Member Info for Shorn

@Hottesttony
enough of your rambling - filtered

@dorfan01
"...Is it just another impelling reason why Jubilee is a great place to park your money ?..."
I agree it is a good place to park your money.
Exposure to the results of mining but with at surface lower risk, faster turn around on investment, diversified metals, diversified geography, and playing a part in the cleaner future. Under pinned by good management.
By way of a stark comparison i also park cash in very old & rare whisky's (collection). Highly fluid market (forgive the pun) and if all else fails i can drink it... ;-)
IMO ATB Shorn

@Lucky520
I believe i have heard said that the limit of open pits is around c600-650m (i stand to be corrected), BUT you can mine beneath that depth from within the open pit if that makes sense.
I re-listed to the Vox market modelling video - and certainly Jeremy Read believes the strong correlation between Geophysics & drilling gives a compelling view that the pit could be over 3 times the original size, due to the extensions NW, SE, & E...
Does anybody know of another (Copper - Porphyry) open pit c3-4km long and c1.5km wide in the world ?
IMO ATB Shorn

Thanks theiceberg updated blog always appreciated. For any newbies looking in here's the link again worth a read as are the others before it...
https://icebergshares.blogspot.com/2021/09/xtract-resources-phase-2-at-bushranger.html
Does anybody have a sense of when Hole 14 might be drilled, as theiceberg puts it...
"any copper-gold in hole 14 will be exceptional for Xtract as this only touched the very outside of the entirely new, potentially larger, porphyry zone."
I suspect this is where we potentially move from doubling to tripling the size of the resource. And i guess leaving the 2MT AAL option behind in our rear view mirror...
ATB Shorn

When you look at the aerial shot below - it's remarkable how far H17 goes away from the original resource - this is becoming truly massive...
https://www.rns-pdf.londonstockexchange.com/rns/5169M_1-2021-9-21.pdf
I reckon the owner of that property a bit further to the NE (almost off the picture) could feel the drill bit turning under their feet...
ATB Shorn

Just re-watched the clip below (a bit long) but you really do get a sense of what Mark Slater is about....
https://www.youtube.com/watch?v=NbhCo2I7sfE
points of note...
1-> Tends to hold at least for 3-5 years, often 5+ and some for 10+ years
2-> Growth stocks he holds for longer waiting for re-rate
3-> Not interested in 10% growth and selling
4-> Likes targets with brand, exceptional opportunities, and benign competition
5-> Recognises Slaters money is better invested in smaller companies as the rate and ultimate size of growth is better than with say larger companies
My take is he definitely sees the growth coming to fruition in the near term, a re-rate is defo on the cards (otherwise he wouldn't invest), and he totally believes in Leon at the helm. I would suggest this additional money apart from fuelling accelerated growth, has a secondary benefit as a large tick for a SP re-rate from Slater's who wouldn't waste their time or money if there wasn't going to be one.
IMO ATB Shorn

I agree with dorfan01 - I also suspect the Chinese government will not want their banks pulled down by the over stretched (300bn debt) Chinese property company currently causing the world markets some upset. The consequence on other economies would be negative and result in a double whammy for China (less markets / buyers for their products), together with an internal banking problem. I really can't see another Chinese version of the Lehman fiasco.
So the question is as mikiesunday put it "do the markets want to start buying metals ahead of the curve or pay catch-up".
Whilst the wait for the turn in the tide is frustrating, Jubes just needs to crack on with it's financed accelerated growth plan bringing on the additional Copper & Cobalt, etc - the SP will follow.
We just need to be patient and sit on hands...
IMO ATB Shorn
Once China takes care of their problem markets will settle - then i think it's case of when the bear gets pokes and the run for metals starts. The major economies are committed through policy on a green future the rest we know...

