Member Info for Lucky520

Having read the latest rns again, I think hole 16 may have touched another intrusion and that intrusion is what's leading to the SE Anomaly.
As described in the rns they believe another ore body lies beneath the existing known deposit.
Time will tell. Come on Colin let's have an updated model to help get our heads round this beast.

Yeah, bad news for the modeler! Your going to be busy!

I am thinking a few things are being deliberately delayed for an explosive rns with updated model!
One can only hope.
Really would like to see an updated model even if its just the tonnage before Christmas break.

Colin- we hit your 2mt target and more!
AA- so what have you found?
Colin- well we have a 2mt carrot laying on its side, an even larger onion in the SE and footrot has turned out to be an avocado.
AA- sounds good, here's £800m.

I truly am amazed by the magician Colin Bird who has managed to mesmerise investors into sticking with him through all these years and missed timescales.
The one good thing about this is he can use his magical powers to make AA pay over and above the real value of bushranger......rewarding us loyal followers!

I was going to say 2017 but thought I must have got that wrong, so went with years ago for revenue to commence. I'm now going to check when I first invested in xtract because I cannot remember.

Well yes good things do come to those who wait!
Xtract will provide a spectacular funeral service for me and provide great wealth to my yet to be conceived children.

Decent progress Steve? It was supposed to be delivering revenue years ago!

I don't see it as positive, I see it as another deadline set being missed. Wait till Q1 for the next update of.......initial production has been delayed and we now expect production in early Q2.... and so on.
I will believe it when I see the cash hit the bank. I don't suppose we will see an rns with significant revenue till June. I really hope I'm wrong.

What a surprise! Another delay lol. So it's gone from end of year to first quarter, That could mean March.
That's just for the initial production, not the full production.

Nice pictures of the work getting done at least!

It's been in negotiated order for a while now?
Large buy being worked?

Hear! Hear!

Just doing my own research on tier 1 v tier 2 deposits.
Found this and thought I would share for anyone who may find it interesting.

Tier 1 deposits are “Company making” mines. They are large, long life and low cost.

Using long run commodity prices it generates >$300-600m pa of revenue (i.e. >200 kt pa Cu or >800 kt pa Zn+Pb or >5kt pa of U3O8 or >250 koz pa Au) for >20 years and is in the bottom quartile of the cost curve. It has very robust economics and will be developed irrespective of where we currently are in the business cycle and whether the deposit has been fully drilled out. The resource is of a size/quality that it creates multiple opportunities for expansion.

It is expected that project’s economics will easily exceed the Company’s Cost of Capital + Country Risk Premium by at least 5 percentage-points … i.e. achieve a >12% IRR after-tax in low-risk jurisdiction such as Australia or Canada. This will impact on capital-intensity of the project.

Olympic Dam, Broken Hill and Cadia East are examples of a Tier-1 deposit.

As at Jan 2013, Tier 1 deposits have a risk-adjusted NPV at the Decision-to-Build Stage of >US$1000m. As a first-pass guess, for modelling purposes, the weighted average value of a Tier 1 deposit is notionally set at ~$2000m.

Tier 2 deposits are “Significant” deposits – but are not quite as large or long life or as profitable as Tier 1 deposits. I.e., it only meets some of the Tier 1 criteria.

Typically Tier 2 deposits are economically attractive/profitable in all but the bottom of the business-cycle, but has limited “optionality” because of modest size and mine life.

It is noted that over time, through additional delineation and/or changes in costs or business risk some Tier 2 deposits may ultimately become Tier 1 deposits.

Prominent Hill and Northparkes are examples of a Tier-2 deposit.

As at Jan 2013, Tier 2 deposits have a risk-adjusted NPV at the Decision-to-Build Stage of US$200 – $1000m, with a weighted average value of around $500m.

Steve, I'm having a little fun at the expense of filling the board with a bit of trash. Do apologise for that!
I will not continue anymore!
Last comment......3card, my partners anomalies aren't in the South ;).

3card, having read your previous posts on multiple boards I apologise for insulting you. You may be bold or grey, maybe depressed? Maybe your wife's the cu*t and that's why your miserable. Maybe you just need a hug? Well if you attend the next agm I'll give you that hug, take you out for a slap up meal with my fortunes and you can educate me from your years of experience.

3card, if you subject me to an insult then that's what you get. You obviously took offence to me calling out the derampers, why?
Yes there are over optimistic shareholders ramping the stock but that's OK if your invested or excited about making fortunes. Derampers on the other hand are scum. Trying to put down shares they have no investment in for their own personal gain or just because their jealous of others doing well.
I don't mind people commenting negatively if they have a genuine concern and its followed by a grown up debate.
I didn't vote on brexit if that's what your talking about.
What are you implying by saying did I vote remain?

3card, 'grow up'? No thanks! I still have all my hair and none of its grey so Why would I want to grow up and become a miserable cu*t like you?

Ce I believe he was talking of the cost to start mining it not the value of it.

At the start Colin doesn't sound too excited of hitting 2mt, he says he believes there to be 500mt but at what grade?
And then at the end of the interview he says where will you find somewhere with over a 2mt resource and all the other prospects!
I think Colin is trying to be Conservative but just can't hold back his excitement and inside knowledge.
Also I like the bit about the expert team in Australia wanting to name the SE find! Well you don't name a dud do you?
I think they know we have hit the jackpot!

I'm a bit worried, the derampers havnt shown up? Have they gone quite as they scramble to buy shares?