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The comms is poor from XTR (I've complained many time that CB is spread too thin) and as such they miss opportunities to properly explain the scale of the emerging discovery in an RNS. You get a better picture listening to CB's interviews but most investors won't ever see them.
I think that when 3D modelling is released it will be a game changer because people will realise the size of the system and will be able to see where the drill holes have gone and we've yet to hit the sweet grades on the edges. An the 'double saddle' identified by the IP survey means we lots more raw tonnage and lots more sweet edges. And we are still waiting for the expanded IP survey results to scale the size of more mineralisation to the south, and the areomagnetic survey to show likely porphyry targets between Racecource and Footrot.
All still to play for. Can't wait for phase 2 to begin.
you are right there. your image is the more recent. the point I was making is about the grades at the bottom end of 5 and 6 and where that is location wise in comparison to other holes drilled, their directions, intersections etc. so both images serve the same purpose on this.
Hi Jwoz
Perhaps I’m missing something but wasn’t that graphic basically what XTR were expecting from hole 5 & 6? While yesterday’s Assays showed the mineralisation to be significantly less than expectations (maybe there was mineralisation but it was below the cut off)?
https://www.rns-pdf.londonstockexchange.com/rns/7404C_2-2021-6-22.pdf
Cheers
James
https://www.rns-pdf.londonstockexchange.com/rns/7985Z_2-2021-5-25.pdf
perhaps the visual will help when reflecting on viability of both shallow and deep mining as one will lead to the other and there's copper every step of the way. Also the significance of increase in scale of resource (so far) as a result of holes 2,3,5,6.
yesterdays results showed not only that there is lots of copper up top but if you follow that 1km long cigar, you'll still have significant volume up to 0.38 (or perhaps better) once you are at the other end of it and some 600m underground. And that is just what we know so far.
From what i can tell the plan is simple. start at the top. Dig, find the copper. keep digging. find more. don't stop digging till you've raked out the significantly increase tonnage all the way down that 1km hole 1 plunge. Happy days.
whether its AA, XTR or anyone else - in the world as it is today with demand for copper and scarcity of resource... its pretty straightforward given where Racecourse is located.
meanwhile - explore around the sides and surrounding area as all data suggests there's even more.
i really don't understand the slander but it usually precedes what is a 'busy season' for a stock so i expect its par for the course, and will be ongoing for a while as the volumes increase and news flow accelerates...
here goes
I have Pyo88 filtered, so I assume is he one of today green boxes :)
He isn't a shareholder. He is just one of those odd schadenfreude characters you find on some boards who turn up to gloat when the share price drops (hence the filter).
pyo88 - why? This is an early stage AIM explorer - not every drill campaign will hit the mother load. GGP has some great examples of this. Newcrest previously drilled the Havieron target, missed and gave up the licence - they didn't go deep enough. GGP picked up the licence cheap, drilled several holes, then hit big with their fifth hole. GGP also have had their share of misses - their recent campaign at Scallywag (next-door to their Havieron discovery) looked incredibly promising (right location, encouraging geo results) but has drawn an almost complete blank.
Compare that to Bushranger - we've hit long stretches of copper in every hole. We have a very large mineralised system and we know there are economic grades within the system from the existing jorc. The second drill campaign, due to kick off in Q3, has several targets not previously drilled.
I noticed in an earlier post you didn't know that Bezant was an entirely separate company to Xtract - perhaps you should get up to speed with the basics and understand what you have invested in before telling everyone else how you feel sorry for them?
I Honestly feel so sorry for LTH
Most on here were quick enough to have a go when I said the SP would be 3p soon when it was 8p. Some on here who think they know it all have lost £1000’s. Why don’t they wait until 0.9p. A Fool
And his money easily parted. It really makes no odds what CB says. It’s all about AA. If they come in at 4p then XTR would have done well. But I would wait until at least the SP hits 1.5p
Quite right. You said "these results are VERY strong," which simply left me incredulous. Sorry for the mistake. Do you really think these results are very strong? Show me a single copper mine in the world successfully mining these copper equivalent grades at these depths. I know you cannot.
Thanks
Quite literally did not use that word
Try context
And strong
Which i stand behind in a Porphyry system
"These results are incredibly strong." ?....incredible lies from jwoz, as usual.
just to try and spin the negative subject on its head.
hole 1 proved the length of strike is extremely long
2 and 3 proved that surrounding the strike the copper starts earlier (shallower) and finishes later (deeper) than previously expected or anticipated
5 and 6 went into new territory and proved that the deep crossover with the hole 1 strike is actually a big range of strong copper which increases at depth, which is (quite frankly) as good a result as we could have hoped
the "overall tonnage" is therefore increased with literally every holes results.
perhaps the image of the holes, angles and strikes needs to be shared again so all holes can be put in context..... as these results are very strong.