Member Info for Gixxer-600

'So we may find the open pit announcement is end June / early July - at the very latest.' - Not feeling that at all A4444, if they were so close to a final model, 4 weeks or so late, what would be the point of releasing an 'interim' model. Would seem like a complete waste of work to me...

Also not seeing anything spectacular from these assay results, especially if it's expected to be a gold centric system. It's early days though in terms of results from the Ascot system.

'We intend to issue a release shortly that gives an interim summary of the Racecourse and Ascot prospects.'

An interim summary?? - Based off Birds comments, in the last few months, is the market not expecting a final open pit model and mine arrangement for the RC system? We were told this would be released April/May, Bird even specifically responded to comments on the board regarding a late deliverable that 'it would not be missed'.

It seems, once again, he moving the goalposts. Or possibly it's another misunderstanding eh CB you actually meant April/May 2024?!

'I’m leaning more towards presentation being cancelled as not enough evidence for Ascot could be given.'

That makes no sense as the paper would have been pre-submitted for scrutiny , and accepted, way before the conference start date. (I've presented papers at similar conferences in the past)

Thanks fore the link AM - Very interesting!

'If I'm wrong and this proves not to be economic, then at least CB will have done something he has always wanted to do - secured his legacy' - I imagine he will also be looking at legal action taken against him. There are video and audio recordings of him stating RC is a T1 asset and the AA clause will be triggered.
Many will have taken positions based off his comments, if they turn out to be false..Well...

'Just how close are they to our hole 33 with 2m @15g/t'. that was my initial thought, yes - Looking at the maps they, Wisemans Creek, are very close to us indeed.

Actually a misleading statement from me in my previous post, apologies.

The gold intersection was actually '4.04 grams per tonne (g/t) gold'

Gold explorer Orange Minerals (ASX:OMX) has kicked off a 600-metre diamond drilling program at its Wisemans Creek project in the New South Wales Lachlan Fold Belt.

Orange last month said this prospect was the most significant zone of anomalism in the project area, with historical results including a 19-metre intersection at 4.04 grams per tonne (g/t) gold, 15 g/t silver, 0.14 per cent copper, 0.38 per cent lead, and 0.09 per cent zinc from 81 metres.

Note the gold, 15 g/t....

Ref: themarketherald.com.au/orange-minerals-asxomx-kicks-off-drilling-at-wisemans-creek-nsw-2022-05-04/

Bird giving an interview with the Sunday Roast chaps in the morning.

Possible RNS beforehand then...

And what about Zambian projects too? We wete told we'd be getting income from them years ago too. Had even one been up and running it might have prevented some dilution.

And the copper samplings that were supposedly sent off months ago?

It is Andrew, he told us it would be running by August 2017 initially.

A raise for Aim companies is par for the course and generally welcome if it enhances value. The issue I have here,and with Bird, is that another raise further highlights his ineptitude in meeting deadlines and progressing current assets; which should have long ago been bringing in much needed $$.

We are just a few months off the 5 year anniversary of his initial timelines for manica production.

Anglo American is using a helicopter airborne survey over an area of around 10,000 square kilometres in the Wheatbelt region of Western Australia, exploring its mineral resource potential.

The Southwest Yilgarn Exploration Project is in its early stages of exploration work and includes low impact data collection activities over a 12–18 month period.

The region will be scoured for base and precious metals, including battery metals such as copper and nickel.

Ref: xxx.australianmining.com.au/news/mineral-love-is-in-the-air/
& the Count on the other forum...

Been a long time coming that's for sure! - Empress will be as happy as XTR holders I imagine. Their SP is, almost, at all time lows....Could be worth a punt...

Could one assume that any buy-out talks with AA would be carried out F2F in Aus?

Maybe he does plan to stand by his April/May targets?

He'd, obviously, be in close proximity to our neighbours who may well also be interested in purchasing BR too.

H

According to Telegram admin

In addition, mines are getting trickier and pricer to build throughout the world with political risk on the rise, even in traditionally safer nations like Chile and Peru. As a result, ****stan looks relatively less risky, just as a new centrist prime minister takes office.

So a mine on the border between ****stan & Afghanistan is seen as a lesser risk than south America. 'Worth the risk'

https://www.cnbc.com/video/2022/04/13/barrick-gold-discusses-its-7-billion-reko-diq-project-in-****stan.html

I'm expecting decent results. They really should be up and running on the satellite HR mines by now. (Insert fingers crossed emoji)

'It has to be said, though, that the copper grades have not been particularly startling, so that I, personally, have revised downwards my (admittedly back of fag-packet) estimated of the value'

Possibly the 'MasterInvestor' lacks Porphyry knowledge?! Pretty much, all of the assays have shown commercial grades and are very much in line with other, similar, systems (or even better in some cases). Or perhaps we are all dreaming?! (Didn't CB actually state he'd tell AA to sling their hook if an offer of 10p came in?)

The bigger concern I have is the volume at RC. Despite what Bird was saying a few months back, and based on released RNS's, I still have us @1.5-1.8MT. (admittedly, the 'fag packet calcs' some of us are doing/posting can change a lot based on basic inputs, especially the homogeneity - Even their own model, in some areas more than others, will interpolate between sections).

He's still stating a range of 500-700MT (I'm sure he knows full well by now) and I feel we really need to be closer to 700MT volume to hit the target.

Yes, Ascot may get us over 2MT but Bird is on record stating we have reached that in RC alone, although he's not so keen to mention this of late.

Will someone buy it? Or will it be a big misunderstanding when the final CU values are released? - I'm still pretty confident in the former or I'd have sold up however, experience with Mr.Bird tells me is that it's just not going to be straight forward!

According to historical records it took about 5 years to build the pantheon Ella. IF FB is up and running by August it will have taken the same amount of time.