Member Info for prickly

The South African doctor on the Andrew Marr said she had many suffererers in her surgery and all presented quite mild symptons mainly fatigue. Agreed it is early days but they have had it some time in Gauteng and no signs as yet for serious alarm. It seems definitely more transmissable but hopefully not more virulent . So lets hope no need for a sell off.

The key investment driver for me is a steady copper price. This is still comfortably around $4.35 and this supports all our projects bar Metrock. If it dropped below $4 for any sustained period I might get nervous but otherwise it is just twitchy traders so I have bought another tranche at 12.32 ... 1,932,432 for the record @1444. We always knew we would be getting new variants and this one seems quite mild so far and the govt has probably gone overboard . But we expect this nowadays. Glad I am not in the tourist business!

You are dong a great job Mojoise. We have to get BZT above the radar . It will only prosper when folk get to know about our activities and you are showing the way. Thank you. Plus you and IK are putting your money where your mouths are.
Here is a quote from todays Mining News which is good for copper buffs..."Unlike peak oil which was reversed with the help of fracking , no such technological advancements are available for copper production and there are no viable alternatives for the metal across its many industrial uses ". I think BZT is well placed .

https://invst.news/daily/resource-investing/base-metals-investing/copper-investing/peak-copper/?mqsc=E4139277
"Unlike peak oil which was reversed with the help of fracking, no such technological advancements are available for copper production, and there are no viable alternatives for the metal across its many industrial uses".
The key to every successful business is sustained demand for its product and consistent production costs. I think we can see a model developing which shows that BR ticks the consistent production cost of a large (multiple) porphyry with good grades in the right jurisdiction. The CU demand is underwritten by the price which is currently $4.50 lb. So it is really down to CB to confirm the model asap.

Agreed it was short and sweet and tks for posting link. Key message is that the funder is happy to work with ascending values of share values as the projects advance. This is a good insurance and limits dilution through equity raisings at the current "undervalued share price". This strategy paid off at XTR and allows BZT to get on with Caerus , Hope Goreb, Kalengwa and Metrock (this seems to be the priority order) . Very pleased to see CU price nudging $4.50 again.

For Gods sake stop ramping UFO here on the BZT board. You have told us what you think and frankly I do not want to hear any more .

Smiller has no shares in BZT nor does he understand the company and its projects. He is just here to annoy, put people off investing and indulge in a childish comparison with UFO and us. He is blissfully unaware that a team from BZT and Jubilee are currently in Cyprus making arrangements to set up a processing plant and complete exploration plans. We are expecting assay results from Troulli this week or next. At least Kwaduko does a little research which he treats us to in between gratuitous ageist insults aimed at our Chairman.

stevomining
CB said in a recent podcast that drilling was about to start at Hope Goreb. The drills are targeted at deposits identified from an aerial survey recently conducted.
So we should get assay results from Cyprus J/v then Namibia.Along with news of renewal application at Mankayan. .

Checking back on the midweek roast discussion.
1. Assays due on Troulli this month. Hopefully the first JV of many in Cyprus.
2,. Teams arriving next week to arrange setting up processing plants and mining plans. Logistics are key to this project. Having Jubilee involved is a serious boost to our chances of making this a successful business.
3. CB is talking of 8-9K tons per year for 10-20 years and open cut mining which I assume is cheap capex and relatively quick as the ore is close to surface. (plus gold) I am guessing $10m to set up. CB and Martin want to get on with this pronto. He says February they should be making decisions and hopes a processing plant to be set up by end of 2022, this is mainly down to Jubilee I assume., as they are to be in charge of dumps and tailings as well as the hard rock.
4. So we could be in production by 2023 . The roast team think this seems plausible . He has previously talked about a project finance arrangement to establish the mining infrastructure . Projected income from 8000 tons x 9000usd to be split 80/20 after Caerus recovers their exploration costs . Finance should be readily available along with maybe small equity contribution from us at a much higher SP! How much is an operation generating 20mUSD revenue worth?
5. So lets hope the assays are as good as they are expecting from work done already . We will have these confirmed shortly. (this month)
6. He touched on Hope Goreb where he wants to set up a similar small operation to Troulli. Around 10k tons a year. This is being drilled this month.
7. And of course there is IDM and the licence issue. He expects this to be renewed soon and we are not to worry about the expiry as it is not uncommon for things not to be concurrent. We all hope this is fine as he suggests. If so What is our 27% of IDM going to be worth in 12 months? All in a lot going on for 9m MCAP . I would welcome more knowledgeable contributions especially around cost and time taken for setting up infrastructure of the type for near surface mining we envisage at Troulli and subsequent small projects nearby.

I presume smiller is no longer a shareholder and sold out at a loss. Why should anybody bother posting desultory remarks otherwise. The rest of us are keen to see how the newly cashed up BZT can progress with its various projects as a junior miner.
There are not many companies with so much in prospect for such a tiny MCAP. This is not ramping , merely stating the obvious .

Thanks for posting this site Mr T . I have been checking it out occasionally . The application to look out for is number 30 under Crescent Mining, a BZT subsidiary that holds the licence. At the AGM CB said that Ronnie Siapno , our man in Manila, was tasked with overseeing the renewal and its transfer to IDM. I see the renewals were last updated end October..

