The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
After listening to this and previous webinars, we can see how bad sentiment a lies created by regular repeat posters here and their aliases - No successful investors or anyone invested spends this much time bad mouthing a share - we're weeks away from recieving 300$ mil funding
People message me saying you need nerves of steel to hold KEFI - you don't, you just need understand the fundermentals and stay away from misinformation
TK will contribute 250mil to Ethiopia's annual GDP
The Ethiopian governments money is already being spent
Ready to produce 320mil per annum at 1700$
+ Hawiah is worth over 5bn in the ground - show me another aim market company on the cusp of recieving 6x+ their Mcap with 60mil already spent bringing to funding stage + while hawiah doubles and continues to expand
Closer and closer to full funding benefiting shareholders, the eg government and the country. 4-5 more weeks while multiple ops still happen on the ground. Those in doubt are blinded by the stone cold sentiment full of lies complaints and general b's. Those who continue to post negative bs are clearly not success Investors and if we're smart people would sell and leave, instead of spreading hours and hours spreading as much doubt as possible to keep the sp as low as possible to go all once full funding arrives shortly
Sub 40mil Mcap and soon to receive $319million - of it wasn't going to happen we would have been told so long ago + Hawiah. We should easily be 60mil Mcap + as we countdown to the whole of the companies history coming to fruition while in the companies history the gold price has never been anywhere near where it is now.
Highlights:
· Two main targets have been highlighted, with both showing very strong magnetic responses, which are being interpreted as magnetite alteration - an important feature associated with many porphyry copper deposits.
· The targets commence approximately 500 m below surface.
· The larger target is 1.5 km long, 700 m wide and occurs between 400 m and 1.3 km deep and remains open beyond that depth.
· The smaller target is 900 m long, 250 m wide and occurs between 600 m and at least 1 km deep.
· Historical diamond drilling from 1972, directly above the targets, intersected typical porphyry grades including 88 m @ 0.23% Cu and 75 m @ 0.13% Cu, with most holes ending in copper mineralisation. Peak values from core sampling were 3.77% Cu and 1.8 g/t Au.
· Alteration identified in core is primarily sericite/pyrite (+/- silica) phyllic alteration, suggesting that the current surface is at the upper-mid levels of a copper/gold porphyry system.
· Sulphides in core range from 3-15% pyrite, with associated chalcopyrite. Fluids are recorded in geological logs as being focussed within porphyritic intrusions and breccias.
· Rockfire is preparing for drilling initially at the Copperhead porphyry copper project and intends to drill these new magnetic anomalies at Copper Dome also during this field season.
Full funded to drill at copper head and both copper dome targets - I recommend dyor on the 3 to see the potential each campaign has to find and prove assets that could be trasformative for rockfire + gold assets
Loading up while at since a tiny Mcap
https://youtu.be/5cXpny_0T1Q
https://youtu.be/r6NQrU7IDn4
Newcrest
https://bmo.qumucloud.com/view/2021-gmm-newcrestmining#/ 11- 16mins in
https://m.youtube.com/watch?v=gsDWVjRKIUY&feature=youtu.be#dialog
Hi jack the bear - your completely right mate - Havieron helped Telfer to stay open, they have 800k Oz per annum processing capacity, and are open to M and A opportunities in the paterson ranges ( mentioned in the Newcrest videos ) as we operate our drilling campaign red setter and cottesloe from Telfer. Exciting
Hi Dan - as mentioned in the above videos ( 1st video to your point ) - it was after Havieron discovery that geologists starter better understanding the Paterson ranges and started getting excited about formations like red setter
Very fortunate were working out of the mine 13kms away - Telfer is 27mil Oz gold mine with copper and silver also, I believe it's unlikely given the proximity and similar geology that are magnetic body doesn't contain copper and gold. GGP poster baps stated yesterday Telfer itself is running out of ore, we couldn't be any closer
GGP is a tier 1 Sized asset and will be tier 1 producer when in production - https://youtu.be/5cXpny_0T1Q red setter is potentially bigger with target A 1500 x 400 x depth to be explored and multiple targets over a 3km2 block. Havieron is worth over 6bn, even if we found something half the size at 3bn it would 100x the current Mcap
Concurrent drilling campaigns due to start from Telfer on red setter + cottesloe with already fantastic grades over a 12km strike legth 37kms away
The future of WSBN looks like success at either or both - cottesloe already has excellent grades were just be expanding the asset - adding value in the billions WSBNs and farming out with Newcrest - exactly what took GGP from 0.75 ( equivalent Mcap ) to where it is today 800mil+ Both assets currently 100% owned whole working out of Telfer
Wsbn GGP mk 2
25 days in Monday ground analysis start to indentify exactly drill locations at red setter - drill campaigns upcoming at both.
