Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
One thing I've learned over the years is having multiple small customers is preferable to the big contract.
The latter puts everyone under pressure, the former just keeps the cash flowing.
I thought the Rns was very confident and the interview is equally so.
Colin described it as very big but also that he's expecting to find a core , presumably at the centre of multiple porhphrys.
I like the calm way in which he referred to the need for high quality technical analysis.
No bull, calmly confident.
It works for me!
The footnote that hole 6 is still being drilled is the key for me.
I'm not a Lth but have built a substantial position which I'm happy to increase as money becomes available .
In a lot of ways we don't want the herd with all the idiots that brings.
I made a small top up as I think Monday without an Rns is significant.
If the drilling had finished on Saturday/Sunday we would have been told which makes it likely that it's still going on and that means the volume of mineralisation is going from big to bigger!
Colin has hinted as strongly as he's allowed that Bushranger is going to be a viable copper mine.
As hole 6 is the last of phase 1 I would expect Colin would want to keep the interest going for as long as possible.
However if it has struck another porpthry as he seems to think then maybe hole 7 will be required yo establish it's size.
I too would love to see 3D modelling but the most important thing is to be patient.