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OZL, OZ MINERALS LIMITED
blacksheep
post Posted: Dec 7 2018, 09:21 PM
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In Reply To: nipper's post @ Dec 7 2018, 09:02 PM

That's why I reckon my dart throwing expertise is as good as any - much quicker result too biggrin.gif



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Dec 7 2018, 09:02 PM
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In Reply To: blacksheep's post @ Dec 7 2018, 07:50 PM

success is akin to finding a needle in a haystack.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Dec 7 2018, 07:50 PM
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Novel approach. I'm good at throwing darts at charts - maybe I'll apply biggrin.gif

OZ Minerals, Unearthed to crowdsource drill target for Prominent Hill mine
QUOTE

Peter MilneThe West Australian
One million dollars is on offer for those who best help OZ Minerals decide where to drill next year near its Prominent Hill copper-gold mine.

OZ Minerals chief executive Andrew Cole said the company wanted to crowdsource solutions from the world’s leading data scientists and geologists.

"This gives us potential access to thousands of scientists’ ideas and data, compared to our relatively small team of in-house geologists – a different and diverse perspective to interpret our exploration data,” he said.

The Adelaide-based miner and Perth’s resources technology promoter Unearthed will launch the 10-week race in February.

Participants will pore through 5,000 gigabytes of data to locate the most likely areas of economic mineralisation over a 4,200 square kilometre area in South Australia.

Contestants must present their findings, and the winners will share a $1million prize pool.

The top targets identified in the competition will be drilled by OZ next year.

Unearthed director Justin Strharsky said mineral exploration was difficult, and economic mineral deposits are rare.

"During the exploration process, the iterative process of collecting different datasets, followed by geological interpretation, can take a very long time,” he said.

"The Explorer Challenge will speed up the exploration lifecycle and allow us to analyse information at a much faster rate than before.”

Mr Strharsky said companies needed to use people with different skills and perspectives from around the world.

“If your approach to digital skills is to hire people who happen to live near your HQ on the basis of a CV or a degree from a school you recognise, you’re doing it wrong," he said.

https://thewest.com.au/business/mining/oz-m...-ng-b881043565z



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 28 2018, 09:55 AM
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In Reply To: blacksheep's post @ Nov 27 2018, 06:46 PM

Argonaut soars on nearology
QUOTE
Today’s news sent nearby copper explorer Argonaut Resources (ASX: ARE) soaring with the company attracting a speeding ticket from the ASX after its share price sky-rocketed more than 30% during trade from $0.018 to a high of $0.024.

Commenting on BHP’s find, Argonaut chief executive officer Lindsay Owler said it was a “spectacular discovery” and could possibly rival BHP’s own Olympic Dam mine if the size and processing economics were right.

He said the 180m at 6% copper was one of the “longest highest-grade hits” the copper industry has seen in a long time.

“The hole ended in mineralisation so who knows how long that total intercept of 425.7m could actually turn out to be.”

IOCG’s geophysical signatures
Mr Owler is particularly interested in the geophysical signature of BHP’s discovery, which he said has similarities to Argonaut’s own anomalies within its Torrens copper project about 40km away.

“With these South Australian-style iron-oxide, copper, gold (IOCG) orebodies, they all start off having the iron component being magnetite, which has a strong magnetic signal and is also dense,” he explained.

“Then, in the alteration process, which brings in the copper mineralisation that magnetitic iron is converted to haematitic iron and the copper comes in.”

“Hematite is an iron mineral that’s entirely nonmagnetic, but it’s still dense. So, in searching for IOCGs, you are looking for areas that were previously magnetic and have been converted into density-only or gravity-only anomalies,” Mr Owler noted.

He added they were often in proximity to magnetitic bodies.

Mr Owler pointed out that Argonaut’s Murdie and West Lake Torrens prospects, within the Torrens project, were of particular interest because they possess the “exactly the same flavour” in geophysical signatures as BHP’s discovery.

Olympic province explorers
Aeris Resources (ASX: AIS) owns a 70% interest in the Torrens project, with Argonaut’s holding the other 30%.

Torrens is about 75km from Olympic Dam. Previous drilling at the project returned 246m at 0.1% copper.

In 2019, the joint venture plans to carry out drilling over the next two years.

Aeris also rocketed on news of BHP’s discovery ending the day at $0.16 – up almost 27%.

In addition to BHP, Argonaut and Aeris, the Olympic province is home to other IOCG explorers including OZ Minerals’ (ASX: OZL), which owns the Prominent Hill mine and the advanced and Carrapateena project, which is under construction.

Rex Minerals (ASX: RXM) is progressing the Hillside project where an extended feasibility study and a Chinese feasibility study are nearing completion.

Once the copper market improves and the studies have been completed, Rex is looking to finance and develop the project.

Red Metal (ASX: RDM) has the Punt Hill and Pernatty Lagoon joint venture with OZ Minerals. A maiden 6,000m drilling campaign is underway to test six targets.

Not to be left behind, Cohiba Minerals (ASX: CHK) has begun reviewing its Pernatty and Peninsular projects in the province after Red Metal and OZ Minerals kicked-off drilling at adjacent tenements.

