Member Info for Andrew4444

" towards a huge bet by BHP on a Copper Bull market for years to come ?!"

Yes agreed.

Not sure if this bid by BHP is in its self good or bad for XTR, but the sentiment behind it does seem to support the thesis that copper demand and price, is only one way in the future.

But is the future the next 6 months or 2 years :) ??

" The Bushranger Study concluded that the highest post tax NPV8 of AU$363m (NPV10 - AU$265m) processes ore above 0.10% CuEq at 20mtpa with a sale price of US$11,000/t."

If Copper does go to $15K/t we are going to get more than $20M for BR imho.

Every corporate analyst seems to think $15K a tonne is coming...but the disagreement seems to be on the times scales.

Varies between 2025 2026 2027 or 2028

A long wait if it is 2027+ but I'm sure BR will get sold within those times scales and we will eventually see 4 to 6p again.

Maybe more?

For me, bottom drawer until then

"15,000 dollars per kg in 2025....."

I really hope so. That would be equivalent to approx $15M a tonne

I'm sure BR would be profitable at that level :)

"Let's just hope we're not watching it from the sidelines in a couple of years because PXC still haven't sorted the finance for it!!"

Exactly. How frustrating would that be.

80% chance IMHO it will go as planned.

I would be disappointed and surprised if this did nt hit a £1 within (not by) next 2 years. 40p not so long ago

We'll see

"I would be careful here,"

You kept that view quiet. Why on earth didnt you warn people before before now!

"Realise the bonds aren't going to happen"

Really??

"Our upcoming report will delve into these dynamics and assess the potential for copper prices to surpass historical highs seen in 2022 ($11,000 per ton)."

I would think by end of 2025 we will be above $12K and circa $1K a tonne increase each year taking it to a high of $14K or $15K

All irrelevant here if things don't go to plan with the financing - I'm betting they will though :)

"my only reservation is that a sceptical market will be naturally cautious in getting swept along this time round, the more CB shouts, he will not have a glut of ‘lock down’ newbie traders this time to bedazzle "

That argument works well for LTH but there will be a wave of newbies who are beguiled by CB's sales pitch - and to be fair to CB he is a very good orator.

The only way the potential spike could be halted is if LTh started telling all the newbies what CB was really like and giving words of caution. in believing him

I wonder how many LTH would be doing that as the SP started to climb ? :)

My point is that whatever strategy CB should follow re news release, be it " ram down the throats" or drip feed news, he wont be able to stop himself in doing the former. Maybe down to ego or even deflection tactics for what has happened over last 18 months - but he wont be able to stop himself.

Its in his nature and he wont be changing at nearly 81 ! The fable of the scorpion and the frog springs to mind !

(You can guess which one we are and which one is CB :)

"I'll offer back that If Xtract gets a good result assayed from one drill 'ole, I'd be gutted if Mr Colin Bird didn't shout about it from the rooftops"

There is no way CB could stop himself in doing that - whether he should or shouldnt will be irrelevant as it's in his nature.

TBh if a spike would instigate another raise then fall back as usual , then imho - so what ! Most LTh would be glad of the spike and exit with - possibly some, or even all of their money back !

How many would not sell at 4 p if given the chance over next 2 months?

AIMHO

Hawkander

we have:

Short term : Possibility of sp appreciation when zambia drilling starts (may??) and then further rise if assay results are good

Long term :1 to 2 years waiting for POC to go over $11K and make bushranger worth something

"If bond news comes out then this will 5x pretty quickly. If it doesn’t, then we stay in this range until another financing plan is implemented."

The alternative view is that If we can't get the bonds away this time there may have to be more warrants attached or some dilution to ensure the financing does get approved at next go??

If so I doubt we will be stating above 10p

Finance will happen, but at what cost to current sp? Maybe at no cost to sp but that is not certain yet imho

Not sure you can blame today's sp fall on CB !

1m buys v 0.4m sells

MM's doing their thing as usual.

"This is a coin flip, they either secure the bonds or its lights out (for existing holders anyway)"

With a 50/50 coin toss you would either lose all your money or double it.

here you will lose 50% of your money or 4 to 8 bag if good news.

yes high still - risk but the risk reward is very good IMHO

I've placed my bets and waiting for the roulette wheel to stop spinning :)

"Any guesses on bushranger value as it is"

· The current Racecourse Prospect Mineral Resource has the potential to be economically mined at mining rates of 20Mpta, or greater, and at copper prices of US$10,000/t and above.

The Bushranger Study concluded that the highest post tax NPV8 of AU$363m (NPV10 - AU$265m) processes ore above

0.10% CuEq at 20mtpa with a sale price of US$11,000/t.

So worthless until POC its $10K and even then no one will want it as profit is marginal. POC needs to be above $11K before anyone would want it. I think POC will be hitting $12K + in next 2 years so it will probably be sold but not for another 2 years. Bottom drawer for me re Bushranger but hopefully sp appreciation from Zambia after drilling starts??

https://www.lse.co.uk/rns/XTR/bushranger-pit-optimisation-financial-study-jxp0lzmb606mvwu.html

I'm sure the vid was taken at an Xtr AGM when SP was 6p

You can see me with the big Red hair.

Worth noting that 5p valuation would be just £42M MC

Obvioulsy needs POC to keep rising but BR doesnt need to be sold for much for this to multi bag.

But it may take some time.....

Well if copper keeps rising it wont be long before BR is actually worth something :)

Long way to go but a good chance over next 12 months the worthless asset of BR (at current POC) could be worth circa 5p?

Who knows maybe more?

We'll see.

Sorry PXC = AFP !