Has anybody heard when Berkeleys paper work is going to be signed, thought it was going to be at the beginning of January or have I got it wrong? Just wondered if anybody may have heard something as all has gone quiet on this one.

look up mark wainwright - also his position in managing this deal...... an eye opener for those who dont already know...

note Since August 2009, he has been a Managing Director at Turner and Townsend...

by pure coincedence LOL LOL LOL Turner and Townsend are managing this deal - now i wonder why mark wainwright would want to join bmr - could it be he knows what a huge deal this is!!! LOL

kerrrrrrrchinnnnnnnnnnnnnnnnnnnnnnnggggggggggggggggggggggggg!!

Board Change
Fri, 14th Jan 2011 07:00

RNS Number : 4521Z
Berkeley Mineral Resources PLC
14 January 2011

?

BERKELEY MINERAL RESOURCES PLC

("BMR" or "The Company")



Board Changes



Berkeley Mineral Resources, which is primarily engaged in processing mining tailings, announces two alterations to its Board of Directors as follows:



Mark Wainwright, 52, MA (Cantab), MBA has been appointed a non-executive director. After commencing a career in mining with Gold Fields in South Africa, in 1998 Mark became a mining consulting Partner with Deloitte initially in South Africa and then Russia where his clients included a wide range of the world's leading mining and mineral processing companies.



Since August 2009, he has been a Managing Director at Turner and Townsend, an international construction consultancy, where he is the global leader of the Mining and Metals team.



There are no other matters which are required to be announced with regard to this appointment under paragraph (g) of Schedule 2 of the AIM Rules.



In addition, Yoram Ben Israel, who has been a non-executive director of the company since September 2005 has resigned his position to pursue his other interests.



Masoud Alikhani, Chairman, commented:



"The Company is grateful to Yoram Ben Israel for his contribution to BMR over the years and wishes him well.



We are delighted that Mark Wainwright is joining the Board. He brings with him a wealth of experience gained with some of the largest corporations in our sector. I am sure he will make a substantial and effective contribution to our development strategy, operational ability and offtaking activities to fulfil the needs of the Company as it grows to become a major producer in the world mineral processing business".

Thanks for the information. Will sit patiently!!!!!

you are welcome - that makes 2 of us!! gl

well well, bmr gets more interesting - apparently there will be rare earths in addition to what is known that the tailings already contain - good strategy here: there is no need to dig expensive mines when you can just filter through the tailings of a former mine.

Now that the prices of these metals, lead and zinc, are much higher, it makes excellent commercial sense to go over these huge tailings (mine rubbish dumps) and remember rare earths were not even understood when these vast African mines were being dug last century. There are also very good prospect of silver also.

BMR now have contracts to 3 dumps at Kabwe and are awaiting news on the fourth and biggest. Estimated minimum revenue on the first three are c. $140 million (est. profit $53 million). With the fourth dump this could add another $150 million in revenue over the 11 year contract with profit at a similar or better ratio to the first 3.

In addition to this bmr are expecting a JORC report on exactly what these tailings contain and also news on other mine sites in Africa that bmr will be working on et cetera et cetera

roll on final signing of contract somewhere between 10p - 20p - other news jorc / tailings updates / upgrades, 40p upwards as time and new marches on imo

kerrrchinnnnngggg!! again!