Xtract Share Chat (XTR)

Re Eureka FCF a month

In this October interview CB discusses income from various projects.

From 51min 30 secs he talks about Eureka and says ....

'Could add another 300K' (Talking a month and in $)

So this supports my and James' believe that Eureka FCF should be circa $250K to $300K a month.

https://www.youtube.com/watch?v=AxxNbFw9Fbk

https://mobile.twitter.com/ShareTalkNews/status/1358136931280912384

DYOR

heading=headline

James

That makes sense.

I suspect CB is just giving the heading revenue figure out re Eureka and not stating the deductions (as stated by you) that need to be made against total revenue before we get our cut.

Thanks

ShareTalk Tweet:

"Colin Bird XTR its about the s i z e and the 2 h o l e s we*ve reported have certainly, magnitude wise, given a very strong indication of a VERY BIG SYSTEM.
We*re very excited and waiting for the GOLD RESULTS.
I know we*ve got a BIG SYSTEM.
Everyone inside XTR is very excited." -Colin Bird, Executive Chairman, XTR Bushranger, Sat 6 Feb 2021. [1 hr ago]

Sharetalk also posted a PICTURE of the CORE.

Link: https://twitter.com/ShareTalkNews/status/1358136931280912384

Hi Andrew

My notes are similar in terms of FCF, however I also noted down that Eureka was to be a 360k ton pa project. We are now 250k-300k, so it’s logical that the FCF would be a bit less (although I suspect copper price has offset)

Cheers

James

James

Looking at my notes from the TW interview in July 20, CB said that we should be getting $250K to $300K a month FCF from Eureka for 5 to 6 years from Mid 2021 . He has stated this monthly figure a few times in interviews.

I couldn't remember how our cut is calculated from the headline income figure, but $250K to $300K a month FCF has been mentioned before.

Because of course, it's a brand new investment and never been an investment consideration in the past. ;o)

_____________

RedThursdays
Posted in: XTR
Posts: 8
Price: 4.95
No Opinion
RE: How this isn’t above 10p
03 Feb 2021 12:08

This will be a lot higher than 10p soon.

RedThursdays
Posted in: XTR
Posts: 8
Price: 4.80
No Opinion
New RNS?
02 Feb 2021 15:14

What does the new RNS mean for us?

RedThursdays
Posted in: XTR
Posts: 8
Price: 4.70
Strong Buy
RE: Rig Breakdown
02 Feb 2021 11:30

I see that as a buying opp :)

Hi CE

Regarding your Eureka calculations, I understand that we won’t get spot copper but approx 60% and from memory this is a JV with KPZ as well (50:50 I think). Happy to be corrected on either of these points.

But assuming the above is correct I’ll expect revenue in the region of $12m - $18m, and FCF of $250k ( I am assuming the slightly smaller project from what CB previously mentioned is offset by higher prices).

Cheers

James

Upsetting for some (well, one) but back to topic …. :O)

From the interview, CB:

________

"it's about size and those two holes we've reported have certainly, magnitude wise, have given a very strong indication of a very big system"

"very similar to Boda and Ridgeway"

"we're very excited and waiting for the Gold results"

"I know we've got a big system"

"geophysical suggestion of other porphyrys"

"they're (porphyrys) in clusters, if one's good, they're all good"

"so having these wonderful results at Racecourse, we're fairly optimistic for the district play"

"everybody inside the company is very excited"

Likewise, CE ! :O)

I think the colour of his adrenalin is brown.

Hello Rollinginit,

Looks like somebody is starting to panic?

Done!

Another 'no-surprise' CE.

'Concerned' about 2012 .... but not interested or delighted with 2021.

Maybe, it's just a simple case of numerical dyslexia.

Ditto :-)

Agreed CE.

Already done. :o)

Agreed Rollinginit,

Only one thing to do IMO...

And quickly followed up by an alter ego ....totally agreeing with the faux negativity .... what a surprise.

Daz sounds like a 'fake news' peddler to me.

The faux 'naive and negative' approach.

_________

Daz
Posted in: HOC
Posts: 5
Price: 220.20
No Opinion

RE: CEY / HOC05 Oct 2020 18:27

I am not sure about CEY I felt they were over valued at £2.00. I bought these at £1.20 sold at £1.95. I feel that if you hold on a little longer I can see £1.20 again or slightly less. Movement on a mine is not good and with Cey only having 1 mine its far to risky to pay a premium, a good risk reward would be around £1.10-£1.20. See what happens this month. As for Hoc this is a good risk reward around the £2.20 as its lost 30 from highs and they still have the gold, topping up below £2.10 today was a great buy. The share should start to get a bid soon to around the £2.50 area then its worth revaluating. These are my thoughts.

Part 2:

Per RollinInIt with thanks @15:58, Sat, 6 Feb 2021 re: New Colin Bird, Executive Chairman Interview with Sharetalk just out:

"VERY SIMILAR TO BODA & RIDGEWAY.