Weekend update
For new and current investors looking in - even the telegram group is quite and I questions if people are aware of the position and potential of WSBN
Investing is asking what does the future of this company look like?
Wishbone had the previous assets developing before they acquired red setter and cottesloe in the Paterson ranges
Red setter mag survey could have brought back bad results - https://youtu.be/r6NQrU7IDn4
They brought back multiple magnetic anomalies - target A being larger than GGPs Havieron 57kms away - 13kms away from 27mil oz Newcrest owned telfer
https://youtu.be/5cXpny_0T1Q
https://youtu.be/r6NQrU7IDn4
The highest priority magnetic bodies within Red Setter (Referred to as Targets A, B and C in Figure 1) cover an expanded area of 3.5 km in strike length and 1 km in width. The highest order Target A occurs over a strike length of 1500m with a width of 400m and occurs within 50-75m of surface. Results of this modelling shows several north plunging magnetic bodies within this anomaly of equivalent susceptibility (possibly pyrrhotite alteration) to that evident at both Newcrest Mining and Greatland Gold's Havieron and RioTinto's Winu discoveries.
Then acquired cottesloe at a premium at he time - with alread excellent grades over a 12km strike length - Mineralisation trends interpreted to be over a 12km strike
· Rock chip geochemical sampling results reported up to 298g/t Ag
· Multiple significant drilling results including:
o SCR225: 5m at 102g/t Ag from 14m
§ Including: 2m at 165g/t Ag
o SCR247: 2m at 73g/t Ag & 4.6% Pb from 8m
o EWP-2: 22m at 42.7g/t Ag from 8m
§ Including 8m at 72.13g/t Ag from 22m
o EWP-3: 18m at 29.3g/t Ag from 6m
o EWP-7: 20m at 35.9g/t Ag from 2m
§ Including 2m at 100g/t Ag from 8m & 4m at 69g/t Ag from 16m
o EWP-11: 4m at 41.25g/t Ag from 14m & 10m at 41.6 g/t Ag from 24m
o EWP-12: 8m at 58.37g/t Ag from 20m
o EWP-24: 8m at 54.87g/t Ag from 40m
Both assets being worked out of Newcrests telfer mine which can't be understated - meaning we know WSBN and Newcrest are talking - Terra search have a good relationship with Newcrest, worked extensively on Telfer and Havieron and are very excited about red setter and it's similar geology.
We also know Newcrest are interested in M & A opportunities, and have the processing power at Telfer to take on red setter. https://bmo.qumucloud.com/view/2021-gmm-newcrestmining#/ 11- 16mins in
https://m.youtube.com/watch?v=gsDWVjRKIUY&feature=youtu.be#dialog
Now funded with around 5 million in cash - the future looks like concurrent drilling campaigns due to start shortly ( more cash released when we close about ve 20p for 5 days ) - while both assets are still 100% owned
Success at either will identify a larger Havieron, valued in the billions ( GGP retained 30% shortly to turn to 25% ) - with the FTSE gold chairman on the board - if it's not Newcrest 13kms, we're surrounded by alot of
Investing is asking what does the future of this company look like?
Wishbone had the previous assets developing before they acquired red setter
Red setter mag survey could have brought back bad results - https://youtu.be/r6NQrU7IDn4
They brought back a multiple magnetic anomalies - target A being larger than Havieron
The highest priority magnetic bodies within Red Setter (Referred to as Targets A, B and C in Figure 1) cover an expanded area of 3.5 km in strike length and 1 km in width. The highest order Target A occurs over a strike length of 1500m with a width of 400m and occurs within 50-75m of surface. Results of this modelling shows several north plunging magnetic bodies within this anomaly of equivalent susceptibility (possibly pyrrhotite alteration) to that evident at both Newcrest Mining and Greatland Gold's Havieron and RioTinto's Winu discoveries.
Then acquired cottesloe at a premium at he time - with alread excellent grades over a 12km strike length - Mineralisation trends interpreted to be over a 12km strike
· Rock chip geochemical sampling results reported up to 298g/t Ag
· Multiple significant drilling results including:
o SCR225: 5m at 102g/t Ag from 14m
§ Including: 2m at 165g/t Ag
o SCR247: 2m at 73g/t Ag & 4.6% Pb from 8m
o EWP-2: 22m at 42.7g/t Ag from 8m
§ Including 8m at 72.13g/t Ag from 22m
o EWP-3: 18m at 29.3g/t Ag from 6m
o EWP-7: 20m at 35.9g/t Ag from 2m
§ Including 2m at 100g/t Ag from 8m & 4m at 69g/t Ag from 16m
o EWP-11: 4m at 41.25g/t Ag from 14m & 10m at 41.6 g/t Ag from 24m
o EWP-12: 8m at 58.37g/t Ag from 20m
o EWP-24: 8m at 54.87g/t Ag from 40m
Both assets being worked out of Newcrests telfer mine - meaning we know WSBN and Newcrest are talking - Terra search have a good relationship with Newcrest, worked extensively on Telfer and Havieron and are very excited about red setter and it's similar geology.
