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XTR Xtract Resources Plc

0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Xtract Resources Plc LSE:XTR London Ordinary Share GB00BYSX2795 ORD 0.02P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.00 0.90 1.10 1.00 1.00 1.00 362,716 08:00:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 2.81M -1.83M -0.0021 -4.76 8.56M
Xtract Resources Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker XTR. The last closing price for Xtract Resources was 1p. Over the last year, Xtract Resources shares have traded in a share price range of 0.775p to 1.90p.

Xtract Resources currently has 856,375,115 shares in issue. The market capitalisation of Xtract Resources is £8.56 million. Xtract Resources has a price to earnings ratio (PE ratio) of -4.76.

Xtract Resources Share Discussion Threads

Showing 9201 to 9221 of 9225 messages
Chat Pages: 369  368  367  366  365  364  363  362  361  360  359  358  Older
As much as some folks want to downplay Bushranger, at these copper prices all of these types of copper projects globally come back into play. They have to, in order to fill the future supply gaps, although it takes decades to bring mines online. Just look at SOLG.

Basic supply and demands, not enough copper, not enough exploration been going on, not enough discoveries being made, whilst demand has been increasing....India turned a net importer of copper back in 2019, remember when China moved from a net exporter to importer of copper? India has 1.4 billion people, all wanting a better life.

Currently Bushranger has been ascribed basically zero value by the market.

This copper story has a long way to run.

the count of monte_cristo
I would imagine soon, they only just rns's the acquisition of the project, 3rd April 2024:)

Why the future for copper is shining bright | The Business | ABC News

Metals Acquisition - Looking to acquire more copper projects and mines.

the count of monte_cristo
But when will xtr start drilling?
More drilling results, this year, like this please😁

Historic Peak Silverking reported drill intercepts including 50m @ 5.47% Cu in borehole SVKRC002 from 55m to 105m depth. The hole stopped in mineralisation. Mineralised intercepts peaked at 52.2% Cu over a 1m drilled interval.

the count of monte_cristo
Yes, do share it when you have the time. Thanks.
the count of monte_cristo
We await the BR costing then. Thanks L5 look forward to reading it.
Count. Just for interest, I did a simulation for GGP's Havieron PFS for 30% higher costs

Turned out that for same gross profit @ its existing(initial) 50% margin and same volume, gold price needs a 15% increase - ie from $1,850/oz gold in the PFS to $2,127/oz

But with 30% capex increase on top, gross profit must increase 20% for same 5% NPV - ie gold price must increase a further 10% to $2330 - a 26% gold price increase frm the 2021 PFS needed just to stand still.

Total back of envelope of course and for a 9 year LOM (would be different for different LOM and initial gross margin) and needs more production profile detail. But it shows the sort of scale that must be affecting all pre-development projects.

(and one reason why commodity prices will have to increase substantially if they are to be mined.)

I could do one for BR's scenarios, but no time at present

Fair points, hence why Bushranger is a parked for the moment. Bushrangers will have it's day in the coming years as the demand for copper increases, just have to wait. Meanwhile they focus on Zambia.
the count of monte_cristo
Count that's all very well. But even the best scenarios are pretty marginal, and since the study (when were capital costs fixed ?) all mining costs have rocketed. (viz poor old HZM). I would guess copper needs to be > $12,000 to arouse serious interest. But when that happens, many other prospects - probably bigger - will be coming under acquirers' radars too. Location will help though.
Well GLR have just received almost 3m GBP.
the count of monte_cristo
Holding nice these used to 10p LOL. It's another AIM dog always has been, be carful with Count Dracula and his daily ramping he has form on other boards. Loads have lost a fortune with him and his vampires at work
CB seems to have been on Social Media recently punting Galealio quite a bit
chris cat
Well XTR holding up very nicely, certainly in comparison to some stocks which have been ramped by certain posters, one of whom continues to visit this board. Embarrassing really.

Looking at CB's stable of companies, I think XTR has the best prospects, it certainly has the strongest financial position out of all of them and is in control of the projects as a result of the cash position. CB loves to drill, so should be quite a lot of news flow this year as a couple of the projects should see drilling. Especially excited about the Western Foreland licenses.

the count of monte_cristo
India is going to have to do what China did 20 years ago, which is to start buying up copper projects and mines globally. With that focus being on Africa, and the copper belts. Plus. I'd say some deals in the Philippines too.
the count of monte_cristo
How are your 30 posts a day on EEE going? Are you still posting that it will go up everyday😅29315;
the count of monte_cristo
Ramping Dracula!!!
Added this to the header:
the count of monte_cristo
Coming to the copper price that makes Bushranger look a lot more interesting, needs money spent on it. Could get a nice sale price for this asset as the copper price continues to strengthen.

P.S. I post as TCMC, nobody else. It is always the posters who go around accusing everyone else of having multiple aliases who are the ones who do that. They think that because they do it, everyone else does. Fact is, most of us simply cannot be bothered logging in and out, we aren't all losers with no life:))

6 November 2023

The current Racecourse Prospect Mineral Resource has the potential to be economically mined at mining rates of 20Mpta, or greater, and at copper prices of US$10,000/t and above.

The Company believes that the discovery of the Ascot prospect porphyry copper deposit (see RNS 9 December 2021) confirms that the Bushranger Project hosts multiple copper-gold porphyry systems and further new discoveries could significantly enhance the economics of the overall Bushranger Project.

the count of monte_cristo
08:47 Thursday.
"Copper below $9,500 per ton is now cheap, according to analysts at Citi, who have raised their forecasts to an average $10,000 in the fourth quarter of this year and $12,000 in 2026.
Many other analysts are doing likewise. Reasons to be bullish include supply constraints, a turn in the old manufacturing cycle and an acceleration in copper-intensive energy transition sectors."

Bushranger back in business ?

Exploration starts up in April / May, after the rainy season ends. Expect the copper news flow to move this, but you are too thick to know that....but probably buying here and following me. I mean, why not were asking my advice on EEE at 2p...then 4p. Such ingratitude.
the count of monte_cristo
Chat Pages: 369  368  367  366  365  364  363  362  361  360  359  358  Older

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