Member Info for bonker99

I look forward to seeing those drinks then mate - this is going to be an interesting week :)

Gawd my eyes - Blog updated with today's news and a STOP PRESS link to a new MOD presentation for today's show and tell gig in Oz including the new A4 Dome assays.

Charts updated too - I do fancy a fast run to 5s here though I like 8-10p too.

Google "MTR Blog".

This could end up being worth much more than the current T3 pit 60mt @ 1% Copper if it matches/exceeds Cupric's Zone 5 100mt @ 1.95% but it also makes me wonder what's underneath the T3 pit.

Need one more of those 200m spaced holes to come in to reinforce the grades/possible size - it's open along strike and at depth so we could be onto a real monster here.

Yes, AEM is doing the business alright - an A1 Dome hit too by the sound of it - if they hit paydirt there too then you can't help but extrapolate across the ten major targets they're drilling up to Xmas.

This is very exciting and clearly very encouraging in terms of maybe seeing hundreds of millions tons of good/great grade Copper resource throughout the T3 Dome Complex.

Bloody hell those really are outstanding.

52m @ 1.5% is right in the T3 ballpark and 15.5m @ 2.9% is as good as it's ever going to get.

Up to 15.4%(!) Copper and 476g/t Silver(!) in thin veins throughout the 52m intersect - presumably that's the "stockwork" mineralisation at play.

Also contacted the NPF fault at 586m - assays awaited - that's the deep but massive fault that drove Cupric Canyon's 100mt @ 1.95% at Zone 5 and which underlies all of the mineralisation across hundreds of miles of KCB land.

Four rigs being deployed at A4 to drill 9 holes @ 200m spacing to define/scope a 1.8km resource - more rigs being pulled in.

Bornite pulled at A1 Dome too! :)

What a start! District Scale!

@ snige - alright mate, as you like it :)

GL

We need an epic beard spotting count mate :)

Mmm, pipes :)

I mentioned my fiver on T23 producing some sparkly stones for us yesterday - I did of course mean A9 which they've been drilling this past month or so :)

If there's a video of tomorrow's presentation online somewhere then we'll find it and get it in the blog, likewise his next one in a few weeks time :)

Google "MTR Blog" if you're just looking in.

@ snige - Then why have my gas and electric bills just gone up 5% this year?

You have to hold Dollars to buy commodities, as it weakens over time your buying power diminishes for the Dollars you already hold. How do you mitigate that? By holding less Dollars and only converting into Dollars as and when you need to buy. Upshot of that? Less Dollars held on account = less Dollar buying = a weaker Dollar and round and round it goes ...

The Yanks are bricking it over getting into a multi-decade deflationary cycle like the Japs did because that has the opposite effect of inflation, it inflates the historical debt rather than deflates it and then it really is game over.

They have to weaken the Dollar and they're doing so - they also have to do this to make themselves more competitive in a global market. Nobody in the West wants a strong currency anymore :)

Everyone is claiming 3-4% GDP growth - substract real-world inflation (i.e. my utility bills) from that number and I bet GDP is flat AT BEST. PMI purchasing costs are already going vertical this year.

They'll raise and then re-lower rates on a measured basis as it's pretty much the only lever they've got left to pull on now the world is drowning in fiat paper but the main reason to do that will be to control their own planned inflation pump to stop it running out of control. They'll continue to talk about an "overheating economy" but it's BS that isn't driven by real growth but by planned and manipulated inflation.

If you don't buy my perspective (and I've been calling this for two years lol) then fair enough but if you do then you're not interested in the usury game as the balloon has been pumped to bursting point. Likewise "growth" stocks (FANGs et al) that have been pumped sky high by the very same money - banks - who were sitting on tons of useless, weakening, paper money that they can't put to work so they've pumped equities sky high for the big offload just as QE ends in the US - go figure.

Where are they going now? Value stocks - i.e. those that have been kept suppressed by a low inflationary/strong Dollar environment because they're inversely correlated with the Dollar. Meaning? Commodity-related stocks - miners et al, especially small caps - go look at the Russell 2000 chart over the last couple years as the big money rolled out of the old growth stocks and into the new.

