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Xtract Share Chat (XTR)



Share Price: 0.215Bid: 0.21Ask: 0.22Change: 0.00 (0.00%)No Movement on Xtract
Spread: 0.01Spread as %: 4.76%Open: 0.215High: 0.28Low: 0.205Yesterday’s Close: 0.215


Share Discussion for Xtract (XTR)


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Spacemen
Posts: 3,386
Answer
Opinion:No Opinion
Price:0.22
View Thread (2)
RE: Spaceman
Fri 22:31
back2basics

With what appears to be reinvestment going on in the Chepica copper / gold mine prospect not only with open pit mining but a large copper reef mentioned in the directorstalk interview with Jan Nelson , 18 : 3 ; 2015 . When it comes to profits per 1,000 tons you can look at it two ways net of re-investment or gross of re-investment . I prefer to look at the Chepica prospect as a break even development at present soon to be hugely profitable .

The more re-investment the bigger the profits at the end of the day alas traders don't usually understand what's driving the uptrend in a share price as was seen today when several bailed hopeful the share price would allow them back in at a cheaper price . I don't think that will happen same as on the 18th March with the MM's one step ahead collecting shares knowing they'll soon be able sell them to investors at a lot higher price .

On listening to today's you tube video Mr Jan Nelson has been researching South Africa for a couple months and only today we learn of this further good news . Hence profits per 1,000 ton of concentrate from the Chepica prospect are the last thing on my mind . I feel Xtract Resources driven by Jan Nelson and his experience in South Africa will be far bigger than any of us imagined but appreciate you posting your thoughts though .
 
back2basics
Posts: 328
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Price:0.22
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Spaceman
Fri 22:02
With break even at 5500 tons, we were expecting to mine 6500 tons

Does this mean per 1000 ton we are making 166,000 -250,000 profit per month?

This is how it comes across to me
Spacemen
Posts: 3,386
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Opinion:No Opinion
Price:0.22
View Thread (5)
RE: Profits of £500,000
Fri 20:30
Enter10

I listened to the you tube video posted earlier again , from 5 mins 20 secs Jan Nelson talks about Chepica copper / gold mine prospect and mentions the work being done on the major gold bearing reef on surface at the Salvadori prospect . Hence taking this work into consideration plus the fact the processing plant is undergoing ramping up I'd say US$500,000 profit is about right within the next three months . It might be 2 months or 1 month but that all depends on the cost of bringing the new discovery into processable ore status . It's intended to be an open pit mine.which will be quick to develop with low operating costs hence you may be right .
Enter10
Posts: 80
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Price:0.22
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RE: Profits of £500,000
Fri 20:03
Space, I think Jan meant 500,000 USD profit per month within the next three months from Chepica which would fit in more with previous forecasts.
Spacemen
Posts: 3,386
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Price:0.22
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RE: Profits of £500,000
Fri 19:08
positiveframe

click on the link provided by " jupiternmars " at 16:02 and read the report . I'll copy and paste relevant sentence to answer your question .

Nelson also discusses the progress at its Chilean copper/gold mine, Chepica, where he expects a profit of around US$500,000 ‘within the next three months’

P.S ......... Many thanks " jupiternmars " for pasting that link the video within it is excellent being very informative and highlighting Jan Nelsons experience of working in South Africa . Magic stuff to end a superb week on . Cheers ...... :-)
Enter10
Posts: 80
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Price:0.22
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RE: Profits of £500,000
Fri 19:06
The profit of 1 mill per annum from the tailings project sounds really low. I don't think that is correct.
positiveframe
Posts: 657
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Price:0.22
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Profits of £500,000
Fri 18:51
Mentioned on latest video. He also mentioned potential profits of 1 million per annum from the new tailings project. What period of time is the £500,000 likely to be over. And with the gold find can anyone hazard a guess as to future annual profit estimates in total, & the total asset values ?
scouser
Posts: 300
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Opinion:No Opinion
Price:0.22
miners took a hit XTR up 10%
Fri 17:26
Bad day for the FTSE, 100 points down! Mainly due to mining stocks. Anglo American fell 3.02% and Glencore dropped 3.05%. What a fantastic couple of weeks for XTR. Monday, Bring it on :-)
ChrisD1975
Posts: 2,013
Premium Chat Member
Off Topic
Opinion:Weak Buy
Price:0.22
Re: Bizarre Day
Fri 17:10
Agree biffbaffboff, Nice 10% up today, gradual rise would be great. Bought more this afternoon, accumulating at these levels because in a few months we will be well north of here. :)
biffbaffboff
Posts: 1,327
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Opinion:Buy
Price:0.22
View Thread (2)
RE: Bizarre day
Fri 17:05
We finished 10% up. Pleased with that myself, steady increase. This will rerate when everything we are waiting for is confirmed in RNS, otherwise, at the moment it's mostly targets. A lot of people have been burnt recently with the way AIM has become a way for CEO's to raise money by issuing equity left right and centre without actually providing any value. Jan Nelson appears to be different to me, as he has (positive) history. Good time to buy in IMO as you need to read between the lines, as spacemen pointed out earlier, JN mentioned break even already in video. The last few months loook to me like JN has been playing a blinder.





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