Member Info for howezap

Will you still go Jez if Chilibwe is touted as being it could be a big ‘un?

Thanks for your opinion ID. That is always the big question with CB’s age, but I don’t believe it is fair to use it as a reason to undersell and I don’t honestly believe Colin is that focused on securing another big deal if it would mean accepting any kind of help or early offer for the same reason. He wouldn’t be acting in the best interests of major stakeholders and shareholders alike.

His legacy with Kiawara will live on long after him and so will Kendricks cause, whether he is retired or not by then, or other as the project would command far more with a study and economic model behind it. Projects don’t exchange hands in the hundreds of millions without them

As a geologist, Martyn will want to lead the project, they are so driven to explore. Once they get a JORC/SAMREC on the board, and the potential is there, 50mil market cap is not unrealistic, so to raise up to £10m over a couple of years I think is achievable if you consider similarities to funding V Market cap for Bushranger in ‘21.

Respect, Guy

“More dilution very improbable. The project will be advanced and then sold to the highest bidder. Around £250M is my guess by the year end. REE projects of this calibre are very rare indeed.” - minehound

Really love you sentiment but is quite far off in my opiniony Kendrick want to hang on to them for as long as possible to systematically increase the resource annually in scale and in confidence without outside help. Dilution is a given but do not confuse that as a bad thing. First is to get a compliant resource on the board to know what needs to be done next from a geological perspective. Supporting studies will certainly follow.

As an investor I would be livid if they let the project go for £250m if it has the potential for Ken to invest a further £10m in the drill bit to see a multiple return on your benchmark figure. We should have all heard of the value curve by now. This will be prime example.

Appreciate your comment on this Irishdemon.

Think TW is still bitter with Bird after his 10p tell em where to stick it, plus sounds like he missed the boat on Ken. But however constructive CB is with the information he has or doesn’t have at his disposal, the stuff in the ground doesn’t lie. Only when they announce a compliant MRE for their REE any doubts will start to disappear as to what they truly have.

Same as with Silverking and in Morocco! Where numbers can be confidently worked on, backed up with a compliant resource they can report against.

Now Ken have raised cash at a decent level and latest update has perhaps given the live RNS feed some respite, with what they are now working toward will take a little time, so efforts may turn next to Bzt and or XTr.

What nobody ‘really’ wants here is just a random operational update . Might appease a few concerning holders, but if it’s not followed up with a succession of further announcements across assets to gain some momentum then it would be wasted.

There are companies in the fore now with real quality assets that the Bird stable are competing with let alone each other it seems. But it makes sense to concentrate efforts on one at a time to give each a leg up and the best chance going forward as just seen with Kendrick. But I think their RNS today has drawn a line under that for now hence why they have seen some profit taking today.

Cheers for sharing that CP it does explain why MRE5 has not yet been reported. This type of drilling matters quite a bit and takes longer than usual to formulate because the data is used to improve the resource estimation as well as grade control, mine planning, mine scheduling and reconcile any differences in the ore body and the geological model to make sure the estimated and actual mined grade and tonnage match up.

Or, mining porn as I like to call it.

You are priceless Paul, I cannot help but respond to your nonsense and uneducated claim of grades not being commercial at Red Setter.

The 25’ drill campaign was not a resource drilling campaign but a scout campaign designed to understand geological tend. It is usually the first pass or early stage reconnaissance drilling done to identify whether mineralization exists and to get a marker down of the geology for modelling to improve targeting accuracy in follow up resource drilling. It is ‘not’ designed to establish continuity, geometry, tonnage, or grade distribution with any confidence for any kind of economic evaluation at this stage

‘26 campaign is very much the same and following on from where the ‘25 campaign left off.

Test extensions of known gold-copper mineralisation

· Evaluate continuity along the 4km diorite trend

· Improve understanding of structural controls on mineralisation

· Target zones of strongest alteration and sulphide mineralisation

ie ‘not’ resource definition or delineation drilling, that will come later when strongest targets are identified from both campaigns.

There’s always conflicting opinions and Paul1828 offers one that couldn’t be any further away across opposite ends of the spectrum. Appreciate this is their opinion and have to respect it.

“Poulden strikes again , get the red flags out . A worthless trench to distract from red setter ..”

Well Paul, however allow me to retort, it’s actually a really good deal, for a project that has historical drill ready targets. Along with the purchase, which is a fair price they have acquired a significant data pack, that has probably cost more than the purchase price alone that generally gets overlooked and I think a missed opportunity by Mr P to dive into the potential cost savings from that early exploration and how it would have literally saved two seasons or more of field work and desk studies to Wishbones advantage.

Stick to a jurisdiction you have already an established support network in that can share company resources, admin, personnel including geologists and have better leverage to negotiate on their contractual obligations such as drill crews and assay labs across two major projects to save on overall operating costs. (typically will be ‘separately’ project managed)

Great opportunity in what is prime real estate Tier 1 elephant hunting territory.

