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One has to assume that the same drill summary for the Racecourse prospect is imminent. This should make better reading as so far there have only been 12 holes for 8526 metres drilled at Ascot with assays released for 6 of those.

With 40 + drilled at Racecourse including Phase 1 for what must be around 30,000 metres there should also be some kind of indication of how the asset size is progressing.

Thanks.

So does that mean that XTR will be able to produce a pretty accurate figure in this imminent summary of the quantity they have so far certainly in the Racecourse prospect if not in the Ascot area.

Does the 2 million tons of contained copper have to be independently calculated/estimated and released in a JORC?

The reason I am asking is that while the 2 M/T target has been mentioned from the beginning I have not seen any mention of AA requiring this figure to be in a JORC.

Having said that I don't see how XTR can just come up with the 2 Million tons figure unless it is JORC'ed.

Any info or thoughts please.

I don't think that the June timeline was ever put in an RNS. I remember it and it created chat and interest on this board but I think that it was only ever verbally mentioned in a podcast. If so then he doesn't have to provide an official update.

I will stand corrected if anyone can find any mention of this June timeline in any RNS's.

I make it about 400,000 silly sells today which have obviously dampened down any potential rise.

I'm surprised there isn't more interest and more of a share price rise here as this can only be positive news or else why would CB bother to bring out a special progress report. If it wasn't going to be good news he wouldn't bother would he.

There have been a few largish and odd sells going through today which may be from the recent warrant exercise when the shares were bought for 1.20p as otherwise no one in their right mind would sell before news.

CB isn't obliged to release an interim summary of progress here so he must feel that there is enough information available to warrant passing on to the market.

I feel that if the figures are good and they are starting to get towards the target then there could be a big jump in the share price on the day of the release. Bring it on.

Let's hope by shortly he means very soon!!!!!

This is the most important news since the first drills of Phase 1. We shall see exactly how this is panning out.

Let's hope we see 6p or even 7p before the interim summary is released.

There are too many posters here trying to do the work for the company. Why not let them release the summary and we shall all see exactly what they have found in the prospect so far using the drill results, assays and advanced modelling.

What does it matter what posters predict.

Now another one:
"Hi. Using lots of assumptions here, could somebody correct me where I may have gone wrong, if at all?"

Yes, I am correcting you. W e do not need your figures based on lots of assumptions. Let Mr Bird come up with the figures. Your attempt is quite unnecessary as XTR have clearly announced that they "intend to issue a release shortly that gives an interim summary of the Racecourse and Ascot prospects."

PLEASE LEAVE IT TO THEM.

Of course if the summary is really positive then the share price may get somewhere near the highs of early 2021 when the SP reached highs of 8p. This isn't far away really and certainly not out of reach.

"We intend to issue a release shortly that gives an interim summary of the Racecourse and Ascot prospects."

Personally I'm not expecting the 2 MT's yet, but let's hope that it is a positive summary and that we are well on the way towards the target.

Does anyone know when this release is due? Is shortly likely to be within days or weeks?

It's time the management here released an RNS to say that the TEO is completed and ready for release and to give a timescale for this release..

RY has already said that the TEO is completed at the meeting last week but that info was only given to a select few. It now needs to be made available to all.

On reflection, I think that we can safely assume that if CB is going to release an interim progress report than we are not there yet.

Fine and on the 360 bopd prediction the share price was about 13p. It was only after the higher predicted flow rates and the implications of these on future wells (which has now not materialised due to the water cut and which it sounds is a common and known problem) that the share price was reaching new highs.

So back to 13p I expect - unless the Canadians are still seeing this through their rose-tinted specs!!!

Me I'm not worried as I sold last week at I posted at the time at 18.5p.

I was actually rather tired of carrying this share on this board while all the LTH's (whose posts are visible and readable and go back for months) preferred to sit back and say nothing.

ATB

No comments here so far from the very occasional posters who claim to own about 1% of the company - but then anyone who has £140K/£150K to invest here in this low risk company probably doesn't need to bother getting up too early like some of us!!!!

And why bother posting anyway - let the newbies and small-timers do all that.

Back to 13p I expect - unless the Canadians are still seeing this through their rose-tinted specs!!!

Petro still in the election - no great surprise.

"The second well on the Tapir Block, the RCE-2, well was brought on stream slowly on May 23rd. The well initially produced clean oil at high rates but has developed a water cut. The well is currently being managed at reduced rates of 1000 BOPD (500 net)." - so production is suddenly only half of the projected rate - who expected that? - probably no-one after the previous RNS.

So that probably explains the drop at the end of last week - maybe a further drop to come.

And a big loss - was that drilling costs?

And while Q1 revenue looks to be a big jump up that is only when compared to Q1 2021. In reality Q4 revenue was $3,038,832 so the increase to $3,402,962 was nothing to get too excited about.

These gold results are nothing to get excited about - they are actually quite poor.

Compare XTR's 32m at 0.92 g/t Au from 510m including 14m at 1.96 g/t Au from 510m

with just one of many, many drill results from GGP - ie. · HAD043: 167.4m @ 2.4g/t Au, 0.66% Cu from 608m, including

· 22.8m @ 9.3g/t Au, 0.96% Cu from 712.3m

There is even more copper than XTR seem to be finding these days.

It will be interesting to see how this resource is progressing. When XTR took on this prospect there was I believe 350,000 tons of contained CU. That was a long way short of the 2 million tons target, which I do not think we will be at yet quite simply because the 50 or so drill holes so far by XTR have failed to hit the lengths and grades of the first few holes. We shall soon see exactly what is going on.

Interim is a market term that is usually used for the halfway stage ie. Interim results are for the first 6 months of a year. Maybe CB is implying that they are somewhere around halfway through this drilling. If so then there will be about another 18 months of this as the drilling started in early December 2020.

https://www.londonstockexchange.com/news-article/OEX/cambay-reserves-re-classification/15471356