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maptek, by eck thats a reet gradely ole ;)
Or, with all the $ gains of late, treat yourself to some shiny software:
https://www.maptek.com/video/webinars.html
I am holding big and long mms bar stewards playing normal games cxxts !!
Don’t fall for them this has serious great distance to go
Hope your order contains plenty of yellow plasticine :-)
Wouldn't it be cheaper to get your raw materials from the fruit & veg isle at Sainsburys ?
OK good tips there, I will post my "poorfree" after Hole 5 and get Iceberg to mark my efforts out of 10 and then maybe submit for the Turner Prize.
Very psyched for the assays now.
Plus every day that passes , Hole 5 goes further in a direction that extends the whole reach of the system in the other direction?
126-45+70+70 of mineralsation as per this afternoon as an estimate? so guess of 220 metres of mineralisation so far
@ Cyberiachas
Unlike Close Encounters of the Third Kind where he had the image in his mind and he made the shape a centre piece in his living room - you need to think of a somewhat flattened Cigar, ovoid in shape, sloping 45 deg down, with a Butternut squash end to it, with cathedral like fingers creeping back up to the surface (all in outer dimensions of 1km sq'd - at least) - me thinks your going to need more plastacine ...
ATB Shorn
Think of all those poor kids who can't get hold of any plasticine to pass their hours in lockdown. All because everyone is modelling Racecourse. Who manufactures plasticine - is XTR going to cause a spike in their shares...
I'm only modelling actual drills so far and have just put in an order for more plastacine from Amazon
Where did you place the all important additional extensions loosely called "Cathedral spires" (mentioned by CB in his ZM interview) on the plastacine model ?
ATB Shorn
Also tried to post earlier that you really wouldn't want to be out of this overnight.
An afternoon release of Assay results in Sydney say 4pm would equal 5am in the UK and an "early Bird" 7am RNS release .
good luck everyone , I'm sure theassays are very close IMHO
Also, in terms of the model of the porphry, do what I did,
order a nice big lump of plastacine online, get some nice long straws where you can mark mineralisation starts and finish , pop them into the clay one by one starting with Hole 1 and lump on extra bits as you need (quite a bit recently)and, a bit like Close Encounters of the Third Kind the porphyry takes shape.
Then find your way over to Bushranger
Teip
The 1st 3 holes of Racecourse have been RNS*ed.
The 4th hole has been finished with the latest RNS & 2 interviews.
Now, it is onto the 3rd hole and when that is finished, there will be an RNS as usual per what Mr Colin Bird said in his 2 interviews yesterday.
The 3rd hole per Mr Bird from his interviews is to test the WIDTH as the STRIKE has always been known at 1,000m. The depth is 1,000m per Mr Bird in his interview yesterday. Mr Bird also gave the width at 1,000m. This is a rough dimension as some will vary a bit here and there if one looks at any co*s final model.
----
You have asked for an updated model? Usually, even for Greatland [John Cornford mentioned XTR and where Greatlanders have gone in his article], there was NO updated MODEL in so far as after 9 holes at Havieron, the co issues a TONNAGE figure. However, it would appear that Newcrest could run more professional evaluation/s as well as the industry as Gervaise Heddle said they rang him.
Hence, in the very early days, even BEFORE HOLE 1 COULD FINISH at Racecourse, some ran their own cals and by far, the results thus far from the 4 Holes at Racecourse doesnt appear to meet with models with NO results.
This is where we are at. So, as Mr Bird said, they are going to prepare the UPDATED MODEL with INPUT FROM GRADES and that has to wait for ASSAYS.
The type of modelling or map to give ACTUAL TONNAGE is not possible until the grades via assays are released.
So, for now, it is up to each one to evaluate their own models. Usually, the professional geologists and economic geos from funds have a lot of models to compare with especially from the Lachlan Fold and therefore even then, it is for private calculation.
Hence, once the later results are known, then accordingly the market will play catch up.
For seasoned investors like the fund that has invested, they may also do some of their own models or get someone that is a specialist to run it.
In the meantime, as Mr John Cronford of Masterinvestors appears to be saying is that the data will come in.
Hope that helps to give an idea of what every exploration play appears to be about as in Havieron and Alpala and Porvenir and so forth.
DYOR.
News 3 Mar 2021. [Wed]
Cheers,
Good to know my assumptions don't seem too far off.
Teip,
This is the diagram I was using
http://www.rns-pdf.londonstockexchange.com/rns/8229M_2-2021-1-25.pdf
Teip,
This is the diagram I was referring to
http://www.rns-pdf.londonstockexchange.com/rns/8229M_2-2021-1-25.pdf
CE,
I don't know how it equates to the end of March expectation. Some of my assumtions may be grossly out or maybe we won't get a model bythe end of March time frame.
There is no chance imo, of a model this month. Even April imo.
But that's because I think it's bigger and more complicated :)
can you share that one? Last one I saw is in the 22/12 NR with only showing the first 3 (plus some historic holes)
Oh I can live with that ;)
Hello Ella,
How does that equate to CB's statement in his interview of Feb 6th that a 'perfect model' was due to be finalised after about 6 weeks using the new drill data?
That would put publication of the 'perfect model' around the end of March/ early April allowing for the inevitable covid delays...
The latest drill plan shows 9 holes planned. Assuming hole 4 means 10 holes are now required then we have 5 more holes to drill (and assays to receive) in order to get the info to update the model. This is large deep resource so if my understanding is correct, assuming an optimisic 80m a day, and an average of 800m a hole then once hole 5 is finished we would have 50 more days of drilling to get the cores to complete a model. This does not account for assay times for the last hole or updating the model. The remaining holes may not need to be as deep but I'm not sure any of them will be much less than 700m. I assume if we are lucky with the targets we may not need 10 holes to get to a reasonable model. This is sort of good news as the bigger the resource is the longer the drilling progam. However if my assumptions are anywhere near correct we will be lucky to get an updated model by the end of April.