focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I meant was not proven, but indicated
The current jorc is not indicated, so I understand it only need to be indicated to prick ears up, especially if as Huge, (open pit, at 2m tonnes) with out including other discovery, deeper extensions, etc. I believe phase 2 once completed will have given us a pretty damn good idea of what really exists down under.
Lets not forget everything else coming to fruition also, I believe we wil see a positive rerate, and in fairly short order once it comes, mcap 100m would still seem very cheap for what we have.
The current jorc is not indicated, so I understand it only need to be indicated to prick ears up, especially if as Huge, (open pit, at 2m tonnes) with out including other discovery, deeper extensions, etc. I believe phase 2 once completed will have given us a pretty damn good idea of what really exists down under.
Lets not forget everything else coming to fruition also, I believe we wil see a positive rerate, and in fairly short order once it comes, mcap 100m would still seem very cheap for what we have.
This could also be of use in a few weeks time.
https://twitter.com/mining/status/1442896556751872000?s=19
Imagine sitting on a big pile of these shares at the now 4.4p, and thinking, hmm, "I have warrants at 1.8p, lets sell some at this price and buy them back by exercising my, warrants".
Personally I would not be too surprised to see an RNS for exercise of warrants. There are other reasons to sell now, winding up an estate, buying a car, paying off a mortgage, peoples needs can change.
My stash however is not for sale till the price is right, I am patient, and have no plan to retire till I am 60.
By the podcast it looks like we can expect fairly frequent news flow, one day soon the market will sit up and take notice.
I am very much looking forward to the new pit model, that could be very interesting indeed, see where we are going in relation to what would now be 2MT contained open pit, aside from everything else.
Eureka should be blasting and trucking out this week too, wonder if that will be mentioned in an RNS?
I got the feeling we would poke a hole into it look see, then there are the other epithermals down south somewhere, thase can give very nice c9ncentrations of gold among other things, no mention of those since the initial presentation last year.
The cores are shorter, so this week could be good...
Of the fifteen or so I had filtered since earlier in the year, (I unfiltered the lot a few days back), reading two posts was enough to confirm it was the best place for a certain entity to be..
Dummy sell HL offered 4.06p for 250k shares, but 4.039 for 500k
Or maybe that - should have been a +?
GLA
Cannot say I have seen an after hours 1 share NT trade fixing the closing price before?
Listening again to the latest pod cast, I would say there is no doubt 2 drills are turning, but as to where they are there was no real clue, barring that they will be very influential in extending the resource.
I would say we were to the left of the word construction.
Pretty sure the 2 x 500k trades will have been bed and ISA, (unfortunately HL are not doing these at the moment), with price so low would be a good move tax wise.
HL will I note offer 3.425p for a block of 500k shares.
Testing 123?
The last update 5th May said 3 holes had been assayed, and that remaining would be, the intecepts from 9 meters under surface did seem good, with target to prove ore body to mine 250k tons per year for minimum LOM of 3 years, the hole under old pit average some 4.42% over 18m true width, with much over 6%, and over 20% copper over 1 meter, with 300m open srike length, also that further drilling would be conducted. So my question is, why Colin said in that last interview that there is at least 500 to 700k tons of copper at Eureka, he said this twice, is RNS news, it leaves me wondering what exactly they have found?
Plus mention that material was being shipped from the other site to a processing plant?
News has to be "imminent" surely?
Holiday haha, in isolation in a hotel in down town Soeul, cannot leave the room and the food is cold and a disaster, 3 nights done 5 to go, no BBC only China Global News Channel, (they are revelling in all of it), or Arirang telling me about how bad Korea's wave 4 is as they rush to finally get peops vaccinated......
Sleep eat read, sleep some more walk back and forth like a caged Lion, hand wash clothes, anything to pass the time..
6 holes completed, 7th and 8th well progressed, we are pretty well half way through the first part of drill phase 2, first assay results 4 weeks away, I think the limiting factor will be the logging, splitting and shipping of the core samples. The intersections sound very good when you think about stripping ratio's.
Lets see what is revealed by the assay results, but it does sound very interesting, I wonder if we will get the customary pod cast, there was a lot to tease in that RNS.
I have a good feeling that the SP will finally wake up.
To me they said as much yes.
They said based on the current 71MT 0.3% cut off it would cover capex for the whole open pit project, and that the additional mineralisation from new holes were not included in that, so along with any new mineralisation, and expectation that .15% copper would be economical above ($4/lb), with probability of extending strike to around 3.5 km, and resource to excess of 300 to over 400MT in the next 6 months.
Then there was Colin's 500K tons of copper in Eureka, last interview :)