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P.S
£200m = US$276m.

If the price of copper goes to US$15,000 that CHANGES everything OR
SE Anomaly has higher GRADE-then its a different ball game.

15.10.21

Ella10
This is general info. The MAJOR already knows all about the POTENTIAL of the geophysics in greater details now, both at Racecourse-Footrot.

If XTR goes ALL the way to drill the OTHER BUSHRANGER licences, there is little point
given all open-pit mining is around the central feature. So, the other Bushranger licences are for a different time.

AA knows that XTR does not have the funds to drill at leisure to prove and prove more.
Look at Solgold, there is now Alpala, Tandamaya, Proveneal etc but even then the stock is not longer RISING like before. Why? The shareholders realise that the END GAME is EXIT STRATEGY ie EITHER MINE OR BE SUBJECT TO A T/O. Mining such a LARGE deposit will cost a lot.

So, here, at XTR, there is a ready agreement and if AA thinks they have GOT A BARGAIN, then they might bite.

My OWN cals said they might bite at £200m mkt cap [current is £44m @5.1p] = 23p vs Colin Bird*s 25p and 30p. I never dare mentioned the £200m figure in case people might scream but since Mr Bird has come out with it, then its ok to say.

Should the SE prove to be as the GEOPYSICS SHOWS [chargeability etc], then
AA might just dooooo over it. This is the MOST INTERESTING PART to drill the SE anomaly at Racecourse as elucidated by Mr Bird last night in London, 14.10.21

That my general view only.
Fri, 15.10.21

Per Cyberiachas 18:22, Fri 15 Oct 2021.
Quote:

"He was VERY CLEAR : we definately HAVE 2MT, not a shadow in his mind.
Goal is to end with with 1BN plus tonnes of copper ore.

Its a game of poker first. .. get some IDEA OF THE VALIDITY OF ----SE ANOMALY---- B E F O R E starting to get into NEGOTIATIONS.

I heard Colin muse about 25p or 30p SALE price but then, in his own words, people might say after a couple of whiskeys 45p."

My Comment:
So, looks like the SE Anomaly test is next per Colin Bird in London yesterday at the shareholder meet on 14..10.21.

Sausages? 15.10.21 Fri. Thanks

Ella10 gave the link to the presentation of 14.10.21 https://xtractresources.com/wp-content/uploads/XTR-Presentation-14.10.21.pdf with thanks.

"Potential for NEW MINERAL ZONES indicated by GEOPHYSICS." [Pg 17]

What prickly heard per my last post from the XTR evening with Colin Bird , XTR Chairman in London yesterday was heard by MANY.

From a recent interview with Zak, Mr Bird said that MAJORS have a business dept. LOOKING at projects etc. MAJORS are on the lookout for copper projects that are BIG. BHP is said to be interested in DRC, Zambia and they have a holding in Ecuador via Solg.

RACECOURSE-BUSHRANGER
Tooday did the geophysics and this formed the technical data by which XTR drilled Racecourse in the initial holes. Then, XTR conducted MORE SOPHISTICATED Geophysics. So, now they do have a BETTER idea of the mineralisation - they can do TEST AND DRILL geophysics.

Hence, why Stevemocal just mentioned about the RED GEAR as he calls it [Slide 19].

-------------------THE CATALYST IS THE 2MT BUY-OUT AGREEMENT WITH AA----------------
Hitherto, one did NOT know WHEN it would reach the 2MT. Per prickly re: London XTR meet yesterday: "

"In particular, HE wants AA TO BE AWARE with their buy-out option, they ----WILL BE SHORTLY---[unmentionable but means that they have to put up or leave].

----------"WILL BE SHORTLY"-Colin Bird, XTR London Meet, Thur, 14 Oct 2021.
Like Stevemocal said, that the slide 19...when we count all the copper "IN ALL THAT RED GEAR."
{Fri, 17:13 post stevemocal]

----------Many co*s do NOT have a BUY-BACK WITH A MAJOR so in the case of XTR , the co has one and that IF AA does not want to buy-in, then IT IS TO THE OPEN MARKET per Colin Bird.

Some co*s drill like forever......however, the 20 holes just drilled WAS FAST if compared to other co*s?

That*s my perception of what Mr Bird said and he can correct if not perceive rightly given he says he read the forums.

