Member Info for bonker99

Yup - the further derisking and imminent resource upgrade en route too and if they've got five drills turning then they could have further results every few days. Sit on yer hands peeps and let it play out :)

@ Inv - don't worry about what PIs think ;)

Morning. Well that is great news and they turned that first hole around pretty quickly too. As we've already discussed, if just one of these seven dome targets turn up even half of what T3 has then it's a game-changer here. Likewise, the AEM tech being shown to reliably target Copper is crucial when you've got 12k sq km to choose from! It's a great start to the campaign and I can't wait for further results which, presumably, will be along presently :)

Turns out it could be 10 business days rather than 10 calendar days lol - that's what you get for believing what you read on Twitter lol

Right company, wrong mine mate :) It's Escondida we're watching on - the World's biggest Copper mine :) I've still heard nowt - the deadline was 45 minutes ago lol

That's 19:00 GMT ffs so 20:00 BST :)

Silver going nicely but Copper flopping around - IIRC, BHP will be announcing the status of the union/strike around 19:00 today so one way or another, I guess that's likely to move Copper.

20-30% IRR :) Try 38% for something that's about to be derisked via the imminent resource upgrade ;)

Big Chinese Copper M&A: http://www.mining.com/chinas-citic-grabs-stake-ivanhoe-mine-560-million/?utm_source=dlvr.it&utm_medium=twitter

awesome tweet by Gianni Kovacevic https://twitter.com/GianniKov/status/1006182665500819456 Compare those numbers to ours ...

and silver on the up again.

@ PB - they keep pushing that bid up but no sellers cigars lol This bid buying vs "selling" has been going on for a month now - someone's obviously convinced.

$20T indeed - tell me there isn't a bank(er) in control of that balance sheet ;) "Defence" spending is made-up nonsense and we all know it, all military spending should be diverted to getting us off this rock imo.

The World, inc the US are short the Dollar (and the US itself) so he's very much the right guy at the right time :) Ultimately, he's just doing what he's told by the money guys like all Western "leaders".

Epic volume - worth the wait though ;)

https://www.bloomberg.com/quote/MODDA:AU

Morning. I think we'll certainly get to the DFS in Q1 2019 but what happens after that is anyone's guess. Majors are going to need that tied down before making any kind of move I would assume. I concur with doubts about MOD/MTR taking this into production. Especially MTR, just no way hos� imo, that's not our game. We'll be looking to get increased exposure to a ballooning MOD SP via a bigger equity stake to vastly increase our balance sheet I'm sure, maybe in chunks as we work our way around this mammoth acreage. MTR take the hot profits out of one exploration play and pour them into the next play (very much a Swing Trading MO ala myself as it happens) and we've already seen that next play lined up with our up to 50% stake in KML. Quite how this plays out in that respect is anyone's guess of course but we *know* that whatever chunk(s) of the acreage get sliced off for production in 2020, MTR will have to be out of at least that portion of the JV during 2019, probably by Q2 2019 I would guess, to facilitate funding to production, or, indeed, an outright T/O of that area by a major. My (total!) guess is that we could be looking at deals being done to shift that T3 area JV stake over to the balance sheet via increased equity in MOD, making way for that zone to be sliced off for production, probably multiplying our balance sheet numbers in the process. If MOD then do a deal with a major for that area, and that area alone (*cough* it is very close to Cupric Canyon's resource *cough*), sending the MOD SP flying in the process (and our balance sheet with it), then perhaps we're looking at the pair of us sitting on a mountain of cash and each still with big stakes in huge acreage, much equivalent to what we had prior to the KML deal in MTR's case. MOD/MTR can then go after the other JV areas, T20 Dome etc and MTR can look for another big win in the new KML acreage. Acreage adjacent to an area that a major(s) have demonstrably proven their willingness to buy into post-exploration. I suspect that's something like the ideal scenario here and it potentially changes MTR from a six month hold to a two year hold to wring the full value out of it :) Perhaps that's Rick Rule's perspective too, hence the �10m in MTR warrants at 6p. One day Rodders ...

Afternoon. We've a good base at mid 2s that will firm up on the imminent resource upgrade, maybe even a new 3p base but there's so much more potential to be realised over the next six months let alone what happens with the macro/copper price. I expect to see a six month rise in the SP as the drill/assays roll in then, perhaps around the end of the year, a drift of some months waiting upon the DFS in Spring 2019. Targets on those upswings unknown of course but I like 5s/c8p right now and if we really do get continuing great news then double-digits/mid-teens aren't out of the question. The other catalyst, especially as we're at a base price now, is the copper price which is looking ready to start pricing in the better part of $4 given the recent macro news flow. Those Chinese numbers are astonishing. I had no expectation at all of seeing anything like that (military??) and neither did the guys with the big copper short position (doubtless looking for c$2.7) who were forced to close out at $3.25 last week :) There's no knowing what will happen to the copper price in this six month period of course and she may well flatline again but beat $3.3 and that $2.7 shout is off the radar imo and I'd be looking at c$3.5/c$3.8, possibly in very short order. If BHP want the copper price up then they simply need to tell the union to do one this w/e and that'll sort it I'm sure - they've got until the end of July to get it sorted so factor that into your thinking ;) Silver here too (and in Thailand - that could re-drop at anytime of course) and that's getting a lot of attention right now - I expect to see >$20 silver by Autumn and maybe even $28 by Spring. CoS on our drill campaign? Well in terms of hitting *any* copper that would be 100.00% with so many domes/targets to play with and every hit will see some excitement here. Over-excitement no doubt of course as you can't prove a good/big resource off the back of a few holes but JJvR's record is outstanding up at Cupric Canyon and he found T3 with his very first drill attempt with 12,000 sq km to choose from so, well, y'know, I'm trying not to be rampy here and past success sure doesn't guarantee future success but we've got an awful lot of targets and an awful lot of drills and that guy sure does seem "lucky" :) BTW, we all need to not be expecting 2%+ grades from this drilling. As alluded to by MM this week, there's a picture developing here of a super wide, deep, formation of c0.5% "background" copper with the domes presenting higher grades closer to surface. When all is said and done here, it may be that background copper which elevate this into a Tier 1 resource rather than the domes. Some of the world's biggest/best copper mines rock (plummeting) reserves at just 0.5%, you just need scale to make it viable. Proving our AEM tech is reliable is just as important as stellar grades now, as is proving our district scale.

Morning. FRES noted too :) Silver is one to watch this Summer for sure and it's recent trading correlation with copper caught my attention too. Copper and silver are peas in a pod of course so I wouldn't be surprised if it's the same money moving both right now. I think I'm right in saying that there's never been a bigger disconnect between the gold and silver price so perhaps that's about to be reconnected. Huge amounts of money flowing into PM ETFs recently too I gather. Who knows on dead bottom here but anything below 260p looks interesting to me.

Blimey: http://www.mining.com/copper-price-chinese-concentrate-imports-hit-18-year-high/?utm_source=dlvr.it&utm_medium=twitter