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schlemiel

I did not listen to the Colin Bird interview today so I am taking it from others on this forum who listened to it:

[1] Aeries at 16:28: " Tell me where there is 2-3 OPEN PIT ORE BODIES-TIER 1 AND GROWING."
[2] Stevemocal at 16:17 mentioned "500m."

According to Aeries*s post, have a look at what he said further to the SE anomaly etc.
Tier 1 would be around 1bn tonnes of ore in practice from many of the other co*s.

So, if the open pit currently is 2-3, then, 500mt x 2/3=?

Have a listen and wait to see what others said.

I took the precaution of recording it for my archives just in case.

Mon, 8 Nov 2021 [Colin Bird*s, XTR Chairman, new interview on XTR, last 10 mines].

Per Stevemocal at 16:47 & 16:50pm, Mon, 8 Nov 2021 who kindly provided notes from the Colin Bird*s new interview just out today about XTR with great thanks and appreciation:
"Resource modelling coming "NOT TOO FAR FROM NOW" to tell us how many tonnes
of ore [MENTION 500M] cant tell us hoy tonnes of copper tho* until assays come back. ORE BODY GETTING THICKER IN ALL DIRECTIONS. PIT less conceptual by the day."

"Much debate on boards re: VALUATION over weekend. Said Rosemont and GGP VALUATIONS BODE WELL FOR XTR - " we*ll be able to PRODUCE WHEN IMPORTANT DATE COMES."

"Shareholder risk needs to be factored into price."

"DCF Model can be used-not regulatory model. XTR HYPOTHESIS REPORTED TO AA [this is what we estimate cap to be, this is op cost, NPV- "One thing I am sure is that 2MT will come from this CONCEPTUAL OPEN PIT."

The quantity of information that we have to assimilate is huge and we are flat out."
In summary, "IT COULD NOT BE BETTER."

"Debate: 5p valuation on the boards."

contd:
"IF I STARTED BELIEVING THAT , I*D BELIEVE ANYTHING. I*VE NEVER HEARD ANYTHING LIKE THAT AND "IF THEY WALKED IN WITH 10P, WE*D TELL THEM WHERE TO PUT IT" & "We need some REALISM here. THIS IS A TIER 1 ORE BODY AND STILL GROWING."

-----------All from the horse*s mouth, Mr Colin Bird, XTR Chairman on the 5p debate on
this forum over the weekend.------------NEW INTERVIEW OUT TODAY, Mon 8 Nov 2021.
------------Thank you Mr Bird and Stevemocal for your kind notes.

Per "The Bull at 16:14pm, Mon 8 Nov 2021:

"TIER 1 BODY, THE MAN SAYS. " "Most GLR , last 10 mins or so, is XTR."
From the Colin Bird, XTR Chairman*s new interview. From the other XTR forum.
So, 2 people heard the same thing, on this forum

Per Aeris, 16:28pm, Mon, 8 Nov 2021:

"colin I think let slip="TELL ME WHERE THERE IS 2-3 OPEN PIT ORE BODIES" having referrd to this as world class TIER 1 and still growing.

A hint of succes with SE anomaly perhaps-I*m quite prepared to wait as it continues to emerge."

For my archives from the Colin Bird, Executive Chairman*s interview just out. Thank you.
Better record just in case.
---------------------THANK YOU MR BIRD FOR THE INTERVIEW-----------------
PLEASED YOU ARE FOR US, SHAREHOLDERS, NEWS.

Per andmillsy, 16:12, Mon, 8 Nov 2021:
"2 MT COPPER RE-INFORCED." - From Mr Colin Bird, XTR Chairman*s interview just out today.
Posting with thanks for my archive.

NicetoMichu & Stevemocal,
Can you kindly give us a few notes please as not signed in. Thanks.

Caveat Emptor,

Caveat Emptor,
That is better in that you specify what you think is...
[1] Colin Bird, Executive Chairman, XTR was per WSJ:
" Head Planning and Operation, Anglo American Coal Corp.
So, obviously, you know that it was a typo and should have read WAS. Mr Bird , everyone knows has come out of Anglo American some time ago and it was obviously a typo.

[2] It is Mr Bird who will make the final decision.
Again, taken out of context to talk about shareholders approval.
As you know, it will be Mr Bird who will be speaking to AA come the time and if not satisfactory ie price, then from the interviews, he has said they can mine some time ago. So, how that jumped to shareholders meeting, I am not sure.

[3] You were at the EVENING WITH COLIN BIRD, XTR SHAREHOLDERS MEETING AND XTR AGM and he did not say 25-30p and if with a whiskey 40p?

2 of the posters here said so ie stevemocal who was at the said meeting in London on 14 Oct 2021 and Gixxer-600 at the AGM. Well, I typed it out in my archive.

