Xtract Resources Share Discussion Threads

[the count of monte_cristo] 07/4/2021 14:39

joycey1882, AA might just buy the company. Personally I am happy to wait and see what transpires and see what CB says. He did it before during the last bull run in commodities and I am backing him to do it again. Accept that this time the fundamentals for copper are even better.

[denjon] 07/4/2021 12:09

Cu firming up again , 8984 dollars mt.

[the count of monte_cristo] 07/4/2021 11:45

Talking about grades, Hudbay have just released their PEA on the Mason project, which will become the 3rd largest copper mine in the USA. If you click on the links you can see more details about the two US projects which Hudbay have and their grades. Muppets on here don't seem to realise that the average copper grade has been continuously falling for the last 30 years and the average is now just over 0.4%. Bushranger will stack up well against these numbers. We have only receive the first assay results and assays are pending. The high grade results in the first drill were over 0.5% cueq.





Mason's measured and indicated mineral resource estimates are about twice the size of Hudbay's Constancia and Rosemont deposits. The mine plan includes 1.1 billion tonnes grading 0.34% copper-equivalent, 98% of which is from the measured and indicated categories.

[joycey1882] 07/4/2021 10:10

Might be a silly question but assuming Bushranger gets bought out how do we see that value being returned to shareholders? Obviously the share price will rise in speculation of the buyout but would we expect a special dividend to be declared from sale proceeds?

[chesty1] 07/4/2021 09:33

both new posters to advfn....have to keep on changing profiles how sad! babies!!!!

[chesty1] 07/4/2021 09:28

Good job I have these numpties on filter! What sad individuals!

[qazwsxedc69] 07/4/2021 09:22

Just filter the clown. This is someone who set up an account 2 weeks ago specifically to talk about on XTR.

The couple of posts I read were full of incoherent and demonstrably untrue gibberish.

Just another bitter loser who missed out here.....

[mtw1] 07/4/2021 09:19

SwingbySome, why dont you address posts on another BB on that board ?

[swingbysome] 07/4/2021 09:15

I'm reading some comical posts over on LSE by posters who inadvertently post negativity rather than the general ramp stuff associated with that chat site .

Typical example a snippet from the poster " news "
Already the JORC of 71Mt @0.44% cu & 0.064 g/t gold.

then followed by a line related to XTR's , Hole 1 through the core of the Bushranger copper / gold mineralisation zone
Hole 1 assays @0.33% cu eq

Way below previous JORC since XTR's Hole 1 assay of o.33% copper includes gold or had he failed to notice eq stands for equivalent.

Another poster claimed Sino 2 produced $250,000 revenue but failed to deduct costs to produce that revenue . Then went on to ignore the costs associated with Zambia's exploration ......... etc .... So another placing for Phase 2 at Bushranger is very unlikely since I remember Mr.Bird saying Phase 2 would only happen if Phase 1 proved up previous JORC and some which Hole 1 proved it was way , way under what was previously reported .

[goforgold1] 06/4/2021 21:23

After close buyers are back again .. that's a good sign for share price.

[gowlane] 06/4/2021 20:35

Looking back over some posts about valuations, must say that 3c a pound of copper does not seem very much, compared to 3% of market value

Given that one tonne is 1,000kg or approximately 2,200lbs, so 3c a pound works out at $66 a tonne

Whereas 3% of the current market value of copper @ $9,000 per tonne is $270, which is over 12c a pound

Not so?

[onedayrodders] 06/4/2021 16:54

Action is pretty much predictable .. makes ground in anticipation, sold off on RNS's.
hopefully we can at least maintain this upward trend if only marginal.

It's all good news but seems market won't let the next leg up on drill news alone, and will need a few more Assays.

I expect another sub 6p spell which would suit me for one last top up, but if it takes off I've got enough already.

ODR

[qazwsxedc69] 06/4/2021 16:41

You can use BODA for a read across. Comfortably into 9 figures (I.e. multiples of current market cap).But that's as things stand. As CB states We don't yet know how deep it goes, how wide it is or how many porphyrys we are looking at. Think I'll hold for now :-)

[johnswan193] 06/4/2021 16:36

Any ideas as to what the buy back price might be in the range of once 2t is exceeded and AA wish to proceed with the buy back?

[chesty1] 06/4/2021 16:09

What a listen!

[jlondon] 06/4/2021 15:55

On the other ADVFN XTR forum, berniemadoff posted that he reckons via cals that the 2Mt needed is now potentially hit? This is the post on Tues, 6 Apr 2021 currently there.

Strange that on the London South East, XTR forum, the place is devoid of the normal posters and no one is mentioning the above - even on Twitter, there is a post relating to what berniemadoff posted?

As for the RNS today from XTR, PHASE 2 is next. I was under the impression that Phase 2 was for JULY 2021 per what Mr Bird said in his last interview with Sharetalk.

However, from today*s RNS, PHASE 1 HAS ENDED AT RACECOURSE, AUSTRALIA [NSW] WITH HOLE 6 COMPLETED.

Any one can shed light on why it has gone quiet?

[chesty1] 06/4/2021 14:44

hTps://www.share-talk.com/share-talk-bulletin-board-heroes-tuesday-6th-april-2021/#gs.xjwcfx

Good ole Zak reckons if we can close above 7p one day this week then 9p target could be hit this month!

This is such a massive buy & Hold play!

[sportbilly1976] 06/4/2021 14:38

well at least you should have been able to get your £11k as requested earlier with the sellers on the news :)

[brasso3] 06/4/2021 13:11

Not been looking in here much lately. All things progressing nicely. Wish I could have topped up at 6p but I have plenty already. :)

[goforgold1] 06/4/2021 12:16

Good RNS slowly but surely we will be good . Still say 10p end of April with the resources to come out from other drill holes. Got news all this month. Should now get some investors in long term. Hopefully not the hour day traders here for a quick 10% lol

[the count of monte_cristo] 06/4/2021 12:01

...considering it was a step out drill.

[the count of monte_cristo] 06/4/2021 11:58

Solid RNS.