Member Info for Cebo-456

Seen a couple of posts here and the Telegram group over the last couple of weeks saying this could be many times the size of Havieron - to me that is a little bit ramoy/hopeful to say the least.

But if we say it is about the same size as Haveiron which is possible then what does that look like 🤔🤔🤔

👉Havieron has 7mil oz of gold and 275 tonne of Copper ths Gross contained value, (n situ, no discount) would be minimum $20 -25 billion US).

👉 if we apply in ground valuation as follows:

.....👍 Early inferred resource (possibly after the ongoing drill) still only gets about 2% of Gross Market Value (GMV) - so about $400+million

..... 👍 Advanced feasability level (we would need a few more holes to prove up to this level) - about 4% of GMV - so about $800mil .

..... 👍Near development stage - about 10% of GMV - about $2billion - wishbone would have JV'd or sold out Red setter long before we took Red Setter to that stage.

Possibly add 10-20% on top of those figures due to the current gold price, low Capex and close proximity to Telfer.

With no news, I think this will head towards the 2p level.

Not sure how people can say with news it will be bla,bla, bla. - it will obviously depend on the news - it could rise 10% or 300% depending on the news - or not at all.

I personally don't think it will be a 0700hrs RNS tomorrow - maybe intraday, or Friday would be my guess. If nothing by Friday then I would expect this to rise before Friday Close on anticipation.

"It says Assays are on their way from Perth" If we take this at face value then they will be through Secure Electronic Delivery via secure email or client portals /APIs or secure FTP links. The Company geologists will verify, (compare with duplicates, blanks,standards). Only once QA/QC is complete will they release info to the markets (RNS).

So if they are on the way, don't expect the RNS immediately - the Geo's then need to verify and Company compose the RNS and what the results mean to the company.

I think we may get something tomorrow, but more likely Friday which could also contain an update on the ongoing drilling on Red Setter.

Exciting stuff

Drill Baby Drill

Https://www.linkedin.com/posts/expertgeophysics_london-south-east-the-uks-favourite-investor-activity-7368822548341420033-zZG8?utm_source=share&utm_medium=member_android&rcm=ACoAADCPrDABtdvpamoLqi7BfS4ZxGMF2PiA3k8

"Assays on their way from Perth". Shouldn't be long now. Tried getting in touch ☎️ again wuth ALS (Aus) bur no info to share.

Also great to see Drill 2 hopefully going great guns - alyjough not entirely sure where they are but the tweet at Redsetter sounds like all is on track or better - you don't tweet if it's delayed or run into issues 🤔 if reports are true that it's turning right 24/7 then that great news. Also tbc

Those saying it's still too early for anyone to know what the Cores contain need to get up to speed.

👉Wishbone look to be using ALS Global labs for the core results.

👉ALS Global are one of the few Compnies that can offer Photon Assay (Au-PA01) analysis - well suited for course gold mineralisation with immediate results on small samples - Google it.

👉ALS also offers "indicative results within 72hrs on a limited number of samples" samples (head grade, mineral ID, density etc).

👉 For Fire Assay on limited samples 72hrs min. For multiple samples 1-3 weeks max. Quicker if urgent analysis has been requested (and no doubt paid extra for).

The company (and probably a few others 🤔😉😉) will have a very good idea of what we are looking at.

👉 The second picture below shows the Cores laid out in the Perth ALS lab. Impossible to suggest the DL and the Geo's do not know exactly what they have - and would they really post this if not confident what they contain.

https://x.com/davidlenigas/status/1962718499366687205?s=52

ALS Global - Not Intertek who they used last time and many, including myself assumed they would use. They have gone to the very best).

Wishbone are using ALS Global for the Red Setter Test Results as the picture below shows.

👉ALS Global are at the top of their game with the latest statr of the art metallulergy techniques.

👉DL will have initial core test results within 72hrs. Would he really post this picture if they weren't on the ball.

👉A quick ALS Global search on chatgtp shows the Assay turn around times for core results. The companynwill know and could release them at any time this week.

https://x.com/davidlenigas/status/1962718499366687205?s=52

Drill Baby, Drill

Https://x.com/davidlenigas/status/1962718499366687205?s=52

The smile says it all. IYKYK.

Guys, they are not competing rivals football clubs ffs or battling for customers. Another huge discovery in the area would be great for both companies. People

Pretty sure that DL even congratulated Greatland today or yesterday on X mentioning the gold price and rise etc.

Also the nonsense about license applications is just that. Old news and not what the unresearched chances would have you believe.

Skipy, Anlytical quotation from the lab at Intertek mineral centre of excelencee- results in 15 days provided they do not need regrinding or are overly wet. And the lab is manned 7 days a week now.

Samples sent 20Aug to arrive 21st Aug.

2 years ago (2023).those would have been 2-4 weeks for results.

2025, the Assay results can take around 2 weeks depending on the labs priorities.

So yhe results could arrive this week or ot could take another week or so. Either way it doesn't matter when they arrive, it's the results that count.

But the core samples only confirm the multiple other measures that the company have employed above and below surface to predict and map this discovery - early days but I think they may well be traformational for this Company. Then a deeper drill and step out holes to further prove up and map the scale of the breccia chimney/s.

And money needed for drilling now for the lab analysis and for a processing plant etc etc .

Panther metals need to be up front with shareholders on where the cash is coming from.

Need more than just beginning to start the application.

May look at possibly top-slicing at 10p and 20p, depending on what other opportunities are out there at the time and how big Red Setter actually proves to be. Tier 1 asset and the money says in here till we are taken out. Have a great weekend - next week could be interesting 🤔🤞😉😉😉

Ot matters not at the minute if it hits 2p or not. When we prove up what is in the ground, drill by drill, then that will dictate the share price. First step will be the initial results from Red Setter possibly due early next week.

