Member Info for howezap

Ah yes Andrew that is true. @sat 12.35

I would be like a kid in a sweet shop if I had my own pub. The fun sponges, (or my daughters as they prefer to be called) would bar me if I didn’t pay for drinks?? They said I would become a raging alcoholic. My ‘punishment’ for fooling them was taking them out for Sunday lunch……at the pub :)) Worth the £100 to get out of the washing up at home.

Certainly are in the right space right now with what is a copper dominant system. Now with more gold being found and with theiceberg’s analysis that the SE ‘porphyry’ will be more gold centric. Also he anticipates that high grade massive alteration further south of hole 25. With assays from hole 14 expected soon if shows mineralisation it would confirm what the visuals have shown that this is another massive system.
Generally it could be the gold for example that would make a big project desirable to a major and considerably more economically viable. With evidence so far and confidence from CB that the ‘conceptual’ open pit is likely to contain a 500mt ore body, it is this alone that will make the project very desirable and economical to mine, due to the minimal CapEx compared to block cave mining. So any gold found from now will only add further value on top of copper content as opposed to the necessity of finding good gold.
Makes a compelling investment opportunity.

Need to also consider if and when the extra JV African projects mentioned to help fund the oz drilling will come into play. The likelihood of some capital expenditure being paid out going forward.
Do we know any more about these other than what CB has spoke of?

To be fair I posted walking home from pub while juggling with a kebab.
Mrs zap is bit frosty this morning, she found out that last night, me and my pals have ‘apparently’ agreed to buy our local village pub!? “You and them idiots will drink it dry in 6 months” she said, “what were you thinking?”
“And you had the f’ing cheek to tell them I wouldn’t mind working behind the bar!!!!”
When should I tell her we are only winding them up?

More solid assay results, early retirement is looking more real. Why would I want to run a pub? Women don’t think rationally when they’re angry.

I’m not gaert at sellpnig I rley on the slepl chceker ecipsaelly drnuig a dnrkren rbamule. As lnog as you get the frsit and lsat lrettes in the rhigt pcale the biran can usncrnalbe the rset so you can raed it
Btw took 10 mins to write that…pathetic

They can estimate the rock mass with the visuals from the core samples where the mineralisation occurs. They will then apply varying estimated grades to that to give possible copper content.

Already starting to compare with Cadia Ridgeway, “are looking at a huge system that will swamp any talk of 2 million tons and any talk of the open pit”
That’s a bold statement!
I’m so ‘appy :)
This story will have a while to run yet, don’t believe for one minute Colin will accept an offer of 25p for a quick sale.
Still it comes down to the satellite mines returning the anticipated revenue by Q4 and into next year. With the talk previously of also taking on a couple of projects through JV to help fund the oz drilling campaigns is clear intent to me the project directive is to carry on proving up through further exploration phases through ‘22 even into and through ‘23
CB has also said they will not be giving this away In a earlier sharetalk interview “With what we’ve got, we already have a viable mine, we are not just looking to sell this, we are doing the responsible engineering concurrently as we look for more and more.”

Very relieved to have confirmation of trace visible copper mineralisation in the SE anomoly along with lengthy zones of porphyry related alteration. Not bad at all for a first recon hole. A positive start, a lot will have been learned from this already I’m sure.
I am still personally not in any doubt that this is a regional multi porphyritic system and not isolated.
24 was pleasing too.
Assays will confirm the potential.
Thank you iceberg for your commentary

It’s only been 3 working days since last RNS.
Ok, 4 if you include the rest the day of last release as that was an early bird

I can appreciate that a discount of 50% would be used for having a indicated/inferred classification over measured on a normal copper gold resource.
Due to the very nature of a porphyryitic system in that the porphyry are generally of a consistent average grade, could it be that less intense infill drilling will be required to be geologically confident, so potentially, a inferred/indicated JORC will be adequate for a fair value.
In which case, as much as 50% being discounted doesn’t seem realistic.

