Member Info for earthling

I think the idea of taking this to production is part of his game plan, rather than a genuine hope to get a small explorer to production stage. That's where I would question his motives.

In summary, he has played a blinder thus far and will no doubt continue to do so.

Not going any where until the end game here, however long it takes.

I can see is we sell Alpala, get a dividend payment for it, keep shares, even get a few free shares in the major thrown in as part of the deal, then we repeat the process in the model.

Its a no brainer and was a stroke of genius on NMs part, lets hope he still has that and hasn't let his ego get in the way of good business and share holder value.

t this stage with the risks involved no one is going to pay 4-5 pounds a share at this stage I think offers around 120 yes, 4 fold from here, once MRE2 and 3 and PEA this may change the situation NM is good but I’d he is also being realistic about take over price there are many of us here who would be happy for offers over 1.20 for Alpala, giving us the chance to find more Cascabels, possibly even better resources near by That was his model he sold to investors from near the beginning and IMHO it’s one he should stick to

During the dips But it’s the nature of the game, especially when big boys will want to get in even cheaper, there is always a way for them to do so It could be early next year we see a re rate but I am betting we get a substantial increase from here in early December The MRE2 may spark other majors to make a bid and then it’s game on NM has played a good hand in telling the market he wants to take it to production, personally I hope it’s just that and we get bought out. I’m putting my money into this because I believe this will happen When there are 3 or 4 in the world with better credentials so far, with potential for massive increase in resource and grade from here, for me it’s a no brainier

That makes total sense and I agree 100% Let’s hope NM is on the same page as us with this

IMO its a shame those ultra high grade intercepts won't be included in the updated MRE, I personally don't see why they couldn't be included and have the cut off from today for instance?

.does it take more than month it together?

I understand they need a cut off, but did it really need to be October to get it done by December.?

Any how if thats the way its going to be then so be it I guess, at least we know these intercepts are further developing the high grade percentage and maybe an MRE 3 will come early next year? before the PEA? Surely the new intercepts would be taken not account before the PEA.

A bit more patience required, its funny how the closer we get the less patience I seem to have lol Been here over 5 years already so what another few months.

More to come after MRE2, including the high grade which they seem to be hitting of late, it’s certainly reasonable to expect one of the majors who are interested in this making bid after the the PEA Bids could come any time which for me it’s too risky being out I remember just days before latest BHP stake at 45p one of our friends on here advising people to sell and wait for retrace That didn’t happen! The opposite happened and this could well be the case from here again

Is already there re increase in high grade from recent results, although these eillnprob not be on the MRE2 It’s not like the market won’t see these latest results Whether they take hem into account is another story Just has been said it could just as easily go up from here towards 60p I shall be topping up on any weakness, although I’m not expecting to be able to get in much cheaper over next 8 weeks

I never thought for one minute there was anything sinister The grades do the talking here

yes indeed, phenomenal grades.

Are outstanding It’s like we are accustomed to these amazing intercepts being released but it is very encouraging indeed IMO I isn’t have any concerns about updates MRE just curious about why only 80k metres being added on rather than the rest of it As has been said though they needed a cut off as we are drilling continuously Still expecting some great figures just in time for Christmas

NM isn't wanting the market to know the full extent of just how good this is? the only reason for this is that he doesn't want to this to be sold yet IMO?

Could be me being a touch para I guess, but why not include extra 30km of results into MRE2?

I get the feeling this is all about blocking hostile take overs from here.

A luxury problem I guess from where we were not so long a go.

I have emailed Ms Legge to clarify why they would do this.

why release MRE2 if there is another 50k of drilling to add on top of that by the end of year?

I guess there is no reason why they cant release another one in Jan, maybe before PEA?

I'm not sure of the benefits of releasing 80k of drilling when there is much more to be added re the 50k extra by the year.?

I'm hoping they include todays results in the MRE, although this may not be the case?

Any thoughts and why this is being done?

treble the amount of drilling from the initial MRE, so if that woke the market up, I'm confident this will de risk us massively in terms of economics, particularly with the expected and capex savings.

I think the drilling will continue on Alpala eg adding to the resource into next year, if we don't get bought out before hand.

I'm guessing the revised estimate will be based on drilling up to the end of November, giving them a couple of weeks to amend the figures for indicated and inferred.

feeling positive about it as they also have a better understanding of the system(s) and where they believe the high grade stuff is.

at these levels?

A hold and wait should see a decent return once BFS arrives, or before if drilling results prove to be whats expected.

Done a bit of research here and it would seem an indigenous miner would be ideal to take this on either in a JV or buy out.

With copper deposits set to become even rarer going forward the grades and volume are decent here.

Fairly happy with my entry in the high 5's, especially as we were at 10p very recently.

I will continue to ignore our resident chartist and follow my own strategy of buying low

exactly, agree with all of that, you're on it.

from those 4 points, the biggest risk factor for me is the percentage of high grade v costs of building a mine

The biggest potential upside will come from a buy out or if we hit another sweet spot.

Either way it is a waiting game and I agree that I personally would not want to be out of this from here,

I'll be topping up as and when I can as I expect a re rate late December/Jan.

There is always risk but in terms of risk v reward from here, I don't see many other plays around with better odds.

I would love to hear about them though if anyone would care to share.

on 50% plus already, plenty more to come over the coming months IMO

de dums, no one cares that your limit order wasn't filled, you've only been here 5 minutes.

For an expert you don't half sound like someone who isn't