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27.0¢ nzuri copper limited

Where all the money has gone..., page-26

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salpetie

1,373 Posts.

942

10/06/18

23:37

Post #: 33627850
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Originally posted by mineralised ↑

How funny, so many top gun armchair geologists commenting on an exploration program that has the attention and indeed supervision of many actual world class geologists.

The current team took over in 2016 and had to clean up a corporate and legal mess. They tried to get things started with a few holes in Kam but couldn't push through the wet and mud. In 2017 they hit it hard and while we haven't made a new tier 1 discovery we have jagged 3 maybe 4 satellite ore bodies that will pay back any expenditure to date ten fold and simply need infill / met work to fit into the mine plan.

When will we hit something big - maybe it will be Kasangasi, maybe Mamba, maybe Kambudji.

David Broughton, VP exploration and credited with the discovery of Kamoa / Kakula just a few km north of Kasangasi provided the interpretation for how they are attacking this target this year. He's been to site viewed the core and said we need to go back, and he rates our current exploration manager Tom. We also have input from Simon Dorling one of the most experienced geo's in the DRC.

No you don't know better than our current management, or the exploration geologists consulting.

Meanwhile Kalongwe has been progressed and is now in the early stages of construction with financing due over the next few months, with the current project more than covering any possible exploration downside. I have never had exposure to multiple tier 1 opportunities with no downside and a worst case simple DMS mine build that delivers close to the current market cap in annual cashflows with some competitive offtake - or a takeover.

You are simply framing the lack of share price growth as a lack of progress on the ground and listening to a narrative that suits your current emotions, which is fine, but if you are going to be emotional and hold a stock in the DRC, you should frankly just sell out and disappear.

We had the DRC government drop the hammer on the mining code this year and slow our momentum from the 40's. Unbelievable the focus on the whimpering and whinging of this troll who is chasing a best case 3-5mt at 0.1% cobalt head grade (after mining dilution) that will have equal or higher grades of arsenic to cobalt and require a roaster and a very long permitting process and a capital cost in excess of the cashflows the project will ever have a hope of producing.

The people involved and advising Nzuri manage large funds, have financed billion dollar projects that underpin billion dollar profitable companies and have made billion tonne discoveries. Nzuri major shareholder huayou is the largest cobalt chemical producer in the world.

Meanwhile the peanut gallery squints at the screen and says "nah mate wheres the money gone", how about, where's your brain gone.

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How funny another top gun armchair investor (with lots of geo knowledge) adds another set of interesting factual aspects + comments to this thread. Lots of good things about NZC including the NPV which came out with the extended DFS. I suspect management were disappointed the SP didn't reflect what they thought were good numbers.

Last edited by salpetie: 10/06/18

NZC Price at posting: 25.5¢ Sentiment: Hold Disclosure: Held
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