Member Info for Lucky520

Obviously I'm struggling to understand. The last study was based on 71mt at .44.
But if you use a lower cut off, you can economically remove more ore and therefore more copper but this doesn't increase the overall grade of the resource.

Surly if you lower the cut off and can process more ore, you increase the tonnage and lower the overall grade?

Sorry, I'll rephrase! Did they have overall average grade for each one?

Good points, they did have multiple on the last one. They showed multiple cut offs but did they show overall average grade? I can't remember.

I read the rns and thought the same as others..... how can the whole deposit sit in that range of coppper eq when most of the lengths are short of those numbers.
I come to the conclusion that maybe they are modeling the conceptual open pit on a lower tonnage but with a higher average grade?
But then why would you not include everything that's economical to mine?
Is it for the wow factor?
What's more attractive? A 1MT at .5% or 2mt at .25%

AND BEFORE PEOPLE COME OUT AND SAY 'ITS NOT AS SIMPLE AS THAT' I KNOW!!
It's for illustrative purposes only!

Awww Steve (little cry face emoji) are we no longer able to discuss things without getting upset someone else has a different view?

I don't believe the excuses for the delay in the model. They have been working on the model constantly all year, when ever they get some new information it should only take a few days to insert it I to the model. We have 5 days of opertunity for the model, If we don't get it this week, then what does that mean?

While I'm here.....

What are the questions to be asked about the AA contract? Let's get the info once and for all.
Please copy the list and add to it.

1. If we declare 2MT in our own study (not jorc) would that trigger the buy back?
2. If we hit the 2MT with a jorc at racecourse, can we keep drilling the license eg ascot,footrot.

I have more but I'm sure others ha e the same questions.

Please copy and add to the list!!

Wow, I thought it was this morning! Mental clocks wrong. Maybe that's what Colin is suffering from.

Hahaha I forgot I put that here this morning.

Can anyone on here tell me how the AA buy back clause works?

We won't get 10p, it will have to be 15p or above to give the guys working on it thier Brucie bonus.
No point having options at 10p otherwise. L
Therefore Colin and the team have to continue drilling and adding value till they are happy.

I will be staying.away from this board as much as I possibly can as this will be going on for at least another 6 months, possibly 12.

So much for jorc in January........

And it was at 10:19 when even howezap realised even the biggest of xtract's optimists get bored of talking about the optimistic scenario's in which the story will unfold......(said in a David Attenborough voice)

Iceberg, telling me to keep facts relevant? My post was relevant, it shows that the world's problems have not affected others as much as xtract. So you can't blame that. You also can't blame the copper price. There are obviously many factors affecting the SP but in my opinion most of it stems from the companies doing.
Steve needs to learn he isn't always right and others can have their own opinions. And I think people should keep thier profile pictures relevant.

https://www.mining.com/hundreds-of-new-mines-required-to-meet-2030-battery-metals-demand-iea-report/

Just to prove I'm not just bashing the stock.

In the last 6 months the ftse 100 dropped 1%
The Aim market dropped 15%
Xtract dropped a massive 51%

And we should blame Putin.....not Colin?

In the last month the ftse 100 has risen 7%
The aim market has risen 6%
Xtract is down 12%
And gold and copper have both risen too.

But it must be the war, inflation and commodity prices causing xtracts drop!!

Howzap, fairbride has some great revenue. With gold prices going even higher and it set to be in full production, that will mean possibly a million a month. I ask you, how will that create value? If the share price doesn't go up, how will we shareholders benefit? Colin and the team will just spend it on the next big thing. We won't get a dividend.

The reason the sp is so low is purely because no-one believes we have what it takes to sell to AA.
Why? Probably because we don't know yet for one and for two Colin said we were selling it and now we are drilling more. which brings up the issue of why? Is it because we don't have enough or because Colin doesn't want to give away a cadia?
Number 3.... is Number 1 and 2 combined....... do you believe what Colin bird says?

I can tell you now! The SP will react when the RNS from AA states their buying it, why? Because when AA tell you something, its happening.

Hahaha that made me laugh littlewing. That forum is bad but I still don't think it makes a difference to the sp.

The reason the SP is down is not due to use chatting on this forum. If it was the sp would have hit 30p at some point due to all the ramping we have done. And if Ella from telegram would have you believe, we are getting £1 a share for bushranger.

Steve, I am on telegram and know about the UTs as you posted about them, aswell as telling everyone not to worry about the drop in SP as only 0.3% of share have been sold etc. It doesn't make a difference how many shares are sold
...I only care about the SP.
I moan on here, along with everyone else because if you say anything bad on telegram, you get kicked out. I am a long term holder and have only sold and bought back once in many years and that was just after the final accounts, this year. As you may remember I was on holiday in paris and was furious. I came on here and vented furiously but that was two days before I sold 40ks worth of shares. I then bought them back a few days later as fomo kicked in and I managed to bag about 7k in profit..... yes I berated xtract before I sold!!!

Steve, I have no problem with you at all and think you are a great and valued poster.... but everyone is entitled to thier opinion even if it opposed to yours. Some people are obvious de-rampers with obvious objectives to get the price down. I for one don't care what people say on these boards because I don't believe it makes a single bit of difference to the share price, hence why I berated xtract and Colin before I sold shares.