Member Info for earthling

Why only 11mt as an estimate?

Exactly That’s what I’ve tried to say all the way through re grades Don’t have 0.9 yet but the high grade core on its own is outstanding and hopefully growing. MRE already 120mt at 1.8% and a billion at 0.68 With potentially an extra 50% additional already We may well get 1.5 bt at around 0.7 ave with a high grade core of maybe 200mt at 1.8% For me this is outstanding and one of the best finds in decades, regardless of the fact that future mines will have average grades as low as 0.3-0.4, also meaning the price of copper will continue to rise for miners to make a buck or two And we have just scratched the surface in the big scheme and this is why I believe the potential is staggering, despite what we have heard on here for 6 months now day in day out from the circus

It seems accepted among the experts that the ave grade for copper mines will decrease over the coming years In order for miners to make money on these mines the price of copper is Likely to continue to rise Also it makes sense that higher grade porphrys such as ours will get snapped up Getting exciting now as we get closer to resource update

So which rigs currently on site aren’t exactly knocking the lights out Ronin? Unless you are mystic meg you have no idea what so ever what the current drills are finding Another fact for the clowns

I personally think it is more of a strategic play holding back there rather than it not being up to scratch It gets like a chess game from here re cornerstone IMO I am very confident NM will make the right moves at the right time even if we don’t always understand it from the outside Tbh though it’s about early to be proposing this as it was only weeks ago that a second rig was supposed to be moving to Aggy These big drills take time and then more time for assays I think as we get closer to the end game out patience can be in short supply It’s huge this and the grades are good to excellent for a resource of this nature Fact! Which seem to be rare on here last 6 mo the

17th April RNS I’m not going to cut and paste I’m presuming you can read? You know what I wouldn’t be surprised if you can’t

Read the April update

It is currently 0.68% already well above ave for a porphry of high volume with high grade core at MRE of 120mt at 1.8% Both these figures will increase in next update as we have had 11 rigs turning for months If you are not happy move on

this why the clowns need to be challenged at times, just not true what Jim states, AG or the several big players who already have skin in the game here. NM or the clowns views, Mmmmm its a close call lol

It’s the high grade core that’s important IMO MRE was 120mt at 1.8%, if this increases significantly with additional resource we are quids in It’s likely to according to NMs comments thus far

correct my friend

If it wasn’t clear then we wouldn’t have had so much interest from majors already This was before the MRE and since then we’ve had 11 rigs turning for 6 months :-)

The revised MRE will be a major milestone according to NM, that’s why he is waiting until there is no doubt about this resource for the market Then of course we have Aggy, if the grades are good it’s a win win Then the other tenements whereby there could well be and it s looking likely that there are several ore bodies of economic quality all owned by us, for now

It’s not just about the overall grade for the whole tonnage, it’s about how big the high grade core is, this where they make the doh It can be misleading re Economics to just consider the ave for the lot The ave of 0.68 ave is ok as long as we get more high grade core The revised MRE could well have doubled the 1 billion but let’s say it’s +50%, 1.5 billion tonnes and the ave grade goes up More Imporatntly the volume of the high grade core increases making it more economic to mine

Exactly Padmaster Some of us have been saying this all along, few have listened though It’s a matter of when not if

Copper not copper Sorry it’s my phone ! Changes the words often

For new cooper mines I’ve been saying consistently that our grades are high for a porphry of this size Well above the average even as it is and hopefully we will have added to the high grade core No body seems to have listened to me though but that’s ok lol

On monthly payment agreed shows we are very close IMO re licence

Indeed Just meant free of the clowns for a few hours

This afternoon to have a few people on the B.B. who are actually invested /-)