Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Tell the truth now. Has anyone else caught themselves reading russiangirl's posts in their head but with a Russian accent?!?! Maybe it is vodka withdrawal as I'm on day 3 of a Dry January restart. It's the 5th restart. Time for a 6th yet.
Hiya no of course not bad, works both ways. But we have had over a year now of what is perceived at the time of any given previous dip as fantastic buying opportunities.
It’s no wonder there are so many holders that consider themselves to be a tad over exposed ;-))
It’s funny, I consider myself to be fairly well researched, but nowhere did I read it takes ••••••• years to prove up as big a resource as BR
Good luck to you
Eye spy with my little eye, someone that has maybe missed their target entry price.
Sounding bit desperate now tbh
Docit, That's just a future point in time with the calculated shortage up to that point. You need to start worrying when the supply and demand curves start to part ways and that's expected in the next couple of years (even 2032 is only 9 years away). Maybe you should tell your grandchildren some scary stories about what life is going to be like when they're teenagers. lol !
Retirement
Global shortages of the metal could reach 8 million tonnes by 2032, as soaring demand fails to be matched by new copper mines.
Cygnus, best i let my granchildren know then. Won' be any good to me
I need it now for my forthcoming reterment boost:-)
Interesting article. The last paragraph sums it up nicely:
"Global shortages of the metal could reach 8 million tonnes by 2032, as soaring demand fails to be matched by new copper mines. The rate of supply increases required, is equivalent to building eight copper mines the size of Escondida, the largest in the world, per year, for the next eight years. That's insane."
It also mentions that shortages may well be seen in the next year or so. The timing could well be very convenient for XTR. Despite the resource disappointment, what we do have at the 0.33% level alone is very valuable. Either AA make an offer in the very near future or more exploration will occur (in my opinion). An increased resource, becoming available when Cu reaches new highs could create a perfect storm in XTRs favour. It would mean waiting longer but it could be a once in a lifetime event. Plus, those willing to wait will likely get the opportunity to buy in over the next year at bargain prices.
https://www.kitco.com/commentaries/2023-01-24/Copper-shortage-getting-real.html
Was thinking the same A4444
Russiangirl
Are you related to Dani by any chance :)
Maybe sisters? or even twins? or even identical twins or even have the same DNA :)
is it that long ago
2012?
i do remember it going up 175% one day a few years ago
Bored.. was expecting an open of 10p this morning...
For sure Cygnus, time is of the essence if you can wait, the more I understand of the current growth strategy and with the back drop of the global need to decarbonise toward net zero, with copper being central to these demands. I am as confident as ever of the bigger picture beyond BR that a sale of its biggest asset will leap frog the company toward eventual mid tier if the company can seize now on the best opportunities to bring further small to medium scale mines to production as well as further developing Manica. Let’s also hope too that Eureka can see further development.
CB had previously said he can see Xtract as a mid tier, giving jubilee at then 400m MC a run for its money. Along with Auroch minerals who were Manica’s former owners saying , “Xtract aim to become a mid tier gold and copper producer with a focus on, low cost high margin shallow/surface deposits.”
The aspirations are there and with sub 20m mc and potential going forward, there could be enormous upside from here over next few years.
Howezap, time will tell. We can only wait and hope...
Hi Cygnus no not necessarily as is based on the twelve month period from that time. The preceding part of the segment I pasted is fairly clear.
Half year audit.
>>Management have reviewed the cash flow projections for the forthcoming twelve months, based on the current operations in Mozambique, Australia as well as the corporate overhead. The alluvial operations continue to generate modest revenues and as with alluvial operations the presence of gold in alluvial deposits is unpredictable and therefore operational results will vary month-to-month……….
"Based on the assumption that Fair Bride operates within its targeted parameters and no new business is consummated, the Directors do not anticipate the need for funds to be raised".
If further drilling at BR is required I guess that falls into the category of 'new business is consummated'.
First of many I hope!
Re bank of Dave
Watched that also. Great story and based on fact
>>Technically it would only have legal clout in an RNS but who would put out an RNS just to say that,
From half year audit report
>> Based on the assumption that Fair Bride operates within its targeted parameters and no new business is consummated, the Directors do not anticipate the need for funds to be raised in the twelve-month period from the date of authorising the consolidated information.
As is common with junior mining companies, the Company in the past has raised finance from shareholders for its activities, in discrete tranches to finance its activities for limited periods only and further funding would be required from time to time to finance those activities.
Apologies for the copy n paste. It pays to keep those expectations in check for now.
I'll agree with that Cygnus7.
Jezzoo, I believe CB said that we would not need a fund raise based on the belief that a deal would be achieved with AA. If that does not happen then it is likely to be because the resource is a little too small for them in which case it makes sense to continue drilling. Then, depending on the income situation from Africa, a raise may be a possibility but that would be an investment in future wealth rather than a 'lets keep the lights on' type of raise.
CB has already said in one of Roast podcasts that there won't be a need for a fund raise for any further work at Bushranger.
Technically it would only have legal clout in an RNS but who would put out an RNS just to say that, CB doesn't RNS much ATM anyway.
Yes he just just needs to assure people that Xtract can self support operations now as this is why people are reluctant to invest let’s get the Zambia mine up and running and with 2 income streams from fairbride and Zambia let’s then get the open pit in Australia going 3 great income streams and we’re up up and away and flying
Is good to be optimistic Cela I certainly am too, until there is a reason, to be otherwise!
To see ‘no’ funds raised will be based on the assumption that Fair Bride is operating within its targeted parameters.