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munchbox54

What Mr Colin Bird said about DEPTH appears to be correct.
If you do not get DEPTH, then tonnage is NOT large?

It is generally known that if it is a surface deposit, then you need a STRIKE OF KILOMETERS spread out land wise. Example, one of Alpala*s sister co has a strike of 80KM with a surface discovery. They have only drilled a fraction of it.

Alpala is a world class Tier 1 as many of their holes go down deep but starts much, much further down.

On Twitter, #xtr one poster quoted BODA and their AVERAGE OVERALL GRADE IS 0.35 % cu EQUIVALENT.

At this stage, Bushranger with the 1 deep hole will NOT provide OVERALL TOTAL GRADE DEFINITION YET. Colin Bird said in one of his interview that copper production comes from PORPHRIES of 0.2%, 0.3% & 0.4% CU copper.

Stockhead.com.au explained in one of their articles that for porphyries grades of 0.1% Cu can be economic in relation to the article on BODA.

If you look at Havieron, Newcrest had drilled a few holes but their spacing made them miss the stronger mineralisation. Then GGP bought the Havieron licence, did further geophysics and then drilled and got some GOOD HOLE grades but some not as spectacular. Hole 5 was good.
Newcrest has now drilled tons of holes and did the MRE with tonnage and OVERALL GRADE.

Same for everything deposit. So, it does start with DEPTH. The copper expert on porphyries will be quoted by Colin Bird shortly.

However, if that is your expectation, then BODA would NOT meet your criteria as its only 0.35% cu EQUIVALENT [copper + gold mixed].

Have to provide a comment as you addressed it to me and that is my view only.

News, Tues, 19 Jan 2021.

So, it will continue to be ABOUT DEPTH per Colin Bird ie the 1,100m is the DEFINITIVE to start with. ANY FURTHER PROOF? BODA- their DISCOVERY HOLE MADE HEADLINES WITH 502M and the DEEPEST DRILL OF 1,167M WAS A CO MAKER IN THAT IT EXCEEDED 502m.

Same for ALPALA. Go to the co*s website and click on the latest presentation. There one can see the Alpala Hole 5, 9, 12 and a few more MAKE THE RANKING among the MAJOR*S FINDS ie meter DEPTH.

I just listened to Mr Colin Bird*s interview today again quickly. Zak said there should be a LIVE FEED from the Lachlan Fold to the City of London.

He said they are calling in a COPPER PORPHYRY SUPER DUPER EXPERT whom he will be QUOTING.

He said Mr Jeremy Read will be talking to the audience about number of mines in the Lachlan Fold - PREPARE FOR SUCCESS -help our mkt place.

RACECOURSE: "Go so far - CONTINUOUS, 1KM MINERALISATION S T A G G E R I N G SO STAGGERING CALLING IN A PORPHRY EXPERT.

"HOW CAN YOU NOT BE EXCITED. WAKE UP - 1ST CALL." [Bird]

"LACHLAN FOLD - ONLY 3% GO OVER 3 0 0 METRES. 1,100M CONFIDENT OF BIGGER ONE -CADIA RIDGEWAY - NORTH PARKES, SOLD TO CHINESE FOR $800M."

My Comment:
So, its the DEPTH OF THE MINERALISATION THAT IS THE DEFINITIVE.
Fingers crossed, 1200m, Bird added.
TOMORROW- WAIT FOR NEXT UPDATE.

News, Tues 19 Jan 2021.

Isomer
I would also like to add a few more thoughts on what Mr Bird said today.
Zak asked him "WHAT IS THE PRECEDENT?" Zak wanted to know the depth Racecourse is going down to and what is the benchmark [equivalent] resource to compare it with? That was when Mr Bird said : "1100m: CONFIDENT OF ONE- CADIA RIDGEWAY - NORTH PARKES."

Both North Parkes and Cadia-Ridgeway are in the SAME belt zone as Bushranger.

Bushranger is NEXT DOORISH to Cadia-Ridgeway, Lachlan Fold, NSW, Australia.

