Member Info for Ella10

I hate to say it but I think MT was looking for a morally correct response. He was asking for the market to be informed not for some individual communications to be drafted specifically for him. I asked for a similar thing with regard to making shareholders aware in relation to the Kalaba licence. The board does have to answer to shareholders. An RNS is appropriate as it stops people being given false individual reassurrances particularly if folk are asked not to make the content of comms public and it also means the market is informed as per regulatory requirements. I got an email response that the disappearance of the licence was nothing to be concerned about and related to the reorganisation of their licences. We had already been informed via the investor call that the reorganisation of the licences related to a potential commercial transaction.

Howezap,
I think hole 13 and 14 initial results on the 2nd Sept both hinted at second porphyry.

Perhaps we'll get an investor call with the long awaited Fwiji assays? ;-)

'I would love to know who owns what as its been such a long time since our last TR1notification and 100s of millions of shares have changed hands in that period of time.'
Hargreave Hale had a TR-1 on the 12th March that took them below 5%. This was around the time of the initial court speculation. They could have sold out without any more TR-1s but the website shows them holding 5%. I had asked the NOMAD to check consistencies here. I

Hi Fulmar,
Folk can read your posts over the past 9 months and see how many of them turned out to be realistic. Any guesses % wise.

This got me wondering...
The 29th Oct RNS stated
'While the Proterozoic is now our primary exploration focus in Target Area A, it is important to note that the Karoo remains our main focus in Target Area B (where we are currently drilling Hole KSZDD001).'
As previously stated the proterozoic in target area B was expected to be shallower than where GRS-1 was drilled but in actual fact the first hole completed showed it to be slightly deeper. GRS-1 hit the proterozoic at 917m.
I don't know of this means the conductor is more likely to be in the Karoo or just that our model is out.

Hi Metalhead,
I'm not convinced the next hole is aimed at the karoo but I'm not certain. At 5:24 mins https://youtu.be/0yQx_vLD8_Y Ben talks about target area B being where the proterozoic is much shallower and seems uncertain whether it is proterozoic or Karoo that will host the conductor.

Hole 13 hit potassic alteration at depth, hole 16 got some gold at depth, hole 27 is near vertical so suggests it also wants to go deep. Hole 13 is shown on the same diagram as hole 16.
'The second rig at Bushranger has completed hole BRDD-21-013 within the south-eastern part of the conceptual open pit. The hole was collared at -50 degrees drilling towards the northeast and progressed to a final depth of 855.5m. The main mineralised target zone was intersected at about 84m downhole depth and ran through intervals of moderate to strongly developed copper mineralisation to about 389m depth. After passing through a zone of unaltered and unmineralised black shales, the hole hit a further deep zone of weak potassic alteration with pyrrhotite, pyrite and associated chalcopyrite copper mineralisation at around 800m. '

Hi Kully,
When I suggested months ago the prospects here were not good I got some 'bullying' responses. I did try to warn folk about the licence and the directors surrendering their options not being a good sign. Initially I did think the loss of mining licence may have been due to a deal with AA. When we didn't get an RNS within a couple of days it was obvious something wasn't right. No-one with any sort of intelligence would have surrendered the licence under a deal scenario unless they were sure the deal was going to progress. We were all mislead at the investor call. Folk don't appear to want to hold the person responsible for misleading them to account. I suspect only when the SP drops below 2p will folk consider calling an EGM to address the issues. However, if the results you looked for here materialise the SP will recover. Which do you think will happen soonest the SP dropping to 2p or the following assay results?
' It's all eyes on the drill. Fwiji, Muswema and Lumbeta are going to offer an indication of how much /or not copper we might have. Oxides /Sulphides or nil is the only result possible. Casa money incoming would be a big plus right now? Be honestly happy with 0.7-1.5% average grades in thickness over a 150-250m length range in all 18 holes. Anything else is a bonus, and would be welcomed. Always prefer to set minimum level of expectation, so as not to over hype. This weather is becoming unbearable, especially when trying to sleep! ATB everyone.?'
'

No Billy! We need an RNS with some meaningful info. The rumours from the AGM remind me of the posts and interviews prior to GLT being forced to admit SZ was not what we had been lead to beliieve. We need an RNS that the market can value rather than some rumours!

Hi F79,
Perhaps you'll be tempted again when it hits 2p?

Cheers both.

Hi Andrew,
Do you know approx how many metres the 32 holes cover?

Hole 27 has been drilled nearly vertically and appears to have continued drilling for 100m past visible copper mineralisation. Are they looking for more gold at depth?

The gold is interesting as it wasn't mentioned as a mineralised section in the 14th Sept RNS. Perhaps 16 has been released in order to help with understanding some of the other holes we are awaiting an update on.
'Hole BRDD-21-016 was targeted in the Southeast extent of the interpreted mineralised zone and was completed at 645.5m depth, visible chalcopyrite was intersected over a 492.5m interval from 93m depth, which includes two stronger zones of mineralisation from 162m to 302m and 430m to 525m'

Oh dear- are you're relatives becoming a little upset at the money they have lost. I thought things sounded a tad desperate previously but you've just shown a new level.

Hi Keith,
Thanks for the info. The discussion was trying to ascertain what the conductance referred to in the following statement means in terms of conductivity.
'Designated Target B1 ("B1"), the conductive anomaly is 475m by 550m with a conductance of approximately 8,200Siemens. The decay constant is estimated to be in excess of 350ms.'
Unfortunately the article you highlight doesn't discuss conductance of the conductor.
Conductivity in Siemens/m and conductance in Siemens obviously are not the same parameters so an conductance in the RNS and conductivity in Jeremy Brett's table are not necessarily the same values for a conductor. I assume to convert conductivity in Siemens/m into conductance in Siemens utilises a dimension of the conductor?

Some of the announcements from Nickel Creek Platinum are quite interesting. Last month they announced some massive sulphides from the various conductors. The following announcement is interesting as it refers to conductivity-thickness values and also puts forward hypothesis for their 5000S target. They drilled 2 holes in Quill but didn't find anything significant but have found sulphides on other targets.
https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2019/Nickel-Creek-Platinum-Identifies-New-Geophysical-Anomalies-at-Quill/default.aspx

Hi Metalhead,
I agree with your statement and my understanding of conductance would be similar i.e. as resistance increases conductance decreases. However, I get the impression that TDEM reference to conductance is something they seem to refer to as cumulative conductance. I am not a lot wiser but I'm not convinced conductivity values of material in S/m can be directly compared to our conductance value of 8200 S.
I found the following definitions

1. n. [Geophysics]
The product of conductivity and thickness, typically measured in units of siemens (S). In the inversion of electrical and electromagnetic measurements, the conductance of a layer or zone is usually much better determined than either the conductivity or thickness individually.

2. n. [Geophysics]

The reciprocal of resistance in a direct current circuit, measured in siemens (formerly mhos). In an alternating current circuit, conductance is the resistance divided by the square of impedance, also measured in siemens.

We have been given a conductance value not a conductivity value
'Conductance is a property of the component but conductivity is a property of the material. Conductance depends on the dimensions of the conductor, but conductivity does not depend on the dimensions. Conductance is measured in Siemens while conductivity is measured in Siemens per meter.'
We don't know the dimensions of the conductor so can't calculate the conductivity.