Greenroc Strategic Mater... Share Discussion Threads

[the count of monte_cristo] 12/10/2022 01:56

ACP are a better comparison, although as with BRES they are years more advanced with the project.

[sicilian_kan] 11/10/2022 18:19

john:

The US Government's scientific agency the "United States Geological Survey" states generally about graphite:

"The graphite content of a typical deposit varies from about 8 to 15 percent carbon"

BRES is just 6% graphite. It is low grade. By contrast, GROC is around 20%.

You can also see this on the chart at page 8 of Greenroc's presentation. Put BRES in the chart and you will see it is approximately the bottom 25% perhaps bottom 30% of graphite grades for deposits under development. By contrast, GROC is second highest grade in the world.

So I disagree with you when you state that BRES is not low grade. It is. And it is in one of the most corrupt countries in the world which adds to the risk.

[the count of monte_cristo] 11/10/2022 10:50

Thanks John.

[john covenant] 11/10/2022 10:50

Well if you look at other producers and near producers (which would not include GROC) it is not low grade and as the PFS demonstrates is commercially very attractive.

Uganda maybe a risk - but their Chinese partner clearly happy with that risk

[john covenant] 11/10/2022 09:36

I think it is far too early for partners to be interested

5m cap too low? Look at BRES 6m cap and they are years ahead of Groc- mining licence, pfs and a likely strategic partner all in place and an absolutely vast resource.

[bobdown2] 11/10/2022 09:25

The bigger the assets the more chance of a joint venture. Jay has a nice mixture of partners. That this is turning into a world class field and there are more assets to be proven up yet suggests a partner will be sooner than later. It could be this that ignites the share price.
A market cap of 5m for a world class graphite field is far to cheap. The illumite drill results are delayed but also close. They too could be big. Monies involved will be based on the worth of the assets not the stupid aim market ones

[sicilian_kan] 11/10/2022 09:24

As someone who never invested in Alba, why hold Alba when you can hold Greenroc? Surely this is the exciting asset. Plus to own Greenroc through Alba just means two tiers of management, two dilutions to get through etc. Makes no sense. Am very happy holding Greenroc directly.

[john covenant] 11/10/2022 09:14

COMC

Less than 1m
I estimate around 250k a month
This year (i imagine they hope to get the assay results out and raise on that basis)

Yes not a great time to be raising cash - and also complicated by the fact that Alba will also have to raise cash - assuming they dont want to be heavily diluted here

[bobdown2] 11/10/2022 08:01

A falling share price has ignored all the increases in assets here.
Door. And realise bigger companies will not be shy in going for joint ventures.

[the count of monte_cristo] 11/10/2022 07:59

1. How much money have they got?
2. What is the cash burn?
3. When will they need to do a cash raise?

They will obviously need to spend money to drill this and prove it up. If they need to do a placing soon it's not going to be done at a great price due to the markets.

[sicilian_kan] 11/10/2022 07:10

Outstanding news - "we believe that we are in the process of defining a graphite province which could well be of global significance". The current market cap here of £4.67m is crazily low.

Key Points

-- Historic graphite occurrences have been confirmed in four new zones of interest, broadly forming a north-south tract some 30km long.

-- The four zones comprise Nanortalik Island, Tusardluarnaq North and Thomsen's Island, which sit within the southern portion of the newly acquired MEL, and Amitsoq Valley Bed, which lies 7km NE of the established Amitsoq Island deposit.

-- On Nanortalik Island, graphitic grades of 23.4% C(g) to 32.5% C(g) have been reported from eight samples over a strike length of 800m and the graphite bodies remain open along strike to the north and south.

-- At Amitsoq Valley Bed, a new 1km long zone of graphite-bearing rocks with values up to 24.9% C(g) was identified.

-- These results have significantly expanded the potential for multiple significant graphite discoveries outside the primary target zones of the Amitsoq Island and Kalaaq Deposits.

