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Would not come as a surprise if CB decided top up too at this level.

Everyday and yes it gets the better of me and cannot help myself by topping up. I shall top up again tomorrow if it drops. The weather will break from Thursday and will not hold up the next assay result. I see this as a bit of a bonus.

Within a decade, the world may face a massive shortfall of what’s arguably the most critical metal for global economies: copper.

The copper industry needs to spend upwards of $100 billion to close what could be an annual supply deficit of 4.7 million metric tons by 2030 as the clean power and transport sectors take off, according to estimates from CRU Group. The potential shortfall could reach 10 million tons if no mines get built, according to commodities trader Trafigura Group. Closing such a gap would require building the equivalent of eight projects the size of BHP Group’s giant Escondida in Chile, the world’s largest copper mine.

The LFB is a world-class gold and copper region hosting an estimated endowment of over 100Moz gold and over 24Mt copper1. It is Australia’s foremost porphyry region and serviced by favourable existing infrastructure. The LFB hosts flagship operations including Cadia (the world’s largest currently known alkalic porphyry system2), Cowal (Evolution Mining’s flagship mine), and Northparkes (a cluster of porphyry deposits including five notable gold rich copper orebodies supporting Australia’s second largest copper porphyry mine). While the LFB has enjoyed a mining history for well over a hundred years, the amount of extensive exploration to depth in most regions has been limited and, in our opinion, in certain projects ineffective. It is very evident to our team that there is a significant opportunity in the LFB by applying new exploration concepts and techniques.

The recent Boda porphyry discovery by Alkane Resources, Alkane’s brownfield drilling results at its Tomingley gold mine, Evolution Mining’s significant resource inventory growth at Cowal, the significant resource growth at Northparkes, CleanTeq’s battery metals development stage complex at Sunrise and Kincora’s initial drilling results at Trundle highlight the regions exploration potential. As summarised by Richard Schodde, a globally recognised minerals economist from MinEx Consulting, “as an economic geologist ... NSW, Lachlan Fold Belt, for copper and gold, is the place to be”3.

Our team over the last year has assembled a strategic and district scale position and project pipeline of early stage to advance walk up drill target projects in areas of the Macquarie Arc with significant exploration potential, within the LFB, in Central West New South Wales (NSW), Australia.

High priority drilling commenced in April 2020 and continues at our flagship Trundle project within the LFB, with very promising copper and gold results after making an initial near surface discovery that could be considered consistent with the start of a potentially major and globally significant project. Our first hole returned 51 metres at 1.17 g/t gold and 0.54% copper commencing from only 39 metres depth.

The Trundle project is situated in the same minerals complex as Northparkes, Australia’s second largest porphyry mine. Trundle is the only brownfield porphyry project held by a listed junior in the LFB, and we consider it rare for a junior explorer to secure such a brownfield opportunity in any jurisdiction let alone a Tier 1 location such as Australia.

I lead an experienced, well-balanced Board of Directors and management team who have “skin in the game” equity ownership and are backed by a significant institutional and family office shareholder base. We believe we have a very capable team that above all embraces the need to do things the smart and correct way, leveraging the fact that the majority of our team members are either Australian or have an extensive background operating in Australia with leading exploration and mining organisations.

For explorers, we consider the technical team is very important. In our opinion, Kincora has one of the best industry experienced technical teams for a junior company that, during their careers, have made multiple world-class copper and gold discoveries. The team also has unique knowledge and a track record of discoveries in the LFB. The board’s technical director, John Holliday, is a leading porphyry expert and based in this region. He is backed up by a strong Technical Committee and wider team. John is best known as being key to Newcrest’s origination and, discovery and management of the Cadia project during the exploration phases. Cadia is now one of Australia’s largest and most profitable gold mines.

https://www.share-talk.com/colin-bird-executive-chairman-xtract-resources-plc-xtr-l-exclusive-interview/#gs.wlm1b1

Nice. Drinks are on you... Dibs

I need a bit more than that. What's my chances for £6.50. Can i make the millionaire club. Maybe not but will go along way towards it

What woud the share price need to go to in order to make you a millionaire

Whenever the first assays arrive, the second set should follow approx. 12 days after. Accounting for the 22nd Jan finish of the first drill and the 5th Feb ending of the second drill being 12 days. Hopefully we start counting the days from tomorrow. Then no more mention of the word imminent.

On the 16th December tells us the leadt we could expect from asssys, does it not.....
previously announced, the Phase One drilling programme will consist of three diamond drill holes for 2,290m, with the objective of testing the potential extensions to the northwest of the Racecourse Mineral Resource, which was estimated in 2018 as 71Mt @ 0.44% Cu and 0.064g/t Au, at a 0.3% Cu cut-off, and has been classified as Inferred in accordance with JORC (2012).

The Phase One drilling programme will follow up drill intersections such as 159m @ 0.4% Cu and 0.2g/t Au in drill hole BRD001 and 169m @ 0.4% Cu and 0.1g/t Au in drill hole BRD009 (as previously announced these drill results have not yet been independently tested or verified by Xtract) and investigate the zonation of higher gold grades within the Racecourse Mineral Resource.

Was a pleasant surprise after seeing it in the red again when i left for work this morning. Came home and lovely, in the blue. Long may it last.

South or north its stilll the spin of a coin. In other words 50% -50 % chance. Therefore no great a achievement for guessing what way this will initially go. So here's one... we have 100% chance of results. We know this is big.. we know that the share price is low even without Bushranger. So it must be safe to say that this will fly no matter what the share is doing right now. Logic to buy on the drop.That's my prediction. This WILL happen unless CB has been lying to us all along. Somehow i don't think that is the case. So sit back and watch the epic movie. Even you hot toddy, get some nuts and chill.

Thinking of adding yet a few more at this price, very tempting. My only concern is that this drop is not a leaky leaky ahead of the Assays. I recall last week had a drop like this and it recovered by close of play.

https://www.mining.com/web/vale-anglo-american-underline-esg-issues-as-copper-demand-soars/

I don't care if this turns green and drops to 5p right now. I would just buy more if this is as the label says and the end product is as anticipated.

Nothing to be depressed about. There has been no change. News is great. CB has said that this price is justified even without Bushranger. Results will not happen in a day. Assays need to arrive, looked at, then an RNS formulated and approved before release. Therefore a few days yet i would think. Some shareholders are just ducking and diving causing share price to move a little. We must get solid news before we get the share price we are patiently waiting for. Think medium/long term investment and you won't get depressed. We all want results yesterday but this is a massive project worth waiting for.

Onwards and upwards all. Hold and wait. All going dandy.

Is that CB has learned that providing information on each hole is not having the expected share reaction, and kept this report minimalistic. Whilst the awaited assays are being prepared. Otherwise he will follow up with a share talk and update that way. He does mention it is in line with hole 3 therefore we must assume all is as they have come to expect.