Member Info for earthling

If you are savy you wouldn’t trust a word he says on here IMO re filthy

Exactly You should be carful mate, started to make sense in that post lol

When some of those who recently joined us here are already starting to complain about stagnation lol Jes wept, hate to think what they would have been like here in the early years

actually blue, just!

.. that BC and his team will be kicking themselves they didn’t get in early and stay in here The rest of us LTH’s could see the potential, knowing the high grade needed to increase to improve economics, I’m betting we get a significant increase in high grade confirmed in the updated resource estimate As for him shorting this, where is the evidence for this? I haven’t seen it and doubt this will be the case, firstly it’s not what they do and secondly with major news around the corner it’s a very risky strategy I suspect it’s more like someone on here made that up and through Chinese whispers it’s now become a fact on the BB

Indeed

the Size and grade of the high grade core is what will determine the viabity of the mine using block caving The rest lower grade high volume is important as this then continues to make profit as the high grade covers the intial costs of Mining For me it’s important to remember there just aren’t enough decent grade huge volume deposits being discovered and just as importantly this is expected to continue as time moves forward The major minors need these resources to continue doing what they do and the NC and BHP stakes confirm that this resource(s) is to be taken very seriously It was a Newcrest member I believe who commented after the intial MRE “That’s a mine right there” As experts in block caving and with the figures set to at least double I think it’s now a fair presumption to say this will be economic Clock is ticking, all the ducks lining up Looking forward to the next major Interest from a major. Someone like LUNDIN could make a bid or the Chinese, to really heat things up and be the catalyst for a full on bidding war As it’s likely more than one major will join forces I don’t think it will be too long before we see these corporate moves to take over Cascabel or the whole of SOLG I shall be buying more in the morning

Doesn’t bother me here I think it’s risky at this stage here, especially with what’s ahead near term but any weakness in price will be bought into strongly IMO Just weeks to revised estimate and then PEA

nicely now, not really surprising considering where we are at.

thanks, stick around you might learn something yourself :-)

exactly, thats the way I see it too.

It may be deep but its not like there are several alternatives at this stage of development with shallow, high grade, very high volume long mine life, alternative plays out there in safer jurisdictions, with better Capex savings, than what we are likely to have.

Its looking more and more like a good bet to me as time goes on.

We are now being recognised by the experts as a serious take over target, even 6 moths ago this wasn't the case.

BHP making move has changed the game here, they know what they are doing, I presume, as do Newcrest.

Could it be much better in terms of risk v reward?

As I said right at the beginning of our journey, if Carlsberg did small explorers. :-)

Like many here I've stuck it out through the months of abuse from certain posters, and the again more recently up to BHP getting involved the main crisis had s left town.

The new more recent experts who turn up and then leave, we have seen it all on here over the years.

I don't doubt They will be back in a flash like leaches on any weakness, but those periods are looking less likely IMO as time goes on now with the updated MRE expected in just weeks, closely followed weeks later by the PEA, which will put some substance to the economics.

Even fag pack figures give us am astonishing potential return from here and I'm fairly confident Newcrest and BHP have used more than fag pack calculations, despite what the doom mongers persisted with on here.

Yes it is a great position to be in I think it would need more than one major to buy us out And there is no guarantee at this stage they will find another one better when our concessions, although there is reasonable chance But why would a major take this risk when they can buy one of the best discoveries in decades ? Aso it is likely to be another year at least before another one is confirmed as world class My bet is NM has put off bidders until we get the revised MRE at least and possibly the PEA The majors are not daft so they know there is no point making a low ball offer which would clearly be knocked back and that’s why we are on this transition period There will be no doubt be corporate enquiries going on in the background It really is like a game of chess and I think NM is playing it safe so we don’t get a hostile take over at this stage Patience will no doubt be rewarded for those of willing to sit it out

I agree with you DG, there maybe short term fluctuation, thats the nature of the game, but its looking safer at these levels with every week that passes IMO.

Defo holding for at least a pound, however long that takes. £2 is also real possibility depending on the economics

With recent BHP interest I personally don't think this will be far into 2019 before things really heat up re interest from majors.

Even if we keep a part to take production, any majors will not get this cheap off us with NM at the helm.

I'm not sure if I'm honest whether NM genuinely wants to take this to production or not, but either way this is looking cheap with the potential value of a producing mine and with copper demand set to increase over the next decade and beyond.

I'm in a few copper plays currently and willing to wait it out for things to start moving on this front.

lets face it a doubling of the tibial MRE is virtually in the bag as we have trebled the amount of drilling since initial MRE.

Question is how much has the high grade stuff increased as a percentage of the whole resource. By looking a the pictures in presentation those newer red lobes look very juicy indeed to me and this could be partly be why NM has slowed down the news flow to hold off a cheap take over .

Even if the overall grade of the resource hasn't increased the economics come fro the volume of high grade.

I expect brent cooke may well be doing another analysis of mining this deeper high grade core once the new numbers come out. From what i interpreted it was close last time to justifying a mine and that was just from the initial MRE.
With capex savings at Cascabel also in the mix I see this now as a lower risk play than it has ever been to date.

soon as we approach December, one has to be in it to win and I don't expect to be able to buy at these levels in a couple of weeks.

That’s a good question I think this is where they will be at currently, re their developing understanding of the hand or sweet spots and just how deep we would need to go to reach them, that’s if we haven’t already? Been a long wait since last drill results and assays, one wonders why they seem to have chosen to not release any for this period? I suspect it is good news and all part of the strategic play now, re holding off a cheap bid until a more solid resource estimate is confirmed and released to the market I have a feeling BHP will not be the only major wanting a peice of this, bit like an auction where a new bidder comes in at the last minute to up the stakes and tries to secure the deal, that’s when a real bidding war is highly likely IMHO

Going to be one of the biggest ever Just a waiting game now, it’s increasing the high grade stuff that’s important as the mining costs for block caving are higher than open pit, as most are aware of It’s the Increased percentage in this high grade stuff that will be the game changer here I suspect from the recent presentation this will continue well into 2019 re proving up more of the high grade resource, unless we are bought out before, which is a strong possibility IMO

exactly, but plenty on here have fallen for his b-----

you crack me up, you don't have me filtered, you cant even be honest about that

Why do you feel the need to always be right, about everything all the time ? Clearly you can’t be And abusive too when someone rocks your boat I’d say you got in a bit to heavy for yourself on the spike and are already in the red If you believe in this then chill out a bit Trust be almost all of us here have been there also

To be fair, I think you’re the one who needs to give it a rest