Member Info for Doog58

Hello CE
I appreciate what you have said but they would only be able to aquire a few percent before revealing their hand, which they would not want to do at an early stage.
Its possible with their large war chest that they could make a pre-emptive bid.
4NT!

An interesting debate.
I tend to feel AA trying to build a position might well be counterproductive once they had to start declaring, as a stampeding herd may well force the price above what a more orderly Jorc fair price would produce.

I think its also worth noting that economy of scale ramp up the bigger it gets.
It's not linear.
This will increase value.
If Colin's core is proven this also adds greater value as it allows capital costs to be covered and the rest is relative bunce.

I think the 2 Mt is the trigger to a commercially viable mine, however bearing in mind the copper price is significantly higher, it would probably be 1.5 Mt now.
If it's twice the size us many times more commercially viable.
Economy of scale etc.

I agree .
Colin's tone has changed from excitement to calm confidence.

Benhowell
As Cronford's estimate was 80% of 2, if it comes in at 4 then could we extrapolate to 80 or even 100 if its 100%?
It would make calculation easy!

Whether Steve ramps this share or not it will get where it deserves and imho that is a lot higher than this.
Patience will be rewarded.

Come on guys.
Steve is a good poster and we have a mature board here.

Good morning.
It will be very interesting to see if we get an Rns today.
If not hole 6 is going to be very deep.
I suspect mineralisation at 1000m has already been found.

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.

Its the first time beyond 1000m has really been mentioned which would suggest hole 6 is still hitting mineralisation and is indeed at that depth.

The over riding aspect for me was the confidence.
Expect a very positive Share talk.
The 2 Mt mentioned almost dismissively, as if its going to be much bigger than that.

Hole 6 is still drilling.
Must be over 800 m by now.
Geophysical survey starting to see just how deep this goes.
More mention of 2Mt.
Very confident

Hole 6 is still drilling.
Must be over 800 m by now.
Geophysical survey starting to see just how deep this goes.
More mention of 2Mt.
Very confident

Can we please keep this about XTR.
No Rns is good news

Douglas Wright has gone over 5%.
He's obviously confident.

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.