Member Info for Andrew4444

Monty

That's what my conclusion was but I didnt want to get my hopes up.

It would seem to me that:

staggering, really staggering= get in porphyry copper expert = excellent grades

We'll see.

I can buy 400,000 at 4.98p

Iceberg

Not too sure what you mean when you say' the problem is'. It was £1.25M but that was a bargain so a good thing.

Unless I've misunderstood you.

OK Thanks Iceberg

My understanding was 2-4% of contained copper was a typical valuation. I've been using that as an indication and assuming we will get 2m tns for AA buy back.

Valuation may be more complicated than that, but if we got less than £150M (2M t) I would be disappointed.

Thanks again

Iceberg

Thanks

But if for example, you knew the amount of contained copper in the ground (not racecourse but any typical licence) would you agree that 1% to 5% of contained value is a typical sale valuation mechanism?

general question not to second guess racecourse value or tonnage?

Or could the sale valuation margins be even wider than 1 to 5 % of value under the ground??

Hello Iceberg

In a previous post you said 'My conservative estimate for a 1000m .5-.6 cu eq would be around 90m mcap given the location'

I know you said that's conservative, but that seems amazingly low imho as my understanding is that the sale valuation is typically between 1% to 5% of contained copper in the ground?

If I've understood you correctly, you seem to be saying £90M valuation for 5.5Million tonnes of contained copper ($44Billion at $8K POC)which is less than 0.5% valuation.

Is that right and would you not say that 2% to 4% of contained copper valuation is typical?

My understanding may be wrong hence the question.

Thanks

...I do genuinely feel sorry for LTH...

What!??

LTH's now have an average way below current SP.

We have never been in a better position.

I feel sorry for those that traded this sub2p and didn't stay in!

Gixxer

It looks like the other assets will not be producing income quickly enough to fund an aggressive drilling campaign. Hence the raise.

I'm still very sure that we will be getting additional £500K to £700K a month income by Q3.

By end of the year the sp will be in the teens.

Of course AIMHO

Confirmation of GF + Alluvial Mk2 income this month would shut-up the ' placing brigade'

Many newbies probably don't realise the likely increase in income due from Manica this year. That should take the sp to 10p alone.

..Forget about the daily SP and hold out for the big bucks....

Exactly. SP fluctuations are all noise to me.. well now anyway!

Company is in a much better position than it was 2 weeks ago.

would NOT

LW

Wild horses would drive me away after waht I've been through ! (And all LTHS)

Took a break from the board as it was getting a bit too noisy for me after the spike last week. Not so much as meaningful posts being made, but sound bites. My quite local out the way pub, with afew regulars turned into Wetherspoons on a satuday night with music on too loud :)

Hopefully it will calm down a bit on here

Not sold any.

LW

Agreed. For LTH this is now completely derisked. Its just a question of when we decide to leave.

Hello James

ha ha. That would be interesting !

We may see a mad scramble back in here next week though.

A very surprising and important part of the RNS

'The results of the hole will be reviewed by an independent porphyry expert and a more detailed overview of the results will be released next week'

Dibs

Heres' one that was not as long as ours and with probably similar or worse grades than ours (TBC)

They seemed quite pleased with it....

'The latest drill result of 972 meters grading 0.5% copper and 0.2 grams per tonne gold - right from surface mind you - ranks up there with some of the all-time remarkable drill intercepts and is most likely the best hit anywhere in Australia, possibly even around the globe, for 2019.'

https://thewest.com.au/business/public-companies/is-this-the-best-drill-result-of-2019--c-589070

Cyber

When I first read your post I wrongly read it as..

'Good luck to everyone who has been a patient here'

Actually for many LTHs that's probably more accurate!

Hopefully LTHs are all now well on the mend and will be make a full recovery very soon.

Lucky

Is that target price in £ or pence :)

Ella

Veteran mining analyst John Cornford thinks assay results will take 2 months

'Drilling is to continue beyond the planned 815m depth if mineralisation continues, while the other two drills in this first phase will be followed by a second six-drill phase if results warrant it. Based on results (which will take time to be assayed and which we probably can’t expect for a few months) Xtract plans to update the resource'.

https://masterinvestor.co.uk/equities/johns-mining-journal-four-rocketing-mining-minnows-should-you-follow-them/

I maybe wrong, but I think that is Dave's conclusion?

I appreciate all the work Dave has done but not too sure if you can extrapolate that level of data from a block slice diagram?

I think I'll wait for the assay results.

1. According to the RNS at the time, we have discretion whether to use this loan facility so Sandersons can’t trigger it. If we don't need it, it wont be used.

2. If we need more money then I can’t see why CB doesn’t just do a placing at slight discount to current sp and not use the loan facility.

3. I can’t see why the aussies would want to start to off load any of the 25M free float shares yet as they know what we have re Bushranger and would want to wait for a much higher sp. Due to period lock-in and high volume, by the time they decide to sell, I would think the current lock-in of 75M shares would be absorbed, whenever they were sold, without a significant effect on SP. Sale would be over many months in high volume .

4. As Jamescakes has stated previously, we have enough funding to do all three dills. And we should be getting first income of circa £100K to £150K a month from GF + alluvials Mk2 in next 4 to 6 weeks.

Rightly or wrongly, I’m relaxed about these issues and don’t see them being a major headwind against sp progression over next 6 – 7 months. And by then we should be getting additional £400K a month from FB.

Of course, AIMHO