Regards to the third party valuation, a reminder of what Colin had to say previously.
>> An independent mining consultant will do 3 models one at a base copper price, one at a higher rate and the other lower than base. They will work out Capital and Operating costs. Work out projected cash flow over a period of years, then the cash flow will be valued and a discount of 15% applied. Then generally a further 20% overall is discounted for tax.

Will be like Black Friday with all the discounts!

https://youtu.be/2WFUFdHX62Q
@13mins for ref

Hydrogen fuel cell vehicles are already up and running in the uk. Busses, lorries, fleet vehicles. The infrastructure required to refuel is ongoing and increasing all the time. Toyota have said, “It WILL be the fuel of the next 100 years.” There is no doubt EV’s will play some part in switching to a greener alternative. Fuel cell vehicles will eventually play a just as important role as EV’s and very likely, one day will take over and lead the way.

We run most kit on site from battery now. Even the bigger like Kerb saws, table saws, chainsaws etc all run off mostly 9AH. Have no noticeable reduction on power compared to 110v are truly amazing!
Battery power is the way to, and as the technology improves further the flex will be a thing of the past.

All very relevant, in the need for new copper discoveries to power the world

Dewalt do a 12Ah already lucky

We have a ‘Shark’…
We keep it in our swimming pool.
Mrs Zap now wants a Jaguar….
Had to object..
it will tear her to pieces!

Is a fair point olderandwiser

A part of repost from Gold5 in their response to negativity from the GGP faithful too

>>> From the XTR forum.
The GGP forum always reacts badly when anyone suggests that another company could have greater potential as GGP :)

Gold5 concludes>>>GGP market cap is about £640m. XTR Market cap is $35m. (at that time) Many of us on the forum believe that XTR has 10-bag potential, so you need to consider which is more likely to happen. XTR at £350m or GGP at £6.4 billion?

I conclude. The well researched will understand the potential of Bushranger and take a position, as we are now starting to do so as the project gets more exposure. However, it can be all to common to be blinded by sentiment in accepting there are far better investment opportunities out there as like we are seeing here at present with xtract.

They spoke before about getting to the threshold of 2mt “to see what AA wanted to do.” The sooner CB can get them to show their intent to buy and can report it to the market then that would be significant news, they may then decide a more progressive approach to later exploration phases for example

I would doubt that Steve. The idea behind taking on a couple of small projects in Africa is to pay toward the drilling efforts in oz. why would this be considered if there was no intention of taking the project further.
the phase 2 objective was always to prove up 2mt.
It really would not surprise me but it goes against all what has been said and done so far

CB mentioned taking on a couple of small project JV’s in Africa to help pay towards the drilling efforts in oz.
if attending could someone kindly enquire on some potential timescales and numbers anticipated. It sounded as though talks had already started. Of course would not expect with who or where, but any info would be appreciated.

Found some notes I had made regarding the third party valuation from a podcast.

An independent mining consultant will do 3 models one at a base copper price, one at a higher rate and the other lower than base.
They will work out Capital and Operating costs. Work out projected cash flow over a period of years, then the cash flow will be valued and a discount of 15% applied. Then generally a further 20% is discounted for tax

Will try find the podcast I got notes from and post if I do.

Certainly does look as though hole 14 dips into south east.
What of hole 23 then? It’s not conclusive it was even started. The update in 20th Oct RNS would suggest it was.
>>>The next series of drill holes are advancing well with hole BRDD-21-22 designed to test the plunge of the mineralisation after intersecting the higher-grade crown at the top of the deposit."
Having earlier had the feedback from site from hole 14. A strategic move to get idea of the strike angle for 23.
If so, maybe it’s the money shot! Right down the throat to test strike length as did hole 1 to try kick start that big rerate.

At very beginning of phase 2 the objective was then to stick a recon hole in footrot. But as the IP and EM surveys have now shown positive signaturesand subsequent drilling to increase the open pit scenario it could be that the one hole was destined for footrot, hole 23 had gone into the big south east anomoly giving prior insight ahead of the presentation.
Does make some sense. So would hope for that RNS confirming hole completion, if none other Monday AM before AGM at 3pm.