Member Info for theiceberg

A certain market maker tried to keep it at 4.2, but didn't really have any shares.

Still sweet fa to buy on automatic execution. Even £20 worth is at the full ask. Maybe one reason why there is so few trades.

Just my opinion and obviously folks can say what they want.
They have been really open about everything. They've gone to the trouble of getting the open pit design to help understan ding.
They have two diamond rigs, drilling at full speed adding more mineralization to the open pit.
We've got the first hole finished.
The first hole drilled, is still going because it hit more mineralization than they thought.
The resource is in probably the best location in the world.
We are already on the second major drill program of the year 7 months in.
They have committed to assays far far quicker than before.
The team seems to be very focused and experienced, not your normally Bird shoe string.

're the 2mt , I think he hinted it was still on, the issue though is the amount of drilling that I'll be needed by drilling 800-1000m holes. By going open pit they can get noticed more quickly.....nothing wrong with that. Also then if Anglo don't want it, xtr get more easily, others interested with a pre packaged project with known fundamentals.
Let's be clear if the biggest problem is only 900m tonnes actually mined equal to 6-7 billion dollars, then I am happy to have that problem with a company with a 45m mcap.

I can buy a entire £50 at 4.2.

https://audioboom.com/posts/7914222-trader-s-cafe-with-zak-mir-colin-bird-executive-chairman-xtract-resources

Yep New interview from 30 mins ago. Hole 1 going deeper than planned….so more mineralisation than planned, I think he said thicker. It can only be good

It all looks good doesn't it :)
I think its important to remember that ALL these drills are about adding tonnage, and certainly the first round of the second phase are all in the open pit. So any drill that finds more than 100m of good grade copper is adding considerable tonnage.
Can't wait for the assays but the drills themselves are spinning nicely.

Who knows what will click the market? :)
The open pit plan adds value, but it's probably just a structure that the drills will hang off, hopefully some good drill results will see value.

Discount to npv is xxx of the value so a 20% discount of an npv8 of 100m is 20m, so you would value it at 20m.
The discount is risk specific. I.e a pfs in Canada might have a 25% discount, a pfs in s.Africa a 15% discount, a pfs in Aussie 30%. But the size of capex, how many different minerals, lom, will all impact the npv as well.

I had a section for this, but took it out as I wasn't confident. Maybe 20% discount to npv 8. But it depends on confidence, jorc etc.

https://icebergshares.blogspot.com/2021/07/xtr-xtracts-bushrangers-first-class.html

I've tried to put a few thoughts, many of which are self explanatory and known into a blog. Hope it helps anybody. Also the bottom table which hopefully adds some context (figures my own).

Cheers

Pyrite and magnetite type rocks can cause a false postive, essentially the shell of the intrusion can be full of false positives..this is why a detailed understanding of where the mineralization is in the shell, is so important when looking at the IP maps. It's why you put very little faith in them without exploration.I
Thankfully we understand it now due to the drilling and phase 1 cores. Nothing is certain, but it's far, far more likely.

Oh fft, your such a tool.
Firstly be careful about A$ and US $, secondly, as has been said this is pre Xtr based. Thirdly your comparing total capex, with pre production capex. These are just for starters..you come on here occasionally show how little you know about things and disappear again until you've found something else that doesn't make sense.
Oh dear...

Yep majors don’t like variables that naught turn negative. Thankfully there seems little chance of this happening

Finally had a chance to listen and watch the podcast. Sex plenty as others have said. I can't remember a company giving quite as much information as this prior a drill campaign and not in a PFS or DFS.not
Fantastic!

I think straight away there were a few folks that didn't understand the study. Hopefully now they do.

Xeiger, nothing firm set, just like they can use an npv of 12 or even 6 (normally it's 8 in the current climate)
A reasonable current range might be 3.9 to 4.8. Personally I would like to see it kept at around 4 -4.2 long term modelling purposes then there is plenty of upside, but an increased jorc should more than cover this.

I must admit, well done to XTR for being open and honest with the figures, so many AIM companies would just give you the headline figure (NPV of $240m), but keep the scenario's private.
Firstly an NPV8 of $240m is pretty damn good going. Considering this is based on a JORC that was done before XTR were even involved.
Total Capex of something like £750m for the project, probably equates to £400-500m build CAPEX. So we are not talking about a mind blowing CAPEX to get started. Further refinement etc would probably bring this down to 350-400m for a joint copper and gold project that's very very cheap.

Having the figures makes it really easy to see how much value WILL be added by XTR and here it's LOM imo. doubling the tonnage, but keeping the mill rate at 20, will have a small effect on CAPEX, a slightly bigger ongoing cost increase, but will massively increase revenue and so the NPV8 figure.
Put simply a fag packet estimate would be that a doubled JORC will increase NPV from 250m to 450m. We are probably looking for a JORC 4 times the current one , as a minimum, which would be increasing the NPV to over a Billion.

It shows very clearly they an increase in JORC will mean this will be mined. You would have to be an idiot to think we havent't already increased the JORC, now when holes 1,2....8,9 etc are released we can literally add up the effect on the NPV and how it benefits us.

One side note would be that although they deserve praise for the details, the presentation from, an easily recognisable WOW, is not so good. This is fantastic news IMO and supports everything that has been said about Bushranger and its potential.

Seems like the usual traders\posters have sold and gone to other shares. I am not unhappy about that to be honest. Whenever they buy back in it raises the SP by 30%. Forgot a feeling they will be buying back in very shortly.