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Hi Howezap
I'm not quite sure where a you are going with this? Can you please expand on how any assumptions could have either a positive or a detrimental impact on XTR's revenue (or any other impact)?
Reading once again still not sure.
Maybe some basics first,
>>MMP and Xtract have entered into a collaboration and profit-share arrangement whereby MMP will build, finance and operate a carbon-in-leach (CIL) plant to process ore mined from Xtract’s concession.
MMP reported to Empress that it is mining and processing the oxide and transitional ore at Fair Bride and other deposits on the Concession at its 42,000 tonnes per month processing plant which utilises a CIL process.
Are they building the leech plant at fairbride?
Where is their 42k tpm plant?
Hi Howezap,
Are you confusing the original agreement with the current state?
Hey Ella, it’s probably more my misunderstanding of where the processing of oxides and transitional ores are happening.
MMP have a 42000 tpm plant already where its being processed, but also states they are building a plant.
Could you kindly explain.
Is it me? Lol
Hi Howezap,
Can you please expand on how
'The last para is contrary to what Empress state on production ‘now’. From their update today'
MMP reported to Empress that it is mining and processing the oxide and transitional ore at Fair Bride and ‘other deposits’ on the Concession at its 42,000 tonnes per month processing plant which utilises a CIL process.
What is and how is that deal structured for Xtract on processing of oxides from its other assets? Empress just confirm that the 4 deposits that make up the concession, being FB, boa, GF and Dots and that MMP and Xtract have entered into a collaboration and profit-share arrangement whereby MMP will build, finance and operate a carbon-in-leach (CIL) plant to process ore mined from Xtract’s concession.
The last para is contrary to what Empress state on production ‘now’. From their update today
https://empressroyalty.com/site/assets/files/6280/emprnr2022-07_manicafirstgoldpour.pdf
Am I reading it wrong or am I completely missing something?
Oxides and transitional ore are being processed now, off site from Fairbride? MMP are building ‘another’ Leech plant?
N2M
The difference might also be down to terminology. Xtr has a contractual minimum commercial tpa. This will be lower than the full commercial tpa that empress are refering to. Colin often quoted figures, which I believe, are the minimum contract figures.
Maybe another way of putting it is mmp might have agreed a min of 150tpd to colin in order to get the contact to mine. They will make this figure by the end of aug. However full commercial production is 250tpd which they hope to ramp upto by dec. Maybe?
@mattyashy - Andmilsy is our primary source of PR. Bird went through a phase of posting the odd Tweet a few months back but it didn't last long....
I'm not convinced it is the case with that comment from Empress but in the past they have referred to the quarters with reference to their financial year which ends in September (I think).
Never in doubt...
F100
Looks like another case of unrealistic CB timelines.
from that Empress Pdf kindly posted by Leo Sayer below.
''MMP reported to Empress that it plans for Manica to be at full commercial production by the end of the year''
From Xtr RNS of 22nd June:
''We expect that by the end of Q3 Fair Bride should be up to full commercial production.''
I'm wondering Is the time difference to do with other Manica concessions beyond Fairbride being brought live for gold processing through that MMP - CIL process - processing plant too?
Great if one the excellent posters here with far deeper knowledge than me can explainall this to me ..(Apols for relying so much on this BB's excellent quality posters,.. but you guys kindly provide amazing / quality detail here.. to the extent of me getting very dependent on this BB instead of my own research .. also I hold lots of stocks at any one time and so hard to do good research of my own so widely too ..etc)
Quite right. The PR and comms aspect of Xtract have been very poor. Too many items competing for CB's time no doubt. How about another RNS converting production into the net cash to Xtract based on the initial gold pour and monthly production runs?
Thank goodness for Empress getting involved and giving this some impetus in the last 18 months. They also do know how to do PR...
Empress Royalties version: https://empressroyalty.com/site/assets/files/6280/emprnr2022-07_manicafirstgoldpour.pdf
Here we go, green boxes showing up haha
I think that Mr B could try a little harder. Maybe the heat is getting to him and he just wants to keep his communications as short as possible.
Anyway I believe we are still due a summary of progress on the Racecourse prospect (having had the promised summary for the Ascot prospect some time age).
Then we should get the final drill results and assays for the remaining holes in Phase 2, which will then hopefully be followed by the plans for Phase 3, which we are to believe is fully funded.
Obviously progress is going a lot slower than we were led to believe a year or so ago, but with the gold projects finally coming good and promising revenue and profits as they up production and further dilution not a worry at the moment this shouldn't be too much of a problem.
I like the pdf on the RNS showing the gold!!
Searching for XTR on some platforms doesn't show all the great content.
Cash (flow) is king in this volatile environment.
Should shortly be on the top 5 risers board. For once low(ish) volume moving us up
……But .CB still playing this in a very low-key manner !
This goes a long way to proving sustainable income and dissipating any fears of further dilution. We are now cash generative and momentum is gathering. 5p per share is easily proved without Australian assets. Way to go.
Really good news, and looking forward to confirmation on further progress! And special congrats to all the LTH who have been waiting for FB to start generating revenue for years!
Cheers
James
Someone is loading the truck with that news :D.
Great news, although wish a bit more detail and context for future income was given. No comment from Colin either...