Member Info for Ella10

Jwoz,
I can't add a lot to the discussion but I do agree it would be good to know where we are at cash wise and expenditure wise on Bushranger. I suspect alluvials will have added cost in terms of overheads. There was also mention of the fact that the core prep at Racecourse was working out quite expensive. The senior geo budget had been $160k so I imagine the site/licence overheads and salaries for 12 months are probably close to $1m. I'm not sure how much work would be involved in any reports to be submitted to gain approval for drilling. Add to that AEM and IP surveys, mine study and 20km of drilling core prep and assay results... I think we could get through a few million quite quickly.

Interesting that Kopore were up 26%.

Rocktapper,
If the deal with AA is no longer being pursued that is certainly material information that should be communicated to the market. It is the NOMADs job to ensure ARC know their obligations to the market.

CB said on 6th May that the drill should be turning. XTR were drilling at least 2 shifts a day. Assuming we cover 40-50m a day then I would expect we have drilled somewhere between 1500 and 2000m. The drill could have broken down on the second day or the drillers may be much less efficient than the crew that XTR use so its difficult to judge. I suspect we would have heard if we had hit significant copper but it could take quite a few drills to find any copper and then again an RNS could land in the morning.

Ka****u licence is due for renewal in Oct. There have been some changes to licence but I assume it's something JLP have been doing as I don't think the Ka****u area has changed.
https://www.lse.co.uk/rns/GLR/proposed-acquisition-of-kabwe-residual-rights-1jy4lrdi2wkoc78.html

The Ka****u licence is due for renewal in Oct. It looks like there are some changes happening in the licence but I don't think anything has changed covering the Ka****u area.

https://www.lse.co.uk/rns/GLR/proposed-acquisition-of-kabwe-residual-rights-1jy4lrdi2wkoc78.html

CleverThoughts,
ARC didn't tell us the date so there was nothing to update. After reading the various versions of the Sturec Royalty I suspect the MTC announcement is correct and wonder what else ARC has failed to communicate properly.

It may be a discussion over the terms of the royalty holding things up. If you look at the Sturec additional royalty terms there are at least 3 different terms stated in the ARCM RNS and annual report and NONE of them agree with the terms in the MTC ASX announcement.

Mr Hills has a few ladies in his harem XTR, GLR and Metalstech to name but a few.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02380940-6A1035369?access_token=83ff96335c2d45a094df02a206a39ff4

On slide 6

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02380940-6A1035369?access_token=83ff96335c2d45a094df02a206a39ff4

On slide 9...

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02380940-6A1035369?access_token=83ff96335c2d45a094df02a206a39ff4

I wonder if the broker was aware of this incoming RNS yesterday. I suspect at least the 1.2p warrants were broker warrants.

It would be nice to know how our expenditure on Bushranger,to date, compares with the 12 month budget of $2m.

Thanks Iceberg,
Hopefully you managed to wake the NOMAD and they remain awake for the rest of the year.

Twatcher to my mind commercial discussions encompass the profit making aspect not just the technical discussions. I can see ODX would need to engage in technical discussions but maybe I am reading to much into the word commercial in the phrase 'commercial discussions'.

I kind of agree with your comments Twatcher. However, what puzes me is if the deal is the gov choose a test, license it to ODX and ODX produce it. Why are the gov facilating commercial discussions between ODX and other parties...

Do I detect a slight change of tone from 1Day? Could this be a sign that CB is about to deliver news that Manica is now producing, the last 2 assay results are above above 0.4% cu and they had over 100m of gold at 11g/t ? Oh and the SP is about to rocket...

The Empress website has the following statement on it's Manica page which isn't particularly reassuring
'The above information comes from various sources including the public domain, and Empress Royalty has been unable to verify the information.' Although one would expect a certain amount of due diligence before they entered the royalty agreement.
https://empressroyalty.com/streams-royalties/development-portfolio/manica/

Hi Peter,
Thanks for the info. A significant holding so presumably you've some good research behind you when you are so relaxed considering our current news blackout. Hopefully our near surface potential targets do pan out, I'd love them to find even a few patches of decent gold. I'm a bit nervous as when CB goes quiet it doesn't seem to bode well and the annual accounts and a Manica update are overdue.

Could be Littlewing. If Peter Hall was a ProspectOre beneficiary then if it is him he has a 3.09% share so an update TR1 wouldn't be far away. No idea if Peter Hall was involved with ProspectOre but I thought he might have been.