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It would make sense if the RNS announcement for the license could be wrapped up with an announcement in place for agreement in place with a partner for us to mine it ourselves - or even a sale of the interest
that would certainly move the price along pretty significantly!
Nice to see one of my colin company's in the blue.
Rns soon! Hopefully this should get closer to 2p in the next week or so.
Showing +0.194 on ii brokers. Good news being anticipated?
Some keen buyers out there today , confidence is building
It's motoring now. Confirmation of the confirmations received? Other?
I was only thinking about a ten bagger from here but I'll take fifteen
A takeover at 20p plus would be a great finally to the Birdmans career and it would make great sense for Sandfire to do this -as more discoveries are made and licences granted the price can only increase
If 3card is comparing BR with Luansobe then they deserve to lose money
Just to confirm my takeove analysis was everything gone for £200 million for the 9 licence areas so £22 million per area. Sandfire might have to pay us £80 million on the ones we have sold them. So why not pay £200 million for everything and they have inside information.
I understand your point on this 3CB, but Luansobe has 60k tons of copper between 30 to 60m deep. XTRs bushranger is 100's of meters deep. The overburden of 30m in Luansobe is concentrated with enough copper at this price to pay for itself and require only simple machinery and mining equipment to extract it. They aren't comparable as they are different types of asset
18p maybe not, but would warrant many multiples of today's SP
About to go blue.
I must admit the negative banter on here is hilarious. Usual bunch with nothing to offer whilst also unable to read the recent documents or read a map.
Confirmation RNS will arrive in due course when the official documentation is released.
"3Cardbrag - Your calculations and my calculations are completely meaningless."
I have to agree with both Levistubbs and 3Cardbrag.
They will not exist.
3Cardbrag - Your calculations and my calculations are completely meaningless.
Exactly right.
Waits for Analytical to make another post because he loves to have the last word :-))
You had a chance to shine 3CB.
Year Copper Recovered @ 87%, Copper Price P.A, Revenue P.A "Costs 0.25% Cutoff +
0.25% Prudent Uplift " Profit PV
0 5,046 $10,500 $52,983,000 $26,491,500 $26,491,500 $26,491,500
1 5,046 $10,500 $52,983,000 $26,491,500 $26,491,500 $24,529,167
2 5,046 $10,500 $52,983,000 $26,491,500 $26,491,500 $22,712,191
3 5,046 $10,500 $52,983,000 $26,491,500 $26,491,500 $21,029,807
4 5,046 $10,500 $52,983,000 $26,491,500 $26,491,500 $19,472,043
5 5,046 $10,500 $52,983,000 $26,491,500 $26,491,500 $18,029,670
6 5,046 $10,500 $52,983,000 $26,491,500 $26,491,500 $16,694,139
7 5,046 $10,500 $52,983,000 $26,491,500 $26,491,500 $15,457,536
8 5,046 $10,500 $52,983,000 $26,491,500 $26,491,500 $14,312,533
9 5,046 $10,500 $52,983,000 $26,491,500 $26,491,500 $13,252,346
Now your turn 3CB. There is also a PV calc at 8% discount p.a. Challenge Away.
Ok, so you have not got any you can share, and never have, that can be open to challenge. Got it.
Your calculations and my calculations are completely meaningless. And yours are always very positive
What are your calculations 3CB for the open pit (to make it easier for you).
My calculations are very different. Show your workings.
As much as i myself criticise birdy, on this occasion ill wait it out for rew months to see if he has that rabbit in his pants..ooops meant hat.
As for that 18p prediction, to be fair that wasn't only about luandobe. It was glr being taken out by sfr at 200m Mcap, suggested 18p sp.
60 kt of copper and a potential sp of 18p were mentioned on here the other day. That's a 17 bagger for 60000 tons of copper.
Compare this with the rampers on XTR who used to suggest a 5 bagger for 2 megatons of copper at Bushranger
Kinda puts things in perspective.
Maybe the market is waiting for a deal announcement and in the meantime some are happy to take shares off week hands.
A deal - money - talks - and the market listens.
I wouldn't know. I was never in Beazant.
But if it isn't lack of trust in CB, you have to ask why sp isn't up on this news. Maybe the market doesn't see Luansobe in the same light as Birdie does.
'the lack of trust the market has in CB.' - in your continualy anti CB opinion 3CB. Maybe Bezant has left a scar on you.
This is Galileo, we are now in a Copper bull market, and 2024 will be testament to having found great copper assets while the doubting Thomas's were self-flagellating :-) That's markets for you ;-)