Mineral & Financial Inve... Share Discussion Threads

[btfd] 12/12/2017 10:20

Buying appears! Smart money getting in early before the update. Will be here before xmas.

[btfd] 29/11/2017 08:13

lol ok. I'll wait until I'm right and richer!

[shakeypremis] 28/11/2017 18:39

Most anomalies don't turn in to deposits. The overwhelming majority in fact. You can't say with any certainty that LS is a massive resource. Not yet anyway.

[btfd] 28/11/2017 17:58

Remember, LS 1 which we are awaiting the report for is just one of 16 other areas that could be assayed .. it's a monster resource, in a mining friendly area.As the company said.. "our belief that Lagoa Salgada could host more than one orebody that could become a mine.".. Kiss goodbye to these prices when the resource upgrade lands.

[btfd] 28/11/2017 14:18

Even if it's sold for 10 mill, things are going up get tasty here

[shakeypremis] 28/11/2017 12:25

Regarding a valuation here for the LS-1 resource, MAFL's 29/06 'Final Results for the Year to 31 December 2016' RNS can give us some idea of what it might be worth to them;

[...]

"The LS-1 resource is 4.5Mt of mineralization with a zinc equivalent grade of 8.1% That equates to 297,000 tonnes of zinc equivalent metal. The LS-1 resource is currently also being drilled with the intention of expanding the resource mineralization to between 8.0Mt and 10.0Mt. TH Crestgate believes that, if successful, the resource expansion should be at similar grades although at this stage there can be no guarantee that the zinc can be economically extracted.

However, in 2016, transactions of individual zinc rich mining projects occurred at a mean valuation of US$75.74 per tonne of zinc equivalent metal, while the median value is US$10.83 p/t of zinc equivalent metal. To look at it another way, a group of 31 junior mining companies with zinc-rich resources, comparable to Lagoa Salgada, currently trade at a mean valuation of US$50.21 p/t of zinc equivalent metal, while the median value is US$14.78 p/t of zinc equivalent metal."

If we take the mean value of $75.74 p/t of zinc-equivalent that comparable zinc-rich resources have been transacted at, for a resource of 297,000 tonnes of zinc-equivalent we get the following;

297,000t Zn-eq x $75.74 = $22,494,780 (not including any costs) - yes the Zinc and price of the other metals involved is higher than it was during 2016.

49% of this figure is $11,022,442 (again not including any costs).

Hopefully the resource upgrade will be very substantial so any sale of the resource can achieve this number or better.

[btfd] 27/11/2017 08:36

silly isn't it.. 5 out of 6 holes have had amazing results and the much anticipated resource upgrade is nearly upon us, and people are getting spooked by a couple of percent drop lol

[dave4545] 27/11/2017 08:14

Good news people sell bad news people sell. You just cannot win with this stock

[btfd] 27/11/2017 08:12

depends if that's the news you were waiting for lolI'm around for a long long time here. It matters not .

[harleymaxwell] 27/11/2017 08:11

Missjojo called it!

[btfd] 27/11/2017 08:01

Fractured hole but still found some zinc copper gold and silver at lower grades.. seems everything on track for resource upgrade

[harleymaxwell] 27/11/2017 07:40

What do we make of all that then?

[btfd] 24/11/2017 10:58

zinc price heading back to year high.. great time to own a huge high quality zinc resource

[btfd] 23/11/2017 14:27

gathering pace!...

[euclid5] 21/11/2017 15:54

Potential for 1.1 billion barrels of oil offshore The Gambia

• FAR has undertaken a detailed geotechnical evaluation for its 2 offshore blocks in The Gambia
and completed an assessment of hydrocarbon resources
• An independent resources review conducted by RISC for FAR’s A2 & A5 The Gambia Blocks
supports FAR’s assessment
• Combined Prospective Resources for the two blocks assessed at 1.1 billion barrels* (unrisked,
Best Estimate, recoverable, 100% basis) with 926 million barrels* net to FAR.
• The Samo prospect is on trend with the world class SNE oil Field, offshore Senegal
• Operations are underway to prepare for drilling in late 2018

hxxp://far.live.irmau.com/irm/showdownloaddoc.aspx?AnnounceGuid=afce9475-fe4b-4165-9312-edc78ee12dae

MAFL stake licenses are right next door to this

hxxp://www.far.com.au/africa/guinea-bissau/

hxxp://www.capenergy.co.uk/Operations/guineabissau/index.html

21 Nov 2017 news from Cap Energy

CAP Energy would like to announce that a lien has been granted by the Senegalese courts on the assets of FAR
Limited (“FAR”) in Senegal, namely its stake in the offshore Rufisque-Sangomar-Sangomar Deep blocks. The
lien has been granted as a result of the non-delivery of 3D seismic data over block Djiffere by FAR to which
CAP Energy believes TAOL Djiffere Ltd, holder of the Djiffere licence in Senegal, is contractually entitled. CAP
Energy is claiming damages of USD$15 million.
Two court hearings took place in Senegal on 28 August 2017 and on 15 September 2017 in respect of the above
in the presence of FAR’s representative, Maitre Ibrahima Mbengue.
CAP Energy will provide further updates in due course

hxxp://www.capenergy.co.uk/resources/Djiffere-Update-091117.pdf

[btfd] 21/11/2017 13:17

? what rumour?

[missjojo] 21/11/2017 07:26

buy the rumor but sell the news. getting out time

[btfd] 13/11/2017 09:09

stake building continues...

[dave4545] 09/11/2017 08:32

Hope the stakebuilders take advantage of these extreme chops in price on a couple of
sales by the sheep brigade and the price bounces later on.

[btfd] 08/11/2017 15:48

helloexactly

[dave4545] 08/11/2017 14:53

hello

The patient win in this market, the sheep who sell make nothing.

[dave4545] 07/11/2017 12:59

No wonder mm's closed buy limits down all they have to do is wait for one sale and the sheep sellers all turn up to bail them out.

[dave4545] 07/11/2017 12:45

Cannot even buy 10,000 online, are sellers going to bail too soon again and help out the mm's ?

[btfd] 07/11/2017 12:24

Keep the faith.. this is going much much higher over months ahead