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At this moment in time, the subject brought up about block-cave is necessary.

Mr Colin Bird, Executive Chairmain, XTR has made it clear in his last 2 interviews:
"ATTRACTING MAJOR COPPER CO*S INTEREST."
followed by the next interview: "AA - then it will be to the ....world NEWCREST - RIO."
This is evidenced by the AA agreement ie option to purchase.
This was the original Management By Objectives by Mr Bird just like he sold Kiwara to First Quantum. Mr Bird does not want to retain Racecourse ie 20% as he wants to sell 100%.

So, how does block-cave come in? All this is subject to PFS as with all projects. So, how can this be discussed in all seriousness?

Empirically, CADIA-RIDGEWAY is cited in mining data as having block cave and sub-block cave. Cadia-Ridgeway is just next door to XTR*s Racecourse. In Newcrest*s accounts and reports they cite that Cadia-Ridgeway operates on low costs.

Edison also has said that BODA in the same Lachlan Fold as XTR*s Racecourse is similar to Cadia. Edison*s 8 Dec 2020 latest broker reports gives all the 11 drill hole results which I have cited more than once and they are even lower grade than XTR. Even then Edison said that with 1,000m strike x 1,000m depth, BODA is anywhere between 500Mt+ to 2.2 Billion @ GRADES 0.28 g/t au to 0.35 g/t au.

XTR*s is more copper at Hole 1 @0.33% cu EQ.

Boda is a one of the most talked about discoveries in the Lachlan Fold as they have managed to drill deep holes to some 1,000m + - which few co*s have been successful at ie deep hole.

bitcoinbuyer

Given it is a private UK co ie JV partners at Molopo Farms, it means that any share in Kalahari Key CANNOT BE SOLD on the open market. There is no grey market either given they may not be listing Kalahari Key on the London Stock Market.

This is all down to COSTS. Even an AIM co cost quite a lot to run as the Nominated Advisor etc has to be paid which will include other costs of running an AIM co.

That is probably why they took POW shares etc as they that is an easier way to the market.

Given they are Geo*s, they are cognisant that they need someone with plc experience and PJ fits the bill given he was re-organised GGP, ECR etc.

As for AJ, yes, RRR owns warrants and shares in POW. AJ, is the Chairman of POW and in his interview last night, he said PJ and himself go back in business. AJ knows a lot of people especially in African mining etc. He has a good network for exploration contacts etc.

PJ can do execution etc since he is a Charterd Accountant and a Insurer Loss Adjustor.
Let*s say he can count beans very well. He did a good job at Greatland.

Answer to your request:

KALAHARI KEY MINERAL EXPLORATION CO PTE LTD
https://www.kalaharikey.co.uk

CLICK ICON: KEY STAFF
The star of the show is DR ROGER MARCUS KEY, CEO
PhD Geology.
Trinity College Dublin
RECEIVED THE DISTINGUISHED SERVICE MEDAL [BOTSWANA GOVT] in 1998 for services to the BOSWANA GEOLOGICAL SURVEY. MBE in 1999.

This is the star mentioned by A.Bell last night and on RRR*s Twitter. He is the Geo also for POW*s Molopo Farms.

By the way, the Boswana govt was very interested in Molopo Farms, Boswana as they they hoped that it was an extension of the Bushveld Complex over the border in S.A.

Chairman of Kalahari Keys is David Craig, University of Liverpool -Geology.
Previously Director of International at the BRITISH GEOLOGICAL SURVEY.

The Boswana Project Manager is Dr Andrew Edward Moore, Lecturer in Geology University of Cape Town. Then joined Falconbridge diamond exploration in Boswana.

Finally, Mr John Ells- Chartered Accountant, KPMG.

So, distinguished Geologists.

No quote to buy even 1,000 shares @4:15pm. To buy is 7p [Advertised price]

LoL

MM*s have ticked up to sell now to 6.9p and 7p to buy +7.695.
@4:13, Fri, 9 Apr 2021.

bitcoinbuyer

In answer to your question about Kalahari Key, the JV partner of Power Metal Resources @Molopo Farms, Boswana, no one can buy as they are a private company.