We also know Telfer are interested in M & A opportunities, and have the processing power at Telfer to take on red setter. https://bmo.qumucloud.com/view/2021-gmm-newcrestmining#/ 11- 16mins in
https://m.youtube.com/watch?v=gsDWVjRKIUY&feature=youtu.be#dialog
Now funded with around 5 million in cash - the future looks like concurrent drilling campaigns due to start shortly ( more cash released when we close about ve 20p for 5 days ) - while both assets are still 100% owned
Success at either will identify a large asset valued in the billions ( GGP retained 30% shortly to turn to 25% ) - with the FTSE gold chairman on the board - if it's not Newcrest, we're surrounded by alot of other majors - ie Rio tinto -
The future of WSBN looks like success at either or both - adding significant value to WSBNs and partnering with one of the surrounding majors - exactly what took GGP from 0.75 ( equivalent Mcap ) to where it is today 800mil+ ( and expected to resume it's rise with heavy news flow shortly.)
https:// t.me / joinchat / iIdnJGFplm01N2Y0
Joilfant - what was said in the telegram group mate - don't no if I'm allowed to repeat
But to the point of 22 days on the ground, it was confirmation not too much longer until drills start turning at red setter
Make the most of the temp dip, sub 30mil Mcap won't be here for long when we have Concurrent Paterson range drill campaigns + halo, white mountains and wishbone leases - but it's all about the Paterson ranges
For the second time, it can't be understated the significant of both campaigns being operated from Newcrests mine. Dyor GGP had a similar Mcap to us 24months ago, and is nearly 50% less than it was 18months ago
https://twitter.com/WishboneGoldplc/status/1402995244791074823?s=19
Happy Friday everyone. The Paterson ranges living up to its reputation as one of top mineral rich mining areas in world for major finds -
I think are chances are very high of striking gold and copper and red setter given the size of the magnetic body, similar geology and target, location in the Paterson ranges, proximity to 27mil Oz Telfer mine and other major mines with similar sized magnetic body's
It's been 22 days now since ground analysis commenced to define specific drilling locations at red setter - after David's lenigases comment yesterday, we're within days of drills touching ground at red setter.
I'v know and spoken of the life changing potiencial of red setter, but the more I think about it I'm equally excited about cottesloe - I can't see how when we drill we won't bring back the same grades and the previous exceptional drill results. If red setter is larger than Havieron, then cottesloe seems bigger than both ( undefined until mag survey, but 12km strike length ) we were very lucky to get the licence before anyone else.
Exciting times ahead as were fully funded to start drilling both shortly, and it can't be understate the importance of working out of Newcrests mine on both of these assets, and that Terra search after working extensively on Telfer and Havieron and really excited about red setter.
Hope you all have lovely days ahead ?????????
A Joint venture with PrtroChina should cover that. Petrovis have already clearly shown they want to protect their majority holding from further dilution. Refer to the recent RNS :)
A Joint venture with PrtroChina should cover that. Petrovis have already clearly shown they want to protect their majority holding from further dilution. Refer to the recent RNS :)
A reverse circulation drilling rig is available in Charters Towers and the Company plans to mobilise as quickly as possible to commence drilling at Copper Dome. Our Exploration Manager is on site preparing the site for drilling and we anticipate a start within the next few weeks. The market will be updated on our drilling progress."
Reasons for the Placing and use of proceeds
Over the last 12 months, Rockfire has successfully increased the gold resource at the Plateau Gold Deposit by more than 500 per cent. Following this upgraded resource, the Company instigated a preliminary Scoping Study to determine if Plateau would be capable of generating free cash flow, even at such an early stage. A range of outcomes resulted, dependent on a number of variables. A net positive cash flow ranging from £3.7m - £10.7m was achieved. The study emphasised the additional work required to potentially upgrade the resources from Inferred to Indicated, as well as extension drilling which may result in increased resources.
A budget of £0.65 million is proposed in order to achieve the following.
• Inaugural RC drilling at Copper Dome
· Exploration RC drilling close to the resource at Plateau
• Inaugural diamond drilling at Copperhead
A reverse circulation drilling rig is available in Charters Towers and the Company plans to mobilise as quickly as possible to commence drilling at Copper Dome. Our Exploration Manager is on site preparing the site for drilling and we anticipate a start within the next few weeks. The market will be updated on our drilling progress."
