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ZAP
're BR
I am right in saying once financial models are out then dear C🎯l will approach AA.
If AS say no then they want to be cut into deal with whichever Major buys BR?
At the moment market pricing in NO DEAL for XTR/AA?
Will dear C🎯l release above news to market as and when we have it or will there be no news til DEAL done?
Thanks
ZAP
We've never met but I imagine you in BIG off road monster not Ferrari!
You not gonna use DOUGH when BR is sold?
Me am a off the beaten track girl!
Jez
stop putting words in my mouth. BIFTA ? wot the hell is that?
Anything processed is FULL of sugar be it savoury or sweet. SWEETNERS are poison.
perhaps dear C🎯l into taking dose of cinnamon to create fat burning inferno!
Yep wanna do road trip to Russia to get to know my roots.
Sure me and Putin would get on house on fire if we ever met.
Who needs the Euromillions etc when we've got the one and only Mr Colin Bird's Xtract Resources to bet your money on : I'd even go as far as saying there's more chance of Mr Colin Bird finding significant Copper in Zambia than there is of you wining the Euromillions Jackpot !!
Seriously, don't do Euro anymore. Never won more than £2.70 and cost £5 for 2 lines.
Do thunderball now. £1 a line. Just about breaking even and at my time of life, £500k is more than sufficient.
I'd buy glr and xtr and retire Birdie
Some Ferraris and a helicopter jez
no daydream I am going to win Euromillions because I keep telling myself that I will.
Two tickets = twice the chance
I use me 🍞I do
You mean he uses bifta instead of sugar in his coffee now ?
Bad advice I think.
I thought you were going to live in Russia with your pal Putin ?
Did he think you were too radical for him then or did he realise you'd do his head in ?
Winkety wink !
Disaster NTM!
Did you know SUGAR is highly addictive more so than Charlie?
Noticed in UK FAT is the new SLIM?
Noticed dear C🎯l is SUPER SLIM now?
Perhaps he took Dani advice ?❓✅
''Alcohol (22k) deaths this year
V
Charlie 804 deaths this year
V
SUGAR tens of thousands deaths
I know which I would choose''
All three ? :-)
Jez
You are grating on my nerves.
This is what I do. UNDERSTAND every aspect of the investment I bought into.
Now Zambia Copper is coming into play I need to study so I can project earnings which will then add to forward value of share NOT YET PRICED IN.
If I had to do risk/reward on
Alcohol (22k) deaths this year
V
Charlie 804 deaths this year
V
SUGAR tens of thousands deaths
I know which I would choose
As it happens I dabble hardly ever as am on a NATURAL high📍♦️✅
While we're at it, why don't we all write down our daydreams in detail what we will buy if we win the Euro millions tonight ?
In detail mind, with dodgy working out a must.
Tomorrow we will be counting our chickens before they have hatched so make sure you have your eggs in a row as you know there will be questions !
And stay off the speed
wink !
You are a numpty GUY.
Good job am sharp as a knife!
So if $90k is cost for stripping and producing 3.5% copper from 2000 T rock that = $45k a tonne or less if more CU recovered.
So
30O0T @ 4% = $1020m
Less 95k costs
= $925k profit
X 60% for XTR
=$555 k
No further recovery will be done until big fat chunks of CU found otherwise they will be wasting their $ earnt
Yes or NO
JEEZ the BIRD WRANGLED another 10% profit from additional strike 1km ❓
I say TIGHT is alRIGHT✅
Just picturing what a stockpile 3ft high looks like 🤣
Sorry should read 3kt.
Also 60% increases to 70% net profit from any additional mineral resources discovered during the course of Xtract's exploration programme. Which would include the additional 1.4km strike.
They may bring in a company to provide process plant so any ongoing increased net profit share could be impacted although it will mitigate the risks involved.
Guy
Me again
In addition to questions below an Old style deal could look like this?
£1m to acquire land
£1m drill and get 1st cash flow
XTR Gets 100% profit or 100% loss if no goer
Risk capital £2m v £65k on new style deal
Profit 100% v 60%
Is this roughly about right?
Guy
This is how I understand deal. Correct me if I'm wrong.
Jv deal KAKUYU
Risk capital to.XTR $65k
Plus
$680k in copper from (2000 x 4%) x $8500
$90k costs to strip and process the above.
Above paid through stockpile? With XTR profit share being reduced from 60% to 20%
750k tonnes estimated ore was for original strike length 380m?? Now strike length 2.4km WOW
You say stockpile is 3ft high. Means diddleysquat without knowing length and depth.
Is stockpile being sent to processing for cash flow? So the profit share to XTR is now 60%
Please correct anything I got wrong
Thanks as always
dani
Dani
No, wrong assumption. Waffle.
You travel by train ??
You are a STAR Guy
Thanks for the detailed reply.
Have copied it onto my blog as it is easier to refer back to.
Have a great weekend
Dani
Ok so looking into the Kakuyu JV gives idea of cost
pay US$65,000 to Oval being the amount calculated by the parties required for the mining start-up costs for the first month of mining and delivery of 2,000 tonnes of copper ore at an average grade of between 3.5 and 4.0% Cu. Thereafter, all project-related costs will be met from cash flow;
- reimburse US$90,000 to Oval in respect of stripping and mining to date on the Kakuyu Project, to be settled from cash flow by the reduction of Xtract's percentage share of net profit from 60% to 20% for the period required to reimburse Oval;
They have already payed back Oval conditional costs, both US$65k and US$90k Confirmed in March presentation. It implies up front and to be refunded to xtract from cash flow So if there has been any initial would have been returned and or gone toward further test work to extend strike, if they want to develop a sustainable operation. That, will need that ‘further’ expensive pushback to expose the copper ore/cobalt so need to understand first, the ore distribution to help with plant design and if an actual mine plan for it is warranted.
Goes on to say they will focus on generating cash flow ‘once’ that operation has exposed additional ore through that expensive push back programme.
So not sending ore presently as I’m sure it would have said , focus on increasing cash flow.
In pit geological estimate of 750kt @>3.5%cu
Stockpile on pad
3ft @>3.5%cu
Not includes any of the newly discovered 2.4km anomaly.
If is any more help Dani
Good to hear it Jezzoo.
Great time on here implies my Top analysis makes sense to you. AFTER ALL EVERYTHING I WRITE IS BACKED up.!
Served what? You the train conductor I met on train just now?!!
Dear Mrs Magone
I wasn't aware you had a short fuse today, maybe you should pop out and buy a longer one.
I have already read the posts, my opinion won't change.
As far as Sky pies are concerned you'll have to work that one out for yourself.
Just back from two relaxing weeks in the Algarve so I'm ready for great time on here
You have been served !
Wink !
Dear Jez
I have a short fuse today.
SCROLL down and read ZAP reply at 0907
Then read my posts 1145 & 1207
QUESTION
Which bits of my replies are PIE IN SKY?
All this pie in the sky forecast waffle is like puttting a quid on the lottery and then speculating what Ferrari you'll buy when you win.
"I might buy the California if I win a million but maybe an Enzo if I win fifty mill"
All you are likely to experience is the loss of your quid,
It doesn't do your, or any body else's mental health any good.
And it demonstrates a lack of maturity.
.....forecasting CU income
Or if all 250 tonne stockpile is 15 to 25% CU
Then revenue is
250 x 20% = 50T
X $8500
= $425,000.
JUST GUESTIMATING. GETTING MY HEAD ROUND HOW TO FIRECAST