LoL
Share price is now 6.8p to sell and 7p to buy at 4:04pm.
No wonder some of us trying buying and couldnt get more than £500*s worth @6.7p.
Finally, the market has BLINKED to give us [investors] a better price.

bitcoinbuyer

Since you brought up Paul Johnson, CEO, Power Metal Resources relating to MOLOPO FARMS, Boswana, here is Mr Johnson*s own words in his interview:

"TWEET BY MOZEIGHT: WATCH THE INTERVIEW....WE "MAY" HAVE MADE A MAJOR DISCOVERY ALREADY AT MOLOPO FARMS... Wow." Dated 23 Dec 2020. [This is PRIOR to yesterday*s RNS on Molopo Farms assay results]

https://twitter.com/mozEIGHT/status/1341677943840501760 23.12.20

---
Do check the Paul Johnson interview.

Grossing up is a standard analysis method to see how much is the potential resource costed out at. How so? The investment bankers need to take 100% so that they can evaluate M & A sales price. Colin Bird, Executive Chairman, XTR said as much is an independent valuation will take in RECENT SALES, discount and price of commodity from recall in his interview.?

One can take 84.1% minus 100% = 15.9% already owned.

That is considered in accounting a carrying cost and has to be paid for and has to be added back into the takeover price. That will be the valuation to be carried in the books.

So, there is a subtle difference of whether it is looked at in an accounting way and for accuracy to be taken into account in the balance sheet etc notes.

Hope that clarifies.

FTF * s figure is wrong as it is NOT 17p as shown already.

Sir,
FTF
Cu and Cu Eq.
Of course, I have SHOWN THE DIFFERENCE.

Maths is important Sir, as you postulate 17p and pah us shareholders.
But in fact you did not check that the takeover co already had shares in the co and had to buy 84.1% only, not 100%.

Yes, unfortunately, I would NOT have corrected except they are MAJOR errors and could be misleading IF not corrected? Everyone thinks so anyway ie those who corrected your wrong data.

So, everyone chipped in as the posters on this forum are seasoned mining investors.

Hope you dont mind as you have now cemented the attributes of XTR with everyone correcting the wrong data you gave which will give a WRONG picture.

With due respect.

P.S.

FTF
The takeover data was in early 2020. However, SINCE THEN, the COPPER PRICE has gone to over US$9,000 a ton. Hence, XTR*s Racecourse appears more copper currently, hence the green energy metal which majors want to replace reserves with and potentially in supply tightness.

Fri, 9 Apr 2021.

Cyberiachas @14:20, Fri, 9 Apr 2021 - Rec.

FTF
"Saddle North Mineral Resource
Indicated: 298Mt grading 0 . 2 8 % COPPER
Inferred: 543Mt grading 0. 2 5 % COPPER." - Data with thanks to cyberiachas.

My comment:

Well, XTR*s Hole 1 Racecourse , NSW, Australia is really good at 0.33% cu eq?
JORC was 71Mt @0.44% cu & 0.064 g/t au gold [Earlier deposit at Racecourse]

MM*s have BLINKED.

Sp now 6.7p to sell & 6.8p to buy +4.15% [Advertised, NOT live quote].

Andrew4444 could buy at x.o at 6.75p. HL sells at 6.7p but limited earlier to only £500.

@2:58, Fri, 9 Apr 2021.

If one takes the actual data fromIWantThatOne of PEA 3mt.

Then, it means that school maths would say: If 3Mt = £213m [100%], then how much will SAY 440Mt [AA]= £ 3 1 2 m.

£312m divide by £49m XTR = 6. 3 6 TIMES.

6.36 TIMEX X 6.7P SHARE PRICE = 4 2 PENCE.

SPOT ON FOR JOHN CORNFORD*S 40P per conservative cals based on empirical [article at Master Investors].

FTF
I think you made a error in your data.
The total sale was C$393m [US$311m].
Today, the exchange rate is £1=US$1.37

So, US$311m = £182m.
However, the acquirer only bought 85.14% it DID NOT OWN.
So, in fact, to gross it up to 100% [proportional cals] as in school:
If 85.14% =£182m, then how much is 100%?
Answer: £213m.

