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Oops. Sorry, yes. 250%.
I can't believe that people take this clown seriously enough to respond. He/she must be absolutely delighted with the attention he/she is getting.
Yes Olderandwiser, that is the positive case. (although technically, it's 250%...and I wouldn't call it the minimum upside, maybe closer to a maximum upside...says Debbie Downer over here.)
Ben, XTR are not rubbish. And investing in copper/gold porphyries in 2021 might be the smartest financial move you ever make in your whole lifetime. I think even the 2nd-rate ones will probably kick rrr's eventually. Almost no stock is good or bad, but comparative pricing makes it so.
So on face value, what FTF is suggesting based on the GT Gold comparison, is that XTR has a minimum 350% upside from 7p to 17.5p, just by reaching a minimum 2mt Cu threshold required by AA. This is in a rising Cu cyclical trending market and with multiple opportunities for tonnage upgrades to that number as more drilling on the BR porphyry is completed, AND other porphyrys are investigated/discovered, in the immediate area, confirming a district-wide resource. I'm actually quite happy with that.
If there's 140 million shares out, and Newmont takes it over @C $3.25 a share, then C$456 million is the takeout price, regardless of whether Newmont already owned 10%, 49% or 0% of those shares.
What I was trying to extract from that transaction, was a recent market price per 1 million tons of Cu equivalent. (Remember Anglo have a "right" to buy Racecourse at a "fair price." We need some real-world indicators as to what that price could be.) This GT mob had 4 million tons CuEq, and Nem's price paid per share gave a price (translated into British) of 66 million pounds per 1 million tons CuEq. I thought this could be an (optimistic) guide for any XTR buyout, should all the stars align.
Well said news. Very little left to say to FTF apart from question his/her agenda. His contributions are boring, unhelpful and overly negative. And more importantly as you point out, mathematically and factually incorrect. Pull your socks up FTF or please go and tell other mining companies how rubbish they are.
news, with the greatest of respect why engage with somebody who is just trying to get attention/reaction and wind up holders. Do what I have done - just filter it. Easy. Job done.
Sir,
FTF
Cu and Cu Eq.
Of course, I have SHOWN THE DIFFERENCE.
Maths is important Sir, as you postulate 17p and pah us shareholders.
But in fact you did not check that the takeover co already had shares in the co and had to buy 84.1% only, not 100%.
Yes, unfortunately, I would NOT have corrected except they are MAJOR errors and could be misleading IF not corrected? Everyone thinks so anyway ie those who corrected your wrong data.
So, everyone chipped in as the posters on this forum are seasoned mining investors.
Hope you dont mind as you have now cemented the attributes of XTR with everyone correcting the wrong data you gave which will give a WRONG picture.
With due respect.
What Cyberiachas says there is without mistake. I'm not sure I want to correct everyone else's homework!
Newsie, you're confusing Cu with CuEq. C'mon man! Special needs or not... you can be wrong all you like, but don't be sanctimonious about it.
P.S.
FTF
The takeover data was in early 2020. However, SINCE THEN, the COPPER PRICE has gone to over US$9,000 a ton. Hence, XTR*s Racecourse appears more copper currently, hence the green energy metal which majors want to replace reserves with and potentially in supply tightness.
Fri, 9 Apr 2021.
Cyberiachas @14:20, Fri, 9 Apr 2021 - Rec.
FTF
"Saddle North Mineral Resource
Indicated: 298Mt grading 0 . 2 8 % COPPER
Inferred: 543Mt grading 0. 2 5 % COPPER." - Data with thanks to cyberiachas.
My comment:
Well, XTR*s Hole 1 Racecourse , NSW, Australia is really good at 0.33% cu eq?