And his "facts" about XTR are wildly wrong. In Aug 2018 the SP was around 1 p. Should not be allowed to post such rubbish. Now 5.80 . This of course does not suit his narrative. At least he has finally got his age right ( or nearly) I think he turned 78 in October

Spread was not too bad. Just bought some more in at .17 . Cashed in a few M & S shares. Made 34% as I only bought them a couple of months ago in case of a take over bid . Never occurred to me that the new management would turn it round . What do I know? Anyway don't really see M & S going up another 34% in the short term whereas with BZT there is every hope.

News. Sorry to hear you are planning to leave these boards. I appreciate your well meaning efforts to share your research with us and it is a shame that a minor spat with Iceberg got a little heated. I think he was a tad harsh and possibly overreacted to your comments. Iceberg does have a very high status (rightly) on the XTR board and you probably bit off a little more than was chewable. Iceberg is generally quite polite and of course very knowledgeable and you have always been courteous so don’t be too disheartened . I hope to see your distinctive posts again soon.

Plus it does seem. rather absurd to discuss whether or not we would be happy with 25p with the Sp hovering around 5p

If it were a nailed on certainty that we just have to drill a few more holes and we would be handed a fat cheque by a grateful major then I would agree that maybe we should hang around another year or two and see how much more cash we could extract . But CB is not a poulet de printemps (nor am i ) and I think he wants to get on with this, and life is something that happens to you when you are busy planning other things as John Lennon said. China invades Taiwan. a new more deadly covid to name but two…25p will do me tks.

Colin also mentioned at the AGM that the XTR boys regularly go cycling with the Anglo boss . So there is no doubt that AA are fully aware of progress at BR. Despite this socialising CB added that AA were a tad conservative and he thought it more likely we would do business with someone like Newcrest who were more entrepreneurial and could move faster. The general impression from AGM and post presentation was that the first to offer 25p would clinch the deal. For the whole of the Racecourse license which may include some unexplored areas. CB would endeavour to arrive as soon as possible at this point and if this meant forcing the issue then so be it. As Capnbob says via a declaration by us if necessary. As I mentioned earlier 25p in Bird's hand is worth 40p stuck in the Bushranger ....

Richardo
I was at an AGM on Monday when Colin Bird described how pleased he was with the J/Vs with Caerus. He and his Jubilee team were in Cyprus only 3 weeks ago and I am sure I heard him say they had every intention of going ahead and extending so I would not worry about the agreement . It is in everybody's interest.

) During the exploration period Caerus shall be the operator.
Mr T
as Caerus is the operator during the exploration period we can access info which is important to BZT shareholders via their website Twitter and RNS feeds. CE has already referred to todays announcement .
Caerus are probably better at communicating than BZT but no harm in BZT relaying this same info as not everybody is aware of our J/V as you say and we should not have to rely on eagle eyed PI,s.

The AGM was sparsely attended and I sat in front row next to(Caveat Emptor) . We had Colin to ourselves for an hour and a half and we went through some of the projects whilst CE also asked about the options and warrants. Warrants for current raising were not on the agenda. CB was as usual open and straightforward. His general point about options for employees and consultants was to pay a fairly low salary or fee but to offer rewards if the project is successful.
1. Mankayan IDM . When is BZT likely to see any benefit? We seem to have given away a valuable asset for very little . He replied the success of the ASX listing hinges on the renewal of the licence. We have Ronnie in the philippines who is advising on the technical side If this goes through OK (he is still confident) then we should see IDM raising about 10million aus on listing ( say in 6 months) and in about 18 months we will be able to monetize some cash by selling shares after lock in. Value will be determined at the time of disposal but could be quite significant by then.
2. Caerus .. 500K of the raising will go to the joint funding of drilling in Troulli and Kalavasos which CB hopes will be linked together as adjoining mines . Caerus are very positive about the Trouilli so far as we can see . After the diamond drilling is complete and provided it is deemed viable the decision to mine will be taken. The capex funding will be secured from different potential sources. CB talked of royalty streaming trade finance and project finance. He mentioned Trafica. Orion and Excelsior as potential sources that he was familiar with It seems there is quite a choice available in the current copper environment. I was keen to see how this could be financed without further dilution and he and the finance director seemed to imply that not much if any equity finance would be needed . We are talking about setting up a mine capable of producing quite a good income maybe 10-20 million dollars per year fairly quickly.. I think he said it would cost 10 million to set up This was the transformative element , a very good deal for us. Bearing in mind the 80/20 split in proceeds although BZT have to find 100% of the funding
3. Hope Goreb.. The same finance arrangement (CB said template) can be used to set up a mining operation in Namibia . Ie a combination of project finance royalty streaming and trade finance. With a minimum of equity. He hopes to give us news on this within 2-3 months and will keep us posted on the developments . Raju (FD) mentioned later t that he is also very keen to avoid any further unecessary dilution which is not unreasonable as he is a substantial shareholder .
So Caerus Mankayan and Hope Goreb are all within reasonable sight of producing of a "shareholder value event ". Ever the optimist I have today bought another tranche as I think .13 should prove a profitable entry point .