Good question OW, looking at the current information there's been 5 holes drilled so far. Don't know if there in a line or weather width has been tested. I assume we will need quite a bit more drilling but first let's get the main hole done and see how deep the mineralization goes.
Thanks Andrew, so going by those figures and using 2%, I came to the valuation of £225,000,000. Based on 2mt of contained copper. To get to that valuation I assume there is quite a lot of drilling ahead of us!
Anyone on here have an idea of what the value of bushranger will be if we get to 400mt at the current average grades? I'm trying to find projects with similar grades and value but my experience and knowledge on the subject is very little!! If someone would be as kind to inform me with knowledge and links, that would be great. Thank you
RE: Colin Bird, Executive Chairman, Interview10 Jan 2021 17:01
I agree Bitcoin, the amount of copper that will be needed in the future for the ev revolution and also the green revolution will be massive. Not only that but third world countries are increasing their need for power and technology. All of this will increase demand for copper and therefore the copper price will see a sustainable rise. I suspect the majors will be looking for projects for future development and that's where xtracts bushranger project could really be a game changer for us.
Anyone on here have Twitter and would like to nudge Tom winnifrith on his current xtracts position? Not that I care what he thinks but more importantly to get his followers up to date on xtracts current positive possition.
Copper price steaming ahead. Looks like Colin was right with his bullish comments. Won't be long now till we hear more on kelengwa and eureka. Let's hope we have them start production soon. Lots of news to come this half of the year..... Very exciting indeed!
So, let's talk about bushranger... Anyone have an idea of how long this project will take before its ready to show to AA with a pretty bow on it?? We have three holes being drilled in phase 1, if these holes are good there will be a phase 2. Will there be more? Or will these two phases get us to where we can offer it back to AA. I suspect a lot more will need to be done prior to unleashing the projects full potential. I have no mining experience but I assume if it was as easy as 6 drill holes then AA would have done that themselves. Looking at the bushranger summary they have a budget of $2,000,000. So how long will this project take to add significant value??