1plus1... Colin indicated that Phase2 would be more extensive than Phase 1 ? I dont know how much of the last raise cash is left but I doubt it will be enough to cover the new IP stuff and the Phase 2 drilling if it is to be larger than Phase 1.
Empress Royalty have indicated that revenue will not flow from Manica until Oct/Nov. Unless phase 2 will delay until that revenue can contribute then I cant see the SP doing anything but retrace tbh as the market will fully expect another raise. We managed the raise for Phase 1 on the back of a SP spike to 9p which reduced the dilution. I'm not sure we will get away with that again as there will be no further excitement until Phase 2 is funded and underway to lift the SP to that sort of level ? Long term this still looks excellent but I feel there will be lots of disappointment short term unless Colin can work some magic on funding Phase 2.
There does need to be clarity as it could be perceived that the 6 hole reconaissance drilling program just completed and paid for by XTR shareholders is for the benefit of BZT shareholders ? Surely its not the same area of the license ? It would not be good optics if BZT were seen to benefit from our drilling program. I questioned this last year and someone replied that it was a different area totally ?
If you are doing so well investing in the other "better prospects", why are you spending so much time lecturing us on how XTR is a dud ? I mean, we are not exactly taking on board your expertise are we ?
"The SP is low for a reason".... It is indeed since only a relatively small group of people have currently understood the rewards on offer here. As each month passes the total tonnage at BR increases and the cost of Copper increases. Those in now will benefit the most. When the market as a whole realises what is happening it will be too late for many to reap the huge gains on offer here.