Xtract Resources Share Discussion Threads

[papillon] 20/10/2021 19:16

TCofMC mentioned the Pebble Mine earlier.

"The last resource estimate for Pebble, as at December 2017, was a measured and indicated resource of 6.46 billion tonnes of ore grading 0.40% copper, 0.34 g/t gold, 1.7 g/t silver and 240 ppm molybdenum. Contained metals in the resource (at 100% recovery) were 56.9 billion pounds of copper, 70.6 million troy ounces of gold, 3.4 billion pounds of molybdenum and 344 million ounces of silver. The estimate used a 0.3% copper equivalent cutoff.[21]

As of August 2021 gross value of the contained metals, 57% was from copper, and 27% from gold and 14% from molybdenum. Co-products including silver, rhenium, and palladium might also be recoverable.[21]"

[papillon] 20/10/2021 17:46

Current Mkt Cap of SOLG is £607m and the current Mkt Cap of XTR is only £46m.
In the summer the Mkt Cap of SOLG was over £800m.

I'm filling my boots with XTR shares; if only my boots were bigger!! 🤣🤣

[the count of monte_cristo] 20/10/2021 17:09

I'm expecting much greater share price moves as people start to fully grasp the story here, with funds or much larger investors start coming into play. Currently, not including the directors, we have nobodies (sorry) on the list of shareholders:) The chart right now is very appealing for a base for much larger moves, just my humble opinion.

Today I compared Caravel Minerals, well our project is rapidly improving and will probably soon overtake that project in terms of grade and quality, yet we are sitting at half the price and we also have a small producing gold mine and near term copper producing projects in Zambia and all they have is additional exploration projects.

[the count of monte_cristo] 20/10/2021 16:54

It's higher than what we have at Bushranger and very, very large. But you have to factor in other things. It has been 10 years since they discovered Cascabel, still probably a minimum of 5 years until any minerals are produced, probably more likely to be 10 years. Look at the Pebble project in Alaska, that project alone could account for a significant proportion of the US's copper needs, yet 20 years on and it is even less likely to turn into a mine now.

There is having a deposit, and then there is having an economic deposit which will get built and then one which will get built in the near future:)

[papillon] 20/10/2021 16:47

Look at the copper grade at SOLG's massive Cascabels porphyry resource. Just 0.53. That backs up what TCofMC and TD have been posting about these massive porphyry resources. Hopefully XTR have another potentially massive porphyry resource!! Fingers crossed!!

[the count of monte_cristo] 20/10/2021 16:44

Nice spike up:)

[papillon] 20/10/2021 14:38

Fill yer boot's!! The good news keeps coming!

[jeanesy] 20/10/2021 14:31

Yet another positive update. News coming thick and fast

[the count of monte_cristo] 20/10/2021 14:23

In a world where copper deposits are becoming harder to find and the demand for copper is increasing...

[brasso3] 20/10/2021 14:21

The jigsaw is coming together piece by piece. Excellent communication from XTR.

[qazwsxedc69] 20/10/2021 14:19

And still we grow...........:-)

[all in eol] 20/10/2021 14:11

News out.

Colin Bird, Executive Chairman Said: "The objective of drill hole BRDD-21-020 was to test the potential extension of the existing Racecourse Inferred Mineral Resource to the northwest and we have intersected a thick interval of copper mineralisation demonstrating that the copper mineralisation does in fact continue to the northwest beyond the current limits of the Mineral Resource. Drill hole BRDD-21-021 was drilled in the centre of the resource to follow up the best intersection on the project to date, in hole BRDD-21-008, and again produced a very good intersection of 340m of visible mineralisation in the central portion. As we progress with the Racecourse Phase 2 drilling programme, we are increasing our understanding of the overall shape of the mineralisation and the orientation of the higher-grade zones. The next series of drill holes are advancing well with hole BRDD-21-22 designed to test the plunge of the mineralisation after intersecting the higher-grade crown at the top of the deposit."

[papillon] 20/10/2021 11:19

As usual an excellent post, TCofMC. I have a very small shareholding in ALS and the share price rose from circa 60p to peak at 80p initially on the proposed royalty which was subsequently finalised. I read the links before. The Casserone mine has had lots of problems since it started production and has only just recently settled with the union following strike action. The thing that really attracted my attention about Casserone was the average grade of copper at just 0.34%

[goforgold1] 20/10/2021 09:58

Need News again now . Should be an RNS this week as well which should give a better idea of size and resources

[the count of monte_cristo] 20/10/2021 07:37

Caravel Minerals now capped at 190m AUS$ (approx 103m GBP). More than double XTR's market cap



Altus Strategies (ALS) raving about it's first royalty payment from it's 0.418% NSR royalty from the Caserones copper mine in Chile. You can imagine the value of Bushranger if it reaches a 1bt project size (as noted in slide 11 of the Oct pp)

[the count of monte_cristo] 19/10/2021 12:18

People forget we have three copper projects, two small high grade and one ever growing monster.

