Member Info for Shorn

@ogm4
Any deeper and this monster porphyry will be wider than it's length.
Remember this is also meant to be wider further down the length too...
CB is going to need a different root vegetable to describe this formation, i think we are entering into the realms of competitive farming of Butternut or marrow squash territory, we left the cigar and avocado behind a few days ago.
On a practical note it has been stressed that this porphyry being on it's side lends itself to economical / accessible mining - surely this dimensional increase is working in our favour...
IMO ATB Shorn

LONDON/TORONTO (Reuters) - First Quantum Minerals FM.TOFQM.L has agreed to buy Kiwara Plc KIWA.L in a cash and share deal worth $260 million to expand its copper mining operations in Zambia, the companies said on Monday.

"Kiwara has recognized that the Kalumbila project and indeed the license area in general, has potential well in excess of our current resource capability," Kiwara Chairman Colin Bird said. Kiwara is also listed in Johannesburg KWRJ.J
ATB Shorn

@The_Frog
Thank you totally understood. This has months to fully unfold so am happy to enjoy the journey.
And as a side note @theiceberg's report / thoughts on the potential structure of this growing porphyry (scenario 3) is gaining traction...
IMO ATB Shorn

@L2Analyst
New to some of the terminology so forgive my obvious ignorance but can somebody explain the reason / implication of a "overhang" & "placing" to the SP ?
ATB Shorn

@theiceberg
Pictures speak a thousand words, and whilst we wait for further updates it all helps get our head around the potential growing size. Thank you.

@CaveatEmptor
Lol - yes that helps with the 2nd drill firming up the width, which as we are hearing sounds favourable so far (more data to be released in the next 24-48 hours).
ATB Shorn

@cyberiachas
I read @theiceberg recent report suggesting potential likely outcomes as we continue to explore the additional holes, including expanding resources at depth.
Excellent thoughts and descriptions for non-geologists, i hope he doesn't mind me re-posting it...
Icebergshares: Xtract Resources Bushranger - Racecourse Prospect

I have been trying to get my head around the expanding resource (RNS's), problem of course is we have 2D images and drills at offset angles with data suggesting a 3D concept of the following...
A Cigar pointing S->N thinner end at the top travelling 45deg down in to the earth with a widening at the bottom with gold deposits likely increasing towards the bottom (consistent with Porphyries).
Using the existing 2D drawing we appear to have two "steps" underneath the upper one thinner, the lower thicker.
The existing JORC reflects the current 2D model and historic drilling results, but the first XTR drill extended length & depth as we know, and the second drill has potentially doubled? the second step width...?
Additionally, the shape is slowly changing from a flatter Cigar to a more rounder shape hence all 3 dimensions (axis) exceeding the existing JORC, i say this on the basis of the drill angle eventually passing right through (+750m) creating the 3rd dimension (if you see my point).
Not being a geologist i can't comment on the finite quality of the RXF readings but other posters certainly seem excited by the mounting data.
I would appreciate if anybody could elaborate the visual understanding of the implied dimensional increases through the drilling data...
Clearly what is required is an updated but preferably 3D image showing where we have exceeded the existing JORC, which i am sure will come in the fullness of time.
This is big and events are proving CB's thoughts on it - and as you say any additional data can only help the understanding of what we have here and ultimately the SP.
AIMO ATB Shorn

@theiceberg
I appreciate what you are saying. With more results as you are suggesting, to what extent can the existing 2D drill model be updated to illustrate the larger size asset that the original JORC was based on ?
I remember watching the early days 3D model of Havieron develop over months of drilling - it was a very strong message for the market. Although i recognise that a Porphyry is different - hence better data representation could only help.
ATB Shorn

@TomStory
I have been looking at this for a while, and i believe with the advanced stage of de-risked discovery of Havieron and the presence of and available processing capacity of Telfer (NC), we are on the early stages of the second rising part of the curve. However, the curve in it's traditional sense is not quite what GGP has experienced.
Additionally, all the "noise" we are also experiencing currently including the retraced SP are a function of the markets & MM, and not part of the curve dynamics.
I am a newbie myself investing significantly at around 24p and firmly sitting on my hands, and totally see the future asset value increasing through further intense drilling as per todays RNS, together with the resultant future increase in SP.
IMO ATB Shorn

@MM
Understand your point more now.
There will be government stimulus packages aimed at infra-structure which will help in the traditional sense.
BUT your point about "rescue" type packages are valid and to some degree not helpful to the concept of driving positive money (growth) into / through the system.
However, i also sense that the traditional spending behaviour of working folks to spend spend spend / borrow will not be lost in a total sense, and probably increase...
Meaning personal debt will not naturally be paid off, landlords and credit agencies will suffer - IMO.
This then leads to the question of inflation. Will we as i think you "may" be suggesting lead to stag-inflation (lack of growth with inflationary pressures), or could it possibly lead to hyper-inflation gloves off - working towards the next crash ?
Personally, i run a business in the UK and i suspect that there will be a period of time of redistribution of the unemployed workforce (i struggle to employ folks due to BREXIT). So i think there will be a rebalancing of employable people and therefore the economy (in the UK) but the fundamentals underpinning the economy will be as you say not quite what we think "printing money" means...
My point with respect to this thread is that my decision to significantly invest in companies mining and also exploring Gold, and the recovery of Copper & PGM's is based on the fact that all the points discussed are going to drive the those prices, and the growing need for those resources upwards in price - over the next 2 years and beyond, and to my and others here - ultimate benefit...
Thoughts ?
IMO ATB Shorn

@MontyMcgree
Fundamentally i don't understand your point - call it ignorance.
If the US government lend / print money and introduce it in to the system - banks ? and financially support infra-structure projects to promote a growth economy, with the resultant opportunities that are created how is that "plugging a hole" rather than creating growth...?
ATB Shorn

@cyberiachas
This is another indicator of industry wide trading profile...
https://shareprices.com/sectors/mining
Do they call it a cyclical retrace after a large upward swing.
Sit on hands or top-up is where am at.
IMO ATB Shorn

@Steve4077
This link may help explain...
https://stream2.kitco.com/21_01_07_Foster_liferay.mp4
ATB Shorn

found it thanks - this is a new video update released today at 10.43am
ATB Shorn

Thanks

@Everopeful
Interview ? - do you have a link please ?
ATB Shorn

@Mikiesunday
Totally with you here - this isn't a punt on a mining exploration stock - these are views on a sustainable, transferrable, business, that is looking to achieve it's green credentials all the while producing PGM's, Copper, etc in a market place that is only going one way, up...
The fact you have a glass "half full" approach when the MM's etc are playing their games is all testament to you and i fully support your perspective.
IMO ATB Shorn

@portal
Excellent data - thank you
ATB Shorn

Can anybody with exploration or minerology experience make sense from the PDF drawing of the reasons for the positioning of the priority 2 drill clusters ?
As an engineer i would of thought drilling from either side would be of benefit for 3D mapping (but what do i know)...
OR has earlier imaging data & prior AA drilling led them to focus on the area NW of the extension ?
Meaning priority 2 drilling is specifically aimed at proving more width at depth or better AU% at depth or both ?
ATB Shorn

@Dave85
Not sure i follow all the numbers but really appreciate your thoughts here and does add well to the discussions.
So from your estimated figures i think they represent a lower range of values without any JV to increase asset in ground values - that a fair comment ?
ARB Shorn