Member Info for Benhowell459

Was thinking that myself CE. For CB to put out an RNS at 7am tomorrow, he will have had to work over the long weekend I guess. More likely to be a 9 or 10am RNS unless he worked today...

What odds on assays plus drill 6 join RNS?

Father Ted, I decided to have a look into your posting history because you're turning up like a bad penny and sticking your negative oar in where it's not needed. You have posted 32 times on this board in the last month. You have added little to the discussions and mostly banged on about other stocks and how much better they are than XTR.

Interestingly, the stock you have been banging on about today, wcu, you apparently only found out about around a week ago.

"Ok then, why not compare xtr with a stock I have no emotional attachment to because I didn't know it existed until half an hour ago - World Copper wcu.v They already got a roughly 2MT CuEq resource at~.4ish, they have potentially a very large oxide component to that. They have quite a studly board/management team, ...and a market cap of 8.5 million pounds." 23/3/21

Maybe you should do more research all round and leave others to the meaningful discussions. You add nothing to this board.

Hi Dibs, another good question. Unfortunately the slide referring to the AA buy back option lacks detailed information. Therefore, there are many questions unanswered including time frame. Unless anyone has inside info or a line to Colin, answers to anything other than what is on that slide will be guesswork. My guess is there will be a clause in the contract which states how long they have from receipt of the JORC 2m+ notification. Perhaps a month, maybe more.

Hopefully Colin will give us more information on this in due course...

Got in there first Andrew. I'm too slow! I agree though. The risk to AA of showing their hand would be too high I feel, especially if they want to buy more than 80% of EL5574 and it was more of a negotiation than an independent assessment of value.

To answer that Rock - I'd say nothing (happy to stand corrected though). But AIM rules stipulate relevant changes need to announced in an RNS. Relevant changes are defined as a shareholder having over 3% and any percentage change thereafter. So, as soon as they get past 3% there would be an RNS and the sp would sky rocket as their intentions would be obvious!

Doog, I like the way CB is operating. I think privately he is well aware this will ultimately be WELL over 2MT but using such phrasing as 'towards 2MT' to keep AA at bay for now. If we confirm 2m, then AA can buy it.

I thought we had 2m prior to mentions of multiple porphyries which are a game changer imo...

Badger - John Cronford, mining expert, seemed to rate 2MT at 40p for 80%. So 50p for EL5575 (?). CB did mention AA might look into buying early and that would evidently be lower. The way things are going with the monster drill 6, I would be looking at 40p +. Call me optimistic, but this is getting onto Cadia Ridgeway scale, i.e. huge. I'm not really fussed about a price at the moment as I actually want to find out how big this is and then we can assess value. News may be the best person on here to do accurate comparisons with Cadia and iceberg occasionally does very informative technical reports. You will find Steve has done ample analyses of what we have over the past few months. Good luck to you.

Badger I don't think we will need to inspire buyers on this board. What we have uncovered is massive and no amount of ramping, deramping etc. will affect what we have. The big boys, imo, have already noticed something unusual, ie. hitting mineralisation where we shouldn't and extending of depth and width. We have what we have, there is no denying that, no matter what people comment.

What we do have on here is mature discussion of the facts as stated in the RNSs and the opinions given thereafter by CB. Steve is one who contributes intelligently to said discussions and I am grateful for that.

Looking good into the Easter here, still with the drill bit churning through copper and gold. I, personally, am looking forward to a top up in my ISA on Tuesday and maybe then we will have some more indication of how deep this monster is. If not, I am willing to wait until the assays of phase 2 or the AA /other buyout which will invariably happen. Have a good long weekend all.

This must be how GGP holders felt when they saw it drop after its peaks/spikes. Part of my really wants it to stay around this level until Tuesday so I can use the next year's ISA allowance. It's an absolute bargain. With every drill hitting meaty sections of mineralisation, the whole project becomes that bit more derisked. I'm adamant we have 2MT and I think CB thinks so too.

A)Profit takers seeking a quick buck elsewhere. This will take time to prove up.

