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Butler
I've given my timescales on many aspects before and have been hopelessly wrong every time - always too optimistic even though many, at the time, thought my timescales were pessimistic !
It would not surprise me if it takes until end Q3 / early Q4 before we are up to FULL commercial capacity at FB. Hopefully we will get an update in June / July at the bi-annual report showing good income?
I have given up guessing the timescales for the other events.
I agree with you that a buy-out is now unlikely before H1 2024.
I'm still here and hopeful of a good return on my investment because 1.3mt + a very high POC will see a buy-out at a substantial increase of current SP and probably nearer to 10p than 5p.
But when that will be is now the question and I cant see it being any time soon :)
>> I very much doubt that. <<
Yes you could very well be right Andrew is I know one of them in particular are never going to admit they were wrong!
Have taken portions from a 2019 research paper and edited to translate into a more understandable and relevant piece to give more insight into sortability modelling.
>>>BOS relies on online sensor analysis of bulk materials in a plant ore stream, where successive ‘pods’ of ore are separated as upgraded product for further processing and low-grade materials for rejection. The advantages of BOS include improving resource utilisation, reducing environmental footprint, increasing feed grade, reducing energy and transport costs, and minimising tailing production.
Despite the apparent benefits, the acceptance of BOS in the mining industry has been slow. One barrier is the lack of knowledge of the feasibility of BOS implementation for certain mines, termed ‘sortability’. Sortability is a comprehensive concept. Technically, ore sortability relies on the intrinsic ore properties which determine the potential of an ore to be sorted. Several other factors influence sortability, including the metal market price, operating cost, and the metal recovery. The metal recovery and the operating cost are relevant to the sorting performance and influence the metal mass balance. The sorting performance is a function of the ore heterogeneity and sorter efficiency, while the mass balance of the sorter operation is significantly influenced by the cut-off grade of the sorter separation.
Sortability is difficult to assess because of the complicated influence of various factors. A case-by-case approach has usually been adopted in current research where assumptions were usually made concerning ore properties and the COG was determined arbitrarily. In this research, the fractal structure of metal distribution within the ore deposits was recognised, and a BOS model was developed to assess the BOS where ore properties were characterised in relation to sortability, the optimum COG for sorter operation was determined, and the economics potential of BOS was evaluated.
Based on the developed model, the bulk ore sortability of different ore properties was assessed with a hypothetical underground copper mine. The developed model is expected to advance the understanding of BOS and provides a mathematical tool of sortability assessment for future BOS studies.<<<
Any thoughts on likely timescales, Andrew? My own view is :
Revised BR model, with concentrator improvements- May/June.
FB revenue - commercial declaration- April/ May
Further drilling on BR to allow PFS - July-Oct.
So, unlikely, in my view for a BR sale before H1 2024. Which may just coincide with the anticipated Cu price rise, which wouldn’t be a bad thing.
"Budding mining analysts will have to do another spreadsheet, Bitcoinbuyer will finally shut up about fuel costs, FatherTedFeck might finally see the light "
I very much doubt that.
The motivation of those persistent pessimists is not to make a genuine and honest assessment of this company, but to spread fear and worry and enjoy watching others misfortune (when sp is falling).
I don't have the required psychological analytical skills to explain or understand why they would want to do that but I do know its not for altruistic reasons.
Maybe when you're life has not tuned out how you would have wanted and you've had many failures, your only "success" is watching others not succeed?
I notice you use budding mining analystS Howzap.. is that because Steve Austin is now close to costing this s/p 12m dollars instead of the earlier quoted 6m ?
Walking along, singing a song.. there are only two Steve Austin's
The more I look into modern bulk ore sorting the more confident I am that BR will be amenable to it. You would think that every company with a resource that is at conceptual stage would be looking to utilise the technology.
The advantages in improving the economics by rejecting barren rock and the very low grade ore with no economic significance at pre-concentration and further processing are significant. Not to mention the ability to reduce energy, water, and chemical requirements with reducing the amount of ore to be processed.
But despite the huge benefits, BOS is not actually applied as widely as you would think. One reason for this is the difficulty to assess the sortability of an ore and to evaluate the amenability of a modern BOS system as it is still a relatively new tech and every deposit is different.
As Optimal have recommended the technology they would have done so on the assessment of the ore properties in relation to their known sortability from a BOS model. They would simply not have recommended it, if they did not believe that BOS could be developed.
Will definitely be a game changer for economic viability and a bit of a curve ball that most did not expect, and to put all the negativity toward BR’s ‘typical porphyry’ low grades to bed.
Budding mining analysts will have to do another spreadsheet, Bitcoinbuyer will finally shut up about fuel costs, FatherTedFeck might finally see the light and all this pessimism will hopefully give shareholders old and new some optimism.
Some photos taken today from
@ResourcesXtract’s Kakuyu project, one of our small-scale operations gearing up for the anticipated rise in the copper price #XTR #copper #Mining
https://twitter.com/ColinBirdMining
Empress have a debt facility in place confirmed by Alexandra W Sherron of up to 50 million with 5million earmarked for any further development work at their 3 producing streams which includes Manica.
Ties in nicely with CB’s suggestion that a decision will need to be made in the next couple or three months to go ahead with plant extension to accept sulphides.
From metals investor forum a couple of weeks ago with Brien Lundin on you tube
Goldman quote supercycle....
“On copper, the forward outlook is extraordinarily postive. We’ll be at the lowest observable inventories that have ever been recorded at 125,000 tonnes. We have peak supply occuring in 2024…Near term we put (the copper price) at $10,500 and longer term our price target is $15,000 a tonne.”
