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Michael Masterman talks on WRES potential & Tungsten market Watch here

Michael Masterman talks on WRES potential & Tungsten market


Condor Gld Share Chat (CNR)



Share Price: 67.50Bid: 66.00Ask: 69.00Change: -0.50 (-0.74%)Faller - Condor Gld
Spread: 3.00Spread as %: 4.55%Open: 68.00High: 68.00Low: 67.50Yesterday’s Close: 68.00


Share Discussion for Condor Gld


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Patryk221
Posts: 1,647
Off Topic
Opinion:No Opinion
Price:55.50
RE: Recommendation in MoneyWeek
27 Jan '17
Oh well if someone will buy it then we are looking at minimum x 2-5 from the current levels, funny from last few years, no matter what we release to the market our SP does not move...we need that Permit!!!
 
Guern13
Posts: 10
Off Topic
Opinion:Strong Buy
Price:55.50
View Thread (5)
Recommendation in MoneyWeek
27 Jan '17
Nice to see Jim Mellon giving CNR a bit of exposure in MoneyWeek today on the roundtable panel - his two recommendations were CNR and Gilead Sciences (Nasdaq:GILD). In a discussion on the merits of investing in gold miners he said:

'The old saying is that you rent these stocks you don't own them. But some of the mining stocks were fantastic last year. I've been investing in Condor Gold (LSE:CNR). It sits on what is potentially a five million ounce deposit, and someone will buy it - I'm pretty sure of that. The market cap is around £30m - £40m.'
SeriousPunter
Posts: 426
Observation
Opinion:Strong Buy
Price:57.50
RE: quetion
27 Jan '17
Jibbo - If it's that simple, surely something must be getting in the way. I can't believe the Nicaraguan Government haven't got any lubrication to get the machinery started, despite some of the protesters wanting back-handers. The quicker CNR can start production, the faster the government can start receiving revenues.
cambells
Posts: 3,127
Off Topic
Opinion:Strong Buy
Price:57.50
question
27 Jan '17
Would be far better if more of the land was purchased before the pc hopefully news soon
Jibbo
Posts: 16,890
Observation
Opinion:Strong Buy
Price:57.50
RE: quetion
27 Jan '17
cambells, no we don't. It's just a matter of getting all the relevant groups and departments to find a suitable date when they can all attend. Hopefully soon....................................
cambells
Posts: 3,127
Off Topic
Opinion:Strong Buy
Price:57.50
quetion
27 Jan '17
Need to buy the land first
Patryk221
Posts: 1,647
Off Topic
Opinion:No Opinion
Price:57.50
RE: Question
27 Jan '17
Yes we don't have the money for it ;) I don't see any other reason behind it...
SeriousPunter
Posts: 426
Question
Opinion:Strong Buy
Price:57.50
Question
27 Jan '17
Is there a reason why the Public Consultation has not been started yet?
Jibbo
Posts: 16,890
Research
Opinion:Strong Buy
Price:58.00
View Thread (2)
calcs
27 Jan '17
At inferred spacing of 100m and assuming a depth of 200m (similar to the La India vein) as well as confirmation of width and grade by holes/trenches above and below the holes reported to day the ounces found are as follows:

100x200x7.85x3.75x2.5/31.1 = 47,327oz

100x200x7.85x2.95x2.5/31.1 = 37,230oz

100x200x17.1x1.74x2.5/31.1 = 47,836oz

Total = 132,393 oz

A nice start!
cambells
Posts: 3,127
Off Topic
Opinion:Strong Buy
Price:58.50
View Thread (2)
well done
27 Jan '17
Condor Gold (AIM:CNR) has moved a step nearer proving its La India acreage in Nicaragua is part of a sizeable mining district with the results from drilling one of the satellite deposits.

A scout drilling programme at Cacao indicated a significant dilation vein between La India and another deposit at Andrea Corridors and also that the prospect is the top of an epithermal gold system.

Intersections from the drill holes included 7.85 m at 3.75 g/t gold, 7.85 m at 2.95 g/t gold and 17.1 m at 1.74 g/t gold in three, with the Cacao vein open along strike and at depth.

Condor added it had now completed scout drilling at three satellite targets Cacao, Real de La Cruz and Tatescame with the next target the Andrea Vein 4km away.

Mark Child, chief executive, said that it was making progress in proving up the scale of opportunity at La India, adding the vein at Cacao is comparable to some of the best intersections on the La India vein.

“It is important to emphasise that Cacao is at the top of an epithermal gold system, preserved because the regional Highway Fault drops down the entire system towards the southeast.

“The Cacao vein is open down dip and along strike with signs of being substantially bigger and is prioritised for further drilling to expand the mineral resource.”

La India currently has a resource of 18 Mt at 4.0 g/t for 2.31Mln oz gold while Cacao contains 590,000 tonnes at 3.0 g/t gold for 58,000 oz




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