Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Am I reading this correctly, you reduce the ore processed by 64% but only recover 54% of the metals? Surely that doesn’t make sense (unless you processing costs are $15/t?) or your copper price is super low (in which case the project doesn’t make sense anyways).
Appreciate this doesn’t include the upside from smaller Capex etc but I’m struggling with this and hoping I’ve misunderstood?
Cheers
James
If you apply rough calculations to existing study it would bring the $5 per LB down to about $3.95.
A good step, I'm happy with that. Let's see what it does to the much larger, new jorc.
Could be Tier 2 by the time the AGM comes around 😊, can't remember the last bit of good news we concerning Bushranger.
The big positive about this info is that it's actually in an RNS not some waffle in a podcast.
Next RNS will be a glowing Fairbride RNS that will be designed to take the heat off CB and OSV at the AGM
and hopefully push the SP nearer 5p where it should be.
Other points to consider, copper rising steadily, BR location, M&A in mining hotting up.
What is Tier 3 in mining?
Tier 3 deposits are small / marginal deposits (most deposits found fall into this category) While they can be profitable – at best they don't meet more than one of the Tier 1 criteria.
I would say the numbers don't appear to be blowing the bl~@dy doors off ..... but maybe these are enough to make the difference needed?
We need the associated economics in order to say anything concrete about this RNS but what we could do with now is a confirmation that we have all the information reported to allow Optimal to complete their study.
.... oh yes and a concrete timescale for receiving the study.
Only had a quick scan through the RNS
Good results overall, how long will Optima take to give us the updated
economic model for the overall Bushranger Project I wonder ?
A positive RNS. I feel we will have at least one more before the AGM
Off to read it again.
RNS
Those that have bought in due to recognising the value being created here will be more than happy as the rerate unfolds. Will the non holding bashers see the light I wonder ?
Charmed I'm sure.
>>Why isn't CB shouting this from the rooftops
I wonder if its due to the fact he didn't find the asset? - Or that Bird is more interested in copper? - Or that he doesn't consider it 'big enough'?
He was certainly shouting from the rooftops over Eureka (the IOCG :P ) and BR (the world class asset)
Why isn't CB shouting this from the rooftops ?
The only decent success XTR has had in memory and he leaves it to (chiefly)Ma Baker and Howezap to promote.
You should be asking him for a job Ma.
XTR should be 5p based on this alone.
From Empress update
>>>Since production started in July 2022, ore throughput has grown by 11% per month, grades have averaged 1.6g/t.
Still a little shy of the current open pit average grades of 1.76 g/t which the ramping up reflects the using up of the lower grade stockpiles and ‘initially’ at start up and commissioning, even marginal ore that wasn’t even in the resource statement. Results will increase even further down the line with up to 2.62g/t as and when the other 3 satellites with ‘known’ reserves are bought into play. Still plenty to come from fairbride with extensions and the higher graded deeper sulphides yet though, where will see far greater returns from the joint deal with mmp
Even now the income will still not be at the bottom line.
??? MA ???
I don't know why the word G oat was starred out.
Very strange......
there's always the **** inn around the corner.
Https://empressroyalty.com/site/assets/files/6334/2023-07-13-nr-empr-67vuq91.pdf
Techno! Techno! Techno effing notice ! lmao :))))))
Techno ! Techno ! Techno prisoners !
Me and oldschool have been to BEATHERDER over the weekend , had a hell of a party at the Frog and Minge ! so be gentle with us we're a bit hungover ;)
Speak of the Devil !!
>>>In essence it means a project that is not economical at current metal prices and requires a quantum shift to make it so. Exactly where Bushranger is on the curve
I said I wouldn’t challenge your opinion Pinocchio, but you have stated where BR is, as a fact. You can certainly argue that fact with only the 71mt conceptual study currently to support your ‘opinion’. But to refer to BR as a dog is unfair without the updated economics after phases 1&2 are included. Or you simply don’t understand why the first study needed to be done to follow up on the AA JORC (71mt)
Otherwise how could you possibly know that BR is uneconomic. Unless you have a spreadsheet?
Pin, is this info available on SEDAR then we can all have a read ? or is it a press release ? somewhat similar to a podcast ? .
MaBaker. How refreshing to read your appreciated posts. They reflect the true worth that the board have worked so hard to build here. The Moaning Minnies will never understand what is being achieved here. Keep up the good work !
Nothing from the chatbot this week, must be allocated to a different share this week.
The big spread