CADIA-RIDGEWAY IS A LEGENDARY FIND - LARGEST IN LACHLAN FOLD & LARGEST IN AUSTRALIA.

Its one of those finds that is hard to find in 1 life-time?

So, given Mr Bird HIMSELF has now LET THE CAT OUT OF THE BAG, I hope he will tell us with core pics, XRF, what the copper expert said etc.

When Alpala started drilling, Dr Rohlach did the initial work but later they had to bring in a WORLD RENOWNED EXPERT IN PORPHYRIES IE DR STEVE GARWIN from Stanford. So, copper experts have to be consulted if there is something to consult about?

LISTEN again and check the XTR BUSHRANGER APR 2020 PRESENTATION re Bushranger vs Cadia Ridgeway etc.

News, Tues 19 Jan 2021 @8pm.
DYOR.

Isomer
Good question.

I am not sure what Mr Bird will do next. People on this forum thought that XTR will try to get to AA*s target of 440Mt re: Buy-In Option.

However, Mr Bird told us today that "END UP? 1,100m : CONFIDENT OF BIGGER ONE -CADIA-RIDGEWAY - NORTH PARKES." He also mentioned "CLUSTERS" that Bushranger hosts eg FOOTROT etc wherein work has been done on them ie IP etc.

So, 450Mt, say North Parkes is 1/2 a Tier 1.
Tier 1*s are usually start at 1 BT.

CADIA-RIDGEWAY has 2.5BT ie 50MOZ GOLD which is bigger than TELFER [32moz].

Alpala is TIER 1 with 23MOZ.

So, CADIA-RIDGEWAY appears equivalent to 2 TIER 1*S.N

1 TIER 1 per industry gets a re-rating of $1BN.

Hence, why I say Mr Bird will need to elucidate - I am sure he will or else he wont say he is going to do a podcast with Mr Read, Ex Head of Exploration, BHP AUSTRALIA. Besides, they have consulted a copper EXPERT.

So, there are DEFINITIVES ie cores etc that Mr Read, Mr Bird, copper expert has seen but we have not yet.

So, have to wait.

News, Tues, 19 Jan 2021 @7.30pm
DYOR.

P.S.
RACECOURSE C O R E S

Would love to see pics ie "Beautiful, Really Beautiful." [Per Mr Bird]

XRF ALSO DONE a/c to RNS.

Crew examining cores per Mr Bird.

1,100m ie "MAGICAL 1KM."

All these led to Mr Bird calling in the COPPER EXPERT AND MR READ , EX-HEAD OF EXPLORATION AUSTRALIA. If there is NOTHING to see, co*s dont call in HIGH POWERED PEOPLE?

Curious now especially Mr Bird saying "NOT LACHLAN FOLD - CHILE" & "UNIQUE."

Tues, 19 Jan 2021.

COLIN BIRD INTERVIEW @SHARE-TALK, TUES 19 JAN 2021:

Zak wanted to know how far Racecourse depth is going down to ie Center Of The Earth & And what is the PRECEDENT?

Earlier, Mr Bird said that even for modelling, its going to no man*s territory and they DONT know where the BOTTOM is. Today, Mr Bird DID NOT say he doesnt know but he said in answer to Zak*s Question:

COLIN BIRD: " E N D UP?
"1 , 1 0 0 m - CONFIDENT OF B I G G E R GAME: C A D I A - R I D G EWAY - NORTH PARKES SOLD TO THE CHINESE FOR $800M."

Mr Bird had elucidated in yesterday*s interview @Share-Talk [18.1.21] about "MAGICAL 1KM."

So, the "magical 1km" HAS BEEN E X C E E D E D today akin to BODA and now targeting 1,200m.

So, that means the END GAME ie "End up"[Subtle reference both to Racecourse Depth & Prospects] is now NO LONGER "SAME - BETTER THAN BODA: $400M CAP." [Bushranger vs BODA].

