Member Info for LittleWing

How do you know he has been adding over the last week ?

The dimensions given in that Sunday roast interview (1600 x 600 x 150) at 2.7t/m3 give us 389 tons of rock. No way are we getting 2mT CuEq from that at our grades so I don't think the 150m is correct ?

Colin did originally negotiate a buy out deal for Manica hard rock with MMP but that has now lapsed I think. We could keep the revenue from FB and maybe sell on the other stuff (since we are only getting around 13% for those).

I wonder if Empress have fully grasped the implications that Colin involved Longhau as operators at GF and BE ? If I recall Longhau were brought in by Colin due to MMP not being in a position to generate revenue at the time which Colin wanted ? MMP did then agree to a smaller slice and allowed Colin to do that deal. I'm just wondering if Empress fully understand that MMP are getting a reduced slice from GF and BE. Just so long as any association that MMP has with Empress doesn't reduce our agreed take.

something going on we do not know about... :-)

rns 29th aug 2018
I'm totally confused now as to who we have agreements with ! I thought MMP now had sole agreement with us for all Manica hard rock ? Are Omnia and MMP one and the same ? Come on Colin... spill the beans !

I thought our hard rock agreement was now with MMP (FB GF DL BE) but was originally going to be with Omnia. I dont think we have a current agreement with Omnia as the MMP agreement superseded that with Omnia. Is there a connection between Omnia and MMP ? I know we have subcontracted out GF BE and DL (ourselves and MMP getting a cut) so I'm not sure what interest Empress have outside of their agreement with MMP regarding FB. I'm not sure if there is enough cake to go around for them to want a slice of anything other than their FB agreement with MMP (which is basically nothing to do with us and is between themselves and MMP). Does anyone know what involvement Omnia now has on our Manica patch ? Does their plant that needed upgrading have anything going through it that it is not benefitting XTR ?

why would Phil and Kevin want to release an RNS ?

We have been told that we "have the tonnage" and that Colin is "happy with the grades ". OK I cant remember the exact wording but that was in at least one interview. Also the "decision to mine and the 2mT is one and the same thing" in at least one interview. If he is now back tracking on those statements then it might be best if he says absolutely nothing else regarding Bushranger/Racecourse/Ascot unless it is via RNS as I'm not sure how he can recover trust and save embarrassment if indeed his interviews have been merely flirting with the truth.
I am keeping my large share holding as we await clarification ( lol). I agree with Andrew4444 and even if we have been misguided, the Manica revenue should limit any further downside. 10p is not what I accumulated shares here for but 10p is better than 5p.
FWIW my own scribbled calculations have us at around 2mT with Ascot to add to that.

Maybe its all a ploy to dissuade AA ? Perhaps Colin knows he can do a better deal with someone else ? Possibly AA have already turned us down ?

Oh Lordy :-)

rubys

From RNS
"The modelling will require the conceptual open pit to be closed off in all directions in order to ensure that infrastructure or tailings dams are not incorrectly positioned over what is a continuing ore body."
This was surely of equal priority when we were guided towards April/May guidelines for the open pit update only a few weeks ago. So something has substantially changed here. Has some piece of the puzzle that hasn't been released influenced the change ? I do get that Colin has stated in the last Zak interview that he reads the boards and wanted to clarify things but in all honesty the "clarification" has created doubts in peoples minds. Not necessarily a criticism but just saying how I see it.

From that report...
• Inferred Mineral Resource 71Mt at 0.44% Cu1
• “Good chance” of 500Mt1
• Projected to 1bt Project in the future1
• High-grade mineralised cap1

How can you miss your own point

Except you didn't actually buy anything at all unlike XTR shareholders who actually did go and buy something.

If we do have gold worth mining I would see if that Alexandra would give us a cheap pay day.

I stopped counting after I got to 2 million Tons ;-)

2 million Tons of copper in the Lachland fold is worth a tad more than 12-13p. You will have just made Colin spill his Yorkshire tea lol

Ella.. those that refuse to believe the story so far will not understand all the small bits that make the whole. Their continuing disbelief only means that they will exclude themselves from the rewards ahead.