Chesterfield Resources Share Discussion Threads

[homebrewruss] 02/12/2020 17:45

One other 'hidden' benefit of the POLY funding/stake is that they are sticky hands and the placing shares are not being sold for a quick profit like they might be with other placings - as we have seen from the share price action.

[wassapper] 02/12/2020 16:43

What it does certainly mean is the metals recycling, copper especially, will become an even more important source of supply. Don't discount it. A key part of the supply chain

[ekuuleus] 02/12/2020 15:39

Thanks Harrison. I'd forgotten the extra copper was for motor windings and space becomes an issue. I suspect the copper in an ice car could be replaced.

One has to wonder, is there even enough copper to ban ice vehicles by 2030?

[excellance] 02/12/2020 15:37

Normally in situations like this we'd be wary of impending placings, warrants and options, but the poly deal has maybe removed a lot of that risk.

We now have a couple of million quid for further drilling starting in 3 months time.

£2m will certainly pay for dozens of holes on several license areas and build a huge data set for defining a JORK resource.

I can't help thinking that things are moving fast, and that there may be more surprises in store.

[soulsauce] 02/12/2020 15:29

harrisun some copper mines are producing much below 1% as it also comes down to scale as well.
We should have something fairly scalable with the number of Vms projects we have but also historic drilling and mining has been well above 1%.
I still think the amount of gold will be very important, especially to Poly.
Remember the company always talk of gold being clean from Cyprus. Maybe Poly have designs on blending the gold to sell theirs at a premium.
Just spit balling.

Btw exellance I wasn't saying those sorts of share price levels weren't achievable, all I am saying is let's not all be getting carried away just yet.

[excellance] 02/12/2020 15:20

Historically mining was limited to surface outcrops of VMS deposits, and they didn't really have the technology to investigate further.

It is entirely possible that there are multiple VMS deposits in separated layers between lava flows, formed over millions of years, and the lower ones should be higher grade due to less exposure to water erosion.

We could have 1.5% copper near surface and 4% copper 100m beneath.

Just my layman's geology for beginners theory.

[harrisun] 02/12/2020 15:11

For the future copper will be developed at under 1.0%CU, as the amount required in the world will grow exponentially and cannot be met. I note that in the UK they are even investigating previous copper mines in Cornwall.

Even in the UK, where currently we have just 164,100 EV's ~(not including hybrids) from a 37,500,000 vehicle number, it demonstrates that if even 2/3rd of these go over to EV's, it will require on average an extra 185lb of copper per vehicle, not including the copper required for massive Supercharging infrastructure that will be required, and not including renewable energy increased demands.

[sonoftherock] 02/12/2020 15:04

Grades are obviously important, and anything over say 1.5% Cu would be fantastic IMO. But POLY would be wanting something with scale too. It's just as likely that it's the AMT data has caught their interest. If there's good reason to suggest a thick and extensive VMS (or multiple VMS) then that could have been enough to make them invest at this early stage.

[wassapper] 02/12/2020 14:40

I am certainly looking for a market cap of min £30m on good results. That is at least double where we are now (lost the track of share sin issues due to Poly's investment). 35-45p has always been in my mind. Maybe 50p.

[excellance] 02/12/2020 14:26

Would POLY be interested of grades were average?

Of course not.

[soulsauce] 02/12/2020 13:28

To get to those sorts of levels we would have to have exceptional levels of copper and PMs.
I think Sammy is much nearer the money but who knows further down the line.

[sammythevoice84] 02/12/2020 13:16

I had 25p jotted down so may need to have another look at that

[cool hand kev] 02/12/2020 13:11

Really 😱 50p early target 😁

[oildon11] 02/12/2020 12:58

Fair valuation for this right now should be around 40-45p per share then if results are good should be around 90-120p

[32campomar] 02/12/2020 12:55

Unstoppable at the moment. Market cap still tiny.

[soulsauce] 02/12/2020 12:47

Seems today's tactic is to widen the spread to control the buying.
Still cheap given the deal.

[78steve] 02/12/2020 12:32

Had a small top up today at 16.20

[74tom] 02/12/2020 12:23

Level 2 now 2 v 2 at 16:17, profit takers running out so it won’t take much buying to move us up towards 20p...

[harrisun] 02/12/2020 11:55

Copper will not only be used in ever greater quantities, often byproducts are gold, silver and zinc.

An EV battery often weighs 600-700lb more than an ICE which means every method of reducing weight and size of other elements, hence so much more plastic used in an EV also. All that extra weight has to be pushed by the battery, and many of the mileage statistics for charging are based on California type environment, where little use of a heater takes place, or windscreen wipers, but where in countries with more rain and colder winters, battery performances is significantly degraded.

With regard the motors, its been found that making the rotors of copper also increase efficiency.

Copper also has antimicrobial & antiviral properties.

Future looks quite bright for copper.

[excellance] 02/12/2020 11:46

Look at RMM go BOOM!!


🚀 🚀 🚀 💥 💥 💥

[harrisun] 02/12/2020 11:41

some

accept that only applies where shielded cables are used. The majority of use in EV's is in electromagnetic motor coils the basis of the driving force in EV's.

The harness in an EV uses a fraction of the copper used elsewhere.

An EV depending on size contains approx. 185lb of copper with plug in hybrids containing 135lb and hybrids 85lb., whereas the average ICE vehicle contains 18-45lb.

[cool hand kev] 02/12/2020 11:35

It looks like that MM’s May have found a buyer 🤔

[excellance] 02/12/2020 11:13

Looks like someone sold a few at 15.70 and this has put fuel on the fire, the mm now has something to sell back to us at ever higher prices.

[someuwin] 02/12/2020 09:21

What many people don't realise is that a lot of the thickness of copper cable is to give the cable strength rather than electrical current carrying capacity. Using LSE:TWD's patented Improved Harness Technology (IHT) means that the strength is provided by the PCB rather than than cable. Result: Same current capacity with much reduced copper usage.

As copper prices are already heading to the moon, this copper saving aspect will become more and more important to EV manufacturers (as well as other manufacturers).

This is just one of the many reasons a major EV manufacturer has recently signed a £38 million deal with TWD.