Respect, Guy

A fair synopsis micro 👍 I would only challenge your comment that “when cb is silent there is no progress” that’s all, but we all have our own opinions on and will only go round in circles as are just opinions. CB and Martyn are doing a stellar job at Ken and when there are worthwhile development updates here, there is no reason to not report on them but until then, we can either sit on hands or take the opportunity to take some cheap again while bzt and ken siphon cash out of XTr and GLR Same old story.

Hi bobust

How are our experts who predict a 5p placing this morning???

Yes I did predict this, but also was followed up by -

“Stick my neck out and say a realistic 4-5p pulling one off higher will be a massive vote of confidence”

It clearly is just that, a clear buy signal if ever there was.

Surely it can be appreciated the companies priority toward developing both mines particularly with their 90% aquisition of Wildstone. I’m bit peeved we have not yet heard of exploration updates on western Foreland and the large scale expl at Silverking. But BR is not going to be actively marketed until the final study is updated. I think there is far more to come from BR

No that CapEx is not a fact it’s likely to be a lot less and with a head grade of around 2.8% Cu. Bolidens Aitik mine has ben managing without pre concentration on head grades of around 0.25%Cu throughout its mine life with exception of initial grades from a small resource of 0.5.%Cu back in 1968

Every project is unique

“The NPV Limit: Independent optimization studies concluded that the Racecourse deposit has a peak post-tax NPV8 of AU$363 million. However, this requires a massive 20Mtpa operation, a massive capital expenditure >1e9 (CapEx) to build the mill, and a copper price sustained at US$11,000 per tonne.”

And there lies the fundamental flaw in your whole A I generated claptrap.

But sure, it is based on current information in the public domain, but without any consideration to what I have previously stated and what JDAU has provided details of what work is ongoing to complete the final study updates and economic model performance.

As for the AA agreement CB has already stated it is in AA’s interest to let them out of the agreement with likely negotiation of increasing the NSR royalty.

This was already factored into the economic assumptions of the open pit optimisation study where a 4% NSR royalty was used. With Cb commenting directly toward my observation saying I should be an analyst.

BOSH, POW, ZAPPO oh yes he can…. With a body slam

I’m pretty sure he didn’t say, “we may just about get back what we paid for BR"

I’m more sure he said along the lines of, “we’ll get back what we paid for Bushranger and some more.”

But he said this before copper started to rise and even before the earlier Altrius review on Tomra BOS and now the subsequent positive review from results of CPF using the NovaCellTM tech. He would not have had the information from the results at that time to make any kind of informed estimate.

I’m quite sure if he were asked again off the back of the final updated study and economic model when completed his answer would be very different.

Struggling to navigate the site menus on phone prob best on laptop will try again later. Do you have the coordinates for hope? Might help us find the site.

Ahem… and XTr 😎

Thank you for the info Wheaton, be rude not to have another portal to keep informed and also could provide opportunity for some quality dialogue for discussion too if a few members sign up for the free service.

Will look into it. I did consider your point regarding T&C’s. Wonder how PaddyGall at GGP gets around it as he has been providing ‘PaddySat’ for years 🤷‍♂️

Not sure ‘WheatonSat’ has the same ring to it tho 😉

What do you mean CB can do no wrong and I am living the fantasy?

I am going to do just fine out of CB as will many of you,

Teufelskuppe REE, Silverking new mine, Hope and Gorob mine and soon to be a small scale gravity operation in Morocco while details of a bigger flotation plant is permitted and developed ( fingers crossed )

The projected numbers are significant over current MC alone.

You clearly do not understand the status quo Jam on BR , particularly your completely out of touch comment on AA. I’m not blaming anyone or anything to support my view and your reference to share price is not exactly pertinent as there is a genuine disconnect in just about every resource stock to asset value from the historical highs from around ‘20-‘21. There’s no argument there unless you are delusional.

Have made fair and reasonable assumptions on scale based on real assay data that has identified the presence of deeper multiple porphyry under RC and the presence of Ascot that is still vastly under explored.

It is you that seems to be stuck in the past and not understanding the significance of optimisation and what pre concentration will have on the economics, reduction in plant and tailings footprint and considerably lower CapEx requirements for a plant that would only need a throughput rate of circa 1 mtpa down from 20 mtpa without pre concentrating. ‘Results’ showed with 78% of the copper mineralisation recovered into only 5% of the mass, with the head grade of the composite sample of 0.19% Cu being upgraded to 2.8% Cu.

BZT have successfully implemented ore sorting in their feasibility summary and installing an ore sorter to pre concentrate their ore to reduce the volume of material to be viable for transport and processing. Same ball park, different objective, or is that a figment of my imagination. Plus as per subject header it’s likely the quarryable Antimony will be also be pre concentrated.

It’s about economic viability, not grade, which you have been told several times but choose to ignore.

But I digress in that I still think there is more work that needs to be done on BR before a final study update.

Wtf has the mc of four years ago got to do with the viability of br now. I did say targets were missed didn’t I ?

Besides, have you not watched the news since then mate. You can’t put the share price all down to a few over optimistic comments from cb.