Remember, we are now expecting them to provide us with an updated model in the near future...... that might slow the reporting of assays. Its obvious from recent RNSs that they now do a bit of presentation work together before issuing the results from the lab.
If im honest id me happier if they spent the time on the model update and rolled a few Assays into this.... rather than keep issuing them as they arrive ..... into a market that doesnt seem to be that interested in the individual holes.
The rights dispute around Kalengwa came up over a year ago im sure and was put to bed in terms of which company has the right to exploit it.
I didn't think it was an issue any longer.... I cant see how it would affect either Manica or Bushranger that are in different countries and those are the concessions 95% of people are invested for imo.
Thats great Andy, so a bit of an improvement on what was stated in their last video....where they thought Q1 for production.... Andrea is now saying that they have had a great amount of discussion with MMP on their construction progress and they are expecting to get into production by year end (only 5 weeks guys)...... with revenues in Q1.
So it looks like they have managed to pull this in a little.
Shame we need to hear it via Empress but I suppose in terms of the priorities for MMP....... money talks, we just hold the licence.
On that basis Chris, I think the next revision of the model will help anyone put numbers against the current understood size of the deposit.... which is likely to be significantly more than 500mt (Colin drew a line at 1billion on the investor presentation and that was before the first drills in the South East came back showing visible mineralisation).
XTR wont have enough assays to calculate the contained copper.... but we will be able to estimate what this will be in contained copper based on 0.15, 0.2,0.25, 0.3, 0.35 ....etc..... Hopefully that will be enough for new investors as im expecting this will show the company value of Bushranger to be a lot higher than 5p
The % of copper being returned might not be high at between 0.2 and 0.4, but the results are consistent and that is a positive in it own right.
just my opinion of course GLA
Maybe another investor podcast with the technical team will move this shareprice, going through what the model currently looks like..... if its just the estimate of mass of mineralisation would they even need to RNS it first? Without the assays they need to avoid making forward statements of course.... but can they do it ?
Over to you Colin
Steve, ive always been interested in hole 17 and the IP results registered to the east .... with the apparent bridge in the IP signatures right where hole 17 is....
The lack of any mention of this from the company after that initial model was put out there and then discussed in the technical call makes me think that they are less hopeful of this giving us anything.... so they are focusing on Southeast and South/ Southwest signatures and these seem to be returning positive visuals.
I do hope i am wrong with this, as it would be yet another area of mineralisation ..... and yet another area not to sight the processing plant
Who would vote for 15p? The Manica hard rock and associated concerns are worth 5p easily. And Eureka could be easily worth the same again.
I'm sorry I can't see the votes coming in for a 5p Bushranger.... Colins literal words..... "This (BR) is not a 5p mine..... "
Reasonable terms. Its usually much more Draconian conversions for CLNs. Perhaps that is because Sanderson are already an investor, and so see the benefit of protecting their investment from less scrupulous financing options.
My understanding is that the locations identified for the remaining phase 2 drill map have been approved.
Before they gained approval for these, they had already finished the last hole from the previous round of drillling. However they kept drilling, just going back to previous pad locations and drilling in a different direction or at a different angle.
My point being...... I think the license or permit covers the drill pad locations and not so much the length of the drilled hole or number of entries from same location. Happy to be corrected, but thats the way it seemed to me.
Totally agree with the comments....
i'd be happy not to get any results this week, even if that meant a small retrace..... but then drill results, assays and updated model next week. We might just get a good movement on the back of that.
Well before my time George.... but there has been a failed South American mine since then.... but as well as that, be careful not to confuse share price with Market Cap.
Not sure how many shares were in issue at that stage.
Since the last interview where Colin talked XTR he mentioned the updated model that will at least give us an idea of where we are in terms of tonnes of mineralised rock..... Im wondering when that will be released as I think that it will spark a good bit of debate and analysis.
If it is enough dirt to make the 2mt if the avg Cu% is say 0.3 to 0.4 then I think that will really fire things up.... most of the jigsaw pieces will be out of the box then..... its just a case of starting to put them together.
On Manica Hard Rock and the coming rainy season..... I wonder if the mining contractor will have started some mining to provide a feedstock for commissioning of the plant with.... Easier to draw from a small **** heap while its raining than digging it out of the ground.
CE, by christmas we might potentially have 5 or 6 further assay results and be significantly through the remaining phase 2 drilling, so I dont think its overly ramping to suggest it COULD or SHOULD make 10p by christmas.
Whether it WILL make 10p seems to be as much in the tea leaves as in a representation of its real value.