focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
It was good to see that they were declaring they are "close to completing" their FS. Maybe we will get this dropping in February now....
I think (Iceberg might confirm or correct me) the mention of these metals (although the can be very valuable) is more to present the message of the porphyry type.... that it can be explored and developed on the basis of understood mineralisation types.
I'm hoping one of the next RNSs is for the new drilling permits and shows the pad locations and narrative for drilling programs.
I dont think Colin is changing his timescales but I agree it sounded between the last 2 interviews that they might rebalance their focus between proving continued strike and adding more understanding to Ascot. (Wholly due to the quality of hole 35).
But..... wtfdik
Dont know Ella, but this additional Royalty from Empress tells me that MMP are needing to get into production as soon as possible. ... otherwise why are they looking for further finance.... and they must have been able to assure Empress that they have this money accounted for up to and including revenue starting...
Screenlearner.... have a look at the photographs in Ellas link. That is a plant that is close to production.
Scre
Ore to be going through the Mills in the next couple of months.
Later slide shows their 2022 revenue from their Royalty alone is around 1million..... ramping up to closer to 1.5million in 2023.
Its only a 2.25% Royalty basis.... so makes our projections look a little conservative.... Not long to wait to find out.
There is a new Empress interview available from the 13th. Manica Update from around 10minutes in. Effectively reiterating the production from end of this quarter start of next.
https://www.youtube.com/watch?v=45rQXCD9ups
Ben, when they sold this on the price of copper was 1/3 of what it is now.... and average porphyry grades were higher....
I'm sure there are many companies kicking themselves for passing historic license on....
I'm with you on that Andrew.... and with probably 6 months before full negotiations.... there is the potential for us to get in at least another 20 holes in Ascot by then.... much more of a hook to get in the gills of a major.
You did well there George. Didnt get hammered by the spread.
Just think of all the future tax you just saved for a massive loss of 0.03p per share.
The algo for declaring a buy or a sell is so often wrong that it sometimes feels like astrology.... I believe it when it fits my narrative..... "2022 is going to be a very prosperous year for Cancers"
Maybe you all got him wrong.... maybe he was ramping XTR.... If the value of the sale of Prospect Ore is 47million, it means that the sale price of Racecourse/Ascot etal must be around 1.7billion....
Id say Porvenireal is a 'triffic ramper.
My guess (wrt XTR) ..... earlier on, each hole was a bigger material change for Racecourse in terms of confirming an extension of strike and resource or grades.... as we move on towards the 2mt, each incremental hole is less of an impact to the overall and therefore best to be reported with the model.
Don't know how that argument holds water for Ascot, but I suppose the Ascot holes haven't been so long drilled and therefore the delay in assay results is easily understood in terms of the holidays and general workload of Labs.
Good interviews posted. My feeling with the new Non-Exec is that we are getting exactly what it says on the tin. Someone with experience and drive in commercialization of products in the consumer commodity sectors.
Hopefully we should start to see fruits being borne.
Good Results = early release......Not so good Results = might take an extra month to make it into an RNS/
Never a truer sentiment expressed in my opinion. Im hopeful that it is good news .... and that is buoyed by the rumours on the grapevine that there will be very good news being released in the next couple of weeks. Im thinking it will be good news on income.
Cygnus, my post was in response to your "am I being naive" post..... not the later one. we are obviously typing at the same time. The side effect of XTRs positive and exciting position..... typing long responses on LSE Chatboards on a sunday. lol
Hi Cygnus,
Im afraid that sounds a bit too easy.... but following your thought process I could see a scenario where AA or another party agree up front a framework of value for the conclusion of any current drilling or exploration as an add on to the sale of Racecourse (first refusal but with a value framework agreed upfront). I think that such a scenario would be plausible because they would prefer not to have a competitor 1km down the road.
I know others have different views, but this is the reason that I think it would be ideal for us to plan and implement as a minimum a 6 month drilling program. Effectively giving us more leverage for the Ascot and other potential local porphyry with AA..... and if at the end of 6 months AA fail to agree a sale with us, we will be in the driving seat with a tested bigger resource and much more defined value to go to the open market.
The only risk to us imo is the potential for some of the Ascot drilling to fail to meet expectations, or maybe this 3rd porphyry not to be realised. Is this risk small? The technical team will know best in this, but certainly the wording used for Ascot would suggest that at least Ascot has a high probability of success.
Thats my opinion/hope of where we go over the next 6 months. Im sure we will get a better idea of the nuts and bolts of the plan soon.