George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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>> Great idea Steve but to be registered on the next voting poll I need to ask you to define the probability...
About the same probability that Colin will provide an accurate date estimate :)
Great idea Steve but to be registered on the next voting poll I need to ask you to define the probability...
personally i think meaningful gold production commencing at manica will be the caatalyst for a big rise.
if we are looking at anything north of £300k per month netto
look at the royalties company report as to how many likely gold ounces there are in the ground there - a very lot
I wonder if an RNS saying we can have di-lithium and XTR plans to build a warp drive would move the share price? :)
So, can any geologist confirm: does siliceous alteration mean molybdenum, gold or di-lithium crystal ?
'I'm no geologist, but as theiceberg mentioned siliceous alteration (hole 29) is more associated with molybdenum. '
I'm no geologist either but I think the siliceous alteration means we have a significant chance of gold here.
jesus...
"vox markets" without the gap
replace **** with **********
stevemocal,
Yes sorry it was the end, at 20.20mins CB et al show the implications on pit size increase next to the area in todays RNS...
https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-xtract-resources-bushrange-conceptual-open-pit-study-webinar-7d8cb15/
The pit is superimposed next to this SW area...
As with a few RNS lately, look for what isn’t said. Holes 31 and 32 still in progress:
http://www.rns-pdf.londonstockexchange.com/rns/2937U_1-2021-12-1.pdf
They’ve been going since at least the 19th, should be 1000m+? Surely can’t be?
>> it’s clear this is little more than meaningless for anyone other than those following the story very closely here.
I agree, but that is why we will multi-bag when everyone else finally wakes up :) If it was obvious, it would be a lot more expensive. I have a chunk of money coming in March, but it is probably too much to hope that the current situation lasts that long.
Can’t help but think this project just desperately needs another 30 minute session with Jeremy and team to contextualise all of the drilling and assays now. We could have a thousand RNS’s with more drilling and assay results but it’s clear this is little more than meaningless for anyone other than those following the story very closely here.
Yes, another 3 x bricks in the construction of BR.
Feels odd though. On the one hand the evidence is building making me feel increasingly confident but the sp languishes which makes me feel more nervous!
Confident in my assessment and after reading Andy's history last night I must say that I sit in a similar position although without the holding that he must clearly have - but still substantial by my standards. Like him, I averaged down to get my cash back prior to BR in the hope of breaking even only to find I had a winning hand when BR emerged.
This is only going to break out when the new model emerges. That will generate some stories in the mining press and then we'll be off to the races.
I'm no geologist, but as theiceberg mentioned siliceous alteration (hole 29) is more associated with molybdenum. That is a little higher value than copper but usually in lower concentrations.
However the hole did intersect 'pyrrhotite-pyrite mineralisation with associated chalcopyrite', as well which could indicate a nearby copper porphyry. That is probably why they made the statement that "We suspect that the southeastern extension is veering more towards the south-southwest and we will test out this assumption with subsequent holes."
Whichever way you look at it though, there is something in the area and that can only be good news given its about a kilometre away from hole #1 which was drilled in the opposite direction.
Shorn - 31.56 is the end of the video.
Hole 29 is a big step out from hole 27 and if the mineralisation is continuous (and widening), then that is a massive extension. Takes us straight into the SE low resistivity and high chargeability area identified by the IP survey. 3+km pit? Could be 6+km!
The last sentence in the Conclusion certainly applies to us!
hTTps://aheadoftheherd.com/emerging-supply-gap-in-second-half-of-the-decade-necessitates-new-batch-of-copper-mine-projects/
Does this mean the existing pit actually extends and includes the area they are drilling see the presentation at 31.56 - if so these results are very important (in theory could push the length of the pit to over 3KM !!)...
https://www.vox markets.co.uk/articles/trader-s-cafe-with-zak-mir-xtract-resources-bushrange-conceptual-open-pit-study-webinar-7d8cb15/
(take out the space between vox markets)
IMO ATB Shorn
I'm hoping hole 30 might show some gold at depth. Is the siliceous alteration in hole 29 significant? Perhaps an indication for what the SE might contain.
Agreed. Best description of latest results is ‘solid’ and consistent. It seems they are trying to pinpoint the more mineralised ‘halo’ of the second porphyry system to the south?
I'm still doing the marketing on this!
https://twitter.com/andmillsy/status/1466310319484162051?t=2F0mn-GcOQtLMgvbE-ns1g&s=19
Lots of solid infill drilling.
Interesting that they think there is more completely untested mineralisation to the sw.
29 might indicate a slightly different intrusion make up, possible more molybdenum like, likely to be the main intrusion core between bushranger and the se?
It might seem boring, these drills, but they are hundreds of metres from the start of hole 1.
They are still finding mineralisation with every drill and building up the resource nicely.
Maybe some an assay tomorrow.
Still very little new SE anom info…
Colin Bird, Executive Chairman said: "These results continue to expand the Racecourse deposit, indicating continuity both in thickness and along strike towards the south. In general the drilling programme is confirming the outline of the conceptual pit and demonstrates continuity beyond the pit limits. The deposit appears to be closing off at the northwest end, while the southeastern end demonstrates further extensions in strike and deposit thickness. We suspect that the southeastern extension is veering more towards the south-southwest and we will test out this assumption with subsequent holes."