Member Info for Urbanracer

Bamps,

Looking at water / mist suppression systems. Jeeeesus. Massive project in itself irrespective of desert location and weight addition to burden.

Train (road or rail) it is then!

Good point Bamps,

I had overlooked the poison aspect. I was also thinking that all procedures would be conducted at Telfer thereby removing the need for any pre-processing at Hav (or elsewhere!).

Transitman,

I still see overland conveyors as an option.

They are becoming cheaper as the technology (and reliability) improves. The longest currently in use is 62 miles in length and 18 mph run speeds are possible. (Spreader conveyors are running at 35 mph in Germany).

Finally, ( and happily) if Swag proves to be a goer, conveyor spurs can be added to main run as required. 24 hours a day constant speed.

UR

Flippin’ eck Mushroom. I am trying to remain calm about Scally. As a veteran of EG days, I am wise to the potential of a ‘just missed’ scenario. If anyone (in the unlikely event of disappointment) ever says ‘Scally fiasco’ as the idiots started to do after that very close run thing, then I will hunt ‘em down.

Meanwhile though, sense must prevail, and my optimism does say to me ‘UR all is well’ and Scally will prove to be jolly good.

We could really do with GH doing a Bunk. This will only mean anything to anyone who immersed themselves in ‘The Wire’ a few years ago.

McNulty has invented a serial killer to put pressure on the city (Mayor) to move funding from the schools to the cops in order to facilitate an ongoing illegal wiretap into Marlo Stanfield. Bunk is aghast at what McNulty is doing but eventually even he gives in and borrows a signature from McNulty that will allow him to fast track a lab analysis that does, in fact, pay dividends and confirms that Chris Partlow, a lieutenant of Marlo, is responsible for the murder of Bugs father.

The point of these ramblings. We could do with CB doing a McNulty allowing GH to push for a fast track analysis so that we can finally learn exactly what the Scally potential is. I know we have Hav (sorry!) in the bag so to speak, but I am not heeding Buffets words and am, in fact, becoming one of the impatient.

Cheers.

Haha. Ooooo ta!

UR

Hey Phoebus,

What were your views on my response to your 27 Oct post re Lnd going it alone?

Irony lost on you Phoebus. It was a bit of fun with UKInv re a rushed post with typos, not a comment on content.

Hi UKInv,

It is but difficult to gauge if the past few days have been Lnd specific or more likely linked to global events. Just hope the upcoming results are reflective of true potential here.
UR

Wise words UKinvestor 2.0!?

4 November 2020

Wishbone Gold Plc

("Wishbone" or the "Company")

Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN



GOLD TARGETS IDENTIFIED - HAVIERON / TELFER PROJECT

Wishbone Gold Plc (AIM: WSBN), the London listed precious metals trading and exploration company, advises that it's independent geological consultants in Australia, Terra Search Pty Ltd ("Terra Search"), have identified four magnetic targets of considerable size covering 2.4km by 400m on its Patersons Range Project in the Havieron and Telfer region of Western Australia. Significantly, these targets are much shallower than the Havieron discovery, with the top of the magnetic targets ranging from 150m to 250m below surface.

WSBN up 32 per cent already

Lazy,

It was. Great place in late seventies and eighties. Bit overrated now. Always a great sight when coming down from the Aonach Eagach in mid winter.

Happy days.

....or Scotty Dog as it was known in the Clachaig by 10.30 pm. :-))

Mads,

No doubt at all that BH is indeed Lnd with a highly able exploration team around him.

Intriguing times and end game very possibly in sight.

UR

Haha I probably would Mads. It’s a fair old game this Aim game and being in Lnd has been, er, interesting!

I have to say I agree with you about the end game; everything does seem to be gearing up for that and in fairness you have been predicting that for some time. I was all about a JV for ages as you know but am now sat squarely in your camp.

I have a fair old amount of these (for me anyway) and want my patience rewarded as no doubt do our other LTH friends on here.