News, Fri, 15 Oct 2021.
I call it chargeability but stevemocal calls it red gear.

Per "prickly" at 15:55, Fri, 15 Oct 2021.
Prickly attended the Colin Bird, Executive Chairman*s Evening in London yesterday.

Quote:
"CB said he knew XTR -----IS ON EVERY MAJORS RADAR ---and he want to keep it there until we get AN OFFER.

In particular, he wants -------AA to be AWARE that -------with their BUY-BACK OPTION, ------they will HAVE TO S H O R T L Y ....[cant mention ie stay or go in other words.]"

Thanks.

News, Fri, 15 Oct 2021

------Very revealing from Mr Bird, XTR.?------

From the XTR Bushranger 14.10.21 presentation:
"BOLIDEN-Aitek Mine , Sweden
3km long, 450m deep. 0.25% Cu." [Pg 14]

"ESCONDIDA - 4km long, 3km wide and 645m deep.
DEEPEST OPEN PIT 1,200m deep."

Also that Racecourse can carry its own capex with variable operating costs deeper.
[para phase].

Thanks for the link. Rec
Fri, 15.10.21

Xeiger
Thanks. Yes, I did see the new updated chargeability map via XTR Bushranger Apr 2020.
I did see BLACK DOTS at the SE. So, I am assuming the next 20 holes will ALSO cover the SE anomaly at Racecourse-Bushranger. As for biscuits, thanks for asking others. LoL.

15.10.21

Last night, did anyone ask Mr Bird, Executive Chairman of XTR in London,14.10.21 where the next 20 holes are drilling ie NONE of SE, some of SE, a few of SE?

Thanks. 15.10.21

From Britain*s largest listed broker.
Can give out the LIVE price but check.
[Post 14.10.21 London meet -XTR] @8:14am, 15.10.21

Shorn @23:21pm, Thur, 14 Oct 2021:

"Just got back from it.---
1] CB CONVINCED he*s GOT 2MT.
2] Drilling all about PROVING that thru Phase 2 ----AND---somemore in the SE ANOMALY.
3] Either AA write to CB early doors with an offer or CB writes to them with the ASKING PRICE.
4] If no agreement, Independent valuation which takes into account SIMILAR SALES IN THE LAST 5 YRS and enterprise value.
5] If AA is not interested, then it is OPEN SEASON."

Thanks Shorn. Posting your verbatim for my own archive records.
Thur, 14 Oct 2021

As said it is about M & A ie similar sales in the last 5 yrs.

On Twitter under #xtr thread:
"Video of EXP--LOSIVE performance by Colin Bird tonight.
Watch the 8min video in the new XTR Telegram group."
https://twitter.com/hacksupreme/status/144874549540121860 1 hr ago, Thur, 14.10.21

[Ref: "Evening with Colin Bird, Executive Chairman, XTR in London on 14.10.21"]

I cant watch as I am not on Telegram at all or in this group or any other such groups?

news, 14 .10.21 @10.30pm

Gixxer-600 @20:49pm, Thur, 14 Oct 2021
[Ref: "Evening with Colin Bird, XTR Executive Chairman in London on 14.10.21]
Thank you for your short notes:

Quote:
"GEOPHYSICS SE IS FAR BETTER THAN RACECOURSE."
"Its much bigger than anyone could have imagine.
Can honestly say as we stand, this lot here [open pit drill zone] put xtr on a world class scale.
The only certainty he can say" we*ve got a big un.
Will it ever be a mine, hte AA option, yes."

My Comment:
I gave the link to the XTR Apr 2020 Presentation on Bushranger and asked folks here to look at the CHARGEBILITY MAP FOR THE SEIt APPEARS STUNNING!!!

Than

It is 14 Oct 2021 today and said to be a 3 hr session.

Have people arrived yet at the venue in London.

Any snippets, even if it is about tea and biscuits.

Not there but like to be there in spirit ie atmosphere.

Thanks.

News, 14 Oct 2021.

On KDNC main forum, I think EV_Bull has just stated that re-commissioning of the AMAPA iron ore mine, Brazil could cost $142m if I copied it correctly today.

