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P.S.
Contd:

John Cornford: "But I am, of course , only talking about XTRACT*S R A C E C O U R S E prospect, which is SIDE-LINING its OTHERS. These include B U S H R A N G E R licences [which are NOT part of the AA buy-back agreement] and its African projects on the verge of generating cash [though SMALL beer compared with RACECOURSE POTENTIAL." 25.1.21

Master Investor, John Cornford, Mining Analyst.

Just to clarify:
I am NOT mentioning any GRADES - it is reasonable to go with the JORC 71Mt @0.44% cu and 0.064g/t au gold for the current momo UNTIL THE ASSAYS ARE RELEASED IN A FUTURE RNS.

That is also what Lucky520 is going with for now.

As RACECOURSE [under XTR], what Colin Bird said per my last post ie BODA initially and then Cadia-Ridgeway or North Parkes. Again, North Parkes is a bit bigger in Mt than BODA at this current time as that eventuated into a mine which was owned by Rio and sold to the Chinese as Mr Bird [Executive Chairman, XTR] said in his 2 interviews @ share-talk.

Many people on the other XTR forum are also discussing what will RACECOURSE AND BUSHRANGER EVENTUATE TO BE. Racecourse as I said has another prospect called RACECOURSE NORTH and not much is known about it but Tooday in 2007 said they stepped out and drilled 100m North of Racecourse and it had mineralisation but no details of grades, intervals etc.

Why are people discussing this topic tonight? A lot of seasoned investors DONT WANT TO SPEND THE REST OF THEIR DAYS on a forum which can be tiring.

Tonight, each one will have to have AN IDEA for themselves, after all it own*s own money and one*s own decision.

So, WHAT BUSHRANGER AND RACECOURSE + CLUSTERS WILL EVENTUATE, ONE WILL NOT KNOW AS THAT MAY NO LONGER BE UNDER XTR CONTROL IF THEY SELL Racecourse or other prospects. However, ONE DAY, ONE WILL KNOW WHAT HAPPENED TO

RACECOURSE - RACECOURSE NORTH - FOOTROT, SPRINGFIELDS , WHITE SPRINGS, BLACK SPRINGS ETC ---that will be in the GEOLOGICAL HISTORY BOOKS and one can then check with the Australian Mining Govt department as all results will have to be lodged.

After tomorrow, many seasoned investors are aware that the next drill ie Hole 3 Racecourse is also into the Central Zone as for Hole 2 etc.

Many will have seen that if they were in HAVIERON OR ALPALA, it was rather obvious after some time where it would have eventuated from the DATA given - it gives one an idea. Some co*s like Alpala give more detailed modelling and Brent Cook , Economic Geologist of renown said that technical data is of import.

Hence, why after tomorrow, I will not need to post on this forum.

News, Sun 31 Jan 2021 @8.30pm
I note rana3 said she goes with what Lucky250 said which is essentially what JOHN CRONFORD Mining Analyst said on 14.1.21 about XTR if there is a b/o? Lucky250 has grossed up that figure.

Happy Investing everyone. Tomorrow is about to beckon, Mon 1 Feb 2021 and Tues & Wed.

FINAL SUMMATION OF RACECOURSE [XTR]

Colin Bird, Executive Chairman of XTR Racecourse-Bushranger told Zak in his recent interview:
"HOW FAR WILL IT GO? TIME WILL TELL."

I cited Ridgeway from the 2012 SEG Distinguished Lecture-Society of Economic: "Crucial Challenges to Discovery of Tomorrow*s deeper ore bodies." -Dan Wood. He describes how CADIA FAR EAST was found at "800m below surface with 100-200m of mineral cover rocks. Also RIDGEWAY found nothing at 750m and they had to re-think what to do. Later , history showed Ridgeway was the deepest part at 1,600m.

STORY OF RACECOURSE & RACECOURSE NORTH -FOOTROT- WHITE SPRINGS-BLACK SPRINGS etc {CLUSTERS].

Tooday [later named Lachlan Star] had done a lot of the IP etc on Bushranger, Lachlan Fold, NSW, Australia. XTR*s Apr 2020 Presentation said that "IP, Mag, EM etc features indicate the potential of BUSHRANGER to have CLUSTERS SIMILAR to CADIA RIDGEWAY."
The porphyry expert just hired, Doug Menzies said that Bushranger is a fertile hydrothermal system and that gold is more dominent. He did not specifiy whether it is at Racecourse or elsewhere at Bushranger.

Tooday per their 2007 ASX ANN said they drilled 100m further North of Racecourse and found mineralisation but NO details. Tooday did not say this was between Racecourse and Racecourse North or Racecourse North.

So, the story of Bushranger will be known later.

Colin Bird, Executive Chairman, XTR Bushranger told Zak in the 18.1.21 interview with Sharetalk:
" 1100m -CONFIDENT OF BIGGER ONES-CADIA RIDGEWAY , NORTH PARKES."
Earlier BEFORE Hole 1 Racecourse results of 904m of continuous mineralisation and 1,000+m depth, he told Zak of Sharetalk: "Bushranger vs BODA: Pretty much the same, Better."

