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Another interesting post: [Lucky they found it, these old holes to headline to distract from bad current drilling results of:
1m @ 1.2% cu
13m @ 0.24% cu
2m @ 0.05% cu
9m @ 0.05%cu
2m @ 0.5% cu
Assay results from current drilling are hidden away down the bottom. ]
After watching Simon Paull in the video.... He did Not appear too Bullish and seemed to make a big deal over a saving of $1m through drilling requirements..!
Why I ask myself, is he getting excited about saving 1m spending if this latest report is so Lucrative??
It just seems strange that his body language was kind of reserved.
Maybe I'm over analysing things...who knows!
GLA
See Below Extracted from ASX Chat:
[ Well I'm a holder, with plenty invested, and I'm inclined to agree @Henry Walton. Nothing much out of these last 7 holes we were waiting on. I was expecting something like that as the visuals weren't as strong and the company had already announced previously they would be recalibrating their drilling plan as holes that missed were indicating a change in dip. So yes, it's handy that ROM Consulting found the FME records - I'm assuming as part of their work on prepping for maiden JoRC.
The FME results are interesting at least, for 50+ year old RAB drilling, except for the fact that they can only really be used as a drilling guide. The vertical results are an additional aspect I think. I imagine that they've got the company a bit further excited about open pit economics with some starting from very shallow depths. I'm not sure if it would change anything about the company's view of the model though?
This announcement doesn't add much to what we already know, at least not for me. But in the context of the campaign to date it's not a full bust. Where we stand, waiting for next round of drilling, is that we've demonstrated that there's more to the system than first thought and probably more mineralised too - halo mineralisation identified (which may add to open pit economics), a second parallel system found (but may be an offshoot) and possibly 3 separate layers of mineralisation.
What we don't know is what happens at depth and therefore just how big the Big One is. Right now it's 3 high grade lodes with potentially som economic halo in between them and around. I'm glad that the 2nd campaign will be designed to test depth but wish they'd put a couple of decent depth in this round - it wouldn't have been a gamble stepping out a bit more to go under the known lodes.
Looking forward, I note the IP plans for the area and the dykes not far away. Great, lets see if we can find more but I would like them to do some DHEM right where they are. They mentioned DHEM in the announcement but only as a possible follow up to deepening some of the existing holes - can't they get useful intelligence out of the existing depths? I would have though so given the possibility of a 2nd parallel system but they're paid to be the experts.
Summing up. There's a lot of work to be done to put flesh on the bones of the dream but we've made a start. ]
Unsure how to take that summary.
GLA
There should be at least one more Announcement today to beef up the importance of this result.!
Well done the Holders
Let's not get too excited..... In the grand scheme of things: A modest 13.6k buy is hardly a huge indication of someone who knows something.!
We all know what to expect and 13k is a very low risk (not likely to lose any large personal assets as a result) for a lot of private investors...Let's await the Real moves (which will be Significant) and most likely made down under before we are able to take Full advantage!
We Will however benefit greatly if the Assay's arrive with a good report.
GLA
Simple as we wait, it's important to HOLD to prevent the shorters from manipulating this little beauty!
The best things in life come to those who wait....
GLA
Good Morning folks!
There appears to be an air of positivity & anticipation of an exponential move for ccz. The term "Imminent" has most of us hovering with baited breath for the news to arrive.
My gut feeling is that there will be two or three very good announcements in quick succession which will launch us into a healthy position where many large investors/banks will try to get on board.
Put your feet up and allow these Geo's to bring home the bacon.
AIMHO GLA
It's likely that there will be considerable investment today.
Large buys should dominate today...
Fingers Crossed, Simon Paull is a shrewd and astute leader who is guiding the company swiftly and methodically.
GLA
These 2 new appointments are enormous: they are not being brought in to help with the assays... Those are fairly low cost Lab activities whenever analysis is required however, this move is based on Knowledge of the pending results. The Lab results are not strictly being overseen by police or security and the technicians involved have certainly been in touch recently regarding progress on the upcoming report.
This is a proactive move by CCZ based on sound advice fed back to management during the past 3 weeks.
If you were running this company which had risen almost 50% to see it drop day by day based on "uncertainty" I think You too would have been on the phone or visiting the lab for a mid-assay update.
This is a No Brainer and CCZ will fly IMHO.
GLA
Fair enough and I concur. Let's just hopethat the market for corruption will get tougher and we will see better transparancy with the 3rd world countries decimated by NGO's.
Good Luck :)
The Market Curves will be dictated on "Current News" and the shift of the Global squabbling we are witnessing at the moment. Last years news is no longer a KPI
I think you are scrambling around for negative stuff to post here. The link (report) you posted is 10 months old and a LOT has happened in the world since then, so it would be unfair to expext pesters to react to "Old News". Every nation has severe economic challenges ahead and the cheapest way to recover is by Digging!! Mining, Hydrocarbons, Metals etc are the only hope most of these countries have to recover; Plus I'm sure that the pandemic will have an enormous effecr on the 'viability' (No pun intended) of the corrupt NGO's operating in Africa. AIMHO -DYOR
Ooops... Copper the Most Desirable asset in an electric/environmentally booming world.
Mr Biden has pledged to make the fight against climate change a top priority of his administration.
He signed an executive order beginning the process of rejoining the 2015 Paris climate agreement, from which Mr Trump formally withdrew the US last year.
Mr Biden's climate envoy, former US Secretary of State John Kerry, tweeted that the commitment set "a floor, not a ceiling" for America's climate leadership and urged international co-operation ahead of the UN Climate Change Conference (Cop26) in Glasgow in November.
Strap in folks.... Copper is the most
CCZ is being widely touted as a huge potential muli-bagger and is generating serious intrest from financial organisations.
With much of the green stuff literally just below surface (shallow drills), this is being handed to us on a plate.
CEO really struggling to contain his excitement!
Waiting On Weather (WOW).. Just a short wait for wet spell to pass, then Boom.!
I would not expect so, however Sealion is their bread & butter.... it's madness to ignore how their value is climbing.... or perhaps you think they are more linked to retail or fashon.!!
Just glance at RKH to get a feel of where we are heading in the next week. A fairly useful indicator tool.