Member Info for earthling

I beg to differ, he's not fine at all.

To post to our friend Jimbo, and thankfully resisted as it would have got me banned :-)

30 sells is hardly a sell offf! lol

with Timok, the main point is that's been taken now, and what else is there out there at this stage?, there are a couple but not many at all, and this is set to continue as large decent grade resources are expected to become even rarer.

When rather than if this gets developed by a major, unless we become one, which has its own benefits going forward.

I still think its just too big for us and Newcrest but NM may prove this not to be the case, particularly if they find a high grade shallower asset such as the gold at BN, which he has hinted at strongly. then bootstrapping the high grade copper core to raise funds.

more patience required but I get the feeling we are getting closer to a bid as the revised MRE approaches, even more so when basic economics are confirmed in the PEA.

Very exciting times for those of us who have been here several years now, over half a decade!

Stage Sorry typo

Is this is a world class copper- gold discovery and it’s very big and growing As they are getting rarer IMO it’s just a matter of time rather then if this gets developed By who is the question we don’t know yet but these things are never set in stone What ever sathe we are at we could still be bought out Look at the recent Ramgold action

Of becoming a global copper-gold major, then it will take time I’m in no rush Not sure how a conditional complete funding package would work or debt if we get bought out ? Do they take on the debt as well? If NM wants to sell Cascabel giving us the funds to explore the other projects, then surely he would wait for bids before getting a load of debt ? Doesn’t necessarily mean more dituion though.

as soon as we have a down day, the resident clown turns up.

absolute joker!

Exactly!

Despite those reasons these assets get bought by majors That’s just how it works They have the funds to do it, we don’t I know NM Talks of this conditional total funding package but tbh it’s not likely IMO nor is it likely the government will pay the billions towards mining it as you suggest, unless I miss understood your point ? Ecuador is a risk but it’s getting less so and BHP said specifically they see it as highly prospective and they are very keen on Cascabel That being the case they will only get it if they pay what it’s worth in a sale. Exciting times and bids could come any time IMO

I get what you are saying, but if a major wants to buy it, the further we go the more expensive it will be.

I agree NM won't accept a silly offer, but they have said they would take an irresistible offer, and the majors know how good this is going to be and how rare they are now and likely to become more so, going forwards.

Sounds like you are saying you don't think we will sell it? You could be right but I disagree.

And gets even better surely the majors will want to make a bid before it gets way more expensive to buy Eg after PEA? It’s been quiet in the background I would imagine those majors who are serious about acquiring a world class copper-gold asset going forwards, will be preparing to make a move Personally I think this will happen before the end of the year

Re us being a take over target One way or another we should see good gains from here IMO When is the difficult question to answer

Bids come in, no more funding required If bods are rejected we’ll be at a much higher SP so I’m not onerous concerned about further dilution We have a monster, it costs money to explore, that’s the nature of this game But all heading to the right outcome for us share holders I’m happy to hold if we take it to production for bigger gains later on, however I am confident Cascabel will be bought, allowing us to develop another project in Ecuador, as in NMs model

is that a bid(s) could come any time leading up to and post revised estimate.

Got to be in it to win it

yes on slide/page 24 is does say 821m at 18% copper, then underneath says in red capitals "not a typo'

Not sure where there is?

Any ideas people?

the western lobe is an added bonus to the Alpala asset and IMO Nm will make sure we have this included in the updated estimate, hence why more rigs back.

i predicted this last week.

Some of the grades in these latest intersections are outstanding and it bodes well for the economics of the mine.

Looks like a very good Christmas is on the cards for us

Roll on the bidding war! ;-)

of course there will be sellers at eery stage, thats what makes the stock market

Very few sells this morning compared to buys.

Jimbo

and its getting better.

Who would want to be out here over next 8-10 weeks? not me for sure!