RE: Posting again12 Feb 2025 17:02
Look - this is obvious - surely ??.
It is a back-to-back deal between JLP and XTR. XTR has the cash whereas JLP does not. Its Zambian copper operations have been losing money and the feed grade has been rubbish at 2% as a cut-off. 'Manna' from heaven for JLP who must still be big mates with CB. So, XTR has the purchase power from Manica income but no processing pant and JLP has a processing plant hungry for high grade feed. What do they do ?
Agree a deal that amortises the ore/waste purchase cost ( 1.6% Cu), transport cost and processing costs in a market where copper is around $10500 per tonne and then they share the profits.
What is the size of the resource and what does XTR gain? No idea but much larger than 300Kt I will bet and JLP will tell us soon enough and be singing from the roof-tops whilst XTR treats its shareholders like s--- as usual.