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As Colin never intended on finding ascot at the start of phase 2, I am confident he budgeted for both assay costs and re-modeling.
I am under the impression that 'finding the boundaries' is just a few long not deep drill holes to gain a basic understanding of width and length? We already got a few in and I think we got a other 4 or 5 holes worth left in budgeting? If I got this wrong though i would love some clarity.
We will be in July/August if we find ourselves in a position of AA have declined (and to be honest I dont expect them to decline but that's just my opinion) so even I worst case, will have a good few months of income from Africa by then to help us along
Forgive my ignorance, but if we are not proving up ascot as we did bushranger, what would we need a raise for?
My understanding is we finish drilling with what cash we have with a few chance holes in ascot and get this wrapped up?
Porvernireal is fathertedfeck.
Deffo not doing it for the ramps =)
I talk passionately about Xtract to my friends and family because of how excited I am at the potential in this investment. More so by some way, than any other stocks I am invested in!
There is no wonder that Colin can hardly contain himself when talking about the company, as a large share holder himself!
I dream of paying off the mortgage when this comes through, Colin must be dreaming bigger with his enthusiasm!
I did the same boya, however my fomo of the knews could land any day kicked in and so here I am :)
Great review but I have to disagree with a few points.
We have been told a good few times now that we will not need a raise, but I do expect to see warrants when the news we are expecting bumps the price up a bit.
I absolutely don't think we will mine this ourselves, as we ab exploration company and Colin has expressed his intent to sell many times. Who this gets sold to though is still up for debate.
In my opinion as copper becomes more in demand, I think this is prone to some silly over the top rises before dropping back down again. I am thinking a lot more than 6p but probably back down to 10p for the time being.
Happy Xmas to you too!
Thanks joe!
Looks like he is already gone boro!
For future reference how do you block peoples messages from showing? I have read so much about the feature but never wanted to use it until now.
Something tells me I will be using it a lot as we roll into next year!
Lots of scaremongering posts and the lack of trades that looked like prospect ore sell offs the last few trading days, suggests we could be on to a shareprice rise soon.
There are still huge sells going through from prospect ore looking at it. The share price won't go anywhere until they are cleared.
Not sure if it's been said already, but we were not long talking about how BR was looking like a world class tier 1 mine, turns out now we potentially have 2 of them!
They only made it hard when everyone wanted to buy mate.
Been happily buying and topping up the last few months with ease!
I doubt today will be any easier but good luck getting some :)
Nothing to be nervous about, prospect ore shares look as though they are still getting sold off even today.
Too much news to be excited about to be nervous!
Got to love these guardian angels that pop up on boards they do not care for, to do anything and everything they can to make sure we all stay rich.
My jaw hit the floor so hard in shock that they gonna have to dig it up with Ella's gold
It's been said before but I love how grown up and informative 99% of this board is.
The day that stops happening I will get very excited about the profits to come!
Fulmer you might as well take your sulking back to the arcm board, doubt anyone will find any credit in your posts here.
We hold Ella in high esteem here and you will quickly find yourself on the wrong side of the fence!
@Ella could you get that gold in an RNS for us for Monday?
Looks like a load more of the background sells going through keeping the price down.
Looking at the volume gone through it looks like we are having a decent day without it.
Hopefully they will be done soon!
Well said Steve and to be honest, in the very unlikely event that it was needed, the effect on the potential return would be unnoticeable, a couple of pence at most!
By that time anyone already in now would be laughing all the way to the bank anyway
That's brilliant Steve, I also read that in Colins voice!
Did we just find the name of our second deposit? 'Valheim'