This is what history records.
XTR share price: 5p, Mkt Cap £31m.
Time of Cronford article in mid-Jan 2021 : Mkt Cap £15-16m.
Before drill results of Hole 1, Racecourse Mkt Cap £9m.

=========================
I HAVE SEEN ENOUGH FOR MYSELF AT THIS STAGE. Sun 31.1.21
Fri, 29 Jan 2021 XTR RNS: Hole 2 reached 492.5m and hit the central zone of 450-500m. Refer to my post today for details of what Mr Bird & PhD Geo of XTR said BEFORE this RNS.
==========================
I look forward to tomorrow as XTR Racecourse could have hit 750m target depth [give and take] ie Mon 1 Feb 2021. It could be some extra cream but CRUCIALLY THE 500M target was hit per Mr Bird: " 5 0 0m -BIG WIN- M O N S T E R TALKING ABOUT. WATCH THIS SPACE." 28.1.21 interview before the Hole 2 492.m result RNS of Fri, 29.1.21
Mr Bird said that the next update could be Tues, 2 Feb 2021 or Wed, 3 Feb 2021. Others can confirm what he said.
----------
I shall not have to post more on this forum AFTER TOMORROW, Mon 1 Feb 2021.
Like all the other prospects, Alapala & Havieron, the discussion could run into hundreds of pages and it becomes too tiring even one has already SEEN ENOUGH FOR ONESELF to get a reasonable picture via RNS, data, experts opinion [D

Empirical
At Greatland which was brought up by John Cronford, Mining Analyst, Master Investors, he must have wondered where the early Greatlanders were. So, he may have looked around and came to XTR Bushranger. His question was: Are these "TRULY" the next Greatland? He examines Bushranger and thinks that it has a chance of a ...find. At the AA buyout potential, he said that it could obtain 40p.

Without going into the small details, it would fall into the median of the range.

I will give an empircal HISTORICAL EXAMPLE: Havieron. When pre-hole 5 RNS came out, the co had described it as .....No one took it in and in fact they laughed. The share price 1.3p.
Hole 5 results came out and they didnt laugh any more. Hole 6-9 was not as spectacular.
The CEO said that industry range him - the industry knows more as they have ALL the data of that province. Then, it went quiet as some said it needs to go to MRE, JORC BEFORE it could be JVed etc. Then, they said its NOT good enough. SURPRISE, one morning the RNS came out that Newcrest had JV*ED into Havieron and the rest is history. SPROTTS prepared a report and gave all the cals and scenario*s. Newcrest today has produced the MRE and it is NO LONGER at 1.3p sp but 39p at its height or 28p currently [approx]. It was OBVIOUS to INDUSTRY, SPROTT EARLY ON otherwise, Newcrest would not have JV*ED IN AFTER 9 HOLES ONLY.

At Solg, it was the SAME. Folks said that it needs MRE, JORC, PFS etc. The share price then with the MODELLING 2p. By Hole 15*ish, BHP came into with a proposal to invest. NEWCREST had come in EARLIER than Hole 15. One morning, the Newcrest investment into Solgold just dropped out of the sky and the sp shot from 3p to 6p for recall. [this is the 2nd round].

So, from EMPIRICAL HISTORY, folks just ignore all data although its right in front --history has shown that in Alpala and Havieron which went on to Tier 1 with matching mkt caps of £700m & £1bn+.

The true stories of investors from experience of that time.

Sun, 30 Jan 2021.
News
DYOR

Hole 2: Racecourse-Bushranger.
FURTHER UPDATE TO COME NEXT WEEK.

"DOUBLE-SEQUENCE per PhD Geo, XTR" {C.Bird Interview 28.1.21 @Share-talk] - Hole 2
[Geo Opinion[
"New Ground-Never Been Before. 300-400m target OUTSIDE OF PORPHYRY." [C.Bird]
Earlier given: TARGET AT 450-500M - MAIN ZONE.

ALL GEO OPINIONS SUBJECT TO ACTUAL RESULT:
XTR RNS, Fri, 29.1.21 : LoL- Indeed 152.5m of "Stronger Mineralisation" [340m-492.5m].
This INCLUDES 42.5m IN THE MAIN ZONE [492.5m minus 450m].

Of note is that from 130-340m [Hole 2-Racecourse under XTR], mineralisation is "weak to moderate."

WIDTH:
Hole 2 was to test width. Using the key 1-100m-200m, I measured Hole 2 to the potential next Hole 3 in the SAME "CENTRAL POTASSIC ALTERATION" [term used in the Fri, 29.1.21 RNS].
It appears to be 200m or more accurately 210m? That norm? I ALSO measured Hole 2 to Hole 1 but there is NO guidance from XTR whether Hole 1 area is also PART of the central potassic alteration.

