Member Info for Lucky520

I understand that but the latest from the financial study used 0.15 cut off and we only have 414k contained copper. Just had a thought.... the latest study was after recovery at 80 odd percent and was recoverable copper. Answered my own question.

Andrew, but the amount they say is more than what we have been told to date. So how have we lost contained copper?

Don't know how accurate that table is but it has bushranger down for 495k contained copper?

Agreed!
I imagine quite the push higher if hole 25 hits good mineralisation.

The tail going west is hole 22. I've estimated it to be around 125m. That's how I got to 800m true depth at 81 degrees.

Hole 22 by my calculations is around 800m true depth drilled at approximately 81 degrees.
Let's see if I'm close.

Take a look at the length of hole 22 compared to the line shown. It must be at a very steep angle and testing for depth. Compare it to hole 17 which went far out to the east.

Steve, all I'm going on is Colin Bird in an interview said the SE could be a dud, But until we test it we don't know. I suppose there could be copper but not economical.

If the south east anomaly is a dud then a few will sell out. But I believe without the SE we will still have an economic mine to sell but I think the share price won't reflect the true value till an offer is on the table.

Looking forward to hole 25! Hopefully get that news in the next 10 days.

Just checked the drill plan with the new proposed drill holes and the farthest hole to the SE is another 1000m from the progressing hole 25!

Have a look at the distances between Hole 14 and the farthest hole to the NW, the distance is roughly 1500m.
Now go to the model and the distance between the farthest SE hole to NW hole is 3600m.
I don't believe we are anywhere near the SE yet but hole 25 is getting closer.
The scale of this is massive.

https://www.mining.com/cop26-will-be-a-colossal-mining-cop-out/

Turns out usa isn't an easy mining duristriction under Biden.

Huge buy or sell just shown up?

Daneth *

Danish, can you do the Jorc valuation for us please ;)

You have added an extra 0 somewhere in your calculations. 2mt is worth 20billion at $10k.

I don't know about 30p for every million tonnes.

This morning on another xtract chat someone posted about caravel in aus, they have approx 1.8mt open pitiable resource with potential to increase at depth.
Their mcap is approx £100m.
I had a little look at their grades and there pretty similar to ours.
I haven't gone into depth with research but they have good infrastructure around them, similar grades, nearly 2mt and MCAP OF 100M. I hope we don't get the same SP value as them.

And still open in all directions!

I think something is brewing, we have lots of news due and it hasn't arrived yet. I get the feeling the new holes and assays will all be revealed with an updated model this week before the AGM.