Keras Resources Share Discussion Threads

[the count of monte_cristo] 17/5/2017 15:23

Ed, again, do not compare KRS to SOLG, clearly you have absolutely no idea about geology and what SOLG are sitting on (I do not own any SOLG). Leave the comparisons out because you are making yourself look geologically foolish.

[the count of monte_cristo] 17/5/2017 15:21

Ed you really do not have any clue, Newmont Mining are looking at GGPs EG project, it could host multiple million ounce gold deposits, any one of which would be a company maker. NM are the largest gold company. I would not start to compare the two unless you are a trained geologist, which you are not:)
Regards, ToMC

[rec0very stock] 16/5/2017 16:24

Ed,

A constant drip drip of placings is exactly what keeps the share price low and the dilution horrible.

[edgein] 16/5/2017 12:17

Luckily for KRS there's going to be plenty more good news to come. What's the chances of the only gold being in these artisanal working in just 2.5km of the 7.5km strike and that KRS have managed to drill the only gold there on all these licences. Hmm don't think they were that lucky. That £5m on initial listing for Calidus will go a long way and Dave's no slouch. We've already got targets open at end of hole, at width and along strike. Significant high grade intercepts from surface which bodes well for the planned 12000m of holes to be drilled.

There are plenty of small miners valued similarly to KRS that don't deserve to be as highly capped as they are as they've no scalability. There are also non-producers capped at many times KRS such as SOLG.

Regards,
Ed.

[edgein] 16/5/2017 12:11

RS,

There'll be placings to fund the new licences in Togo. First things first though, trenching and assays as well as chip sampling. By the time that is concluded they should be well on their way into the drilling campaign at Klond and what I see as the inevitable re-rate. We'll likely raise the odd £1m here and there to get a rig on there for 2500-5000m of holes and see just how much of these licences contain Co/Ni, but that could be 2018. It'll take a while for the early expo of these large blocks. In the mean time I expect a re-rate of Calidus/KRS from Klond results and constant news flow throughout 2017. Of course Nayega could come at any time, but I'll believe that when I see it. In the mean time all eyes will be on Calidus and KRS moving to 60% through the performance shares. I reckon we'll be 1p+ by the time they get around to raise for drilling in Togo. Ideally they'll skip phase 1 at Togo and move to phase 2 with a jvp. Manganese sells for $1850/tn at present, a jvp and manganese alloy production would be a cash cow at Nayega. Dependent on funding of course.

Obviously something similar to KOD would be ideal, they did quite a lot of shallow drilling on a small initial fund raising, but they were past the trenching and sampling stage.

Regards,
Ed.

[defcon3] 16/5/2017 12:07

Count, I wasn't referring to specific manganese producers. My poorly worded post simply meant there are miners producing on AIM that are priced similarly to KRS. There's a lot of good news in the KRS valuation, imo.

[rec0very stock] 16/5/2017 11:22

Ed,

Whilst I admire your enthusiasm and optimism, you should not get too far ahead of reality. Where is the money going to come from to do much more than collate historic data and maybe get a few more close to surface samples tested on the Ni/Co project?

I have read the info on the gold project in the Calidus prospectus. There is plenty of potential upside, which hopefully is enough to entice enough money in to achieve the minimum funding requirement. The drilling campaign will hopefully yield some good news flow, but it is only when the PFS is complete that anyone will know whether the project has any real value. The key thing will be to have enough gold extractable at low enough cost to make it worth putting in the large amount of capital to build a processing plant. I understand there is a processing plant 200Km away, but that is a long way to cart truck loads of predominantly waste rock. The PFS is at least 18 months away.

KRS PLC gets no cash from the ASX fundraise. The fundraise clears the debt taken on to buy the gold project but does not clear other KRS liabilities. The best chance KRS PLC has to raise money at reasonable rates is on the back of the Mn licence being granted and an updated DFS being published to attract funding of some form for that project. As cash flows are generated from it then some of that could be put into advancing the Ni/Co.

