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Beats me
Lots of buys today to sells and MMs happy to keep this down. No big sells printed this afternoon.
Alliance News:
Bluebird Merchant Ventures Ltd - gold development company primarily focused on South Korea - Says it has commenced the work required for the submission of a mining project feasibility declaration for a mine at its Lobo high-grade gold target, located within its Batangas project in the Philippines. The declaration of mining project feasibility, alongside an environmental compliance certificate, are the two main outstanding compliance permissions for the project, Bluebird says. Local contractors have been appointed to complete the necessary workstreams and studies.
This should be blue later
136k bought today till now and 30k sold. Mms taking the P here
Are bailing this is an absolute gamestop moment cfd closing down jjjjjjackpot
Lots of big buys from earlier will be printed during the day and after hours. Mms holding this back
Align Research also active and reposting with commentary. Interesting the company took down the message about the interview and Aiden flying at the moment - mmmmm wonder where he is flying to or from?
We are some way off production yet but always good to see POG in the ascendence - after all it's our future revenue source.
Currently $2373 and rising
Bluebird CEO Colin Patterson said, "Momentum is everything, so I am delighted to announce the next step in the advancement of the Batangas Gold Project in the Philippines. Work streams towards both the Declaration of Mining Project Feasibility and the Environmental Compliance Certificate, the two key outstanding compliance permissions for the Project to advance to the production decision, are now underway. As in the case of Gubong, where we recently announced our second free carry JV structure, the project development is being funded through a JV, with a local company who has in depth local mining experience. All the work streams including production of the mine plan based on an initial 10 year mine life and a full resource model to significantly scale the initial 82K oz Au, will allow us to fully understand the production potential of Lobo.
"Mining in the Philippines is being actively promoted and we feel that together with our two high grade South Korean projects we are in a great position to take advantage of the highly favourable long term gold price environment. With both Gubong and Lobo under JV, going forward and multiple work streams being implemented, we will be highly active on the news front and be able to communicate developments regularly which will be to the benefit of all stakeholders."
The Lobo licence covers 1,164-hectares. Multiple high grade target areas have been identified and include the South West Breccia ('SWB'), West Drift, Japanese Tunnel, historic Lobo copper mine, Camo, Acacia, Pica, Balisong and Ulupong prospects. Lobo has an initial Probable JORC Compliant Ore Reserves of 171,000 tons at 6.6 g/t for 36,000 ounces of gold excluding silver credits based primarily on the South West Breccia ('SWB') area of the licence that can be mined in the first 18 months of any operation. There is an Indicated resource of 82,000 oz Au that is perceived as easily convertible.
BMV are active again - looks like Aiden will be doing a StockBox interview tomorrow - good stuff - spreading the word!
Another 6M purchase in early trading by one investor by the looks of it. And so it continues
Given the low MC and the potential upside and relatively few posts here, its clear to me that this is still under the radar to a large degree. Its giving a few an opportunity to load up in significant numbers. Interesting to see whether we het any more TR1's but the onus is on the purchaser and not the company to declare.
Some large purchases by the look of it
JWB- spot on - the grades are amazing and very shallow to my understanding which should reduce the AISC I would have thought. Has anyone seen any indicative AISC?
Lets hope AB does another interview to highlight and promote.
The Lobo licence covers 1,164-hectares. Multiple high grade target areas have been identified and include the South West Breccia ('SWB'), West Drift, Japanese Tunnel, historic Lobo copper mine, Camo, Acacia, Pica, Balisong and Ulupong prospects. Lobo has an initial Probable JORC Compliant Ore Reserves of 171,000 tons at 6.6 g/t for 36,000 ounces of gold excluding silver credits based primarily on the South West Breccia ('SWB') area of the licence that can be mined in the first 18 months of any operation. There is an Indicated resource of 82,000 oz Au that is perceived as easily convertible.
Additionally, the Lobo licence area has multiple epithermal and high-grade targets already identified for resource expansion with 15km of identified mineralised structures with results across the nine identified targets yielding excellent results. These include 2.1m @14.4g/t Au and 3m at 12.1g/t at West Drift, which already has an Indicated and Inferred resource of 350,000t at 3 g/t Au, 8.35m at 18.3 g/t Au and 6.0m at 31.2 g/t Au located immediately west of the SWB Extension, 19m surface channel sample with intersections of 19m grading 9.8 g/t Au at Ulupong and trenching at Limestone Target yielded 3.5m at 25.9 g/t Au including 1.5m at 56.8 g/t Au.
And we still have Kochang up our sleeve - news could drop on that at any time.
The 4 x 5m are shown as dated 13th May 16.15 ish yesterday on trade data here, also I checked on London Stock Exchange BMV trades page.looks like reported late.
Either way, they are X’s
Looking at the large trades of
2x 5m
2x 5m
2x 1.5m
2x 1.5m
All X’s so, 13m sold and 13m purchase.
If I recall they have to do the X between the touch, which is best bid vs cheapest offer, so looks like X at the higher end though all looks genuine.
Anyway, I’m in and sticking tight.
Good luck all
We are sitting on a gold mine and price of gold looks good and higher
Large trades today look like rollovers, put throughs, agency X - called different types though create a genuine trade of seller and buyer, perhaps between 2 funds, bed/isa or bed/sipp etc
Humour me
10k at POG 2300 / AISC 800 x 40% = usd 6m
60k at POG 3000 / AISC 1000 x 40% = usd 48m
100k at POG 3500 / AISC 1200 x 40% = usd 92m
What price earnings ratio on miners at that point?
Not impossible numbers given time. I even included inflation for the AISC and down played where POG could go - some say 5 to 10k is not impossible.
Tuesday evening dreaming
ATB
Worth repeating this from the RNS
Gubong is the larger of two 100% owned gold mining projects in South Korea. It was historically the second largest gold mine in South Korea and the Korea Resources Corporation estimated 2.34Mt at some 6 g/t Au garnered from 57 drill holes over 17,715.3m. It is an orogenic deposit, which typically have a depth of 2km compared to the current depth of 500m. The Company believes it has a potential resource of +1Moz Au in-situ, plus an estimated additional 300,000 oz Au from satellite ore bodies. Having completed extensive analysis of the historic data, it aims to bring the Project into production with a medium-term target of 60,000 oz Au per annum rising to 100,000 oz Au.
100k oz pa!!!!!
That’s why I have accumulated £50k worth …could be a life changer
Just 1 share at 1.05.
Games being played