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No problem at all
Cheers F100
Well back at 5p, didnt think I would see this again, lack of news and steady drift down.
F100
On another point. I was expecting the results of the IP survey to be out by now. I thought it was a very quick turnaround. Unless of course CB has been asked to remain quiet for the mo - that's for the moment, not the molybdenum.....
Good point Cyber. You would think they'd be screaming " get out while the goings good!".
Guess it shows the motives of these individuals.
Quite interesting to me that all the doom merchants /neg heads who apparently have other share holders interests at heart only come out when the price is at a low mmm
Next time come on give us the sell advice at 10p plus and I might be grateful ;)
Wow. What an opportunity to top up. Any investor willing to invest in a AIM, this surely has to be one of the best ones. Totally relaxed, knowing the assets comfortably underwrite the share price and more. Referring to ICE’s comments on the option sell price of oz resource. This share could 10 bag this year.
Do not understand the negative, every bit extra they find is adding to the pot. If away from the main areas of interest even better. For all we know, between holes 33 & 39 they could a sweet spot of gold, it seems there is something there, we just do not know how much, again a bonus. The area as a whole probably has to tail off at some point, so why fret? How much has the area grown since the start of 2021?
lol !
Oh, that board's full of mental cases! ;) Not my fault. Maybe that's what I'm doing here.
Porv, in xtracts hands bushranger may not get any where near full feasibility level. CB has stated that even PFS is not actually a prerequisite to a sale. (Can’t see that myself but…) The long lasting legacy of Bushranger will be with whoever takes it on, xtract need to just show the minimum requirements of the buy back agreement to trigger the mechanism that establishes wether it will be Anglo that will take it on, or if not, to then be free of the binding agreement to go to open market.
Go back to when cadia and boda were discovered and look at early results, there is nothing dissimilar, we are seeing long consistent runs of copper mineralisation that will be give large bulk. With higher grade parcels shallow to surface in both RC and Ascot to return CapEx, just what is needed to show the potential for a major to be satisfied. The gold intersections at Ascot are shallow and confirm now with the extra moly that bushranger is similar in geology to cadia.
You’ll be touting the rise in diesel prices next as you scrape the barrel in suggesting wages play a significant factor in OpEx. The single most biggest factor will be the eventual rise in copper prices over a sustained very long period and a low economic cut off around 0.15
Meanwhile over on the SOLG board there are still at least 50 posts a day that consist of one of two things, either it's going to production or it's going to get bought.
Tens years in the making and the last 4 have been a revolving door of conflicting opinions
>> Does being half way up a mountain in Colombia cost more than having to pay 4x for your labor in Australia? That's what studies are for.
In that case, I guess its a good thing we had one of those studies showing that BR was about break-even economic even with the old JORC, with about 1/7th of the likely current size of Racecourse, without even knowing about Ascot and without the potential third gold rich system.
The updated open pit model will include a lot of copper in areas that were dead rock in the original model and therefore 'free' in terms of the cost of digging them up, plus the size of the pit will be much larger. Also, most of the capital cost was in the original model so adding 5x to 10x more copper won't increase capital cost by much. Ascot is a seperate pit that will be able to use the same plant and equipment.
In other words, a very good situation for those investors that bothered to do their research.
"the recent drill results are due to them testing the edges of both Racecourse and Ascot. So not surprising they aren’t great"
According to the RNS 2 months ago, the open pit study can only be completed when RC is closed off in all directions. If the results kept being good at the margins, then God knows when the RC open pit study would be completed, ....and therefore the buy-out done.
My belief is that If we are coming to an end of the mineralisation at the margins at RC then the buy-out is getting closer
Mate, I would hope everyone knows those basics, or they shouldn't be picking their own mining stocks. Every project has many pro's and cons, and with many of them they simply translate into costs/discounts that can be quantified. Does being half way up a mountain in Colombia cost more than having to pay 4x for your labor in Australia? That's what studies are for.
Yes grade is not everything, but when you have more or less the lowest grades of you peers, without any special advantages such as oxide leaching or free dig or an established plant, then the project is well and truly up against it. Sure there are high-grade deposits which never make it, but there's an infinite number of low-grade deposits which never make it, eg your back yard.
Disappointing grades scuppered far more projects than politics or topography ever did.
Rick, the recent drill results are due to them testing the edges of both Racecourse and Ascot. So not surprising they aren’t great. The drills into the core of Racecourse and the preliminary ones into Ascot show there is lot of copper ore and potentially some gold at Ascot. Us LTHs, having done our research, expect somewhere north of 2m tonnes of copper equivalent to be declared. This could come soon, and when it does the share will rerate. Anyone holding a leveraged short at this time could lose a lot of money. Your choice, but it isn’t a risk I’d be happy to take.
Yes but it seems to be a good time to short as they are running out of steam and missing holes when they use to be okay at that. Will keep digging.
>> What do you account for this slow painful drift down at present?
Volume is pretty low, so I suspect a combination of general market malaise, drifting copper price, and the less-researched investors selling on what they see as weak assays, or just out of fear. XTR a complex story, so while the LTH are well researched and can understand everything in context, that won't be true for all investors.
The most annoying thing is lack of funds to take advantage. The stock market is the only place where people complain about a sale :)
looks like a slow upward trend since last July on a weekly chart to me.
a bit of a dip on recent daily chart is of no concern to a long term investor
Shorting a company that you haven’t well researched is as good a way to lose money as investing in one you haven’t well researched. Better leaving your money in the bank.
What do you account for this slow painful drift
down at present?
A decent interview with Zak would be a good idea, then it might stop this gradual decline, which isn`t doing anyone any good. GLA
Need to look at a couple of things first and just might do that BM.
‘Manica’. Sorry…. I hate auto correct…
If you believe that, Rick, why don’t you short it? This share is poised for good news - Marcia production, and the drills into Ascot at more targeted locations. I for one am not selling a share, as I am too afraid of missing out on a potentially massive re-rate. It could come in a week, or in two months. But I want to be ‘in it’ when it does come!