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Good spot, oops I meant West where I said east. I.e it's to the west of ridgeway, alkane etc. And ascot.

I appreciate this might not appeal to many, but I was trying to mull over a few things.
The trigger was the Alkane Geophysics.
One of the noticable geo features of Boda, is the eastward propagation of the major mineralisation zones in relattion to the intrusion and the Geo mapping. This is quite similar to the Racecourse deposit. But why and does it mean that on our geophysics we should be looking at the east side of our major mapped features?
Racecourse sits on the far southern extent of the Lachlan Transverse fault (LTF), that extends NW to SE. There is a school of thought that has emerged recently that the LTF actually occured after the major sub arc disturbances. I.E we had older faults such as the Native Dog fault(NDF) and then in a weakness the LTF came up and caused a lot of chaos. The NDF trends North to south.
As the LTF moves through, the pressure release pipes, for want of a better word, then trend along it NW to SE, such as Race course.
Now if thats the case then you would expect, when the fluids retreat and cool to be left to the East of most of the intrusion.
Even Ridgeway is to the east of the main Porphyry zones.
So my question to the Xtract Geo's is why didn't they start by drilling to the east of the main Geo targets?
We can see that 35 (which explored the east of the target) was the best yet.

This isn't a bad point per se, as it means we might well have some very juicy targets that haven't been explored yet, particularly when you consider that 35 was a damn good hole, that made us all go WOW.
Anyway south and east seems to be the way to go IMO. I still think they havent found the best bit of Bushranger, despite finding over 2MT of Copper and 2 porphyries.

I was looking at that alkane release, the I wasn't that impressed. The long lengths i.e 800-900m comes out at about .35cueq to .5 with I think .55 the highest..
But with two processes gold and copper to do, costs will be much higher, but you will also tend to have lower extrAction rates, as much as 20% lower for copper.
So actually it translates to about the same as our hole 1 in economic terms.
I know that higher grades have been found,but these are the incorpor ated in the longer lengths.

It's also RC, which is the lower their of drilling.

Maybe I am being a bit negAtive though.

If you can't see the importance of 36 then you must be blind and insane. Near surface, strong mineralization after adding hundreds of metres to racecourse. All that increase in tonnage, more than I though I admit. I really though the southern extension was narrowing and lower quality......but far from it....
Holes 32 and 34 and as expected imo, I can't really see the point of drilling so many holes there unless your really going to go deep (which they havent).
But hey ho.
The real winner is 36. Really quite incredible, but no assays still???

Finally had a chance to watch the interview.
Good to see that are drilling to the South of 35. Imo somewhere between 36-40 gains I'll come out with a monster 400-600m of commercial mineralisation.
Good to hear how well racecourse is going.
It was a little disjointed imo, as a few have said.
Can they not just screen video some of the moving model stuff, put a few screen grabs together, pop it into a presentation and then get the geos to do a talk referencing it?
I just don't see what is added by doing it live.

This has toe the number one copper explorer in Australia

https://icebergshares.blogspot.com/2021/12/xtract-ascot-another-porphyry-another-2.html

I've not had a chance to watch the Sunday interview, as I've been busy and am sorry if it replicates any of it, or even worse I've got big bits wrong!

I'll try and watch it later today. Not a great SP reaction today which is surprising as news of a porphyry of this size is amazing, but maybe folks see a raise coming to pay for the new drilling of Ascot? TBH i am not sure whether we need one, or whether if we do, it won't come until March time, by which time we have drilled a few times into Ascot and got back Assays so will have a much higher SP.

I thought we had it clarified from Colin that it was the license. I've got a feeling that Ascot would have to be included, for no other reason than it would be very difficult to mine either if they were separated. It was probably just a shorthand notation. sub Race course with bushranger....
Obviously the above can't be confirmed without finding the interview.

I think we will get a racecource update tomorrow, with 17 etc.

