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Thanks for posting that Gixxer, appreciated.

Good interview, as expected to be honest - CB sounding pretty excited.

Must've checked it as bid/ask was being moved, now 3.10/3.20

Interesting that my trading platform is 3.05 to buy & 3.10 to sell - yet I can currently sell 500k shares for 3.10 fixed price...

I may as well have dipped my hands in treacle...

Well done CE, it's been a long ol' journey but looks like we're finally getting rewarded for our patience..
Onwards and upwards!

We'll be sneaking onto the top risers board shortly I'd imagine..

..yeah to be fair, not helping that the RNS hasn't appeared on some main services yet.. cough cough LSE sort it out cough.

I'm not sure the gravity of the RNS just released has sunk in yet...

Nail on the head Stocky1 It's blatantly obvious QueensLandWinner is trying to push a negative agenda here

QLW - you're not a shareholder here as it stands (by your own admission) yet you feel the need to post the same rhetoric repetitively about placings (I wonder why?)- you began today by trying to convince posters (incorrectly) that Sanderson could effectively force us to take their money for shares at a discount, you were called out for your nonsense then (you're welcome) - and since, you've just removed that part (because it makes you look like you don't know what you're talking about) and keep banging on about placings and lack of cash.

Your repetitive negative posting - even after knowledgable shareholders have explained why what you are posting is wrong is pathetic.. ridiculous that you think your plan of "shout the loudest and most often" to try and convince people of your nonsense is likely to work.

You're not a shareholder here, why don't you do us actual holders all a favour and stop posting completely unsubstantiated rubbish? It's getting a little tiresome having to call you out on it...

... I suppose a more relevant example would have been for me to compare the AISC's for open pit mining with underground mining, given we're talking about ease of access rather than grade...

Gixxer- "Anglo may buy-back 80% of the Racecourse deposit at fair market value as determined by an Independent Expert in accordance with the JORC and Valmin Code."
ref: https://www.lse.co.uk/rns/XTR/bushranger-copper-gold-project-australia-o7u71uhdwbdy9b9.html

I'm far from an expert but one would presume that the valuation of a mine would have a lot to do with production costs, i.e. costs per Ton vs. revenue per Ton.
Using an example, if you have 1g gold / 1T of material, or 1g of gold / 10T of material, you have the same amount of gold but would have to process ten times the Ore to obtain it thus altering the AISC's / value of the material in the ground.

If it's cheaper to mine then we'd likely get a better sale value for it, and/or it will be more attractive which means a sale would be more likely...

Hope that helps?

I'm not 100% on grades being above or below cut off at that point... No argument coming from me over 30m either, just noted it when I listened to the podcast :)

Not to be a pedant, but FYI CaveatEmptor CB actually stated in the podcast it (mineralisation) begins around 78m
ref: https://www.share-talk.com/colin-bird-executive-chairman-xtract-resources-plc-xtr-l-interview-7/#gs.qi4hd9
(3.20mins-3.25mins)

Doesn't make a huge difference but thought you'd want the info :)

I understand your point of view, however I don't agree with you...
"Something other than hole 1 which won't effect anything fundamentally until the 3 holes of phase 1 are analysed in the lab and reported back to us ."

- if mineralisation extends past our targets, I'd suggest it's a given that WILL in fact effect us fundamentally as the ore body we're drilling will clearly be bigger than initially expected meaning the subsequent drills would at that point be building on an an incredibly positive result.

" If the mineralisation continues to the planned total hole depth of 815m we will just continue to drill until we drill through all the mineralisation."
Ref: https://www.lse.co.uk/rns/XTR/bushranger-project-drilling-programme-update-pfvkiaoei6uxohp.html

Either way, I'm happy with the current results of 500m+ of mineralisation so far...

QueensLandWinner -
It's your prerogative to be wary of Sanderson and indeed to question deal structures... however, I'd suggest that by turning up out of the blue claiming you know more about XTR deals than the rest of us (FYI some of us have been here for years and know the company pretty well by this point), whilst in fact being completely incorrect and pushing a (imo) negative agenda you're treading a thin line between other posters thinking you're a legitimate investor with concerns, or in fact just a trader looking to knock sentiment to get a cheaper buy in.

All I'm saying is I know what my moneys on.

I'd suggest that in future you actually read the RNS's you're so sure about before trying to convince everyone you know best.

QueensLandWinner, sorry we're not able to 'pick up on the Sanderson , Funding Facility in the same way the poster " BlueBallsnall and yourself have'

Pretty awkward that you're completely wrong whilst maintaining you know more about this than other posters..

"The Company is not obliged to make any drawdowns under the Facility"

"Repayment
Unless otherwise converted, the Company must repay each Loan Tranche on the first anniversary of the advance by the Lender of the applicable Loan Tranche for each Tranche ("Maturity Date"). The Company may prepay the whole or part of the Facility on any day prior to the Maturity Date for a Loan Tranche upon giving not less than 14 days' prior written notice to the Lender and paying in cash a prepayment fee of 5% of the amount which the Borrower prepays in cash before the Maturity Date. The Lender can during the 14 days' notice period make an election for all or part of the Loan subject to a prepayment notice to be repaid in Shares in which case the 5% fee shall not apply to that proportion of the Loan repaid in Shares."

Ref: https://www.lse.co.uk/rns/XTR/funding-facility-ejpywjz1jvzb852.html

Certainly sounds that way CE.. I've been open about holding the belief that XTR has been undervalued for a pretty long time, regardless of the other strings to our bow, the more I hear about Bushranger, the more ridiculous our current MCap seems.

Bring on the next few days...

Gixxer - "Besides that, I once saw that Zac provide charts for a company that had been bought out a month earlier and was no longer trading!"

- that's hilarious!

That's the thing with charting CE - it only accounts for share price movement over a period of time, in my opinion its not hugely effective as it does not necessarily consider the driver of the movement.

If XTR come to the market with continued mineralisation/drilling on this target (or on the other hand news from other projects re cashflow etc) then the chart goes out the window as valuation models take over.

Still interesting to see what chartists are thinking though, thanks for sharing!

... we have contractors working (or about to start working) the hard rock and paying us for the privilege so I'm left a little confused as to QLW's statement too..