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Indeed, both BHP and Rio down over 5%, a lot of smaller miners and explorers down even more.
Xtr is doing well in comparison.

Pop

I can completely concur. It’s 4.06 to sell as much I like but JS at 4.1.
I Don’t mind it too much as it will jump when it moves to 4.1-4.3 maybe even 4.2-4.4.
Imo if anybody wants to buy it’s probably worth putting in an NT with a 4.2 max as that will still be less than when it pops

A late report sell at 3.7. A negotiated sell by somebody who wanted money today for whatever reason. All done in the closing seconds. A mistake that cost them a clear 5-10%. Hope they learnt their lesson.

I've had a busy day today so haven't had much time to really read or digest todays news.

Eureka:
Still the same thoughts as I had when I wrote this months ago. https://icebergshares.blogspot.com/2021/05/xtract-resources-xtrs-eureka-maybe-i.html
We still have the main questions i asked in the blog. Do we have the IOCG ? if we do Majors will come swarming. When will be get revenue? If they are truely production ready then we should get 200k a month by the end of the year. The bulk processing will test nicely the recovery rates. Some very good drills such as 10. all shallow, good grades, loads of tonnage, probably enough to push what we have already to say 1m a month.

Bushranger: I was wrong about hole 15. It really was in the far NW of the pit. Both new drills have continued to hit several hundred metres of strong copper. With loads of expansion of the zone. (It will be fascinating to see if the lesser Chalcopyrite contains .15 - .2 CU so it can be included, massive if it is.
We are still waiting the obvious assays though.

Podcast: Not the best IMO. I contacted empress, I get the feeling production will start early to mid Nov.

XTR is very much a cracking company on the verge of going mainstream.

It's a good RNS no doubt about that. Lots of quality excellent grade copper nice and cheap, shallow.
Some intercepts which other copper companies would be shouting from the roof about and building their 20-30m mcap company on.
I've got a feeling what the market really wants is news on when the bulk sampling and processing will start and the what the associated income will he. Or the deeper potential massive sulphide .
Still nice though and maybe an interview later will confirm more.

Yep but it was NW of hole 14, hole 14 in turn was in turn se of the open pit ( outside of the open pit). Imo it's moved NW , into the open pit area, but still in the se of the pit. Of course this is just a guess. Imo it makes sense for the drills to finish drilling the line of 4 holes in the se, so that XTR can model the juice but of the open pit. Then send one drill to the far NW, and the second to the newly discovered se ext outside the open pit.
All guess work though!

Hopefully we have the first assays from hole 7 (BR7 - the first hole of the second drill campaign).
We also have the drill completion reports of 15 and 16. (imo both are-will be, in the south of the open pit with the aim of increasing shallow tonnage. Due to this both are important as to the shallowness of the mineralisation and the length of reasonable quality copper.
After this time, hole 17 or 18 will be in the core fo the SE extension- sheared new zone.

Assay results of 007 will be interesting, as we can compare the assays with the terminology of the geologist at the drill description. Any gold will be additional and welcome, but the copper will be key.
Once we have confidence in the descriptions of the drills, we can start to ascribe meanings to holes 8-16!

T2 has literally complained about every single one of his investment s in his short posting career. (apparently)

I like his views on hole 13. As I said yesterday 13 has not been understood at all by the market, it’s massive length and shallow nature are massive.
It was imo the reason he brought.
13 is more important than hole 1

I think they are trying to under promise. With the jorc intrusion they will know roughly what poor,good,moderate,strong mineralization looks like. The new intrusion will be \might be very different i.e higher or lower copper value as a percentage of chalcopyrite.
Whether Colin has a sneaky xrf reading or two and has an idea is another matter......

Ella I agreed It was well written, no hype, under promise and over hopefully over deliver. I also think hole 13 has been massively missed by the market, probably the biggest miss of bushrange r. 300m of economic mineralization in width near surface is massive. It's also where the open pit would be started, providing income very quickly.
Shorn, agree with that porphyry targets tend to just get bigger or peeter out. This is definitely getting bigger. :)

There are many aim companies that are trying to sell the fact that they have the potential for hundreds of metres of copper etc
We don't have the potential, we have the drilled real deal.

I really don't have time for a blog.
But.
Hole 13: 300m of moderate to strong mineralization at a rough depth of 40m to 200-250m all in the shallower section of the open pit. (That's huge!)
Hole 14: is the hole on the bottom right hand corner of picture 3 from my last blog. It clearly only touches the very edge of the IP, given this, the alteration and copper as well as pyritexxx minerals is frankly incredible 're potential.

Tbh, the holes are of lengths and description at the far edge of what I hoped for, beyond what I though they would be.

It's all in the assays now, (.15-.3) for hole 13 and (.1-.15) for hole 14 is what I would be happy with.

And the copper keeps adding up!
The cores are being dispatched for assays.
Expansion is occurring.
The open pit gets more profitable at lower costs.
Can't wait for the assays only 2weeks to go.

Lse not showing the 300k late report trade that pushed the price up this afternoon. Very much still the case that any buying raised the price.

no althought the 6th of sept is, as its labor day.

I am more than happy for xtr to wait until tomorrow. Today has seen a lot of resource RNSs
Fwiw I think tomorrow will as well!

I would be over the moon with 400m. The se is generally the shallowest part of the pit. I Am really expecting news between today and friday. Any visible strong copper would be perfect.

So he's spent more money shares in the open market this year for XTR, than he's been paid in wages....
Hes a canny old boy and has waited until the end of Aug, just before the potentially massive extension drills and assays till in come september...

For probably the two biggest drills since holes 1-3 at BR. Currently drilling.....