Back Home, a few thoughts, firstly An amazing RNS. Exactly what i wanted, I called a few weeks ago to have the the new SE results in a separate RNS and not mixed up with racecourse. I am glad they did that. Hole 25 and 14 really pointed the way to this. Holes 33 and 35 are both 300-400m south of 25.
"Hole 25 still isn’t the be all and end all of the SE porphyry, my best guess is that high grade massive alteration is probably 500-1000m south of Hole 25. Mineralisation in Holes 14 or 25 would indicate another massive system."
I wrote the above back on the 30th of October. TBH the mineralisation is exactly where it should be and it should extend quite a bit further south. It should extend further to the east and west as well.

Finally, the core samples are pretty amazing, probably the best I've seen from Bushranger. (Obviously the gold colour isn't gold isn't Chalcopyrite mainly). However I've said that I would not be surprised if gold is more prominent.
A bit of wait for the Assays, but XTR continues to deliver in Australia as much as possible.

Currently out, but wow!

Just to join in, from my blog back on the 30th oct. My expectation was 500-750mt at .35 CuEq. Which I still think is pretty ball park. For open pit.

Assays are a bit slower, but imo colins worried that 14 for example won't be viewed as very good and is waiting to release a few good ones....imo if he is doing this he s wrong as nobody expects 14 to have much copper.

Lots of solid infill drilling.
Interesting that they think there is more completely untested mineralisation to the sw.
29 might indicate a slightly different intrusion make up, possible more molybdenum like, likely to be the main intrusion core between bushranger and the se?

It might seem boring, these drills, but they are hundreds of metres from the start of hole 1.
They are still finding mineralisation with every drill and building up the resource nicely.
Maybe some an assay tomorrow.
Still very little new SE anom info…

Yes, sorry I did mean 17, I must have mistyped. I am using my phone and don’t have my glasses on. It’s depressing as I am still in my 40s :(

I agree with both sides, I dont think there will be fundraise this year, I don't think it's needed.
It's better to find organically, and 2MT should be delivered without a raise.

If we have a raise to drill porphyry number 2-3 or 4 in Australia at a later date I certainly won't be complaining as adds so much money to the overall value.

I never had huge expectations for 12. It was always a short sharp cut off the top (shortest assayed hole I believe for xtr at bushranger). Given that, I was expecting less than 100m, so am pleasantly surprised...I am not sure it tells us much tbh, but it is a solid result.

14 is still wanted - for traces of anything at all which would be fantastic.
16 etc are the real expanders, and could come at anytime imo.
I am hoping for another rns later this week.

It's been said before, but a few things today have helped to bring it to the fore again.
Firstly the tweet i made about cobalt in Africa and secondly the BHP announcement today.
(If you missed it, the tweet was about how, after 50 years, the US has lost the Congo and it's supply of Cobalt to China, The BHP announcement concerned BHP offloading it's entire oil operation, after already getting rid of coal).

Miners completely failed to get the strategy right after the 2008-2010 leverage crash, they became so fixated on paying down debt and improving the debt ratio's that they missed the Chinese buying up most of the Copper, Lithium, Cobalt, REM's etc

The big miners just watched and laughed while the chinese companies paid, what they thought, was obscene amounts of money. The big miners just paid down debt, kept organic growth to a minimum, barely invested in their existing projects and when they did, it was to bring down costs, rather than increase production.

Now they are massively unprepared for the massive switch away from fossil fuels, more importantly despite being fit and lean and cash generators, they are still missing the strategy, and instead are doing pointless share buy backs (like AA).

There are signs as per BHP and Newcrest's lookout for small explorer partners, that things are changing but far far too slowly still.
At some point this has to change and anybody with a new, good quality undeveloped, lower risk, project will be bitterly fought over.
At least that's my opinion....

Been busy today, so just got a chance to look at the RNS.
Like many, this is a bit of a confused.com
Just to be clear, 14, 27, 29, 31,32,25 are all outside the open pit.
16 is just in the open pit. 24 is just just in the open pit.