I am pretty certain that all are very content as Madame’s! Upbeat in fact!

Evening Mads,

Yeah I reckon Sprott will be well aware of strategy as pretty much (except for detail) already in public domain. Tbf though Mads I personally would be very disappointed with a quid or around 5p in old. Gold and Nickel futures looking bright and I firmly believe that a sale based on 2.2 million ounces in proven and potential is a hell of a deal for a buyer when there seems little doubt that JL is likely to exceed 3 million at the very least( assuming 2020 results turn out as expected).

I will hold at a predicted £1.80 and reserve the right to review that upwards dependant on those deep drills.

UR

For me) soon.

In conclusion a positive 2020 campaign will show.....

1.4 million ounces inferred and indicated. (1.1 plus .3 after 2020 infill drilling)
1 million ounces in real potential (2.4 million ounces confirmed and real potential).
Proven further gold already at Lamaune (West of Bam and 40,000 ounces) and 3 finds at Toronto Lake (East of Bam).
31 km largely unexplored gold bearing Greenstone Belt.

UR

Afternoon Phoebus,

First of all let me say that ordinarily I would agree with you completely. Obviously a ‘but’ is now going to follow but please hear me out.

Lnd as I am sure you know is also a Nickel play, and, in fact, (apart from a couple of Au sniffs at Lamaune and Toronto Lake was pretty much purely Nickel.) The (now called) BAM was discovered in 2016.

Since then, the company have carried out a number of fund raisings sufficient to grow the gold resource to a smidge over 1mn in the indicated and inferred categories. 4 years that has taken. The simple fact is that Lnd have continued to go it alone and are simply not in the world where they can conduct multi aero mag surveys and multi drill responses to the results of such surveys which would allow the proving up of a multi million ounce resource is a reasonable (in mining terms) timeframe.

Now we know that there have been several interested parties on the ground during the past 4 years. Richard Prickett confirmed that in ProActive interviews on at least two occasions. I have no doubt whatsoever that such party or parties are still all over Lnd results. The thing though, is this.

The 2020 campaign is looking at infill to build to circa 1.4 mn ounces au. The campaign is also looking to expand the BAM to east and west based on the results of last years SUPERB soil sampling results aided by the results of what this years groundwork shows (currently awaited as you know) and also 2 deep drills.

The simple fact is that Lnd alone cannot build this into a multi million ounce resource. That it is however just that they HAVE NO DOUBT. (Soz for caps will stop that now). And nor do I. It’s just that they recognise for a whole host of reasons that time is not on their side. Even with two drills they expect to ‘only’ reach 1.4 this year or early next. It would take years and years to prove up the multi million ounce resource of which you speak. That is why they have adopted the strategy of completing exploration drilling at depth and 2000 metres either side of BAM to show ( in their words) the REAL potential of Junior Lake as a multi million ounce gold resource.

It is clear, in my opinion, that we are are past the point, not only of further ‘go it alone’ , but even of some kind of Farm -in or other JV.

I think they want to sell. I honestly believe there is a buyer in the wings. I think Lnd have to achieve the stated objectives of the 2020 campaign (ie prove up the 1.4 and REAL potential for multi ounce resource and the deal will be done.

I honestly believe this is in the best interests of shareholders and I would be looking for 9 p in old money (£1.80 now) as a fair price for both Lnd shareholders and the new owner.

Appreciate others will have differing views but remember that the architect of all this is now getting older and I reckon will be looking for a well earned rest. I think BH and the team have done brilliantly. Let’s hope we all get some reward (10 years here fo

MFU,

Huge amounts of close spaced drilling (defined by the Competent Person under JORC rules).

In my opinion...

Hav will be 15 plus however initial resource in inferred and indicated cats will be 3-5 million. GH definitely trying to manage expectations.

UR

Soz SAN, I am just bored silly today.

Cheers. UR

My pet alligator is called Zink.