The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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KUKAYA ? Never heard of it !
Gord
Make yourself useful to cruELLA.
Give me formula for business model at kukaya.
If you can give tonnes rock processed per month
Plus average grade then I can work out the rest
Guy
Read your reply many times over.
ok
XTR spent £10m to achieve (am guessing) 49,000m of mineralization. They achieved this thanks to expertise of dream drilling team
How much would have been spent by an average drilling team to achieve 49k mineralization.
If XTR were to invest a further £10m in drilling this would not touch the sides of what a major would require.
My conclusion if XTR can achieve £150m to £250m plus a cheeky royalty ie passive income attached then that wouldbe perfect sales deal.
Am I on right track?
cruELLA ♦️
That is rather hypothetical but generally yes, as you wouldn’t have to mine as much so ongoing op costs would be less in working out the NPV model for starters.
Without closing down the programme there is no point in updating the JORC as they would want to include all ore to date in the revised statement. It is the JORC send off for the financial modelling to be based on, so they will not know if the drilling to date was successful or not at that point anyway. Obviously from the interim report optimal suggested the ore sorting due to the potential amenability of the ore. The company will follow the recommendations that the expert consultants suggest. Not every ore type will be amenable to bulk sorting that will have the most profound effect on the financial performance of the model due to the potential to reduce start up Cap and ongoing Op costs. What will happen now anyway is that further optimisation of the modelling should happen later to improve on what they have. Wether through more drilling or optimising the pre concentration steps which seemed a little unclear from feedback from AGM.
Good evening guy
Princess of DARKNESS here.
A couple of questions
📍if BR was a quarter of the size and the same amount of mineralization was discovered but in a more concentrated area. Would XTR command a higher sale price to a major ?
📍if BR after all drilling was not deemed financially viable would Mgment team have spent time and cash on precontration tests etc?
Hope you like my new look❗
James yes you probably right about MC not having any input on keeping JR on, his experience is mainly in Africa. But I’m assuming JR appointment was ‘probably’ not conditional in the acquisition of BR so they no doubt felt his skill set and experience were good enough. Alongside Qui ntain there is or was a strong team, I’m sure QH was freelance.
I suppose another point I was trying to make is that CB’s input may not be as much as we may think in the decision making process??
Guy
Hi Howezap
Thanks for the response, I’d expect Jeremy was left on as part of the prospectore acquisition so not sure MC would have had anything to do with the appointment. Im not saying he’s good or bad by the way just curious as to how you can be so confident in his ability e.g. “BR mgmt couldn’t be in better hands” but take it your view is based on his past work experience.
I hope you are right on Kakuyu, my hope is that we are just kept up to date on progress (both good and bad) and it’s not just another project which we find out has been written off in the financial reports.
Cheers
James
not being cruel james but didn't jeremy reid and *****on hills discover the largest porphrey in the lachlands fold?
many geologists don't make a single discover in their whole career
Hello James
JR could not have been positioned better to project direct BR with his association from his time at AA. He has a wealth of experience which is of huge benefit in the project pathway. You could also consider that with Martyn Churchouse close and long standing association with CB and the stable of companies, as im sure he would have been consulted on Jeremy, so would have come highly recommended if MC had any input into the decision making.
Also MC is one of the reasons am confident that Kakuyu will not turn out to be worthless from his association with the company. MC is an independent geo and mining consultant of 40+ years who certainly is highly respected in the industry.
Got to remember his appointment was from external so would would have been taken lightly as a project director to be entrusted to spend £12+million of the companies and shareholders money.
Hello Da I did sight you out almost immediately. So was my hello
ZAP ZAP
yep YOU
I DO HOPE YOUR POST 'RE SLATING CB WAS NOT DIRECTED AT ME
You didn't have decency saying HELLO to your new CRUEL friend
Howezap
What makes you so confident in Jeremy? He came across well in that interview a year or two back but other than that and he had some reasonably high profile jobs in majors (people who work for large corps will tell you this doesn’t always translate into ability) what do you know about him?
