dickie3times
26 May 2017
CB presentation-video.... Take time to listen.......does he hold back a little. Much more to come, imo[link]
Euro Chess
24 May 2017
Peer comparisons While waiting for news on Concordia, ive been looking for similar copper projects as a 'peer comparison', to get an idea of potential value.I think ive found quite a good current match in neighbouring Botswna. The T3 copper project is being explored by Mod Resources (MOD: Asx)They have spent last year doing exploratory drilling and have defined a relatively modest resource of 28.3Mt at 1.24Cu with 0.5 cut-off.They own 70% of the project.They currently have a market cap of around $120m (aud) and have been over $150m a few weeks back. Judging by this comparison I believe GLR has scope for considerable upside on defining a major copper resource.[link]
dickie3times
20 May 2017
Re: Found on LSE 'a must read' from the Mail article - 2012 GLR and Colin Bird.Mining and development plans are so well advanced Galileo has a lead on its rivals.For Bird it is a case of maintaining and making the most of this advantage, which he reckons is a ‘marketing issue’.this he means finding the right partners process his rare earths and end users to buy the product.‘Whatever you do in life you don’t play at it,’ Bird says. ‘We at Galileo are going to be very aggressive in our approach to other companies.’‘There are too many people on the dance floor and not all of them are going to get married,’ says the mining entrepreneur about the stampede into this very niche sector.But rather than scaring him off, this appears to have galvanised Bird, the boss and major shareholder of Galileo Resources.Increasing demand: Rare earths are used in high-tech gadgetryIncreasing demand: Rare earths are used in high-tech gadgetryHis strategy is to transform Galileo into one of the big wheels in rare earths rather than a classic price taker, as most small miners inevitably become.For the uninitiated, rare earths, with exotic names such as Europium and Dysprosium, are used in all manner of high-tech gadgetry from iPads to guided missiles and points between. More...SMALL CAPS MOVERS: Period of resurgence for formerly 'bombed out' firmsBuyers pile in to Tullow Oil amid takeover speculation and rumours of big find in AfricaThe scarcity of these elements and the growing demand for them made for a perfect storm.World demand is predicted to grow by 10-12 per cent this year. However, the addition to the mix of China (it’s the leading supplier of REEs but keeps a tight rein on output) has led to price volatility.Rare earths is a small and specialist market, which means that that once the supply taps are turned on to full blast it is quite possible the dearth may turn into a surplus. Already some rare earths, such as Dysprosium, Cerium Oxide and Lanthanum, have seen their upwardly mobile prices suddenly thrown into reverse gear.GALILEO AT A GLANCEAIM ticker: GLRValuation: £22 millionCurrent price: 27 penceYear high: 68 penceLow: 68 pence‘Rare earths have become the vogue,’ says Bird. ‘And the trouble with our industry is everyone wants to jump on bandwagons.‘It is great to jump on a copper bandwagon as there’s a lot of copper in the world or a nickel bandwagon.‘But when you start jumping on a specialty metals bandwagon where there is a very finite market, you run a major risk.’Bird’s Galileo has one major advantage that puts it ahead of the pack in the Glenover deposit in South Africa’s Limpopo Province.A former phosphate mine operated by the gold miner Goldfields, it has around 3 million tonnes of stockpiled material out of a total resource of almost 29 million tonnes at 1.24 per cent rare earth oxides.Of this 10.5 million tonnes is higher-grade material at 2 per cent total rare earth oxide.Around the central core of the pit, meanwhile, there’s an area of carbonatites grading 2.5-3 per cent rare earth oxides.The relatively straightforward nature of the project means it could be up and running in around two years for as little as US$50 million. And this is a huge point – getting into production in that timescale puts it well ahead of the chasing pack.The project is a rarity among rare earth projects in that it is connected by tarmac road, is 20 kilometres from a rail line, and has other vital infrastructure such as electricity and water nearby.What it will require is the capital equipment to process the material such as crushers, grinders, magnetic separation and flotation circuits as well as drying circuits.There is more to Galileo than Glenover. A deal with Rare Earths International will see the group earn an initial 35 per cent of the Nkombwe Hill rare earths project in Zambia, moving to 49 per cent if Galileo meets its exploration commitments.Its Mozambique project, meanwhile, is on a m
dickie3times
20 May 2017
Found on LSE 'a must read' Posted...courtesy of 'aunty' and surely will put GLR in a commanding position? d3t---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- -------by 'aunty'This was an article from 2012 on Glenover when the Sunday Mail interviewed Colin Bird. This is when i first got interested... [link] was trading at 28p valuing the company at 22 million then, but the Mail valued it at 68p. With no mention of Concordia at that time, could Glenover be worth alot more than we think? I know the market in commodities has taken a dive since then but with commodities and demand due to rise, and also without taking Concordia into account, could we be sitting on a veritable gold mine?
dickie3times
19 May 2017
Re: great update on Concordia Plenty of buys coming in and ticked up to on the close?
sufi sb
17 May 2017
Re: great update on Concordia Spot on euro chess. I think this is ready to fire in to orbit. Looking for a good ride towards 15p before the results come in 8 trading sessions time.
