Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
Someone still determined to bail no matter the SP.....
Was thinking the same A4444
I don't think there can be an RNS until early Feb due to Bird's buy...
A4444 hoovering them up again!
True BM, some larger trades coming in now though
No 'big' buys also really - I think there would be a lot more if there was a positive leak re: mine viability
Is my statement that cryptic ZM?? - That Bird was aware of who was selling and when it would likely end....
Observation. Is it a coincidence, and I might be tempting fate here, that the 'continual' ~200/250k seller we've seen over that last few months left the building around the time Bird bought in?
Junior Mining Network
Nickel Creek Platinum
Kincora Copper commences new phase of drilling at the brownfield Trundle project
Drilling Commenced Australia
TSX.V: KCC
www.kincoracopper.com
Mr. Sam Spring reports:
High impact drilling has commenced at the Dunn's North prospect following up shallow ore grade mineralisation:
10m @ 1.99g/t gold and 0.12% copper from 36m (end of hole 48m) interpreted to have drilled short and on the margin of an associated untested porphyry complex 1
Current phase of drilling at the Trundle project will test 5 adjacent system and separate large scale porphyry targets across an existing 3.2km mineralised strike
Follows up open ore grades at three shallow and one deeper target, the latter supported by the NSW Government's New Frontiers Exploration grants program for a designed 1100m hole testing the porphyry source of the emerging Southern Extension Zone skarn discovery 2
Program will comprised ~3350m of diamond drilling, continue into mid 2Q'2023, with first assays expected March 2023
Trundle is the only brownfield project held by a listed junior in Australia's foremost porphyry belt and is located within the same mineralized complex as Australia's second largest porphyry mine (endowment 24Moz gold equivalent) 3
MELBOURNE, Australia, Jan. 19, 2023 /CNW/ - Kincora Copper Limited (ASX: KCC) (TSXV: KCC) (Kincora or the Company) is pleased to announce the commencement of drilling at the Dunn's North prospect situated at the brownfield Trundle project, located in the Macquarie Arc of the Lachlan Fold Belt (LFB) in NSW, Australia.
John Holliday, Technical Committee chair, and Peter Leaman, VP of Exploration, commented:
"Drilling at Dunn's North will for the first time follow up shallow ore grade mineralisation, 10 metres @ 1.99 g/t gold and 0.12% copper from only 36 metres, returned above and on the margin of significant, untested, coincident magnetic and Induced Polarisation (IP) geophysical features. The target is a larger porphyry deposit responsible for that ore grade mineralisation and the geophysical features.
The Dunn's North prospect is the first to be tested of five high conviction, standalone, large-scale, new porphyry discovery opportunities that are scheduled to be drilled during this program at Trundle. This conviction is underpinned by strong geological vectors and complementary geophysics identified in our recent extensive technical reviews."
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/759-tsx-venture/kcc/134629-kincora-commences-new-phase-of-drilling-at-the-brownfield-trundle-project.html
Agreed - It's been uncanny at times how close Iceberg has been with his predictions re:RC - I think most on this board hold him/his knowledge of porphyry systems in high regard.
And don't forget - Bird himself is on record saying he'd 'tell em where to stick it' if AA offered 10p!
Shame there's no student version (Most companies used to do that back in my uni days) I'd quite like a crack at it...
If anyone wants to 'geek out'. How to design an open pit using the software Optimal use:
https://www.deswik.com/product-detail/deswik-cad/
https://www.youtube.com/watch?v=dS_b6XLw2Xw&ab_channel=SmartMinero
Interesting video here of the process used to map out the theoretical mine development process.
' Optimal Mining are experts in the completion of life-of-mine projects and feasibility studies. We can take a basic geological model and turn it into a fully scheduled, haulage modelled, optimised and rehabilitated mine plan.'
https://www.optimalminingsolutions.com/demos
Optimal Mining is the company XTR are using to carry out the BR mine feasibility studies.
Barrick CEO Mark Bristow: We do not have enough copper to ensure green-energy goals
US passing a bill releasing a lot of money for 'clean-energy'
' One thing about clean energy is you need a lot of copper' - 'We don't have enough copper to support being a greener planet'
Going to have to go out and find more.....Well.... :)
Get on the blower to Barrick
https://www.youtube.com/watch?v=l6ZOX_Yjxsk&ab_channel=CNBCTelevision
M&A rebound
Barrick’s Bristow said the precious metals sector requires “considerable consolidation” in the near term, but “no more stupid M&As.” Declining output and old assets make smart investments hard to come by, but he expects the industry will get acquisitive.
The world’s second-biggest gold producer will be focused on “the junior part of the market” this year “where it fits with our exploration focus,” he said on Dec. 28.
Meanwhile, copper miners are headed for a round of deal-making in advance of rising long-term demand for the wiring metal.
“We’ve seen for the first time in a long time M&A start to pick up and personally I think that theme is going to continue,” Lundin’s Rockandel said. “A lot of the big companies are talking about the challenges of finding more copper and wanting to grow their production.
CB: ?
12-Jan-23 10:32:15 1.78 1,000,000 Buy* 1.70 1.80 17.80k
They'd be far better off, or any company for that matter, putting an an offer that would have to go to SH vote. Who would say no to 6p ATM?!?
A reminder:
https://youtu.be/1oWPcWmRvUo
>>capability late Oct 22 ish versus a cut and paste I did from an Empress presentation around then saying year end ish for that.... So he was originally overly bullish on Fairbride, for the record.
TBH those, to me, minor BS comments I can forgive.
Now telling, shouting from the rooftops, SH's that we have a T1 asset and that the 2mt was in the bag at RC alone is unforgivable. The current SP is a clear statement that the market no longer trusts CB in any way. As others have said, really time he brought in a replacement.