With a COPPER EXPERT, Ex-BHP Head of Exploration Australia whom he has spoken to and consulted + CORES from Racecourse, Mr Bird now tells us about "BUSHRANGER*S CLUSTERS MEANS ****** BUSHRANGER VS CADIA-RIDGEWAY/NORTH PARKES.********

If it is North Parkes, their discovery is 450Mt which is about the same as what Anglo-American require. If it is CADIA-RIDGEWAY, then Oh My?

If Mr Bird after speaking to the COPPER EXPERT & Mr Read has now stated the "END UP AS CADIA-RIDGEWAY/NORTH PARKES."

So, we have to wait to see what Mr Bird says tomorrow. WE ARE NOW INTO NEW TERRITORY HAVING LEFT BODA per earlier view. This is understandable as we are now heading into CADIA-RIDGEWAY DEPTH POTENTIALLY OF 1.6KM?

Not only that Mr Bird and Mr Read are now ready to tell Australia about Bushranger.?

I am sure the COPPER EXPERT has done a short report as it cant be just a chat as the is no proper paper work or signature of a expert as norm?

I am sure Mr Read was also in on the discussion with the copper expert. Mr Bird now CONFIRMS what was in the XTR BUSHRANGER APR 2020 PRESENTATION re; "CLUSTERS which could potentially HOST SIMILAR TO CADIA RIDGEWAY VIA IP, EM ETC." - Kindly check.

As for how this is going to be taken forward, one will see that in Australia today, money is raised easily. I believe BODA raised $20m at one go? Alpala raised $187m + $100m from a major royality gold co and $50m more if they want it. MKT CAP is still £700m for Alpala & $488-500m for BODA? So, the mkt caps have gone from tiny mkt caps to mid-tier caps.

One has to assume that also for North Parkes sold for $800m - thats from Mr Bird today.

So, have to wait and hear what Mr Bird will tell us tomorrow. RATHER STUNNING NEWS TODAY?

News, Tues, 19 Jan 2021 @7:05pm.
DYOR.

"Drill rig on standby in NSW as Australia Gold & Copper makes debut."-Smallcaps.com.au

"OVER-SUBSCRIBED IPO. $20m upon listing."
"$20m. We were SIGNIFICANTLY over-subscribed so we pared invests back to our max.$10m raising.

"There are potential LARGE TONNAGE projects with multiples of data. They reach have the ability to provide a significant discovery."

"We are COMING IN HOT & FAST." [CEO]

https://www.smallcaps.com.au/drill-rig-nsw-australia-gold-copper-makes-debut/

My comment:
Yup, looks like Australians are really KEEN on the Lachlan Fold and it is a hot jurisdiction as per the above INDUSTRY NEWS.

So, Mr Bird, Exec Chairman of XTR BUSHRANGER & Jeremy READ, ex-BHP HEAD OF EXPLORATION AUSTRALIA has the credentials to take Racecourse + clusters forward in such a hot market.

What with XTR bringing in a COPPER EXPERT to provide expertise, comment and report.
Things appear to be MOVING FAST with XTR -LOOK FORWARD TO TOMORROW*S UPDATE as per Mr Bird of day -to-day...

News, Tues 19 Jan 2021

COLIN BIRD TODAY: 19.1.21 @Share-Talk

"COPPER EXPERT"

"JOINT-PODCAST JEREMEY READ, EX-BHP, AUSTRALIA EXPLORATION MANAGER."
Mr Read, the new director.

Earlier, interview on 12.1.21-
Make Bushranger known in Australia & Australians?

HOW, MR BIRD?

-----
AUSTRALIAN IPO OF BUSHRANGER?
Cos of copper expert coming in to give comments etc and now EX-BHP AUSTRALIAN EXPLORATION MGR?

What*s up doc?
News, Tues, 19.1.21

Why cant buy in quantity?
Also, why do MM*s want to buy block/s if they have shares?
@4:11, Tues, 19.1.21

LoL
Can sell ABOVE normal mkt size in block.
CANNOT BUY - NO QUOTE EVEN FOR 1,000 SHARES.
Like before, 4:05pm and shop closed?
Tues, 19 Jan 2021.

