Member Info for cruELLA

NTM

I ask cos my mode is no longer in code

Still don't get how you can compare looks with ANALytical skills.

BUT

coming from you it must be a compliment ❣️

Thanks zap

So in a

Nutshell re silver king

XTR risking £500k to get 51% of silver king to achieve this they need to discover 33k more tons of CU. Of an existing resource of 267k cont. Cu.

Now if that's not near to zero risk i don't know what is.

Re BR

I meant price to pay today before XTR did drilling campaign

Hey zap

Another out of interest question.

If XTR achieves 500k T contained CU at silver king with additional £1m investment then what would sale price be to major at current price of copper?

I understand that if phase 2 drilling costs is shared with copper lemon then they have 70% ownership of Silver king. Just asking to get an estimate of value versus risk capital.

Am I right in saying that silver king is to be put in production and not sold?

Thanks for your time

Cru

Out of interest zap if bushranger prospect was up for sale today how much could it fetch?

If I remember correctly XTR paid £1m during COVID

Cru

Got joke zap

Post with no point very clever!

BTW who/wot is Diana Abbott ❓

you ****s id jez zap flip

not £500m should have written £500k

definite typo. why didn't you acknowledge that and ❓

Flip

Low risk is subjective.

Only studying Silver king at present. Correct me if I'm wrong but

Silver king. Resource containing 267K ton contained CU

Silver king License cost to XTR is zero

🎈To earn 55% of licence XTR needs to pay £500m of drilling and increase resource to 300m cont CU.

RISK To above happening The Bird is blind as bat and loses the plot.

Agree balance sheet is No one in calculating risk v Reward

Yours cruelly

Yours cruelly

Have written extensively on HZM too. Writing on wall exactly like BEN.

POINT trying to make investors can discard this HIGH risk investments by studying the fundamentals.

What is the BIG differences between XTR & GLR compared to BEN & HZM❓

Answers Nett Cash on balance sheet

Business model - CAPEX light

The answers puts XTR &GLR into low risk category

Hey DREW and NTM

Here is my penny worth on BEN.

Writing has been on the wall for months. So why the Toasties and other investors didn't see administration coming is beyond me

MCAP £699K

EV £25M

NETT DEBT £24.3M

plus losses YE 23 (£21.3m)

TTD 24 (£26.4m)

Good exercise would be Todo quick analysis on all companies Toasties are promoting ❓

Yours cruelly

Flip

Not sure if relevant but cancellation listing is dated 2 April

SK announcement dates 3 April

Yours cruelly

Zap

You asked

What are others opinions on why the deals are structured differently

Is it because SK already have a resource of 237k T CU so far?

To make it official they would need a Jorc?

Whereas the other two licenses requires drilling campaign to determine if there is a resource or not

Thanks for your essay zap. Makes sense.

Remember you saying something along the lines of ,'geology doesn't just stop'

Is it highly likely to find more Super high grade sections of CU ?

Yours cruelly

Jez wot bit of Am Over you don't you understand ❓

Thanks Jez

but calculator doesn't tell me if cut off in Zambia is lower than 0.5%❓

You AR* E

Hello NTM and ZAP

sorry to bother you guys.

Been reading RNS 3 April Silver king

It states

An in-house non-JORC (2012) resource estimate by an external contract geological company was commissioned by Glencore in 2012 ("Non-Compliant Resource"). The Non-Compliant Resource reported an estimate of 268,971 tonnes at 2.7% Cu at a 0.5% Cu cut-off

Cut off in 2012 was 0.5%.

Since CU price miles higher is the cut off %lower❓

If so how much more contained CU is there❓

Thanks for your time

Yours cruelly

Shame NTM

I can only assume £0.5m is better spent on other projects.

I say assume cos bored members not giving market any update ⁉️

Hey NTM

DON'T You think it's HIGH time XTR announces a hefty share buy back. That would increase return for shareholders when assets get sold ❓

Yours cruelly 👿

But I'll go one further

Ya know the real business model came up trumps with the likes of Stockopedia only that The bird had no idea as he wouldn't have sold it for a measly $15m❓

look ntm

just because you had a topple with copl

no need to spout i give phoney analysis as the analysis is based on what came from birds mouth multiple times.

you ****

yours cruelly

Oh look at you mister Attention to detail ❓

If you didn't make me go all Racey Racey my fingers wouldn't tap hundred miles an hour⁉️