Member Info for MasksNewNorm

Incredible deeper than Boda.

https://twitter.com/andy47640/status/1357658872635392001?s=21

ENERGYCopper: Driving the Green Energy Revolution

Copper is essential to EV technology and its supporting infrastructure. The evolving market will have a substantial impact on copper demand. 1 million + vehicles – the number of annual sales of PEVs by 2023. This will reach more than 7 percent of annual vehicle sales by 2025.
www.copper.org › pdf › A61...PDF
Factsheet on How Copper Drives Electric Vehicles

The copper price is suggested to increase significantly in the coming decades.

https://www.sciencedirect.com/science/article/pii/S2590289X19300052

Paying full ask 6.5p

XTR 13p target on Zak’s charts

https://twitter.com/sharetalknews/status/1357313737036857347?s=21

Strong recovery today guys.

Worth a read on Boda

https://www.alkane.com.au/significant-high-grade-gold-copper-intersects-at-boda-prospect/

Another monster in a proven area.

100k buyer loading up again.

Ties up a loose end also. I would have expected a tr1 for this.

Holdings were slightly diluted due to the placing also.

Carlos Perez
Executive Director at Publift
PubliftIndiana University Bloomington
Sydney, Australia492 connections

This is on LinkedIn. I wonder if Brad is on his contacts.

Accelerating the drilling campaign
Given that stark visual indications seen in core have been deemed sufficiently positive for a decision to be taken to expand and accelerate the current drill campaign by mobilising a third rig to site, drilling efforts designed to move APTA forward as quickly as possible have been put in place irrespective of any continuing delays in receiving assay results from the laboratory. With a third rig having already been mobilised to site, management is presently considering extending its preliminary plan to drill 2400m, to something larger between 5000m and 10,000m to extend mineralisation at APTA and, ultimately, to provide foundation for a Compliant Resource Estimate. Subject to camp, local infrastructure and operating capacity being enlarged, there could be potential to accept and facilitate further rigs at short notice.
The challenge now faced by Orosur in terms of extended assay turnaround times, while highly inconvenient is not expected to significantly hinder the on-site campaign. ALS Global’s laboratories in Peru are presently suffering from COVID-19 related staff shortages, with normal practice of returning sample results within a fortnight or so, currently extending out to 5 or 6 weeks. And while the Pandemic is not considered rampant in Colombia by any means, management does recognise the need for all of its teams to remain close to camp in the coming weeks. Normally this would mean that any continuing drilling would effectively be being carried out ‘blind’, but Anzá has the distinct advantage that its main breccia zones are visually stark with intense silicification plus quite pervasive development of massive sulphides. This provides management with a high level of confidence of exactly where the zone is, meaning the 80 or so people presently supporting the on-site works are expected to be largely unaffected, as they continue a schedule of normal drilling/exploration over the coming six months or so. Investors might anticipate significant news flow from assay results, drilling etc. for the remainder of 2021.

From Turner Pope

You can read it on the RNS’s and links on the OMI website.

Future potential is what you need to realise. Copper is at the heart of the new industrial revolution and demand is increasing exponentially.

Majors will not let a massive resource sit there in the hands of a minnow when they have customers to supply. Copper demand is only going up for decades to come.

From The Count on the other forum.
Looks like AA do not have any right of first refusal, but are the logical buyer should the benchmarks be achieved. That being said, nothing to stop a Newmont or Rio coming in. hTTps://www.londonstockexchange.com/news-article/XTR/bushranger-copper-gold-progress-update/14653076 hTTps://www.londonstockexchange.com/news-article/XTR/bushranger-copper-gold-project-australia/14560414 Anglo Buy-back option Under the terms the Bushranger Acquisition agreement, if a deposit of greater than 2 million tons of contained Cu equivalent (e.g. 450Mt @ 0.45% Cu equivalent) is ultimately identified, Anglo may buy-back 80% of the Racecourse deposit at fair market value as determined by an Independent Expert in accordance with the JORC and Valmin Code. Anglo and ProspectOre would then provide funding pro-rata to their interests, save that ProspectOre may decide not to provide its share of funding and be diluted, ultimately retaining a 0.75% net smelter royalty (NSR). If a "Decision to Mine" is taken by ProspectOre prior to the identification of 2 million tons of contained Cu equivalent, Anglo also have an opportunity to exercise the buy-back. Anglo have a once-only opportunity to exercise the 80% buy-back whether the opportunity comes through the discovery of 2 million tons of contained Cu equivalent or a decision to mine. If Anglo does not exercise the buy-back and ProspectOre ultimately develops a mine, ProspectOre would hold a 100% project interest, less 3.5% in NSR royalties and a A$7.5 million development payment to historic holders (which includes Anglo).

Impressive indeed.

So upon completion of phase 1 OMI’s stake drops to 49%. Then we start phase 2 where OMI start to receive cash payment again and The partners get 7% more stake each. Only at phase 3 does OMI’s stake reduce to 25% meaning Newmont and Agnico have 37.5% each. Cash payments and free carry all the way for OMI. DREAM DEAL.