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Yes, quite closely aligned. If the US closes at $2.50 and bitcoin is around $47 at Monday's opening, then ARB will probably open at around 180p

Look at the youtube link kiwi attached

Fair value for ARB when compared to RIOT is $10, it is around $2.50 at the moment. Thats £7.14 in the UK.

ARB is comparable to RIOT in terms of HODL, processing capacity and future plans (in fact ARB is better). If ARB share price is $3 then market cap will be $1.05b, RIOT's market cap at $51 is $3.5b. Therefore ARB is hugely undervalued, that value will probably be realised when ARB joins the NASDAQ

https://twitter.com/Deeeerin/status/1358798580367183872/photo/1

Nice to see you again. Thanks Elon!!!

He said 6 weeks to perfect a model for the next drilling program, +- 20 March. The model needs multiple inputs, including grades. He didn't say when to expect the assay results. I wouldn't be surprised if we get results from the 1st drill soon.
at 06:08 in the link below
https://www.share-talk.com/xtract-resources-plc-update-with-colin-bird-executive-chairman-xtr-l-interview/#gs.se3hy4

H 175, not 300

600(L) * 225(W)* 175(H) * 3( 3t/m3)=70.9MT

Off the top of my head, previous estimate. 600(L) * 225(W)* 300(H) * 3( 3t/m3)=70.9MT
Feb2021 estimate- 960 * 500 * 300 (hopefully) * 3 = 432 MT.... close to the AA target

I agree, but there are always blips. Anyhow hopefully racecourse has a 20 year life of mine (LoM), AA will be looking strategically. Personally, I worked in IT for De Beers for 8 years, in 2 of those years gold blipped and De Beers carried Anglo. Strange things happen. Anyhow and far more importantly XTR is is looking very good.

Great news and Iceberg many thanks for your interpretations, very much appreciated. This is looking very good on the scale of the prospect. I am very much looking forward to the results of AU at depth, this could be another game changer. AA and other large miners love having two resources in play, you never know when lets say CU is out of favour and then the other resource covers it for a while.

Not an expert, but they certainly wish to prove width and Au at depth, that will add the most value. However there is a long way to go to prove this resource fully. Iceberg who posts here added this previously. http://icebergshares.blogspot.com/2021/01/xtract-resources-bushrange-racecourse.html?m=1

If this and the next 2 drills are successful, that may be followed by a pre-feasibility study, a feasibility study, a bankable feasibility study (BFS), lots more drilling required.

Agree Thisisgood, however imagine if Amazon accepted bitcoins for payments. Imagine where the BTC price would be then and then the ARG SP.

I am very positive, my aim is for Argo to be within a 10% discount to RIOT, about £2.70 at the moment, but always remember Mike Tyson's line, "everyone has a strategy until they get hit in the face".

Great thanks Trek. If BTC price repeats its previous halving behaviour, £60 in Dec 2025.

Thanks, I am sure you are right.

Real question. LSE has ARB sells- 18m, Buys- 11m and the price is up 42%. With more sales than buys you would expect the price to go down. I realise the market makers have shares, but this doesn't make sense to me, can someone offer an educated opinion?

ARB is not buying they are leasing the servers, I thinks its $11m over two years

Nifty as I think it will be quicker as ARB is already a listed company, audited and sarbanes-oxley compliant