Member Info for Gixxer-600

How mining companies are using MR bulk ore sorting plants:

https://www.google.co.uk/search?q=NextOre%E2%80%99s+MR+technology&rls=com.microsoft:en-GB:%7Breferrer:source%3F%7D&rlz=1I7ADFA_en&sxsrf=APwXEdc-5sn-Dqa-mGUTu5uMOsM9bECx-w:1683660693133&source=lnms&tbm=vid&sa=X&ved=2ahUKEwjG_6Ts_Oj-AhVJiVwKHRgnDoMQ_AUoA3oECAEQBQ&biw=1920&bih=961&dpr=1#fpstate=ive&vld=cid:79785c04,vid:_Gk4ejQGG3A

I believe it's more than just number crunching Jezz. I think there is actual physical testing of the material from the drilling to show what % of the copper can be recovered.

Possible they are also employing more than one separation methodology.

>> scaremonger and say if it’s not released it must be bad

Apart from the known fact it's the standard MO for Bird HZ

In the last interview Bird, ~April6, said the report was due in 3/4 weeks.

Ofc, what Bird says interviews can not be relied upon....

I would say if it's good news the data will be released quite quickly, if not I imagine there will be another round of 'studies' and a few more months wait.

"copper to 6 million metric tons, worth $53 billion at today’s prices (from 2 million);"

While the scale of investment should spark the interest of investors in commodity producers and refiners, the projections of tight supply and soaring demand for those key metals will sharpen the sense of opportunity further.

The International Energy Agency estimates that sustainable development globally such as that outlined in Biden’s plans will require over 40 times more lithium, around 20 times more cobalt, nickel and graphite, and three times more copper by 2040.

https://theoregongroup.com/energy-transition/climate-legislation/us-metals-demand-set-to-soar-on-bidens-big-bets-on-clean-economy/

'AA may not find the margins large enough for them'. - Good point LW - Bird has mentioned a few times that AA are very conservative anyway, I can't see them being interested in a project that looks to be 'borderline'.

We now know this project is anyway not teir-1 or indeed world class as previously stated by Bird. Should this project be viable, or close to it, it would be much more suited to a contractor already in the area, someone who could further develop it with minimal outlay. Who knows, with another 5 years and $50e6 in drilling spent on it it might well end up being 3MT+ I personally feel that's not the way forward for a small company like XTR.

Or would others be happy with the ALL the Manica proceeds being spent on BR?

I hope, even if we don't show it's viable at current cu process we can get out from under the foot of AA and sell it to someone who can further develop it. I really do hope Bird is not going to blow a load of Manica cash on BR trying to back-up comments he's made in the past.

My preference would be to see a small yearly divvi, say £2e6, ~30%, of the Manica profits retuned to SH's over the next 5/7 years or so. Still leaves a bit of cash for Bird to blow on his next pet project.

I also sincerely hope we don't see a big increase in salary's for Bird and his mates on the Board. - They're already overpaid, IMO, for part time roles.....

Notice of AGM should be soon?

If Bird kept his trap shut in terms of what he 'thinks' he has and stuck to facts there would be no ammunition for the 'doom crew'.........

Before you start berating/belittling people perhaps just think how many were buying in at 7p+ based on Bird's 'fact's to the market.....

So, it's three weeks today since Bird told Roast PR that the results of the ore-sorting study would be available in 3/4 weeks - His words: 'it's finger biting nail time'.

With the 'Bird BS factor' I guess we're looking at the end of May or possibly longer if the results are not to his taste, either way not too long to get an idea of how close/far away we are from BR being a viable mine.

Mining companies announce more than $65 billion worth of deals so far in 2023, highest since 2012

https://theoregongroup.com/insights/mining-companies-announce-more-than-65-billion-worth-of-deals-so-far-in-2023-highest-since-2012/

I forgotten, we thought, at one point, he was invested......

https://twitter.com/wmiddelkoop/status/1650292759411019778

Would have to be a declaration if any member of the BoD sells shares Jezz - Which is why I was a little sus when JR stepped down...

I've always been suspicious it's the team down in Auz, especially since Jeremy Read stepped down. There was an increase in selling following that.

Could also be that we are paying for services in shares?!

Monday morning big sells, as per. - Question is, who's bailing at this price...been going on for months! (Assuming it's the same trader)

https://masterinvestor.co.uk/commodities/gearing-up-gold/

Never a truer word spoken! - So how about Xtract Resources (AIM:XTR) where I and many others were truly misled by CEO Colin Bird’s over-optimism about the size of its Bushranger copper deposit in New South Wales.

Bird mentions XTR and we drop......What a surprise! :P

Agree with others, I think no hidden news here, just PI's waiting for the 'bottom' before re-investing....

After all the BS Bird has fed us the last few years I begrudge no one selling.

TBH, I'm tempted to just bail at this price myself!

NT for anything over 20 quid on Halifax