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My 2p suggestion for Amghas alone looks waaaay too low.

£10m a year income is easily double that and that's before the flotation and concentrate sales kick in.

Silverking and Amghas probably bigger potential than what we hoped BR would be. Copper now around 14k.

BR + Silverking + Amghas should see 10p by this time next year if not sooner.

Surely each of Morrocco, Zambia and BR can manage a SP of 2p on their own with timely PR and newsflow.

Get that timing right and this has got to move a lot higher.

Has the hoped for 60% concentrate target of Q4 now been revised with an intermediate 10-20% product by Q4 ? I didnt hear anything about the 60% concentrate stuff in that podcast but will have another listen.

Howezap... we haven't agreed on everything over the last few years but I agree re the buying opportunity over the last few months. Looking good from here.

Benhowell459, Bob

My bad I mistakenly thought it was per annum. That looks very very good now !

I should have added that the 5k - 10k plant should replace the Manica income which is soon to dry up so a good move. That income should then see the further proving up of the resource in Morocco but that wont be at least till 2027 though. So I don't think the SP will see much move from antimony till then unless something happens or a bigger JV is done to speed things up.

Benhowell459.... I was doing a similar calculation. I need to go back and listen again but did MC say the small plant was an advantage with regards to initial cost and time to set up but that it would only process 5000 to 10,000 per year of that 500,000 tons feed in the hill. So I came up with a similar overall value of antimony in the hill but per year the throughput is quite low which I couldn't get too excited about. Even then the potential is there for xtr so I was happy overall.

I think howzap was trying to say that he knows nothing either :-)

One sentence would have done there tbh.

Lucky520... yes I took from it that 5m was xtr share and basically something to replace the soon to end Manica proceeds so unlikely to shift the SP imho.

The answer btw again fwiw is not 10p SP.

Fwiw I took from the roasties interview that the XTR share of the recently announced small silverking mine operation would be working towards 5m a year. I assume $. That would be for around 5 years. The proceeds could be used anywhere in the group. I assume he meant any of the xtr projects ?

So I suppose the question is... what will 25m over 5 years do to the SP ?

I'm getting my happy new year to everyone in early !

Lets all hope for a prosperous 2026 for all XTR holders. We are all here for that. So lets all try and be kind to each other while we wait for the news flow that will surely come.

All the best everybody.

LW

Billy101203... very true unfortunately. Those who have been here long term can get a good understanding about how this company operates not by the words in RNS but by watching and learning previous SP movements and reading between the lines.

However I do feel we will get a SP lift over 2026 though, as hopefully enough new interest will be generated by the potential here.

*** Warning... My opinion is to the best of my knowledge both accurate and reflective of my view here ***

..... little smiley face inserted here for readers who may struggle with alternative views to their own :-)

JDAU I'm glad you are not choosing to be argumentative.

Read again slowly my post. I never represented anything like the terms of the contract ; accurately or any other way. CB himself said the "decision to mine" would be very difficult to satisfy in the courts. The sell on clauses also will in my opinion reduce the achievable price that can be obtained. CB said himself the AA agreement would need to be addressed. The agreement is clear . So was the Manica agreement. CB has not historically been a good deal maker for XTR when it comes to the small print has he. God I've missed this place where shareholders can post an opinion without others throwing a hissy fit :-)

Things looking up here. 2026 could be the year CB delivers for shareholders. Before anyone gets too carried away though, Anglo American still effectively control Bushranger via the agreement they hold over XTR. Unless I missed something, the agreement prevents CB selling Bushranger on for anything like what shareholders would consider a good price. The reasons for that have been well covered here in the past. That said and out of the way, I have been buying back in as the other projects sitting alongside Bushranger make this very attractive at this SP. I will finish with an early Happy New Year to all shareholders.

Chef.

The irons are just sitting on the wet kindling. None of the fires are lit.

It seems those now bailing out don't see anyone coming with the matches.

I posted this a few weeks ago and repost now as may be relevant to some.

1. Starting point is... XTR has 51%, CL has 49% .

2. If XTR spend a further $1m over 2 years then... XTR will have 70%, CL 30% (if CL contribute zero spend).

3. If CL spend $1m then... XTR will have 30% and CL will have 70% (if XTR contribute zero spend)

4. If XTR and CL contribute equal spend then... XTR will have 50% , CL will have 50%

5. Sliding scale of spend leaving both XTR and CL anywhere between 30% and 70% (obviously XTR% and CL% needs to add up to 100%)

If 300k tonnes or any other amount is found the state of play above applies at that time the 300k is announced. The greater than 500k tonnes share of 50/50 applies only if the resource is sold.

JDAU... Soz my bad. Yes that commitment is now fulfilled and completed.

1. Starting point is... XTR has 51%, CL has 49% (if XTR completes its initial $500k spend. Lets assume that happens/has happened).

2. If XTR spend a further $1m over 2 years then... XTR will have 70%, CL 30% (if CL contribute zero spend).

3. If CL spend $1m then... XTR will have 30% and CL will have 70% (if XTR contribute zero spend)

4. If XTR and CL contribute equal spend then... XTR will have 50% , CL will have 50%

5. Sliding scale of spend leaving both XTR and CL anywhere between 30% and 70% (obviously XTR% and CL% needs to add up to 100%)

If 300k tonnes or any other amount is found the state of play above applies at that time the 300k is announced. The greater than 500k tonnes share of 50/50 applies only if the resource is sold.

The study that howezap refers to no longer has current figures. Referring to the study as "the current study" doesn't give it any higher relevance to giving shareholders the information they need and are entitled to. My guess is Opex and Capex have out run any gain made by ore sorting. Substantial increases in copper price is what will save BR and that may happen. Bird will not in the mean time release anything showing BR is still uneconomical or at best close to break even.