Member Info for Lucky520

https://www.visualcapitalist.com/coppers-essential-role-in-protecting-public-health/

Can someone tell ass-itis on the other board that actually the percentage sold of the NPV value is between 5 to 20% from my research, not 1% of that.
Tell him to do his own research and not manipulate others research. Based on the figures I gave 5% would be 95 million and 20% would be 380 million based on an inferred resource.
Obviously I'm no expert and all workings out could be complete tosh.

It's hard to get across without explaining the working out but basically an ounce in an inferred resource is worth 10% of the ounce spot price.

Cyber, I was only using that to get the correct percentage compared to the article.
The valuations in the article were for gold and the value was 37% of the April 2010 gold price for a measured resource.
18% for indicated
10% for inferred

Using the valuation method in the link I posted, I have come up with these figures. Obviously I don't know anything about valuing a jorc but here we go.
I have converted from gold to copper and used the gold value at the time of the article and converted to copper price now.
These results are based on 2mt contained copper, using $9500 p/t .
Measured resource 7 billion
Indicated resource 3.4 billion
Inferred resource 1.9 billion

I assume this valuation method is for the NPV.

Just need to work out what percentage a major would pay compared to the NPV.

https://www.stockopedia.com/content/goldstone-resources-how-much-is-a-jorc-worth-40212/

Thought I would share this. I've been trying to find some sort of valuation metric. This does say it's a crude way.

I would be happy to take 15p just for bushranger now plus the affrican assets. That's still only values bushranger at 150 million. I say I would be happy, that's only because I have a very low average.
I would still think its going cheap.

I don't think the huge offload would be PI's.

The African assets will be bringing in 12 million a year approx. Life of mine I thinks 7 years. Obviously a lot of variables but I think that warrants an SP of 4p.
If you say 8p for bushranger that's 80 million fully diluted?
I think we all know its worth more.
Colin and the team have options at 10p.

Colin Bird stated in a video interview that we do not have to accept the jorc valuation. The way I see it is, if we get an offer from anyone else we can then say to AA that's the price take it or leave it.
Nobody on here knows the clauses of the contract but Colin knows more than us.

They couldn't buy the whole company. If we prove up over 2mt in the open pit without footrot and the SE many shareholders would vote against.
If AA come in with a 12p offer I would think Colin would call the other majors and mid tier miners and see what they are willing to pay.
AA have the first refusal, doesn't stop us from getting offers elsewhere.

A full 18 days from holes 31/32 starting, but from previous workings out I figured they were reporting holes starting some 200+m into them.
I think they are long finished but why the delay in reporting?
Why have we not had an interview with zak for some time?
It does make you jittery.

Days since holes completed without assays received.
14 96 days
15 84 days
17 76 days
18 70 days
19 61 days
20 48 days
21 48 days

There does seem to be a delay growing in getting these assays. Now is it because the lab are behind and its growing or is there a deliberate delay for a news bomb?

Average days for assays is 72.5 days.
Looks like end of February, beginning of March for completion of assays.
I suspect the drilling team will be rapping up and going home for the holidays.
I think 36 holes would have been completed by then.

14 completed 2 September
15 completed 14 September
17 completed 22 September
18 completed 28 September
19 completed 7 October
20 completed 20 October
21 completed 20 October
22 completed 2 November
23 completed 2 November
24 completed 9 November
25 completed 9 November
26 completed 19 November
27 completed 19 November
28 completed 2 December
29 completed 2 December
30 completed 2 December

Time from reported completion of hole and reporting of assays.

Hole 7 66 days
Hole 8 61 days
Hole 9 70 days
Hole 10 78 days
Hole 11 85 days
Hole 12 97 days
Hole 13 57 days
Hole 16 66 days

Large trades going through on the 3rd?
Buys, sells??

I am happy for a phase 3 or 4 and it take 2 years but I can't wait that long anymore. If this goes to 15p I will have to sell 30% of my Holding and then I could wait another couple of years.
I hope AA come in with an offer of around 15p and we turn it down to carry on exploration. I think there is much more to come from bushranger.

I'm interested to see what's in hole 17 assays.
If it shows good grades, we will need a few more holes in the east.
I don't think we will even go near footrot yet.
We also still haven't found the SE ore body yet.

So holes 07-30 come in at 15,989m
So we have 4000m left of the 20,000m plan.
I suspect holes 31 and 32 are complete and approximately 1700m between them.
2300m left...... maybe another 4 holes to complete the program.
Looking at what we have I think we're in for a phase 3.
Looking at the cost and our projected revenue, we don't have the funds for phase 3 yet.

At the agm Colin said we will take a break and see what we have.
I can see the completion of phase 2 confirming 2mt, we then approach AA and see what they want to do.
We may sell then if the price is right or we refuse their offer and have another raise to fund phase 3?
That's of course depending on when fair bride revenue comes in? We may not need the raise. It could be tempting to raise for phase 3 if this spikes on talks with AA.

It's Sunday, I'm bored. Would be nice to have a new model to watch but I don't want it now unless we've hit the 500mt or the 2mt target. I think the market would see it as failure given Colin comments.

https://www.ft.com/content/4c0eb548-3c00-4702-8d43-227d80b94a4a

Chinese going for the talibans resources.