GreenRoc's CEO, Stefan Bernstein, commented:

"The results of sampling from new and historic finds show the graphite deposits within our licence areas to be extensive. We now have identified high-grade graphite ore bodies, with grades in excess of 20% C(g), across our Project, starting at Amitsoq Valley Bed in the north, running through Amitsoq Island and Kalaaq, and extending as far south as Nanortalik Island, with several lower grade graphite mineralisations in between. The distance between Amitsoq Valley Bed and Nanortalik Island is some 30km, and we believe that we are in the process of defining a graphite province which could well be of global significance.

"These are exciting times at GreenRoc, as we are awaiting the assay results from our Phase 2 drilling at Amitsoq Island, following which there will be an updated and expected higher category resource for the Project, which should be ready in a couple of months' time. With critical global demand for new supplies of graphite, this is an opportune time to be developing a project of Amitsoq's quality and potential magnitude."

[ryanrhys1] 07/10/2022 16:17

That's not how share chat works.... Issues have been brought up so unless you can contribute you just look stupid.

There's enough idiot rampers like you telling everyone how amazing the investment is but offer no proof or substance year after year. If your going to say there's going to be jvs and none materialize you again just look foolish.

[ryanrhys1] 30/9/2022 21:04

They are armchair investors, believe anything GF feeds them. When you bring up real issues and research they are clueless.

They been shouting joint venture, Greenland World Class and they have the best graphite in the world for over a decade yet look at the sorry state they are in. Next fundraise will show them that there is no intrest, no one wants their graphite and the company about to fold.

Finnaust had connections and contacts even the government survey company giving discounts.... Alba has nothing and when I asked just how many mines have been started in Greenland in a decade they refuse to answer because it shows how little the world wants its assets or cares.

Complete failure and when Alba closes for good from running out of cash it will highlight just what a failure most of these Aim type lifestyle companies become!?

[luffness] 30/9/2022 20:42

Who would have thought it an early stage explorer not valued at the full value of estimated assets. Shurely shome mistake

[luffness] 30/9/2022 20:40

Filtered- what a blowDon't think that will get them to production any quicker or resolve the cash issues though

[luffness] 30/9/2022 07:55

Sadly you seem to have zero clue about know long it takes explorers to get to production or how they are valued

[bobdown2] 30/9/2022 02:01

5m market cap and the assets are worth nearly 30m. Mind you alba has 54% of the shares. You could say that roughly their share of the asset value is 15 million and yet the market cap is only five million. There is loads of value not priced in.

[ryanrhys1] 30/9/2022 00:06

Jay or Finnaust at that time since it hadn't been bought by Jay yet had connections in Royal IHC who supplied plant, help with a full survey onshore and offshore plus did trial runs at a refinery in Australia for them. This saw Rio and another put some cash in to see where it would go....

You cannot compare Finnaust to Greenroc in any way, has GF got confused connections to companies like Royal IHC and can secure dredging barges and plants.... Nope!?

You think partnership is easy but Rio really held back with a first note of 10million before even considering more. None of this has happened at Groc and so far it's all talk of which Alba used the same rhetoric and got zero interest.

Some rampers aren't doing research, Finnaust dropped the Alba plot as unfeasible because of terrain, rivers, costs, no port site and so forth or they would have held it for minor cost.

Groc is a complete failure, fast track and more surveys are mere words and pointless studies. Finnaust spent £5million in one year and did everything to secure Royal IHC and Rios cash so maybe think about that since Groc and Alba have been plugging the same bottom feeding rubbish for years with nothing coming from it.

Also Thule's real resource is off shore not on shore hence why Royal IHC was in from the start. Alba aren't anywhere near doing offshore studies and don't really have the right coastline for dredging like what will happen in phase two of Bluejays plan.

Research not ramping, Bobdown is just wishful thinking he hasn't really got a clue!?

[luffness] 29/9/2022 14:37

They are hoping to do the DFS in 2025....Or BRES likely early production next year and a vast resource