BUSHRANGER
Per Mr Colin Bird, Exec Chairman on 12.1.21 & 15.1.21:

"MATERIAL: EDGE OF HIGH GRADE ZONE"

"UNIQUE"

"NOT LACHLANFOLD - CHILE"

"CADIA: MINERALISATION IN & OUT. BUSHRANGER :CONTINUOUS MINERALISATION."

---
I checked last night - Chile copper porphyries - MINERALISATION IS CONTINUOUS.

Cadia-Ridgeway - Lachlan Fold has NO SUPERGENE.

Chile- there is SUPERGENE.

So, await copper expert and coming on board ex-BHP, Manager of Exploration Team, Australia [Jeremy Read].

LATEST COLIN BIRD INTERVIEW, TUES 19 JAN 2021 @2PM

Mr Bird is NO longer comparing BUSHRANGER to BODA [Alkane] when asked by Zak:
Journey to Center of the Earth?

"BIRD: BUSHRNGER [XTR]

END UP?: 1,100M CONTINOUS MINERALISTION -CONFIDENT OF BIGGER ONE : C A D I A -RIDGEWAY, NORTH PARKES SOLD FOR $800M TO THE CHINESE."

-----
North Parkes per XTR Apr 2020 Presentation is 450MT from recall and CADIA-RIDGEWAY 2.5 BT.
[He referred to CLUSTERS].

450MT EXCEEDS ANGLO-AMERICAN*S buy-out-option of 440MT.
---
--------IS XTR THE NEXT NORTH PARKES OR CADIA -RIDGEWAY [CLUSTERS]??----
From Colin Bird*s interview today, Tues, 19 Jan 2021 - his words above from what he said.

COLIN BIRD INTERVIEW @SHARE-TALK, Tues, 19 Jan 2021.

He said that Jeremy Read [formerly BHP Exploration] will do a Podcast.
Mr Read is a new Director?

JEREMY READ:
Mr Read spent 11 years with BHP Africa & AUSTRALIA.
Manager of BHP Exploration Team.
Mr Read played KEY ROLES in the discovery of KABANGA North Nickel project, Tanz. and Cairn Hill magnetite-copper deposit in South Australia. Ref: Wallmine 1 Jan 2021.
------------
Mr Bird said that it will open exposure to AUSTRALIANS.
So, the road show may start?
EX-BHP is going to be good.

Tues, 19 Jan 2021.

COLIN BIRD:

"END UP? 1,100M ---CONFIDENT OF BIGGER ONE: C A D I A - R I D G E WAY - NORTH PARKES $800m bought by the Chinese. Big holes."

[Zak asked Colin Bird how far Racecourse would be down ie depth and the above is Mr Bird*s answer. Mr Bird cited kimberlite CLUSTERS ALL DIAMONDFEROUS- PORPHERY CLUSTERS THE SAME]

My Comment:
North Parkes is in the same Lachlan Fold Transfer Zone at the top, then Cowal and then CADIA-RIDGEWAY, THEN BUSHRANGER.

-------COLIN BIRD*S ON WHERE BUSHRANGER WILL GO TO-------
INTERVIEW, TUES, 19.1.21 @1pm+

VS XTR APR 2020 PRESENTATION: BUSHRANGER CLUSTERS COULD POTENTIALLY HOST SIMILAR TO CADIA-RIDGEWAY [IP etc]

News, Tues, 19 Jan 2021.

P.S.
GETTING A PORPHYRY EXPERT IN - what he feels.
Jeremy Read is a new director.

COLIN BIRD:
NEW INTERVIEW, TUES, 19.1.21:
"Pleased. STILL GOING - 1,040m. SIMILAR MATERIAL."

"BEYOND TARGET, C R O S S E D 1, 000M - above 800M MODELLED.

"ZAK: JOURNEY TO CENTER OF EARTH? PRECEDENT?
----***

COLIN: "END UP? 1,100M CONFIDENT OF BIGGER ONE: C A D I A - R I D G E W A Y
NORTH PARKES - Chinese bought North Parkes for $800M - big holes."----***
[Couldnt catch every about Cadia-Ridgeway.]

