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 .
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 .
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 ...... :-)
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 Â£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 ?
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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