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MC may well be a Geologist and consultant with 40 years experience but how does africa equate with the nordic region?
One possibly, both, big questions?
Another Colin, thinly spread, or just jobs for the boys?
Hi Ben
>>….Eureka removed from the website completely. It seems Colin does just like the latest toy to play with and that it Kakuyu at the moment. ?
Arguably a fair point you make, but one the could simply be based on the economics to deliver greater returns in the short term. After all, the KPZ deal for Eureka is or was a rigid 50/50 split, whereas the deal for Kakuyu with Oval mining and their partners, who hold the license is for 60% of net profit from mining operations, increasing to 70% interest accruing for any additional mineral resources discovered during the course of Xtract's exploration programme.
At face value it looks a far better deal giving xtract greater control without the potential incompatibilities that can occur with the funding and expectation problems between 50/50 JV partners that may also have different profit/outcome expectations.
Kakuyu is well understood and in a fertile area that the geological team including Martyn Churchouse have obviously given it a thumbs up. MC is a Geologist and consultant with over 40 years experience working in the mining industry now MD of CB’s Kendrick resource.
Now the company are potentially self sustainable, the next leg up will be determined by its ability to maximise further growth potential without the risk of stuttering or stalling that momentum due to JV partner incompatibility.
Who have just had to give away 20% of the company for ongoing exploration btw Ted.
We are “down with that sort of thing” here now Ted
FTF was referring to ‘Collective Mining’ who have recently released a good drill result from one of their porphyry projects in Columbia. He is being his usual self in bashing BR……..in Australia with just one drill hole. Yawn
Andrew4444
On the same page I think
Thumbs up!
https://www.youtube.com/watch?v=-ea3ERJmURw&ab_channel=FoteMachinery%28FTMCompany%29
Jezzoo
Completely agree.
I wasnt trying to excuse Cb's failures but point out that as disappointing the SP is , there is still an opportunity imho, to make a good return here.
Whether thats down to CB or a fortuitous very high POC is another matter :)
Probem with that is I didn't invest here for the long term, I invested for a couple of years maximum as per Colin's guidance in the beginning, including maybe 100% for that "Colin" factor.
We have been misled down the path of a thousand lashes.
The only upside is hopefully there is an upside.
Pete
If Africa comment includes FB then Iceberg is clearly wrong about that assessment.
Whatever income FB produces for us, and it may well be less than CB's guidance, it will be transformational for a small co with such a low mc.
If the world recession means POC is not going reach the very highs soon, then POG will no doubt be going up inversely to POC.
What I'm not sure about is the timescales for this income - could be substantial by June or it may take until late Q3 ??
This is now a medium to long term investment imho.
I didn't get the impression he was the type to 'lick his wounds' - He also actually stated that he was just too busy with work to post or do any research.
Shame, as his input would be valuable
Iceberg stated back in ‘21 he would prob sell when the JORC was updated, surely not just yet as I believe on recollection, his average was around 4p back then. The JORC will no doubt be updated again at the end of any
‘further’ drill programmes as they will want t include all additional ore before the next study comes out.
I don’t mean the one we are waiting for now btw.
I’m sure he has just gone quiet for now whilst licking his wounds.
The problem is all his companies are now a penny !
Iceberg said he wouldn't touch Africa.
Colin loves his penny shares !
I think he has but fair play to him not to keep coming back and telling everyone how terrible this investment is now - like some.
He probably realises the time scales are much longer now and far too long for him to wait , which is fair enough. His last comment was that he thought this would be economic and also said that ...
"but anything over 1mt would be a massive copper project, powering several decades at a respectable 30kt a year. "
I get the impression theiceberg has left the building......
We now have a lower market cap than Gallileo Resources. Who would have thought that would happen last year with all the positive spin from Colin Bird but now needs to restore
Confidence
Progress on Kakuyu it seems. A nice diagram which might be interesting to iceberg etc. Eureka removed from the website completely. It seems Colin does just like the latest toy to play with and that it Kakuyu at the moment.
Big opportunity missed with the website update as Bushranger still has the same waffle it had 3 years ago. 71MT@0.44 etc etc. Nothing about recent developments. Still has the April 2020 presentation at the bottom for crying out loud.
If you are going to update the website, put new information on it! That the April 2020 presentation is still the most interesting and informative document about Bushranger is quite frankly pathetic.
Hi Dani I would add to my late night drunken ramble that inferred resource ‘can’ be included in a PFS but not to support one. As we have been informed that AA will want to see we are heading toward financing, it is a fair assumption on my part that the resource, particularly what falls inside the outlines of the open pit will at some point be upgraded. Any financier will want to see probable or proven reserves before any considerations to evaluate, toward financing a project. All projects follow a particular pathway and BR is no different.
It has been noted previous, coming from Colin that although they need to show an ability to finance (20%) they do not need to have funds in place.
I’m sure it will be sold outright and that is the intent still, if that option arises from whoever. But the option to bring in a bigger partner to develop it can not be ruled out completely if a deal is beneficial. But historically, juniors that go in with majors get shafted one way or another and end up being diluted out.
The Xtract web site seems to have undergone a major upgrade. Worth looking at the gold projects in Moz and the copper project at Kakuyu. Is there now real progress ?
whoosh
I'm more inclined to see things your way Pinocchio. If Victor Meldrew dabbled in stocks he would feel right at home investing in XTR.
We can deduce from that either,
1 Gold is down,
2 It is still raining or
3 FB is still not up and running.
:-)
In challenging times.
https://twitter.com/ColinBirdMining/status/1636361398791073806?t=xLWDkqKSAU0ELI_rZKMu0g&s=19
Wrong board surely.