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Tamer, it may be no surprise to learn that I have loaded up on ECR….
I just missed out on the BIG rise in his last ‘vehicle’
Not this time fella….not this time…
……who has Nick been “chewin the fat” with then ? 🧐
…..JV’s, plural 😉
Perhaps I was not clear, I was referring to ECR in general. Years of over promising and under delivering. Granted the new chaps haven’t had a chance to prove themselves BUT it shouldn’t be lost on you who remains on the ship who oversaw the total destruction of the sp, and with it our hard earned.
And yea, I get it.. explorer stock etc etc - but all the phones ringing off hooks, multiple mines at baillie talk, $20m shoots etc etc you start to notice a pattern.
Ey up.. may get that JV RNS in the morning though! Wouldn’t that shut us Debbie’s up eh?!
………I don’t think Nick and Mike have ever promised and undelivered…..can you point me to an instance? …..you are so subtle mental 🧐…. “, but their track record of over promising and under delivering can’t be ignored”
I guess we’ll find out Ti, but their track record of over promising and under delivering can’t be ignored, even by you, surely? I’ve noticed a more realistic approach though which is good. All will come out in the wash.
..............at the end of the interview Mike is still waxing lyrical about something they cannot talk about ............what do you think it is, Debbie Downers?...........do you reckon he was just pumping ECR for his mates mental, notrex (eerm nicepair) or is there substance to it?
Oh the neighbourhood is very very important!
Approaching 3oz per ton…
If you neighbour have gold you are likely to have it as well. Here is why.
The magma chamber that created gold works like this.
https://www.youtube.com/watch?v=OHHnykFByzE&t=191s
…..😉…..rxdiv
One thing is certain: when looking for diamonds vents, usually the vent is deep and diamonds originate deep underground about 200 km and pushed up by a huge pressure up; so finding ground surface diamond is always close to a vent somewhere or carried away by water.
gold is deposited where quartz veins exist and these are coming from some depth pushed by hot water and steam. so finding veins at 60 m depth is a sign that larger veins exist underneath. we need to identify the week line in the geology that allowed this veins to exist. surface gold is just the sign of a surface vein being weathered away may be at higher ground and carried down by water. so the search is for three items;
1) what is the source of surface gold.
2) what is the structure and size of the in depth veins
3) the mother of all is the chamber where these deposits may have bigger percentages.
The theory is: gold is melted in hot water and other chemicals and pushed up through existing gaps between rocks. finding morrow veins is always a sign of larger veins. low grade gold close to surface does not mean low grade gold at depth.
https://www.youtube.com/watch?v=61jRy362TrI
Tamer investor... " 10 % traders are back " ? Lol .So anyone that tells the truth is a 10 % trader .And anyone who ramps this company year after year to no avail is a dreamer .And that , Mister delusional...IS most certainly....YOU !!
Need a hell of a lot more than 10% Ti but good try.
..........BH, below is an excerpt from 2019 RNS..........I am very much looking forward to the full results of the bulk sample testing which are due "shortly".........” The results so far have demonstrated significant variability from the original assays, demonstrating that the small sample size can overstate and understate results. Notably the original 44.63 g/t assay from the 2 kg sample from CSR006 (15-16 m) is increased to 63.03 g/t.”
So 1kg sample gold x1000 for g/ton. :-)
…….10% traders are back 🥱
We’ve had the multiple shoot spin last campaign though BM, at one point they were touted at $10-20m a shoot (AJ interview a few years ago).. Surely that would have stirred a JV if accurate?
I’m not purposefully being a trouble maker but just seems Deja Vu as mentioned. Adds to the frustration. Just don’t want a rinse and repeat scenario as we’re short stacked.
How many tons per shoot?
How onerous licence process?
How far/cost benefication/processing?
Revenue?
These are discreet, high gold content, low tonnage shoots
Need to be extracted and processed elsewhere
Cost of extraction and process vs gold value
I would not be so sure they are not viable
Already multiple shoots…
It's just the same old rhetoric I'm afraid .Nothing has changed in over 15 years .Traces of gold can pretty much be found all over Australia. But finding a commercial resource is another matter completely. We will just keep getting the same old speculation that we have seen for the last 15 years .All talk , no meaningful results. And I would wager a kings ransom, that when we reach the end of this year , it will be all about next year etc etc . But its ok for a bit of light entertainment now and then . This time next year eh lads ?
Perhaps BH, but the market ain’t. Just saying what I see. Fed up with blowing smoke for ECR. Hopeful for some more commercially attractive results at some point before the cash is exhausted on pathfinders. Catch 22 though I admit.
Blackhopper, in yesterday's interview I believe Mike said that the bags are 2kg and then split in half with 1kg being sampled and 1kg retained by the company.
Mental , The 1m grades are to be expected...it' is a narrow grade system.
We'll see what the whole of bag confirms before drawing any conclusion.
As you say, worst case is that they just get a better unde.rstanding of the geology, although the early indications are actually quite good given the very shallow depths
I saw someone on X asking for wide intercepts....they obviously have little/no knowledge of Creswick;-)
Debbie…..I think you may be surprised…