Member Info for jwoz

I dont think the current drilling is anywhere near priced in. Let alone the SE anomoly being a factor to effect price in the near term, unless we see a Jan-esque rush spike between now and christmas, prob up toward 20p

The price once 2MT is proven will be 3 or 4 multiples of today… or if it isnt then thats down to market tomfoolery and it will catapult there as soon as an offer comes in.

The buy out has no relevance to SP and is fair value… which most have concluded and agreed sees a low end conservative target of mid 20ps for just 2MT…

IMO of course

Agree Shorn. I guess we also hear about 22 and 23 today too.... as they are complete at over 800m each.

Monty you must be thinking of hole 14
13 was planted on the east, outside the previous JORC boundary. then pointed north east (even further left and even further outside) at 50 degrees, so a fairly gradual slope down... and hit another 125m of mineralisation in that direction. All the excitement about the SE anomalies etc seems legit but hole 13 just proved there's a vast amount more on the top left too..

Gotta be
Surely
Cant go a full week without given every plate spinning
Nervous excitement cant cope til monday… as am sure many feel

Indeed. Def most pleasant board im keeping an eye on. Some others are awful.
Very much hoping the rise stays gradual, consistent and the 2 RNS p/week, adding to the story on the well researched truly know, can continue each week up to new year and beyond.

To spare us a herd of loonies and sharks

Ok - your message confused me as seemed you were suggested news on 20/21 tomorrow. NVM. I agree re early clue 2 weeks ago and therefore hopes of 2 weeks in new locations

Steve 20 and 21 were updated on 20th. Will be assays for them next in early december

Where are 22 and 23 though… thats very interesting. As one of them in plumb in no mans land i thought and clearly atill turning

I think we test a new penny each week or something similar.. if each week presents new holes and new assays. So its 7p next perhaps with a late 6 close. Then 8 and 7 and so on.

Feels a sensible way to rise 20 odd pence over a half year of constant results

Lets see

To be fair to Tymers (recently) he been saying some pretty accurate or at least candidly encouraging stuff

I still dont believe charts are applicable to illiquid (sub 250-500 daily trade) stocks so its intetesting to see such views, but the assessments have been circa accurate and measured in both directions

To all holders, as someone who watches more than speaks, but has been here holding, Good luck and thank you. Esp to regular posters who have helped settle nerves in whats been a time of concern/bewilderment at points. Ive needed some of the voices of reassurance on this board when silence played out and am sure many have.

It finally feels like the 3, 4 and then 5p onwards party might not be too far off. Long overdue. Seems foregone now

Lucky - as we know from here... SP doesn't reflect value at the best of times. so why would theirs? Only sensible comparison is what someone will pay for the Caravel resource... not their MCAP. as we are going to sell. only when a sale is imminent can you be certain share price is going to get to the "correct" place. just look at Morrisons for that recently

dont think we can have many complaints if we get 25-30p for Racecourse banked before October next year...

Beat me to it DRB. I was about to counsel our dear friend Chris2’s opinion

All in the original BR presentation from 2020

My reading up drew same conclusion steve. So im with you (but not an expert)

This is useful… https://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/copper-exploration-techniques-induced-polarization-surveys/

took a simple method of adding up amounts from Alluvials and Manica from updates in the last month
its actually more like $1.4
I realise the money makes its way to us in different ways/timing.
but its $1.4m nonetheless on its way.

we also have several mil still in the bank so are good for a while yet for that money to arrive.
and from q4 I expect the same updates will top $2m
which a couple of others on here who know more than me also seem to agree with.

i remember a $750k a month number being floated yesterday

we have had $1.5m this qtr just gone.
q4 2021 should be $2m
2022 onwards should be over $2m a quarter
probably worth reading up... maybe just a smidge.
its englightening

2mil a quarter in cash from africa gonna make that question far easier to answer… which is what q4/2022 onwards should see

10p+ is inevitable now.. as, id say, is 20…. Just need to wait. Cant imagine itll take that long either, in the grand scheme.

Heres hoping Iceberg, Ella, Andrew, Steve all get a mention tonight too!

All we need now is an intra day hole 20 and 21 update with mouth watering intersects, to complete the perfect set