Member Info for FatherTedFeck

Cheaper my aris.

Good stuff fortissimo,... holding the fort against the unwell and the malintentioned.

Just an errant pound symbol. Don't have a çow man.

Quite right Orthern. If they had an ambitious strike price, then I would feel his interests aligned with ours. Not now.

I don't think many people here trust your judgement, othern.

30 million options! They can GAGF.

There's quite a special one brewing, imo. Collective mining cnl.v drilled 359m from surface of 3.3g/t au, or roughly 2% copper equivalent. This is the kind of deposit your Anglo's etc want to buy...$200/ton Rock from surface sure outshines $20/ton rock. Their other holes have been good-to-great also, but this one is shockingly good. Not only but also, the top 30m from surface were 30m of 8g/t oxide. Oxide!!! (ie free money.) And the bottom 40 odd meters were over 5 g/t, ie 3% cueq. The address is middling-to-ok, but the tier one trajectory is bloody obvious. Quarter bill $can mkt cap, more holes in the lab all mineralized to depth of 350 odd, deeper drilling comes later.

Ymmv, Nia.

Xtract the Urine resources?

Sangha is an aussie term for a sandwich. Make of that,what you will.

That's a computer-generated article, you dingbat.

Well if they were ever trying to make solg.v more voluminous, then they just failed worryingly from day one.

The current price is a bit discouraging. But the royalty raises were effectively based on roughly what it's worth, rather than what it costs. To sell a $150 billion insitu resource for only 1% of the insitu value, would be outrageous and unprecedented...and a massive win for all the accumulated sad-sacks around here.

CE, that's true enough as far as mining costs go, but processing costs are another story.

From memory the clause stipulated that production had to start before 202x or else some penalty applied. The new plan gets us there much quicker, despite the current delay. It didn't specify that it had to be from u/g Alpala...it's a Cascabel agreement overall.

Yes they used Aussie dollars. I showed no confusion over this. The mob I compared it to did also. And they both also use a US$ copper price. Where is the confusion?

Iceberg your comment is wrong - I was comparing total capex, not pre-production capex...which xtr didn't bother to specify. Havilah cite A$680m as their total capex, so ok, closer to 2x than 3x, fair enough. Bushranger (so far) is marginal @$5 copper, Havilah's thing is lovely @$3. There's no ducking these fundamental numbers. Pointing this out does not a tool make.

Stevemocal, I've made no prediction...I'm pointing out the obvious fact that the current numbers are no good. They may increase their open-pittable resource and change the picture somewhat. And maybe copper is going to $8/lb and optionality plays like bushranger come good! But why not buy a currently viable deposit for the same price as this deposit which needs $5-(and the rest.)

One and a half Billion capex for a mine the produces a quarter billion of NPV8, and that's assuming $5 copper!

No one in their right mind would finance this.

Compare it to Havilah Resources' Kalkaroo Cu/Au project in South Australia, which would deliver 10x the NPV8 (@$5) for ~1/3 the capex. (it's market cap is roughly the same as xtr's.)

You're drunker than me! At least it's night time here.

It's actually pretty common in space - Helium - helios - the sun - x a trillion trillion trillion. It's gas Jim, but not as we know it.

Jerry, I have wondered if KM was the guy who f'd up OT in the first place! ;-) The way he explained it, they massively over built the plant etc only to find the cave couldn't deliver at that rate, thereby semi-sterilising the whole op! (ok it's not that bad, but taking 20 years to pay off un-needed capex is how you destroy a great deposit.) Well, once bitten twice shy, and I'm very happily looking forward his revised mine plan. We may have dodged a deadly bullet thanks to his familiarity with the OT f-up.

That being said, the Cacharposa cross section shows a viable mine to me.