Xtract Resources Share Discussion Threads

[the count of monte_cristo] 03/1/2022 14:38

Well it's thanks to Buzzarn as he gave us all the heads up on this and was kind enough to post the link.

With XTR we already have a top 25 Aussie copper deposit, in that 2012 JORC, and now what is shaping up to be a world class copper project on the backdoor of Sydney and it's a long life open-pit operation with excellent potential for more porphyries, everything a major looks for in their dream list. The real speculation in XTR has yet to begin and may surprise even the most bullish of shareholders on here. I can't see AA passing up on this, it's just what they want and importantly, need!

KAV - They need to show something in the drill results and prove something with the assays, it's exciting but they need to show something tangible. If they do then the speculative mania will enter and that's when I would join in, going into it fully understanding that I would be buying in to take short term gains as the share price goes crazy. Until then I will be an interested by-stander.

[theman8] 03/1/2022 14:19

thank you Count !! that's what I was hoping for especially after listening to the interview with CB.
What's your thoughts on Kavango Resources ?

[the count of monte_cristo] 03/1/2022 14:01

buzzarn, thanks for sharing. CB answers many of the questions some PI's have been posting here; a quick list of my notes from this...

- Ascot will fundamentally change the size and scope of the project
- Potential for multiple porphyries requiring their own open-pits, to see what this may look like see link below and slide 8
- AA talks won't be far away
- Gold production will be generating significant revenues, I personally am bullish on gold and this could come right at the time when POG starts to move
- Copper deliveries from the Zambian projects will also start generating revenues
- Kiwara sale (US$260.2 million / GBP157.6 million) was done in a much less mining friendly country over a decade ago and when the copper outlook was nowhere near as strong as it is now
- Drilling was significantly under budget, no need for any imminent placings



1blazer, hence why I said "well above 20p", could be double that, still quite a few things need to fall into place but everything is moving in the right direction.

[guyshelby] 03/1/2022 12:49

You were certainly not wrong there Buzzarn what a corker it was.

[buzzarn] 03/1/2022 11:54

New Colin interview released todayhttps://audioboom.com/posts/8006238-the-sunday-roast-presents-12-stocks-for-the-12-days-of-christmas-episode-10-xtract-resources

[1blazer] 03/1/2022 11:53

Thanks Count I just felt with Ascot now and possibly another would have been substantially more. If that is the case the selling price would be £250mil I just thought it would be worth more .

[the count of monte_cristo] 03/1/2022 09:40

1blazer - Well above 20p

[guyshelby] 02/1/2022 20:15

Was Colin’s African pioneer on 12 stocks for Christmas (Sunday roast) yesterday briefly mentions xtract at very end on 22mins

>>”A big Christmas present now……in extract we’ve got two porphyries to go and another porphry won’t be it……so another discovery in one of our copper projects.”

Think there may be a clue in there somewhere
I posted this on lse too

[aimmafia] 02/1/2022 18:05

https://t.me/+aPl9JNlpTjVjYjFkA telegram group for those interested in discussing junior miners close to production and growing reserves.

[the diddymen] 02/1/2022 18:00

1blazer I think that there are still too many Rumsfeldian unknowns. CMC knows his stuff but he would need a crystal ball for your question!

[1blazer] 02/1/2022 17:30

Count I personally find your input very educational thanks ! ! where do you think the share price will be in 12 months time ? With so much more happening.

[jlondon] 02/1/2022 17:11

On Hotcopper Alkane [BODA], there is an announcement in Dec 2021 about higher grades at NW BODA.
There is 1 post in this link and the poster thinks that from the results, it would appear "proper au/cu mineralisation starts from 543m."
hxxps://hotcopper.com.au/asx/alk/ Mkt Cap A$564 Million @91.5c.
So, as GS says, it will be cave-mined ie BODA.

XTR'S RACECOURSE-NSW, AUSTRALIA
Mr Bird is heading more for the SURFACE deposit so the more PORPHYRIES the better.
Racecourse - Ascot is more copper orientated vs BODA more gold.

COBRE PANAMA, First Quantum
I first came across the above from the Solgold chart of copper deposits etc.
It is located in the Panama jungle but a MORE SURFACE deposit.


Measured and Indicated [8 deposits] 3.537 Billion tonnes @ 0.37 % cu, 0.006 Mo 0.07g/t au gold and 1.34 g/t silver.

Inferred: 3 deposits
1.093 BILLION TONNES -----<>@ 0 . 2 6 % cu.------
0.005 mo, 0.04 g/t gold and 1.08 g/t silver.

<>ALL CUT-OFF ------- 0 . 1 5 % CU COPPER.-----

From recall, the capex was around US$10 billion, a monster of a capex given it was in the jungles of Panama and the initial grade overall was 0. 1 0 % CU COPPER from recall of the Solgold chart.


XTR's Bushranger is far cheaper due to it being in a mining area with infrastructure etc.

Cobre Panama has already become a mine.

Kindly check and please if anything is not correct, then just correct without
to do's.

Sun, 2 Jan 2022.

