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Don’t get too excited it’s just a deal with a distributor to export the new line of Bushranger merchandise. It’s the new marketing strategy they are trying, T-shirts, frilly knickers/panties/ thongs /Mini/Micro skirts etc big silly hats and fridge magnets with the choice of RC or Ascot on the front of shirts and the slogan “Porphyry’s Rock” on the back.
The Taiwan situation should keep the gold price up which is all good for our finances. Would be nice to hear rumours regarding a BR sale ?? but nothing currently showing in the shareprice to get me excited.
that doesn't sound like it has anything to do with ''frilly knickers/panties/ thongs /Mini/Micro skirts etc '' Ella ?! ..so best I leave the diggers and dealers event to the Einstein's here .. and me just keep my focus on what I'm good at ..
Maybe just a link Ella ?
Or a PM..
Go on....
Hi NTM,
I guess you haven't heard rumours about a deal from the 'Diggers and Dealers' event which is currently taking place?
production In Fairbride is close on my total focus here around this time.... and a smooth production build up there is all I care about for xtr.l in the next 7 weeks or so, in truth.
Conceptually, I'm very open to topping up here at anything sub 3.5p .. but even if I have to top up higher, I'm now more inclined to wait until I see a first 'good' months Gold production from Fairbride.. which I'm hoping will be September.. but decent in August would be lovely and a top up trigger for me too, perhaps...
Generally, right now I value Africa assets at approx 2p .. leaving Bushranger at 1.5 p ish currently, alas.. of course I get that Bushranger, in due course, could/will hopefully be many multiples of that.. but, if there were slowness /issues at Fairbride in August/ Sept , and nothing meaningfully positive updated on Bushranger in that same window.. this s/p could now go into the 2'sp even, imho .. annoying as that may be .. and short term as it might be too granted.. but, for a guy with a keen focus on range trading as a part of any bet they have in play, that's a thing - to me -... far less so the big picture Einsteins here who don't get out of bed unless it's towards the 100's of k bet wins, I understand .. but each to their own ways/means !
PS: Apols if any offence taken on the frilly knickers/panties/ thongs /Mini/Micro skirts etc yesterday..all to a technical debate end only, of course.. and understood less can be more.. but more can be more too, i'd offer back :-)
It’s recovered something like $500 in the last week. It looks like speculators moving in to me. Particularly with signs that the US will now sign the climate change bill after the Virginian senator s uturn and Europe and China are set to March towards electrification.
Edging towards $8k. Been a while since it was at that level and $10k is a very distant memory.
Sorry .. didn't
Sorry John
Was unsure as sometimes i don't have time to read all posts. Particularly when it's end of month. Therefore took the view better to post such an appropriate piece of news.
Hope it did bother you too much.
at least it was up today
Thanks, but this has already been posted twice on here, and discussed. Perhaps read back before reposting old articles.
Consider there are still four unidentified holes from Ascot and south of racecourse that they’re waiting on. Any of these could’ve been to find the feeder and we know one of them in particular was drilled into the deep gold. On the other hand the other holes may have tested further anomalies shown from the new, ‘still’ unreported geophys, they have been picking them off! So the geological picture could well be bigger than what has already been reported.
Certainly hope they do a webinar as before for the conceptual pit with the new IP geophys. That’s not too much of an ask.
The world is headed for a severe shortage of copper crucial to the green-energy transition as new mines become increasingly difficult to build, according to the new head of Anglo American Plc.
“I genuinely don’t see where all of this copper is going to come from at this point in time,” Anglo Chief Executive Officer Duncan Wanblad said in an interview in London on Thursday.
That drill campaign of circa 12,000 mtrs would cost about £1.8M using £150 a mtr cost (CB mentioned a year ago)
£1.8M over 4 months = £450K a month.
That does seems affordable when FB income starts to come in, in earnest, next month.
Just a guess and my opinion.
