Bezant Resources Share Discussion Threads

[devonlad] 10/5/2021 08:23

Huge moves Stig now, the miners will be literally throwing off csh at these prices. CAML will be a cash machine! They will now be looking for new economic projects to invest in as well. £13m mcap, crazy.

[the stigologist] 10/5/2021 07:11

Losing track of the upside...

NPV range on Mankayan at $4.50/lb was $1000-3000m

Now we're $4.80 and rising...

[devonlad] 10/5/2021 07:00

Copper $10600, massive moves.

[the stigologist] 09/5/2021 12:39

Breakout when it comes needs to be on News and Volume to be sustained so quite happy no confirmed breakout last week. Also gives more time to accumulate IMHO

BZT Weekly

[the stigologist] 08/5/2021 16:53

How the Green Economy will be a gold mine for Copper

#BZT

[5maxi] 07/5/2021 19:09

Ha ha me too!but in the grand scale of things it's just one third of today's volume.

[digger2779] 07/5/2021 18:29

5maxi - I wouldn't say no to £80k.

[5maxi] 07/5/2021 16:51

Between 80 and 100 thousand pounds worth of shares,which as stig says is a small amount!

[devonlad] 07/5/2021 15:20

Copper $10400 !

[digger2779] 07/5/2021 14:34

Wonder if the warrants will remain in sticky hands or hit the market for a quick profit?

[the stigologist] 07/5/2021 11:09

2018 February RNS

Colin Bird and associates invest at 0.45p

Colin Bird joins Board and becomes Exec Chair

Colin Bird sold Kiwara for $260m

I think he knows BZT could do multiples from here. Absolute gift to be able to buy in here at lower than he did as copper supercycle about to kick off

[affc21] 07/5/2021 11:02

That was a good top up opportunity Devonlad,
I was a bit too eager earlier this morning with my top up at 0.36p

Edit: corrected purchase price


Happy non the less...

[devonlad] 07/5/2021 10:44

Last spike dropped 0.1p so the chart is mirroring the trend as the weak get flushed, next spike should be to about 0.5p. Nai, aimho, wtfdik. Added some more at 0.34p and will add further on strength.

Offer moved up to 0.38 on small buys, they want to take stock from you but not too happy about selling it to you at this price.

[the stigologist] 07/5/2021 04:49

Copper just keeps melting up

Amazing backdrop to upcoming BZT news on its MULTIPLE Copper assets

[affc21] 06/5/2021 17:41

Thanks for sharing your in depth research JLondon, very impressive (and in a way that is an understatement) and it is very much appreciated. Cheers

[affc21] 06/5/2021 17:36

Zak Mir Traders Cafe

[jlondon] 06/5/2021 16:42

-----NEW INTERVIEW FROM COLIN BIRD TODAY RE: MANKAYAN, BZT-------------

Zak Mir asked Mr Bird, Executive Chairman about Mankayan.

Mr Bird:

"MMIH-Enter into contract, promises made, promises not kept,expenditure per contract, our advice. NO S H O R T A G E S OF SUITORS.
NOT MANY PROJECTS [quoted no*s].
COPPER PRICE DOUBLED."

Thur, 6 May 2021.

Note: By our advice, I think Mr Bird is referring to Counsel whom BZT consulted. The Zak Mir Traders Cafe interview with Mr Bird is on Twitter #bzt. It is an interview about Galileo Resources but Zak asked about Mankayan & MMIH.

[jlondon] 06/5/2021 16:13

------SANDEEP BISWAS, CEO OF NEWCREST-----------

Mr Sandeep Biswas giving insights to the gold mining sector - FT Live today, 6 May 2021.

Mr Biswas:

" N E W DEPOSITS ARE HARD TO FIND.

"..wont lose their heads. Not at Newcrest."

[FT LIVE, THE GLOBAL BOARD ROOM]

Observation:

The context Mr Biswas is referring to is the past wherein majors did takeovers at handsome prices [understatement].

As I posted, NEWCREST MINERALS [PHILS] has a Makati, Manila presence by way of an office.

Relating to my last post, IF the cut-off is LOWER due to the higher copper prices, then MORE COPPER CAN BE INCLUDED into the resource?

[jlondon] 06/5/2021 15:03

-------------IG SQUAWK : COPPER------------
Their price for copper via LME is US$10,082/t.



---
On XTR, a Colin Bird co, their Scoping Study for Bushrangers, Australia was 0.2% copper at US$7,500 and 0.15% cu copper for US$10,000 per tonne CUT-OFF [ie economic].

So, for BZT*s Mankayan, this could be the same for the CUT-OFF? Have to see MMIH*s JORC 2012 [Updated] in detail to know what was the cut-off rate for copper etc?

Thur, 6 May 2021.

[the manini] 06/5/2021 14:52

News article about Britain stockpiling metals, many countries will have this same idea.

[jlondon] 06/5/2021 14:39

--------GOLD, SILVER & COPPER PRICES TODAY------

Gold: US$ 1, 8 12 /oz
Silver: US$ 2 7 . 28 /oz

[@15:33, Thur, 6 May 2021]

Copper: US$ 9, 9 9 1.5

[Business Insider]
==
MANKAYAN MMIH: 2012 Updated JORC:

19.6 MOZ GOLD X 1,812 = US$ 3 5. 5 Billion
2.8 MT Copper x 9,991 = US$ 2 7. 97 Billion
20 MOZ Silver x 27.28 = US$ 5.45 Billion


====GRAND TOTAL: US$ 6 8 . 9 2 BILLION [illustration only @6.5.21]===
vs $50bn a few days ago when the prices of gold, copper and silver was lower.

[jlondon] 06/5/2021 11:11

-------LONDON SOUTH EAST BZT: DIRECTORS DEALINGS--------

Interesting:

"Edward F.G. Nealon Buy 1.3p @3.044m = 9,714m

Evan Kirby Buy 1.3p

Bernard Oliver Buy 1.3p

Laurence Read Buy 1.3p

Dated 6 Aug 2017

[the stigologist] 06/5/2021 00:57

BZT

This could be one of the biggest breakout opportunities around

Stealth breakout going on at the moment as smart money starts to compute the impact of several major value inflection points that have all occurred in the last month

1. Copper price breaking out to new 10 year highs
2. Phillipines Government end Mining ban
3. BZT get back Mankayan project having 'sold' it at copper market trough in 2019

However 100% move from 0.20p to 0.40p doesn't go any way towards fully discounting the New News

Bezant 'Mankayan' for $70m to GoldFields in 2011 (GoldFields paid out non refundable $10m deposit ; drilled holes including 342m @ 0.6% Cu ; expanded resource to 9m oz gold and 2.8m tonnes Copper)

The $70m value was c. 0.55% of In-Situ resource value at the time

Given in-situ value is now $50bn Mankayan could have a 'see through' value of 0.55% of $50bn now i.e. $275m (i.e. 5.60p)

Even applying the old $70m value should imply a share price of 1.30p