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Sound article, Archer at his best

https://open.substack.com/pub/thatstocksguy/p/exposure-to-greenlands-resources?r=4j2ztm&utm_campaign=post&utm_medium=email

LW would be more likely to be dealing with a land management type company working on behalf of various land/license holders.

Wouldn’t argue with that Cyberiachus. End of day these type of deals are made in good faith, but to hand over 300k in good faith is another thing but still, there will be no guarantees of success as will be dependant on amenability to be economic.

Hi Jackbal the written agreement gives xtract the optionality over the sourcing of the material from across the sellers various sites which it then purchases.

>>>…….to be sourced from the seller's sites in Zambia ‘and’ to be removed from the site by Xtract

Along with that optionality one would understand there would also be option toward the ‘consideration’ to spend after initial inspections.

They are not just committing 300k in good faith for a specific dump pile the seller has offered.

“Would you buy a car without at least starting it first ? Or look under the bonnet to see if actually has an engine ?”

Possibly…..Those Tesla’s are tempting and there would be a sense of irony too in getting one. On the other hand it would be just plain rude to not consider a Porsche and look under the tiny engine cover (not a bonnet). A 911 real one that is and not one of those pretentious family wagons. Although these days you can’t see much of the engine apart from a load of plastic bits to tell if it actually has one anyway.

“Am I missing something? “

Yes jackbal one key word

…….for a ‘consideration’ of US$300,000 to be funded from Xtract's existing cash resources

Is a sensible diversifying strategy and quickest way of generating more cash flow. Is a cheap up front cost method and a far less risky venture than another exploration aquisition.

The point is the company ‘have’ funds available to set up a tailings processing operation which could become very easily and quite quickly self sustaining and lucrative particularly with increased copper prices. The cost structure would be very low and could be project managed using very little of the company resources. All the hard work has been done already getting it to surface, it’s just sitting there waiting to be sorted and sent off for processing.

Scavenger tech sorters could by bought in to increase grades and reduce tonnage for haulaing or just simply mucked away depending on economic evaluations that are carried out.

See how it goes sounds a prudent way to me of distributing Manica funds.

No elephants to see here!

“Can someone please post a "in ground value of Gold atm " please?”

Interesting fact-

According to the maxim "to whomsoever the soil belongs, he owns also to the sky and to the depths", there is a presumption that a land owner also owns all minerals on or beneath the surface of that land. The presumption is subject to the exception of the Royal metals. As early as the sixteenth century, the common law has held that all gold and silver, whether situated on public or private land, has been owned by the Crown. This Royal prerogative is applied in Australia, by both common law and legislation.

The mining license grants the right to mine the minerals where ownership is then transferred. Some country states will impose ‘statutory’ royalty payments to be received from proceeds of mining gold or silver!

Still a good question though 👍

Bamps, with consideration that the existing stone based dirt haul road would be considered a less permanent solution. Introducing a bitumen surfaced more permanent road at great expense, I assume would need further approvals. They would not want to construct any infrastructure over the top of any potential underlying ore body.

Wondering if the length of the current route has seen any proximal exploration undertaken historically?

Doubt there are issues, Shaun did appear to state confidently this was going to be carried out.

A small royalty payment is generally the answer where access permissions are sought to cross license areas not under ownership, sometimes can be statutory. ??

Mm’s having a spring clean or something? Some house keeping going on for sure

Always appreciate your balanced views NtM and tbh everyone else’s Every opinion is as valid as the next but I feel the whole board is just getting too bogged down on negative speculation surrounding Colin. But, it can only be expected where our money is concerned. I certainly wasnt saying he hasn’t contributed to the rerating in some way or other. But, I take every twist and turn at face value, i have to otherwise if I were to concern myself with the share price and dwindling value of my capital it would definitely cloud my judgement. But that’s just me

I still feel XTr is one of the better positioned ones around to deliver. With potential for another big exploration story like BR with the kind of free cash flow available to spend in exploration and the development of Kakuyu and Silverking also to start producing cash flow to help with the drilling efforts to maybe further BR and in Zambia.

Otherwise I think we may see a small placing for BR third drill phase, but I doubt that will happen before any share price correction has occurred.

Just my thoughts, no inside track!

The haul road being upgraded as part of the optimisation study potentially opposed to just being necessary mine engineering works gives a fair indication of the downstream potential to see increased throughput rate from Hav.

An asphalt haul road could support more than the current 2.8-3mtpa was mentioned by Shaun.