This would be about right in my own books given it is generally known that full-scale projects can cost $450m+ depending on the size of such projects. So, RE-COMMISSIONING is cheaper but there are other details that I have not checked from EV_Bull*s Youtube link.

So, it is correct that KDNC had to make a choice as said in the accounts ? That*s my perception of what was said/meant.

Also, I did get an idea that KM, CEO of KDNC could partly sell but I have not looked further into EV_Bull*s post on this. So, kindly check.

Suffice to say, I have said that iron ore is not something I have invested in. So, as an early REM*er under DL*s Chairmanship, most of us are interested in lithium? I dont know as the REM*ers no longer post and have become KDNC*ers.

14.10.21

CopperOn posted today on CCZ that CORE LITHIUM *s mkt cap is A$882m.

KDNC has optioned out LITCHFIELD LITHIUM project to Castillo Copper [ASX /London] and in a potential sale will take Castillo Copper shares where applicable [see details].

KDNC owns 29% of Litchfield prior to optioning it out .

Litchfield is CONTIGUOUS to Core Lithium*s DFS deposits in Northern Territory, Australia.

One to watch as to what WILL OR WILL NOT be found at Litchfield, 900m to the boundary of Core.

----------------KIRAN MORZARIA MAY KNOW THE ANSWER----------------
given in 2019, KDNC commissioned a Geologist Consultant to do field work and in-house searches from the NT govt strike platform.

From what I could find, the previous owner of LITCHFIELD WAS MONAX MINING [ASX].
Monax Mining did rock chip sampling and identified targets at Litchfield.
However, Monax wanted to drill in 2017 but somehow, the trail ended there. They have changed their name to another name on the ASX.

So, Kiran Mozaria , CEO of KDNC would have that HISTORICAL REPORT from Monax as well , hence why I said KM may know or guess etc.

Have to wait for rock chip sample results from CCZ shortly for Litchfield as they are conducting DUE DILIGENCE.

I read the KDNC accounts wherein AMAPA IRON ORE PROJECT, BRAZIL was mentioned by KM juxtaposition against Litchfield.

Core Lithium*s FINNISS lithium spodumene project NT, Australia is of interest as Australia*s next lithium project [highest grade and lowest cost]. Capex is around $68m from recall for Core.

News, 14 Oct 2021.

https://hotcopper.com/asx/chr
Cadence has invested in Charger Metals [3% from recall].
It is looking for lithium in BYNOE lithium project, NT, Australia at the other end of Core Lithium.
No one knows what the news is about ie lithium or other of their projects.

CADENCE-CCZ option to Litchfield Lithium project.
This is adjacent to Core Lithium, 900m from the boundary of Core*s DFS spodumene lithium deposits.

Waiting to see what is the news at Charger.
13.10.21

On 14 Oct 2021, every shareholder is invited to the "EVENING WITH COLIN BIRD, EXECUTIVE CHAIRMAN, XTR" in London.

I understand it will be a 3 hr event about XTR and other co*s Mr Bird is CEO of.
Then, some video*s [short] to be posted so that we can share in this historic moment as I have never seen any Chairman conducting such an event except 1 do.

So, anyone that has questions, they are free to ask Mr Bird in person.

News, 13 Oct 2021.

andmillsy

Thank you for the courtesy of an update: Evening with Colin Bird, Executive Chairman, XTR in London on 14 Oct 2021

-----------THANK YOU MR BIRD FOR THE VIDEO THAT WILL BE POSTED UP AS WE CAN ALL SHARE IN THE GREAT EVENING given it is not an everyday event that co*s set up for shareholders. It allows many of us to share in the great moment of this co*s history at Racecourse-Bushranger.---
12 Oct 2021

SEE - my post dated 7 Oct 2021:
"REM II under KM-Amapa
Litchfield & Picasso as well: re: Option to Castillo.
REM II ABOUT TO B E G I N."

TODAY KDNC RNS, MON 11 OCT 2021
Amapa and bank creditors. See detailed RNS.
Share price: 23.4 -24.4p +38.6%
However, still below 30p of recent times.

I said that saying I meant to say is NO GOOD. I said so after see the picture that KDNC tweeted of KM [Kiran Mozaria, CEO KDNC ] at Amapa [4 pics] in Brazil [iron ore].

news, Monday, 11 Oct 2021.