Member Info for howezap

Hi Steve 30k pay increase for delivering fairbride as a sustainable profit making operation that will provide minimum £4m annually to grow assets and to cover operating costs going forward is fair reward. Are barely at bottom line with production in relation to DFS and the company is already self sustainable.

My point billy is that the many that complain had the perception of what Colin was ‘apparently like but chose to ignore it.

Btw what lies and bs exactly are we talking about?

Hi lucky that presentation was before ascot was identified as the lower anomaly, when it was considered that racecourse had a 3k+ strike length, before it was closed off south with weak mineralisation. Not forgetting the lower western lobe on the original em survey that AA did.

There is very likely well in excess of 2mt and potentially there could be far more than the 1.3mt already classified that did not make it into the JORC. No one can say that he was referring to a 2mt JORC that is the difference.

RC still open ended to provide couple or three hundred more Mt of ore and ascot is open in most directions that could host another 4-600mt

He speaks a lot with reference to its potential rather than the status quo.

This whole shareholder value is getting annoying now.

What is Colin and co expected to do in the middle of the worst recession for decades when the share price is solely dictated by supply and demand for them. If buyers are not there and ready to invest then their only option is to have gone into limp mode to ride out the trough.

Ok there is now revenue that could underpin a base line, but that has not been officially reported as cash in bank yet ……

The fall from 7p is touted but the many LTH’s that have continually moaned, had plenty of chance to rebalance or get out at that point as you were no doubt all very aware of Colin’s ‘apparent’ over optimism long before BR acquisition, yet he has been continually accused of lies and BS since. (Mostly unfounded I might add)

It’s funny how no holders moaned when he was using that ‘apparent’ BS to drive the share price up to 7p. Ignorance is obvious bliss when getting swept along with the herd.

>>he dropped like a rock 😂

Arguing with LW, is like arguing with my granddaughter. Once you start you have already lost so is easier to just give in. 😉

But it’s wether you feel that you get bullied that matters ma

‘Threw’ I sometimes get mucking fuddled with my words

Im digging a hole now!

Ok I will graciously concede and apologise to you LW, your point is fair in your opinion.

Just frustrating watching this board turn to 5hit, it’s a no wonder A4444 through his rattle out his pram and has now gone.

Think most are getting bit tetchy waiting, am no exception.

Just need a kick start in share price to change the mood I’m sure, then can debate difference of opinions without our own financial situations overshadowing thought process.

If that makes sense.

Btw yes I am a bored member

Yeah do see your point, but maybe I do tend to defend the indefensible LW, particularly when I see it bordering on bullying. It doesn’t seem to matter what some post there are others that will just knock them for the sake of it. (Generally)

Ma I copy and pasted it from ur post at 15.03 but no need for apologies.

Ma>>>📍dani aint no cradle snatched 


Am 56 Dani! 🤗

So what bit of Dani’s post made you think it was a real forecast other than what the opening headline suggested?

>>>XTR EXAMPLE



MCAP £12m 



Currently making £1m profit per month……..

Was fairly obvious to me.

Ma >>Zap if BR was a NO Goer then wouldn't project be shelved?

Ma >>So you're saying AA will say nay and XTR can break free?? 


Flipper56 >>If that fails then he will just sit it out and hope the copper price goes up.

Firstly Ma no, will not be shelved, the next generation mines will be operating with lower cut off grades from higher copper prices that will allow lower grade deposits to be exploited that would not have been economic previously. Not saying BR will not be viable now, with current copper values, but will see soon I guess. Nether the less there is plenty of scope to improve on the economics anyway with further optimisation. A company can rework the model many times before an optimum level of economic performance is reached.

With other comments, the feedback from last years AGM was that they want to get the AA option out of the way (with a no from AA) while the copper price is still low.

There is a difference in building a resource to provide a viability study with the intent to actially mine it or to prove it can be initially mined, and building to increase its value.