[edgein] 16/5/2017 09:53

RS,

Well the Calidus assets are quite good. Compare the grades and intersects at GGP for example and you could fit multiple holes of theirs into one of ours and our grades and intersects are still much better! I can see Calidus being a hot stock given the drilling results to date, high grade and open at end of hole etc from surface. I'd imagine that Calidus will also attract some UK money as well as ozzie. Nayega could still be some time off yet so focus will turn to Nickel and Cobalt in the short term for KRS.

Regards,
Ed.

[rec0very stock] 16/5/2017 09:44

Minco (MIO) has a Mkt cap of £9.4m - a bit more than KRS. It is into a number of metals, including Gold and Mn. It is however making a loss. Broad brush comparisons between companies are meaningless.

There are plenty of reasons for optimism and upside here, but there are also risks which need to be factored in. If the ASX listing does not raise the minimum amount then KRS will go bust as the Gold project will go to the creditor. The Cobalt project is so early stage it has no real value, especially as KRS do not have the money to do very much with it. The Mn licence could be the key to a rerate, if / when granted. However Mn ore prices remain depressed:



Overall I am not surprised by the market reaction to yesterday's news. There still seem to be a lot of placing shares which people are happy to sell at or slightly above placing price to then sit on the warrants risk free.

I will be going to the EGM on 24th to try to get some indication of how the ASX subscription is going and also any further updates on the Mn licence.

[the count of monte_cristo] 16/5/2017 09:07

defcon3,
Please name them? What AIM producers of manganese are listed on AIM which are capped less than KRS.

[edgein] 16/5/2017 09:04

Hmm, they're also into high grade gold and also high grade manganese too it seems. Lets see if Calidus is fully priced when its lists and what happens when it drills the planned 12,000m of shallow holes. I wonder is it possible to hit more bonanza grades like exists in some of those historic workings on the acreage. Only 2.5km of the 7.5km strike has been drilled, but that's only one of the strikes on these assets.

Regards,
Ed.

[defcon3] 15/5/2017 16:35

This looks fully priced at £7.5m market cap for an explorer. Great they're into cobalt, but by the time they come to dig it out this sector cycle would have passed. Managanese is their best bet for value extraction, but I wonder how much of that is built into the price. There's producers valued at less on AIM

[hope67] 15/5/2017 10:17

Highlights



· Five exploration licences granted that cover known cobalt and nickel mineralisation;

· Average rock chips from mineralised zone grade at 0.82% nickel ("Ni") and 0.19% cobalt ("Co"), with highs of 1.4% Ni and 0.25% Co:

o Equates to a 4.5g/t equivalent gold grade based on current metal prices;

· Initial exploration work consisting of mapping, sampling, trenching and data compilation of historical data to commence immediately;

· The licences have an initial term of 3 years, which can be renewed twice for a period of 2 years each;

· Licences further confirms Keras' commitment to Togo - the Company holds an 85% interest in the Nayega manganese project in northern Togo; and

· Land expansion underpins strategy to target exposure to the potentially high growth battery market through the development of three complementary commodities: cobalt, nickel and manganese:

o Cobalt often reported as the most critical metal from a supply perspective for the battery industry and prices have increased 100% in the past six months.



Keras Managing Director Dave Reeves said, "Building upon our established presence in-country and positive relations with the Government of Togo, the granting of these five exploration licences marks a significant step in delivering upon our strategy to build a portfolio of assets that will enable us to target the burgeoning battery market. Whilst lithium has gained much attention during the past 18 months, we believe there is a significant gap in the supply of metals such as cobalt, nickel and manganese, which is currently not being addressed. Indeed, a substantial shortfall in mined and refined cobalt is expected before 2020 unless additional capacity is brought online.



"With known cobalt and nickel mineralisation outcropping at surface we believe these new licences represent a significant opportunity for Keras and accordingly we are excited to commence exploration activities. Initial mapping, sampling and trenching alongside historical data compilation is due to commence immediately in order to better prove up the exploration potential. We expect the results from this will then enable us to better define our future plans. I look forward to keeping shareholders updated with these initiatives in due course."

