Member Info for Lukeytukki

Noted Apro, just revisiting the RNS from the 16th April, between West Ridge and Omco we have 5 holes left before moving towards Rockhouse, if the remainder of Olympic looks good, where do you think we will be with the SP?
It would be nice to get an update on plans for RH (unless there is some and I'm being blind) since we probably have just under a month of Olympic left.

Ahh so this I take this sub is now helping CB find his pitched tent! I'm not sure how rewarding this endeavour will be!

I haven't checked in for a while with this one. Are we still on course for proving up 2mt at about 0.2%cu and above?
I figured it was probably close to Assay time about now also.. but I see the word 'Imminent' is treading again.

If we get a jv, especially with the links to GGP and Newcrest, then we I imagine we will get a lot of spillover, 2p is reasonable for the year, but this particular JV would shoot us past that, probably on 4-5p region on giddy excitement.

I think the drilling campaign in the main focus now, it is what will attract a JV and move the SP. What would you expect to hear from an RNS about spoil heaps, I imagine we would only hear something at certain milestones as they progress through it all.

Anyone got any expectations for the West Ridge and Omco Extension?

I'm good with this, the dore bar is long gone, as explained we can't get an accurate picture of spoil heaps from one dore bar. Anything to come from that regarding grades etc would be potentially misleading, good or bad.

Thankfully penny stocks don't tend to move with the general movement of the market. Just a thought process... as the drop is mainly caused by inflation rates increasing and interest rate fears, the link between market fears, inflation and gold should move the gold price higher? So we may enjoy a short term rise in gold prices making what we mine worth all the more.

Just a hope.

My expectations are that we will move between 0.22p and 0.25p until news comes out. Hopefully news soon.

I think comparison is very difficult, usually you pick a neighbour in the same jurisdiction, that may be slightly further ahead rather than the other side of the world, but at the same time our most recent directorate change took on Gemma Cryan who came from Greatland Gold. I suspect there must be something in the ground to take on experts from previous big discoveries and maybe some parallels and JV discussions to be drawn and had. My own thoughts, not advice, i'm sure i'll get a battering from the chat groups de-rampers soon.

I don't get why people without shares in the company decide to keep coming back here...

Alyhels and Riseagain are both back, I'm expecting a really good Monday now, they've proven to be good for the share price in the past :).

I'm hoping its a hint that we are about to go concave up.

The stock market is merely a mechanism for delivering money from impatient to patient. The share price has started heading up since BH took over, the company is getting its act together and processing tailings, as well as drilling. The historics grades of the company look good, our tailings are commercial. We just need to sit tight for now. Daily/weekly aren't anything to worry about. What we need is official news and that could be around late May - June, I think that was quoted as the possible time frame in one of the Interactive Investor interviews. Outside of that copper is projected to keep on raising on the back of the strong demand as it feeds into Global Green initiatives, electrification and the EV market. Last I saw JP Morgan suggested $11,000 by the end of the year. Really as long as the price keeps rising, the less copper we need. Even if we don't target copper now, as long as the price keeps going up, the amount in the ground won't change, so the less we need and the more it becomes worth.

What you call a drop, anyone looking over the past 6 months would call the weekly/monthly SP range.

Every day it keeps turning is a good day, means there must be something in the ground.

It has been four days since we started drilling, I imagine we must have hit some mineralisation otherwise we would have stopped, or am I overestimating how far this drill is going per day?
With regards to news flow, as a relatively new investor to this company, is the Brian's style to release data in tranches after a couple of holes, or per hole?

Wasn't that long ago that he dropped an important RNS after hours to the benefit of the LTSH's and detriment of the day traders. I wouldn't be surprised if he did it again.

why the price would move* too much one way or the other on this basis. ***

I may be being daft here, but the SP price is going to be affected by a steady flow of RNS's regarding the drilling operation, mineralisation depths and what not as well as results as oppose to only receiving news that we are now officially drilling? We've all been well aware that it was going drill as its a favourable jurisdiction and its fully funded. I don't see why the price would too much one way or the other on this basis :S.

My thought processes is based on comparison with other miners at similar stages. But I don't see why if we have 3mt of Copper at an average of 0.45, we can't get to say a share price of 10p when companies operating with less tonnage and lower grades, and also 3x less shares in circulation, can reach an estimate of 40p. We also have gold and silver plays to add fuel to the fire. Happy to be corrected on this as i'd rather learn where i'm potentially going wrong to refine my own understanding of how explorers are valued. But in early stages, i figured the easiest way was comparison still.