The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Good one Andrew.
Do you think Colin is wearing x-ray specs or rose tinted glasses.
Saw Xray Specs in the seventies supporting Split Ends there's a link there.
Very conservative Jorc estimated by geologists, from phase1 5 million tonnes and from phase2 one billion tonnes of ore. At .4% its 6Mt cu.Eq. plus we have found better grade and gold and silver. Passive income from other projects is equally important.
Back to having to pay a premium on the Ask to buy shares this morning - bodes well for a decent increase today...
Doubt 6.. maybe 7
Lets hope we get 6p today. I thought Clin may retire soon but its obvious he loves what he does. He wont be going anywhere till this 10 bags.
Mr Alien
Agreed. It does appear that the GeoPhys softwear has given us out "X-ray specs"! How useful is that !
(Also one my favourite bands :) )
"Eureka alone could justify this market cap" wow! I am blown away. I now believe, we have found 6Mt - 1Bt cu. Eq.
This share deserves a stratospheric rise.
The commentary on slide 19 about chargerbility and the powerfully geophysical software the team are using would imply they already have a good indication of where to drill.
The quality of phase 2 assays appears to confirm accuracy of the modeling.
Looking forward to the next presentation.
Great talk from CB, the Q&A after must have been worth attending for.
One comment was intriguing,
“We are going to be talking soon about a couple of other projects”.
Interesting, just goes to show there’s ambition beyond racecourse and the potential for growth as the company evolves.
Will certainly take profits from a sale but could be a compelling case for continued or further investment down the line.
If racecourse isn’t enough to comprehend.
XTR forum [another]:
"all in eol: Anyone work out where we are right now if we had a JORC BASED ON CURRENT DRILLS."@19:50, Thurs, 21 Oct 2021.
Yup, that*s what "every one" wants to know like me.
I may have an idea but its always good to put it out to the forum for greater consensus etc but most of all to Mr Bird himself who reads these forums.
So, our geologists' conservative jorc of 1.5 billion tonnes of rock is equivalent to 6Mt cu.Eq. at .4%? That is a monster.
I looked at the Tandayama MRE more closely given it is potentially open pit.
With just 18 holes, they achieved an MRE of 223MT from recall.
They have already drilled 30 holes from what I understand.
I checked the presentation to see what their best holes look like.
So, from this, I can guage XTR*s Racecourse and how the Phase 1 - 21 holes should be able to produce a MRE. That*s what Dr Rohlach said in the past ie 18-23 holes is sufficient to produce an MRE.
So, it would be helpful to consider a potential MRE figure for Racecourse given there is a JORC + 21 holes drilled.??
Just discussing and gauging views etc.
Thur, 21 Oct 2021.
I should check Twitter a little more often, good to see the disciples spreading to word
On Twitter, I see the same type of conclusion, hence why I posted.
LoL
Hi news, the phase 1 + 2 CB was referring to was the mining phases.
https://xtractresources.com/wp-content/uploads/XTR-Presentation-14.10.2021.pdf
Page 22 shows the potential different phases of mine, you’ll see that neither SE or Footrot are on there.
I think the mining plan would be phase 1 is the high %’s and covers the capex (plus some profit) and phase 2 is the bonus with any deeper copper as the extra bonus.
I’m also not sure on the link back to prior slide 11 and the way CB talked around it, now you could add the slides / talk together and jump to the conclusion that 500mt (at a lower %) is already in the bag???
Probably reading waaayyy to much into it, I’ve got as many shares as I could, so just sitting back and waiting for it to be revealed.
Eer, isnt XTR Phase 1 Drilling at Racecourse FINISHED?
Last we heard was Hole 21?
So, there could be 500Mt or even at the lower 440Mt that AA wants?
Thur, 21 Oct 2021
I have been saying, market is sleeping for too long.
I liked the last word ' only Eureka could justify this market cap'. Thank you Mr. Colin.
I listened to it at under 40 mins: Mr Bird, XTR Chairman:
"WORLD CLASS
Big Un.
All of them are coming in, mineralised.
NW, SE...anomaly.
Ambition: 500Mt Phase 1, 1bt Phase 2.
Per Sq52 at 17:31 Thur, 21 Oct 2021:
"Just under 40 mins in when PHASE 1 WAS QUOTED AT 500MT
PHASE 2 - 1BT, thats BEFORE the SE EXPLORATION OR FOOTROT."
[Ref: New Colin Bird, Executive Chairman, XTR interview at https://youtu.be/iWwCu30natU thanks to HawaiifiveO today. Re: Racecourse, Lachlan Fold, NSW, Australia]
Thur, 21 Oct 2021.]
My biggest take was how wart s and all Coin tried to make it. He wasn't trying to gold plate it, I think he honestly feels he doesn't need to sell it to investors.
Another fantastic presentation, thank you to CB and his disciples - now spread the word.
Favourite bit was just under 40mins in when phase 1 was quoted at 500mt and phase 2 1bt, that’s before the SE exploration or Footrot.
Lots of nose itching on Eureka, not sure what to make on that, I’ll need to watch it all again.
Zak Mir Audioboom:
"We have been treated to two RNSs in two days from Xtract Resources (XTR), as the company continues is journey to the goal of 2m tonnes of contained copper. Xtract said that independent laboratory assays have been received from the third drill hole (BRDD-21-009) completed on the Phase 2 diamond drilling programme at the Racecourse Mineral Resource on the Bushranger copper-gold exploration project. Drill hole BRDD-21-009 returned a very wide intersection of 448m @ 0.30% CuEq from a depth of 272m. The company said that the results from drill hole BRDD-21-009 indicate that the mineralisation intersected in hole BRDD-21-007 increases in width at depth, while the higher-grade intervals correlate extremely well from hole BRDD-21-007 to hole BRDD-21-009, indicating good continuity of the higher-grade copper zones."
It was good to see the recording - I hadn't realised that there was so much that I missed on the evening ( or maybe forgot about?). A good performance by Colin - very candid and probably one or two things managed to slip out that he hadn't intended to share with the meeting - but that is bound to happen in a live situation.
I would say this is a 'must see' for anybody that is thinking about investing in XTR.
Direct link to evening with Colin Bird
https://youtu.be/iWwCu3DnatU