[edgein] 15/5/2017 10:15

Hope there is 2200 lb per tn





Regards,
Ed.

[hope67] 15/5/2017 10:06

think you have mis typed there

hxxp://www.infomine.com/investment/metal-prices/cobalt/

[edgein] 15/5/2017 09:49

Also worth noting too is that Cobalt trades at x6 lithium prices at present (Co $54.5k per tn, Li $9k per tn), so the Cobalt grades here are similar to KOD's high grade lithium deposits.

Regards,
Ed.

[andrewhbruce] 15/5/2017 08:35

Market cap £7.3m, just off to the bank!!
AB

[edgein] 15/5/2017 08:02

Excellent news. 5 new licences covering a very large area for nickel and cobalt. Mineralisation at surface and trenching and sampling to start immediately. Also equivalent to 4.5g Au is very good too. Dave not sitting on his hands that's for sure, and hopefully one of these days the DFS, ML and funding will appear for Nayega. Calidus listing coming next month too.

Regards,
Ed.

[cpap man] 15/5/2017 08:00

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining

15 May 2017

Keras Resources plc ("Keras" or "the Company")

Cobalt and Nickel Licences Awarded



Keras Resources plc is pleased to announce it has been awarded five exploration licences, covering 854.3 square kilometres of ground in Togo that cover previously discovered cobalt and nickel mineralisation. The grant of these licences follows applications made to Ministry of Mines and Energy of Togo as announced on 30 March 2017.



Highlights



· Five exploration licences granted that cover known cobalt and nickel mineralisation;

· Average rock chips from mineralised zone grade at 0.82% nickel ("Ni") and 0.19% cobalt ("Co"), with highs of 1.4% Ni and 0.25% Co:

o Equates to a 4.5g/t equivalent gold grade based on current metal prices;

· Initial exploration work consisting of mapping, sampling, trenching and data compilation of historical data to commence immediately;

· The licences have an initial term of 3 years, which can be renewed twice for a period of 2 years each;

· Licences further confirms Keras' commitment to Togo - the Company holds an 85% interest in the Nayega manganese project in northern Togo; and

· Land expansion underpins strategy to target exposure to the potentially high growth battery market through the development of three complementary commodities: cobalt, nickel and manganese:

o Cobalt often reported as the most critical metal from a supply perspective for the battery industry and prices have increased 100% in the past six months.



Keras Managing Director Dave Reeves said, "Building upon our established presence in-country and positive relations with the Government of Togo, the granting of these five exploration licences marks a significant step in delivering upon our strategy to build a portfolio of assets that will enable us to target the burgeoning battery market. Whilst lithium has gained much attention during the past 18 months, we believe there is a significant gap in the supply of metals such as cobalt, nickel and manganese, which is currently not being addressed. Indeed, a substantial shortfall in mined and refined cobalt is expected before 2020 unless additional capacity is brought online.



"With known cobalt and nickel mineralisation outcropping at surface we believe these new licences represent a significant opportunity for Keras and accordingly we are excited to commence exploration activities. Initial mapping, sampling and trenching alongside historical data compilation is due to commence immediately in order to better prove up the exploration potential. We expect the results from this will then enable us to better define our future plans. I look forward to keeping shareholders updated with these initiatives in due course."

[cpap man] 15/5/2017 07:58

RNS out from KRS....

[edgein] 08/5/2017 11:16

Andy,

Should be up and running in June, then 12000m of drilling to come on Klond and surrounding areas.

Regards,
Ed.

[andylee3] 08/5/2017 08:48

RNS

ASX Prospectus lodged by PNO on schedule on May 5th......

www.investegate.co.uk/keras-resources-plc--krs-/rns/lodged-prospectus-for-asx-listing/201705080700093970E/

[greatfull dead] 04/5/2017 09:59

arab,

VIA email. I have registered for that info. If your broker has not informed you via email, phone them.

ATB,
GD

[arab3] 04/5/2017 09:52

GD
where do you get the notification with TD?