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I think the current copper price has no bearing on the future value of the asset, it will be years before they get the first pound out of the smelter, that's the revelant price and copper is only ever going to go up in value in the long run.
If we do have 2m+, I really hope Colin doesn't announce that and trigger the buyback in the middle of a recession with low copper prices. That would not be a good idea.
Although 1.9m tons would be fine, along with a plan for further drilling - or maybe 1.5m+ so it doesn't look too obvious :)
Voted against Alastair For, will never vote for him after the interview he did a couple of years ago when appointed by Xtract, really dont see what he brings to the company.
20 days left Colin! Not going to be a comfortable AGM without the fantastic new model you promised nearly a year ago. Tick-tock, tick-tock!
You were very confident of 2MT......
Thank you, that is the money maker “
Was reported on 17th May EE
Drill hole BRDD-21-038 was drilled 200m to the south from the Ascot discovery hole at an inclination of -50 degrees towards the west and completed at a final depth of 659.6m. The drill hole intersected a wide 104m interval of 0.24% CuEq from a relatively shallow downhole depth of 79m, which included two higher grade intervals of 10m at 0.35% CuEq from 101m downhole and 8m at 1.46% CuEq from 175m downhole. At greater depths in the hole a number of vertical mineralised vein structures were recorded with high copper equivalent and gold values. This hole offers the potential for significant intervals of along-strike copper mineralisation to extend close to surface at Ascot, upgrading the open pit potential of the prospect.
Decent copper equivalent @ 1.46 the highest seen
With you 100% Joeman
Did any early results or assays get produced for Hole 38? This was meant to be the big one for Ascot ?
Bit of a long road ahead for Caravel and it probably won't be their last placing as they look to develop the mine themselves.
Not saying I'd like XTR to take BR to production (I dont want that) but with a minimum of 5 Fairbride years ahead of us we could probably do this without dilution with a proportion of project financing to find from debt.
So we have a great bargaining position when it comes to declaring decision to mine...... no paper tiger here.......
Just to conclude my post from yesterday related to Caravel - A$3m placing at 14%d discount
https://hotcopper.com.au/threads/ann-3-0m-share-placement.6876097/
Filling thier reserves while prices are low even though they are in a "covid" lockdown.
It's called 'market manipulation' and its on a massive scale, only capable with a dictatorship controlling the largest population in one nation.
https://www.mining.com/web/column-china-steps-up-copper-imports-despite-renewed-slowdown
interesting read .
https://www.miningstockeducation.com/2022/07/erdene-continues-to-outline-ulaan-feeder-zone-intersects-27-metres-of-3-5-g-t-gold-including-2-metres-of-24-9-g-t-gold/
Some really impressive intercects from Erdene at their feeder zone at Ulaan discovery in Mongolia. It’s no wonder Colin could hardly contain his excitement with the gold potential at ascot.
As we know, Ascot also contains silver and moly, which were all shown to be strong in content and suggested being close to the feeder due to the higher grades. Some of the focus will be on this mineral feeder system at ascot when operations resume with further metallurgy test work already planned since Jan. Can only wait to see how comprehensive drill planning will be in what appears to be an area of notable importance. Hopefully they will go over the next steps at Ascot soon.
Don’t know if or how the geology differs from Ulaan, but If they can find anywhere near that kind of increase in grades then boom!
Agree flipper I actually had the sense the company were holding back with all the shouting from the rooftops when FB finally started up. Its like they didn’t want to steal any of Empress’s thunder! Maybe they felt it would have been rather rude, but I suppose after all, they did the hard bit and put up all the plant money.
All the videos from the diggers n dealers event are on their youtube channel. Sandfire and Newcrest ones were fairly informative unfortunately neither of them mentioned an upcoming acquisition :(
https://www.youtube.com/channel/UCeSnbgsRrmmHjFxtw-BtDpQ/videos
Bit of news from Oz is that Caravel Minerals based in WA and with a porphyry perhaps similar in size to Racecourse currently have their shares in suspension awaiting news of a capital raise. Could be placing or could be a major taking a stake - will be interesting to hear what it relates to.
https://newswire.iguana2.com/af5f4d73c1a54a33/cvv.asx/6A1102885/CVV_Suspension_from_Official_Quotation
Can't be any worse than the current marketing strategy. FB probably the best kept secret on AIM.
As well as 'Porphory's Rock' printed on the back .. I'm thinking we might need the T -Shirt's to also have images of sundry 'frilly knickers/panties/ thongs /Mini/Micro skirts etc' alongside 'BushRanger' printed on the front towards real winning marketing !
Are we buying SOLG ?
Here is the website for the Diggers and Dealers event currently taking place. ( https://www.diggersndealers.com.au/ )
We are not on the programme.
Not sure what Ella is on about. Why would rumours be flying for a company not appearing at the event, when there are 50 others vying for attention. Would love an explanation of such a (currently) unfounded comment.
Don’t get too excited it’s just a deal with a distributor to export the new line of Bushranger merchandise. It’s the new marketing strategy they are trying, T-shirts, frilly knickers/panties/ thongs /Mini/Micro skirts etc big silly hats and fridge magnets with the choice of RC or Ascot on the front of shirts and the slogan “Porphyry’s Rock” on the back.
The Taiwan situation should keep the gold price up which is all good for our finances. Would be nice to hear rumours regarding a BR sale ?? but nothing currently showing in the shareprice to get me excited.
that doesn't sound like it has anything to do with ''frilly knickers/panties/ thongs /Mini/Micro skirts etc '' Ella ?! ..so best I leave the diggers and dealers event to the Einstein's here .. and me just keep my focus on what I'm good at ..
Maybe just a link Ella ?
Or a PM..
Go on....
Hi NTM,
I guess you haven't heard rumours about a deal from the 'Diggers and Dealers' event which is currently taking place?