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The good stuff being more in the red or the yellow or a bit of both will be revealed either imminently or shortly or soon Lucky
I've been trying to find information on how to digest the geophysics. The current high grade area is in the yellow stuff. So will the red areas be better or are the yellow margins better? I can't find anything online to determine what's the better area.
What prickly heard per my last post from the XTR evening with Colin Bird , XTR Chairman in London yesterday was heard by MANY.
From a recent interview with Zak, Mr Bird said that MAJORS have a business dept. LOOKING at projects etc. MAJORS are on the lookout for copper projects that are BIG. BHP is said to be interested in DRC, Zambia and they have a holding in Ecuador via Solg.
RACECOURSE-BUSHRANGER
Tooday did the geophysics and this formed the technical data by which XTR drilled Racecourse in the initial holes. Then, XTR conducted MORE SOPHISTICATED Geophysics. So, now they do have a BETTER idea of the mineralisation - they can do TEST AND DRILL geophysics.
Hence, why Stevemocal just mentioned about the RED GEAR as he calls it [Slide 19].
-------------------THE CATALYST IS THE 2MT BUY-OUT AGREEMENT WITH AA----------------
Hitherto, one did NOT know WHEN it would reach the 2MT. Per prickly re: London XTR meet yesterday: "
"In particular, HE wants AA TO BE AWARE with their buy-out option, they ----WILL BE SHORTLY---[unmentionable but means that they have to put up or leave].
----------"WILL BE SHORTLY"-Colin Bird, XTR London Meet, Thur, 14 Oct 2021.
Like Stevemocal said, that the slide 19...when we count all the copper "IN ALL THAT RED GEAR."
{Fri, 17:13 post stevemocal]
----------Many co*s do NOT have a BUY-BACK WITH A MAJOR so in the case of XTR , the co has one and that IF AA does not want to buy-in, then IT IS TO THE OPEN MARKET per Colin Bird.
Some co*s drill like forever......however, the 20 holes just drilled WAS FAST if compared to other co*s?
That*s my perception of what Mr Bird said and he can correct if not perceive rightly given he says he read the forums.
News, Fri, 15 Oct 2021.
I call it chargeability but stevemocal calls it red gear.
Slide 19 is worth putting out there as much as possible... "See this? We're shortly gonna show we have 2mt of copper just in this crappy yellow stuff. Just think what well have when we count all the copper in all that red gear!"
Assays and drill hole news next week for sure... something to look forward to over the weekend. Beer o'clock now me thinks! We go again Monday! GLA
Shortly? Anyone been following Colin long enough to be able to interpret his use of this timeword into ordinary English? End 2021? End 2022? later? Presumably it comes after imminent, but is longer or shorter than 'soon'?
Prickly
You have made me see the presentation in a more positive light, in that it was aimed at not just investors and possible investors butalso at AA and other potential suitors.
Per "prickly" at 15:55, Fri, 15 Oct 2021.
Prickly attended the Colin Bird, Executive Chairman*s Evening in London yesterday.
Quote:
"CB said he knew XTR -----IS ON EVERY MAJORS RADAR ---and he want to keep it there until we get AN OFFER.
In particular, he wants -------AA to be AWARE that -------with their BUY-BACK OPTION, ------they will HAVE TO S H O R T L Y ....[cant mention ie stay or go in other words.]"
Thanks.
News, Fri, 15 Oct 2021
------Very revealing from Mr Bird, XTR.?------
Hi Stevemocal . Yes you are right there were not many at the presentation who were not already investors but Colin used the opportunity to bang the drum and point out out that we have a massively improving copper asset in a perfect setting and reminded everyone that we now have all the finance needed (tks to African cashflow) for the foreseeable future . Copper price rising strongly backs this all up but the faltering SP suggests the message has not got out there yet. I do not think this presentation was just for the converted. CB said he knows XTR is on every majors radar and he wants to keep it there until we get an offer. In particular he wants AA to be aware that with their buyback option that they will shortly have to pxxp or get off the pot. Apologies for the vulgarity but you get my drift.
I doubt there was anyone at the presentation yesterday that wasn't already an investor and almost nobody is going to find their way to the presentation on the company website, watch it and decide to invest. It was pretty much just a rallying cry to weary shareholders who would like the battle to be over! Nothing wrong with that, it just isn't going to make much difference to the SP. RNS's needed.
2mT (slip of finger? or was that my brain jumping ahead of where we are! Ha Ha).
Is there also an unintentional message that outside potential investors may have got i.e. It sounds like it will take a long time proving up this 3mT contained copper so I don't think I need to get on the bus just yet'?
Yes, I agree Colin in interviews is far better than the XTR written material. The best I have seen are the 30m sessions with CB, Jeremy Read, etc.. They are excellent.
Steve,
I don't disagree but perhaps with Colin in the driving seat the vision came to life? I'm sure Andy had a word with Colin, Zak and Phil and the message will be irresistible in future.
Just read through. I'm not blown away by it. We have a really good story to tell and XTR are not doing a great job of telling it. 36 slides - which is a lot for anyone to sit through and maintain concentration - and Bushranger not even mentioned until halfway through.
Anyone prepared to spend time to read the presentation will already know about the world copper situation or they wouldn't have got this far. The eight slides on 'copper shortage' could be one or two summary slides. Equally, six slides on 'what is a porphyry' could be one or two slides.
Investors, like any other audience, want to know the benefit to them of spending money on this. We need to get to the bottom line much earlier in the deck. Sell benefits, not features!
The world is short of copper. We have a huge amount of copper. If we hit 2m+ plus that copper is worth x and you can buy it now for y. Sign here.
Thanks Ella
From the XTR Bushranger 14.10.21 presentation:
"BOLIDEN-Aitek Mine , Sweden
3km long, 450m deep. 0.25% Cu." [Pg 14]
"ESCONDIDA - 4km long, 3km wide and 645m deep.
DEEPEST OPEN PIT 1,200m deep."
Also that Racecourse can carry its own capex with variable operating costs deeper.
[para phase].
Thanks for the link. Rec
Fri, 15.10.21
https://xtractresources.com/wp-content/uploads/XTR-Presentation-14.10.2021.pdf