Member Info for Joeman1

lol..... sorry Fosters..... I meant 10p by christmas.

Of course this is making more than 10p.

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.

I understand the frustration with slippage... and I was originally invest in 2017 waiting for the 3 alluvials contracts/5 processing units to strip the alluvials in <12 months to let them get right at the Hard Rock in 2019.... to then have the rug pulled.

But I still see this as positive....... All the big ticket items installed and ready, power and water, mining contractor gearing up to start mining.

I dont know if its in the T&Cs of their funding agreements with MMP but Empress seem to get a lot more regular feedback on progress. And better pictures.

I see this update as positive though Lucky...... Power, Water and MPIs installed and mining contractor mobilizing.

https://finance.yahoo.com/finance/news/empress-royalty-provides-investment-portfolio-120000302.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAAIX6c4d2_8R4H8XphUdhmY8-dJWXEUc_qpVjgoqQvL70uXvfFkYGs6avdcNRREiRPnr-1o7OaEKb62XfwSFVyMueO06KETIft31y3p6azUBJAgFXzwA-DrgrVci-jKXtNSrYVRzBdlFHR02z6uRRyMcoZTBc8ntcaXyB_NWL4m8Y
Empress are at a mining conference today and so have provided an update on all their investments. On Manica they state:
Earthworks complete, CIL Tank and Tailing Dam complete, power connected, water available, several modular units are delivered and being installed onsite now ........ and the mining contractor is mobilised and preparing for commencement of mining. .....

However MMP are estimating processing in Q1 2022.... so it seems I was a little optimistic to stick with the plant being commissioned by year end.

The link is to a Yahoo news article from today (if the link doesnt work). Some nice photographs .... and to be honest, although its slipped into the start of next year, this update gives me confidence that it really is about to happen. .... I think the can has had its last kick

GLA..... and Colin, get some of these new pictures on the website.... really puts a bit of spit and polish on the whole thing.

I think the upcoming revised model will show significant amount of mineralisation..... more than enough for us and the market to SPECULATE on the 2mt having been reached..... but the lack of assays preventing the company from claiming it.
So by the new year we will have seen a partial rerate into the teens. I agree with Andrew .... a small raise at that point is very easy to stomach imo.... and wouldn't be enough (with warrants included) to burst the billion shares mark.... which I use as a defacto figure now anyway when I'm gauging share price potential.
But the raise may not be needed.... im going to be more optimistic and suggest the Manica plant will be processing rock by year end...... it will be the revenue that comes in Q1...... but reporting the processing will be a significant milestone for the market.... and LTHs.
All imo....gla

I think the upcoming revised model will show significant amount of mineralisation..... more than enough for us and the market to SPECULATE on the 2mt having been reached..... but the lack of assays preventing the company from claiming it.
So by the new year we will have seen a partial rerate into the teens. I agree with Andrew .... a small raise at that point is very easy to stomach imo.... and wouldn't be enough (with warrants included) to burst the billion shares mark.... which I use as a defacto figure now anyway when I'm gauging share price potential.
But the raise may not be needed.... im going to be more optimistic and suggest the Manica plant will be processing rock by year end...... it will be the revenue that comes in Q1...... but reporting the processing will be a significant milestone for the market

There is when U are drunk.

Im pretty sure that the reason for having these in the same plane (you are right they are probably many metres apart where they look to be crossing but close enough) was to understand how the porphyry works. So when they dived down with hole 22 they were running along a section of the porphyry that they had already probed and therefore had some idea of its form. I think the team were trying to see if they could catch as much as possible a higher grade mineralisation and see how it kept its quality at depth.
I think its a sign of how much thought is going in to each drill.... and I think hole 22 paid off (obviously dependent on assays).

If you look at the drill locations and directions Screenlearner, you will see that these 4 holes are actually along the same E-NE plane, so they are as near a dammit from a 2 D slice.

That is a great cross sectional diagram isnt it. Really shows the considered way this drilling program is progressing.

Based on holes 011, 015 & 017, Xtract were able to use hole 022 to target following the intrusion back down towards its source but skirting the root and remaining in the stronger mineralised zones for a lot of the way.

great work

Chris,

Sometimes that level of post is just what a chat board needs

made me laugh

https://www.bezantresources.com/philippines

BCB, the position of this project is clearly laid out on the website (unless this has been surpassed by any works.... but I dont believe it will have been this close to licence renewal).

Basically there is a commitment to spend additional exploration money on the project in the time frame of the licence along with a commitment to spend an amount of money developing the DFS for the mine.... so they are some way away from mining, but with the relisting funding of MMIH, I am hoping to see evidence that the expenditure commitments through to delivery of this DFS is covered by both parties.

The way I see it, BZT are hoping for some revenue in the in the shorter term from their JV with CMRS, followed later by a bigger payout relating the the Philippines project. In the meantime shareholder value will be added by the market factoring in the value in both these projects along with positive exploration results from their African projects.... that is how im reading this .

If im wrong with any of these statements id appreciate someone correcting me.

Im thinking Mark that that might require another set of positive assay results to take us there..... Hopefully this week.

I didnt see the 5p as a suggestion of value. Iceberg was quite clear... it was the outlier low value from a set of principles for calculating value... the fact that it was such a low figure shows the problem with damned statistics.

Hopefully we will soon be getting an updated model and we can get back to debating how BIG Bushranger is.

To be honest.... im not sure what AA might do, but more than likely they will wait until the JORC is reissued.
The best defense of XTRs bargaining power though is Manica revenue from Q1 2022..... and of course the knowledge that every party from the drill team, through to the lab processing the assays and the geos analysing those results to build the model will all be working to the code and standards required. That has been stated many times so I'm not worried that any corners are being cut.

I will say... in my opinion.... for him to sound so bullish today... I'm going to guess that the visual results of hole 25 are as a minimum looking supportive.... looking forward to the RNS though

Gla

Hi Ice, I think you got the wrong end of the stick there. Colin wasn't suggesting he can release any old valuation to the market. He is saying if AA ask them they can give their own internal assessment values and AA 'could' make an offer on that basis .... along with their own due diligence of course which would include reviewing the source data.

If Colin was suggesting that he could tell the market (us) what the value was without following the correct regulations then of course he would be wrong. But I didn't think for a moment that was what he was saying.

He has stated Tier 1 many times but it usually follows the line " it is our belief we have a...." maybe the emotional response to the suggestion it might go for a lowball offer took him over the edge.
If he gets in a bit of trouble for being a little forward projecting then I've got his back.

Has there not been an investor Q&A or at least a presentation penciled in this month? Did I dream that?

If its real, can anyone indicate when it is scheduled to happen?