JORC was 71Mt @0.44% cu & 0.064 g/t au gold [Earlier deposit at Racecourse]
Can buy with IG @6.85p
I make it 1.5mt indicated and 2.5 mt inferred cu equivalent from GT gold July 2020 report. Thats using a 0.6139 multiplier to the gold per gram to get to cueq.
summary:
Saddle North Mineral Resource Highlights:
Indicated Resource of 298 Mt grading 0.28% copper, 0.36 g/t gold and 0.8 g/t silver for a total of 1.81 Blb of copper, 3.47 Moz of gold and 7.58 Moz of silver
Inferred Resource of 543 Mt grading 0.25% copper, 0.31 g/t gold and 0.7 g/t silver for a total of 2.98 Blb of copper, 5.46 Moz of gold and 11.64 Moz of silver
Amenable to open pit as well as bulk underground mining methods
Potential for expansion with mineralization being open at depth as well as to the northwest and southeast
The Mineral Resource forms the basis for a Preliminary Economic Assessment (“PEA”) expected to be completed by the end of 2020
full technical report link:
https://www.gtgoldcorp.ca/_resources/tech-reports/GT%20Gold_Saddle%20North_technical%20report_2020%2008%2020.pdf
Just gone N/T on x-o account.
6.72p sell
6.77p to buy & 6.72p to sell! Someone is very keen to get stock before the weekend....I wonder what is around the corner! Someone has been given the nod imho
If one takes the actual data fromIWantThatOne of PEA 3mt.
Then, it means that school maths would say: If 3Mt = £213m [100%], then how much will SAY 440Mt [AA]= £ 3 1 2 m.
£312m divide by £49m XTR = 6. 3 6 TIMES.
6.36 TIMEX X 6.7P SHARE PRICE = 4 2 PENCE.
SPOT ON FOR JOHN CORNFORD*S 40P per conservative cals based on empirical [article at Master Investors].
No problem buying at all all day.
Been getting quotes for some time of 6.75p for anything up to 500K shares.
x-o account
To add to news here.... that would be 29p for Racecourse alone... if Racecourse only houses 2MT
(and if the comparative workings are even correct)
leaving the value attributes to the chance of Racecourse being far larger than 2MT, alongside the rest of the bushranger disrict and all of the Arfica assets to sit on top of that 29p.
not too shabby at all... even if it were true as, lets call it, a worst case scenario
FTF
I think you made a error in your data.
The total sale was C$393m [US$311m].
Today, the exchange rate is £1=US$1.37
So, US$311m = £182m.
However, the acquirer only bought 85.14% it DID NOT OWN.
So, in fact, to gross it up to 100% [proportional cals] as in school:
If 85.14% =£182m, then how much is 100%?
Answer: £213m.
Today, the share price of XTR is 6.7p with a MKT CAP of £49m.
So, IF say, XTR got £213m [hypothesis], then it is NOT 17p as you calculated.
How much is it?
It is £213m divided by £49m = 4.34 TIMES.
4.34 TIMES OF 6.7P = 29p.
I have not checked the rest of the details that you quoted about the deposit.
However, just to correct your cals as it could give a wrong impression?
Thanks.
Fri, 9 Apr 2021
FTF - that's a completely over-simplistic comparison. If you're taking your figures from GT's March 2020 PEA, then a) only 3m tonnes is Indicated, the rest is lower-value inferred b) the higher gold content at GT has moved the wrong way in the last year, thus reducing GT's CU Eq. average, c) GT's mine is arguably in a less hospitable place for mining, hence lower value multiple and d) some of the value from GT's mine and in the CU Eq. is in other metals, all of which would add to the processing cost. I'm pretty sure a very significant additional value can be placed on Bushranger.
I haven't been able to get a quote to buy even £100 on Halifax for some time now.
Upped to 500k dummy buy
Review my order
Print
Your order
Account name XTRT RESOBuy/Sell
Buy
Order type
Market
Quantity 500,000
Quote breakdown
Consideration £ 33,750.00Dealing commission £ 9.50
PTM
£ 1.00Total £ 33,760.50
Price
£ 0.0675
Quote valid for
Time expired
Get new quote
getting quoted on 100k shares @.0675 and 250k at same price no prob with share deal active
Thought I would share some info:
1] When there were warrant conversions [this is the topic discussed on this forum], the MM*s did NOT want to BUY and at the time, the sp drifted for no reason. Later, one found out that it was warrants?
2] Last time, one could NOT buy but CAN sell was when the MM*s marked the share up.
At HL, one can still buy but NO MORE THAN £500 worth = 7,400+ shares and NOT a share more.
Ages now.
Someone posted earlier, they could sell 500k shares [not money].
Not sure if MM*s will continue to wait and see if there are more sellers but without marking up the shares, doubt they can get a lot of shares?
Fri, 9 Apr 2021.