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He said we are waiting for the market to turn.
Sounds like there is a plan.
Just have to wait a bit longer.
Colins saying September, October for things to turn.
I think it may take a bit longer than that but, when it does turn I think it will be a rapid rise.
Ah no, hang on. he does go on to it at the end a bit
Just Manica. Nothing at all on Oz.......
Not a word on Bushranger? - 7:20 in
Not a word on Bushranger?
Definitely meant to post the link…
https://embeds.audioboom.com/posts/8125717/embed/v4
..out on V O X
With the way the market is right now I was pleased and surprised that yesterday's appreciable rise was not sold into later in the day. I take that to mean that the sp has reached a bottom and that buyers now know that that this can only realistically go north. With two sources of African income, Africa alone supports the current sp and Australia is effectively in the bag for free.
Empress interview on Manica Production:
https://youtu.be/lVf_yJUTZw4
Thank you antsquasher, the wording honestly threw me, a wood for the trees moment, thought I was going mad, I did say ‘is it me’
Thanks naughtygordie I got it now
And thank you Ella who had already suggested confusing the original agreement but I still couldn’t see it. Think I might have gold fever
links not working properly.
https://www.google.com/maps/place/Manica,+Mozambique/@-18.8653543,32.7868846,2910m/data=!3m1!1e3!4m5!3m4!1s0x192c97db33d9d3a3:0xb693b17dbcb3a211!8m2!3d-18.9438274!4d32.8648538
hzap ,https://www.google.com/maps/place/Manica,+Mozambique/@-18.8653543,32.7868846,2910m/data=!3m1!1e3!4m5!3m4!1s0x192c97db33d9d3a3:0xb693b17dbcb3a211!8m2!3d-18.9438274!4d32.8648538 . this is the beginning of the cil plant being built adjacent to the already existing ball mill and gravity circuit .
Thank you for replying again Ella
I’m not implying that there is an impact either way, there is no hidden agenda, quite simply trying to understand the announcement regarding plants in production and in planning. That is simply how I read it.
Hi Howezap
I'm not quite sure where a you are going with this? Can you please expand on how any assumptions could have either a positive or a detrimental impact on XTR's revenue (or any other impact)?
Reading once again still not sure.
Maybe some basics first,
>>MMP and Xtract have entered into a collaboration and profit-share arrangement whereby MMP will build, finance and operate a carbon-in-leach (CIL) plant to process ore mined from Xtract’s concession.
MMP reported to Empress that it is mining and processing the oxide and transitional ore at Fair Bride and other deposits on the Concession at its 42,000 tonnes per month processing plant which utilises a CIL process.
Are they building the leech plant at fairbride?
Where is their 42k tpm plant?
Hi Howezap,
Are you confusing the original agreement with the current state?
Hey Ella, it’s probably more my misunderstanding of where the processing of oxides and transitional ores are happening.
MMP have a 42000 tpm plant already where its being processed, but also states they are building a plant.
Could you kindly explain.
Is it me? Lol
Hi Howezap,
Can you please expand on how
'The last para is contrary to what Empress state on production ‘now’. From their update today'
MMP reported to Empress that it is mining and processing the oxide and transitional ore at Fair Bride and ‘other deposits’ on the Concession at its 42,000 tonnes per month processing plant which utilises a CIL process.
What is and how is that deal structured for Xtract on processing of oxides from its other assets? Empress just confirm that the 4 deposits that make up the concession, being FB, boa, GF and Dots and that MMP and Xtract have entered into a collaboration and profit-share arrangement whereby MMP will build, finance and operate a carbon-in-leach (CIL) plant to process ore mined from Xtract’s concession.
The last para is contrary to what Empress state on production ‘now’. From their update today
https://empressroyalty.com/site/assets/files/6280/emprnr2022-07_manicafirstgoldpour.pdf
Am I reading it wrong or am I completely missing something?
Oxides and transitional ore are being processed now, off site from Fairbride? MMP are building ‘another’ Leech plant?
N2M
The difference might also be down to terminology. Xtr has a contractual minimum commercial tpa. This will be lower than the full commercial tpa that empress are refering to. Colin often quoted figures, which I believe, are the minimum contract figures.
Maybe another way of putting it is mmp might have agreed a min of 150tpd to colin in order to get the contact to mine. They will make this figure by the end of aug. However full commercial production is 250tpd which they hope to ramp upto by dec. Maybe?
@mattyashy - Andmilsy is our primary source of PR. Bird went through a phase of posting the odd Tweet a few months back but it didn't last long....
I'm not convinced it is the case with that comment from Empress but in the past they have referred to the quarters with reference to their financial year which ends in September (I think).
Never in doubt...
F100
Looks like another case of unrealistic CB timelines.