But for phase 3 i would like to see
6x500m at footrot.
9x 300m at the shallow gold in hole 37 (of whatever it was). Neither Ascot or RC.
8x800m at ascot (although this is unknown as we haven't had the deeper results back.)
Given 2 rigs it's probably 3-4 months of drilling then a 2 month lag for assays, so a delay of six months.
All paid for from good revenue.
Tb h the SP would be higher with the jorc for RC under the belt as well as the economics of a simple open pit. We will also have evidence of the gold income streams (sp 6-8p) everyone happy!
Nice short sweet and contained.
I'm fine with detention instead LittleWing :-)
On reflection, best leave a reasonable amount to the imagination, I mostly accept..... so scratch my thong/miro thought.. BUT... I'll still go with lite mini skirt and sexy panties required in this market..
Point is, it may now be a fair bit than some would like to think is required... eg my bet is a lot more than 10 to 15 holes in Phase 3 ..
I'm sure I'm not alone when I say I hope Colin will be more wheeler dealer to maximise a return for shareholders sooner than later, rather than geologist who would drill forever if someone else pays. I understand the temptation to spend the FB cash but as someone said earlier, in this uncertain world a bird in the hand is worth two in the bush... NicetoMichu quiet at the back :-)
That’s the point of the next phase isn’t it, to prove that the system is mineralised, so we don’t give away a Cadia. Not to prove up mineralisation. That’s the big difference that xtract have in that, even though they have needed to consider and model with a view to the potential and the eventual extraction for Racecourse, I m sure phase 3 will be more focussed on maximising resource potential from a marketing perspective than they would be toward the actual extraction and selling process.
I would say the next phase is not going to be anywhere as extensive as phase 2. Maybe a wild guess of 10-15 holes notwithstanding the shallow surface programmes for RC and Ascot
In this market Steve, we may have to go as far as a thong in a see thru micro skirt, to maximize the value of the Bush............ Ranger
Good post Steve and I agree with your thinking. We can't keep wondering whats over there.. and there ... and then there.
That approach of "showing a bit of thigh (Racecourse)" and with "a bit a glimpse of lacy knicker (Ascot and Footrot)" was exactly what CB said his original intention was - but not with such imagery :)
So the question is, why change the approach? Yes I know CB says its so we dont give a cadia away - but maybe the bit of thigh that we showed the majors was that of a middle aged woman and not as appealing as we thought it would be :)
Maybe we are seeing if ascot is more sexy and can entice them?
If Ascot is more sexy you can under stand why we would want to keep drilling Ascot :)
(I've missed my vocation - I should have been a script writer for the "carry on films" :)
The thing with adding exploration phases is that they can go on and on and ain't quick or cheap!
I recently watched a presentation by Dan Wood, who is the geologist that led the discovery team at Cadia for Newcrest (link below for anyone interested). It was very informative and what really hits home is just how long discoveries take and how expensive it is... he estimated that they spent A$900m on exploration whilst he was with Newcrest and, 30 years on, they are still exploring and, he believes, there are still major deposits to be found.
So, if Bushranger is potentially a Cadiaesque like system, the question is when will enough be enough?
I'd personally like us to stick to the plan of proving the Racecourse deposit can be economically extracted (covering a shamelessly large finders fee for Extract, the initial capex, future exploration costs and still returning a nice profit to boot) and do just enough to show Bushranger is very likely a multi (mineralised) porphyry system that the new owner can happily spend the next 30-50 years adding more and more to the resource reserve, and all from the comfort of the safest jurisdiction in the world.
We just need to show a lovely bit of thigh (Racecourse) and a glimpse of lacy knicker (Ascot and Footrot) to get potential punters salivating and reaching for their wallets. So come on CB, we know you've got the goods... flash some flesh and get Bushranger sold!
https://www.youtube.com/watch?v=A4LD9VaFIA4
The detail of the agreement is probably a good question for the AGM.