George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Showing +0.20p on ii. Hoping start of recovery albeit a cautious one.
https://aheadoftheherd.com/copper-shortage-getting-real-richard-mills/
Those who had to pull out money to pay tax bill have done so perhaps? Maybe we can rise now a little, please...
it's always darkest before the dawn (that wasn't code btw)
This share should never have gone under 2.5p imho.. So i'll wake up here when it goes back above 2.5p again.. and expect i'll post somewhat regularly thereafter..
Positive day again but very quiet here.
Never understood the need for having multiple accounts on LSE unless you are playing games or have weird intentions/trying to manipulate. Was it father ted /porv who had multiple accounts? The guy who claimed porphyries halfway up the Andes might be a better investment. He did say he'd come back to compare fortunes. Wonder how his predictions have gone..
Writing in code is ridiculous and just strange. Let's get back to normality.
Thank uk for that
Russ Ian Girl seems to have gone !
Good post.
At least it’s not in code.
>>>Clear indication of what the company have been working toward all along. And are still working toward where a PFS is concerned.
The JORC resource statements just quantify a resource and give the market an indication of scale of project. A JORC is not a validation of any kind toward value of a resource. The market, and more importantly, a potential buyer can confidently determine a value from the economic assumptions at Pre Feasibility study level of which Xtract will now be working toward once the impending updated conceptual study determines there is scope to continue to define the resource further. Then onto PFS.
Commonly the 3 main reasons you would do PFS is firstly, as a basis to commit to a large programme or development, secondly to provide a justification for proceeding to a final feasibility study, or, to attract a buyer, JV etc.
Projects are sold with just a scoping study, and can also be sold without any form of study being done. As BR has the inherited buy back agreement attached, a PFS will be a requirement to support the ‘Decision to mine’ to satisfy AA with the hard numbers that are backed up by the ‘greater’ geological confidence in the resource that a PFS is based on. ?
I believe CB has done a great job in keeping many investors (I include myself) hooked with his previous approach, but it will not wash with investors again.
It’s time for a more serious approach with greater transparency from CB if the project is (I’m sure it will do) continue through the next phase and attract new investors.
andrew
you raise some good points
my logic is telling me here could well be a fight for ownership
that should move the SP in our favour
i expect also that we are in the sights of a few big boys
sit back and enjoy the fun
DYOR gla to all LTHers
cat
Thanks chaps, it certainly made sense to repost the basic facts surrounding BR. This has been a long ride so far and for what we now know probably looking quite normal timescales for a junior to get it to where it is now despite all the hyperbole from CB. In his defence he has prob only done it stimulate interest and try to keep what are, in general, impatient investors invested. Investors do come and go and it’s not easy for the new arrivals to get to the bottom of the facts from quality research shared over the past couple of years. these projects clearly do take years to develop and early clues have always been there. This was RNS’d 15 months ago!
Drilling and license update
13th Oct ‘21
>> It is also comforting to have the exploration licence extension until June 2024. This is a significant amount of time for us to continue our exploration and feasibility study programmes, and take the project to the next stages."
Clear indication of what the company have been working toward all along. And are still working toward where a PFS is concerned.
Another repost,
What do you say to ifthisgoesdownigo if you see him face to face?
Big Mac and a happy meal please.
Excellent work howezap. The person currently shouting the loudest about XTR from the rooftops is writing in code and getting on everyone's nerves. So we need quality reminders like this to drown out the nonsense. Only comment if planning to do it often going forward - bullet points might be easier to read for those checking in briefly...
"These are the facts that are the foundation of BR and one reason why Xtr is investable."
I think you outlined MANY reasons it is investable ...
Thanks for the repost. Maybe that should be posted every Monday morning !!
Ignore the question marks edited off site
Posted this a year ago!! but have made some up to date changes. These are the facts that are the foundation of BR and one reason why Xtr is investable. The economic assessment of the resource will hopefully now be the deciding factor that will heighten interest in the project going forward. ??Legislation changes across the globe are driving the switch from fossil fuels to renewable energy and electrification of the planet of which copper is central to. ?The need for more copper that will see unprecedented demand for a generation that will drive copper prices up beyond all time highs. Which incidentally, if you take into account the previous high of $4.62 per lb in 2011 the inflation adjusted price will be over $6 per lb to reach that same level. ?Bushranger is in the Lachlan transfer zone in NSW, it hosts world-class porphyry copper-gold deposits such as Cadia-Ridgeway. ?There are similarities in porphry deposits across the belt. ?Porphyry are generally found clustered and not isolated. If one is found to be mineralised in a cluster, they will generally all be. ?There is evidence bushranger is a multi-mineralised porphry system like cadia ridgeway. ?Racecourse deposit is unique, its dip is inclined and shallow to surface, so more copper will be accessible from open pit mining. Ascot is looking to be amenable to be open pitable too. ?There are other open pit mines throughout the region. ?The region is not ecologically or environmentally sensitive.
There are no indigenous disputes over land rights. ?Grades are typical of low grade high tonnage porphyry with a higher grade crown. ?An Australian government that has will actively support copper mining in one of the most politically stable and safest mining jurisdictions in the world. ?A high voltage power line runs through the area. Water can be diverted from a nearby dam. Major road and rail networks nearby. Large city with port and towns nearby that will be supportive of a workforce with their expertise and experience in a mining nation. ?An experienced management team in Jeremy Reid and Dr Quentin Hills to bring the resource to the global market. ?A chairman that has the experience in bringing to market and more importantly selling.
Further project development paid for from income from producing assets. ?Xtract already have a buyer that has first refusal.
Roll on from mid Feb when earliest reporting window is up after CB’s recent share purchase. When updated conceptual study lands to ‘hopefully’ lift the lid on this abysmal share price.
Getting rather boring. Sorry but take your Russian code and put it where the sun don't shine, if you understand good old British code... --- ...
At least I can block this in poster here which doesn't seem to be possible in telegram where she has infested the board.
Really?
You got nothing better to do.
Just for you Cela - https://youtu.be/pxkOWjZAPLs
>>> Early indications of deeper porphyry under RC <
To back up this comment.
?From hole 16 19th nov RNS
Elevated gold values (40m @ 0.23g/t Au from 596m) below the main Racecourse porphyry body, along with a coincident IP anomaly, suggest that a secondary porphyry body may occur at depth below the main Central Porphyry Intrusion.
3 is definitely special number ,Colin would be ecstatic if it started with a 3
I heard that 3 is the magic number. At least that's what I heard on the radio !