Member Info for Shurething

We should hold a competition on when the RNS will come out. Ten quid in the pot - winner (closest) takes all. My guess is 11.52!

https://www.reuters.com/article/us-kiwara-first-quantum/first-quantum-buys-kiwara-for-260-million-idUKTRE5AM3Y220091123

Is next to another elephant!

https://stockhead.com.au/resources/the-lachlan-fold-belt-is-shaping-up-to-be-elephant-country-and-its-only-just-beginning/

The keys to the grade / tonnage scenario are as follows:
1. They are drilling down dip and yet remain in mineralized zone even at 1000 metres plus. As deviation of the drill string from 'true' is inevitable with increasing depth this suggests the mineralized zone is widening with depth.
2. Visual assessments of chalco. suggest impressive amounts. Let's hope this translates to 1% plus Cu.

Pile in time at 6.5 p!

Turnaround time in Aus - sample prep and analysis should be between 4 and 6 weeks - depends on how busy the lab is. Core needs sawing and logging first.

Re: Hand-held XRF results - it is impossible to get an accurate assay result on solid drill core from a hand-held - as CB has previously pointed out! You'd have to saw, crush and mill the selected interval then XRF it but that is not feasible if you are planning lab analysis of sawn half cores.

Re dimensions: if the length down plunge is 1 km, then if the mineralized zone is 250 x 250 m in average dimensions at a SG of 2.7 - that's approximately 170 million tonnes. Then it's all grade-dependent (as always).

Rising

Bid slowly ticking up

Price monitoring extn at 11.00.

8p looks like the base level

It's not the drill bit or even the drill string (rods) but the drill rig's depth capability.

5% plus chalco. is the gold mineral in the close-up core photo. It is too yellow to be pyrite.

Likely to be chalco.! Too yellow in colour to be pyrite! In this intersection looks to be c. 5%.

The logic is that the MM's invariably know when news is about to break - and often drop the price in anticipation! Hence it dropped again this morning (on positive trading) prior to returning to (or just above) its Wednesday price.

Moving nicely in the last few weeks.

Does this mean news is imminent?

Nice lifestyle I'm sure! One of my classmates from school works in the City (owns his own 'boutique' bank) and earned over £20 million in one year in the early 2000's!. In our year we had an approximate 25% Oxbridge intake but he got a C and a D and failed his Maths with Statistics. However, with a 'face that fits' and being a good actor and canny those are the credentials you need for success.

It will be a very good Christmas for TB! First he pockets money from the BRH 'Special Dividend' - on the back of RMS share sale then, this week, the BRH share price virtually doubles - for 'no apparent reason' - which means that the reason must be to do with the present kerfuffle with RMS. Congrats Trevor - you continue to play blinders!