Member Info for FatherTedFeck

pffft!

Now the catch is, this is from last year. Apparently, only 43 people have watched this video on youtube! Geeez. It doesn't contain any cosmic revelations, more just background colour for HE1. This bloke seems to make the interview gilfs just slide off their chairs in a puddle - maybe it's the accent, maybe it's the hundreds of millions of dollars? If you don't care, just skip the first five minutes. But anyhow, he's a very successful mining business guy who's the chairman of HE1.

https://www.youtube.com/watch?v=gUIPbzhDjxQ

Nobody thinks it's the *best* country to have an investment in...but plenty of resource business does go on there, it''s still a large gold producer, the new mining laws were brought in recently giving certainty, the new president sounds pretty switched on - even mentioning helium as a priority, i.e. us - so you could say the country's changed from red light to amber.

But every project ever has some aspects that aren't ideal...Grasburg is up a 3000ft cliff on top of a 15000ft mountain, surrounded by 100's of miles of inaccessible jungle! The great Andean porphyries need a $3 billion desalination plant, and are short on oxygen! The elite uranium deposits in Athabasca require a system to freeze the cubic kilometre? of soggy sandstone encompassing the mine. etc etc etc.

But. For every project that failed due to government interference, or terrorists, or environmentalists (or any other type of mentalists for that matter,) there are at least a hundred projects that failed because the rocks just aren't worth the money. You have to go where the great goodies are.

Lake rigs (in WA anyhow,) nowadays cost only 20% more than normal DD rigs.

CEO of Copperbank Resources talking up copper generally, and lower grade porphyries in safe Western countries, specifically. He is talking up his own book, but that's ok - his investments just match his thoughts. He's a good speaker.

https://www.youtube.com/watch?v=bvr_T_9560Y&t=134s

That report is not even written by a human.

What are you on above Steve, I make sh*tloads of mistakes.

Ee's worse than 'itler!

To clarify, I say what I think because i think it. Not much justification beyond that! I do not, however, think XTR is a dud. We are only one 'ole into the drill campaign, and it was by no means a terrible 'ole. Let the truth machine do it's thing. My complaint, such as it is, is that XTR is overpriced compared to other comparables. If I thought XTR was cheap (and you don't want to hear what that number would be,) then I would be emphasizing the company's positives, i.e. copper is looking great for a decade, porphyries are big enough to attract buyouts from majors, Aus is a good jurisdiction, 900m drill hole is nothing to sneeze at (even if it was a Director's Special,) Anglo buyback clause is not too onerous, etc etc

But instead I think it's pricey compared to some other beauties out there. A rising tide will probably lift all boats anyhow.

Why do we care about the election? Neither party looks likely to cause any grief. Is there nothing on telly?

Well if anyone can make any sense out of that, then you're a better man than I.

LittleWing, isn't that exactly what I'm doing!?? Somehow the updates just aren't that well received? Filo Mining is another ripper, i dunno if I've mentioned them here. Their market cap is chunky - mid $300m's - but I don't think we've missed the boat. It can get up into the solgold/solaris stratosphere, especially with their big oxide kicker.

News - "I have able to just locate the XTR Hole 1 details:
XTR Hole 1: 0. 3 % CU COPPER.
0. 0 2 g/t au gold
1.45 g/t Ag Silver.
= 0 . 3 3 % Cu EQ. [920m from 110m]"

Yes, you read a news release. A knighthood cannot be far away.

News - "So, in short, the CU is still 0 . 3% COPPER vs 0. 3 3 % Cu EQ.
So, a small variance only of equivalent which is NOT statistically significant?"

It's not a question of statistical significance or not. If you're a marginal project then that extra 10% potential revenue might be the difference between profit or loss, success or failure. We want the numbers to be higher, obviously. 0.3% and 0.33% is a relatively small difference, but here it just reflects a lack of gold. hmmmm.

News - "I quoted from RFC AMBRIAN:
WORLD RANKED NO 1: PEBBLE-ALASKA @ 0. 3 4 % CU [Copper]
WORLD RANKED NO 9: CASINO-CANADA @ 0. 1 7 % CU
WORLD RANKED NO 10: MASON - USA @ 0. 3 % CU"

Yes, and my problem with that is that all of those projects (especially the first two) have a much higher CuEq% than Cu%, so their Cu% in isolation is both meaningless and misleading. The CuEq% shows how much their rocks are worth in situ.

Pebble - 6.5 billion tons M&I of yes only 0.40% Cu, but it's 0.77%CuEq when you add in all of their gold, moly, silver, rhenium.
Casino - 2.2 billion tons M&I of yes only 0.16% Cu, but it's 0.36%Cueq when you add in the gold, moly and silver.
Mason - 2.2 billion tons of yes only 0.29% Cu, but it's roughly 0.35% CuEq when you add in the gold moly and silver.

Now i happen to think all three projects suck for one reason or another, and it's easy to find better prospects in other companies. But anyhow, when aiming for an apples to apples comparison, you're best to measure by CuEq because porphyries usually contain good amounts of payable gold, mo, ag etc.... Or at least the good ones do! ;-)

And you could steal his lunch money while you're at it. Or throw his schoolbag off the bus?

only two, one for a different computer. No illusions there.

You're quoting other projects' Cu grade and comparing it with XTR's CuEq grade. This could be mistaken for dishonesty.

Yeeeah, but it's only saleable to some company who thinks that THEY can mine it, or that some JV partner can. I assure you, the topic does arise! If you drill out some new ore body on the top of Mt Everest, you can't expect to flog it off to some big Co without them perhaps wondering..."Hang on...how the F are we going to mine this at a profit???"

1plus1 opex might be similar but capex will be larger for the block cave. You can't just treat the opex in isolation.

1plus1, I was saying that - all else being equal - a block cave needs higher grade material than an open pit, in order to justify the higher capex. Surely that's fairly unimpeachable???

It's just propagation of the basic HE1 story. None of us were geniuseseses for grasping it, we were just lucky to be exposed early, (assuming all goes to plan of course.) "X market cap, and with a fair chance of being the world's NUMBER ONE xyz producer for 100 years????? Yeah....that's worth a punt."