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Xtract Share Chat (XTR)



Share Price: 2.50Bid: 2.25Ask: 2.75Change: 0.00 (0.00%)No Movement on Xtract
Spread: 0.50Spread as %: 22.22%Open: 2.50High: 2.50Low: 2.25Yesterday’s Close: 2.50


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captainbob
Posts: 503
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.50
RE: ??
Today 14:31
800 tph is the contracted capacity, and as the RNS states these plant can run 24/7, I think they stop to scrape out the gold and debris from the sluices every couple of days. So based on 20 hours a day that suggests a capacity of 16,000 tons per day, we can hope for more, we shall see, these guys will want to put as much through as they can, that benefits them, and oddly enough will benefit us too.

The alluvial gravels are under the soil and non gold bearing overburden, all sits on top of the base rock, blasting is not necessary to mine alluvial gold, that is the whole point, though there are boulders in the gravels, but the contractors have diggers and lots of experience, they will do what needs to be done.

Have a nice Saturday everyone.
 
itsaduster
Posts: 6,934
Observation
Opinion:No Opinion
Price:2.50
??
Today 13:31
We shall see ...... cynical fart that I am
itsaduster
Posts: 6,934
Observation
Opinion:No Opinion
Price:2.50
Oh
Today 13:30
If we do get to the aspirational 16,000 per day then ............ call me Appy
itsaduster
Posts: 6,934
Observation
Opinion:No Opinion
Price:2.50
Gwynwin
Today 13:23
Chin up Dude !! Could be a fair to medium average OK kind of a Christmas.

Any talk of 200,000 T month would be ( I think ) for the whole Alluvial op. ie 6 to 7 thousand tons a day. True it would be going for it but IMHO it is achieveable ( viewing the ground from pics there doesn't seem to be many bolders so possibly no blasting required ) Also it would assume all licences to our hand so machines running at full bore.

We then have a few months to get some monthly figures in and they should jiggle us along. No Eldorado though ....... I am saying 10p max unless price of gold is needed to rise by the Chinese.

AIMHO and DYOR obviously Oh I don't have a reliable calculator so if I am wrong on calcs tough !!
captainbob
Posts: 503
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.50
RE: Calulat was up the creek
Today 12:09
Thanks Jdau for answering properly, ballpark minimum based on the RNS"s you quote would suggest 4m + income for 2018, which is a tidy starting point.

Have a good weekend all.
JDAU
Posts: 2,246
Observation
Opinion:No Opinion
Price:2.50
RE: Calulat was up the creek
Today 11:36
Let's look at the RNS's you're very loosely quoting and coming to a poor conclusion on shall we?

June 19th RNS:
"Experienced alluvial mining contractors (omnia), who are already operating in the Manica area, appointed to mine the western half of the alluvials in the Manica Concession"

"Initial mining to take place (subject to obtaining the environmental impact assessment) no later than 1 September 2017 with a minimum capacity of 220,000 tonnes per month to be achieved by 1 November 2017"

Reference: http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=dk3py3cw&ArticleHeadline=Manica_Alluvial_Mining_Contractor_Agreement

July 11th RNS:
"Established alluvial mining contractor (Sino minerals) appointed to mine the eastern half of the Company's alluvial interest in the Manica Concession"

"Initial mining to take place no later than 15 October 2017 with a minimum thoughput of 200 tonnes per hour and a further 200 tonnes per hour to be achieved by 15 January 2018"

Reference: http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=iegpq8ag&ArticleHeadline=Manica_Gold_Alluvial_Mining_Contractor_Agreement

Note how the 200k/T per month and the 200 T per hour production profiles are for different companies operating on separate parts of the alluvials (east and west).
A reader with any sense can clearly see they are separate production profiles/income streams because they are entirely different operations.

It's not that one of those figures is wrong, you are wrong- they are for different projects!
captainbob
Posts: 503
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.50
RE: Calulat was up the creek
Today 11:33
Both are aim8bg 400 tph as minimum rates at 24h production,
captainbob
Posts: 503
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.50
RE: Calulat was up the creek
Today 11:29
226000 tons month min
,$ 165,000 min western side contractor.
Eastern side $320 k by feb
Gwynwin
Posts: 253
Off Topic
Opinion:Hold
Price:2.50
Calulat was up the creek
Today 10:56
Just noticed one RNS 19June says 200 000 tons a month the next RNS 11July says 200 000 tons an Hour so one of them is wrong or way out I was thinking the share were going to be like Posidion through the roof so it is back to real world and cucumber sandwiches odd fish x chips, no steak mushrooms LOL
Possibility a poor Xmas again.
captainbob
Posts: 503
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.50
RE: RTN .....Pics
Fri 20:33
My feeling is that the, lets say less so relevent to our operation pictures, represent an overview of the fact that mining on a on a commercial scale is happening in and around Manica area, he has discussed pooling and sharing, and possibly contract miners to get tge hard rock out, (Noting Nexus MTI, will not be involved with that), so these pictures may actually be more relevant than it at first appears.

What it does show is that kit, yellow plant, people are in place putting his plan into action, the initial stages of commercial production on "our patch" have in fact begun.

43 square Km is a large area.

The drilling rig another clue, as we need eventually to prove up guy fawkes etc.




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