Member Info for luckyorange

I suppose for the size of Oz you would call it very close bitcoin , about an hour by road to Fosterville but much less as the crow flies . Became the most profitable due to the shoots with visible gold in the quartz showing some very high grades . But that is why the team are excited when they see the shoots and other clues
"Mineralization at Fosterville is controlled by late brittle faulting. These late brittle faults are generally steeply west dipping reverse faults with a series of moderately west dipping reverse splay faults formed in the footwall of the main fault. There are also moderately east dipping faults which have become more significant footwall to the anticlinal offsets along the west dipping faults. Primary gold mineralization occurs as disseminated arsenopyrite and pyrite forming as a selvage to veins in a quartz–carbonate veinlet stockwork. The mineralization is structurally controlled with high-grade zones localized by the geometric relationship between bedding and faulting. Mineralized shoots are typically 4m to 15m thick, 50m to 150m up/down dip and 300m to 1,500m+ down plunge, and have average grades of 5 10 g/t Au, with individual assays up to 60 g/t Au.

Primary gold also occurs as visible gold at Fosterville, where it variably overprints sulphide mineralization, and is found as disseminated fine specks (>1 mm) of gold within host quartz veins. The visible gold is spatially associated with antimony mineralization, in the form of stibnite that occurs with quartz and varies from replacement and infill of earlier quartz-carbonate stockwork veins, to massive stibnite-only veins of up to 0.5m in width. The stibnite-quartz event occurs in favorable structural locations, such as the Phoenix, Eagle and Lower Phoenix structures."

https://www.kl.gold/our-business/australia/fosterville-mine/default.aspx

I do like it when ECR @'s Kirkland in their tweets , makes me smile, Kirkland will be watching (just in case) .
ECR only getting shoots about one quarter to one eighth the size , but that will do for now.

Didn't want to leave those warrants to expire!

The sudden exit from coal has caused the price to spike way above where it should be (thermal) . Companies are taking the decision to dump it or are forced out by major influencers. Unfortunately the infrastructure is not in place to support the sudden dump therefore it will take years to slowly move away from it.
Oil will have similar problems and the price will go up in a similar way , nuclear was dumped previously and now they are looking to return to it as clean energy.
Every action has a consequence , wind power is only available when there is wind (a revelation .... I know lol ! ).
It is all about creating a balance rather than all or nothing and a rush to where the money is or going to be.
Coal has another 20 years to run at least as a back up source of power as we have just found out with the gas and wind power shortages.

Four weeks ago since they said they are in discussions Bridgedogg, not long ago but may seem like that. I can wait until they get it over the line .
As far as China goes with the coal retreat , yeah right , until next week , they do tend to shoot from the hip .

Keep talking like that Trek and Craig will offer you a pr job.

One thing wasn't adding up for me AG and that was the 40 mtrs a day comment if (I thought) we were only on the 10th/11th hole so yes 13th was a pleasant surprise and the fact that they are seeing 'shoots' in the cores.

Brewing Lane property they seem to have moved quickly from the 003 assay results , to soil sampling the property to securing it and similar move with Bailieston so fingers crossed on that one too .

Huge delay with the assays it seems so a lot to come over the next couple of months and by that time they will be drilling or have drilled on Brewing Lane and started on Nagambie after completion on 8th October there.

New drill should be arriving too so the pace is picking up.

Continuous negative comments in a share that you are in does not make any sense whatsoever C1, if you think it does then there is something wrong with your critical thinking .

"@lucky, still long, matey. Just not living in cloud cuckoo-land."

Me neither Paul and pretty sure others won't be taken in ;-)

"adjacent to high-grade hole CSD003 and close to Brewing Lane property"
"It is anticipated that monies will be paid, and completion will occur, on or around 27 September 2021, and further updates will be provided at that time." (on the Brewing Lane property).

They will be on there asap and Paul the shorter will be off elsewhere, he is running scared folks , getting desperate.

#Drilling Hole CSD0013, adjacent to high-grade hole CSD003 and close to Brewing Lane property
~ Assay work on samples continues to reveal geology and mineral 'shoots' https://twitter.com/ecrminerals/status/1439849118105542661

4Q 2021 2022 AVERAGE
Thermal coal (old) $100 $85
Thermal coal (new) $190 $120
Coking coal (old) $155 $155
Coking coal (new) $230 $175
The bank also lifted forecasts for coking coal used to make steel, with fourth-quarter prices now seen 48% higher at $230 a ton, while it raised its 2022 average by 13% to $175. Australian coking coal futures on the Singapore Exchange settled at $365.50 a ton on Tuesday. https://www.bloomberg.com/news/articles/2021-09-14/goldman-almost-doubles-asia-coal-price-forecast-on-energy-crunch

It is set to rise Angoose , I will repeat that I hope Craig is ok , showing what a great ceo can do given time and a little bit of luck.

1.75 was a gap on the hourly chart , there is a gap further down at 1.66 (mentioned it before) , once they move on without leaving the gaps then there will be nothing to pull it back for , I don't know whether they are stop losses or bots playing but those gaps are always a target to be filled.

I got the impression Snip that the rapid pace was down to what is happening with land prices there and they snapped up the two for those reasons as well as the crown land thing.
With the Creswick one they found gold nearby (not enough for a mine) but the Bailieston one they found gold in the soil samples it seems but with the old workings there it is a bit of a clue.
Interesting about the antimony (the value of which could exceed the gold) and the usefulness of the size of the acreage regarding Bailieston as well as not being too far from the Blue Moon prospect. The antimony has been mentioned previously as part of the mineralisation so it is good to see that it can be sold on (Mandalay resources , Costerfield gold mine comments).

Strange thing to do though Paul you must admit, purport to be invested in a company with your cash and yet continually call it down . If it walks like a duck springs to mind and I think when this goes up you will be nowhere to be seen.

They found gold on the first property and they will be drilling both (2nd one has the old gold workings on).
He does know what he is doing bitcoin.
One concern that he looked as if he has either lost weight on purpose or he has been unwell , I hope he is ok.

If there is no deal being discussed right at this moment then the management are in suspended animation , interesting buys today.

Founding shareholder of Kryso Resources plc, now known as China Nonferrous Gold Ltd. Acted as Finance Director and Company Secretary of Kryso before becoming Managing Director in 2010 and stepping down from the board in September 2013. During this period, Kryso/CNG delineated a 5 million ounce JORC Mineral Resource at the Pakrut gold project in Tajikistan, completed a bankable feasibility study for the project, obtained debt and equity finance for mine development, and commenced construction of the mine and infrastructure.

Mr Brown has worked for 24 years in the mining industry and held positions with Gulf International Minerals Ltd and Nelson Gold Ltd, both of which successfully put gold mines into production during his tenure

You have hit the nail on the head there LW , he said (in the past)
more drilling at Creswick to prove it up for the jv ??
Prove up Bailieston and go it alone if no one interested in jv?
I had forgotten about the Chinese backing .
So much going on but suspect Craig has a tick list and would guess that he has hit quite a few of them with more to go.

When the money has already been received then I take that as ********** for they have already been forward sold.