We also know that our top team flew to Australia 4 days ago - with a very busy schedule. I suspect 😉, that those meetings included talking to some of the main players - we may get a hint of this over the coming days or as part of the Red Setter Core Assay results RNS next week.

Oops, run out of space - so as I was saying 🤣🤣🤣

👉Google Havieron and Telfor on Western Australia to see what we are potentially sitting on. Havieron starts about 500m below surface and continues to 1200m. Telfor is shallower but continues to about 1500m. (Sweet spot 500-1200m).

👉Red Setters first breccia intersection was 580-722m, very similar to the upper mineralisation zones at Havieron.

👉 Going deeper means they may hit higher Au-Cu core, Stonger Breccia Cementation and possibly the intrusive source driving the brecciation

How do we try and value Red Setter (RS)

👉 Majors will pay between$US 50-$150 per ounce of AuEq IN THE GROUND (depending on grade, LOCATION, SYNERGIES and depending on CAPEX costs to get it to production).

👉Since RS is located about 10miles from the Telfor facilty (Mill + Flotation + Gravity Circuits) and the ore is similar - then the ore could slot into the existing Telfor mine. (Telfor has capacity as its own reserves have been declining). Telfor has also set a presedent in taking 3rd party ore in recent years from further afield. Trucking the Ore to Telfor is probably the most efficient and least costly path production.

So what size is RS

👉2m oz AuEq (a relatively modest find) value based on the above would be $100-300m)

👉5m oz AuEq (equivalent to Haveiron Style footprint, value $250-700million).

👉10m oz AuEq (classed as a Teir 1 Company maker, $500m - $1.5billion).

👉Due to the location (strategically truckable to the Telfor Mill, relatively small Opex to develop and simulator ore) - then $125-150 oz Au in ground is achievable. Maybe more given the rise in gold prices.

👌 Do your own research guys - but I see this to have a 10 - 50 bag potential here. 🤞🤞👍

DL taking this placing is a master stroke, as it means that they still hold on to 100% RS footprint with a fully funded drill campaign - the longer they hold on to 100% and prove it up, the better

Greatland who own and operate Telfor will already be keeping a close interest in developments at Red Setter as will other major players.

☀️So what have we found so far :

They will already have a good idea what they are looking at by carrying out Gravity Surveys, Magnetics, IP and resistivity testing etc, step out holes will confirm.

I think the giveaway here though is that they have decided to drill the original deeper - they would only drill deeper for the following reasons:

👉 To test the feeder zone (engine)

👉 Breccia formations are verticle conduits.

👉 Feeper levels are closer to the Hyrothermal Source.

👉 The Deeper zones have far better grades - more sulphides, more gold-copper.

👉 Drilling deeper tells you if you are neer the core of the system (where the big prize is) or just the upper halo.

👉 You don't go back and drill deeper if the first drill didn't show hugely positive initial drill bits, backed up by all the clever stuff above surface.

👉 so basically they know they have hit a Breccia Chiney system - by drilling deeper, combined with possibly a couple of step out drills - they will find out if they have just found a stand alone breccia chimney (amazing on uts own) or part of a gold-copper system like Havieron or Telfor. Either are company makers- if it ms the latter we could be looking at acerage literally worth billions.

👉Google Havieron and Telfor Mines to see what we are potentially sitting on. Havieron starts about 500m below surface and continues to 1200m. Telfor is shallo

Correct - WSBN is fully funded for the next drill phase, minimum Capex to production with a possible huge multibagger potential. Panther has the same huge potential but just needs to clarify some financials - how to fund the tailing recovery exploration and the processing facility .

GC56, yep my notes are from last year, forgot the Greatland Gold bought out Newmont Dec/Jan time. Still makes no difference to the fundamentals and potential I posted.

Micky. 5p will be disappointing- times that by 10 if we find the mothership😉

Here is why:

👉 So Majors will pay between ** $US 50-$150 per ounce of AuEq in the ground (depending on grade, LOCATION, SYNERGIES and depending on CAPEX costs to get it to production).

👉Since RS is located about 10miles from the Telfor facilty (Mill + Flotation + Gravity Circuits) and the ore is similar - then the ore could slot into the existing Telfor mine. (Telfor has capacity as its own reserves have been declining). Telfor has also set a presedent in taking 3rd party ore in recent years from further afield. Trucking the Ore to Telfor is probably the most efficient and least costly path production.

So what size is RS

👉2m oz AuEq (a relatively modest find) value based on the above would be $100-300m)

👉5m oz AuEq (equivalent to Haveiron Style footprint, value $250-700million).

👉10m oz AuEq (classed as a Teir 1 Company maker, $500m - $1.5billion).

👉Due to the location (strategically truckable to the Telfor Mill, relatively small Opex to develop and simulator ore) - then $125-150 oz Au jn ground is achievable. Maybe more given the rise in gold prices.

👌 Do your own research guys - but I see this to have a 10 - 50 bag potential here. 🤞🤞👍

DL taking this placing is a master stroke, as it means that they still hold on to 100% RS footprint with a fully funded drill campaign - the longer they hold on to 100% and prove it up, the better

Newmont (formerly Newcrest) who own and operate Telfor will already be keeping a close interest in developments at Red Setter - could DL actually be having a nice informal lunch with them as we speak 😉😉😉😉😉😉

Can't disagree - but would say that this is between a 19 and 50 bag potential as posted a couple of minutes ago. Need to prove this up fully which is what the deeper drills and step outs will do. And we have the funds to do this.