As for Alpala, what was wrong with that?

Brooke MacDonald is a ...., President of CGP which was said a RNS from recall.
A few days ago, Twigger issued an RNS to ask the major to offer a premium @Alpala.
Alpala has not even had a PFS yet, only MRE #3. In answer to the post 15:37 below as
relating to XTR. This is NOT brought up by me.

Caveat Emptor,
You addressed your post to me?

It was part of the NEW discussion wherein the Alpala was brought in by another poster.
So, all those statements are from the Alpala situation?

So, how can they be ....? Thanks.

-----------------------------Dear Mr Bird----------------
As you read the forums, I would be grateful if you could kindly come in on the conversation post
the XTR London Meeting with Shareholders on 14.10.21 and AGM.

On the other XTR forum, this same discussion is also taking place and it is causing
....

As and when you have the time, I would be grateful if you could help other shareholders out by elucidation etc.----------------THANK YOU, MR BIRD.

Mon, 8 Nov 2021.

Brooke Macdonald *s 7c/lb was RNS*ed at the time which was a while back.

A/c to Mather, there is no need for PFS for a t/o.

Hence, why BHP could offer an investment deal BEFORE even MRE.

A/c to Irwin, big majors are not bothered with junior*s PFS?

Anyhow, I am sure Mr Bird, XTR Chairman is closer to the action with AA, being Head of Planning at AA.

Whatever, folks want to sell Racecourse at, it will be M Bird who will make the final decision and if he could give out a figure at the London Evening XTR shareholders meeting on 14 Oc 2021 and the XTR AGM, I am pretty sure I would rather go along with what Mr Bird has said rather than
...

Adding to the discussion, Brooke MacDonald said copper projects have sold at US 7c to the lb from recall.
That was a while ago and the copper price has gone up since then.

From 5p to 13p and 18p is a big jump.

LoL, so no more Valmin code.

Valmin Code is to be calculated by licensed and experienced Geo*s.

So, when the Valmin Code was done on this forum at 5p by a pi, of course it sent shock waves and it went to the next XTR forum as well and described as "incredible."

Even logic would say, how can this be even possible ie 2Mt of COPPER @near US$10,000/t sold for 5p = £42.5 Million Mkt Cap [currently price].

In cals, the variance is only within a certain tolerance of +-5%.

If it has NOT been REVEALED that Mr Colin Bird, XTR Chairman at the AGM had brought this up himself ie VALMIN CODE and his view of Rosemont sold at $440m which you said equates to 25p, then NO ONE WOULD HAVE KNOWN?

So, from 5p to 25p, THAT IS 500% MORE. So, there is definately an "ERROR" for Valmin Code
done here on the forum on a sheet of paper at 5p vs XTR*s Chairman at an AGM of $440m which equates to 25p per Gixxer-600.

Mr Bird reads these forums so let him comment the next time if he will SELL RACECOURSE AT 5P which is the current share price and market cap of £42.5 million which is unheard of.

The value in the ground/ price of copper paid for deposits has never been 2Mt @US$10,000/t sold for £42.5million? None that I have ever seen anyway. Mr Bird never said Valmin Code
starts at 5p either at the XTR AGM for Racecourse.

So, yeah , error or not I dont know. But easier to say error?

Gixxer-600
Most of us did not go to the EVENING WITH COLIN BIRD, Executive Chairman of XTR in London on 14 Oct 2021 NOR the XTR AGM Meeting.

In the past, shareholders were very helpful in other stocks in that they post at the MEETING itself to give short notes. Or when they return they post a FULL account by way of almost verbatim.

So, we, shareholders did not even KNOW that Mr Bird MENTIONED THE VALMIN CODE at the AGM and ref to ROSEMONT which you mentioned.

I was aware of the Valmin Code as that is in the AA agreement but it was also said that M & A in the last 5 years would be taken in.

Today, the SHARE PRICE OF XTR IS 5P region = £42.5 MILLION.

Shorn has very kindly told us what Mr Bird said about Racecourse and the 2MT copper specified by AA to buy back and how far we ARE AT currently.

As I have stated, NO M & A HAS EVER SOLD 2MT of copper at today*s COPPER PRICE nearing US$10,000/t for £42.5 Million and IF that EVER HAPPENED via a VALMIN CODE done on this forum @5p, I am quite sure it would NOT PASS REGULATORY approval.

Mr Bird HIMSELF GAVE A VALUE OF 25-30P and my own view was 20p based on empirical etc.
Mr Cornford also gave a figure and I think it was 40p.

So, VALMIN CODE CAN COME UP WITH 5P -THAT MR BIRD HAS ALREADY ELUCIDATE and you kindly let us know that he said at the XTR AGM that it is akin or better than Rosemont sold for $440m which you said equates to 25p.

