Xtract Resources Share Discussion Threads

[papillon] 04/4/2022 10:59

👍 Nice find, TCofMC, especially the mention of Racecourse by Legacy Minerals.

[onedayrodders] 03/4/2022 19:44

hxxps://www.smh.com.au/business/the-economy/get-ready-the-mining-boom-on-steroids-is-coming-20220331-p5a9qp.html

[pngasef] 03/4/2022 17:39

Totally! I just hope he brings home the bacon for us. He seems quite a character and something deep inside of me says he deserves my trust.

[arcadian] 03/4/2022 17:33

There`s alot here that is above my pay grade so I`m quite happy to leave the drilling, scoping, modelling etc to Colin. He knows so much more than me and has form.

I`m also pleased that at some point he will state what is there and do a deal with AA or some other company. He`s a seasoned warrior in that too.My only worry is that because he has so much on his plate he might foreclose a deal below the optimum but I again will put my trust in this experienced dealer. One day I`ll buy him a pint. Perhaps some of you would join us.

[papillon] 01/4/2022 23:33

O/T I've just posted on the AURA bb, TCofMC. Another company I see you are keen on.

[papillon] 01/4/2022 19:26

Just read an interesting post made by theiceberg, a very knowledgeable XTR poster, this evening. Do read it.
I was thinking of copying it and posting it on here, but it's rather long. However he does make the following point's that are worth repeating:

"I've given my timescales May-June for JORC and think we are still probably at the mid May Mark."
"I think all the assays are in for the PIT(there might be one or two more, depending on how big they want to make it). I am getting around 1.8Mt of copper, which is just shy of the 2Mt (obviously), tbh I don't think this really matters as the additonal copper etc from ascot will quickly take it well over."

[papillon] 01/4/2022 15:42

I should have said you recommended doing some background research on MILA, instead of tipping. My apologies, TCofMC.
Well I have read up on MILA and I agree with you. It has excellent potential. Similar potential to XTR, IMHO.

[johnswan193] 01/4/2022 15:00

In most instances people on these BBs know the companies/industries and provide better research than the analysts do.

[papillon] 01/4/2022 14:30

It's just a question of patience being required with XTR. If it takes a year for Racecourse/Bushranger to be sold, so be it. I can be very patient when needed.
In the meantime I topped up this morning in MILA, another of TCofMC's tips. Only got a small holding, but it looks very interesting. There are similarities to XTR in that both intend to sell to nearby miners/explorers. Both in Australia, though Western Australia and gold for MILA.

[zero matrix] 01/4/2022 07:33

It appears to be a fairly lengthy round trip, from applying for drill platform approvals to assay results. And each hole is costly. Yesterdays RNS mentioned new applications are in. If a sale was thought to be imminent would XTR be committing this spend?Hopes of sale action in Apr/May, or even before the summer, or this year(?), are seeming increasingly hopeful.

[pollysmate] 31/3/2022 19:53

Thank you Guy good post

[guyshelby] 31/3/2022 19:18

Pollysmate- hoping to be around mid Q4 to complete a sale. From the horses mouth apparently.
I would consider a decent rerate would come when these 3 or 4 events are reported. The minimum 2mtCuEq threshold confirmed with approach to Anglo, update of resource and revised pit concept from racecourse. Fairbride first quarter gold results, not so sure on sustained rise from news just on production start up, this industry lives in the now and will remain speculative until hard cash flow is shown from there.
Lastly a MRE once exploration stops
Some big ticket items there!
I think a 3rd porphry would simply p155 an already fickle market off because they would have to wait another few months longer ;-)

[chris cat] 31/3/2022 15:25

Still can't get my head around this industry, That looked like a cracking RNS to my limited knowledge

[pollysmate] 31/3/2022 13:58

Just wondered what the time frame might be for proving up the resource and being able to sell it on? Every RNS seems to be positive news but share price never seems to break out

[papillon] 31/3/2022 13:54

🤣 fozzie. I'm afraid that the XTR share price is nowhere near as exciting as the "proverbial bride's nightie". Hopefully that will soon change! 😁🤞

[fozzie] 31/3/2022 13:48

Jeez up and down like the proverbial brides nightie here.