Member Info for Joeman1

Colin has said numerous times that we are going for both the 2MT and the decision to mine but I've never read or heard him say that they are co-dependent...... they are separate clauses that each trigger the (one time only) buyback decision.

XTR also pursuing the decision to mine at the same time has 2 main benefits as far as i can see.
1. If we don't make MT we still force the AA clause and either get a sale from AA or get out on the open market.
2. The decision to mine isn't a "got up on the right side of bed" decision..... it will include economics including NPV, so the value of Racecourse will be more transparent. Instead of arguing about whether we can get 1, 2 or 3% of the value of the contained copper, we will be discussing 40, 50, 60% of NPV ...... and that will be worth its weight.... in copper

Lucky, the last RNS specifically stated all results in from Racecourse and so the model can now be finished.....
Doesn't mean we know we have 2MT but I thought that was fairly definitive on drilling.

I agree.... just the big reveal left. We could do with this not taking too long to issue as Colin has always said that assay results are used to direct future drilling AND to update the model AS AND WHEN THEY ARE RECEIVED...... so the model must be practically ready to go.....

If it gives me the chance to vote him out in the GE I'm happy.....

Iceman can you point me to the statement of operating costs per tonne? I'm researching and trying to find the projections

Missed my birthday Colin.... but a late pressie is welcome.
Btw.... an interview to keep us abreast of current progress all round would be good.

This year included China releasing some of its strategic stocks to support the market...... next year who knows what will happen....
But 'experts' predicting deficits from next year onwards.... getting sharper each year...

wow. time flies when you are having fun.

all joking aside, I agree with your sentiment DC...... 3 months is a period of time in which significant progress can be made

GLA

Id like to see a pic on the website with Colin holding a dory bar....... might be enough gold produced to do this already

Colin, it cant be too much hotter in Mozambique than the UK at the moment. great opportunity to arrive already acclimatized.

If the message is true, we should only have 4 to 6 weeks to wait.

Love that analogy Lucky.....
...... if someone sets fire to my house ill know who to point the finger at.

Gordie,
Brilliant link. I admit I hadn't read the distinctions between the tiers.
Colin constantly saying our BR is Tier 1 was just a way of saying 'really big un'...... but I see the distinctions now.

Come on Colin ..... get the model out..... the time has come...

Nonsense Fosters.... only 3mill shares traded.... £50k difference between buys and sells.....

I will agree ..... news to come.... but why would it be bad?

Sorry.... answered my own question..... search bar top right.... xtract

Gordie.... how do you use that map? To drill down to just our interests?

Eastern,
CB latest comment in the RNS was that having received the last couple of holes from Racecourse and closed off the open pit in that direction, they can now progress the final Racecourse model. So all systems go on that front I hope.

Maybe the team can schedule in another technical presentation showing this final model soon. The Footrot and Ascot additional drills and the shallower drills can all follow afterwards imo ....before they issue the decision to mine... unless of course the model already shows the 2mt copper. If thats the case it will move even faster.

I'm hoping that it's because it is very difficult to keep offtake agreements completely undergrads and secret before announcement....

Or maybe the updated DFS with TiO2 credits finalised.....

I wish I'd held off my early morning buy until now though....

Racecourse should be ready to build the model now to give us the overall mineralisation.
Because Colin has stated they are shallow drilling to firm up early production targets im not expecting updated NPV numbers or a decision to mine for a little while.

But loads of holes in the plan that can be filled in with an interview..... so I'm hoping we get one of those..... today.

I'm with you on that Lucky. Is it acceptable for Colin to "discuss " the likely monetisation from a shareholders point of view? Or would that be too forward thinking? How much will depend on who buys Bushranger..... I.e. for AA likely it would be cash but if it ended up being sold to an up and coming Tier2/Tier 1 wannabe there could be a mix of cash and shares.

It feels like something that could be at least discussed..... but happy to be corrected