Member Info for jwoz

good to see us up. i was thinking through some numbers this morning which i thought might be worth sharing.
following placings (5+5.5), after Phase 1 drilling, we have c£8.5m sat on our balance sheet in cash. call it £8m to be safe.
we have a MCAP of £29m at current level.
which when reconciled actually means our non cash MCAP is £21m. that's £21m for all the African portfolio of assets and every bit of revenue they already produce and the increase that will happen later this year and into the future. Along with the entire Bushranger asset - racecourse, footrot, etc - which includes everything we know already and what it could become.

£21m is absurd IMHO. and makes me very excited about what lies ahead after this "quiet before storm" period of lull and frustration passes and the summer for XTR really kicks off.

a Friday thought there for anyone who may benefit or be interested. am sure many know this already and also know a lot more.
again good luck to all. am gonna take a back seat chat wise for the ride but really appreciate everyone's insight and am looking forward to following this board over the summer as i get a lot of value from the contributors.

We evidently share similar instincts…. Good to know tbh as i am far from an expert.
Lets hope we are right with these decisions.

Feels so.

yes that 3.4 is a buy i think as for much of the pm buys we 3.35-3.39 (the 78500 is me at 3.39) so a 3.4 for 1m makes perfect sense

strange - an ave of just over 5 is exactly where I am too. jinx.

havent we got Eureka assays in the next week or so (according to Colin after Zaks use of the word imminent)
to go with the 3D modelling
both in the next 2 - 3 weeks before drilling starts I thought/felt/believe?

have added far more than I had funds to given these prices... been some tinkering going on to free up ££ as I cant quite believe the price is where it is

good luck to every holder for the riot of a summer that awaits. hoping everyone makes at least double if not triple or more

you are right there. your image is the more recent. the point I was making is about the grades at the bottom end of 5 and 6 and where that is location wise in comparison to other holes drilled, their directions, intersections etc. so both images serve the same purpose on this.

https://www.rns-pdf.londonstockexchange.com/rns/7985Z_2-2021-5-25.pdf

perhaps the visual will help when reflecting on viability of both shallow and deep mining as one will lead to the other and there's copper every step of the way. Also the significance of increase in scale of resource (so far) as a result of holes 2,3,5,6.

yesterdays results showed not only that there is lots of copper up top but if you follow that 1km long cigar, you'll still have significant volume up to 0.38 (or perhaps better) once you are at the other end of it and some 600m underground. And that is just what we know so far.

From what i can tell the plan is simple. start at the top. Dig, find the copper. keep digging. find more. don't stop digging till you've raked out the significantly increase tonnage all the way down that 1km hole 1 plunge. Happy days.

whether its AA, XTR or anyone else - in the world as it is today with demand for copper and scarcity of resource... its pretty straightforward given where Racecourse is located.

meanwhile - explore around the sides and surrounding area as all data suggests there's even more.

i really don't understand the slander but it usually precedes what is a 'busy season' for a stock so i expect its par for the course, and will be ongoing for a while as the volumes increase and news flow accelerates...

here goes

Thanks
Quite literally did not use that word

Try context
And strong

Which i stand behind in a Porphyry system

just to try and spin the negative subject on its head.
hole 1 proved the length of strike is extremely long
2 and 3 proved that surrounding the strike the copper starts earlier (shallower) and finishes later (deeper) than previously expected or anticipated
5 and 6 went into new territory and proved that the deep crossover with the hole 1 strike is actually a big range of strong copper which increases at depth, which is (quite frankly) as good a result as we could have hoped

the "overall tonnage" is therefore increased with literally every holes results.

perhaps the image of the holes, angles and strikes needs to be shared again so all holes can be put in context..... as these results are very strong.

and there pops a 400k buy... expect back above 4 now unless any others are behind the scenes

expecting to see some big orders filled and/or some stop loss pain for a few who had triggers set around 3.8/3.9

definitely surprising to see these prices.. but its really an irrelevance versus the long game prize here. those that can and are researched will be topping up am sure.

Ella - agreed. I think all the holes tell more than we pretend to know and have built a picture we (or most) seem to be blind to

1000000% agree and thats the base case for waiting

can you release Assay results for 36 holes on a company investor call? surely they have to be released prior to be discussed?
i thought I had read or heard someone say by the end of month.
TBH end of month versus 15th of next month is only two weeks.. so isn't end of world. but the RNS hyped up the missing 36 so much that all investors were left salivating... so it would be good to know they are as exciting and soon to arrive as they were on 6th May

Have a question for the more expert here (max et al)
we had 17 holes of assays in May and it was stated that the remaining for all 53 holes drilled would be delivered in May also. Which didn't happen. the RNS also mentioned that the 36 other holes had some of the highest prospects (excitement) from early observations..... instead of the extra assays what we got was UFO increasing their holding to 90% of the value and also now news of an investor presentation... but I make it that 36 holes worth of assays are now overdue. is that right? are they doing these other things around the sides because they are expecting an explosion upon release? or is it possible there is an issue with them at all?

What a tip top end of week. Forget SP for now.. is my view.

the news is good. The company are back to being very vocal in the media. We now know more faces voices and names from the company - who seem very credible.

Its such a welcome relief and am also so very appreciative that this board has returned to being busy (really enjoy the busy daily chat) and the discussion is back to being intelligent and sensible discussion about the XTR business.

To all who contribute, i say thank you. Am sure i speak for many who read with keen interest and gain significantly from the insights, opinions, observations and hypotheses.

Heres hoping it stays like this now. Busy news flow, busy media coverage, busy trade volume, and all complemented by a busy and sensible chat board of people who care about the company.

Thank you all again. Enjoy your bank hols.

Africa update and clarity of 3D modelling in the next couple of weeks should happen and would most likely stabilise and start a redirection north. Agreed Ella... a consistent theme when reading your comments here and on GLR. If holes 5 and 6 managed to find their way back by start of july that would be ideal too... to start phase too with full view of phase 1

I think had Zak not divorced from Sharetalk we would have one by now.... that was the go to. CB needs a new soap box for XTR

Extra thought… if the initial JORC had a 0.3% cu cut off and the new world cut off is 0.2% as its easily economical (proven in a great many cases in far worse locations recently)

Then the original JORC tonnage is also by default about to jump up too surely? Irrespective of all the expansion and newly located deposits..

Feels like phase 1 will have us sail past 1MT mark making path to 2 in nearer sight

Is it poss they are frantically working on a crystallised proposal in time for the AGM so it can be proposed in the best forum?

100% agree based on all known evidence and history of news, action, etc