Euro Chess
15 May 2017
great update on Concordia Well they sure have been busy down in South Africa, great to hear the that the IP geophysics method has been proved, this will no doubt expedite the exploration greatly by reliably identifying anomalous zones. Now they can really get down to business in the follow-up drilling.All in all a very bullish update at this stage and the 'visible copper sulphide mineralisation' is music to my ears. Here's a good summary of today's announcement from proactive:[link] forward to the assay results...
Euro Chess
15 May 2017
history repeating itself? I've just been looking back at Kiwara plc, Colin Bird's last big success story where after just a couple of small and inexpensive drilling campaigns in Zambia he proved up an Inferred Resource of 340MT at 0.78% copper (using a cut-off of 0.55% Cu) and sold the project to First Quantum Minerals for £158m. I was a holder of Kiwara at the time and still remember the progress, in fact I've just been looking through the announcements of the Kalumbila copper project and can already see some stark similarities when comparing to the Concordia project: 1) Historic drilling data2) Validation of previous work with a new model3) Near surface mineralisation, feasible with open pit mining4) core drilling leading to an inferred resourceThis all happened within quite a short timeframe in 2008 and was sold in 2009:[link] the biggest shareholder of Kiwara, Colin Bird walked away with approx £35m, yes that is no typo, £35m!Almost makes me wonder why he's still in the game? It requires some motivation for sure...Could he pull it off again with Concordia with an even bigger payday? I recall him mentioning last year about Concordia "On the global drawing board of emerging copper projects, this will be in the top two or three"
Euro Chess
15 May 2017
Concordia I would have thought we should be getting close to an update for Concordia, perhaps this week or next. The RC drilling likely completed in early April, which I understand was a bit behind the anticipated schedule, this means a return of the assays was probably late April. Then the work to analyse these results and correlate the geophysics with sulphides is not a quick job and probably takes at least 2 weeks, as well as attaching copper grades to the chargeability values. Time to draft the technical report and issue a project update maybe another week, so my best guess we're prob looking at the 3rd or 4th week in May for an update.There may also be additional news such as: potential resource size based on the model, selected drill targets for the diamond drill programme etc.I'm looking forward to a big surge in interest in Concordia once news is out..
Euro Chess
21 Mar 2017
adding and holding It's ticking all the boxes, this is going to be SA's next WC copper min
Geela
16 Mar 2017
Re: What size Concordia resource? Anyone know what the cut off grade for Concordia is?
Euro Chess
09 Mar 2017
What size Concordia resource? Anyone seen estimates of potential size?This is from Aug 2016:· The targets including those as high priority for exploration by the Company and Minxcon currently host conceptually.798.55 million host lithology tons, estimated to contain 50% mineralised host at a mean grade 0.57% Cu.· Other identified areas are currently under investigation to increase project size potential.I make that 2.27 million tonnes of copper if my calculations correct. That's huge and it may be a lot more once other areas included.
Euro Chess
08 Mar 2017
link to JB I belive Galileo's stake in this could be worth quite a bit:[link]
Euro Chess
08 Mar 2017
Re: potential disposal of Glenover asset I understand that this option has lapsed by mutual consent in Aug last year, where Fer-Min-Ore had the option to buy-out GLR's share of the JV for $4m. The JV (GLR & Fer-Min-Ore are now pursuing other strategic options that may be a sale of the whole project to a 3rd party or a development option)Colin Bird Chairman and CEO said:" Opportunities in the phosphate industry have resulted in Fer-Min-Ore and Galileo reconsidering their relative positions concerning prospects for the Glenover project. The conclusion was that at least two specific strategic opportunities exist and there is considerable scope for value enhancement". This seems to suggest that the project value has increased over the last year...The half-year report was quite to the point:"The Glenover Phosphate project in North West South Africa continues to be of interest to the trade. We announced, on 30 August 2016, that the exclusive option to Fer-Min-Ore had expired on the 28 August 2016 and the shareholders would work together towards a mutual and beneficial business plan. This activity continues and we are confident of a favourable outcome during the early 2017."
Elviron1
04 Mar 2017
Re: Timescales - Concordia Yes and it's not just that. CB has stated in previous interviews that he intends to get this wrapped up for sale as soon as possible - the intimation was looking for a sale late this year, and already talking to the trade. Things are going to schedule so far so it's definitely achievable.It all hinges on these drill results. If they come good then we can start to think of a sale value in the region of 90p/share.
