The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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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
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.)
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.
What board member is up for rotation vote thus year?
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.
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.
>>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 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.
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.
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
Of course you have
Dani
If you have been smoking the "wacky backy" for years, then that may explain some of your posts :)
That explains a lot. I see a big onion. Now its a carrot. Whoa... its turned into a big cigar...
https://www.abc.net.au/news/2023-04-08/medicinal-cannabis-fifo-workers-prohibition-safety/102190122
Hi Dani
Don’t let it get to you, opinions are just that. If they wont be dazzled with diamonds, baffle them with bull5hit.
>>One question i wonder why Colin didnt release valuation results prior to doing Preconcentration tests ?
Optimal Mining had identified that the economics of the Project could be improved by modern ore sorting technology, so the full Study will be completed based on the relevant test work that is being done.
Is normal practice, would be pointless and a waste of their time and Xtract money to have continued with the previous development options that will be in the full mining study where NPV and rate of return would be established, without the influence that the pre-concentration study will have on reducing the capital cost that is a key figure.
Hence the interim report just looked at various economic pit shells with only the op costs included.
Zap-a-Dee-doo-Da is having a merry blue day ;-)
Where the pre-concentration study is at present, being half way there. Its success is influenced by various factors with the ‘most’ important first hurdle having being passed. This is basically how it is evaluated if is of interest. But it’s a difficult one to gauge how significant its effect will have on the economics.
Technically, ore sortability relies on the intrinsic ore properties which determine the potential of an ore to be sorted. Several other factors influence sortability, including the commodity price, operating cost, and the metal recovery. The metal recovery and the operating cost are relevant to the sorting performance and influence the metal mass balance which is the balance between the pay and waste rock at sorting. The sorting performance is a function of the ore quality and it’s properties to be diverse in content, and the sorter’s efficiency. While the mass balance of the sorter operation is significantly influenced by the cut-off grade of the sorter’s separating ability.
CB seems confident it will work as good as they are hoping. Early reports must be positive.
10p plus Bushranger sale
Jdau you think more on 7p for a xtr future value?
An NPV with the IRR for BR will/should/could have an effect on the market cap short term, as there will finally be some numbers for investors to base an investment decision on, particularly so if the pre concentration study shows a positive effect on the economic potential.
5p at least from that with fairbride income increase but dependant on external factors too I would imagine.
Personally I think putting a sub £50m market cap as your “max target” for all that XTR has to offer is pessimistic.
Im reading all opinions but i try to see future xtr price and target 5p is Next Max target here (2023/24)?
Have to say, the hard rock production in ramp up, through rainy season, bodes extremely well going forward,
Good commenting throughout the day all, thanks.
Results are getting stronger by the month despite the rains. So any further dilution by fund raise is looking less land less likely now if not at all.
Further development talked about again, to increase revenues. A processing facility at Kakuyu to be fed by ‘others’ mines locally and to process the anticipated increased reserves from strike extension will give longevity to that particular increasing revenue stream where there will be 60/40 split of proceeds from current pit increasing to 70% to xtract from any extensions from that further exploration. May give some of that away to a JV partner for bringing in the plant, to mitigate risk.
At fairbride alone, with over a million ounces in ‘current’ reserves to be mined they will want to increase production largely, to bring anticipated LOM of 50 years at current production rate, down. So income could ramp up far more over next 2-5 years
They can concentrate on optimising the pit model by increasing the resource and further the exploration of the other anomalies hinted at, as and when the treasury allows now. All increasing BR value which seems clearer now, that is the intention. Why parcel it up now to be marketable, if they can afford to increase its value far more?
Appears pre-concentration is not a case now, of wether the ore type is amenable, but if that amenability is effective enough to improve NPV as they now know the paydirt v waste percentages per grade. And are waiting on the recovery losses to determine. The down side, another month to wait for that, then the conceptual study can finally be updated. I don’t expect drilling to commence though, until mid Q3-Q4 leading into ‘24 with a PFS by that year end. :-(
A blue long weekend :-)
Very Good Ben :)
Actually some of that may be far to close to the truth to be funny :)
That said, If this hits 15p then we will all be laughing and no doubt all long gone.
Well, maybe not all. Some my be still be waiting for the "inevitable" £1 sp before selling..................
Have a Good Easter everyone.
Funniest post ever BenH. Shame i can't show the wife. They just don't undestand do they. Tears from laughter instead of from the share price for a change. Thanks again matey! Happy Easter all and Colin.