Member Info for Joeman1

So the reapplication for the License was submitted ... I think in March.... the date for the existing one being expended is 11th November.... why o why do the authorities always leave these until the last minute to issue? It seems to be the same in every miner/explorer I invest in.

Anyway, good grounds for expecting news this week and I think the subsequent relisting and fund raise on ASX will progress soon after..... There just isnt going to be enough copper.

AIMHO

The African revenue..... gold to start processing by year end supports the current shareprice on its own.
If a poor drill 25 leads to a dip, it will be short lived.

Inherently the energy balance for using hydrogen in cars means it requires about 2.5 times as much energy than the electricity you need when you make your car move..... unless they can find a novel way to store this hydrogen without compressing it then the energy balance is simply against hydrogen.
If it is electricity you need (i.e. fuel cells convert the Hydrogen to electricity to drive the cars) its therefore more efficient to store it as electric. You would either need to identify the alternative benefit it gave you to store it as hydrogen, or face a strange conversation trying to justify why your journey is always more than twice as expensive than everyone else (so range might be a reason i.e. Long haul haulage or maybe air travel). So I have to agree with the posters that say it doesnt seem to make sense for Cars.

Hydrogen can play a role im sure but maybe as a means of displacing other forms of energy currently derived from fossil fuels.

anyway.........this is good for copper demand, therefore good for this stock..... so for once the science is on our side. GLA

but plus...... (plucking a value form the air).... £10million drilling etc to move a relatively small % into the measured resource .... imagine what £10 million of drilling in the south east, south west and Footrot might do to the overall inferred resource (assuming our fortune continues and we find mineralisation in all areas)..... 2mt could be 4mt....could be 6 mt...... (or could stay at 2mt of course....thats the risk)

Steve, just my opinion, but if we were to move ANY of the resource estimate to measured.... we should only stick to phase 1 of the open pit... or maybe even just the original JORC.... its over a small area, self contained and shallow, so limiting the amount of drilling required to get there. It would also mean that the portion of the project that pays for the capital investment is significantly derisked for the buyer.

Im not saying we need to do that to get a fair value for Bushranger though.... might pay bigger dividends to confirm the extents of the other anomalys.

I think there are many ways to skin this antipodean feline

5 years for Xtr to drill this and get to measured..... I dont think the marketplace can wait for us to do that.... with the supply deficit already nipping our heels... it needs a major to buy it... deploy a significant drilling and development team..... and get it to production in 5 years.
AIMHO.....& GLA

The cost of drilling and study work to satisfy moving from inferred to measured in this location would be a lot more than bushranger .... but also the logistics and infrastructure will be a significant proportion of development costs along with the drag on ongoing OPEX. The 50% value reduction from measured to inferred is nailed on.... but when making comparisons should we take it off the final shareprice target (my feeling).... or from resource value.....

I'd love this debate to include the context of the SE anomaly too..... with (we hope) a positive result for visible mineralisation..... (wouldn't wNt to be outta this over the weekend? ..... lol)

Good visible mineralisation in hole 25, akin to what has been returned in the current drilling will surely go a ways towards a significant price rise? just as the long 'ole in Dec/Jan last year was a step change in scale of deposit, then confirmation (although only visible and to some extent subjective) of the what is in that south east anomaly will begin to do the same?

Remember as well.... although we wont be reporting the revenue, we should hopefully get an RNS in the next 5 to 6 weeks telling up that Manica is processing..... for me another notch up.... particularly as it will be a signal to AA that we can continue drilling without raises.

I'm hoping for hole 25 today, but ok if it is reported next week..... but I love starting a weekend with good news.... or at least a Colin interview. He is always so optimistic. ??

I hope that FT chart doesnt just predict a consolidation lol.

Fingers crossed it moves someway towards this.... if it does ill be grinning from ear to ear

I tend to agree.... the selling/shareprice retraction has been on relatively low volumes.

I think the company just has to continue to prove up value and at some point the share price will move.

I have a small holding of shares here and it was on the basis of things like the JV with Caerus and the Mankayan project potential.... but have I undercalculated? One of those links you provided IK seemed to suggest that we would be due 42 million if the whole deal went through. And we retain 20% and we get 10million shares in the new listed company...

I have been waiting in expectation for this listing to go through in Oz but I hadnt realised quite how lucrative it could be..... Or am I putting 2 & 2 together and getting 10?

Did someone say a few days ago that Thursday was Colins birthday? If so happy birthday big fella and I hope you get some good news from that 'ole 25 today.

If its not your birthday..... im still hoping you get that good news...lol

8 Open pits
7 Assays testing
6 Drills a' turning

Maybe he is going to do an interview with Zak on the 4th and Zak will sing him happy birthday.

Im not expecting Sinatra, but come on Zak, you can sing happy birthday to the Colmeister.

The plan in the RNS on 12th October showed holes 20 & 21 in progress.... and I count 13 pink dots remining on the map... which would make it 34 holes in total.

Thing is, 22 & 23 started from existing drill pads and arent shown with pink dots..... so my supposition is that the pink dots are new drill locations that we are allowed to drill from in the approved permit ... but I dont think we will get to them all unless they sanction more funds to the drilling program.

To summarise..... I think we have up to 9 left to drill based upon their expected plan in the 12th oct RNS, but actually if a little bit more money is provided to the drill team we could get another 11 holes in based upon the approved drill map.
Or course a lot of the costs are /m drilled so if they stick to the budget it will stop when the money runs out.

exciting times

sorry I meant I really CANT see the risk at this shareprice.

3cardbrag, im not sure if im picking up your comment correctly... it might have been rhetorical.

The average grades being found so far means a lot of stuff needs to be mined, but thats true for most porphyrys (look at the graph of deposit types and grades over the years from the latest presentation on the website). The comments coming from the project is that there isnt a shortage of rock to be mined.

The economic model carried out earlier in the year showed the mine as paying for itself just on the basis of the existing JORC and almost all of the holes drilled so far in phase 1 and 2 will have been additive to this original resource. The expectation of the company was that they would be able to get to the 2MT, based just on the expansion of this JORC into a single open pit mine. It cant be stated as fact until the assays are in and the JORC issued but I think some of Colin's "Forward Looking" statements were that they were anticipating getting there with this open pit alone.

More the question now is, is the same mineralization repeated to the Southeast and to the South, therefore making this much bigger than 2MT.

The average copper grades from the JORC and the assay results received so far sit well against other porphyrys, and the resource starts from very near to surface.... so although there is always risk..... I really see the risk at the current shareprice.

Maybe he is right this time about a massive raise.... hence the upcoming investor communication.
This share is nothing without commercialisation and exploitation of that opportunity.
If there is a concrete (No pun intended) route to something truely significant then we should be happy it's finally moving even with dilution.
If it is a raise to fund more of the same then its definitely a decision time for significant investors.

I'm only in with pocket money at the moment..... so I feel that I can be objective.... to some extent.

We haven't had the RNS Andrew. ANDYM spotted this earlier in the day. It looks like an oversight to miss it from the assay RNS.... especially when the effort went into adding it to the map.

It's definitely there though.....