Ha sorry mate, from the RNSs over the last 3-4 weeks
I think drilling at the copper dome could completely transform rockfire - tier 1 sized copper body's with already outstanding grades + all the other assets
How are we valued sub 10-20mil at present?
Option Agreement
The main elements of the Option Agreement are as follows:
· Operational costs are to be met by Jubilee with no material cost to Caerus
· 6-month duration providing a rapid turn-around of samples and progressive release and reporting of results
· Jubilee has the exclusive option to elect to convert one or more projects to a Joint Venture under terms to be agreed
· If a Joint Venture is agreed, Jubilee will design, finance and execute the construction of any processing plant and become its operator
· Any Joint Venture will operate on a profit-sharing basis after recovery by Jubilee of its initial capital expenditure and other 'up-front' costs
Existing cash will last until after JV announcement tovers
Copper Dome Copper Deposit – large-scale, under-explored
23.4 % Cu, 952 g/t Ag and
Rockfire
2.0 km x 1.0 km soil
copper anomaly, delineating a
large-tonnage target
15.24 m @ 0.88 % Cu from
shallow drilling by Carpentaria
Exploration in 1972
51.20 m @ 0.2 g/t Au
from shallow drilling by Carpentaria
Exploration in 1972
Under-explored,
with no boundaries to the
mineralization identified so far
A reverse circulation drilling rig is available in Charters Towers and the Company plans to mobilise as quickly as possible to commence drilling at Copper Dome. Our Exploration Manager is on site preparing the site for drilling and we anticipate a start within the next few weeks. The market will be updated on our drilling progress."
Reasons for the Placing and use of proceeds
Over the last 12 months, Rockfire has successfully increased the gold resource at the Plateau Gold Deposit by more than 500 per cent. Following this upgraded resource, the Company instigated a preliminary Scoping Study to determine if Plateau would be capable of generating free cash flow, even at such an early stage. A range of outcomes resulted, dependent on a number of variables. A net positive cash flow ranging from £3.7m - £10.7m was achieved. The study emphasised the additional work required to potentially upgrade the resources from Inferred to Indicated, as well as extension drilling which may result in increased resources.
A budget of £0.65 million is proposed in order to achieve the following.
• Inaugural RC drilling at Copper Dome
· Exploration RC drilling close to the resource at Plateau
• Inaugural diamond drilling at Copperhead
highlights strongly magnetic drilling targets at depth.
Highlights:
· Two main targets have been highlighted, with both showing very strong magnetic responses, which are being interpreted as magnetite alteration - an important feature associated with many porphyry copper deposits.
· The targets commence approximately 500 m below surface.
· The larger target is 1.5 km long, 700 m wide and occurs between 400 m and 1.3 km deep and remains open beyond that depth.
· The smaller target is 900 m long, 250 m wide and occurs between 600 m and at least 1 km deep.
· Historical diamond drilling from 1972, directly above the targets, intersected typical porphyry grades including 88 m @ 0.23% Cu and 75 m @ 0.13% Cu, with most holes ending in copper mineralisation. Peak values from core sampling were 3.77% Cu and 1.8 g/t Au.
· Alteration identified in core is primarily sericite/pyrite (+/- silica) phyllic alteration, suggesting that the current surface is at the upper-mid levels of a copper/gold porphyry system.
· Sulphides in core range from 3-15% pyrite, with associated chalcopyrite. Fluids are recorded in geological logs as being focussed within porphyritic intrusions and breccias.
· Rockfire is preparing for drilling initially at the Copperhead porphyry copper project and intends to drill these new magnetic anomalies at Copper Dome also during this field season.
An image showing the two strongly magnetic features at Copper Dome and historical drilling can be viewed by following the link provided. http://www.rns-pdf.londonstockexchange.com/rns/0421Z_1-2021-5-18.pdf
David Price, Chief Executive Officer of Rockfire, comments:
"This 3D modelling has produced images of two very high-intensity magnetic responses beneath the dome. Both targets deepen towards the south, suggesting that the source may lie to the south. The closest they come to the surface is around 500 m depth, but historical drilling has hit copper much closer to surface.
"After nearly 50 years with no significant exploration at Copper Dome, Rockfire is planning to drill these new targets. With confirmed copper and gold close to surface directly above the targets and well-defined high magnetic targets at depth, these factors bode well for discovery.
"Rockfire is preparing for drilling at Copperhead initially and drilling at Copper Dome is also planned. The Company will provide the market with regular updates on our progress as we work towards the start of drilling at our porphyry projects."
Got my first 5 but will try build up to 20k while at this laughable valuation - placing shares doing us the favour of a good entry just like a CMRS