Member Info for CaveatEmptor

I would agree on potential Oiltap, however I tend to ignore the $80M ' success case ' scenario as it will take many years (5+ IMO) before any of the licences are sufficiently proven up, and it may never happen as GLR is likely to have been sold by then - I can't imagine CB wanting to wait more than 2 or 3 years to get a return on his considerable investment here as he is not getting any younger (none of us are!).

ATB

Hello Davey,

Your thoughtful post certainly poses a number of questions:

Over at XTR they were working double shifts on the drill rig (24 hours per day) - I have not seen anything to say that the same is happening with our drill?

The bushranger deposit is a porphyry system and therefore low levels of copper mineralisation, yet their drill rate reduced to 60-70m per day (24hrs) when they hit the core area. Our copper mineralisation should be a much higher percentage and more continuous - so maybe that will slow the drilling even more?

Perhaps when the first drill has been completed we will get an update that answers these questions and maybe even more than I have thought of - I certainly hope so as it will give us an idea of what to expect for the rest of the campaign...

The AGM is normally around the end of June and we have not even had last year's annual accounts published yet, so AGM is unlikely to be before the middle of June at the earliest.

Personally I am hoping for the last week in June so we can physically attend rather that having a virtual meeting.

This gives a good aerial view of the fair bride deposit, certainly enough to give the total scope of the works...
https://www.google.com/maps/place/18%C2%B053'45.4%22S+32%C2%B052'32.9%22E/@-18.8964972,32.8748284,445m/data=!3m1!1e3!4m5!3m4!1s0x0:0x0!8m2!3d-18.895946!4d32.8758033

Hello Joeman,

If you want updated photos of FB then look here: https://empressroyalty.com/streams-royalties/development-portfolio/manica/photo-gallery/
Looks pretty well advanced to me...

5.6p-5.8p now with 5.8p having been paid.

Maybe a decent day for a change?

Hello Davey,

I agree entirely.

I do not hold quite as many shares in GLR as I do in XTR, but there is not a lot in it and I would not be surprised to end up making more money here than over at XTR.

Both companies focussed on copper and gold - no better place for any junior miner to be at the moment IMHO.

POC passed $10,500 over night and all indications are that there is plenty of upside from there.

Exciting times for those that manage to get in early...

I see that POC broke $10,500 over night, so another milestone passed in its inexorable upward march...

POC currently around $10,450 and rising - that's where!

For those that like to follow POC, POG etc, I find this site is f=good as it gives live prices, trade by trade... https://tradingeconomics.com/commodity/copper

Agreed Andrew.

I just noticed that the POC is now fast approaching $10,450 - so $10,500 is a possibility today - I wonder if it will exceed even the most optimistic of recent forecasts?

With POC over $10,300 and POG over $1,800, how can a company like XTR that is so rich in both metals not fly once we have some hard proof of the true extent of our assets and the market becomes aware of it?

Don't forget that the extracting costs remain the same so a doubling of price represents a far larger increase in profits to mining companies, no wonder junior minors are being targeted by larger miners and investors alike...

I would be surprised if less than one drill could be completed each week , based on up to 250m per drill and the need to re-position the rig between drills.

Providing we have enough of our own geo personnel on site ( and it sounds like we have) then the cores should be logged and site-assayed as the drills go along and the more interesting of them to be sent off to the lab for full chemical assay. So we should basically have a meaningful update with visual analysis and site assays on a weekly basis, which should be sufficient to see a re-rate in price - providing, of course, the results are as hoped for.

If we follow the XTR model, those that are in now, at the beginning of the drill programme are those that will benefit most from the uplift in share price, especially if they pick the correct point to bail out...

It would certainly be a good idea for CB to do an interview with Zak and lay out the plan for reporting the results back to the market so as to put an end to all this speculation...

Many thanks Prickly.
It will make a change for us to be riding a surge for a change - it has certainly taken its time...

Hello Prickly,

Can you please add that additional 1M shares to my total holding on the BAG (BIG?) register?

Many thanks.

I am sufficiently confident to have just bought another 1M shares at .3946p.

I get the feeling that price will look cheap over the next few weeks...

Apologies for the double post - LSE playing up again...

With POC having passed the $10,000 threshold again this morning, it is difficult to see how any company with commercially viable copper assets will not make a lot of money - and high grade open cast mining is just about as commercially viable as it gets...

With POC having passed the $10,000 threshold again this morning, it is difficult to see how any company with commercially viable copper assets will not make a lot of money - and high grade open cast mining is just about as commercially viable as it gets...