[guyshelby] 02/1/2022 13:28

‘22 we should see Australian mining media start to pick up on the Bushranger deposits, maybe a listing on asx too, as the project scales up and becomes less speculative and more geologically evident. Certainly once a 3rd system is identified. Will start to be taken very seriously, with more similarity in deposit type to cadia than just in size to boda. Boda is reliant on the high grade breccia zones of mineralisation they are finding to make their project economical as will be ultimately cave mined.
With no reason to believe that Ascot’s orientation and grades will not be like racecourse as these deposit type are usually similar within a cluster. So low start up CapEx for central plant to service all. Open pits with 20year mine lives to then access the deeper ore carrying its own CapEx makes this desirable and economical with less dependency on finding higher grades, but consistent grades in the long lengths we are getting.
A recent CB quote, “If one is pay, they are all pay.”
The confidence now shown by the Company in the resource viability, to me is compounded by the fact that the buy-back agreement has not been included in the shareholder Oct ‘21 presentation! Simply no need to use the sprat to catch the mackerel anymore. (Can still find on website)

[lurker5] 02/1/2022 11:11

I don't think you can compare Bushranger grades with the exceptional ones at Boda ! Happy to be proved wrong, but will be only if CB deliveres better drill results than so far.

[the diddymen] 02/1/2022 10:37

CMC, that looks a bit over diversified! I took similar decisions and after a little diversification at the start I am now at 100%!

The investment is well covered by asset value and the geology has substantial further potential upside.

They do not come around that often. In 30 years or so of investing this is one of the best and the substantial potential upside offsets the current higher market/political risk.

Life is short!

[the count of monte_cristo] 02/1/2022 10:10

Exceptional share price gains in small cap mining stocks.

The last bull run in exploration stocks was over a decade ago now, during that period many small cap exploration stocks increased 100s of % and in some cases 1000s of %. It's my opinion that these next few years will see similar types of gains, with some stocks putting in exceptional returns for shareholders. With the few stocks which put on exceptional gains they need certain attributes, key amongst them is finding a very large resource and proving it up. If you look at XTR in that list which Chip has put together, you need to ask the question why is it number one in that list and what has set it apart from all of the other stocks?

At the start of 2021 I held just one stock, XTR, I was laughed at and told not to spam other bb's when I was sharing my research and asking PI's to have a read and study the prospects at Bushranger at the beginning of 2021. This year I have diversified a little bit but continue to hold 85% of my portfolio in XTR, when assessing other companies nothing really comes close to the potential share price returns I personally foresee for XTR. Just think about what a potential "Cadia Ridgeway" type find would mean, in a world where large copper deposits are not being found. The real speculation in XTR hasn't even begun yet and it was still easily the number one performing stock in Chips list.

Don't be shaken out by short term rises and keep your mind focused on the end game here and believe in CB. IMHO, DYOR.

Regards,
ToMC

[the count of monte_cristo] 02/1/2022 03:58

Thanks All in Eol, nice to see XTR top of the list:)

[the count of monte_cristo] 02/1/2022 03:38

buzzarn - thanks for the heads up.

CB has stated that he thinks Bushranger is "at least as good as Boda", therefore we have no reason not to speculate that Bushranger could become one of the largest copper deposits in Australia found in the last 10 to 20 years.

