Member Info for CaveatEmptor

Colin once described the deposit as a carrot lying on its side...

Looks like they have decided to risk getting the bit stuck downhole - they must have really good turkey in Oz...

Seems about average to me:
"At present, the global average copper ore grades for copper mines is approximately 0.62% of Cu content and this number is expected to decrease as mines with higher ore grades become exhausted"
Not a bad start at all...

OK, Copper content is looking hopeful, but shouldn't we also be getting news on the supplementary alluvial gold production and satellite hard rock production having commenced?

Do you mean lilke JLP - 2p in April, up to 12p this month - a 6 x bagger and a market cap of currently £240 million - so definitely not a junior...

Hello Smiller,

BZT was 0.065p in April - and peaked at 0.52p in October - so that's an 8x bagger in 6 months, and you couldn't get any closer to home...

I would have thought that the cores are logged and examined as they are produced so there should be a rough indication of mineralisation almost immediately.

Hopefully somebody with more technical knowledge than me can comment?

Hello Pops,

That alert may become annoying over the next few weeks...

Completely agree, Joe.

CB set things up so that they are now out of his hands and market forces will now drive projects forward.

It was a gamble on CB's part, that POG and POC would continue to increase, and that this would give the appointed contractors all the motivation they needed.

But a gamble that is paying off, imho.
The next few weeks and months will tell... No way I would be out of XTR at this stage in its development, but that is purely my own opinion.
I don't expect anybody to give me any credence, but if anybody DTOR perhaps they will come to the same conclusion?

GLA.

Agreed, - many happy returns Trellis, have you made a wish?

...With the caveat that copper is currently "too hot to handle" as it is likely to experience a retrace if predicted demand does not materialise in the real world.
Copper is one of the most recyclable metals on earth, so a certain amount of repurposing may temper demand in the short term.

Sorry, should have read: ...communicate, on behalf of its membership, with the company...

It is my understanding that SAG was set up as a way communicate with the company and to hold the company to account on behalf of those shareholders that feel they have a genuine grievance.

This being the case, Trellis's statement of intent seems to be a logical progression, given the current circumstances.

Does that mean an average of less than 800m each?

If that's the case, then we could have results for Monday?

Maths has never seemed to be one of Colin's greatest strengths. At 80m average per day it would take over 12 days to reach 1000m.
Having only drilled 80m by Wednesday, there seems no chance at all that the drill will be complete by next Thursday.
Unless, of course, they manage to get the drill rate up to 100m/day...

...or at least to mid 2019?

Hello Andrew,

I think he has revised his predictions on several occasions over the last couple of years - often saying he thinks it will get to 'x' and possibly even to 'Y', so i suppose it depends which figure you choose to take.

I noticed that CB stated in his latest podcast that he predicted $9,000 18 months ago, so I guess that would take us back to 2018?

Regardless, I suspect we are in a far better position now that we have copper assets than we were before...

With POCu rising 2% in just a day and fast approaching $8,000 a tonne, that $9,000 per tonne prediction by CB back in 2018, which was poo-pooed by so many at the time, is suddenly looking a lot more realistic. This being the case, it could just be that CB may have pulled off a blinder for XTR over the last couple of years by realigning the company with copper ?

Hello News,

You missed it's a "Whopper!" LOL