Member Info for prickly

" At the newly discovered mineralised length of 940m, assuming the thickness is the same, and copper dissemination is the same, one could say that the deposit is already 56% bigger than the JORC estimate. So how much thicker would the width have to be to meet AA’s 2M tonne target?

The answer is an average diameter of 430m" .........Cornford's estimate to trigger a potential buyout

CE I tried to listen but could hardly decipher anything . I think the quality of his line is basically unbroadcastable and very frustrating as I would like to know what he is saying. Zak should produce a transcript as otherwise a bit of a waste of effort.

I have small holding here as I am a CB fan. Over the years I have noticed how we investors carefully calculate that we have no need for more funding and the next day we are hit with a large placing and we all reel about for a day or two whingeing . In this case I am quite relieved it is out of the way and at a considerably better price than it might have ben a month ago. So if and when the expected cash flow starts it will be not a race against time to keep the lights on.

Beat me to it Randy. Yes Good to see new investors. The rocket under XTR will no doubt awaken investors appetites for other Colin Bird companies. Investors dont whinge about his being over 70 when he is quadrupling their investment... I had a brother in law who made all his money when he was over 70. CB is not wielding a shovel just using his years of experience , contacts and wisdom.

Yes when RTO is complete we will retain 20% of Mankayan.

Missed out Kalengwa

The latest drill results of 4.3% cu and .64g/t were encouraging . They may not have propelled the SP skywards like XTR and CCZ but they were good and if we find similar in the 1200km2 of the licence zone which is untested we may see some dramatic rises. Mankayan is due for completion soon a s the increasing Sp of Asiaphos is a promising sign. MMIH is the operating company as Smiller points out. Factor in drilling results from and the new Manganese operation in Botswana and much may happen . All junior exploration companies are a punt but I think with the cup price and our currently spread of assets we are a very good bet at .25p.

The two drills at Gorob Vendome confirmed the copper from previous assays and added a "significant" gold factor. CB is optimistic that the remaining 130km of potential strike could reveal hitherto untapped resources .Factoring gold into these calculations would add considerable value. The reason the SP has not spiked is probably down to the Anomaly drill results. But we cannot expect to strike gold everywhere! AS Pricey says drilling is part of the process of building the picture of what we have in our license area . We now know the gold is more widespread and this is very good news.

I think comparing Pops to a fishwife is a little unkind. Unkind to fishwives that is. I doubt if a fishwife would complain if her husband brought in double the the catch as CB has just done with XTR.

CB made the point during. BAG meeting that agreeing a J/v can be unnecessarily dilutive especially if it is early in the project before the resource is proven. He was not against them per se.
i think the resources table comparison is interesting and we should examine this to see how accurate it is....

He may be right in so far as BZT was a busted flush a while ago when the major asset was written down to zero(mankayan ) and little prospects elsewhere.
however the emergence of CB as chairman and equally importantly a surging copper and gold price has changed everything . We now have projects in Africa which we all know could rocket the SP and a long term deal in Philippines which easily covers the current mcap. Eureka too. The new Bzt is completely different in both management and projects .

Like you RR i have great hopes for BZT especially as our chairman's forecast of a doubling of copper demand by 2030 look to be rapidly feeding through to prices . The only possible obstacle to a surge in BZT is the overhang of .16p warrants but most have now been exercised . With all our assets the market cap of £9m is daft.

Well we have drilled three sites . Goreb and Vendome which are close together and are now drilling the EM Anomaly which is north of the main Hope deposit. We already have data from previous Hope drilling hence the interest in seeing if the Anomaly site has similar potential. Check out the map and you can see why they lump the sites together . it is a bit confusing but I think this is correct.

RNS of 24th November suggests that Goreb and Vendome core samples have been sent away for analysis whilst the drill moves on to the untested EM Anomaly at Hope which looks around 10km to the North. So the Goreb Vendome results should come first. These are mainly to confirm copper content and update gold on Vendome . So these should be available soonest. Copper price of $360 lb and Au $1935 oz today is encouraging.

I was a holder here for many years and gradually watched my investment wither away. I recently sold up and put in into BZT. where LR used to be CEO. Colin Bird has his detractors but is a proper mining expert and I have more faith in him than LR
I think the Toral project looks OK but the management lacks energy and LR is not a convincing salesman. Good luck but as they say I'm out. But do not worry I have made many errors before and this may be another.

I am getting a lot of messages like this from investment advice companies.. We need to channel some of them into BZT. I hope BZT gets its fair share of new investors looking for exposure to copper demand as I don't think the new cu price level is reflected in the SP yet.
Anyway this was the message
"In a year that was filled with uncertainty and volatility, copper has been overlooked by some despite its sharp rebound since March.

Analysts agree that the outlook for copper is bright, although they have cautioned that prices will remain both high and volatile as there’s little certainty about what next year might bring at a global scale.

Copper-mining companies are also optimistic about 2021, with many expecting to see a better market for the red metal next year.

“We expected copper to do well this year, as the fundamentals of the copper market had been indicating a copper rally for quite some time, but we have been surprised at how quickly the copper price went to US$3.50 per pound,” Paul West-Sells, president and CEO of Western Copper and Gold (TSX:WRN), said."
Happy new year everybody . Albeit a rather dull one stuck at home without any friends in most cases!

The news we have been expecting fairly soon will be the assay results from the two core drills at Hope project. The RNS said these are mainly to confirm the already assayed sites to verify copper and hopefully to add gold content to the Goreb Vendome deposit. These were drilled in 70s/80s when au was not measured. The more interesting news may be from the previously unexplored EM Anomaly . They had moved the rig there after the samples were taken from the original two sites. Not sure how soon we can expect assays from Anomaly but maybe February March. There may be also developments to report on the disposal of Eureka. At least continued interest would be good to hear. Confirmation of the Mankayan MMIH being signed off is probably due now.
Then of course there is the little matter of the drilling news from Kalengwa which CB hopes to be a very valuable asset for shareholders. (BZT owns 30% remember) . Much to look forward to but we should not expect all in a rush

The management team is critical to the success of a junior resource company and its stock. Management must find projects, develop them in a timely manner, control share structure and complete financings at progressively higher share prices.

I think some posters here overlook the importance of sentiment in the process of building a company . They can make it difficult to raise finance if they unduly criticise the BOD . CB has created several multibaggers as Caveat has pointed out and the latest foray into managanese is consistent with his overall belief in the future of renewables. CB is well known and very well connected especially in Southern Africa. He may well have small interests in the companies BZT are buying but these are all laid out in the RNS and frankly BZT shareholders should be delighted that the chairman's interests are closely aligned to ours.

Lets hope we get good news in the new year and lets stay positive about our little company. Might not be so little this time next year....

Well said Moonglow. It makes little sense to complain about the chairman’s widespread interests after buying the shares. His interests were common knowledge. He was invited to rescue BZT by Lawrence Read when we were in dire straits MCAP of sub 1m no money and Mankayan written down to zero . We are now on the brink of great prospects and almost entirely down to CB. Recent investors are probably unaware of how close we were to extinction . This is a small exploration company with some big ideas . Like all explorers we have to raise funds from time to time to finance projects and this is not helped if the BB is crowded with ill informed impatient criiticism