Member Info for Urbanracer

https://twitter.com/DavidBurton1971/status/1448272475435974662?s=20

Hi Nice,

TMS David Burton has just tweeted that seller is done as of today. Just waiting to see if documentary evidence in form of TR1 lands this afternoon.

For years this site has been a rarity in the LSE world.

I knew it was too good to last forever!

UR

Think you were possibly not heeding your own non rush advice there Egon!!

Excellent.

‘Patients in a virtue!!!’

Hi Nice…

Spot on.

License with PM; reckon Bernard had been hoping to have had final nod by today.

It could drop any minute mind.

Its 11:15 Bruce

Think Bernards having a last quick loosener!!

Bugerov,

Class indeed. Even better for me on the Nielson front are the 6 Johnny the Shoeshine Guy sketches in PS.

Class plus IMO.

I didn’t doubt that you would get it Lav; just seeing if old RB understood my humour.

He clearly didn’t get my Lepidopterist attempt.

And don’t call me surly.

(Doubt you will get that either)

In all honesty RB, I thought you were being ironic.

I cannot believe you are now coughing that it was a straight up question !! As that does appear to be the case….ask a stupid question and you will get etc etc.

Asian Gypsy Moth RB.

Awww come on nbul; your exciting one liners need a refreshing upgrade!

Bills phone should be red ‘ot by now Mads!!

Anyone know where Chris Cooper drinks….

Wonder if he would let me buy him a pint?

Continued

An additional but potentially POSITIVE complication is this:

On 8.1.19, the MRE was reported as 951,000 ounces. The same report also stated that there was an additional 441,000 ounces in the unclassified or exploration category. There was no mention of the unclassified material in the 2020 MRE however it seems to me that there is no way that ALL the 441,000 ounces could have been utilised in the denser drilling required to move 951,000 ounces to 1,015,000 ounces; a difference of 64,000 ounces.

As such, it seems likely that we do have considerable unclassified material ‘in the bank’, AND step out during this campaign must have added to the figure. In other words, we will have lost some, but gained some.

I appreciate there is a level of vagueness here, however I fancy it all adds to the excitement. Well, it does for me in any event!

So finally, based on the above, I believe that the 2021 MRE figures will be somewhere in the region of:

1,200,000 ounces Indicated.
326,000 ounces Inferred.

(For MRE of circa 1,526,000 ounces)

Plus:

500,000 ounces in the Unclassified or exploration category, for an all-in figure of 2,026,000 ounces.

AND REMEMBER: Bill Humphries was at pains, in interviews, to point out that the Unclassified material, albeit outside the MRE, was important and a figure that would be taken into account by interested third parties.

Additionally, don’t forget, Chris Cooper, the Landore Consultant Geologist, is convinced that the Bam style repeats in ‘pods’ from the Bam, through Felix and Boras, to Lamaune and beyond for 4 million ounces PLUS. Majors are looking for ‘just’ 2 million!!

And finally, Felix drilling commences mid October. Felix begins just 100 metres to the west of the B4-7 Nickel deposit so, if all goes according to plan, expect bi-metal results once the first drill assays appear in November or December.

Exciting times.

UR

The last week of September has arrived, so likely we will see the final results RNS from this years very lengthy campaign during the next few days.

Landore will then do their stuff and hopefully get the data over to Cube pronto so that they can finalise the updated Mineral Resource Estimate and Pre-Economic Assessment. (Due sometime Q4).

Our current resource is 45,686 metres of drilling for 1,015,000 ounces. This equates to 22.22 ounces of gold per metre of drilling; the so called ‘Bam Grade’. 747,000 is in the Indicated Category, whilst 268,000 is Inferred.

Landore have stated that they have completed an additional 23,000 metres of drilling. This is variously at 100m x 50m, 50m x 50m, or (x5) 25m x 50m. It is, therefore, impossible for the layman to accurately assess the likely figures for the 2021 MRE, however we can apply the following in estimating a rough figure.

23,000 x 22.22 = 511,060 + 1,015,000 = 1,526,000 ounces.

Continued

Hahahaha,

Keep the one liner cliches coming nbul.

Can’t beat ‘em!!