Just been reading up on CooperLemon mining consultancy Lusaka Zambia.
📍so they brokered the deal between Anglo and Arc minerals
📍customers include Rio tinto galileo Jubilee Metals
📍their expertise includes geology projects legal and compliance.
A good allrounder I would say.
Not sure if they make a profit Fuller!!!
DREW.
It's nearly dusk. At dusk I turn into
Princess of DARKNESS...
All your posts are suggesting BR will never be sold.
If BR was dead duck do you think Kjeld Thygessen would still be NED . Two years zero pay so far.
.
I know that real investors ONLY read these forums and never comment in fear of being ridiculed. I thought by getting them in a private forum things would be different.
The only thing different is that they no longer have FEAR by reading all these negative posts and BELIEVING what they read
They still message me privately with questions so I think it's a school thing SCARED TO ASK Q
QUESTIONS something I never had a problem with
Ok DREW.
KAKUYU is in the same area as these two licenses and if I am right it's already producing income which if before end H1 will be reported in H1 RESULTS or from 1st July then in a trading statement.
This is an area of HIGH grade copper. If they are using same team to drill as KAKUYU then this derisks project massively.
I think the difference between other deals is
XTR ACQUIRED LAND FROM OWNERS.
NOW they cut landowners into profit share of project.
This is how dear C🎯l creates value for shareholders ✅
DREW
CruELLA here.
Please explain to the audience why today's deal is HIGH risk.
With the income being generated there is no reason why dear C🎯l can't invest in sulphide plant to get 50% profit share and drill prospects in ZAMBIA to perhaps sell onto First Quantum??
What is it with EFFING letters gord
Ok so it's KAKUYU!
Today's End
📍two further licenses acquired from landowners .Cooperlemon Cost of land to XTR ZERO
📍65% JV to XTR will cost
$2m of drilling beg SEP23 phase 1
$3m of drilling phase 2
📍if during /after phase 1 drilling project gets sold on then split of proceeds to XTR 55%
📍if during or after phase 2 drilling project gets sold on then split to XTR 65%
📍if JV then keeps and develop mine split and capex costs 75/25%
📍500k tonnes contained copper equals $5b at $10k a tonne
📍newly acquired licenses adjacent to AFP (another dear C🎯l co) licenses where 1st Quantum have an interest?
📍1st Quantum bought KIW now 14th largest copper mine in world
📍KIW was of dear C🎯l major success deals
Questions
♦️During phase 1 will tailings of surface copper be processed to help fund drilling campaign
♦️is this a BOLT on for KAKUYU license ( or should I say strap on as mister vulgarity would say)
cruella
Guy
Read your reply many times over.
ok
XTR spent £10m to achieve (am guessing) 49,000m of mineralization. They achieved this thanks to expertise of dream drilling team
How much would have been spent by an average drilling team to achieve 49k mineralization.
If XTR were to invest a further £10m in drilling this would not touch the sides of what a major would require.
My conclusion if XTR can achieve £150m to £250m plus a cheeky royalty ie passive income attached then that wouldbe perfect sales deal.
Am I on right track?
cruELLA ♦️
Good evening guy
Princess of DARKNESS here.
A couple of questions
📍if BR was a quarter of the size and the same amount of mineralization was discovered but in a more concentrated area. Would XTR command a higher sale price to a major ?
📍if BR after all drilling was not deemed financially viable would Mgment team have spent time and cash on precontration tests etc?
Hope you like my new look❗
Right.
Got it NTM.
Only missing info to CruELLA puzzle
📍maiden revenue Zambia Copper
📍possible royalty payment for BR deal.
If anyone can contribute to the above GREAT
If not then will go to ground as have nothing more to talk about.
Waiting game til H1 & BR RNS'S
Ntm
Andrew was not at AGM neither. Nor was jez.
am not often wrong why did I hear 2 weeks for H1 results?
Captain BOB and blue Brazilian at AGM . Can either of you TWO remember Dear c🎯l saying about H1 results released 2 weeks from AGM?
NTM
If BR and H1 RELEASED AT same time then that would be an almighty GAP UP.
As for others not wanting to average down ....no comment
CRUELLA
NTM
were you at AGM?
Didn't dear C🎯l say H1 results out in circa two weeks?
It's now nearly one month.
Had a PM to say £5.5m gold sales not a lot compared to other companies.
Blood boiling
£5.5m gold sales not A LOT if we had MCAP of GGP £387M
£5.5M GOLD SALES MASSIVE as XTR MCAP £13.1m
THINK PERCENTAGES AND NOT $AMOUNT
CRUELla
Gord
I have no idea on maiden copper income for Kukuya as we have not received any guidance on what to expect.
Flip
Just about to read GLR results.
Ntm
Not expecting my post to move share price . This will happen if H1 results accompanied by PR from broker or when figures updated on likes of Stockopedia Sharepad etc about 7 to 10 days after results announced.
cruella
AS AT 31DEC22 Mozambique Gold showed
Gross Profit Margin 40%
Sales growth 219%
This is THE MINIMUM I am expecting to see from H1 RESULTS
Total gold sales H1 22
$997,000
Total Gold sales H1 23
$5,551,841
That's an increase of 456% Sales growth compared to H122
Gross Profit Margin now
68%.
This does not include
Interest earnt from corp tax if 32% which will be paid in jun24
Nor
Maiden income from Zambia Copper.
Hope to get trading update for Q3
Howzat for a blow OUTTA WATER post❗