Am hoping the first hurdle is near to being crossed and then the company can concentrate on increasing further value if required or desired, maybe sequentially as funds become available once the agreement has been nulled.

Although an aquirer could come in at any time then.

Keep up the posting why stop now?

Apologies then Roggy, it was just how I felt you came across in that post. I know you have been disappointed with this investment so far, is understandable. It may have taken longer than most anticipated or were led to believe, but it certainly does not mean that BR is not going to be a desirable project for someone. The company are on a stable footing now with revenue, im sure a turnaround will come soon when sentiment changes and investors start piling back in looking for value.

Didn’t take you for a bigot Roggy, what has Ma done to deserve that comment other than share her own research and positive outlook, also expressing what they see in how hidden value will come from the very company that you are invested in.

Yes agree NtM I can recall him predicting ‘shortly’ after the invasion of Ukraine that it would come to a conclusion very soon after with negotiations. I do believe his short term copper predictions were more in hope than of an educated prediction.

Who could have known though

But whatever the demand shortfalls have been globally, the price overall has held firm against supply concerns already.

Has been rotten timing since end of drilling with a global downturn, there is no doubting that.

Come on gixxer, so he specifically said it would be sold by last year? I can distinctly recall the comment that they hope they won’t still be here by then! Two completely different things.

Unless I had missed that comment, but he said ore implied a lot of things, I grant you that.

>>Do you really think he'd be bothered do to any of that if it was unnecessary?'

Of course he would, he would be doing himself, the company and us shareholders a disservice if he wasn’t trying to create additional value wherever it can be found. That’s his job!

Gixxer. No disrespect but Cadia is trialling ore sorting, which is one of the most efficient and economic mines there is. Ore sorting tech is the way to go.

>>>The latest data has shown that's still not enough - so they are left scratching their heads with what do to next....

How on earth have you come up with that conclusion when you simply don’t know what the economic modelling is showing even before pre-concentration, and certainly after then, in that respect.

It’s all about what they can prove to be a viable start up proposition and not about how big the resource is or should be now.

The success of BR for shareholders will be how attractive an IRR figure from a reasonable forecast copper price, compares with other projects around and not necessarily it’s just from its NPV.

It was pretty much been accepted by most that the market is not going to react to Manica until actual cash in bank from profits has been reported. Well we still do not have that in black and white yet which will not be until the half year audited report.

We are still waiting on the all important financial evaluation on BR.

And of course Kakuyu is still being evaluated for development.

The share price will do what it does for now until there are clear signals that will show a more realistic company worth.

I would say 30k pay increase is a fair reward for bringing together the deal that has now secured Xtracts long term future and out of a minimum $5m income annually for many years to likely come now, £30k is a drop in the ocean. I don’t see that as a joke.


hi cygnus your point regarding patchy, would certainly describe the variability that’s needed between the ore and waste. as the effectiveness of bos is dependant on how the material for rejection is present in such a way that it can be identified as pay or non pay and separated effectively in large bulk sorting batches. but this would still apply to the higher grade as is still sp**** compared with the host rock. however i think with just the metallurgical analysis this could not be properly determined from that yet, it would probably see bulk samples tested at later point as project advances.

the reason given why the high grade sample failed was that higher metal content was found in the waste fractions. which could mean due to sulphide dissemination which are finely scattered particles that could be difficult for xrt sensor to determine a cut off of a batch for rejection.

hi cygnus do you mean, the copper ore has similarly magnetic properties to the pyrite/ pyrrhotite host rock.?

if so i think they had possibly switched from using magnetic resonance tech that nextore use for bos, to using tomra’s x-ray transmission (xrt) sensor based tech. that is not exactly clear, but colin mentioned a few times the magnetic properties of the waste rock ‘could be’ what makes bos amenable. so is just an assumption by me.

amenability could come down to the dissemination of the copper in the rock sample (sp****ly scattered particles) that are difficult to detect if dissemination is too great, even at the higher grade end of the range.

please research tho i’m not certain.