By upgrading key infrastructure in this way it wouldn’t necessarily be considered as just good engineering practice without good cause.

Last one did come out bit 5hit jez must admit but in my defence was on third or fourth beer by then. Usually produce my best when I’m wan-kered.

Am as disappointed in the share price as anyone, but do choose to ignore it as I believe there is genuine disparity, seen similarly across the many other similar type stocks I follow closely.

We are not in a CB exclusive bubble, it’s no different seen across the junior explorers over last couple or three years decline. Nothing is going to change that, until buyers with new money return and there is a clear reversal and the news flow can be used to drive the share price forward again. CB said around 18 months ago he was going to stop worrying about the share price. Why do folk honestly believe he said that?

All the ducks aligning, are just taking so much longer than anyone could have imagined. Agree we have no idea for certain how the money is being spent or what progress has been made. But I get, as to why. Also, what the company will want to achieve to ready themselves for when that time comes to deliver.

Remember the timing of the first long drill hole at BR and what was achieved in that initial spike. That happened before the heavily saturated PR drive kicked in to rally the share price after the dead cat bounce. It was around that time resource stocks then started their slow decline. Even identifying a new porphyry was met with subdued response then continued on its journey down.

I’m not in any kind of denial as I believe, falsely or not, in what the company is having to do now in preparation for when the time is right.

I also believe in focussing on copper and positioning in Zambia is the right strategy too for M&A activities by the majors.

LW -Was actually thinking about the acquisition of Manica from Auroch and the subsequent JV with MMP to bring to production. Which the eventual disposal of which has grown the company stature to acquire more desirable and prospective licenses than the less desirable scraps that were only available or in reach of the company at that time. Like I said the company is a different investment case now than where it was.

Providing funding that XTr has not committed to, they are essentially buying directly into Chilibwe by increasing their agreed stake set out in collaboration agreement at a return rate to equivalent proportionate value to Chilibwe’s fully diluted issued share capital.

The large scale license IS highly prospective, sandwiched between two large scale, operating and historic copper mines. Due to its close proximity to these world class mines and it sharing the underlying geology, it is considered highly prospective for further discovery.

CB should be trusted in weighing up the risks in making these kind of deals in the first place, to position for chances of success later.

Income doesn’t directly benefit shareholders but allows the company to persue its objectives in line with those ‘clearly defined’ strategic goals in positioning itself in highly prospective copper projects in Zambia.

If they ‘didn’t’ persue these types of projects they believe they can increase asset values with the hope of returning shareholder value down the line, then you ‘would’ then have something to complain about. Growth strategy has clearly been laid out and in part why the disposal of Manica was agreed.

It’s what we are invested in at this moment in time, it’s not the same investment as it was leading into an inevitable copper bull market. Is just when that is going to be. Hopefully crypto implodes or the tech bubble crashes further to release trillions of dollars that some of which, will find its way into natural resource stocks as demand increases.

Depends on how many gravy trains are running. Optimisation of beneficiation to a single gravy train could improve efficiency and overall economic performance with more gravy.

What has all this got to do with XTR? My view is simple . . . XTR is moreso regarded as a SUCKER investment than is GLR.- Vulcanbob

How moreso?

We are in a long period of attrition, an AIM cull of small caps has already seen 92 companies delisting last year and rising. The index has less than 700 now and may continue to fall. A financial analyst has reported that ‘all’ of them were non profitable. The longer this goes on the better it could turn out for the companies that do survive meaning there should be more risk capital left over between them. What it also would mean is that those other companies that still rely on cash raises and can only raise at huge discounts just to generally pay their ongoing operating expenses will lag behind and be so slow out of the blocks when the market does start to turn bullish again, which it eventually will. XTr particularly with staged income payments will stand out with a healthy cash flow.

There will not be any need for, and the company will not be issuing any new shares in ‘cross listing’ The companies current share equity will simply be accessed from both indexes.

There will be fluctuations due to differences in exchange rates and overlapping trading hours, but will keep within range across both indices but not identical.

Hey Bamps I think we would simply be splitting hairs between 3-4 years. Estimates always tend to er on the conservative side so it could be shorter, but it should not be assumed they will not run into mine engineering and development problems along the way.

Tempering enthusiasm was pointed more toward some of the valuations being quoted considering the market would generally take into account the early development and growth phase of the company in valuing in these early years.

If the economics of a second decline stack up then I think it will be a given if they can ‘considerably’ increase ore feed to mill.