Cohiba said it has been encouraged by preliminary geochemcial sampling results.

Meanwhile, BHP’s own Olympic Dam mine in the area is known as one of the world’s largest multi-mineral deposits and is projected to produce around 180,000t of copper in the 2019 financial year.

https://smallcaps.com.au/bhp-rio-tinto-majo...ar-olympic-dam/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 27 2018, 06:46 PM
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EL5941 has several parts, but the project area on which the drilling results is based is shown on page 4. This area is adjoining OZL's EL 5797 and 5729. https://www.asx.com.au/asxpdf/20181127/pdf/...nhy97knh83z.pdf

Another company operating nearby is Red Tiger Resources Limited, a wholly owned subsidiary of White Tiger Resources Limited - who seem not to be ASX listed - they are owners of EL 5372 which runs along the bottom and western side of BHP's. Earlier this month Red Tiger announced a jv farm in agreement with BHP to explore this tenement - Intercept Hill. http://www.whitetigerresources.com.au/index.php/easyblog

Other ASX listed companies in the "nearology" zone are also benefiting

BHP copper exploration program update
QUOTE
BHP today confirmed identification of a potential new iron oxide, copper, gold (IOCG)
mineralised system, located 65 kilometres to the south east of BHP’s operations at
Olympic Dam in South Australia.

As part of BHP’s ongoing copper exploration program, four diamond drill holes,
totalling 5346 metres, intersected copper, gold, uranium and silver mineralisation of
IOCG style on BHP’s exploration licence 5941.


Laboratory assay results show downhole mineralisation intercepts ranging from 0.5
per cent to six per cent copper with associated gold, uranium and silver metals. The
results are shown in the table below.

This exploration project is at an early stage and there is currently insufficient
geological information to assess the size, quality and continuity of the mineralised
intersections. BHP is evaluating and interpreting the results reported and planning a
further drilling program, to commence in early 2019
.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 9 2018, 01:15 PM
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A Glencore subsidiary is the 12th biggest shareholder os OZL with 0.57% so they don't need to disclose when they decrease or increase (as long as it's below the 5%)

Glencore's Glasenberg coy on OZ Minerals stake
QUOTE
Mr Glasenberg was coy when asked whether Glencore would quickly liquidate, or retain, the OZ stake that was inherited in the Avanco takeover.


https://www.afr.com/business/mining/glencor...20180808-h13q3g

https://www.shortman.com.au/stock?q=ozl



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Aug 1 2018, 03:49 PM
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In Reply To: blacksheep's post @ Nov 9 2017, 07:24 PM

OZ Minerals stock is ‘strongly undervalued’. - so says Stephane Andre from Alphinity Investment Management
https://www.livewiremarkets.com/wires/a-str...ed-midcap-miner

Shorters may not agree - https://www.shortman.com.au/stock?q=ozl

As always, DYOR
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
bg99
post Posted: Mar 28 2018, 07:07 AM
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In Reply To: blacksheep's post @ Nov 9 2017, 07:24 PM

OZL must really like AVB to offer such a good premium to the sp....... a fund manager on "The Business" last night said he thought it was a good deal for OZL, despite increasing their risk profile (being in Brazil)


Said 'Thanks' for this post: blacksheep  
 
blacksheep
post Posted: Nov 9 2017, 07:24 PM
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In Reply To: blacksheep's post @ Nov 3 2017, 01:30 PM

Fundamentals for copper still appear positive, http://www.mining.com/web/copper-traders-m...s-future-metal/
SP currently $8.72
Short positions as at 3 November 2017 2.19%
FWIW, a recent upgrade by Credit Suisse
QUOTE
Credit Suisse has upped its outlook on copper prices as the market continues to strengthen.

It now forecasts copper to average US$2.65/lb in 2018, up from a prior forecast of US$2.05/lb.

Copper prices have firmed from $3.09 per pound to $3.15 over the past few trading sessions.

Prices have risen by around 50% over the past year against a strengthening global economic outlook as well as expectations that copper will see rising demand from electric cars.

On the supply side, long-term geological scarcity is also a bullish factor for prices.

Credit Suisse named Australian miners OZ Minerals and Sandfire Resources as some of the likely beneficiaries of copper`s buoyancy, raising its price target on the two miners.

Read more: Credit Suisse raises copper price target | Capital.com

https://capital.com/credit-suisse-raises-copper-price-target

https://www.shortman.com.au/stock?q=ozl
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: mongoose  
 
blacksheep
post Posted: Nov 3 2017, 01:30 PM
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In Reply To: blacksheep's post @ Sep 9 2017, 02:40 PM

QUOTE
According to rhetoric at LME Week, Barclays said copper remained “the industry’s favourite base metal”, with the soundest long-term fundamentals.

http://www.mining-journal.com/commodities/...t-fully-healed/

OZL SP starting to edge higher - currently up 2.44% @ $8.40/share
Short positions @ 30 October 2017 - 1.92%
https://www.shortman.com.au/stock?q=ozl
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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