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Antimony-mining-market-experiencing-rapid-134500747.html

China Chokes Off Antimony, Boosts Overall Rare Earth Flows

Well now we know a little more, sounded exuberant.

Time for a midweek take away, flesh it out a bit.

So exciting.

I feel the intent is lost, Now the company employees can buy shares at 1.3 p and get reward as we will when the price shoots up to *17.3p, they can buy whenever they like, it is nothing at all to do with valuing the company at 1.3p per share???

And if it did shoot up to *17.3p, I would be happy for them too.

* utterly random number.

Patience, as a long term holder, I do feel the heat may be getting to a few, here, (heat that is nothing compared to what is present on the ground in Zambia, Morocco, atm).

The principle, "good things come to those that wait", may prove correct here, after all if we read the RNS's there are a lot of projects moving simultaneously, that can bear some fairly good fruit, short, med and long term.

The below is a fairly good summary, of the projects, news on all/any we can expect at any time.

https://thatstocksguy.substack.com/p/xtract-resources

I do agree on the "believe when see" statement, but there are multiple options, it would be so good to see a couple actually materialise, and so boost sentiment.

Let's just hope we get some cash flow streams running. Reading through RNS's, there are several potential ones that can start giving income any time now.

Then even more confusing is finding websites that quote discounted cash flow, "fair value" of as much as 27p per share?

Actually, I missed you were talking "BR", exclusively, I was referring to the whole bunch, get things rolling on the other projects and with copper creeping up, fuel prices falling, BR can well become a very nice model, and sell at multiples of current mcap.

Gixxer, I am of real belief it may be the exact opposite, and sentiment is about to return, cup half full.

I believe the below link, if available couple of months old, sums up the list of things where RNS stream will flow from, and these should give good rerates, occasional spikes, we just need them in quick succession, rather than in dribs and drabs. https://thatstocksguy.substack.com/p/xtract-resources.

Now the ground is laid, let the news flow.

Begrudge them if you wish, but it puts all on a footing to gain from the rerate when it happens, I have worked long enough to know that feeling included is very important, all can kick in now to push all projects, after all none of them gained anything from the last lot of options, which may look a mountain at the moment, where is the incentive in that?

I believe, if I was in BOD shoes, and wished to give my staff incentive to push SP up, to do this while price was low, allows all staff with options to benefit, as we will once the price rises.

I would not begrudge that in any way for what is a relatively small dilution.

These can be exercised at any time.

I personally believe it opens way to let the news flow, and for all to gain.

Is it just me or is there an issue with pinned list,

But that still remains, and has now been extended, with further drilling to be completed in order to model a mine. One ton of mined roch worth @ $ 450 metal content, the silver component of which, it's self , will cover the mining cost of approx $50 per tonnes.

I thing anyone coming here needs to read the RNS of 3rd April, 2024 to get a more measured understanding, as there is already an estimate of just shy of 267,000 tons, along line of 1 breccia pipe, a within a small area 2.81 sq km of the whole exploration, licence, 81.9 sq km

Related to that RNS there are several mile stone buy ins, and commitment over the next 2.5 years to spend 1.5 million from the Manica income, which will be steady around $750 k every 3 months, in order to buy in to the 70% position on Silver King.

We would mine ourselves if resourse does turn out to be less than 300k tons contained copper, though intention is to prove up and sell on.

Then in addition there should be news on the other 5 NW licences, now being drilled, plus kakuya, and the tailing, where there are opportunities for short term production.

Also Morocco, antimony, etc, all joining to a hoped for regular short term news flow from the company, which has not yet started in earnest.

Using Colins ball parks, if you dig a ton containing $450 worth of metal, and that is costing $50 a ton to dig, the silver content alone covering the extraction, with plan for 5-10,000 tons copper per year over 17 years, the sp has a lot of catching up to do.

And that IS only the current Silver King target.

Leveraged though best we ever got equated to Aby $800 and oz,

Bed and ISA it is in advantage to move as many as possible, so tend to go through at a low price, purely to achieve that.

Silver King update with punchy numbers please....