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Ahh 1% you must get many notifications.
It has actually !!
Has the price moved up?
>> Wow steve lol not invested but watching 24/7
Not really :) I noticed the price move up (one on a long watchlist) and popped on to see if anything was going on. I just happened to visit at an opportune moment.
I've mentioned Moly a few times in the past myself. At around $70k/ T one would think it has some relevance to the economic argument but CB has only ever mentioned it is passing, using it to help identify Ascot as a different system to RC.
Wow steve lol not invested but watching 24/7
I'm waiting for a string of buys and then the inevitable pumping from steve etc.
Maybe we will have a new expert arrive who knows it all.
No, not me :)
or Steve 4077 :)
CB: ?
12-Jan-23 10:32:15 1.78 1,000,000 Buy* 1.70 1.80 17.80k
It’s probably best for now to let ‘Actions speak more than words’
Everyone has done the maths with if buts and maybes factored it in. I’m pretty sure there’s talk in the background and plans being thrashed out hence the radio silence from CB so to speak. Any potential investors/partners would want to keep potential certainty under the radar whilst negotiating any form of deal. Likewise XTR need to be restrained from making claims/finds. There’s enough information released last year to let investors/partners to do their own research.
As for SP more is always better!!!
Around $8986.5 mt. Could it reach $10k this year and give the boost to help get the company sold?
Ref Ascot seem to remember up to 200ppm being mentioned in one podcast saying higher than at cadia
Sorry Racecourse and Ascot
Query, but the Bushranger resource and CuEq has not taken into account Molybedenum as I read it. Was there any indication of how much there is in Racecourse and Bushranger? Noting that price of this has doubled since Nov and sits I believe at around 70k dollar a tonne. Moly typically associated with Cu porphyries. Is there value also still to be attributed to this? DYOR.
Sadly I think there are a fair few that would take 6p and run.
They'd be far better off, or any company for that matter, putting an an offer that would have to go to SH vote. Who would say no to 6p ATM?!?
Majors buy success, at present there are only the resource statements to quantify contained copper and rock mass. The mining/financial study will show potential viability and recommend what’s required to maximise that potential from additional targeted drilling to open pitable areas that will follow. It will be ‘after’ this necessary phase that the project will go to pre feasibility that AA or any major is very likely they will want to see first before making any considerations.
"Have you ever thought or factored in the sp is lower now than June last year. So AA don’t need talk to us they can actually buy XTR outright."
In theory yes, but if they started to buy up shares in a hostile takeover the sp would start to rocket. They may end up with the 90% to force the sale but what would the sp be just before they reached that threshold !
If we just focus on RC near surface copper that's 192M x 0.33% so 0.63mt
just up the road at Newcrest cadia another mine had a PFS (November) and they used $7700 POC in their model . Using very conservative 1.5% inground value that works out at 6p valuation full diluted or 7p at current 856M issue.
Thats with very pessimistic POC and in ground value and ignoring all of FB and other Bushranger areas
I would think it highly likely that a major will want, at the very least, the RC mineralisation at near surface . I think it more likely we will be doing a very limited p3 infill drill campaign as guided by the financial model to give more definition to certain areas. I would be very surprised if CB did a full P3 campaign in new areas.
CB could not have been clearer in interviews that he would not be doing a full P3 - so that may be a good reason to think he will :)
If so then mid 2024 for the sale imho....but then again, POC maybe even higher then so maybe that would be sensible?
(PS I still think Newcrest will by the buyer due to big presence in the area with cadia being similar system)
Billy, yes, this point has been bought up before but I remember CB saying that major miners (interesting phrase) do not buy tiddlers. Not sure why. Seems like a good business plan but there you are.
Have you ever thought or factored in the sp is lower now than June last year. So AA don’t need talk to us they can actually buy XTR outright. Obviously clauses in past contracts may restrict such a move but nonetheless it can happen.
Times ticking for all concerned.
My personal view of the future here is based on the last RNS. We have around 0.75 MT of Cu at a grade of 0.33% plus 0.5 MT of lesser grades. There's Ascot which is open in most direction plus prospective Cu at a number of anomalies including Footrot which is yet to convince me that it has legs. Plus of course the African income. I think the business plan must surely show that BR is economic as the .33% grade material alone is worth almost $7 billion at current Cu prices.
This will go one of two directions. Either AA will think that under the existing economic environment that they want to have access to this resource or they will pass. The first option means the quick payback that so many of us are looking for. The second option means the resource is open to offers but I can't imagine Colin will leave it there. More likely he will start a phase 3 financed via Africa to expand Ascot and dip his toes into the untested anomalies. This route will take longer but is eventually more profitable.
Just my opinion/view.
"So what's on the horizon that's going to turn around the sentiment here?"
Not aware of any imminent news but if poc keeps climbing that may bring more buys is
Higher poc more chance the financial model will be economic.
A depressing slide no doubt. So what's on the horizon that's going to turn around the sentiment here?