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Andrew i nevwr had an idea you were invested here. I decided to join in as looks quite promising. Might make a few quid erlier than over the water down under
Ignore that Andrew. Thought i was looking at another investment
NtM
I'm not expecting this to be going over 2.5p anytime soon so you will have plenty of Fridays to get in with
"Wouldn't want to be out of this over the weekend! :)
I think we will need FB results to get this back over 2.5p and that wont be happening for circa 3 months.
I'd like to think we might get back there earlier than that, Andrew. But, you seem pretty accurate with your timelines, or rather Colin seems woefully inaccurate so you might be right.
Jokes aside, one thing in our favour is that this has the ability to move up sharpish on reasonable volume. We moved up from 2p to 8p on 200 (?) trades a day in less than a week in 2021. Slightly different scenario if we rise this time, in that the majority of shareholders are underwater, and I would wager mostly in the 3.5/4-6p zone. I.e. shares are in sticky hands, looking to recoup losses, rather than make a quick buck. Therefore, we could move up quickly as we go through the ranges from 1.5-2, then 2-3p, and onwards from there.
All of this is dependent on Colin giving us the news (possibly the hardest part of all this conjecture). All IMO. GLA and hope the weekend is pleasant.
p.s. Apologies NtM - will let you go ahead when people actually do need to be in this over the weekend ;)
i'm going to get ba+lsy here/now Andrew and offer that I feel there's a good chance we'll get a Fairbride progress update sometime in April and it will show solid to good progression month on month over recent months and while still a ways to go to get to where it can get to on a monthly run rate basis, people will be reasurred and a somewhat meaningful re rate will occur.. and that get us towards that 2.5p sometime in April ..
(I may be completely wrong of course.. but you've gotta have a view.. and that's my latest one )
imho & dyor
NtM
If you are right about the April update then you may be right about getting to 2.5p earlier. The reason why I said 3 months before 2.5 p, is because we were told in the 9 Jan RNS that....
"We anticipate that the financial results from Fair Bride, where we have a 23 per cent. net profit share will initially be reported semi-annually."
To me that implies another 3 months wait before next update??
I raised that question here then Andrew .. and noted then it could be interpreted six months from Oct 22 ( although you could equally/more so even be right, no doubt.. and I was livid then if he meant end June/early July... and ditto now.. I've defended him plenty before but that would be my biggest annoyance with him yet.. and I've had plenty of annoyance with him before )
CB has left it nice and vague for both views to be correct. I think on balance it means June / July but I accept that may be wrong.
For clarity I dont think this will be going over 2.5p until FB results have been released - be that April or in circa 3 months time.
When Colin has been vague it usually means the correct interpretation is the one that least suits the shareholders.
Anyone wondered why there is a NSR (Net Smelter Return) royalty to AA if the project is eventually sold onto a third party, considering the ore at BR is oxide. Higher grade sulphides are sold on and sent for smelter to be refined, whereas low grade oxides are processed by leaching and refined by electrolysis potentially on site, if there is a plant developed to do so.
The NSR is the net revenue from the sale less refining and transportation costs. The term is named so, due to the fact most of the time, mining output sold, requires further processing by smelters.
Low grade ores though, are not economic enough to be smeltered. But can be economic by leaching as uses far less energy, with capital costs being much less too.
Just passing the time
Where the pre-concentration study is at present, being half way there. Its success is influenced by various factors with the ‘most’ important first hurdle having being passed. This is basically how it is evaluated if is of interest. But it’s a difficult one to gauge how significant its effect will have on the economics.
Technically, ore sortability relies on the intrinsic ore properties which determine the potential of an ore to be sorted. Several other factors influence sortability, including the commodity price, operating cost, and the metal recovery. The metal recovery and the operating cost are relevant to the sorting performance and influence the metal mass balance which is the balance between the pay and waste rock at sorting. The sorting performance is a function of the ore quality and it’s properties to be diverse in content, and the sorter’s efficiency. While the mass balance of the sorter operation is significantly influenced by the cut-off grade of the sorter’s separating ability.
CB seems confident it will work as good as they are hoping. Early reports must be positive.
Hi Dani
Don’t let it get to you, opinions are just that. If they wont be dazzled with diamonds, baffle them with bull5hit.
>>One question i wonder why Colin didnt release valuation results prior to doing Preconcentration tests ?
Optimal Mining had identified that the economics of the Project could be improved by modern ore sorting technology, so the full Study will be completed based on the relevant test work that is being done.
Is normal practice, would be pointless and a waste of their time and Xtract money to have continued with the previous development options that will be in the full mining study where NPV and rate of return would be established, without the influence that the pre-concentration study will have on reducing the capital cost that is a key figure.
Hence the interim report just looked at various economic pit shells with only the op costs included.
Zap-a-Dee-doo-Da is having a merry blue day ;-)