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You used gord as he played into your hands! and you ask for it to be put to bed ! That is an exercise in futility 😂 but ok consider forgotten
On subject of reducing CapEx it could also benefit all, at valuation where it would be based on NPV model. On a sale like this there would generally be a further discount to the acquirer of the cost to build the mine. Colin quoted is roughly round the 20% mark, so would surmise that discount would reflect lower plant and associated costs.
Are you kidding ?
This is just getting interesting !!
Lol !
Ma >>>Thought DTM meant they needed to fund 100% of capex as Colin said NO to JV.
A junior would never be able to get full project funding on this scale.
Worth remembering that the objective is to trigger the buy back, so as long as it shows there is a reasonable business case to be profitable beyond initial CapEx recovery. It may not necessarily have to show ‘wow’ desirability up to that point.
They may only need to achieve an outcome with the minimum necessary outlay and work to trigger and get a yes or no from AA to open the project up to the global market where further work can be tailored to improve desirability.
Sounds like a tinder date that ended badly ! 😬
Soz Ma the mind boggles
Good to see the copper price back on the move northwards:
https://www.ifcmarkets.com/en/market-data/commodities-prices/copper?_ga=2.111885252.1971373996.1668337472-132894802.1667921726&_gl=1*lm7u39*_ga*MTMyODk0ODAyLjE2Njc5MjE3MjY.*_ga_BHWDNT84P5*MTY2ODM2NjU0Mi4xNy4xLjE2NjgzNjY1NDIuMC4wLjA.
Based on the lack of updates from Bird I fear we have a long way to go before the dog, sorry Tier 1 asset, that is BR will be viable....
I think it was back in mid April Bird stated the concentration studies were near completion, obviously it will take time to compile but @9 weeks from that statement now I would assume it was not such a +ve result.
I assume we will get some +ve news out of Manica before the AGM - Income and what the next plans are in terms of extending the life of that mine.
Possibly news on Kakuyu, or whatever it's called - I recall int he same interview Bird started it was already producing a little but they wanted to get a plant in there?!
Ps, WINK .....;))))))))
"started posting on here for a reason i'd rather not disclose" ...... LMFAO
Dani... we've had our differences on here but I hope something can happen to make us both glad we have held and added.
Dani... when you say longtermer, when did you first invest in XTR ?
Bingo Dani
Xtract would potentially need to show a funding capability of their 20% interest one would assume. The buy back agreement is fairly simplistic and vague though.
If Bulk ore sorting is amenable and can have significant effect on increasing head grade to mill. Whereby lowering plant capacities requiring smaller plant reducing Cap outlay. It would attribute greatly toward lowering reliance on a 3rd party funding partner or reduce amount of getting a debt facility in place. ( not clued up on financing btw )
If any one has a better understanding please offer.
Dani... thanks for reply. Did the chairman's guidance contribute to your understanding at all ?
Dani you must have missed my question to you...
Where would you say the main source of knowledge regarding your XTR investment is ?
Timeline based on the fact that Colin stated AA would want to see hard numbers and that we will head toward a pre-feasibility study.
More logical reasoning to support what he said is highlighted in the Conceptual study RNS
>>Shareholders should note that the Conceptual Study is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorised as mineral reserves. The Conceptual Study is based on low-level technical and economic assessments and is insufficient to support estimation of Ore Reserves or to provide assurance of an economic development case at this stage, or to provide certainty that the conclusions of the Conceptual Study will be realised.
Further to this, is that at present there is only 50mt of the resource classified as indicated.
Only indicated and measured resources can be converted to mineral reserves that can only be used as inputs to support a PFS that will support funding.
Although CB has said that the funds do not need to be in place for AA, they want to see we are heading toward financing.
It may well be that a scoping study may come next after the awaited conceptual study but I believe the technical and geo inputs are similar.
Needed to be said,
So, at a guess 12-18 months from continuation of next exploration/optimisation phase.
4-6million gbp unless the project is dead in the water ( just for balance)
✋⚡️
Dani... where would you say the main source of knowledge regarding your XTR investment is ?
Cb was paid around £190k at xtr per the 21 accounts from my reading , inc a significant bonus - plus a lot of options ( hope my reading is correct , they are on xtr s website)
Obviously 22 accounts yet to be published nearly 6 months after year end
I think Dani needs a secretary with access to the XTR data room...............
It's a full time job answering her questions...
Not that I answer any.
"What's his salary here anyone know?"
Yes I do.
Too much :)
Anyone remember the character Bebe Glazer in Frasier ?
I'll just leave that here...............
Ma
Forget AA for now, $5 or $2.
Do you understand how resources are JORC classified?
This will help understand your ‘not joining up’ comment and infill drilling requirements to gain greater geological confidence required for upgrading resources.
Mega machines, bigger shovels, dual train delivery conveyors, bulk ore sorting, plus many many other plant and mining methods are all type of resource optimisation that will be looked at in more detail as the project matures and not be just the extra drilling to increase the resource. At the moment it is still in relatively early stages as racecourse is still not fully delineated. Maximising the resource is the first and foremost step and optimisation follows on along with infilling to increase the current 50mt that has been upgraded to indicated so far.
Improving on the economics will come from so many different aspects. But, because huge operations that BR has the potential to be, they are heavy front end loaded, although nowhere near as high a start up CapEx as an underground mine. Generally requiring something that will ultimately give them an economic kick start. Boda was considered an underground mine but more recent high grade breccia zone to surface is what will make start up viable with an open pit. Racecourse has the high grade part of the resource that the model is looking to be based on.
The awaited conceptual study is still just a snap shot of where we are at, let’s wait and see what economic assessment it shows and where further improvements will be made as the project advances toward a pre-feasibility study that is required to back up a financing plan that can show AA in accordance with DtM option.
CB is 80 in November
Clearly now lacking drive and enthusiasm, well for XTR anyway, past his best and time for him to retire imho.
We need a younger, more focused and dynamic CEO to take this forward now.
Very much looks like CB has followed BJs way & at same time fck. up many with his upbeat talk.
Enjoy
Forgot to mention the money would be returned after a sale of BR. whenever that happens.
Interesting post cyberiarchas and much appreciated.
CB watching, waiting and figuring for months on end around now is a valid strategy in my mind (in the current circumstances) ...Not least as there is progress being made and revenue being banked ongoingly via licenced Manica Operators (and coffers incrementally filling back up is very important here in 2023)
So the future strategy of Xtr including re Bushranger is perhaps currently still in - slow - train of being figured... and that potentially allows CB to meaningfully take on board shareholders feedback in this window too.. via upcoming AGM ....or via other channels too ...eg if a small action group of PI's posting here and holding say 1% + of this co. shares came together and asked CB for a call/meeting on strategy he might well accommodate.. and I guess he glances thru these boards still too .. and can hopefully figure how to use the filter on Ma Baker and more easily find good content posting like that one of yours ! )
PS; sure plenty of shareholders are - rightly- angry/downcast at the moment, but I hope the AGM Q&A's for eg are far more focused on xtr arriving at a good strategy going forward from here than tearing CB to shreds for past over bull ish/sh+ted ness
Sell the whole Co. for 5p/6p and if thats impossible at the moment CB should put in £30 million of his own cash in other words a 3p divi for everyone. I'm not joking either !
Look who's stalking now.
Look it up
Also look up the correct spelling of "porphrey" lol !
All you do is ask everybody questions !