are too big to pass through.....more importantly there is 4 or 5 times more graphite in a lithium-ion battery than lithium........Gl ;-)

[mikeygit] 12/4/2017 08:25

MM---very detailed analysis! And is not graphite also great now for extracting salt from seawater?

[moneymunch] 12/4/2017 08:20

ps confirmation of OGA approval for Brockham's production ( expected soon ) will see a massive jump in sp, those waiting for the placing first will likely have to pay a significant premium on today's share price imho......GLA holders News from Brockham imminent, :-)

[moneymunch] 12/4/2017 08:16

Nothing wrong with a fund raise to develop the Company's assets to increase shareholder value....the last placing at 0.2p saw the share price more than double the following month to 0.44p......this time around any likely placing will see a surge of new investors into a newly funded Alba with 3 WORLD CLASS prospects in Brockham , Horse Hill and Amitsoq, all expected to come on line this year. The current price of oil and DL's assertions of $10 extraction costs equate to £2,250 gross a day to Alba on a conservative 1000bopd a day on Brockham's 5% interest.....a staggering daily revenue stream for a market cap of £4m , and then there's Horse Hill to follow where Alba hold 9.75%, and so imagine 2 or 3000bopd from each site....Alba would be cash rich and all shareholders willhave transformational returns. Gla Exciting times and a stellar 2017 ahead. ;-)

[datait] 12/4/2017 08:15

Back down to .2 before any upside and we know there will now be a placing for this work to go ahead.

[moneymunch] 12/4/2017 08:08

The results are so encouraging that no doubt will be attracting interest from JV farmin suitors......the demand for graphite looks all set to increase significantly with future the lithium-ion battery age, and the graphite at Amitsoq appears to be amongst the highest grades in the worl, and with 99% recovery rates, the economic extraction costs will likely be very attractive.......Gl ;-)

[datait] 12/4/2017 08:05

Placing how else, ffs this is aim get with it if you dont think placing goes on here move to the main market.

Aim is long term and if your lucky you will make short term aswell but over all its long term with lots of placings.

[nevgroom] 12/4/2017 07:49

This is actually a very encouraging news release. Obviously the key question is how will funding be achieved to make bulk extraction a reality. I hope they go down a partnership route with a specialist company

[moneymunch] 12/4/2017 07:33

and 99% recovery.......Gl ;-)))

Head grade of +25% graphite confirms Amitsoq ore to be amongst the highest grade of any graphite project in the world.

• Simple processing was able to achieve +99% recovery of the graphite from the gangue material, with the bulk of the flake graphite recovered being in the +150µ category (medium flake), essential for supply to the lithium-ion battery market, and the premium value +300µ jumbo to super jumbo category.

[gazza102] 12/4/2017 07:06

Wow one of the highest in the world.

[moneymunch] 12/4/2017 07:04

Stage 1 Metallurgical Test Results at Amitsoq

Confirm High Grade Graphite



Further to the announcement of 8 September 2016, Alba Mineral Resources plc (AIM: ALBA) has now completed the preliminary evaluation of the metallurgical testing on the Amitsoq graphite project (the "Project") near Nanortalik in southern Greenland. The initial results are highly encouraging and provide confidence with regard to the Company's objective of re-opening the graphite mine at Amitsoq.

Highlights

• As advised on 9 September 2016, 179 Kgs of sample were provided to the SGS laboratory facility in Cornwall for metallurgical testing.

• Crushing, grinding, attrition and floatation test work indicates the ore can be processed by a relatively low cost processing route to produce a range of high grade products.

• Head grade of +25% graphite confirms Amitsoq ore to be amongst the highest grade of any graphite project in the world.

• Simple processing was able to achieve +99% recovery of the graphite from the gangue material, with the bulk of the flake graphite recovered being in the +150µ category (medium flake), essential for supply to the lithium-ion battery market, and the premium value +300µ jumbo to super jumbo category.

• Additional optimisation metallurgical testing will be required to provide the detail that will guide the design of a future processing facility in Greenland.

Additional photos showing the samples being collected and some of the test work can be viewed on the Alba website image gallery at www.albamineralresources.com.



Details of test work



The samples were crushed to 25mm and from the crushed samples representative samples were taken for the test work and crushed down to 2mm as the basic feedstock.



The average graphitic total carbon content of the sample used as the primary feed to the test cells was 25.6% carbon. This total graphitic carbon assay correlates well with the previous range of assays of between 20.5% and 35.4%, as stated below (see "Previous Work Undertaken at Amitsoq"). The test work shows head grades are confirmed to be running at circa 25 per cent graphitic carbon. This confirms, when compared to the reported grades of advanced graphite projects, Amitsoq ore to be amongst the highest grade of any graphite project in the world.



Preliminary test work has demonstrated that the graphitic carbon readily floats to a relatively high grade rougher concentrate with recoveries up to 98 per cent for the finer grind sizes. Rougher recoveries vary from 72 per cent to 98 per cent at float feed sizes from 2mm down to 150 microns.



