Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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As someone else said we need intelligent conversations on this board. Even if one doesn't always agrees with every post it makes you think. The recent drivel is just irritating.
I have 17 green lines of which is annoying, but better then having the crap that has been posted in sight.
Can we possibly stop feeding the trolls please. It's clogging up the board with utterly mundane and pointless gibberish. It adds nothing to this board and causes visitors to think it's a bit of a mad house.
There is a lot going on here and lots in the pipeline. Some might say imminent...
Rubbish
Not Jezzoo in disguise, I'm here.
MODERATOR !!!
Stilton per sempra ! lol
ADMIN PLEASE !!
MODERATOR !!
WINK
Hey Shirley, you are barking up the wrong tree in the woods I’m afraid where this GUY is concerned.
Was referring to post before that one @18.50 although both are relevant
For in ground value yes, but it’s not revenue, its about right as a rough guide, it does just takes into account the approx 10% loss of concentrate from processing.
Example-0.1MtCuEq = 100kt x $10k copper price =$1.B
It is reasonable to assume a very positive NPV will come from copper at $10k per US short ton ($5/lb)
Copper spot price somewhere between $8k -$9k is a more realistic target price though we can hope ‘eventual’ economic modelling can show a desirable NPV on a discounted cash flow basis.
Is Ma or if you dare say Da. Could be Little red riding hood next. Didn’t she grow up in the woods too?
IWTO was one of the closest in the guesstimates of RC resource, good math with a grasp of what drives resource economics and was vociferous in defending RC resource against steve4077 claims with sound reasoning imo.
iWantThatOne post RE: Blocked on Telegram
28 Nov 2022 18:50
If you missed it
The extra $1B revenue from ascot once discounted will give an NPV…… ;-)(
A repost by iWantThatOne from 26 Nov 2022 09:13 who btw is, in my opinion one of the stand out contributors for his knowledge and quality of posting on this board.
>>>We know from earlier modelling that RC pays back the initial capex and produces >$200m NPV at $5/lb. That was based on the original JORC’d resource. We now know that the high grade crown contains more copper-equivalent material than that, at least another 0.1Mt worth >$1bn revenue - again at $5/lb. That’s before you consider the remaining low grade 0.5Mt that would be mined from year 11 onwards. So, very clearly, BR will produce a positive NPV at $5/lb - possibly a very attractive one. The question is then, what about at lower prices? And will the economics be sufficient to attract a buyer? <<<
Since then, the Ascot shallow high grade of 34mt @.33%CuEq can be added to immediately increase NPV by a further $1B which is another 0.1Mt net roughly after recoveries. It has been confirmed that then further drilling will be directed from the updated conceptual study due, to further improve those economics and to add more value as the company take the project toward an eventual PFS to take the project to market. So for now, it does seem clear that this due study is just a snap shot of its current economic state and the targeted drilling will no doubt further improve NPV and with the potential to be economical at a lower copper sale price. CB does appear positive to be able to include the early high grade from Ascot to the model.
Any other factors to consider?
No just waiting on AA decision this month maybe.
I wonder if VulcanBob attended the AGM. Perhaps using one of his other names?
Colin’s got nothing to worry about in every barrel is a possible bad one needs treatment or thrown out all will be revealed later.
It’s no secret Dani, if you behave they will let you stay. But ok, ma it is. Btw you are wrong about Ella they are meant to be Colin Bird, which then would make you Colin Bird! But, you both cannot be as…….I am Colin Bird
Don’t believe that was the question LW. Costs have been absorbed already toward Kalengwa so no.
CB really does need to keep his emotions in check and not let himself get carried away. Do agree in that respect LW
"Lets get to nitty gritty is this kalengwa debacle likely to damage XtR robust balance sheet? If not then for me there is no issue."
Its an issue because it directly affects the credibility Colin (and hence XTR) has with the market. That directly affects the SP as we have seen. Its a big issue as the markets's verdict is probably "why should we believe him this time ?"
Ma i thought you were Russian girl. Call it a feeling but for some reason it crossed my mind. Maybe the way you post has a resemblance about it
Hi all. Quick drive by as I couldn't resist the below.
"I personally did not read what he wrote"
" all you lot got sucked in to his phoney analysis."
Everyone who read the analysis and agreed has sold up and left. Anyone who didn't agree held on to their shares and stayed. As you didn't read it, your assessment of the analysis must be based entirely on the people who stayed. Sound logic!
"Yep Steve4077 analysis on the Jorc announcement had a horrendous effect for those that sold their holding in XTR"
Yes, terrible. All those people who sold at 2.5p could now buy back in at 1.8p (if they wanted to).
Just as an aside, were you aware you can invest in ETFs that move up and down at triple the change in the copper price. No placings, no guesswork and no misleading interviews. No one is ramping or de-ramping because it has zero effect. If you believe in copper, just invest on the price alone and gain multiples. I'm not going to mention specific ETFs but they are not hard to find.
Hi James yes that would certainly confirm a more definitive withdrawal from Kalengwa. I had only previously caught the action in the comments in the same year end audit which was more vague.
Question is wether it was a genuine reason given regarding remoteness and lack of power, opposed to any disputes or relating to it being the reason?
If the former there would be less reason to suggest Eureka has gone or going the same way with the last update being that they are considering options for possible ‘future’ development. Is certainly open to interpretation though. The wish imo, is for Eureka to be subject of the deal with KPZ having soured which just seems more likely for whatever reason, and Xtract can acquire the exploration and mining rights solely.
To be in the position after trial mining there and a subsequent irregular mett result that was then dismissed as a localised anomoly they were then ready, to proceed with mining and then….. Change their mind?
(Same report)
Let’s hope there is hope still for Eureka, the prospects are tremendous.
I believe VulcanBob is probably the same character that told someone you couldn't be CEng without a good degree - they were named on another board.
I am not trying to defend CB but I do find this character rather interesting. Someone suggested my research wasn't up to scratch so I'm polishing up on it.
Howezap from the annual report;
"Post year end the Company decided to withdraw from the Kalengwa Project in Zambia and fully impair
the carrying value with a consequent charge to the income statement of £0.36 million"
based on the above id say its foolish to hold any hope in kalengwa contributing anything to XTR, obviously we are speculating on Eureka following a similar path but based on past experience of XTR I know where my money would be on
Colin's bigging up of those projects give me plenty to be concerned about tbh.
The article dates from 2019 so not really news.
It does highlight the risks posed by anonymous posters on a bulletin board - we know nothing about Kwadoku / VulcanBob.
Both Kalengwa and Eureka have been removed from Xtract website, and there is no mention of them in latest corporate presentation so not something to be unduly concerned about.