Try that again.
So we have (but not limited to) the following Xtract company headlines...
1-> Current largest un-mined Porphyry system discovery in NSW with AAL option, or option to mine - "Bushranger"
2-> Potential IOCG system beneath an enlarging open pit copper mine in the Zambian copper belt - size to be confirmed but "could" be Tier 1 - "Eureka"
All for 3.95p a share...
IMO ATB Shorn

So we have the following Xtract company headlines...
1->

@Blimeyori
Thanks for the link - i cut and paste the opening description...
These ore bodies range from around 10 million to >4,000 million tonnes of contained ore, and have a grade of between 0.2% and 5% copper, with gold contents ranging from 0.1 to 1.41 grams per tonne. These ore bodies tend to express as cone-like, blanket-like breccia sheets within granitic margins, or as long ribbon-like breccia or massive iron oxide deposits within faults or shears.
The tremendous size, relatively simple metallurgy and relatively high grade of IOCG deposits can produce extremely profitable mines, although the formation of these deposits is still not fully understood, and the fluid origin of the world class deposits are still being investigated.
This reads like we may have something really really big and valuable - not being one for being dramatic but OMG...
Sounds like we and others in 2008 were working on the tip of the ice berg (pun not intended).
IMO ATB Shorn

@theiceberg
What is it about the results that lead us to believe we have a potential IOCG occurrence ?
Is it the high Cu grades at depth ?
Meaning the deeper structure below the open pit would "naturally" contain the iron oxide & gold with the Cu because the fluids at depth pushing up to the open pit are the catalyst for the presence of a lower IOCG system ?
And that being the case, apart from getting the production from the high grade surface copper flowing - we need to drill and assay the lower system.
Drilling the lower system - in an IOCG are there sweet spots like in the layers of a porphyry ? Or does it require a lot of in fill drilling to get the over all mass ? (just trying to get my head around extent of drilling and time to prove up). Your thoughts on this would be helpful & appreciated.
ATB Shorn

I note another explorer has purchased a tenement relatively close to Havieron & Telfer - does anybody have a sense of where this is relative to Wishbones ? (i sense it's close)...
Other companies RNS states...
"...Pascalle tenement covering 75km2 in the Paterson Province. New tenement is proximal to world class gold-copper deposits with Havieron 20km to the East and Newcrest's Telfer Mine 14km to the West..."
Trying hard here not to get dragged into a scrap across boards - so am only interested in "relative" geography - does anybody have access to a tenement map for that area ??
ATB Shorn
New tenement is proximal to world class gold-copper deposits with Havieron 20km to the East and Newcrest's Telfer Mine 14km to the West"

Thanks - something is going on though... up c14% atm.
Data filtering out ??
IMO ATB Shorn

Apparently there is an RNS out, but when trying to open it through LSE - they are having "technical difficulties"...
I checked WSBN web site and that last RNS listed was the 6th Sept...
Increasing share price tells me the RNS must be interesting - any clues anybody...?
ATB Shorn

@Shrews
Spot on - the journey continues proving up the size & quality of the asset(s).
I believe we also have the potential JV partners in Cyprus too - all adding to the positive direction of travel for Caerus.
IMO ATB Shorn

@Turnpan
I don't - but you have just listed all the companies i have shares in and those i don't !
ATB Shorn

@jonah58
Unfortunately not - i'm all PGM's, Cu, and Gold, over a +4 year window.
Sounds interesting tho.

I started life designing AC / Refrigeration systems - what this article is pointing out is an already known industry choice as the heat exchange characteristics are similar enough for the design purpose. IMO the use of aluminium for this purpose is only scratching the surface of the consumption of copper. Also i am not convinced the supply side of aluminium is any more robust that copper...
IMO ATB Shorn

@Teaye72
Good find - interesting points which apply here with ARCM, for starters #1...
1. Management stops defending the stock price....
Also no reason to extend an EA if the deal has taken shape...
IMO ATB Shorn

The recent 3rd Copper auction in China actually made the price rise - so much for their idea to supress the markets...
https://youtu.be/O2Dx1m2CQ9A
IMO ATB Shorn