Yes, it is IMPORTANT- If on Monday, 8 Nov 2021, people think or believe the VALMIN CODE will only pay minimum 5p, why WAIT TO SELL?

Also, there was a lot of smoke which STEVEMOCAL CLEARED UP AS HE WAS AT THE LONDON MEET AT 14.10.21 WITH MR BIRD AND HAS INFORMED WHERE WE ARE AT ie 2MT required by AA.
So, whether Hole 14 comes up with X grade or y grade, as explained by CAPTAIN BOB of which Mr Bird said it means that MORE TONNAGE WILL BE REQUIRED OR LESS if the grade varies.

The 2Mt is the OBJECTIVE.

So, when I said "error", I was being diplomatic. I believe that Mr Bird could NOT come up with
figures OUT OF AIR and that THEY HAVE THE RACECOURSE MODELLING ALREADY as all majors have. So, Mr Bird did MENTION VALMIN CODE AT THE XTR AGM recently and he also said it is based on the M & A of the last 5 years. MR BIRD MENTIONED 25-30P AND IF AFTER WHISKEYS 40P.
MR BIRD DID NOT MENTION VALMIN CODE 5P FOR RACECOURSE and if this figure popped up
on an envelope say or other means, its NOT FROM MR BIRD.

Mr Bird READS THE FORUMS and he can correct if WRONG. I am sure he will have some backup as HE CAN CONSULT A TOP INVESTMENT BANK TO RUN THE FIGURES.

At his other co, they also HIRED EXPERTS of all types to do the Conceptual Study for Mankayan to be able to pas for a Singpore Stock Exchange proposed listing.

Hopes that clarifies.

On the other XRT forum, the 5 p was met with the word, "INCREDIBLE" coming from....
Have a look.

DYOR.
Open for discussion.
News, Sun 7 Nov 2021.

In the article of recent days, it did mention that in the USA and Canada there are permitting events etc.
Hence, the discussion on Rosemont, Arizona is a case in point in that permitting still has not taken place.

XTR BUSHRANGERS, LACHLAN FOLD, NSW, AUSTRALIA
The Racecourse project therefore has NO PERMITTING ISSUES.
Racecourse is close to infrastructure etc. Also one can check definitively at the NSW Mining Dept whether there has been any REFUSAL for permits. Colin Bird, Executive Chairman, XTR has never said the Lachlan Fold , NSW, Australia has seen such issues as at Rosemont.

Per Gixxer-600 @21:01, Sat, 6 Nov 2021:

"Final statement: IF THE OFFER IS BIG ENOUGH AND TEMPTING ENOUGH, THAT*S US HISTORY.
25P MIN THEN, BASED ON COMMENTS FROM THOSE THAT ATTENDED THE AGM."

@20:54
"VALMIN CODE- SALES LAST 5 YEARS."

Comment:
Posted for my archives otherwise hard to find later.
Gixxer-600 Re: what the XTR Chairman said about Valmin code as above, why didnt you mention it when the
5p error was mentioned? Thanks as that is now cleared up by the XTR Chairman , Colin Bird at the AGM .

Rosemont is the 3rd largest in the USA.
I understand that it still has not got off the ground yet - the usual permitting?

Per info from Nsenergy: Rosemont , Arizona:
"537Mt @ 0. 4 5 % cu copper
0.012% Moly &
4.5 g/t Silver."

Yeah, Shorn.
Hence, in the USA, interest is with Chargepoint ie EV charging. Hence, why Stillwater Sibayne has now changed strategy to green metals ie lithium, copper etc.

Shorn to news: 12:59, Sat 6 Nov 2021:
"I was AT THE MEETING and he stated they are sure they HAVE the 2MT & that*s BEFORE
the recent RNS*s with drill results increasing the size of both E & NW. Clearly, he wants MORE assays generally and the resuls from the SE ANOMALY [which if confirmed would be a 2ND SYSTEM] WOULD EQUATE TO A 2ND PIT taking this whole BUSHRANGER WAY PAST 2MT
AAL OPTION TRIGGER/decision to mine threshold. IMO. ATB. Shorn." With thanks for my archiver. Caps used are mine.

GIXXER600 at 13:07, Sat, 6 Nov 2021 -"Rosemont":
"Anyhow he mentioned that the sale was for $440 and that it looks to be like WE HAVE A BIGGER FIND." A similar sales price would be 30p a share so in the ball park based on CB*s comments."
[Ref: Vox and full tape on Teleg] For my archive with thanks to Gixxer600

-----------Sat, 6 Nov 2021.---------
Ref: Shorn at the Colin Bird shareholder meeting in London on 14 Oct 2021 re: Evening with Colin Bird , XTR.