Most miners are based outside of the West with their own currencies. Many of those places are experiencing dramatic, real, growth unlike the West and that gives miners a double-whammy effect on their profits. How so? Because as local currencies strengthen, local costs diminish in real terms (salaries etc) just as the currency you're selling your gold/silver/coal/copper/oil/gas in, the Dollar, is weakening and therefore inflating your profits by increasing the market rates of those commodities = a big, double-whammyed, leveraged win.

You're very welcome - yes, BB's Rolodex caught my attention the very minute she was put on the BOD - perhaps she first met Julian Hanna when he sorted the nickel concentrate offtake deal at Western Areas ;)

@ Apple - FWIW, here's my view:

Banks make money by lending money at an interest rate.

Interest rates have been VERY low for a long time and, imo, the very few rate rises we've seen over the past year or so are only so the money guys have at least one lever left to pull on, by lowering rates again, should the economy(s) start to fall to pieces.

If you're in the money lending business then you need two things to go up if you're going to grow the business:

1/ The amount of borrowing by people and companies

and/or

2/ Interest rates

As I'm sure you're aware, right now we've got most of the Western hemisphere up to their eyeballs in debt (people, companies and countries!) so the option of growing the amount of money you're lending (in real, inflation-adjusted terms) is pretty bloody slim because at some point, nobody can pay it back as they're already maxed out. When you get to that stage, your risk of default (losing your money completely, never mind making a profit on it via interest!) goes up exponentially of course.

Given the above debt levels scenario, taking the other option of raising interest rates on loans to any significant degree is fraught with risk, both in terms of forcing people or companies or countries into default on existing loans without a fixed rate (including mortgages of course) but also putting pressure on the economy in general as you make it harder for companies to borrow at repayment rates that they can afford, just like regular people, so there goes your wider economy growth.

The other factor at play here is inflation.

My view is that Western countries, the UK and the US in particular, have to use artificially increased inflation to reduce the level of their debt. In a higher inflation environment, the historical debt shrinks over time naturally as inflation starts to overtake debt taken at a fixed and low interest rate. IMO, this is already in play via a long-planned devaluation of the Dollar.

Why is the Dollar relevant to inflation outside of the US?

Because all commodities, oil, gas, steel, copper, coal etc are priced in Dollars so as the Dollar drops in value, inflation across the entire planet goes up because everyone, people and businesses, buy those items in Dollars which now cost more in real terms because the Dollar is weaker.

IMO, this is a one-way street and it will go on for a decade+, they have no choice but to do it.

Why is inflation an issue for money lenders?

See the above re debt levels and ability to pay back/borrow more - if inflation goes up then EVERYONE has less spare cash than they had before even if they earn the same and they don't borrow any more money.

Add in systemic/international risk factors like Greece/Italy et al and all in all, it is beyond me why anyone would put money into any financial/money lending institution because I can't see the growth but the risk factors are blindingly clear.

HTH!

All very cosy I'm sure :)

Some interesting CVs on the MOD BOD ;)

I'm hardly up to that task but I'm guessing the implication is that while all these domes are created by upthrusts/shifting of the Earth that cause minerals to be deposited by hydrothermal fluids over time, a further/later disruption of the inital dome creation could cause much of the mineralisation to be lost rather then trapped within the dome structure.

That's probably nowhere near the mark but regardless, they clearly think it could imply decent grades within the dome.

Re times/days - MOD ANNs generally drop between 23:30 and 01:00 our time - the "Tuesday" wording is standard wording and is the *latest* it will start trading again, more often than not the TH only runs for one day and as Julian Hanna is presenting on monday morning you've gotta think that favours a news drop tomorrow night.

They delivered the sub-underwriting and some of the actual funding for MOD's £10m drill campaign funding, via Lim Advisors out of Hong Kong. Julian Hanna also has a Chinese smelter in mind for the Copper concentrate offtake.

Struck me as funny when i spotted it ;)

You lot are no fun :)

https://imgur.com/a/O5ohZzl

Crates of XXXX and disco lights I imagine mate lol

Any sightings of a guy with an epic beard in the room would do nicely too :)

Aw, c'mon, you can do better than that - I clocked this six months ago :)

You lot are going to work yourselves into a frenzy by midnight tom :)

It's all good :)