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A44 thats what most LTH's are waiting for, history to repeat itself.
5p (magic 9p with some creative license from CB)
All the above in a short time span of Manica and BR required.
"I’ve been here since 2017 when the share price was 1p (albeit quite a few less shares ) scrabbling for a bit of alluvial gold income wondering if a mine would ever get built. the current situ much much better imo"
Yes agreed - but the co is only in a better situation because of the money many LTH have invested. But many of those LTHs (last 3 years) need this to x3 bag before they are in profit .
We (LTHs) have not benefited financially from this improvement in the company's fundamentals - which was facilitated from OUR money.
Any newbie buying in at this price will almost certainly do very well.. and LTh may even get their money back or even make a slight profit !
So digging a little deeper, it seems that with access to Anglo’s historic data pack, it has enabled the fast tracking of the early stage exploration strategy. It will save an estimated US$1.5M in direct exploration costs during the first Phase 1 of the Joint Venture.
Reading between the lines there could be good reason to be confident of finding something.
I think we are now in a very good position with $17m pretty much guaranteed cash, 2 licenses in the hottest copper spot in the world.
Bushranger in the back pocket for as and when we hit 10k copper.
I’ve been here since 2017 when the share price was 1p (albeit quite a few less shares ) scrabbling for a bit of alluvial gold income wondering if a mine would ever get built.
the current situ much much better imo
Wouldn’t be surprised if Colin adds another license in NW Zambia pretty quickly for xtr, maybe a couple , there’s one obvious spot to grab imo
Nice to see some sort of a rally here today..
It's a racing certainty that I'll never be accused of being a fan Mr Colin Bird...yet still, I'll freely admit that this s/p is unfairly low by most all definitions of my valuation criteria.. 2p ish far more than 1p ish is what I currently value this share at, even by bearish valuation criteria..
IMHO & DYOR
Frim GM, there are geologists already on the ground, sounded like they were camping rough, mention of black mambas made all a bit like indiana jones. Also likelyhood the holes will be much shorter, 120-180 m. Sounded like there would be 12 holes targetted in the 1st phase?
Somebody knows something.
£18k buy at 9.52 am
1,394,962 shares
Yep slowly going up under the radar at the moment
1,29 on the ask atm
Worth pointing out that there will be quite a significant difference to the task of defining a resource this time round from the Zambian licences to what was required on Bushranger.
The different characteristics in the types of mineralisation that are evident in Zambia, will not be disseminated or spattered in nature and difficult to follow any trend like BR porphyry’s did. Where it constantly thickened and thinned and meant was unpredictable and so needed more intensity of drilling to define a resource. Those earlier drills were simply to just try to ‘delineate’ or outline an ore body.
So if there is a find, of which there seems to be a firm belief from others directly involved that they expect results. It will not follow the same exploration path as BR took. A resource can be more confidently defined with far less drilling intensity.
So when you hear Colin state that the plan is to loosely define a resource to sell it on there is not technically any reason to disbelieve him or accuse BS in that respect.
Thanks Bob was part in jest of course, but it does open up some questions, like were those artisanal workings mined for copper or are they associate indicators that coincide with a trend? Have Xtr already commissioned any of their own air or ground surveys in that area yet that supports that starting location? Or are those the first steps?
Any thing else you can recall mentioned from GM however insignificant?
I think we are all thirsty for more news around what is already known now.
There was deeper reasoning, analysis of previous exploration, new ways of looking at those results, and things seemingly being in a straight line.
If you're wanting to find Zebra you don't go looking in South Kensington, Zak
I'm confident that Mr Colin Bird will find Zebra in Zambia, in fairness.
Very hopefully he finds Copper too.
Not being cynical when I say that, if after months of expert analysis and geological mapping to determine the architecture from all historical and all other more recent data, the highly experienced geologist team have decided to just drill near where there are artisanal workings evident. I hope that’s not what you are implying Bob 🤔😉
‘Laughs nervously’
From what was said at GM I am expecting after analysis of historical data, by (April / May), drilling should get underway, most likely in southern part of the donut shaped sector, as historical artisan workings are evident there.
"It's like a Gord smoking a cigar riding a Elephant Zak !"
I wonder when the drill programme will be announced ?
That could double the SP from here alone.
Hi ANAL
thanks for answering last question
XTR has already £2m to invest in NW Zambia licenses. Is this for both licenses or just one❓
If one then is it the small licence next to RIO or that BIG mother ducker SW of IVANHOE ❓
BTW you know the drill
I call you ANAL cos you call you ANALYTICS
Yours cruelly
Lack of reaction is the fact it’s CB that’s saying and suggesting it.
What’s that saying once bitten twice shy!
Let’s hope he gets the jungle drums beating again.
Looks like someon new as been trying his best
Seems we now have money to perforate Zambia too which, all being well, should increase the proven asset.
The lack of reaction is a surprise.
Analytical: Did you hear the potential tonnage of 1 of Bird's co's in NW Zambia chasing the WESTERN FORELANDS?
5bn tonnage potential [of rocks] and I recall the % copper is also good. In this interview, 2 spoke on the potential which must be from the size etc. Colin Bird let the two consultants speak as Lemon had the licence to hand to Bird.
A/c to Market Screener, Mr Bird has a total of some £1.9m in the 3 co's chasing the Western Foreland copper.
Anglo American is so keen and think its important to issue a statement to press on their Zambia drill at the North West.
Mr Bird did not elucidate much of the geology except to say, they need to drill deeper. This could mean that historically, like most old digging, they only did the SURFACE deposit? That is the idea I got from the Sunday Roast interview AFTER the Christmas interview which only talked about the First Quantum JV with 1 of his co's.
PLEASE MR BIRD, CAN WE GET AN INTERVIEW AS TO THE GEO OF XTR'S NEXT DOOR LICENCE TO KOBOLD.
NEXT TO KOBOLD? Ah, everyone will be watching - I am quite sure Mr Bird knows if THE XTR LICENCE NEXT DOOR TO KOBOLD [Bezos & Gates] IS ON TREND and where the old date shows it is the SAME mineralogy as KOBOLD's.
Ana. In these countries it can be a problem with people moving in just to demand pay offs. Unfortunately political and environmental factors are making mining very problematic and deterring investors. Rio Tinto now have their share of issues in Mongolia. Hopefully Zambia can avoid them.
Manica is nowhere near the affected region. And should the region be affected (extremely unlikely), then XTR would be hit as the Chinese can just walk away. Political risk is always a problem in the region as it is in South and Central America, DRC etc etc.