Member Info for Shurething

This is massive. Why the share price is so low is strange!

Massive indeed!

Hi Bitcoinbuyer. It's only Coed y Brenin (as far as I am aware) that is environmentally constrained. The two gold mines both have relatively small surface expressions and would not impact significantly on landscape if reopened. Furthermore they would be considered attractions to tourism and the local economy.

Hi Bitcoinbuyer. Yes, Alba have both Clogau and Gwynfynydd gold licence areas. The Coed y Brenin deposit, only a few km away from the latter, had to be shelved many years ago because of the perceived planning and environmental objections.

From Coed y Brenin, Wales. Currently of similar size and grade (200 Mt at 0.3%) to Racecourse - but let's hope the latter is much bigger! http://www.geologywales.co.uk/coedybrenin/

This is true. Currently economic copper occurs in three principal deposit types: porphyry, VMS and sediment-hosted ('Zambian-style'). Locations in the world with these styles are well-known and well explored. Southern DRC is still the favourite in terms of potential for new deposits - particularly because of the Cu-Co association, so companies exploring there are worth keeping an eye on. Lachlan (incl. Bushranger) is not properly explored as it is structurally more complex than the classic Andean porphyry area.

Positive move to encourage investors.

Excellent news!

Good rise today Researcher with plenty of buying. Here's hoping ... !

Lucky - you don't get it! Postings are just as much to reassure people not to sell as they are for any of the myriad of other reasons.

Rigs seldom break down because of variations in rock hardness. 'Troublesome' rock - such as a fracture zone or void result in drilling fluid loss. Otherwise it could be a drive problem, hydraulics, water supply issue or something else at surface.

Rigs break down all the while - an irrelevant RNS. In 40 years as a geo I have hardly ever worked on a moderately deep drilling programme without a breakdown!

The resource is just for Racecourse it seems. The map suggests that Racecourse North is a spur of the same (Racecourse) mineralization. There doesn't appear to be an offset.

I agree with you. There will have been some who were expecting to hit the mineralized zone sooner.

Hi Steve. I became lost in the long thread - it was late! Yes - on backtracking it was you that argued 'you can't compare ....'.

Hi Steve and News. News is correct: the relationship between (average) grade and unit production cost is complex. You cannot compare a high-grade low tonnage deposit with a low-grade high tonnage one. As grade drops not only do costs of processing, concentrate shipping and extraction increase, so too do capital (plant) and labour costs. Additionally the costs of stripping - overburden and waste rock removal in open pit operations increase with depth and underground development costs increase too with depth until the orebody becomes uneconomical.

https://www.youtube.com/watch?v=nULs4JW3tPI

Hole No. 2 is stepped out to the west, and deliberately well away from the mapped surface expression of the Cu-mineralized zone. This permits the intercept of the western margin (i.e. top) of the 'new' mineralized zone at depth after drilling through the near-barren hanging wall. Can't see any problem with this methodology. Standard practice in 'step out' drilling - tackling the hanging wall first. Note: I suspect at depth the geometry of the porphyry is not well understood and the hanging wall contact is likely to be sharper than the eastern footwall contact.

WENY TV does look weeny. However, new stories of worth tend to spread to other (national) channels quite quickly - within 48 hours or not at all. This could then trigger widespread interest in the USA. The video clip appears to show the Uni of Nottingham campus as well as Trent University 'Old Building' - but hey-ho - just a small matter.

Sorry researcher - can't use correct English all the time. Too much home schooling to supervise - kids' potential being slowly eroded .... potentially!