Member Info for RollingInIt

Thanks for the advice Hoping.

I'll take it on board and reset expectations to 5p by mid afternoon.

:o)

Found the posts. wrote on the 12th, CE.

Here's. few bits from two posts about WM's CD Fund.

______

WM Quote:

"the first indications is so intriguing, mineralisation over 900m, copper mineralisation over 900m and we go in very quickly and we are allowed to build one position up to 7.5 to a maximum 10% of our fund."

Also:

The good news is that it's been confirmed, XTR are in the $100 Million CD Fund ! :o)

So, in that interview, we have Willem referencing XTR with the 900m copper mineralisation, that he's clearly excited about and then continues to describe how stocks such as XTR with it's major discovery, grow rapidly toward a £ Billion Market Cap.

CE

Yes, it was Willem Middelkoop as Andrew wrote, but it wasn't a 200 Million fund and 5% max, it was a 100 Million fund and 10% max .... which equates to the same value in your hypothesis.

Quote:

".... and you know now what we've ended up with is a system thats about the same size in all directions, a thousand metres by a thousand metres by a thousand metres"

Now, I wasn't suggesting that the porphyry has sharp edges.

Make that 'sure' because I can't ever remember being called 'Sire' ! Other things far more derogatory, but never 'Sire'.

:o)

I'm sire you're right CE but he gave his view that it would be something like 0.25% to 0.4% average grade across the porphyry, which would also take into account his references to XRF's and their limitations, where it would read 9% copper in one place and 0% in another right next to it.

Listen to the interview, Ella.

I think CB is cautiously underselling it when he referenced over a million tonnes of contained copper.

Porphyry is 1000m x 1000m x 1000m
So, a billion tonne porphyry.

Grades range mentioned 0.25% to 0.4% across the porphyry.
Call it 0.3% average.
Equates to 6.6lbs of Copper per tonne, total 6.6 Billion lbs.
2200 lbs in a tonne of Copper.

Equates to 3 Million tonnes of contained Copper.

:o)

David Sheppard, Energy Editor FEBRUARY 16 2021

Two of the biggest banks on Wall Street are calling a new “supercycle” in oil, with JPMorgan Chase and Goldman Sachs both predicting prices will soar when the pandemic abates.

The most bullish forecast has international crude prices staging a comeback towards the $100-a-barrel region — a level not reached since 2014. The expected surge is predicated on the belief that fiscal stimulus will boost consumption just as investment in new production has been sucked out of the industry. Such a disconnect between demand and supply, fuelling a lasting surge in prices, are the basic conditions of a so-called supercycle.

David Sheppard, Energy Editor FEBRUARY 16 2021

Two of the biggest banks on Wall Street are calling a new “supercycle” in oil, with JPMorgan Chase and Goldman Sachs both predicting prices will soar when the pandemic abates.

The most bullish forecast has international crude prices staging a comeback towards the $100-a-barrel region — a level not reached since 2014. The expected surge is predicated on the belief that fiscal stimulus will boost consumption just as investment in new production has been sucked out of the industry. Such a disconnect between demand and supply, fuelling a lasting surge in prices, are the basic conditions of a so-called supercycle.'

Hi George

I don't believe it's mandatory but possibly a courtesy.

The majority of announcements occur after 11 a.m., with a few exceptions.

I remember posting before that the announcement may not happen today if they're still actively drilling, so I remain upbeat.

In the words of Boris Johnson …. 'The crocus of hope is seen poking through the frost …. so Happy Pancake Day and a Merry New Easter ! .… hic'

Bitcoin

'CB's Redemption is neigh !'

Is this an equine voice over recommendation to CB ?

;o)

You mean 'protection practice' the day before the market opens Sparkz ?

Well deduced Steve.

One hell of a 'misinterpretation'.

:o)

It's probably written by Dumbocolumbohumbomumbojumbo.

It's utter guff.

No announcement was made on Wednesday and why would you report that on a Saturday.

Mineralisation on Hole 3 didn't start at 110 metres either, it started around 280 - 310 metres.

On top of that, how could you put a price 90 + times the actual price and express a 24% change, while contradicting it with no actual price change.

'Price (GBP): £5.39, Change: £5.39, Percent Change: -24.01%'

No attribution to any individual reporter either and it's grammatically inept to boot.

'with the hole been mineralized' .... amongst others.

This is some illiterate buffoon writing fake news.

Bb

I agree with you, if you look at the price chart pf Copper, suggests it'll break the previous record within a few months, particularly if as predicted we're into a supercycle.

"Greta scenario" means $20,000/t copper, says Bernstein

To achieve complete decarbonisation by 2025, the “Greta Thunberg Scenario”, the price of copper would need to increase to $20,000/t or higher, research by Bernstein has found – and even the more modest goal of meeting existing emissions targets would require a 40% uplift.

Separately ....

Earlier this month, Goldman Sachs said it was “highly probable” that by the first half of 2022 copper prices would test the existing record highs of $10,170 set in 2011.

Shorn

Do you mean 'where do you get the cash cost from and the value of copper per lb, etc ?'

If so, the cost of ore processing across the sector for majors with significant Cu deposits, not high grade, just large deposits, is roughly $10 per tonne.

I've applied $11 per tonne.

That was the point raised, that Copper's prospects have vastly improved since the example comparison from 2013.

Now that the Cu price has further strengthened, as posted by News:

'The copper price is now $8,806.5 +4.67%, 5 hrs ago, Sat 20.2.21'

The previous calcs for profitablility for a major from Bushranger are better still.

_______

Still more than viable whether 0.2% or 0.4%.

Mineralisation close enough to surface to be open pit.
Average cash cost per Lb of copper at 0.4% is $1.25.
Lbs of Copper per tonne at 0.4% is 8.8
Lbs of Copper per tonne at 0.2% is 4.4
Price per Lb of Copper at todays price of $8,800 per tonne is $4.00
Each tonne, at 0.4% Copper, the margin is roughly $24
Each tonne, at 0.2% Copper, the margin is roughly $6.50
Add in 0.5g of Gold per tonne at $30
Margin per tonne at $54 and $36.50 respectively.
Every million tonnes processed, $54 Million or $36.50 Million margin.
Now scale it up, a current JORC of 71 million tonnes.
$2.6 Billion to $3.8 Billion margin.
Drilling to prove up a far larger deposit of 200 million to 400 million tonnes.

$7.3 Billion to $21.6 Billion margin.

Copper prices continuing to rise as demand continues to rise.

Got to be worth quite a few £ 100 Mill to the likes of an AA or BHP or others.

You get the idea, despite the crude calculations.