Tabling (using a shaking table) of the flotation concentrates shows that the graphitic carbon separates from the gangue material, indicating that upgrading the rougher concentrates should be relatively simple.



A staged float with intermediate regrinding to 500µ, 300µ, and 180µ produced an overall recovery of +99 per cent.



Two floats were also carried out at an intermediate feed size of 1180µ and 850µ to assess the flake recovery at differing sizes. The overall recovery at 1180µ was 93.3 per cent with 24 per cent of the graphite being in the +300µ fraction and 44 per cent being in the +150µ fraction. The corresponding values for the 850µ grind were 99 per cent recovery with 25 per cent in the +300µ fraction and 49 per cent in the +150µ fraction. Confirmation that a significant proportion of the flake graphite recovered is in the +150µ category (medium flake) and the premium value +300µ jumbo to super jumbo category is very important to the Amitsoq Project's future economics, as medium flake graphite is essential for supply to the lithium-ion battery market and jumbo to super jumbo flake graphite attracts a premium price in the market.



The above results are very encouraging and the second phase of test work will be focused upon maximising the economic return of the primary grind, and to improve the detailed refining of the concentrates to the various marketable grades.



In conjunction with the phase 2 test work, a product assessment will be carried out to define the suite of graphite products that Alba will be able to produce from the Amitsoq ore, with a view to maximising the returns from production. The graphite market is highly specialised, with each category of flake size having different industrial applications and therefore attracting a range of different end users and potential off-take partners. The Company's management has just returned from the 6th Graphite & Graphene Conference in Berlin, hosted by Industrial Minerals, at which conference the Company held initial discussions with graphite industry experts and end users. Alba intends to progress those discussions and utilise the services of a firm of graphite specialists to conduct and refine the metallurgical and product optimisation work. This will inform our exploration and development efforts for the year ahead.





Michael Nott, Alba's CEO, commented:



"The results from this phase 1 metallurgical test work are impressive. The test work results confirm the very high grade graphite content at Amitsoq (averaging 25%) and a good spread of flake size in the key and high demand/value categories. We were able to achieve +99 per cent recoveries using fairly simple and low cost processing techniques, which bodes very well for the economics of future production at Amitsoq."

"Additional metallurgical test work to optimise a processing plant, which is a key element in proving up commercial viability, will now be undertaken. This will also form part of an integrated, fast-track approach to the project. We look forward now to the furtherance of our fast-track development programme this year, with our priorities being resource estimation drilling, initial environmental assessment and process plant logistics and construction design.''



Previous Work Undertaken at Amitsoq



• Test work carried out on hand/grab samples collected during a field expedition in 2015 returned excellent results, showing graphitic carbon contents varying from 20.5% to 35.4%, with an overall mean graphitic carbon content of 28.7%, significantly higher than the previously reported historic average grade of 20% and higher than most reported advanced graphite projects globally.

· The results of a remote sensing study were highly encouraging, highlighting several anomalies for a variety of commodities. Numerous and continuous graphitic horizons were suggested along strike and proximal to the Amitsoq graphite mine.

· Additional FeO anomalies are interpreted to be favourable targets for platinum group metals, orogenic lode gold and intrusion related copper-zinc mineralization.

· Anomalies have been identified with geology similar to economic gold mineralization at the nearby Nalunaq gold mine (circa 340,000 ounces of gold produced to date). These FeO anomalies are 5 km along strike from previous documented gold showings, and 18 km to the southwest of the Nulunaq mine.

· A bulk sampling exercise (August 2016) took 179 kilograms of graphite ore sampled from a surface bed that had previously been exploited when the Amitsoq mine was operational. The bed was found to have a true thickness of 16.58 metres.

· An airborne electro-magnetic survey completed in September 2016 confirmed numerous target anomalies including some 12.05 km of total strike length. This work is still being assessed and refined.



Alba's interest in Amitsoq



As announced on 20 February 2017, Alba regulatory approval from the Greenlandic authorities, to acquire up to 100 per cent of the Amitsoq licence has been obtained. Alba now owns 90% of the Project, with an option to acquire the remaining 10% and move to 100 per cent ownership.

[moneymunch] 11/4/2017 21:59

Brent at $56.24 and rising. Gla ;-)

[moneymunch] 10/4/2017 18:45

It really is a great interview by DL....extraction costs at Brockham will be $10 for every 1000bopd and $5 for every $2000. Gla ;-)))

[moneymunch] 10/4/2017 18:13

"There's been a whole lot of palaver in the media from wrong information from surrey county council to the bbc and the times a week and a half ago. They have been informed by a QC, the biggest in the country, that the council is wrong , and the council is now trying to work out what they do to get out of it. But I dare say in the next week, if they don't amend their views, then we will be publishing the QC's opinions and taking the BBC and the Times to task."

"The concern I have with surrey county council is that they contacted the BBC and the Times with false information as far as we are concerned. And we have got the number one QC in the country who has told them that."