Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I topped up Thursday,Friday and Money.
Mightingly tempted again.
Nothings guaranteed but this looks a pretty sure fire turnaround success.
It wasn't a basket case before just caught in a bad place by a set of circumstances.
Chances to really change one's financial position don't come up very often.
I genuinely believe this is one of those opportunities.
I thought it was a very understated Rns but you don't get 3 further opinions unless you're pretty excited by the results .
The head of the EM co, Cas also seems very excited.
Patience will be very rewarding.
LittleWing
My understanding is that AA would need to pay more if they wanted the whole thing.
That is also what John Cornford wrote in Feb, I think.
It would make little sense to bother drilling Footrot etc if there was no benefit beyond 2 Mt.
Just listened.
Colin is expecting grades to be averaging high 3's to low 4's.
This means we will need to drill minimum of 16000m and up to 20000m to prove up 2mt.
Porphyry extends in all directions.
We need special rigs to drill down to 1500m.
He's confident but only way to prove is drilling, hence the raise.
Also other targets within Racecourse for other porphries.
AA drilled one hole in Footrot which went straight into pyritre(Fe).
Colin is suggesting drilling to the side which should find the chalcopyrite(Cu)
2mt in Racecourse plus other porphries plus Footrot.
'But I am, of course, only talking of Xtract’s Racecourse prospect, which is side-lining its others. These include its adjacent Bushranger licences (which are not part of the AA buy-back agreement) and its Africa projects which are on the verge of generating cash (though small beer compared with Racecourse’s potential)'
This is a from John Cornford article in Masterinvestor.
25th Jan 2021.
Remember last night's close was an inflated UT.
Accounting for that we pretty much level or slightly up.
My reading is that results will be much better than anticipated and we're significantly higher as a result.
The copper is bring mined and it gets ever more valuable.
That's fundamental.
It's also a vote of confidence.
Nobody trolls a bad share!
As I said yesterday Paul said a few weeks ago that shares are the only things people don't buy in a sale, saying he wished he could buy more.
Now he's allowed to he's put his money where his mouth is!
You know it's a good share when the trolling starts!
I like the Xtract area being described as the Bushranger discovery.
The electrification of everything will be the story of the next 30 years.
Once Covid is under control, global warming is going to take centre stage.
It's hard being patient but we will be rewarded.
This is Colin' s legacy.
Sale time!!
Told you it was sake time.
PJ just helped himself to another 500k!!
Remember this share is in the 'sale' phase.
I honestly believe we have a short window to build up our positions before a flood of news.
That's my birthday and I will be on top of Snowdon.
Been in since 0.27 and am very confident of 5 bagging by this time next year.
I've been in for a couple of years and am confident this will be sold for considerably more than it is now.
Delays are inevitable in Covid times but look at the head of steam which is building.
Going to be multiple assay results.
I lustened to the radio 5 report on the surge testing.
Every resident and worker in Lambeth and Wandsworth.
All Pcr as its more accurate.
I think the breath test (deepverge) could be more of a long term challenger to Pcr but plenty of legs yet.