Obviously 16 is good news, shallow, decent mineralisation above the cut off % so adding to any economic analyst of the open pit. 24 looks to add even more as Colin says.
The confused aspect comes into 27,29,31,32 - it looks like both drills are now drilling outside the pit. (The SE)
They are really giving a certain area a very good poking. Why ?
Why also is news quite slow from these drills? (although they are drilling massively quickly)

I can't see personally that the gold in 16 is particularly significant.
16 is not and never going to be amazing grades it well away from core, its amazing it's got the grades it has tbh.
Like others why is 27 going through the high grade crown? It would be the strangest porphyry, if it's got a crown in that location and then intrusions to the NW (bushranger) and equally to the SE (bushranger SE)?
I am not surprised the RNS didn't add much value as it very difficult to understand. However the expansion of the mineralised open pit and the intriguing new exploration is both good and welcome.
Anyway enough pointless ramblings from me...

I am kind of hoping we don't get news tbh, if they do then that's find, but equally a nice big bang of assays, then the model presentation would suit me very fine indeed.

Re the model and cross sections, just my opinion as always but, it could be anything, re a slight strinking. different cutt offs used on the model, guess work etc. We don't have the assays for hole 15 so tbh we can't possibly say what the model will show there.

I also wouldn't get too hung up about the colours, hole 11 has sections of .39 for example well outside the stronger mineralisation (nearly 200m away from any yellow).

TBH hole 11 has never really been one I've been bothered about (sorry to be numerist). As per the desciption is kind of missed the key areas, but has still added useful information and despite missing a few key areas has recorded 150m of well above mineralisation.

Its still important to remember where hole 11 is, is right at the top of the known system and according to AA was pretty much the end of the system. Instead we have a huge continuation 800m plus in depth and 200-400m in width, which sits at the end of system well over 1km in length and is still pretty much at surface, even in the northern section which should be the deepest.
Not much to say about the gold, IMO the new SE Porphyry will be more gold centric.

Nothing much new, but a nice reminder that we really do have a fantastic deposit and the Shareprice is moving in the right direction after some consolidation in the 5's.

I agree with alot that has been said, To pick up on Dibs post, then i will stop for awhile to get work done. The problem with a salesman is that people turn off from salesman speech. Its fully needed when your trying to sell a 10 year old ford focus with 80,000 miles on the clock, but Bushranger is more akin to selling a MClaren F1.
By that i mean people want the story. Colin was perfect with the first drill - the story was interesting and compelling. The story was simple and focussed.
The Presentation with the Geo's was equally great, they told the story of the open pit, the new anomalies and what was going to happen going forward.
Now to introduce a second component, the story also needs to be controlled and planned with a communications strategy. When Colin has an interview, he should decide what single point he wants to get across. Introduce the point - evidence the point - explain the point and then saying it again in conclusion.
If he's come on to talk about company A, then stick to company A and don't half way through talk about company B, even if he's asked. Give a bland stock answer and move on. It should all be about strategy and message.
To give an example(this is just IMO), yesterdays RNS and interview should have been about the extensions of the open pit. Keep it simple. Drill XX has advanced it my XXX metres, we have more drills that will advance it more.
Group the news.
Then a separate interview to discuss a separate RNS on the new porphyry - I think it's safe to call it a porphyry now rather than an anomaly. Then tell the story of the new porphyry..."We drilled hoping to find something and where amazed to find Sulphide alteration starting at XXXm, it continued and we hit every indicator...the geologists where...we will be doing x,y,z over the next xx weeks to explorer this fantastic new porphyry which we think might be bigger than bushranger".
Again, decide what single point he wants to get across. Introduce the point - evidence the point - explain the point and then say it again in conclusion.
There should be a strategy that involves interviews, articles, presentations.

If he wants to drop a bomb such as 500MT, plan a build up, say it will be released with a model by the geologists - make it a real time listen along - really big it up. But it was just dropped in a drill update.

It's his company and he will do what he likes, rightly so, these are just my thoughts as how the message can be gotten across better IMO. We've had 10-20 interviews now with Zak and the world either isn't listening or believing, as you say Steve it's complicated, so lets get the messages simple, out-there and evidenced.