[all in eol] 01/1/2022 10:34

Copied from the Wanobi AAZ thread

chipperfrd31 Dec '21 - 18:39 - 40093 of 40096
0 5 0
Thought this table might be of interest to the board. Performance of a range of PM stocks over 2021
31/12/2021 Price Price
Stock Name Code 31/12/2020 Latest Change(%) Yield(%)
Xtract Resources XTR 1.8 5.4 206%
Galantas Gold GAL 15.5 25.5 65%
GoldStone Resources GRL 7.6 11.5 51%
Phoenix Copper PXC 39.5 53.0 34%
Jubilee Metals JLP 12.8 16.3 27%
Kirkland Lake Gold KL 41.3 52.4 27% 1.5%
Pretium Resources PVG 11.5 14.1 22%
Jangada Mines JAN 4.7 5.6 20%
Cora Gold CORA 8.5 9.4 11%
Franco-Nevada FNV 125.3 137.2 9% 0.6%
Newmont NEM 59.9 61.6 3% 1.9%
Wheaton WPM 41.8 42.8 2% 1.0%
Altyn ALTN 113.8 114.5 1%
Royal Gold RGLD 106.4 104.7 -2% 1.2%
Gold (LBM) £ G£ 1382.6 1336.5 -3%
Gold (LBM) $ G$ 1898.6 1815.7 -4%
Griffin Mining GFM 95.5 90.5 -5%
AngloGold AU 22.6 20.8 -8% 2.4%
McEwen Mining MUX 98.5 89.8 -9%
SolGold SOLG 32.4 29.0 -10%
Metals Exploration MTL 1.7 1.4 -12%
Silver (LBM) $ S$ 26.4 23.1 -13%
SSR Mining SSRM 20.1 17.5 -13%
Sandstorm Gold SAND 717.0 624.5 -13%
Harmony Gold HMY 468.5 408.0 -13% 2.5%
Silver (LBM) £ S£ 19.4 16.9 -13%
Goldplat GDP 8.1 7.0 -13%
Anglo Asian AAZ 131.5 112.5 -14% 5.3%
IAMGold IAG 367.5 313.5 -15%
Chaarat CGH 23.1 19.5 -15%
Endeavor Silver EXK 505.0 420.0 -17%
Conroy Gold CGNR 42.0 34.8 -17%
Barrick GOLD 22.8 18.8 -17% 1.8%
First Majestic AG 13.4 11.0 -18%
Ariana AAU 5.2 4.2 -18% 8.0%
Hecla Mining HL 648.0 515.5 -20% 0.4%
Fresnillo FRES 11.3 8.9 -21% 2.1%
Oriole Resources ORR 0.4 0.3 -22%
Kinross Gold KGC 734.0 575.5 -22% 1.7%
Polymetal POLY 16.8 13.1 -22% 7.2%
China Nonferrous CNG 9.1 7.0 -24%
MAG Silver MAG 20.5 15.5 -24%
Agnico Eagle AEM 70.5 52.6 -25% 2.7%
Caledonia CMCL 12.1 8.9 -26% 3.0%
Yamana Gold AUY 571.0 419.5 -27% 1.8%
Scotgold Resources SGZ 98.5 72.0 -27%
Eurasia Mining EUA 33.8 24.5 -27%
Pan American Silver PAAS 34.5 25.0 -28% 1.0%
Centamin CEY 123.7 88.8 -28% 12.8%
Pan African PAF 23.6 16.7 -29% 5.3%
Eldorado Gold EGO 13.3 9.4 -29%
Vista Gold VGZ 106.5 69.5 -35%
Hochschild HOC 207.8 130.1 -37% 3.5%
Avino ASM 130.0 81.3 -38%
Condor CNR 50.0 31.0 -38%
Petropavlovsk POG 32.5 19.1 -41%
Serabi Gold SRB 96.0 56.5 -41%
Silvercorp SVM 669.0 376.5 -44% 0.7%
Orosur Mining OMI 26.0 14.5 -44%
Alexco AXU 318.0 177.0 -44%
Gold Resource GORO 292.0 157.0 -46% 2.2%
Wishbone Gold WSBN 16.0 8.4 -47%
Fortuna Silver FSM 7.5 3.9 -48%
Coeur Mining CDE 10.4 5.0 -52%
Shanta Gold SHG 17.0 8.1 -52% 1.2%
Hummingbird Resources HUM 33.3 14.5 -56%
Greatland Gold GGP 36.9 16.0 -57%
Resolute Mining RSG 47.0 20.4 -57%
Kefi Gold KEFI 1.9 0.8 -58%
Panthera Resources PAT 33.0 12.5 -62%
Pure Gold PUR 150.0 41.5 -72%
Great Panther GPL 85.3 21.5 -75%
Katoro Gold KAT 2.3 0.6 -76%
Vast Resources VAST 13.0 1.7 -87%

Average = -19%

[buzzarn] 01/1/2022 04:06

Yes it is an XTR interview as part of the Sunday Roast 12 stocks for Christmas podcast. Due out soon.

[guyshelby] 31/12/2021 19:48

Is it a xtract interview that you know of buzz? The chat yesterday on lse started with a member posting your original “it’s a corker post,” led to the confusion that it was the GLR interview released that morning. Then suggestions it was part of the Sunday roast. Can you elaborate?

[buzzarn] 31/12/2021 12:06

There is an interview coming out very early Jan that will have some very interesting bits. Watch this space.

[papillon] 31/12/2021 11:51

Zero Matrix is correct We have to await "developments". When XTR's Australian assets are sold to AA (or maybe another major?) is completely outside of our control. We are just passive shareholders. Just be patient and add on the dips.

[guyshelby] 31/12/2021 11:48

You sound confident in your statement Buzzarn, I have thought for a while now that Colin has been in contact with Anglo and I’m sure he has a good understanding of what to drill and what can be left on the bone. Nevertheless it is still in Anglos interest to allow extract to absorb the risk in identifying shall we say, as much as practical , with an obligation to their own shareholders, the bigger this is, allowing for the reduced risk the more value is returned to them. There is the other hand to consider, Colin has made it clear he’s not going to be giving this away and whatever we drill is what will be included in the package so the likelihood that Anglo will come in early with an offer that in reality extract could turn down, which then Anglo would lose the right for first refusal that forms the main part of the buy- back agreement. The ball is firmly in our court to approach Anglo once we have a resource estimate.
Xtract will return best value to shareholders.

[papillon] 31/12/2021 11:45

Let's hope the seller(s) @ circa 6p have run out of shares to sell. Once that 6p resistance is broken then the next stop is resistance @ circa 8-9p. After that potential resistance is broken it's then blue sky.
gfg1 should have bought back in Wednesday and/or yesterday. He shouldn't blame the MM's, or his broker, for his inability to get an online quote to buy back in today. He should blame himself. It's the easy way out to blame others for your own shortcomings.