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Not professing to be cleverer than you howezap but I spent half an hour a couple weeks back doing some basic calculations and trying to get to 2MT.

900m (we know we have 900) X 200m X 200m (we know it's not a cuboid but my maths doesn't stretch as far as working out the tonnage of an aubergine or a cathedral) X 2.7 X 0.015

Comes out as 1.458 MT of contained copper.

Very very crude but it gives you an idea of what might be needed.

900x 200x 250x 2.7x 0.015 = 1.822MT
900x 250x250x2.7x 0.015 = 2.278MT

Bearing in mind some of the drills in phase 1 had 2-300m @0.2 I would like to think we are at least in the 1.5-2M range. And with that very basic effort I'll let someone far more capable have a go :)

I see that Andrew and my thought is the reworked conceptual pit would be summarised along with resource models from RC and Ascot. It is an ideal marketing opportunity for a last push potentially toward them 8p warrants as suggested. Particularly if to announce that modelling shows 2mt has been reached! That would be a material change in the project followed up by a webinar for visual representation.

Reading yesterday's the RNS again, I wonder if there is some confusion with the terminology that CB used??

We have been lead to believe that "The Racecourse conceptual open pit model" will be competed by end of May or about 1 month later (end June/early July)

But in the RNS CB said we would shortly have a "interim summary of the Racecourse and Ascot prospects."

The model was specific to RC so could these be two things (summary and model) be two completely different things and that some are assuming they are the same think or one replaces the other?

I've read some posters call the interim summary an interim model. But that is not what it is according to the RNS.

As they could be two different things giving different info, we may still get the RC (only) open pit model by end of June AND the interim summary soon covering RC AND Ascot.

Just a thought...or am I clutching at straws :)

Has anyone more cleverer than me attempted an estimate, however crude, with a cut off of 0.15 recently? Would be keen to see where folk believe RC may be at.
Answers on a postcard….

I’ll go first with a rampy guess of 2mt of course.

Whilst personally I think we may be a little away from 2Mt at the moment I feel pretty sure we must be at something like 1.3Mt minimum. CB has often said we're looking at 500, 600Mt of ore or higher. If we take lowish grades of 0.25% then even at the lowest end we'd be at 1.25Mt, and perhaps more realistically we'd be at 1.5Mt+. Communication of that right now, backed up by an interim model, would allow CB to open meaningful discussions with AA, a) in the hope/expectation that 2Mt will be forthcoming in due course and b) because even if it isn't, that seems a great resource that most majors would be willing to pay for. The interim model may also set a new, higher base level for the share price, possibly after a slight retrace before the market finally realises the value here. That could also help trigger the 8p warrants to pay for further drilling.