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Great. Let’s hope ascot provides and is a deposit of two halfs. Concerning RC, bird did mention the resource thickening to the south when originally they thought it would tail off. Therefore there should be a chunk of copper still to come.
I don’t see what all the concern is about. RC will be there or thereabouts 1.5mt -2.0mt, so let’s say 1.75mt and a shallow pit. Ascot will be a shallow pit could be anything copper wise, with potentially a gold monster at depth.
They referred to a semi porphyry. I am only guessing and not expert but looking at the drill results it appears that the copper and gold is separate in the system. Fine a nice shallow pit of copper at surface is fine. To support my thinking I would like to see drill hole 49 full of copper and a very deep hole full of gold. If this happens bang everyone is happy.
Add in Africa - this is the best bet On the AIM IMHO. Plan is to make a load of money here and pile it into Birds other AIM company. Ha
Sorry to see lost PI money here. But I have been saying for a little while the risk profile for this share with everything that has gone one was sky high. A wild cat drill of three holes to 900m in the middle of nowhere. PI should learn lessons. The trick is not to lose money in the AIM - any fool can make money.
Wow. What an opportunity to top up. Any investor willing to invest in a AIM, this surely has to be one of the best ones. Totally relaxed, knowing the assets comfortably underwrite the share price and more. Referring to ICE’s comments on the option sell price of oz resource. This share could 10 bag this year.
Thanks both.
Interested in picking some up. Have a strong holding in XTR. My only concern is when the next fundraise will be, what’s everyone thoughts on the current cash reserve?
Having a single underground mine is just high risk . PUR is struggling the same.
RMM has so much potential. We can agree on that there is just less risky AIM out there. RMM always tend to be one month away from being bankrupt
What does LC actually do for his salary? The JV partners didn’t submit the paperwork at blyoor. Then silent for It will be Complete luck for the 3 holes (only 300m deep each) at haneti to make a discovery. months. The only thing this has going for it it that’s it’s worth £3m . Afp looks a better bet
Thanks Jasper. Just to clarify. That’s $4.6m US dollars for 77H and once frac could be times 3x approx $14m Per year US Dollars per frac horizontal well?. If that’s correct and the frac proves recovery rates, surely this share could easily 5x on this sort or news easy.
So if they are testing the geological model of a district, how will the market view it? Good luck to everyone, I think it will need a lot of luck to have a ‘ ‘discovery hole’ and a re-rate on the cards. I could be wrong, but odds are against it. Another raise will be required soon, so it’s hit or bust I feel.
These two weeks that’s have been shut in. I realise it will be a guess, but what sort of revenue will these be making per month pre frac then post frac of 77 ?
400m market cap (approx 50 per/share) is my target. 2.5 mt at Racecourse. 0.5mt at ascot but with higher grades. CB said the mineralisation was getting thicker in the Southend and it looks like we will drill out the section between RC and Ascot. I have been playing with AIM shares a long time and I have never been so convinced, even with the possibility of a small placing. This is going to make me rich, or I am going to lose a shed load of money trying. The wife has never believed in me so please XTR prove her wrong. Egg
They have an active drill programme with men on site costing money. Of course they have proitise hole 35 to plan their very fluid (ad hoc) campaign to follow the gold. The lad had a big back log and agreed to push through XTR cores. It’s just how industry works
Hole 25
‘ The hole is interpreted to have possibly drilled above two copper porphyry mineralisation zones, with the porphyry fingers and indications of mineralisation suggesting that the main porphyry intrusion could be below. A number of further holes planned as part of the current programme will be drilled into this new prospect in order to identify if the potential exists to define a new mineralisation zone SE of Racecourse’
They think that 25 drilled over a porphyry. So looking at the holes. 37 is defo a result from hole 25. I feel they are onto to something and imho hole 37, 33 , 35 and now 38 are all linked. porphyry are huge so it shouldn’t be hard to find if there is a big one there.