Member Info for FatherTedFeck

Jolly, re deeper 600m, ...The deeper your pit gets, the (way) more irrelevant rock you have to move out of the way in order to get at it, therefore the higher your costs. .3% Cu is meh, it can't pay for a superpit. Then if it needs underground mining methods instead, you're generally looking at 1%?Cu to be a go-er with high volume block caving, but then the geometry of this orebody is all wrong for that anyhow! And U/g is far more labour intensive, and in Australia even the guy peeling the potatoes is on &100 grand a year (my keyboard has no pound symbol,) so you need much richer ore to justify u/g operations...see Grasberg, Oyo Tolgoi, Solgold etc.

Yes, if the ev revolution sees electric cars replace normal ones on masse, then copper will be stupid dollars per ton and a kilometre of low-grade copper like this will worth a great deal. Copper is a great place to be, copper-gold porphyries are the way to play it (see Lassonde,) ...I just think this is an overpriced copper porphyry that probably won't make it into the top 20 charts of unmined Cu/Au porfs. But the next holes might prove me wrong of course.

Yes, I'm impressed by that. If people feel meh about a stock, it's in everyone's interest that they can at least share their thoughts. If I find myself getting emotional when someone is rationally critiquing one of my stocks, then I try to at least analyse that emotion.

Thankyou News, I will give that a listen. Joe, I agree that the mineralisation starts near surface and that the early higher grade stuff is half decent. The next 600m or so is no use to anybody, however.

ngeX.v - https://www.ngexminerals.com/ They are a Lundin outfit, therefore top tier in credibility. Another i prefer more though is DSM.V, who are way cheaper and advanced. Comparable grades to Bushranger, but shallow, and (unusually) amenable to bio-heap leaching.

I've mostly considered what you can buy elsewhere re porphyry, and comparee prices. NGEX.V costs less than Xtract, and with them you get (two thirds of) a 2 billion ton indicated resource of .48%CuEq. Compare the pair.

No, I sold at a loss when the xrf numbers were released. Stocks need honest critics.

Assays mediocre imo. Where's the gold? Do you want to buy a drillhole of .3%Cu, or do you want to buy a very large .3% resource which is highly economic due to it's metallurgy? i.e. DSM.V at 1/3 the price. NPV of 1.5B at today's Cu price.

I don't say Bushranger has no hope, but I have no trouble naming a dozen porphyry projects with much more going for them for the price.

The antipodes of Bushranger is not Japan, it is more or less Atlantis.

G'day Newsie, I am interested in the Apsley drilling. Their pre-drilling clues are perfect, but we'll see. I figure most of Their market cap is due to their other project, and maybe a 1/4 of it due to their porphyry roll-of-the-dice. Such that, if the drilling is a dud then they should fall 30-35% and stabilise at down 25%ish. Whereas if they hit the result will be a small or big multi-bag. Impact Minerals ipt.ax

If he has access to the drill core from prior campaigns, then he could compare the visuals or even xrf's from the old core with it's published assay numbers, and thereby have have good estimates of the current grades prior to assay.

Good move. They reckon if you want to write a bestseller, write it about golf, sex or Hitler. (Or possibly all three.)

that's not what FN say about 12%.

Trent that's the best post this forum has seen for years.

But News, you haven't won just yet?

I think you might be sniffing your own farts there...but anyhow...things are looking good.

TBTT - nice imagination.

Well someone had to be first.

If you say so.

Got the M&A on Sedar also

https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00043090&issuerType=03&projectNo=03172889&docId=4886424