Member Info for Gixxer-600

'As at today's date, Fair Bride production has started with the introduction of low-grade ore to commission all parts of the processing circuit. '

So, after 5 years years of waiting for FB to come online a one-liner is all the effort Bird makes to inform the market.

Just retire Colin and let someone who can actually be arsed to put some effort in take over.....

Sunday watching (A bit dry in places):

https://www.youtube.com/watch?v=W3gh9uh0cEw&ab_channel=EconomicGeology%26GeophysicsConferenceVideos

Which is as it should be ofc - It was sad to learn that some of our contractors lost their lives due to C19 a year or so ago.

Hopefully we hear no more of that, we all want to make some $$ but not at the cost of lives!

'Would be interested to know the kind of regs these guys have to work under in places like Africa' - Bird has touched on this in the past, as I recall they are fairly tight in terms of H&S in Moz.

Finally got the the bottom of why the Alluvial update is so late:

https://twitter.com/NeilRingdahl/status/1537871612996988932

OK, thanks Xeiger - He must have misspoken or those dimensions would give us <400e6t

Just listened to the last podcast with Zac. He doesn't mention 150m (width) No idea where I got that from! Apologies

he does mention informing the market, sort of re: FB 'I'm rather hoping that we tell the' that production starts in the next few days...'I'm rather hoping that we tell the' (was he going to say market?)

' I would see a 1.2 or 1.3 figure as much worse than his usual misplaced optimism' - Such a low cu volume over such a large area would be non-economic surely. (in my very limited experience of porphyry systems.) The volume would have to be around 400e6t for that, I don't recall Bird commenting on such a low volume?

Iceberg, in your opinion - Worse case scenario, would RC be viable @1.2?

'. I would be very surprised if it is significantly lower than what he has implied' - But would you really be surprised??

2MT aside, and based off his later comments re: a min of 500e6t that should give 1.5e6t cu @ .3%. ~680 would get us over the 2Mt line.

I've said a few times now that, despite what Bird has said, I don't think we are at 2Mt cu. My concern ATM is based on the volume of earth and the lower than expected grades is that we may struggle with RC being economic? As we all know it's scattered over a very large area and the grades in some parts are only just commercial.

In his last interview he stated ~1600m*600m*150m (not sure he meant to say 150m as that doesn't add up or did I mishear?)

Hopefully not to long to wait anyway, we were told 2 more 'infil drills' which will hopefully do the trick and certainly shouldn't be the death of 1e9 lashes...

'I do agree BTW that comms should be a LOT better'

We can certainly agree on that Steve!

OK - 'The drop' then if we're getting in to semantics.....Either way, a simple statement from the company explaining that pre-production has commenced at FB would, probably seen a rise, not fall, in SP.

There's zero publicity from XTR, far more is done from companies with far less......Fact

Bird could have, probably, prevented this further retrace simply by releasing a statement similar to Empress....

I think most expected the rerate to have happened by now CB

True, I had expected one this morn but it seems the company want to see more progression.

I know, Pre- lockdown it was 17 quid to fill up my bike tank. 34 quid yesterday!

I'd thought, with a sniff of incoming Manica gold, we would have seen a small rerate....

Seems the market needs to see more

Been a general bloodbath on the markets today, out of the 24 on my watch list only 1 is green...

An RNS to back this up would be good for the SP

EMPRESS ROYALTY ANNOUNCES PRE-PRODUCTION AT MANICA GOLD MINE
Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress Royalty” or the “Company”) is pleased to announce that pre-production has commenced at the Manica Gold Mine (“Manica” or the “Mine”). The Company owns a 3.375% royalty on Manica, which is located in Mozambique and operated by Mutapa Mining & Processing LDA (“MMP”).

“Congratulations to the team at MMP for their hard work and dedication in taking Manica from a development stage project into a producing mine,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. “The Manica Gold Mine is our second development asset reaching pre-production and demonstrates our team’s ability to make strategic investments that create significant returns and value for our shareholders.

'Colin has also made several comments about Manicas surrounding properties in respect to alluvial mining'

AS - now that you mention it I vaguely recall him saying something like that. Makes sense, although I wonder how much we'd get from concentrate not on our licence.

Still, we have ~7 years worth to churn through at FB so that will keep them busy whilst they sort out other deals.

Your theory does make sense Andrew - I imagine we would have been informed had the geo's been doing anything more than 'turning over rocks' at Manica.

Saying that, I imagine they will be full gas processing FB ore. Would they have to wash out the whole plant to run the Chinese, satellite mine, ore individually to ensure separation of gold?