Cheers
James
Listened to a mining stock education podcast. I won’t paste it but from it is an interesting topic relating to BR.
Top three criteria for any junior mining investment.
“It’s management first, management second; and management third. And then it goes from there. Good management can take a mediocre asset and make it work. Bad management can’t generally make a bad asset work. And bad management can screw up a good asset.”
Before replying, just stop and think before slating CB.
BR management couldn’t be in better hands with Jeremy Reid!
Hi Flip
Read rns this am. Still have a position in GlLR
Nead an rns translator as didn't understand a word of it.
Is there a zap at GLR thread as am only getting BRICK WALLS elsewhere❗
Right.
Got it NTM.
Only missing info to CruELLA puzzle
📍maiden revenue Zambia Copper
📍possible royalty payment for BR deal.
If anyone can contribute to the above GREAT
If not then will go to ground as have nothing more to talk about.
Waiting game til H1 & BR RNS'S
I think Andrew was at the AGM.. and more than you in attendance may well have heard those two 2 weeks from CB too.. if he did say it, perhaps this might be the first time ever CB's verbally offered timeframes are 'somewhat' off :-)
Ntm
Andrew was not at AGM neither. Nor was jez.
am not often wrong why did I hear 2 weeks for H1 results?
Captain BOB and blue Brazilian at AGM . Can either of you TWO remember Dear c🎯l saying about H1 results released 2 weeks from AGM?
NTM
If BR and H1 RELEASED AT same time then that would be an almighty GAP UP.
As for others not wanting to average down ....no comment
CRUELLA
I was not at the AGM .. I'm going with Andrews steer - based on previous history - of end Sept for next Manica feedback.. that's fine by me as there will be another month's data to give clearer colour on unfolding - and likely future - revenue picture from it...
Also a chance of Bushranger model update late in September too .. Whith so many here for Bushranger and not open to averaging down, so far, that's the elephant in the room.... and the market valuing it at zero currently feels extremely harsh to me.. even a penny a share for - worst case - sell on value to a small cap explorer would be reasonable, I feel
IMHO & DYOR
NTM
were you at AGM?
Didn't dear C🎯l say H1 results out in circa two weeks?
It's now nearly one month.
Had a PM to say £5.5m gold sales not a lot compared to other companies.
Blood boiling
£5.5m gold sales not A LOT if we had MCAP of GGP £387M
£5.5M GOLD SALES MASSIVE as XTR MCAP £13.1m
THINK PERCENTAGES AND NOT $AMOUNT
CRUELla
Gord
I have no idea on maiden copper income for Kukuya as we have not received any guidance on what to expect.
Flip
Just about to read GLR results.
Ntm
Not expecting my post to move share price . This will happen if H1 results accompanied by PR from broker or when figures updated on likes of Stockopedia Sharepad etc about 7 to 10 days after results announced.
cruella
Interesting .... and your analysis is much appreciated by me... and others too, I expect
The share price reaction tomorrow would be the fairest measure on how out of the water blowing the post is, perhaps!
Ma - did you see Colin issued an RNS at GLR tonight. I think that is his primary focus at the moment.
What are your predictions for maiden copper income from kukuyu ? .
AS AT 31DEC22 Mozambique Gold showed
Gross Profit Margin 40%
Sales growth 219%
This is THE MINIMUM I am expecting to see from H1 RESULTS
Total gold sales H1 22
$997,000
Total Gold sales H1 23
$5,551,841
That's an increase of 456% Sales growth compared to H122
Gross Profit Margin now
68%.
This does not include
Interest earnt from corp tax if 32% which will be paid in jun24
Nor
Maiden income from Zambia Copper.
Hope to get trading update for Q3
Howzat for a blow OUTTA WATER post❗
Yes come on dwinkle, show us what you have while we're waiting for something interesting !!
Gordie not Geordie, Apols