Today, the share price of XTR is 6.7p with a MKT CAP of £49m.
So, IF say, XTR got £213m [hypothesis], then it is NOT 17p as you calculated.
How much is it?
It is £213m divided by £49m = 4.34 TIMES.

4.34 TIMES OF 6.7P = 29p.

I have not checked the rest of the details that you quoted about the deposit.

However, just to correct your cals as it could give a wrong impression?

Thanks.

Fri, 9 Apr 2021

Thought I would share some info:

1] When there were warrant conversions [this is the topic discussed on this forum], the MM*s did NOT want to BUY and at the time, the sp drifted for no reason. Later, one found out that it was warrants?

2] Last time, one could NOT buy but CAN sell was when the MM*s marked the share up.
At HL, one can still buy but NO MORE THAN £500 worth = 7,400+ shares and NOT a share more.
Ages now.

Someone posted earlier, they could sell 500k shares [not money].

Not sure if MM*s will continue to wait and see if there are more sellers but without marking up the shares, doubt they can get a lot of shares?

Fri, 9 Apr 2021.

To add some context:

Voisey Bay STRIKE LENGTH : 600m.
Stretches to 4km.
Ref: "Voisey Bay deposit shows potential to be a low-cost nickel producer."-Northern Miner, 15 May 1995. Google this title to read and check.
===
GiantTrainSet: Post Below
Power Metals: Molopo Farms Complex, Boswana STRIKE 12KM.

AB Interview with Stockbox last night, Thur 9 Apr 2021.
He said: "Cant EXCLUDE. BIG ENOUGH AREA, BIG STRUCTURE..."
This cant exclude refers to the suggestion of Voisey Bay from recall? It was rather late and I did not take everything down as he was talking fast. But in the RRR tweets, AB did mention people asking about Molopo and Voisey Bay. The tweets from AB are in my last post today.

Fri, 9 Apr 2021 @1:06

Tweets from AB, Chairman of POW yesterday relating to Molopo Farms Complex, Boswana RNS:

1]"Good nickel hits by POW in first hole tested in Kalahari drilling-the best news POW has ever had. Also good for RRR. Potential g a m e changer."

2] "And nice grades. Really nice."

3]" With Ni sulphide, what one wants to find is big SYSTEMS. Big plumbing systems. Otherwise, deposits tend to be a bit small and meh...But Big Deposits are rarely found. The Molopo FEEDER zone being successfully drilled by POW looks like a big system. Could be a Snark not a Boojam."

4]"Re POW announcement of significant Ni hits in its 1st tested hole in Molopo Farms feeder zone, people ask? "COULD THIS BE ANOTHER VOISEY BAY?" One should never answer Yes, but rephrased as "can you exclude the possibility that..." the answer would be No." 8pm+,Thur, 8 April 2021.

5] "Power Metals Resources Interview.....updated the market with SIGNIFICANT INTERSECTIONS at the Molopo Farms Complex." - 5 hrs ago, Fri, 9 Apr 2021
==
By the way re: my last post relating to a tweet by Geology Charlie, he was commenting on a question about Molopo Farms re: "Could Molopo Farms be a mini Voisey Bay type deposit?"

https://twitter.com/RRR_RedRock

GiantTrainSet
Excellent Stuff.
Conservative dimensions especially taking the lowest possible grade in the grouping.

A.B*s interview with Stockbox last night quoted:
"Terrific 1st hole WIDTH OVER 300M."

A.B [Chairman of XTR] in answer to interviewer: Cant EXCLUDE - Big enough area, BIG STRUCTURE."
=======
-------GEOLOGY CHARLIE: 2 hrs ago:-------
"Having intercepted NICKEL SULFIDES! most of the high-risk exploration work is done.
Now, downhole geophysics, re-modeling of data to calibrate and VECTOR into this signature will be KEY to GROWING O U T the DEPOSIT. Still awaiting the full spectrum of assay results for PGE*s."

https://twitter.com/GeologyCharlie/status/1380448313594548224 Fri, 9 Apr 2021
Comment to tweet on POW from Stirling Bridge [in the thread]

By the way, I tried dummy buying - no quote for anything over £500*s worth.
Fri, 9 Apr 2021 @11:34