From Hole 2, it goes further width wise ON THE RIGHT? So, need Mr Bird, Executive Chairman, XTR to give us a further idea as the map does NOT mark out the WHOLE central potassic zone?
Ref: XTR Geochem update RNS, 25.1.21 GEO MODEL MAP OF RACECOURSE
https://www.rns-pdf.londonstockexchange.com/rns/8229M_3-2021-1-25.pdf

[ "CENTRAL POTASSIC ZONE ] - Hole 2 [RNS, Fri, 29.1.21]

PER MR BIRD: " 5 0 0 M, BIG WIN M O N S T E R TALKING ABOUT. WATCH THIS SPACE." 28.1.21 Interview with Share-Talk. [Thur]
[This was said BEFORE Hole 2 results were given on Thur, 28.1.21.
On Fri, 29 Jan 2021, Hole 2 showed the above results.

----------HOLE 2 HIT 492.5M ---MAIN ZONE---SO 500M HIT.

CONCLUSION: Before it entered the main zone of 450-500m, stronger mineralisation was encountered at 340-492.5m =152.5m of mineralisation inc 42.5m in the main zone.
PHD GEO OF XTR WHO OPINE BEFORE RESULT ON 29.1.21 WAS CORRECT - HOLE 2 HAS HIT THE MAIN ZONE AND BEFORE THEN AS ABOVE.====DOUBLE SEQUENCE===

Grades: From the key in the Geo Modelling as above the key shows: 0.10-0.3, 0.3-0.4 and 0.5-1.

MONDAY ONWARDS
At 87.5m drilling a day [492.5m minus previous 405m] , it COULD be, by Mon 1 Feb 2021, Hole 2 has hit 580m on Sat , 30.1.21, 667.5m on Sun and 755m on Mon.

It was said that 750m was the target although Caveat Emptor said they could continue if there is min.

Mr Bird said in the 28.1.21 interview from recall that Tue or Wed, he could let us know? Kindly check.

News, Sun 31 Jan 2021 @12:55 noon.

[One poster on this forum called the double-sequence as DOUBLE YORK]
Tooday [later named Lachlan Star] , AA NEVER DRILLED BEYOND 350M at RACECOURSE.
This means that under XTR, RACECOURSE HOLE 1 HAD GONE BEYOND 350M TO REACH 1100M ODD WITH 904M OF CONTINUOUS MINERALISATION AND NOW HOLE 2 HAS REACHED 492.5M which is close to Mr Bird*s 500m which he terms "MONSTER" as above.

HOLE 2, RACECOURSE
RNS, FRI, 29 JAN 2021

The contents of the RNS was not very well understood. Demark asked me but perhaps I did not explain it very well at the time. However, NO one has since explained it in simple terms. So, I thought I would explain it as best as I can.

Hole 2 REACHED DEPTH 492.5m.
Earlier told that the MAIN BODY is at 450-500m.

Per RNS: "SIGNIFICANT STEP-OUT OF MORE THAN 3 0 0M from previous XTR hole and
2 0 0 METRES from ANY HISTORIC HOLE."

SO, ITS 492.5M MINUS 300 = 2 0 0M DEEPER THAN PREVIOUS XTR HOLE
or 492.5M MINUS 200 = 3 0 0M DEEPER THAN ANY HISTORIC HOLE.

COLIN BIRD, EXECUTIVE CHAIRMAN, XTR RACECOURSE @Share-Talk on 28.1.21 [Thur]:

" 5 0 0 M - B I G W I N - M O N S T E R TALKING ABOUT. WATCH THIS SPACE VERY PLEASED."
"300-400M target OUTSIDE PORPHYRY."
"NEW GROUND-NEVER BEEN BEFORE."

SO:
When the Fri, 29 Jan 2021 RNS came out that Hole 2 Racecourse had REACHED 492.5M, that means that it had HIT ALMOST 500M [main body 450-500m].

Since MINERALISATION IE STRONGER STARTED AT 340M - 492.5M = 1 5 2 . 5 M of MINERALISATION including 4 2. 5 M IN THE MAIN BODY [ 492.5m minus 450m].

HISTORIC RESULTS AT RACECOURSE [ FROM JORC ETC]
I have seen a FEW INTERSECTION LENGTHS from XTR Apr 2020 Presentation and at max, INTERSECTIONS I have seen is 159M OF MINERALISATION from recall. A/c to Tooday, Racecourse was NEVER DRILLED BEYOND 350M. One assumes that 159m intersection starts at around maybe 191m from simple maths [350-191=159m].

Hole 2 by XTR HAS DRILLED BEYOND 350M -------------------AND HAS ALREADY HIT 1 5 2 . 5 METRES OF STRONGER MINERALISATION--------WHICH IS D O U B L E the TOP PORPHYRY ABOVE.

One called it a DOUBLE YORK. Per Mr Bird, he said the PhD GEO CALLS IT " DOUBLE SEQUENCE."

====HOLE 2 [UDER XTR] DRILLED DEEPER TO& found double 500M & FOUND DOUBLE the mineralisation======

OTHERWISE HOW CAN MR BIRD TERM IT A "MONSTER" AT "500M"??

So, on Monday, Tues or Wed, Hole 2 goes even further, that*s EXTRA CREAM TO MR BIRDS "500M MONSTER" TERM?

If others have a different take, then explains it to the folks who are asking on Fri.

Thanks.
News, Sat , 30 Jan 2021 @6:30pm
Page freezing so cant correct.

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