Xtract Resources Share Discussion Threads

[goforgold1] 14/10/2021 07:23

There is a gap up to 6p now . If you look at chart strong buying should move this to over 6p . Could be today or Friday more news due as well . Copper moving up in price Gold to .

[jwafc] 14/10/2021 07:20

Excellent, more money for 'oles! It's coming together nicely here.

[the count of monte_cristo] 14/10/2021 07:11

Yes increasing gold output just as PoG starts to move, XTR is not a one trick pony, once we get the smaller copper projects producing we will be generating significant amounts of cash. Alkane Resources has a half a billion market cap on the back of its Tomingley Gold mine and the drill results for Boda.

[goforgold1] 14/10/2021 07:09

Another RNS 46% up Colin Bird, Executive Chairman said: "The quarter ended 30 September 2021, was the third best period for production since we commenced alluvial mining at Manica and production in September 2021 was 46% higher any other previous month. Our policy is to have a number of sites operated by different contractors and continue on this basis into 2022. The Fair Bride and Guy Fawkes hard rock projects are both advancing satisfactorily, and we look forward to increased production from Guy Fawkes in the final quarter and initial production from Fair Bride towards the end the of 2021."

[the count of monte_cristo] 14/10/2021 07:04

Diddymen - you were correct about an RNS coming.

It is a worthy question and one worth thinking about. It might take six months or more to list the shares on the ASX, in my opinion by that time we maybe a lot closer to selling Bushranger, so one could speculate that by the time we would be ready to dual list on the ASX, Bushranger may have already been sold or be close to it. Just my humble opinion.

[the diddymen] 14/10/2021 06:22

CMC, I agree that you would normally take a second listing to raise capital. The thought was that those exchanges have mining specialisms and a savvier mining shareholder. There might be advantage. It was a whimsical question!

[the count of monte_cristo] 14/10/2021 03:26

The precious metals look to have bottomed out now, remember that Bushranger is a 'copper-gold' project and may become a decent gold producer, in addition to copper. If anyone hasn't heard of Chipperfield he is a very well respected poster and does some outstanding analysis on stocks, here is a link to his thread.

[the count of monte_cristo] 14/10/2021 02:18

Not the TSX, but the ASX would make sense due to the Bushranger being in Australia. However I don't think they need to list because companies do it to gain exposure to more capital markets, we won't really need much more capital and it is a distraction for the management to process all the paperwork, it takes time and we all know the end game here is really a sale of the project for 100s of millions.

[the diddymen] 13/10/2021 20:47

joycey I would also like to see the IP anomoly and how it fits.

The biggest anomoly at the moment is probably between a risked asset value of XTR and market valuation! Earlier Paps was indicating (from the charts?) that the price could test previus highs around 8p. In my view the price will be determined by XTR communications and potentially the more maverick of the institutional investors.

Would the share benefit from exposure to the ASX or TSX?

[papillon] 13/10/2021 18:53

Yes Divmad, the next 12 months could be exceptional for the XTR share price 5 bagger, 10 bagger, or even 20 bagger? Take your pick. Fingers crossed, as always.

[joycey1882] 13/10/2021 18:27

Yeah those red shaded areas on the map look quite intriguing. Low resistivity high conductivity i.e copper. Nice.

[the diddymen] 13/10/2021 18:17

I suspect that CB will have a bit to say tomorrow that will give direction to the price. I was staggered at the spread of the drill pads for ph2 of ph2 on the RNS pdf. This is enormous.

[brasso3] 13/10/2021 18:17

Nice breakout on copper. Should really move now.

[divmad] 13/10/2021 17:58

From the discussion over on the other site about Cu values in the ground, 8p would be in the foothills of where the share price could go.

[papillon] 13/10/2021 17:45

Gold and copper both storming ahead today. Gold currently up circa 2%, but copper up around 4%
Bearing in mind the excellent news flow from XTR and looking at it's chart it looks possible, if not probable, that the share price will retest the early January high of over 8p and before the end of 2021.

[denjon] 13/10/2021 17:38

Almost 4 million shares traded. A fairly solid performance.

[the diddymen] 13/10/2021 16:22

Haha lurker - well spotted!

Just looking at the spread - it seems to be a feature of a rising price and is over 5% which will inevitably slow down trading.

[lurker5] 13/10/2021 15:18

Well Brasso !If they get oil as well, that will throw 'petrol' on the price ! (So to Speak)

[denjon] 13/10/2021 14:55

+0.236p now. Buyers returning. More news imminent?

[the count of monte_cristo] 13/10/2021 14:36

Below is the location of Bushranger if you want to have a look around it in Google maps, Street view along Dogs Rock road is possible. I have also added Cadia below, huge mine!

Bushranger -

Cadia Hill mine -



Location
• Eastern NSW
• 200km west of Sydney
• 60km south of Bathurst

Infrastructure
• Sealed road through project.
• Major transmission powerlines
• 5km to Oberon Dam
• 25km to rail head
• Ports: Newcastle or Port Kembla

- Historic Mining District
- Freehold with minor areas of crown land
- No Native Title claim exists over the area

[denjon] 13/10/2021 14:25

ii currently showing share price +0.135p.

[chris cat] 13/10/2021 14:20

Thanks Steve, Much appreciated

[steve4077] 13/10/2021 13:54

We do have ready cash. From an RNS 2 weeks ago:

"Upon reviewing those cash flow projections for the forthcoming twelve months, the Directors would not expect for funds to be raised through equity raisings, or require additional financial resources in the twelve-month period from the date of authorising the consolidated information to enable the Company to fund its current operations and to meet any future commitments in the event that the Company decides to continue with further exploration work including drilling campaigns in Australia and Zambia."

[chris cat] 13/10/2021 13:39

I assume that we have the ready cash (Or can generate it without placing / loans) to pay for the additional drilling? Must admit I haven't fully applied my mind to XTR just yet and jumped in on a little research and a bit of a punt. First miner that I have invested in (courtesy of a heads up from Brasso) and trying to boost my knowledge a bit. Really appreciate the insight from the count and really found the last presentation with the 3D imagery fascinating and very clear

[the diddymen] 13/10/2021 13:23

CMC agreed re the other targets in XTR and in Bushranger.

I also think that they should wait on a JORC, but they can update the open pit model albeit it is not a basis on which most institutions would invest.

Communication of value is not easy!