Xtract Resources Share Discussion Threads

[the count of monte_cristo] 07/10/2021 11:32

Two takeaways from todays RNS for me, firstly that the extension to the northwest is great news, drill hole 20 should help to confirm this. Secondly, they are getting better at predicting the occurrence of mineralization which will make them more efficient in time and money (drilling is expensive). Steady as she goes:)

- The result from drill hole BRDD-21-018 confirms that the Racecourse copper mineralisation extends to the northwest beyond the limit of the Inferred Mineral Resource and is open to the northwest.

- The results from both drill holes BRDD-21-018 and BRDD-21-019 suggest that the low resistivity anomalies detected by the May 2021 IP geophysical survey do correlate well with areas of increased sulphide mineralisation.

[papillon] 06/10/2021 17:41

free stock charts from uk.advfn.com


3 month COPPER chart showing Heikin-Ashi candlesticks. The price is trending sideways, but it is apparently receiving support from the 200 day EMA, which is still trending upwards, but showing signs of flattening out. The 50 day EMA is still above the 200 day EMA which is a good sign. Unlike the bearish chart for GOLD where the 50 day EMA is below that of the 200 day EMA and both are trending down.

[denjon] 06/10/2021 14:05

CMC...thanks.I forgot that essential annoying action.

[the count of monte_cristo] 06/10/2021 13:45

Denjon, if you captialise the 'tt' in http the links will work, not sure why ADVFN bother to do this but they block the http link so you have to alter it.

[the count of monte_cristo] 06/10/2021 13:44

A.K, nice to see you on here, I am very chilled been here since the beginning of the XTR involvement with Bushranger and own millions of XTR. I disagree, if the markets crashed copper would be sold off as well, why? Because if the markets crash then it means the demand (perception) for construction and 'things' will be hit, therefore copper will decline. Look at the copper price now, it's not as strong as earlier this year, mainly because of what's going on in China.

[denjon] 06/10/2021 12:38

Can't post the link to article 'Visualising Copper's Role in a Low-Carbon Economy'
an article in Teck. Worth checking it out.

[denjon] 06/10/2021 12:34

[...]


We have deficits over the course of 2021 and next year. Inventories will be run down to very low levels, we believe, by the middle of 2022.”

—Nick Snowdon, Commodities Strategist, Goldman Sachs

[a.k] 06/10/2021 12:21

If the markets crashed copper would still be in demand.chill?

[the count of monte_cristo] 06/10/2021 11:45

The only worry I have right now, although it would actually be great for those with a long term strategy, is that the copper price takes a tumble combined with a market crash resulting in a mass sell off of all stocks. Apart from that, the future seems excellent for XTR.

[the count of monte_cristo] 06/10/2021 08:46

Thanks for some of the private messages, it is appreciated. Yesterdays presentation by Legacy minerals is helpful to give an idea of what is going on around us, as you will see major players are active such as Glencore and obviously Sandfire which CB knows very well.

Legacy Minerals Managing Director Chris Byrne presentation from the NWR Resources Series.



My thoughts...

I haven't previously mentioned this but will do so now, if you look at the assay results released on the 28th Sept there were some fairly high grade copper results along with that gold intercept of 12m @ 0.6 g/t Au. It's my opinion that further such results will continue to be found as the team understand the deposit and some of these could be very exciting. Worth reading about how at first Cadia-Ridgeway was thought to be a nothing project. CB has also now mentioned for the first time in that YouTube interview about how he thinks the resource could end up as a billion tonne copper deposit.

As the Tech management used to say about their copper exploration and mines "We know how small it is but we don't know how big it is"

[the count of monte_cristo] 05/10/2021 13:42

When will the prove up the 2mt or get to a position to mine? Not that far off...

[avsome1968] 05/10/2021 10:01

How long is a piece of string?

[joycey1882] 05/10/2021 09:07

What do we think is the timeframe for the inevitable sale of XTR?

[the count of monte_cristo] 05/10/2021 07:58

None of the noise actually matters, the day to day, week to week movements, just wait until the end game which will be Bushranger being sold.

[goforgold1] 05/10/2021 07:47

You still going to get flippers and day traders holding this down as well . 5% hold today with price would be happy with that.

[goforgold1] 05/10/2021 07:46

To be honest looks like we might have turned the corner now. October should be an interesting month . I said before i wait till November which i still will . Chart has broken out should reach 5.60p last fund raising price CB bought million shares as well around that price too. JUST HOLD WAIT

[picardy] 05/10/2021 07:45

All pieces come nicely together.

[the count of monte_cristo] 05/10/2021 07:41

Mentioned this earlier in the year about Hudbays takeover of Augusta Resources as a valuation comparison for Bushranger, so it's interesting to also hear CB mention this and make the comparison in the recent Sunday Roast interview.

financialpost.com/commodities/mining/augusta-resource-corp-agrees-to-hudbay-minerals-inc-sweetened-takeover-offer

[divmad] 05/10/2021 07:38

Just saying that the African assets will no longer be a drain on cash, will be a result here.

[goforgold1] 05/10/2021 07:05

Colin Bird, Executive Chairman said: "Production levels increased during the 2nd quarter of 2021 and continued to increase during the 3rd quarter. We look forward to the contribution of the hard rock mining as the adit advances at Guy Fawkes and mini open pit commences production at Boa Esperanza.

[brasso3] 05/10/2021 06:04

The chart is starting to look like Dec 20/ Jan 21. I think this will be pushing new ATHs before year end.

[the count of monte_cristo] 05/10/2021 05:58

From 2-3m mins in CB...

[the count of monte_cristo] 05/10/2021 05:09

Like I said back in August, Oct will be a very good month for XTR. I'm not up for sharing my research on here anymore but will repeat what I have been saying from the start, that Bushranger is going to grow exponentially and become a very valuable asset which will eventually be sold for the 100s of millions. If you have the patience, imagination and bother to do research you will be rewarded here.

Everyone investing in mining and exploration should have this on their bookshelf. Pretty sure some people on here will say they don't have time to read or want someone else to do it for them, but for the ones that do want to learn this will be helpful:)

The Mining Valuation Handbook: Mining and Energy Valuation for Investors and Management 4th Edition, Kindle Edition
by Victor Rudenno (Author)