Smallacorns. If we had some inclining of a JV then it would help sentiment. I also think City of London are selling down their equity portfolio. This includes shares in TYM and SRES. The sooner they sell the better. City of London have changed their business strategy. This can be seen from their website.
The Doc-induced buys have disappeared and we are back where we were with heavy sells on Friday and more likely next week. I will dive in for a few at sub 0.4 if I get the chance, but it is starting to look like a damp end to the year and am not talking about the weather! I understand from Twitter that Doc is catching up with Patrick next week so we might get clarification on Cue and some of the other projects. If the PC and Doc double act was intended to create share price momentum then it hasn't worked and we clearly need a sense that something genuinely exciting is imminent. Target 5 or lots of gold will do!
Couldn't have delivered much better results, I suppose onwards to further testing before drill and then jorc? Extraction costs can be high and if a JV is considered, we need a very high percentage of ownership at $16
considering the quality of the sample grades. Ok, there is a long way to go, but average grades of 11.3 oz per tonne is around 320 g/t with highest grades in excess of 700g/t. These are the sort of numbers found in the world's top silver mines and given this, if the ore body is found to contain sufficient ore at these grades, the deposit could be a company maker. I wouldn't know where to start in terms of a valuation and it's probably way too early to speculate on the size of the ore body, but this is really starting to get interesting!
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