Member Info for cruELLA

CORRECTION TO LAST POST

SHOULD READ HAD AISC OF $1185 per oz

Yes NTM

You are right. Now I'm no WIZZ at reading all legal stuff

BUT

The original agreement states 23% of gold produced.

If All gold is sold at end of each month then taxes need to be paid hence why I said gold sales minus taxes.

If you look back at Q1 trading update is states MMP had AISC of $1812 per ounce yet in podcast dear C🎯l said AISC of circa $700 an ounce.

$700 would include taxes and team on ground costs

UNLESS

agreement has changed that we share OPEX costs with MMP

JUST about to figure it out with reconciling $1669 revenue figure

Back in bit

NTM

You asked

Cruella, Is xtr getting 23% of Nett profits the same thing as XTR getting 23% of gold produced, at Fairbride?

It is if NETT PROFITS equals gold sold less taxes

IE XTR gets 23% of gold sales less production tax and Land settlement costs.

Has original agreement changed?

Is XTR now paying 23% of OPEX?

I can figure it out by reconciling Q1 revenue

Really Drew?

Jeez never noticed that one.

So in one week or so likes of Stockopedia will have updated numbers for XTR revenue upto end of Q1 plus ALL costs upto end of Q2. Resulting in skewed figures to the downside as they do not include Q2.

Next official update will be JUN24 which is for full year ending 31dec23. This is because quarterly numbers are not updated.

DOES not make sense even more. They have had 3 months to report Q2

Hi NTM

Where are Q2 production numbers?

Don't understand why they are not included in H1 results?

Just skimming through now as am out but can't see anything reported for Q2

Thanks

This is what I wrote yesterday on my group

This post is more of a BIG question ❓ which I need clarification on. I should be able to get the answer when results are reported.

Question I have is costs to XTR in relation to Gold income.

The original agreement between XTR and MMP is

MMP

🔸Build and pay for processing plant

🔸Provide equipment

🔸Pay for operations costs

In return

🔸MMP get 77% of gold produced

XTR get 23% of gold produced

Costs to XTR

🔸6% production tax

🔸0.15% land settlement tax

🔸Team on ground costs which includes salaries, gold pouring, gold sealing transport of gold from mine and security. These costs are more or less fixed. The more gold is produced the lower the All in cost for producing an ounce of gold.

Last year in podcast dear C🎯l said monthly TOG cost was forecasted to be £50k a month.

Based on 66kg a month production & today's gold price of $1908.

Numbers would be:

529oz gold share to XTR

(23% of 66kg)

$1,007,745 Revenue

-$61,976 ( PTax & LSett)

-$50,000 TOG CoSTS

$895,769 gross profit PM

$211 AISC per Oz (tot costs /529 Oz)

$10,749,228 gross profit PA

89% gross profit margin

Before I project forward earnings need to see if the agreement between MMP & XTR has changed.

Oh look whose come out of woodwork DREW

what's not to like about interim?

We know we have Q1 23% of 140kg gold at AISC of $700 an ounce.

Plus may have surprise factor for Q2. This is what I wrote yesterday on my group

Good to see we are on same page NTM.

looking forward to results whatever time they will be announced.

Don't forget everyone if NO PR with results then it will take 7 to 10 days for numbers to be updated on likes of Stockopedia etc...

Cr❤️

Oh zap

Thought you were on permanent Sabbatical ❓

Good to see you🥰

Well Hello NTM🌳

If RNS today then best at 1629.

If not then have trust in dear C🎯l that his timing will be spot on.

Perhaps HE should get off HIGH horse and start listening to REAL investors like me❓

My prognosis is he is TIED up in past how things used to be in Smallcap mining sector.

yours cruelly ❤️‍🩹❤️‍🩹❤️‍🩹

Bella for my bestie number ONE JEZ👠❤️🌹

DEC

Saving best for last.

Fashionably late out next week

Are we gonna get our promised 1p dip from Goldie on ADVFN

Ready and waiting with little cash left in coffers.

cruELLA is Bella today ❣️❣️❣️

Good evening my lovelies❣️

don't tell me I killed XTR BB❓

how very cruel of me.

Jez just in case you wondering. You are still my NO1️⃣❣️

Hi metalhead

Not had umpteen hours to research AFP.

Rough numbers and timescale will do

What price do you see copper assets in Zambia be sold to major? And when ? How many years

Very very rough low ball estimate will do

Thanks

Dani from X

Good morning to all my bestie REAL investor friends

➕

Jez ❣️

Just KILLing time.

all my intellectual posts on my blog

off on bike to beach

yours cruelly 😜

Yeah kill

Me and Jez like playing 'catch me if you can'

Innit Jez❓❓❓❣️❣️❣️

And Boy can dear C🎯l jump now....

.... Anyone noticed at AGM how SUPER light he is now❣️

Good morning to all REAL investors

Plus my new bestie Jez❣️

Ooh wouldn't you like to know 😜

Had a bito rollercoaster week. did my DD and all ended well this AM with faccia a faccia ❣️

Moved back to Tricase til next summer. Sun sea and got reunited with me bike.

Couldn't be happier

Wink