B) Some investors don't understand the RNS and the implications of grades.

C) GGP didn't go up in a straight line. Many thought the grades were insufficient. (See point B)

Evening all. After 2-3 months of estimating and calculating, we finally have some confirmation of what Colin was banging his drum about. Couple of bits I absolutely love from Colin's interview...

First, he is adamant we won't even know the full scale of the resource in 3 months time. That signals to me he wants to explore as much of the EL as possible before AA have confirmation of 2 MT. He knows what we're sat on and he wants to explore the beast!

Discussions over the past month or two on here have centred around whether we focus on hitting 2MT, get our 40p from AA and back off. I think he wants to take the slow option. Fine by me. You have my support Colin!

I love the multiple mentions of Footrot and the southern intrusions etc (he didn't actually name them but that's what he meant). Importantly, in my opinion, he has moved on from comparisons with BODA to compare with Cadia Ridgeway with their 4-5 porphyries. IE, CB thinks this is a huge copper District full of porphyries. I personally cannot wait until we get 3D modelling and 2nd phase drillplan in the next few months. I do hope, though, that progress with our African projects can support us in this venture. Excellent Friday. Have a good weekend!

Sorry money, you're right. I like them look of the 1.71% and been on xtract's BB where it's copper copper copper so must have it on the brain!

Check the last RNS. 1.71% cu was found in one of the drilld

I think their MC was around 3x ours? Imo not entirely justified for a flooded mine. Huge cost to sort that out. Otherwise I'd be keen in investing. Maybe if it falls to 3 or 4p

Superb initial post Andrew and follow up from others. (Thanks Michu haha)

Just goes to show the odds are stacked very much in our favour. Especially when you consider the content of similar ore bodies in the area but also the copper price currently.

I am extremely excited to receive the impending (imho) positive assays from holes 1-3 and look forward to hearing everyone's thoughts thereafter. In the meantime, I hope everyone has a pleasant weekend dreaming of multiple fingers and copper/gold cathedrals!

Is that 2.5 million at 8p a buy? That's incredible confidence!

We have a shed load of copper and gold so maybe it's not a surprise.

Thanks for the reply bitcoin. I agree, it's good to see familiar faces on the same BBs. I'm hoping to top slice XTR soon to top up here. But I also want to jump into TYM and top up BZT too as they are both at cracking levels with lots of upside.

Just to end on Cobra as this is the Cobra board, it is very reassuring to watch over videos of CM discussing the potential here. He obviously knows his stuff and fully appreciated the potential he has to grow exponentially.

Bitcoin, just out of interest...how would you rate TYM versus Cobra? Different jurisdiction granted but they seem to have fingers in more pies. I do rate CM so would be interested to hear your view...

"talk of multiple porphyry's, multiple cores and even buried cathedrals filled with riches."

What a great thought to end the day!

We've been over this before but I think it's an interesting and important conversation to have, especially clarifying CB's intentions in the near future.

From the Bushranger Presentation on the company website, it states the 12 month objectives:

1. Confirm potential for 200-300 Mt Mineral Resources. I think that's why Colin under impressed a lot of us during a conversation with Zak 3-4 weeks ago when he talked about only doubling or trebling resources.
2. Discover additional mineralised porphyry systems in close proximity to existing mineralisation. I believe this would start with Racecourse North, then move onto Footrot.
There is further information as to how they intend to do this: More detailed IP survey, then drilling to test certain targets.
3. Advance understanding of adjacent ELs.

This was a 12 month plan drawn up in April 2020. Obviously Covid has put paid to meeting all of these targets but I do feel number 3 has been put on the back burner. I think CB intends to do the IP survey, especially in EL5574 and hopefully using funds from Eureka or Manica, he can do drills on targets analysed from the survey.

On a side note, I have written before about how frustrating it is that people and CB in particular seem to interchange Racecourse and Bushranger and don't differentiate between the two. I also, like Dcat, would like some clarification about CB's intentions for exploring further prospects but I don't think it will be until after we have completed the drill programme at Racecourse.