Empress were presenting at 10:30 today at the Swiss Mining Institute.
21-Mar-23 12:24:10 1.43 642,167 Buy* 1.40 1.45 9,183
Unless it's A4444 - Who has boundless positivity here...
Merlin2014,
I too was in BMR, now Kendrick, and yes the royalty was supposed to provide some income but the obfuscation was such that personally I never believed it would come to anything. Borelli gave the company to JLP, complete nonsense.
The thing about the Mid-Week Roast (also sunday and any other) is that it is a PR operation, the clue is in the name "Roast PR Ltd".
Until I see or hear it in an RNS, frankly what ever is said has to be taken with the classic "pinch of salt".
I do wonder how much "Roast PR Ltd" is paid by CB companies to broadcast this stuff.
Totally agree!! These companies are just his play thing and personally I have never benefited with being invested in his companies. I was invested BMR which was taken over by Jubille Metals and existing shareholders didn't get any royalty payments as promised.
A lot more are distrustful of what Colin Bird says now, than ever before. I guess he always knew there is only so long he could continue doing what he does without people getting wind of it.
If anyone believes they have been misled in any of his interviews or RNS about XTR, please write an email to the regulator. The more who contact them, the more they are forced to act. It wont look good on their side if something happens further down the line and there is a long history of people flagging up Colin Bird.
Here is the email:
aimregulation@lseg.com
I can't figure out if it's the manic or the depressive side that's the compulsive copy n paster...
Under the video, they describe Colin Birds 'vast portfolio of companies'
No question he has vast portfolio. 5 AIM companies. All my other AIM investments- one CEO one company.
1) It is NOT normal to have 5 AIM companies
2) business is never A to B, but Colin Birds companies always seem to run into blind ends like deals breaking down.
you can conclude a) poor due diligence b) just very unlucky c) or he knows where they are going to end from Day 1 but was good to keep investors on the hook while he continues to get paid and travel on nice business trips to Africa
3) I think he is running out of angles to keep the market interested, noone believes anything he says anymore- and he the threshold that the market needs to be moved by any of his ramps- is higher now than ever. He is like the boy who called wolf. There is only so many baseless ramps you can make before investor fatigue sets in
4) Could his clutch of 'businesses' (im not sure i would call them 'businesses') all collapse soon?
Colin Bird’s AIM record (as of Mar 23):
Time he became CEO of BZT- SP 0.5….now 0.06
Time he became CEO of XTR- SP 10...now 1.4
Time he became CEO of Galileo 7.38...now 1.1
£XXXXXXX paid out in salaries to Colin Bird from these companies during the times
Stock Prices watered down by placings after placings and projects that go round in circles- meanwhile Colin Bird lives in the tax free luxury in UAE and indulges in expensive race horses.
Colin BIrd must be careful about not creating a 'false market' by making baseless claims about a possible buyout. Noone is going to buy this.
I dont think it was Colin Bird who was taken for a ride
In the BZT side fo Kalengwa- out of the blue, he came out with some incredible handheld assays- I was immediately suspicious- of course months after, the lab results were awful- nowhere near as good as the handheld assays they claimed to have.
There was a deal with a company called Caerus in Cyprus, that also fell through somewhat acrimoniously- always Colin Bird companies that run into blind ends. Meanwhile the gravy train which funds his directors lifestyle continues to chug along.
Believe me- HE is not the one being taken for a ride.
Okay, so business is never a straight line from A to B, but Colin Birds stable of AIM'businesses' (some would call them 'cash cows') run into more blind ends and 'unexpected' problems than the average.
And yes, 1 year flies by, you will say the same thing next year, and the year after. You see, while things drag on- Colin Bird continues to get paid his salary, his expenses, his nice trips to Africa for 'work', his racehorses and his expat taxfree lifestyle in UAE.
-----------------
Colin Bird’s AIM record (as of Mar 23):
Time he became CEO of BZT- SP 0.5….now 0.06
Time he became CEO of XTR- SP 10...now 1.4
Time he became CEO of Galileo 7.38...now 1.1
£XXXXXXX paid out in salaries to Colin Bird from these companies during the times
Stock Prices watered down by placings after placings and projects that go round in circles- meanwhile Colin Bird lives in the tax free luxury in UAE and indulges in expensive race horses.
It's very understandable that many remain very cautious about that podcast and indeed generally here.
That said, I found the podcast pretty towards very uplifting generally, and meaningfully re assuring re Fairbride 'ard..
While he definitely said 'towards' a rate of production that he'd expect.. that's ok by me.. as this s/p is extremely low now, to the extent people are thinking Fairbride 'Ard new plant still has lots of teething problems.... and I'm now thinking it might have a few still but definitely not lots.. (and the weather there is coming into the - long - in our favour phase too)
Again, the Market Cap versus the state of play of the - quality - assets here is extremely low now, imho.. and I'm going to guess we'll get a Fairbride production update in April now.... and that it will be, at least, decently received by the market too .. and, off that back, a good level of comfort that a raise for Bushranger further drilling would be very unlikley to happen here in 2023 should occur ... and all this allow us see a decent s/p rally here..
IMHO & DYOR
His last message " maybe we should start looking at the stars and not the floor. That's the way money is made".
A very true statement, lets hope it's a very true fact.
He certainly says towards, with CBs history of "word choice" who can blame anyone for nitpicking.
In my opinion until something is put in an RNS you have to consider it bull s$$t as whats said in podcasts/or interupted from CBs words don't seem to match up with what happens.
We are almost in Q2 and its 2023. Colin still wont tell us what revenue we are getting from FB. I will consider it a positive when we are told in an RNS that we are receiving the revenue that we were led to believe.