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I'd buy glr and xtr and retire Birdie
Seriously, don't do Euro anymore. Never won more than £2.70 and cost £5 for 2 lines.
Do thunderball now. £1 a line. Just about breaking even and at my time of life, £500k is more than sufficient.
Who needs the Euromillions etc when we've got the one and only Mr Colin Bird's Xtract Resources to bet your money on : I'd even go as far as saying there's more chance of Mr Colin Bird finding significant Copper in Zambia than there is of you wining the Euromillions Jackpot !!
Jez
stop putting words in my mouth. BIFTA ? wot the hell is that?
Anything processed is FULL of sugar be it savoury or sweet. SWEETNERS are poison.
perhaps dear C🎯l into taking dose of cinnamon to create fat burning inferno!
Yep wanna do road trip to Russia to get to know my roots.
Sure me and Putin would get on house on fire if we ever met.
ZAP
We've never met but I imagine you in BIG off road monster not Ferrari!
You not gonna use DOUGH when BR is sold?
Me am a off the beaten track girl!
You have a spot on imagination! I do actually have a F150 truck!
BR may have some optimising ahead before it is ready so will make a change for focus to be spread around the other projects towards increasing cash flow.
Yes agree ‘beaten track’ as far away from other people as possible.
Dani>>Now Zambia Copper is coming into play I need to study so I can project earnings which will then add to forward value of share NOT YET PRICED IN.
Did you get as far as working out xtr anticipated 60% share of net profit from Kakuyu once running ore off site.
Consider haulage costs and assume 5-7ktpm
Hi Guy
What does 5-7 KTPM mean. And is cost in $ or local currency?
Think this was cost missing to complete calculation
🤦♀️ Means the mining rate they will be targeting, between 5-7 thousand tonnes of virgin rock per month. (From March presentation)
Haulage costs $100k per month based on $500usd per 30 ton truck load ( wild guess for a Zambian haulier ) 🤷
Ore @3.5% cu. Account for 5% processing recovery losses
AISC maybe $2.60usd/lb
30%tax
60% net profit to xtr
No idea at what premium the refinery will want for their services.
If anyone can add, dispute or other? Please do
📍5 -7 KT virgin rock pm
📍3.5% CU deduct 5% processing etc
📍$500 per 30T truck ($100k pm) Haulage
📍60% profit share
📍30% Tax
Based on 6000 TOM
✅ 210 tonnes CU (6000 x 3.5%)
✅10.5 T lost for stripping and processing (210 x 5%)
✅$1,690,962 Revenue (199.5 T CU x $8,476 )
✅$100k Haulage (6000T / 30) x $500
✅$954,577 is 60% profit share XTR (REV- Haulage) x 60%
Jeez dear C🎯l remember when I plucked OUTTA air $1m income figure for KAKUYU?
You questioned it ❓❓❓
Look guessed nearly RIGHT ✅
📍So cash flow $954,577 per month
📍30% Tax $286,373 deferred PMENT til finals released?
Dear JOEL will be earning TOP interest on above each month. NOT like John Cornford NUMPTY miner picks where they are all shelling out OUTTA WATER amounts for CAPEX & Interest🤣🤣🤣
C🎯l and team you are A LEGEND
KGB.
When that happens I'll post my bank details and pin numbers here.
Will it have a bow around it ?
JEZ wake up you TWO RAG and smell the COPPER.
$65K RISK CAPITAL earn $954,577 cashflow per month!
dear C🎯l is a genius
TIGHT is alRIGHT✅
He might be a genius but even he can't do miracles.
Interesting ...............always left with more questions than answers.
How much can a 7.5ton truck hold (carry) =
How much can a 18ton truck hold (carry) =
How much can a 26ton truck hold (carry) =
How much can a 38 ton truck hold (carry =
It will help with some sums
Processing and refining costs ?
Well KGB, thankfully it's not rocket science and you don't work for NASA.
When the directors read these calculations, they will be piling in.
Berkshire Hathaway is on the line to CB I heard.
Could be fake news though......
Dani 5% is not processing but lost copper through metallurgical process. Can assume processing costs will be 50% of revenue, with refinery charging a big chunk on top when purchasing the virgin rock.
All in costs of $2.63/lb includes Ovals mining costs thrown in on top for simplicity. But was plucked from an example when fuel costs were far higher last year though.
Can't you get it through your skull that at this stage it's impossible to create concrete figures. There isn't enough information without drilling the s hit out of it. PFS and DFS is lengthy and costly, even then you can't say for sure.
There isn't a catch all price per tonne for processing virgin rock, it depends on the rock, it depends on the process, it depends where you are doing said processing.
JEEBUS !!!
Just use as ball park $2.60 per pound AISC I’m just saying 50% as a rough idea of processing costs.
Tax not included in AISC as is not an expense incurred but levied on profits made.
Can’t say when but as Moz at end of year sounds reasonable.
No idea how much Jubilee will command.
Their 5-7 ktpm target could well be from if and when they have own processing bought in or from initial ops.
It is fairly clear that cash flow generated will be used to pay for a larger exploration programme ‘toward’ increasing Kakuyu to a larger operation if results are as expected. It will, or will eventually need to be sustainable with no drain on the company. So may not see any real initial benefit from there.
Any updates will be appreciated as it sounds like work has been ongoing at full pace with the staff that have been appointed.
I'm surprised how quiet Bird has been TBH, he's normally pulling out all the stops to promote a new scheme.
This can mean two things.
1. He's learnt his lesson on over ramping ( unlikely)
2. He's keeping away from being drawn on BR progress because it not the best news.
I wonder......................
Probably focussed on the Notts Forest transfer news .... Will Salah go ?