Member Info for CaveatEmptor

Agreed Rollinginit,

Only one thing to do IMO...

Hello Daz,

Have a listen to the last two or three Share Talk interviews then read the 2020 presentation on the XTR website and then I am sure that there are many on this BB that will be only too happy to help with any questions that you may have.

ATB

Hope all those that are interested are enjoying the rugby today. Scotland is certainly the mouse that roared at the moment! - almost as exciting as CB's interview.
Reading between the lines it may be necessary for a 99 call or two on this board over the next few days, but as an interesting twist, in support of SA this time...
Have a good evening, all.

Bushranger already world class and drill 3 could be a company maker!

Only 6 weeks for each of us to make a decision on where we stand...

I, for one, have already decided - and I think that Colin has too...

250 tonnes per year processed at 2% Cu and $8000 per tonne gives $40 million per year, less operating costs still gives a very good contribution to the bottom line - and from just one of our assets...

Very good interview - comprehensive update on all fronts.

6 weeks until diffinative model if Bushranger is known, including size and grades.

Drill 3 will give the last piece of the puzzle ( confirm the third dimension that will allow an accurate 3D model to be generated by computer)

Already know the system is "very big" and porphyries are all about size...

All other projects moving forward towards production over next couple of months...

What is not to like?

Top-up time on Monday?

Thinking about it CB probably paid an average of a little under 24p per share in 2011 (£10 million)- so we have a long way to go before he will be in profit...

Of course CB subscribed for the 42 million shares when General Industries changed its name to Galileo Resources in 2011 and issued about 65 million new shares at an average of about 25p each and then floated on the AIM market with the SP quickly rising to 46p.
So best use 25p as the price CB paid for those 42 million 'seed' shares?

Still gives him an average of many times the current SP, and, yes, he did say that he intended to make a profit on his investment.

ATB

Some of you may have recently observed poachers trying to invade, what has previously been, by and large, a civil BB?
Rather than ignoring or filtering any posts (including mine) that you think are disruptive then perhaps it is best to report them for the benefit of the majority here? At least that way this BB will have a chance of remaining constructive.
We all know that there are both positive and negative aspects to this story but life is sufficiently complex already without adding fake news to the mix...

Couldn't agree more, Bob.
It's been a long trail, but I think we are eventually approaching a climax...

Well Said, JDAU,

I don't think we've had many differences of opinion over the years and I can certainly echo your sentiment - here's hoping all LTHs end up in a happy place!
ATB

The serious investors, both old and new will understand what this drill really means and will be happy to take their positions for the next few drills.

This share is now massively de-risked and my hunch is that a lot of people will make plenty of money out of it.

Roll on drill three...

Now that really would be a sight to behold, Dibs - just imagine the last hour of trading...

Should we expect the usual update RNS between 11.15 and 11.30?

Thanks, Ben.

I will give it a go next time it happens...

ATB.

Sorry about the double posting - sometimes the post does not register then doubles up when I post again???

And the Long Section plan shows an angle of 80 degrees, just like drill2- but much deeper- obviously testing the width at greater depth...

And the Long Section plan shows an angle of 80 degrees, just like drill2- but much deeper- obviously testing the width at greater depth...

After the first drill CB stated that we had managed to double the length of the strike ( presumably this takes into account the commerciality of mining the porphyry).

If you look at the Long Section diagram on the website the widest area of mineralisation is about 250m, therefore we have already doubled that .

Double the strike and double the width means an increase of tonnage of 4x.

Reverting back to a recent post by Andrew, when you factor in the current POC then we need to increase the JORC by 4x in order to activate the AA buy-back option.

So, depending on grades, looks like we could already have been there yesterday morning - any more drilling now will incrementally reduce the required grades in order to triger the option.

Looking good, or what?

The main significance of yesterday's RNS is, IMO, that we have now exceeded 500m of mineralisation and that was quoted by CB early on in the drill as being the tipping point between the porphyry being really good and being a monster...
Maybe a good day today?