GEOPHYSICAL SUGGESTION OF OTHER PORPHYRIES - If one*s GOOD, they*re ALL GOOD.

So, having these WONDERFUL RESULTS AT RACECOURSE, we *re fairly optimistic for the
D I S T R I C T PLAY .

Everyone inside the co is very excited."

Ref: RACECOURSE -BUSHRANGER, Lachlan Fold, NSW, Australia.

My View:
L o L, thank you Mr Bird. No need for me to REPEAT X times about:
BODA
RIDGEWAY
CADIA-RIDGEWAY
Lachlan Fold, NSW, Australia typical grades.
Lachlan Fold Transverse Zone where North Parkes, Cadia-Ridgeway & Bushrangers are located.
No need to repeat about "Ip, Magnetics, EM etc features indicate the potential for CLUSTERS at Bushranger to be SIMILAR to Cadia-Ridgway.
No need to talk about Racecourse & Ridgeway or BODA.
I got a proper scolding initially for talking about BODA even tho the XTR Bushranger website & Presentation said so.
Oh my, this is wonderful for me not to have to repeat anymore.
LoL.
Its Mr Colin Bird, Executive Chairman, XTR who is saying all these things about Racecourse-Bushranger himself - from the HORSE*S MOUTH.

News, Sat 6 Feb 2021 @6.25pm

Link: https://twitter.com/ShareTalkNews/status/1358072064750608385 , 2 hrs ago, Sat, 6 Feb 2021 at 5:55pm.

From what I could make out:
"Bushranger, Lachlan Fold, NSW, Australia under, XTR:

Feature attention, quite a lot of attention.
Some know a little, others know a lot of porphyries - SIZE , NOT GRADE.
INDICATION OF A VERY LARGE BIG SYSTEM.
XRF - Standard for Lachlan Fold, CADIA-RIDGEWAY & North Parkes.

Model 3 dimension-Digitalistion- Mineralisation types-Stock Grades.
DONT KNOW GOLD GRADES-ASSAYS.
PERFECT MODEL - 6 weeks.
GRADES- NOT PARTICULARLY WORRIED.
Significant drilling programme.

RACECOURSE - FOOTROT- WONDERFUL RESULTS
OPTIMISTIC ====D I S T R I C T P L A Y===
SIZE-doesnt move as fast.

News will come in. MATERIAL CHANGE-shall I buy, shall I not buy."

71Mt- SYSTEM BIG.
BIG-HOW MUCH ROCK?
Usually LOW GRADE BY DEFINITION.
Inside co- PROSPECT 2021 ."

"Copper production-Zambia."
"Manica-going well on ALL FRONTS."

My Observation:
XRF readings for Hole 2 expected? Gold assays from lab also awaited.
News will come in per material change at Bushranger.
As I posted yesterday, Fri, 5 Feb 2021 about Bushranger and its clusters etc from XTR Bushranger Presentation of Apr 2020 and write-up about Bushranger, Mr Bird himself now talks of:
-------------------"RACECOURSE - FOOTROT---------
==========Wonderful RESULTS=======
---------Optimistic D I S T R I C T P L A Y." [Colin Bird, Sat, 6 Feb 2021 Interview @Sharetalk]

I am not sure if Mr Bird mentioned any other prospect at Bushranger as I could ONLY hear about Racecourse & Footrot. HOWEVER, DISTRICT PLAY means the WHOLE OF BUSHRANGER?

News, Sat 6 Feb 2021. @6:10pm.
DYOR. Kindly listen and check.
XTR share price: 5.9p -Mkt Cap £45m mark approx.

Hello Daz,

Have a listen to the last two or three Share Talk interviews then read the 2020 presentation on the XTR website and then I am sure that there are many on this BB that will be only too happy to help with any questions that you may have.

ATB

I am new to explorers and not sure how xtr make their money. Surely it will cost millions and years to set up and build a mine, am I right in saying once they have stopped drilling will they sell it on to a big mining company. What if no one wants to build a mine? Sorry for being ignorant. Also I read bad reports about Colin Bird that he always raises money diluting the shares, what’s his track record. He does a lot of interviews always trying to sell the company. Seems like a salesman to me. Any info would be grateful.

Hope all those that are interested are enjoying the rugby today. Scotland is certainly the mouse that roared at the moment! - almost as exciting as CB's interview.
Reading between the lines it may be necessary for a 99 call or two on this board over the next few days, but as an interesting twist, in support of SA this time...
Have a good evening, all.

The Munsters ....

What is the collective noun for a group of monsters? He seemed determined that that's what we will have in time.
To think they started drilling mid December and 4 months later the company may be unrecognisable.
I bought on the first trading day of this year and cannot believe how good my timing seems to have been. I sold some at 8.5 and bought more on the way down at 5.5 and 4.75. I was going to take some more profit next week but I'm not sure I dare. ..The risk seems minimal - even if the copper and/or gold grades are disappointing ( and I don't think they will be) it's still huge.
..