Member Info for theiceberg

A few snipets
Firstly On the licnese there is an native Aust. Graveyard, also rare species of trees and rare animal habitats. This is all well documents on reports that have been submitted over the last 16 years.

However NONE of these are within the racecourse prospect, or any of the key prospects on the license. None of these are within an area that would be used for mining.

The forests around racecourse are designated under the 1916 Forestry Act. Again however, The Forests around racecourse, are plantation forests. Over 7 permits that I can find, have received permission to operate at Racecourse. There is a general principle of land swop wrt to this ACT and NSW. In that if we need 5sq km of plantation to be cut down, then land must be given and replanted to replace it. That would be easy for a simple plantation and would be far far less than 5sq km anyway. land in that area of NSW is incredibly cheap.
There is nothing that would prevent or discourage Racecourse from being progressed. This isn't my opinion but the opinion of the Environmental companies working for AA. I will try and post up a few pictures from the docs i have.

No I can say that much now. It’s crown land and was in favour of ALL AA activities.

A good question and whilst doing some research I've come across all of the AA documents...the permits, the drill locations, env impacts, etc.....it will take be a little while to go through nearly 200 pages...

The other thing is that many of Australia's big companies operate within say 100km or so...this mean overheads will be far lower, they can share mechanics, HR departments, IT, parts are easy to get and out sourced skills will already be in place.
It's probably too far to ship for processing but if say oz minerals, has an existing asset 80km away, they want to upgrade the facilities and so they could easily bring down any used Separation equipment, crushing equipment, and general earth movers. Instead of putting them in storage of transferring them 3000 km away to a different site.
There must be 2 or 3 companies that could have economies of scale with us. Whatever A A do...

I've used sentinel sat data which passes roughly once a week to try and determine the location of hole 5.
I tentatively think it's here http://icebergshares.blogspot.com/2021/03/xtract-hole-5.html?m=1
Sorry for using my blog but it's a useful place for pictures, which lse don't allow.

Rem winding - reminding.

Thank you for rem winding me about this...I remember looking at just before I invested for my DD. But with the obvious bigger size of the asset now it's more intriguing.
The 150m in length workings to the East is interesting, it includes a settling pond and looks to be worked from a 10m or so small cliff to the east.
So gold....at surface...
I wonder if our geos have investigated that area as a top outcrop of a good rich\richer intrusion alteration?

I wasn't in favour of a second rig, but I would be happy to have a placing at 7p to raise 3-4m to put a few holes 500m or so to the East and south, then foot before finishing with some infill drilling....

Indeed a no lose situation.
No gold, ok
Little gold, not bad at all
Moderate gold, very good indeed
Decent gold, amazing
Very good gold, incredible mind blowing !
:)
The beauty is we don’t know so it’s kind of like Schrödinger's cat - it can be both full and empty of gold at the same time.

It would be nice :)

I am ultra conservative so .2-.4 cu eq is good enough for me. I.e just the copper.
Personally I don't buy the reduced copper scenario, I know that puts me against the geo statement but...

That aside, like most we can dream, maybe a gold core from a separate early intrusion with grades pushing 3-4g\t. :)

A detailed explanation might be a phase 1 fluid flow, with high temperature quick cooling allowing the chemical change to pyrrhotite. However later phases , lower temp, slower cooling are the ones laying down the copper elements.
But.
Was their gold in the first phase? Where did the gold go? Did the second phase completely over print the first or is there an intact gold bearing intrusion splinter?

It will be fun to see!

A good quiet day to end the week on. Consolidation, no rubbish trades, lots of strength for next week!
Couldn't wish for more tbh, better than a day of climbing up to 9p, then falling again.

Minor mineralisation from 140-380m.
Outer Alteration zone 380m - 500m.
Inner Alteration zone 500m - 900m. - with a very high grade core at about 650-850m.
outer alteration zone again 900m -1200m

Around 500m should be the switch to the inner(Phyllic) alteration zone, so maybe an RNS then?

Ella, who ever it was, is almost certainly a share flipper from the placing.
They have just made half a million and probably couldn't careless what xtrs potential is. They might even need the money before the end of the tax year...just my opinion but I doubt it's being invested in any aim shares.

Warrants issued with the 30th of September fundraise...
A shame, but the last 2 days has seen nearly 2m on the ask in dma auctions as they are offloaded, imo They have already been offloaded...
It's probably shows why its not a great idea to fixate on the sp. It's the trend that's important.

One of the reasons why Colin is playing his cards closer to his chest?
A A will be number crunching and gaining a very early advantage - I wouldn't blame him if he wAnted the share price higher before then

You cant, it's property of AA. The JORC will be stored as a legal document,but the actual drilling isn't known unless it's deemed of mining importance, a few holes are lodged with the authorities but that's it.
Aussies can be very protective of the drilling they do. Xtr could probably buy the info but it would be a few million.
I've known a few companies buy old drill and exploration data in the form of a database (excel spreadsheet).

Thankfully for those that wanted the really cheap shares, the placing and spike brought enough liquidity to allow folks to get in really cheaply.
Liquid dries up and the share slowly rises back to its level, then more sharply the tighter it becomes.

Placing s are often criticized - rightly so, but occasionally you can make good money from them. Not taking part, but in the aftermath

God, that's an annoying word! :)

However, we have close to 2300m of assays already that need to be done, as we have hit so much that contains mineralisation in the first 3 holes. Throw in holes that will be 1000-1200m of drilling, and we have monsters that will need to be uncovered.
As tempting as it is look at the share price, which will undoubtedly go up - something I do and will do; so I admit pot kettle black here.
We can sit back and have the fun of watching it unfold, as the profit steadily increases...It doesn't happen very often in share trading with this kind of confidence, Enjoy it!

There is no chance imo, of a model this month. Even April imo.

But that's because I think it's bigger and more complicated :)

Utterly agree !!!

Teip, its.not up to people to upload things just because you dare then to, do your research.
They do exist and I have my own private one (best guess), which I've not published yet.
Figure out yourself where hole 5 will intersect the known prophecy intrusion.