Member Info for Shorn

The last data release from the WSBN website dated Aug 10th confirmed testing using Ionic Leaching, the results of which would be superimposed over the established and existing magnetic & gravity targets in the 400m x 100m IL tested area, (Part of the 2400m x 400m overall target area).
In the data release it states that IL testing produces a fairly quick result turn around time of 4 weeks...
Am i therefore correct in a summing we should have results in say the week beginning 6th Sept ?
And, does anybody have any appropriate mining experience that might add their views as to the importance / weighting of such Ionic Leaching and magnetic & gravity result combinations ?
I realise you can't beat drilling and i know this further testing is designed to "focus" the drilling program - but i also recognise that this pre-drilling technology has only started to be used in the last few years particularly in this Patterson region and am interested to understand the significance of the results coming out shortly...?
ATB Shorn

Thanks CharlieSays

@Kalasin50
Do you happen to have a link to share with folks on this board ?
ATB Shorn

@SeisNav
I filtered Ella out several weeks ago - never has anything positive to say and time and time again pulls the company down...
So yes SeisNav other people have noticed and when i responded to you earlier on - i think i poked the bear lol.
ATB Shorn

@SeisNav
No doubt the "radio silence" since the end of the exclusivity is linked to discussions behind the scenes.
Makes sense for AAL to wait for election outcome, and gives more time for drill results too...
IMO ATB Shorn

https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-tuesday-24th-august-2021-via-vox-markets/#gs.9tm6ve

Thanks Seisnav

Sorry to clutter the board but my message screen is locked in lunch time tuesday...

@Linkie72
Excellent reminder of the journey and proof when you compare what Leon says to more recent projects & deals done (like the RNS today).
This stock is only going one way for me - DYOR but don't miss this opportunity a steal at this SP given recent broker notes of over 20p supported by the most recent financials...
IMO ATB Shorn

@Major-Tom
Sounds reasonable that AAL may of waited for both the legal case outcome, and the tone of the incoming government.
Decks would all seem fairly clear now on the DD front or more importantly business risk and warranties (against legal cases).
Perhaps with scoping and some drill results we may see the buyout / JV trigger pulled...
IMO ATB Shorn

@clueloss
Although not directly related the following article bodes well for links with the new government...
https://www.thenationalnews.com/business/economy/2021/08/21/zambian-copper-producers-eye-expansion-of-projects-worth-2bn/
Excellent RNS wait for the Zak M and Proactive interviews with Leon - this was definitely what Colin & Leon were alluding to in the joint presentation at the beginning of the year...
IMO ATB Shorn

https://www.miningweekly.com/article/zambian-mines-look-to-new-leader-to-unlock-2bninvestment-2021-08-20
Copper producers are ready to start expansion projects worth $2-billion in Zambia next year if the industry can reach an agreement on royalties with President-elect Hakainde Hichilema’s new administration.

"Companies including First Quantum Minerals and EMR Capital are ready to raise funding for the projects, while other producers need to spend “hundreds of millions on dollars” in capital that they’d held back since 2019 because of tax changes that deterred investment, the Zambia Chamber of Mines said..."

@howezap, Xeiger,
Given the need for a revised "measured reserve JORC", have the BOD or the team on their most recent presentation actually said the current planned drilling & modelling + (i imagine another phase of drilling for infill??) will be sufficient for a revised measured reserve JORC ?
ATB Shorn

reuters article snap shots...
"The president-elect will need to reach a deal with the International Monetary Fund for a bailout, and repair relations with copper miners operating in Zambia, Africa’s second-biggest producer of the metal...."

"Zambia depends on copper for more than 70% of its foreign-exchange earnings and Hichilema signaled he plans to strengthen the government’s ties with mining companies. Relations frayed under his predecessor’s administration, which frequently changed mineral taxes after complaining that producers were paying too little..."
Bodes well. IMO ATB Shorn

@ONEDAYRODDERS
Interesting reading and charts. One thing - if i was a major (AAL, et al...) my interest lies with my share price. If Copper goes up in value (due to lack of supply Vs demand) then my share price goes up, AND investing in an exploratory asset makes it go up further, plus the investment is less risky with copper on the rise (all subject to the usual DD). So as a major don't rush, make "commercial" friends and start DD behind the scenes, all the while waiting for the demand (Copper shortage) to push the SP up and then invest (win win)...
I sense that we speculative investors are waiting for the demand for resource / exploratory stocks to become the babe of the AIM market and take XTRACT and in my case some of my other similar investments to another level. All of which over the last few months have taken a hit pending the above upward swing - patience is clearly a virtue.
IMO ATB Shorn

@investoroilgas
Totally agree with your point.
And radio silence usually goes hand in hand with this pattern.
IMO ATB Shorn

Market will recognise that JLP can...
->Transfer current processing technology to other metals (whether mined or waste)
-> Apply current processing technology to other geographies (starting with JV's in Cyprus)
-> Do all this much much quicker than any miner can achieve similar processing volumes
-> All the above with no mining risk (materials at surface) all fully "tested" before going to production
My understanding is that Jubes has IP'd a specific process, and already processes a wider basket of metals (Chrome, PGM's & Copper) than the nearest competitor.
Re-rate coming - no argument against that fact, just a matter of sentiment change and time...
IMO ATB Shorn

@Trek
Totally agree with all your views, and have numerous positions personally of size across Copper, PGM's and Gold (inflation hedge) in light of those exact points.
This link below is the CEO of AAL talking the same old stuff that we all know, and he talks about the supply shortfall particularly in the 3-5 year window.
https://www.cnbc.com/video/2021/07/29/mining-industry-will-struggle-to-supply-enough-copper-in-next-5-years-anglo-american-ceo.html
For me -> we all know the macro's supporting our choices of investment, but listening to that CEO it makes me feel that he (and other similarly positioned CEO's) want this cycle to play out, resulting in Majors playing catch-up (back of the supply - demand curve) with guaranteed future supply shortfalls, Copper price increases will quickly escalate to circa +$15k /Tn - after all what's better for the Majors future SP, combined with their new mines coming on line (late) with copper in a super cycle and prices of Copper at an all time high....
We as investors are impatient and want the industry to "join" all those macro dots and push explorers SP up now...
Clearly majors need to get busy establishing relationships with the exploratory companies so they get a foot in early before they are beaten to the post. So it's chicken & egg Majors get in now or wait for copper to prices to increase and find an other company have beaten them to the post.
With all that said - there's no doubt about this sector / company being the right investment for the right period of time, & patience is certainly a virtue.
IMO ATB Shorn

@theiceberg
Do you happen to have the link for it ?
ATB Shorn

Someone with confidence ahead of results with a £230k buy...
I also think the discreet seller may of finished ??
Good time to release the H2 figures RNS.
IMO ATB Shorn