Member Info for captainbob

It takes time to collate, and you cannot really collate information data from just by a single hole, you need results of several holes, batch say, to do that.

Just read what Andrew said below, even Boris Johnston changes his mind, maybe after release he was advised a different approach would be better, but for now I agree we are in the dark, on all fronts.
All will be revealed at some point.

Andrew, that is my line of thinking also, results of 4 holes in batches, would mean two pairs, and to me a pair could hardly constitute a batch, all 4 together, with a bit of geophysics thrown in would make far more sense to me. Then phase two, will have several batches to release, in what would hopefully be an ordered sequence.
My thinking anyway.
GLA

Surely, after hole one, other holes grades will vary, intersections of high grades, and others with not a lot, this is very common all drilling campaigns.

My conclusion is, hear his "no news is good news" message, then look at bigger picture, also his, piano wire the Christmas pudding, plums etc. And then the xrf hitting 9% and an inch away zero.
We all know there is a drilling campaign under way, and if results were all terrible, for sure we would have known long ago, what we do have though is over 900m of mineralisation in hole 1, we dont have 4 more saying result was bad, but we do have several interviews where he seems very upbeat indeed. Even the Bezant ones where Bushranger was brought up.

I am a simple PI, but have attended every meeting, presentations I could since 2015, and so have met and talked to Colin on several occasions, and what I see is a man who wishes the best for his share holders, and now he has this chance to make it happen, he will wish to present the news in the best way possible, dribs and drabs hole to hole may be good for traders, pumping or dumping as is their want, but what LTH need is news that will spark the next re-rate towards the Midcap goal he has stated in the past.

Thus in my mind a single hole after hole 1 result is not going to cause a substantial re-rate of SP, but the final result most likely will, so mentions of inpropriety on not announcing everything hole by hole is to me complete nonsense.

To me no news remains good news, though I do see the suspense is cause for frustration, a starter for six, from Africa would be nice.

AIMHO

GLA

Also he made a comment regarding XRF, that you can test one spot and get 9% but an inch away it would read zero, quesrion is how many 9% spots are there, I believe comment was made during drilling of third hole, and part of readoning for not using it

Balanced, is a better description

Circa $650k a month

Very interesting read, and the numbers appear to only be referring to the Fairbride resource, suggesting income to XTR could even exceed expectations, and wouldn't that be nice.

Also on a couple of occasions, Colin has mentioned our own small in house operation in Manica, never have had any details as to what exactly that may be, other than it was muddyat the time...

Interesting, first time in ages that i have been quoted on a dummy sell for 1M shares, and to boot price offered was better than expected 5.854p.

GLA

Much better, and very very encouraging.

Clear cut now, 2M target is race course alone, needing the 16000 - 22000 meters of drilling, to prove that up to Jorc, and Footrot is separate entity 6 km away, plus other targets in sight also.

That is what I gleaned from it anyway.

Good place to be.

Was that the correct link?

Fact is all we can do is wait.....

And remember the addagnew mantra after hole 1, ie, "No news is good news".

After again listening to the latest podcast, Colins tune was very upbeat indeed.
Personally, I believe many that have not read up on the subject will not appreciate the possibilities here, and believe that the modelling, based on assay's and the Geophysics survey will allow an easier understanding of exactly what lies beneath, and will be main driver for a push up from here.
As Colin said there will be a cut off where mineralisation is not considered economic in parts of the model, (there will be sweet spots, and very sweet spots too), and that due to its inclination, open pit would likely be the way to go, 15 to 20 years.
Now consider a mill churning 100,000 tons of mineralised ore a day will take about 20 years to extract 2MT of contained copper, at around 0.25%, or circa $2 M worth on average each day, (at $8000 a ton), I expect that would provide a very nice profit after capex and extraction costs, (even halved for open pit).
But we are not expecting it to be halved, Colin's message seems to be that we are looking at something that could be considerably larger, and that that 15 to 20 year open pit would only be the start, the way in to the porfrey system proper.
The first hole showing mineralisation of over 900 m is a good clue to magnitude of Racecourse itself, though he also said that it is still open in all dimensions, as I understood it (I liked it when someone else said Racecourse as the 'single target' Porfrey being like finger of a blown up rubber glove, we aim for the other fingers via the chubby hand they escaped from.).
I do see considerable upside over the coming months, personally I hold several Million shares here, collected over the past 6 years, so am very happy sitting on my hands taking in the progress on all fronts, and learning from all the newer more informed posters, so am more confident than ever.

I bought in based on Manica and the African assets, which I believe can also add considerable value in the next 6 months as their development comes to fruition.
GLA and thanks for all the information that has been posted in recent months, pointing me where to look regarding porfreys and the like.

I prefer the green box

Interesting, dummy sell 500,000 being offered 6.7p, no quote to sell 1M though.

Hmm as both pairs were just under 20k I would hazard they were bed and Isa's myself, done at "low" price to transfer as many as possible :)

Eureka, not much news from there recently either, drilling update? There may well be interesting little RNS's from Manica and Zambia to fill in the gaps and inspire the less patient amongst us.

Just noticed, Colin and God are an anogram of Gold Coin, its a sign, its a sign ??????????