Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Aussies are a mining nation and far more knowledgeable than most uk private investors. I doubt Colin would have been able to have driven the mc there as easy as he did here. They would have seen straight through his early agenda.
Can buy now @2.08
It does beg the question when you see caravels market cap on the asx why aren't Xtract thinking of a dual listing there.The Aussies love Thier gold and copper plays are in short supply especially after Oz minerals were bought by BHP.I regularly read stock heads and a recent article covered the Lachlan fold in depth we didn't receive a mention even though supposedly we have one of the largest finds of copper in the last 10 years.
Usually big(ish) sells go through on a Monday - Bodes well, hopefully whoever has been bailing is done....
Got a few at 2 p but can sell 2 million at 1.5 !
Yes Gixxer thats my view.
It usually goes up after n/t for a while .
On III it’s no problem at all?
MM's possibly filling an order
However I'm being quoted 1.922 to sell
You have to be able to buy 1st before it can go up.
same.
Surely 2p will get broken today??
I tried as little as £100 on Barclays, no dice.
I can't even buy that at the moment.
2p to buy small amounts now
n/t for any amount for me
Cannot buy more than £200 through Barclays today , doing my head in , any one else having buying issues ?
Looking back at Caravels copper projects pathway to pre-feasibility study for comparison to show how more favourable BR‘s pathway could be that should see far less drilling required for starters.
Back in June ‘20 Caravel had a resource with 212 million tons of indicated and 104 million tons of inferred resource.
Just prior to this, they had a $2.85m placement for drilling and early stage PFS work. From then over the next two years, they had two further share placements that had raised $16 million for diamond drilling to increase the resource and RC drilling for mostly infilling to upgrade.
Since 2019 to get to the ore reserve that their PFS is based on, 105mt measured (proven) and 485mt indicated (probable) with 1.42mt contained copper, comprised of 7740m of diamond drilling and 20,223m of RC drilling.
The main difference is that Caravel have had the necessity to upgrade, mostly all of their resource to create a positive NPV model due to the general absence of any shallow higher grade zone in their pit model that RC has. So it may only be necessary for Xtract to just create an early phase mine plan to show that the initial high grades will make the mine economically viable. This has generally been the direction that further work is pointing toward. It could well be that only the 191 million tonnes higher grade part of RC would need to be upgraded to convert to an ore reserve that the PFS will potentially be based on.
Another significant difference is that caravel are not going down the bulk ore sorting route, there has been no mention whatsoever from historical news so would surmise that the sortability of their ore type is not amenable to the new technology . Alternatively, they have optimised the delivery system and throughput reducing some CapEx. They have currently raised a further $15m to go to DFS and funding. They currently have a $142m MC without any incoming revenue stream.
I think you should rename West Ascot to West Acton!
Thanks Andy, good baseline descripttion.
I thought this vid was very useful.
I know we are not going to build the mine, but a lot of these early stages still apply to us.
I think we are just before stage 5
https://www.youtube.com/watch?v=xDFAKWTVe8k
>>Many bought in on his forward guidance when the sp was double what it is today.
Yep Andrew, I sure did! Still happy though with all my purchases from 1.5p recently to 7.2p. Lucky enough to have managed to get my average to sub 3.5p. Have you been buying recently, I know you had a mammoth journey in averaging down pre BR which was commendable to say the least.
By the way, everybody seems to be profit taking at the end of the week - gold and silver getting hammered after a good week.
There's the potential for something big in that anomalie and I'd hate to give it away only to find it's a hum-dinger!
Ignore all the question marks, remarks are not questionable they have all been identified and reported of course.
It’s just me! ;-)
Ahh yes Cygnus the western lobe identified in the 1st round of geophys! Here’s a reminder of what else is in that sweetie bag.
??That western lobe. ??
The solitary borehole 33 drilled into an eastern outlying anomaly and see it hit 15.5g/t over 2m has great potential and assay summary said it warranted follow up drilling to test strike length and dip. ??
Holes 38&39 identified 2 near vertical mineralised gold structures with indications they increase in width and grade at depth. Also warranted further drill testing.
??Footrot saw two boreholes that indicated was close to a further mineralised porphyry ??
Early indications of deeper porphyry under RC ??The new geophysics identified two ‘new areas’ of interest and also significantly identified a fault up to the north east of RC but here, maybe will see some more drilling to increase resource there. ??
So much potential that will be unlocked once a viable development and mining scenario can be found to present to AA with PFS. Getting to that point is still a priority whilst adding value in the process. BR is a monster in waiting.