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I do. But I haven't seen any figures suggesting that per frac production would fall to 12.5 bopd after 3 months.
I suggested the pre drill expectations were 25 bopd per frac, rab seems to suggest that it will be half that after 3 months. I haven't seen that guidance so asked for it as it doesn't match what the company has said to the best of my knowledge.

Can I back this up by asking what you think the production model shows for each production well over its LOL?

Those are the declined production rates, to the best of my knowledge. Their presentation said that alkaid 1 produced over 100 bopd from a single none production frack. I said their production plan before the improved oip etc was 25 bopd.

Pre drill:
750 bopd per 5000ft. So on average 25 bopd per a frack segment.
There was an interesting line that they are holding off their winter plans until the flow test and results can be analysed.
Also we know from the RNS that the Alkaid has more OIP and better recoverable charecteristics than they planned and expected on the vertical - the lateral has improved further.
So are we looking at better figures? It seems to be what they are hinting at. If we plug in 35-45 BOPD per a frac segment, we get 1050 bopd - 1350 bopd. We get revenue of $102k - $144k a day depending on Oil price ranges. $3m - $4.3m a month.
So what if the potential plan for winter is to get 2 more production wells in place, then a further 2 more in summer, before a winter campaign?
If favour of this - we have some a very cheap and easy well - pads in place - possible a second lateral from Alkaid 2 (if thats possible after the set up, I know that's the plan for future wells. If this is possible it would be incredibly cheap).
Low risk - it would also be a much easier winter program and put Pantheon in a better place re a takeover.
So under a plan like this by Oct 2023 we could have as many as 5 laterals providing 9000 BOPD and generating $25m a month.
It wouldn't even require any placing, as funding would be available through debt funding with such an easy model.
It would also mean that we had lots of money by oct 2023 for the more risky winter exploration drills and more production wells.
The company has lots to think about over the next few months but even with its current MCAP its future is nothing short of incredible.

Quite possibly their best drill to date from an operational pov. It shows what can happen up there when the temperature isn't -50 and a snow storm
"initial analysis indicates significant improvements in reservoir quality which has the potential to lead to upgrades of the current resource estimates for all targeted horizons."
It really could it have gone better!

Forgot to add, we are the highest climber in our sector. Not bad for a low volume day and a metals update...

A good day today - back above 4p and the best close since june. Quickly recover ing back to the 6p Mark which seemed to be the kind of equilibrium before.
The rns was solid. Recovery and metal production sounds pretty boring but we need to show we can produce the commercial concentration and how we do that. The answer is very boringly and quite cheaply. The economic model when it's produced will carry more weight with this kind of info and importantly there isn't anything there that will worry or scare away any buyers.

Good day, maybe 4.5 - 5p by the agm?

The copper price has really risen.
https://mobile.twitter.com/IcebergShares/status/1558179363690106880
The gold price is doing well
Xtr is really really primed to go up sharply.
I don't normally make price predictions but this is screaming loudly.

Very much agree. An RNS is quality controlled.
Personally that’s why I can’t wait for the jorc - whatevr it’s size. Like an RNS it has a degree of legality and meaning that can’t be walked back from.

I don't understand why you would take a CEO-chairman on his word wrt targetx. It's like believing a used cars salesman or even a new car dealership where they say a car can do70 mpg but in reality it's nearer 45.
Nobody is saying he's lying, but a future projection is NOT a fact, he a forward statemen t.
That being said I have no doubt the license contains more than 2MT.
I've said many times how ambitious 2MT is and even 1MT is worth far more than our current mcap.
I don't understand being cross with a CEO because he's only making your 100-400% rather than 500-1000%.

Btw copper is continuing to rocket up (at least in commodity terms) back above 8000t.

Agree steve, he's being a useful hook atm to show why xtr is different.
Xtr is different, at least for me. I am not invested in any other Colin stock for various reasons.

Kwa, if you're not heard of eureka - which was funded by empress and is a large scale gold complex operated independently which has just gone into production and which has to pay us for every ounce produced I am not sure you're worth listening to.

Kwa, um.... You are aware that we haven't had a placing for 12 months- have no plan for a placing - have income from alluivials and have just started to get income from a major gold project?
If your goal was to remind folks that xtr is different and doesn't need placings well done!

Gold (at least from the chart I use) has gone above 1800 - which is pretty bullish
Copper has been rising again just shy of 8000 t. Which gives it the highest rise since it fell from 10000 t. Copper might just be entering a bull phase.

The price extensions are rather poor indeed....not for xtr but for the market makers.
It looks like they basically have SFA shares and don't want to keep any as a way of reducing risk.
It means they take it down and up really really quickly, then have to use auctions to try and level the market again.
I know this happens occasionally but it should be with volume 5 or 10x this.

Oh well, we've got some assays at ascot to come...gold production figures and the reveal of the jorc.

It was opportunistic at best and plain insulting at its worse...not even a YTD high.
It does show that the desired flavour is low risk - safe environments with copper nickel gold.
I have to say it again, if we get even 1m tonnes of copper it's inconceivable that it won't be developed.

I hope the poster mentioned does well in his investments. However I do think he's wrong. Imo the jorc for RC will be next month.I think the jorc for ascot will be oct. There will then be a second jorc for ascot after the 3rd phase. For the economic model of RC it's totally dependent on what Colin wants to do..

Lucky, sorry I fully stand by what I said. If the sector that xtr is part of on the LSE has fallen 50% - it is perfectly average for xtr to fall 50%. Obviously there are other factors at play, but that must be the main one.Comparing xtr to a company that provides medical treatment s or IT software makes no sense, at least to me.
The sector has well and truly stabilised so it certainly looks like the bottom. If I any folks want to sell at the bottom in a low liquidity environment then that's up to them.

Lucky, we need to be a bit more relevant with our facts.
The precious metals sector on the LSE has fallen from a high in Feb of 18,000 to a low in July of 8940. For good or ill, XTR is part of this sector. So in comparison to that we are pretty average. Certainly if i look at the likes of the companies, which have come down by 30% or so from their peaks (and just started to recovery) it seems a reasonable fall.
XTR has been bashed a little in the last few weeks, because of sentiment, but its hard to direct much of that to Colin. TBH volume is so low that a few people selling and or buying can raise the SP or lower it, very easily.
Of course we will all have our opinions as to why, but it could be a couple of large holders needing to sell to fund a pension withdraw and have nothing to do with the company.
I am not universally happy with everything I don't think that anybody would be with any company. I do think he has over promised (I remember getting cross at one of his interviews last year). I have never brought into the Tier 1 talk and generally have lower valuations than him.
However despite all this, the company is clearly valued far far too cheaply atm.
Whether or market is holding off for actual gold production and income figures before truely valuing Manica or whether it wants to see a JORC before valuing BR, I don't know.
I've said it many times, but there is far far too much emphesis on the AA contract IMO. If we get 1m tonnes of copper we are already talking about one of the biggest undeveloped Copper-Gold projects in Australia. It won't go unnoticed imo.

But anyway, the gist of my post is that we are in the same boat as the rest of the sector. Without the need to raise funds and having no debt, it's difficult to see many of the companies in our boat being in such a good position as we are. IMO

All director buys even £100 must be declared.

Just my gut but I think it was a Colin buy.