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My bad to very bad case xtr.l overall valuation in 2023 sees Bushranger deemed non aligned with xtr strategically - eg too big - and even if poc is slow to pick up in 2023 and no more drilling deemed appropriate in early /mid 2023 - eg leave that as carrot for the next owner - then this could readily be sold on to a small mid tier explorer in 2023 for 10m gbp plus.. which roughly equates to 1.25 to 1.5p plus area per share
Mozambique Gold I value at somewhere between 2.5p and 5p, and this valuation becoming clearly visible from monthly revenues from there by earlyish 2023
(Other Africa assets - eureka etc- might have some potential on sale value in the future too but i'll go with zero anyway)
So I see this share at 4p ish as xtr.l bad to very bad case value in 2023.
And even allowing for CB making a mess of expectation management as a rule, I still think this should be 3 p ish now..
So I'm happy to top up anywhere in the 2 to 2.5p area.
I would never have thought that the share price would fall back to my entry price after a series of RNS announcements of successful drilling. But there again most small caps have seen severe price drops in 2022. Bushranger was purchased for £1.25m in 2020. Since then the company has made drilling announcements where all but one or two had successes to report. It also has other valuable projects in Africa. It's market capitalisation is £17m just now. In the village where I live it would not be difficult to find 10 houses worth that amount of money. I suspect Bushranger is worth substantially more than these 10 houses and this has led me to add to my position recently.
I have done my full research and met management so I am patient. I read some of the posts here and many want jam tomorrow - don't we all! But we know that bar Anglo American buying Bushranger there will be no sale until the Autumn of 2023 at the earliest.
being recorded as I type apparently.
CB on the PR recently.
I'll post when I see it published,
So despite CB continuing to repeat that Ascot remains "open ended down-dip and to the south" is Howezap still going to continue speculating about them joining up?
Sell IT!
Hasnt set the SP Alight! Although better up than down, come on XTR!
Fair play CB... and Bushranger is already a decent to good resource in my mind now.. and with lots of potential to add further tonnage too..
Generally, the market valuing Bushranger at nearish zero is farcical imho.. So an easy top up for me now as this share price is far too low for the stable of assetS that xtr.l has.. and more top ups to come for me as we go too.. especially including my strong view that poc is very likely to rise in 2023 and beyond too...
imho & dyor
0.19mt was not far off my 0.2mt est. - Could be argued that that alone pays for the plant? - RC free?!
I wonder what the SP would have done if that RNS was released at 7am for all the "RNS watchers" to see??
Slight rise in shareprice but will it stick
yea, it's not bad and no expectations set this time!
0.19mt was not far off my 0.2mt est.
That is a significant increase IMHO
AND a timeline was met :)
1.3mt now. When will the market wake up to what we have ??
"The combined resource of 225Mt @ 0.33% copper equivalent mineralisation in the shallower parts of Racecourse and Ascot deposits is comparable with many operating deposits around the world, providing the basis for real impetus for the recently commissioned Open Pit Mining Study. These resources could potentially be scheduled for production during the important early years of production, supporting a 9-year mining operation at a projected rate of 25Mtpa"
Pretty much in line with Iceberg's comments...
Now that the maiden Ascot Prospect Mineral Resource has been estimated and the Racecourse Prospect Mineral Resource updated with all the Phase 2 drilling data, Xtract has again contracted independent consultants Optimal Mining Solutions (Pty) Ltd to update the Bushranger Project open pit mining study. The update to the open pit mining study will examine the economics of a 25Mtpa open pit mining operation extracting both the Ascot and Racecourse Mineral Resources. Xtract estimates that the update to the open pit mining study will be completed early in 2023. Following the updating of the open pit mining study, Xtract will determine the optimum way to further advance the Bushranger Project and advise shareholders and the market early in 2023 of the Company's plans for the Project.
Colin Bird, Executive Chairman said: "A 17% increase in the total copper equivalent tonnes to 1.3Mt CuEq with the addition of Ascot is a significant increase in the Bushranger Mineral Resource, particularly when dealing with large tonnage, moderate grade deposits of this nature. The combined resource of 225Mt @ 0.33% copper equivalent mineralisation in the shallower parts of Racecourse and Ascot deposits is comparable with many operating deposits around the world, providing the basis for real impetus for the recently commissioned Open Pit Mining Study. These resources could potentially be scheduled for production during the important early years of production, supporting a 9-year mining operation at a projected rate of 25Mtpa. When we acquired the Project, we had a resource of approximately 300kt copper metal and we have now increased the resource to approximately 1.3Mt of copper equivalent metal. Racecourse remains open to further extension whilst Ascot remains open ended down-dip and to the south, which bodes well for further resource expansion."
Out.
Jezz
What's happened to change you mind then ?
I know what happened..
He wants to buy more @ cheap as chips
1.5p would be a steal so trying to influence the market, just like that Steve character.
Pinocchio you posted on the 7th Dec on this board:
>. Cheap as chips at this level- especially with hard rock Manica about to generate annual income of £5M. How many juniors have that sort of cashlflow locked-in for doing nothing !! ?<
What's happened to change you mind then ?
What a prat.
'Hoisted by your own Petard ' - line of the week! :)
pinocchio "Dreadful ignorance and analysis by real amateurs. I should know"
Hoisted by your own Petard !
>>>You will see. Believe me. Remember this day and date for your apology to come.
Give us a clue at least, anything can crop up for you to then say, ‘I told you so’ is it legal, is it corporate or is it fantasy?
Cygnus7, or in pinocchios case a black woodpecker event ! ;)
So in less than 2 weeks Pinocchio's view has gone from:
7 Dec
Anyone who hangs in there now or even invests from this point is going to get an Xmas gift. PoC going up, Manica coming on-stream and the Zambian Cu project being advanced.
This ascribes nowt to the Aussie porphyry which is clearly a nonsense. The impending global copper shortage means Racecourse and Ascot will be pay-dirt within a year -even if not now.
Cheap as chips at this level- especially with hard rock Manica about to generate annual income of £5M. How many juniors have that sort of cashlflow locked-in for doing nothing !! ?
to:
Today
You can speculate if you wish. It is really very sad. If you only knew CB and what will happen in 2023.
I guess we know why his user name is Pinnocchio.
Pinnocchio: sounds like you should get as far away as possible from this board. Don't want your street cred taking a hit.
Don't let the door hit you on the a!!e on the way out.