"900M OF CONTINUOUS MINERALISATION."

"Felderspar - mineralisation types."

"GOING TO DO PODCAST WITH JERMEY READ, BHP EXPLORATION & ENTERPRENEUR."
[Said about Australia - think it is to reach Australians?] Got to listen again or can someone add?

----"KIMBERLITE C L U S T E R S -all diamonferous - S A M E S T O R Y W IT H PORPHYRIES."--

"HOW NOT TO BE EXCITED."
My Comment:
From the HORSE*S MOUTH ABOUT C L U S T E R S - just posted about Bushranger CLUSTERS wherein IP etc features indicate potential for BUSHRANGER to host CLUSTERS S I M I L A R TO CADIA-RIDGEWAY. Colin Bird has now indicated that in the above interview - listen and check as I had to listen and take notes.

News,
Tues, 19 Jan 2021 @1:35pm

just hit, 1 min ago.
Tues, 19 Jan 2021.

Gizzard:

Ref: COLIN BIRD [12.1.21 @Share-Talk]
BUSHRANGER VS BODA :"PRETTY MUCH THE S A M E , B E T T E R."
"$400m their mkt cap."
£48m XTR [Bushranger]
-----
Straits Resources [2006 Rev $982m]:
ASX Preliminary Final Report. 31.12.2006

"Exploratory work by Straits DEFINED the RACECOURSE prospect, a
LARGE, UNIFORM MINERALISED SYSTEM O V E R 1. 5 K M X 1 K M
with the potential to be a LARGE COPPER MINE."

TOODAY bought Bushranger from Straits in 2007.
They did more work on Racecourse, FOOTROT and the rest with IP etc. Tooday identified Racecourse through Geophysics etc. Footrot the same.
Colin Bird mentioned FOOTROT on 12.1.21 or 15.1.21 SO MORE TO COME.

----
XTR APR 2020 PRESENTATION
They stated that the IP, EM ETC FEATURES INDICATE THAT BUSHRANGER HAS THE POTENTIAL TO HOST C L U S T E R S S I M I L A R to C A D I A - R I D G E WAY.
Cadia Ridgeway is NEXT doorish to Bushranger.
Caida Ridgeway -50MOZ, largest in Lachlan Fold & largest deposit in Australia.

So, lots more to come now that a MILE-STONE HAS BEEN HIT TODAY, almost 1,167m as BODA hit [their best and deepest.]

News, Tues, 19 Jan 2021.

P.S.

"BODAFUL OF VALUE."-Livewiremarkets.com.au [Ref]
BODA
1,000m x 400m [width] x 1,000 depth.
Their guesstimate: 199Mt - 550Mt from recall.
However, mkt cap could reach $1bn per Livewire.
To read and check, kindly type the title into the search engine.
------
COLIN BIRD
started the BUSHRANGER vision: "DRILL LIKE THE GOOD O!*LE DAdrYS OF SOLG."
Solgolg drilled to 1,000m and beyond.
Today, Mather has stepped down as CEO and will be a Non-Executive Director.
The news said the co started at US$40m and he took it to a $1 BILLION MKT CAP.
Alpala is a Tier 1.

BODA*S CEO on 9 Nov 2020 [Alkane] said he thinks they have a TIER 1, hence why Livewiremarkets.com. au said they could obtain a $1bn mkt cap. Currently, $500m but more earlier.

COLIN BIRD: 12.1.21 INTERVIEW WITH SHARE-TALK:
BUSHRANGER VS BODA: "PRETTY MUCH THE SAME, BETTER."

It is INDUSTRY NORM that Tier 1 could hit $1bn re-rates.

News, Tues, 19 Jan 2021.
DYOR.

@12:05

"If mineralised zone 250m x 250m, S.G 2.7 =170Mt dependent on grades."

COLIN BIRD: Interview, 15.1.21
"Magical 1km." [Strike of Racecourse , Bushranger]
250m width - widening at it goes down further.