Member Info for captainbob

Ref Ascot seem to remember up to 200ppm being mentioned in one podcast saying higher than at cadia

Hi Dani,thw 992k oz is the underground stuff at Fairbride that will likely be targetted after the openpit comples, it is not a vein, and was always there inearlier models, just not included in the feasibilty study :)

ART 13:58
So many what if's, but lets say, overall there is well over 2MT, (I personally believe there is) but we want AA out of the equation, lets declare decision to mine on a much smaller, economically viable pit, to get them out of the way.
All allowed our own view

Hoping there will be news soon maybe?..

Actually, I missed out the summise that any raise might be needed, as it won't, even if we did decide to keep the 20%.

How anyone can summise, that by keeping the 20%, raises will be required, when 80% will have been sold, the expenditure required, maybe 1bn, 20% of which would fall to XTR, who could then reinvest, the funds raised, at what would be sp of multiples from here, over a few years, with evential returns in the several billuons over time. All the while seeing income from Africa, what am I missing here?

Having already taken my entry, ave 1.6p built up between 2015 and 2020), the the bulk pf several million shares seem set to pay well.
Patience.

Capex, nearly double, no issue. Of course plant needs to be bigger, due to sheer volume to process.
At 87% Recovery rate about the same.
Basically Racecourse will return Capex and probably similar quantity of Cu/Ag to eva over the initial 6-8 years, rather than 15 years, from near surface higher grade material, it is unlikely we have pierced all the higher grade zones, or thickest areas of high grade within the deposit either.
I find following article interesting, though there are no specifics, it nicely debunks the grade is king philiosophy, when it comes to copper.
https://www.prnewswire.com/news-releases/why-the-global-economy-deems-copper-porphyry-as-one-of-the-worlds-most-valuable-deposit-types-301539259.html

Another error, talks about in the last quarter, when i think means 3rd quarter, the other skewed thing is POG, as the dollar/pound rate is 1.13 against ave 1.4 over seveal years now, I guess we can expect Q3 in a few weeks, and that should be much better, ref comments in the pod cast last week.

I won't be their, in the past Colin has been very fortcoming with answers, please give him my regards, still heavily invested in the project

I wonder about Charles though, noticible by his absence from chat boards for months now, I hope all is ok with him, if he is there, please also give him my regards.

My regards to all other attendees, I really would have liked to be there, hopefully I can catch up on any news tomorrow

I would imagine most of us are

JS I fewl sure had situation in Ukraine not occurred we would be in a very differentnplace now, afyer all he keeps saying it is far bigger than any of them ever imagined, I won't be able to attend AGM this year unfortunately, but suspect from what was said last year, this is bigger than they were expecting at that time......
After all Colin did also say, no news is good news....

Odd seeing trades here?

Luckily, refurbisment of house completed last month, I was fortunate, and can now sit and wait, still holding 80% of my original holding, others may have shorter term needs and be frustrated at current prices, at these levels, I can now afford to resume accumulating.

Somewhere, in one interview, I got impression that once conceptual pit was made, and that plan for further near surface drilling would be included, but that that could be part of the decision to mine package, NOT that we necessarily have to drill it ourselves, it would be on a plate for whoever took it off us?

Did anyone else get this inferrence, but it has been my understanding for a long while?

The cross sections seem to show currently undrilled high grade zones above the known intersections, I wonder what the basis is for these seeming assumptions? It would of course make a huge difference, if actually proven, we do know there are areas with near surface mineralisation that has been drilled?

So how about Colin, feeling down and out due to SP being what SP is, in last interview, he again said that the resourse is far bigger than they ever expected, saying that won't lift the price, but once numbers are finally released they may be quite nice. My hope anyway, world events dont help, plus summer time always drifting prices, bods need cash for holidays etc.
At least the extension is finished no need to sell any any time soon, time to sit on hands again.

Anypne heatd from CE recently, he has gone very quiet?

I have finally finished bleeding XTR shares for cash to pay builder, (1.5 million sold since January), only retention to go and that will come from wages. Still holding around 6.5m XTR, with no intention of selling any, it really would have been nice had a rerate happened sooner, very poor timing on my part, but it is done

AS
I was referring to a drill rig on a truck, for drilling out samples. See website, Manica Project July 17 pic 10/10, I remember Colin talking about this being ours, either at investor show or an AGM?