Blencowe Resources Share Discussion Threads

[divmad] 04/10/2021 13:31

Get the funds in place to finance the pretty high level of capex, quite frankly, and the share price will react accordingly, but not until.

[pauliewonder] 29/9/2021 15:04

BRES discussed on the following podcast: https://ukinvestormagazine.co.uk/podcasts/

[rileyma] 29/9/2021 07:52

And a pretty naff pessimistic basket price.pretty scope to increase

[pauliewonder] 29/9/2021 07:22

Those are some excellent numbers which reflect that we have a truly world class resource here. Lots of value here in the years to come. Multi bagger potential will now become reality, even with dilution

[apfindley] 29/9/2021 07:12

Marvellous news.

[fillipe] 20/9/2021 09:32

In 7/2021 the broker tp was advised as 21p.

f

[eliteinv] 20/9/2021 08:24

It is definitely too early to get excited. Moreover we all know results take time. Come by December and we may have a picture of how things have developed, are there delays, more money to rise to fund the project or so on.

[ccr1958] 17/9/2021 16:06

2 weird trades just went through at 3.385 must be a mistake strange ..

[rileyma] 17/9/2021 16:03

Far better,thanks,,,,

[ccr1958] 17/9/2021 15:42

Liking the look of this ..

[ccr1958] 17/9/2021 11:33

Taken an initial position fomo.. Mcap looks nice and low ..

[eliteinv] 16/9/2021 08:47

We are too early.... I think they will not complete them by the end of year, but in Q1 2022....Hence for the market it is a long time.That s why I think for a while share price will fluctuate between 5.5p and 6p.Add here the situation with covid and economically related issues.

[divmad] 15/9/2021 08:02

That was tried yesterday morning and failed. Onwards and upwards from now on methinks.

[gerd212] 15/9/2021 06:35

LinkedIn


The Orom-Cross Graphite Project lies within the Orom District, of northern Uganda. The Project tenements encompass an area of approximately 520,000 hectares stretching from Latitude 3°18’40’ to 3°30’40’ N and from Longitude 33°31’50’ to 33°45’40’ E. Access to site is approximately 28km via the Kidepo-Gulu road from Orom consisting of unsealed gravel roads.




Work to date has outlined graphite mineralisation at the Project associated with deformed Neoproterozoic graphitic gneisses and schists. The Project’s Exploration Target is centred at Latitude 3º 23’ 30’ N and Longitude 33º 37‘00’ E within Mining Lease (ML1959) and a previous Exploration Licence which is now under application for a Retention Licence (RL1025).

Since acquiring the Orom Graphite Project in 2012, Consolidated Africa has undertaken the following exploration activities:

field mapping;
geophysical surveys (VTEM and Aeromagnetic);
geological logging and geochemical analyses of drill core samples;
geological logging and geochemical analyses of trench samples;
metallurgical testwork of composites; and
determination of Exploration Target ranges.
The Project is located approximately 6 km east (in a straight line) of the town of Orom and 75 km northeast of the town of Kitgum in northern Uganda (Figure 5-1). The Project can be accessed from the southwest via 104km of road from Gulu to Kitgum (Orom-Koputh road) and thereafter by 87km of gravel roads. The nearest large settlement to the Project is the village of Orom, located in Chua East Country.

The Company has outlined a work program, initial work for which will include:

an in-fill programme to JORC 2012 Code Standard Resource;
metallurgical test work to demonstrate various end products that can be delivered to market; and
commencement of Feasibility Study on initial 10-year mine life, including all mining, plant, infrastructure and logistics.
The principal aims of the above work programme are to gain further geological information to understand the potential, verify the graphite grade and continuity, and further understand the mineralogy within the most prospective parts of the Orom-Cross Graphite Project. Metallurgical testing is planned to be further undertaken early in 2020 as is an initial mineral resource estimate under the JORC 2012 Code.

[eliteinv] 15/9/2021 05:38

A double bottom, again.Retest of 5.5p coming

[divmad] 14/9/2021 14:35

This is looking better now.

[apfindley] 10/9/2021 11:16

The company have stated they are highly scaleable. But they will start with what they've already drilled as it will be more than enough to handle at the start even though it's only a tiny portion of the whole asset. From there they can scale up as graphite demand dictates over the coming decades.

[pauliewonder] 10/9/2021 11:06

The later. It's a big step to go to producer and much lower risk. They could return hundreds of times the current share price if they sell at the right time and have proved up sufficient resource. Very low risk from here in my view

[jp2011] 10/9/2021 10:26

The question for me is do you commercialise it as a billion ton asset and build a railway to transport it, or go down a small phased route or do you just continue drilling forming up resource until a bigger player takes you out?

[rogerbirds] 10/9/2021 10:06

Potential world class deposit of 2-3 billion tonnes of near to surface graphite (including highly prized jumbo flakes) and the EV revolution is only just beginning… Welcome aboard! RB

[pauliewonder] 10/9/2021 09:44

Nice to see some positive movement here today. Wonder if we are due news?

[rogerbirds] 08/9/2021 13:31

Great to see some chunky buys going through over this last week that are of similar size to my own holding. At this price, only patience is required to multibag from here! DYOR. RB

[divmad] 06/9/2021 08:04

Another small placing coming?