Member Info for CRK22

Thanks SDteve,

For those interested MRE technical report underpinning the valuetion

https://josemariaresources.com/site/assets/files/6562/josemaria_technical_report_fs_20201105.pdf

page 6 Table 1.1 contains the summary data,

interesting comment in section 1.11

The Josemaria project is to be developed as a large-scale open pit mining operation. Over 1 billion
tonnes of ore will be mined at average diluted head grades of 0.30% Cu, 0.22 g/t Au and a strip
ratio of 0.98 over a 19-year mine life. Due to the continuous nature of the deposit and the low-grade
mineralization that exists along much of the reserve boundary, the impact of both dilution and ore
loss will be minimal to project economics

Good contextual info thanks for the pointer Steve

Hi Steve , I'm aware what they used a low cut off as did CV in lachlan fold, however neither of those have yet been sold (to my knowledge) or been financed to produce anything so its pie in the sky until the bids go in I guess.

Worth bearing in mind that the acceptable cut off can only be lowered in line with increasing copper values. Can't just be lowered to get contained copper up if the price won't support opex. I'm not suggesting that's the case, simply pointing out the relationship

GLAH

Bed and ISA is rubbish. You join a long queue at this time of year and lose all control of when the trigger is pulled in terms of sell and buy back wrt spread. I had some cash in my ISA account so cancelled my bed and ISA and did it myself. Cost me an extra transaction charge but allowed me to do it on a red day which takes up less subscription allowance. Mine was interactive investor, no indication on timescale so i GOT FED UP AND CALLED TO CANCEL AND DO MYSELF

Hi Pepe,

Just click on Andrew’s username and look through some of his historical posts for valuation views there’s some decent valuation discussions in there. There’s some from other posters also but Andrew’s tend to be a little more frequent and recent. Enjoy!

imo Q2 timescale feasibility is only for starting a conversation/process with AA following "decision to mine" "or 2mt modelled" announcement. Am waiting patiently on this one and in no rush

For any unfamiliar with a Tomlin order

https://en.wikipedia.org/wiki/Tomlin_order#:~:text=A%20Tomlin%20order%20is%20a,a%20form%20of%20consent%20order.

Key phrase to pick out

"The order is named after High Court judge Tomlin J (as he then was) from his ruling in Dashwood v Dashwood,[1] that such an order kept the proceedings alive only to the extent necessary to enable a party to enforce the terms of the settlement."

Just in case anyone wonders why the RNS indicates OK court action is suspended rather than discharged.

All good folks. Lets see where the BOD can take us now.

seems like RNS has finally caught up to the tweet

Rob, its getting to the stage where you really need to contact XTR directly with your question/assumption. There's no supporting evidence to confirm your assumption or question so go to the horses mouth may be best if you want closure I'd respectfully suggest. There is no poster on this BB or answer (other than agreement) that is likely to give you the level of certainty you are after from what I can see within this thread.

As long as you are only stating an opinion that's fine but I can see nothing factual other than reference to loose wording released in RNS that seems to have got you energised on the matter

GLA

In a nutshell yes, people will believe what they want and once they state their opinion it tends to become entrenched.

This thread reads like that.

Personally, I believe the level of detail required to make a claim for a quantity of contained copper lies only in XTR domain at the moment.

Nothing in this thread conveys any real legal insight into the nuts and bolts of the contract between AA and Prospectore.

Any experienced commercial lawyers commenting within this thread feel free to chip in.

Have a great day folks

Cheers turtle, agree completely and am keeping fingers and toes crossed for a deal to get to completion.

Overwhelmingly positive. The single cautionary note that tells me not to get too wound up in an immediate transaction is 14 mins 30 secs in when NvS caveats Remy's forthcoming answer to an investor question by saying its prudent to have a plan in the event of a transaction not taking place.

Earlier on he clearly states however that there IS a tabled offer.

Have listened twice now and I'm happy with my position.

GLA

15 years is quite the stretch Tricky!

He’s one of those people that can’t make an impact or maintain a social life in the real world so online trolling is their thing. Shame really and I hope they meet someone that can help them out of their shell as it’s awful to feel that someone is locked within their fears of their own inadequacy like this. Hope they get the help they need.

OutofLuck, with a 2.2m holding (82.5K current held value) I will expect to be hearing your questions raised in the Friday conference call.

Ella, I'd expect your attendance and questions to also feature. I will be attending via zoom to get an update and to get some context on my modest investment.

I'm invested here and in XTR and have to say Ella that your posting between the two boards is very Jekyll and Hyde, settlement of court cases is a positive and answers some concerns you raised which didn't get a fair discussion here but once answered by settlement seems to just bring you on to the next negative. If invested then all questions are valid but I would expect you to try to raise them at conference call as that's the place where a meaningful answer can be obtained and then afterwards dissected. Same goes for you OutofLuck and with 80K sunk value its in your interests to turn up and ask away

Good luck all

Steve hence my XTR SOLG comparison - its cut and paste ready for any threads he appears in now. He must be fairly miffed

I love comparisons

1 month: SOLG -12.7%, XTR +14.5%
3 month: SOLG -2.3%, XTR +24.8%
6month: SOLG -15%, XTR +48%
12 month: SOLG -11%, XTR +18%
24 month: SOLG +36%, XTR +574%

Sage Thisgoesdownigo returns

previous post 6 Jan XTR SP 5.7

Conspicuous absence

Next post 14 Feb XTR SSP is 6.35

Dude's opinions are trending in the wrong direction

What are you invested in may I ask? Posts seem exclusively XTR and negative? I've heard about avoiding having all eggs in one basket but its equally poor strategy to have zero eggs invested in zero baskets.....unless its a post based ego investment.

Back to your bridge troll while the day still shows red

Defining extents of deposit, still typical grades but deeper before they are encountered. All part of the process. Let's see if SP holds on to recent gains

GLAH

Personally a more gradual creep up is fine by me, consolidate and backtest 7p and discourage non sticky hands from releasing to traders.

Exciting times