Member Info for Joeman1

Yes Dogberry, I was going to mention it... you have hardly sneezed at all this year

Always good to reread your Jangada for Dummies thread DCat.

Could someone tell me.... because I've heard the term many times and placed my own interpretation..... and of course I might be wrong.

When people describe "downplunge" as Colin does regularly, do they mean the source of the magma intrusion? I.e. the root of the tooth.

Thanks in advance

I got the impression that the remaining survey results down at Footrot were only a slack hand of weeks away.... so I am expecting them this month..... maybe next week?

Rothchilds aren't getting paid unless a deal is done.... whether that means they are likely to double down on AA or entertain others is anyone's guess (if AA are making offers that are good but just not quite good enough, then I'd guess they'll double down).....

I think it is clear (imo) the holes (2 &3), were hoping to extend the orebody by probing depth. Because the geos had postulated that when hole 1 lost mineralisation it could be representing the point where it dipped down.
Remember it was from just analysis of the mineralisation (pre assays) that they started then talking about finger porphyrys, and it looks like they were right, but just the grades lower down don't appear to be as good.... im still interested in hole 5 and 6.... but more interested in the early phase 2 holes now.
I'm thinking its safe to work on the basis that the extended area picked up to the east in the survey occurred in the same event that created the mineralisation we have already drilled. That would therefore have the same drivers to development of mineralisation.... Early phase 2 drilling will hopefully confirm this, then we can start postulating the resource based on the volumes indicated in the scans.......
I think we will be calculating big numbers from that.... easily 2 million tonnes copper.

I'd be grateful if the more knowledgeable posters on here could comment on my thoughts here.

Too true O&W, but it's the mining contractor that has put out for Manica this time.... its their money on the line, so I'm expecting their projection to be realistic.... so that money starting to flow into the bank 3 to 6 months from now seems more reasonable under that light.

Would be nice to see it reiterated from XTR though, along with site pictures that show the tailings dam well underway and MPIs landed on plinths...... but then im a visual kinda guy. Lol

It wasn't a Daily Mail article.... it was an AskInvestors article, link in Gixxers post from yesterday. I was sarcastically calling the journalist a Daily Mail freelancer because it was so one-sided and completely ignored any of the information that would have formed the alternate view - despite (imo) the Alternate view being far more supported.

I have to disagree lurker.... the article didn't even try to disguise its intent....

To pick the the lower grades found at deeper levels by only 2 drills and suggest that 'some analysts' say Bushrangers can't be open pitted and needs expensive mining is disingenuous imo.

When the current main resource starts at only 10s of meters below surface and the recent mapping indicates significant mineralisation potential between surface and 450m that extend this by at least 3x (drilling and assaying needed to confirm). Then cost effective open pit mining is definitely a strong candidate (hence 3rd party study).

I also disagree on your judgement of the podcast with the team..... I thought it was exactly what we needed to see.

What a poorly written article..... Freelancer for the Daily Mail?

I thought one of the photos on the website was from Longhau hitting the seam they were aiming for..... and that was added ages ago. So I agree, we are long overdue an actual update on all of these. The rains may have hindered production on all fronts ..... but it doesn't make the gold disappear.

So it would be good to know how these currently stand.

Good comments CE, and as someone who Colin talks to, I hope he can convey what you want to hear.

It would certainly be good to know how those other Manica contracts are performing considering they must all be in production now (alluvials, guy fawkes, boa). Even just as you say confidence that we are now cash positive (major drilling operation excepted of course).

GLA.... I have a good feeling about this month.

I did see that Shorn....... decided to put my tin hat on and close my eyes.....
I doubt that's been missed though..... can you imagine? "You had one bloody job Tony..... "
GLA

Yeah, Colin isn't managing the phase 2 drilling programme. It's clear that the team in Oz are doing that and reporting to Colin on a line management.... or maybe even more corporate management basis.

Colin was responsible for getting money together and maintaining license paperwork and employing the team..... the team (if I read yesterday's podcast correctly) are delivering not only the drilling plan but also the JORC and confirmed 2MT (or more).

Both CVs impressive..... it appears that to both of those guys that this is their bread and butter.

I think lab delays not withstanding that these guys will be significantly better at meeting promised timeframes than we have seen historically from Xtract...... but all just my opinion and nothing is guaranteed.

Thanks guys.... it was the 2year estimate I was aiming for, for AA to turn a project into copper produced.
I picked Jan 1st as an easy benchmark, but I already had the drilling going certainly to end of December so unless AA or someone else move early, we will be watching this develop into 2022

It was just a thought process

For my own knowledge and understanding..... can anyone give me a likely project timeframe if :
1. We produce an Updated JORC by the end of the year and
2. AA signed on the dotted line 1st Jan 2022 and they owned the mine from then....

If AA really wanted to put this mine into operation quickly.... how long would it take them? 1 year, 2 years? 4years?

This is just for my own interest ..... when could I realistically start telling people I helped to finance the copper in their new EV?

Exactly Cygnus.... add to that the fact that Africa more than underpins the current shareprice..... and I see no sensible option but to sell (sarcasm)

I hope peeps are keeping an eye out for the interview.... CaveatEmptor..... dont suppose you can message Colin and ask what platform he will be using for future podcasts.....

And if the mineralisation in the zones identified in the survey work, much of it near surface, mimics the near surface results we already have at BR, then the 2mt copper will be exceeded.....

I'm assuming the early drills in the phase 2 campaign will be sticking flags in the survey results to show this. Hopefully Colin can confirm this strategy in his podcast today (if he does one).
So it might take until Q3 before this is confirmed... but just look at the survey results..... the potential is still huge.

I agree JDAU. It wasn't until these diagrams that I fully understood WHERE the drill holes were aiming for. I thought they were aiming for the outside edge of the cigar/onion to allow the geographic shape to be estimated better. (And scale of resource inferred from that)....

Now I understand (I think)... these are additive rather than shape defining, in that they targeted a new section of porphyry. (The area we only had a single drill result so far and therefore nothing to give perspective).

I think these have been read overly pessimistically by a lot of people...... imo

Sorry.... ignore my question.... I can read it better on the official LSE RNS page..... Reading tables on my phone on lse.co.uk is a flaming nightmare at times