Member Info for Shorn

@theiceberg,
Did a quick search on Google and established there are 33 companies actively involved in Copper in NSW - (exploration, advanced exploration, development applications, and obviously mining) found the following companies mining copper to a lesser or greater degree in NSW (in no particular order)...
Straits Resources Ltd
China Molybdenum Co Ltd
KBL Mining Ltd
Nonfemet
Toho Zinc Co Ltd (2 locations)
New Gold Inc
Newcrest Mining Inc
Glencore Xstrata
Link for further research...
https://www.business.nsw.gov.au/industry-sectors/industry-opportunities/mining-and-resources/base-metals/copper-in-nsw
AA is in the 33, and is included in "exploration". The data is from a government website so i am assuming is fairly accurate and up to date.
ATB Shorn

ATB Shorn

@cyberiachas - interesting extract from your attached article...

"Copper porphyry deposits are a prime example of how the grade can not be the only consideration when evaluating mine economics. Grades for copper porphyry deposits typically range from 0.2 percent copper to greater than 1 percent, with a median grade of 0.44 percent copper.
Other geological factors can have a large impact on the economic viability of a project. The metallurgical properties of this deposit type also make for lower cost mining operations.
“Copper porphyry deposits, despite their low to medium grades, are highly attractive to major producers for a variety of reasons, including their polymetallic nature, massive size and ease of mining. The ore is relatively inexpensive to mill and concentrate using flotation methods, heap leaching and electrowinning processes. These deposits are typically amenable to large-scale, low-cost operations using bulk-mining and milling or heap-leaching methods,” David Watkinson, P. Eng, president and CEO of Emgold Mining"
ATB Shorn

Yes i second the thanks to Andrew, Cygnus, Iceberg and others.
I randomly (nothing to do with mining...) had reason to cross paths with a Geologist out of Queensland and mentioned my investment into an explorer in the Lachlan fold in NSW. He knew of the Xtract drill and his comment was that "it is a really interesting find and one that needs to show some decent grades through assay". (Which we are all eagerly waiting for).
My question is around the potential grades of mineralisation and the effect on the value to Majors in the area including AA.
Meaning the maths is quite clear - double the mass half the grade the value is the same, and increasing copper prices and the potential of a super cycle very much helps, particularly when future demand is potentially outstripping future supply.
Simply put if we pass the 2Mt mark but with a lower -> average grade would the size be enough of a "investment" pull to the majors for the reasons above ?
Also to what extent is Boda a comparable situation in terms of potential investment value to majors ?
ATB Shorn

@stevemocal
This fellow saddo can't find the location on the satallite map - what is the nearest town ?
ATB Shorn

@Andrew4444,
Am i correct in assuming that when these 5m are issued the MM's have to generate 5m shares to be purchased / exchanged in place of the warrants and that action may take a few hours / days to work through and as a result dampen the SP movement in the short term ? And who would hold these warrants typically directors ?
ATB Shorn

@CE
Could i ask that we look at the area being drilled in terms of this drill map...
https://www.rns-pdf.londonstockexchange.com/rns/8229M_2-2021-1-25.pdf
Drilling hole 5 to intersect hole 3 120m NW... - are we talking about "intersecting" in the area underneath the wooded area NNW of the two blue dots representing XXBR-6,8 on the attached link ?
Sorry for deliberating on locations - just trying to get the virgin territory that has new mineralisation close to surface clear in my mind is all...
ATB Shorn

@News
Sorry just realised it's a PDF, and that the Mining News is a subscription magazine.
IF folks want i can cut & paste the text over a few messages.
Let me know if it's something that we have not seen and want to share - otherwise i wont fill up the board with reams of repeat data.
ATB Shorn

@News
Is this what you were looking for ?
(Sorry if it's a repeat piece of data)
file:///C:/Users/User/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/UDGCQI2M/The%20Aussie%20discovery%20that's%20got%20the%20London%20market%20excited%20-%20MiningNews.net.pdf
ATB Shorn

Thanks Cyber - grades and size - loving this.

Maybe taking profit...
But more likely re-balancing their fund, due to JLP - SP increase and taking their weighting in JLP relative to their other shares too high...
IMO ATB Shorn

@ Cyberiachas
Unlike Close Encounters of the Third Kind where he had the image in his mind and he made the shape a centre piece in his living room - you need to think of a somewhat flattened Cigar, ovoid in shape, sloping 45 deg down, with a Butternut squash end to it, with cathedral like fingers creeping back up to the surface (all in outer dimensions of 1km sq'd - at least) - me thinks your going to need more plastacine ...
ATB Shorn

Where did you place the all important additional extensions loosely called "Cathedral spires" (mentioned by CB in his ZM interview) on the plastacine model ?
ATB Shorn

@Teip
Do your research and you would understand the drilling program.
By the nature of your question you don't understand exploration and the asset development through drilling.
RNS recent drilling data and existing historic programs / model are available.
This is AIM want something more tangible and safer - go to a mining stock on the FTSE, etc.
IMO Shorn

waste of my reading time - filtered

Bamps, Paddy - Understood - thanks both.
ATB Shorn

lol - i wasn't questioning the currency - is the net result of what you calculate (potentially) c4.9p dividend per share for 9 years ?
Same question - BUT the life of the mine is longer...
Or have i got the wrong end of the stick here.
ATB Shorn

Hi Bamps21
Excited yes - fully understanding no... (my lack of following your figures).
Can you elaborate the final bit about the period of the 9 years where you say...
"54m tons divided by 6m = 9 years
4,200,000,000 shares = 0.054p per share per year = £0.486p per share"
I'm thinking 5.4p dividend per share for 9 years, but the mines life is longer - sorry for being THAT layman :-)
ATB Shorn

And of course there may be JLP news enroute (which can only be good numbers (Q3) for all the reasons previously stated) in which case PI's / II's buying in anticipation...
IMO ATB Shorn

@Hgg
You sure they are all sales ?
In my experience all is not what it seems - often they show as sells and they are not...
I mention this particularly as if you look earlier there are multiple "buys" of the same sizes...
Is there any way of checking this folks ?
I do know from other boards (GGP) that MM's apply their dark arts to pull SP's lower - shaking the tree...
IMO ATB Shorn

Looking at the link below - as the porphyry drops at 45 deg down from the surface and that the drill hole 5 is some distance from the upper end of porphyry and a step away (NNE) from the centre line (hole 1) - this on the one hand is hard to visualize / model from what data we have, BUT is a significant step change in the over all size (i.e. mineralisation starting so close to the surface in virgin drilling territory) or as iceberg points out maybe a second core extension...
https://1.bp.blogspot.com/-5PkbGw5F0M8/YA7FBgwwDiI/AAAAAAAAANs/DsKgIdHf754q0BrpR4RS9pfESpUaLWRSACLcBGAsYHQ/s936/rcsc2.png
IMO ATB Shorn