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Xtract starts at 44min. Called "Bargain of the week"
Although its a paid promotion, at least we may be getting a wider audience via this media?
May be a few new investors will be tempted by the "Bargain of the week" :)
https://audioboom.com/posts/8277021-sunday-roast-easter-sunday-special-featuring-chill-brands-q-a-session-chll-genf-xtr-sed
Kevin & Phil ramping XTR stating they don't understand why investors are selling.
I'll tell you why they sold, Bird's misinformation selling BR as a T1 project that, without doubt, would be a mine. We now know that's just not the case, how he's not under investigation for the comments he's made in pubic forums is beyond me.
I agree that CB overstated things here in a massive way, and his management of expectations (both output and timing) were terrible. But I also agree with the pod cast narrative that this has been oversold and FB more than covers the MC.
I expect the future high POC to ensure this ends well for SH's (may take a year or even 2 though) but I won't be believing anything CB says in any "interview" from now on. Now matter how "excited" or confident he seems :)
I will now only believe info in an RNS.
>>I'll tell you why they sold, Bird's misinformation selling BR as a T1 project that, without doubt, would be a mine. We now know that's just not the case <
T1 or not, is one thing but you may be misinforming some by appearing to be stating a fact, that it will ‘still’ not be a mine which is not known yet which I’m sure you didn’t actually mean.
Just to add a further point, We do not know just how much of the extra Racecourse tonnage there is that was drilled, but did not make it into the resource estimate as inferred. Not all tonnage would have been added due to insufficient drill hole information at that time. However, there will be ‘known’ areas where further drilling will increase those parts to be included in the resource likely on the margins at RC Adding a further 300kt was suggested there alone, including any extensions which is likely to be or see some targeted next.
Ascot is largely open ended to increase tonnages up to the 2mt if they wanted to, but the recent indications are that only RC will be targeted next to increase the MPV and also value, which would not necessarily be the same thing for the drilling outside the confines of the conceptual pit as NPV relates to the early mining development phase inside it so we should see further drilling central too.
I think you need to get out of your Bird echo chamber and go back and re-read what I've written....
Brid's words at the investor presentation 'will this be a mine, yes!' He made that statement without a doubt, which is how id written it.
We have no clue if it will be and neither does Bird...which is how he should have stated it.
He also said the decision to mine and the 2 mT was one and the same thing. People invested on the back of his ramping.
What board member is up for rotation vote thus year?
Hi Dani xtract need to show to AA that an initial mine development phase will pay back CapEx and be profitable. The NPV and IRR will show the economic viability of that initial phase supported by a PFS which is a much more thorough study level than conceptual that demonstrate that, extraction could reasonably be justified.
The rest of the JORC resource from outside the pit shell at RC and Ascot etc including the other licenses will be sold with inferred parts being discounted more so, than any measured or indicated parts. Think it was theiceberg that stated that majors will only pay for what is in the JORC and inferred parts are discounted by 50%
So ultimately the more of the resource that is upgraded to indicated or even further to measured by further infill drilling will command more value. As with any of the resource that is not drilled enough to be classified yet, if it can be upgraded by drilling, the extra tonnage can then be included in the JORC resource estimate.
Howezap, you "assume the sale" nearly every second sentence. Reminds me of those nlp guys who can hypnotize women into the bedroom. ( except they are perhaps more honorable.)
Of course I do, and how’s Ted? What do you make of Optimal recommending going down the modern ore sorting route? Thrill us please
Ore sorting works well in some places. So it's always worth a look. Seems to depend on the gravity or visual or other characteristics of the particular rocks. I've seen a few places where it helped the theoretical economics of the deposit quite a bit, and then other Co's where it seemed like last gasp stalling technique and never even was mentioned again. No opinion here, other than "worth a try I suppose."
Cheers FtF
I’ve spouted a fair bit about it recently, I agree not all ore type characteristics are going to be amenable, but how I understand it the pyhorite in the ore gives the technology a good chance of better separation. The main goal will be to reduce Cap costs with a reduced throughput as is hoped as much as 50% reduction of the mill feed of the waste rock, and subsequent increase in head grade will improve the economics significantly, resulting in less pit optimisation drilling up to PFS for starters.
The huge advantage over incorporating into an existing plant is a ‘potential’ ;-) new plant can be tailored around the technology to streamline efficiency of the whole circuit. Smaller mill etc to save on power and op costs.
Watch this space, and do pop by anytime to play bat and ball ;-)
MaBakèr, that seems like too big a hope to hang one's hat on, but whatever will be, will be.
I can always rely on you for the Rosie scenarios Howie, nothing personal.
Someone’s got to! with many more disgruntled investors here than happy chappies (and chapesses) at the moment. A month to wait for results of pre-concentration study, had interim report is amenable just looking at recovery losses from sorting so is looking more promising that not.
None taken
Stop sampling the merch !
Iceberg even still invested here? - He's only posting on PANR
Gixxer - Iceberg posted analysis and there is nothing to analyse at the moment.
I wish my missus would take a leaf out of his book and refrain from endless chatter when she has nothing to actually say.
Not much time and as you say not much to actually say.
I am looking with interest particularly with the current gold price.
Nice to see your back Iceberg, were have you been? always like to see what you have to say, what's your opinion about the share price of Panr and Xtr.
I suppose one bit of good news is that CB has spoken twice in the last week and the share price has not fallen. We just need an new RNS detailing the exact way forward for Bushranger in terms of new analysis and or Phase 3 drilling