[the count of monte_cristo] 19/10/2021 12:12

He doesn't understand the difference between a low grade copper porphyry and a small high grade copper deposit. Kind of frustrating that people on here still don't seem to understand, even after 10 months of discussions and information posted on here, especially when they apparently worked in the copper industry in Zambia, lol:)

The Ming copper mine is small, relatively high grade, although nothing special, it has also had problems and RMM have struggled to keep afloat.

If you want high grade, we have that with our Zambian assets as I detailed above. Plus the Eureka grades are close to surface, take a look at the 20th Sept RNS, from just 14m. Whereas RMM are drilling underground at Eureka we simply need to remove the overburden and truck it out.



New assay results include:

o 22m @ 2.53% Cu from 7m depth, including 14m @ 3.71% Cu from 14m depth in vertical hole EX-023 sited 30m northwest of the historic shallow open pit


o 2m @ 5.04% Cu from 40m depth within a wider zone of 21m @ 0.84% Cu from 38m depth in angled hole EX-014 sited 70m beyond the historic pit boundary

[jjb71uk] 19/10/2021 11:01

'count, are these the sort of grades you say you never see anymore. The following just announced today, yes today at Rmm in Canada.
R21-785-17

-- 5.00 metres at 1.93% copper
-- 11.00 metres at 4.32% copper, including 5.00 metres at 8.45% copper
-- 48.59 metres at 6.30% copper'

But look how short the intersections are - XTR have 100's of metres of commercial grade copper starting at intersections as shallow as 11m.

[the count of monte_cristo] 19/10/2021 10:57

These so called experts on here, they don't even know the difference between small high grade copper projects and massive low grade copper porphyries which supply most of the worlds copper. If you want to compare the Ming mine, then compare it with Eureka. Our recent grades there are excellent.

[the count of monte_cristo] 19/10/2021 10:47

Are you purposely mis quoting me? Lol.

I saw those RMM drill results, what about the below drill results from another copper company, what do you think of these?

o 22m @ 2.53% Cu from 7m depth, including 14m @ 3.71% Cu from 14m depth in vertical hole EX-023 sited 30m northwest of the historic shallow open pit

o 2m @ 5.04% Cu from 40m depth within a wider zone of 21m @ 0.84% Cu from 38m depth in angled hole EX-014 sited 70m beyond the historic pit boundary

· Adjusted assay intervals in angled hole EX-022 average 4.82% Cu over 27.0m (circa 18m true width), including two 9m sub-intervals assaying 7.71% and 6.33% Cu

· Other intervals of note include 17m @ 1.90% Cu in hole EX-010 at the south-eastern end of the deposit and 23m @ 1.43% Cu in vertical hole EX-020 north-west of the old open pit

...They are from our recent drilling at the Eureka project in Zambia. Cinoib, you must have been an incompetents worker when you were supposedly employed in Zambia in the 90s.

[cinoib] 19/10/2021 09:43

count, are these the sort of grades you say you never see anymore. The following just announced today, yes today at Rmm in Canada.
R21-785-17

-- 5.00 metres at 1.93% copper
-- 11.00 metres at 4.32% copper, including 5.00 metres at 8.45% copper
-- 48.59 metres at 6.30% copper

[the count of monte_cristo] 19/10/2021 09:22

I just get the feeling, based on the current market interest returning to the unloved resource stocks, recent copper price movement and news due on the assay results that we could be due a big move.

I also think it would make sense for some smart fund managers or investors like say, Sprott, to be running the rule over the company with a view to acquiring a stake in it. The beauty is that we don't need to sell ourselves as we have the funds right now so don't need to drop our pants to these types of money managers looking to get in cheap compared to us normal PI's. If anyone wants stock, they need to buy it in the open market. If anyone wants to build a stake, they need to purchase it in the open market. Feel free to disagree with me here, just my opinion.

[the count of monte_cristo] 19/10/2021 07:26

Thanks for uploading, well actually Papillon added it on another bb, which is where I saw it, so we have him to thank.

[all in eol] 19/10/2021 07:25

The Count of Monte_Cristo19 Oct '21 - 03:38 - 3150 of 3151

Done, thanks for keeping me on my toes.

[the count of monte_cristo] 19/10/2021 06:55

Rick Rule discussing copper during the latter part of the interview.