Member Info for LittleWing

Damn... it looks like like my hope that Q1 alluvials would pay for phase 2 have just been dashed :-)

Andrew... my thoughts are that it could well be all of bushranger which is why we are spending money now on the extensive IP and Phase 2. It wouldn't make sense to spend out now on something that doesn't have to be proved up so early if its only the racecourse bit that will be sold separately and first ? or it could be that Colin is playing our options as its not certain that AA will be interested regardless if their option is racecourse or all of bushranger. So colin may well be thinking somebody else may be interested in the whole lot ?

CE... Is not the AA buy back option for all of Bushranger though ? The scenario that we could benefit from say Footrot after Racecourse is offloaded would be ideal but I just cant find anything to confirm that its just the Racecourse area that Phase 1 was completed on that will be up for sale ? I'm sure Colin would try to negotiate something for the future though even if it is all of Bushranger that is to be lumped together ?

Maybe Colin will do a deal to attract some serious investment with a placing around that May-Aug time?

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/Manica link
https://www.youtube.com/watch?v=Z3ONXD8bTuQ

I will try to find it... it was a presentation by their CEO .

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 ?

FTF... can I suggest you go and invest in those "better prospects" and let us know how you get on ?

FTF... do you make comparisons with other shares on their BB pages, or is it just XTR that you constantly wish to paint in a bad light ?

imminently... ( slowly creeping out of the room backwards) :-)

Docit... unfortunately they still keep appearing to post their nonsense :-)

Docit... they still appear on the boards to post unfortunately :-)

"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.

Beauty is in the eye of the holder...

FTF... do you feel XTR has the 2mT ? simple yes or no

Are they not mainly sells from Friday ? If so more overhang cleared? It matters not in the greater scheme of things as they are what they are.

http://classicvalueinvestors.com/2020/10/20/basics-of-copper-porphyry-deposits-for-investors/