George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
AG1989 - those are some fantastic holes and similar to Sanankoro. I didn't quite appreciate how promising our other licences appear to be as i've solely invested on the basis of the story unfolding at Sanankoro. So Cora is primed to develop into a mid tier mining company re Sanankoro but also with an exploration arm (and the funds) to find other sizeable deposits.
It just gets better and better. Can't wait for the next broker note, unless they are going to wait for the resource upgrade before issuing one.
Also, from the drilling on the Tekeledougou license in 2018
17m at 6.8 g/t Au including 1m at 102 g/t Au
Serious potential here beyond Sanankoro. Not surprised in the slightest full focus is on Sanankoro, but once that cashflow comes in and we can expand operations elsewhere, WOW!
Location Yanfolila Gold Belt, Southern Mali
Project Area Four permits encompassing 310km²
Targets
Tekeledougou Permit
• 56m @ 2.2 g/t Au
• 17m @ 6.8 g/t Au
• 1m @ 35.7 g/t Au
Tagan Permit
• 43m @ 1.2 g/t Au
• 25m @ 1.1 g/t Au
Infrastructure 8km from Yanfolila Gold Plan
Sneak peek of what we have going on elsewhere
Share price has bounced nicely off yesterday's gap, which is always a good sign and hopefully means we now have a new support/baseline going into the next set of results.
Given that the plan is for Sanankoro to go into production next year, I think it would be interesting to focus on the other projects in Cora's portfolio. I must confess that I have not spent much time or attention on them, but will take a closer look.
And i know LW, your a great poster. I've just seen it numerous times across many boards, the "GGP comparison" and i don't really want to be one of those boards.
We have the Gold :D, we have the finances, we have the pathway to production, an EASYYYY BUY
Icing on the cake, if we were hit with a Brokers rerate right in the midst on Cora's largest ever drilling campaign
I'm also not comparing Cora to GGP in terms of the size of resource. The only comparison is the high expectancy when it comes to the drilling results, where its similar here to how it was at Havieron last year. I do agree with AG1989 that or current sp is not reflective of the value of Sanankoro - a view also shared by the broker's note, but that (hopefully) this is about to change in the coming weeks and months.
Markrops - that is true, but you also need to factor in that we own 100% of our deposit, whereas I believe GGP own 25% of Havieron. 1 million is at the lower end of Cora's exploration target btw.
isn't
Yeah i prefer to keep the GGP comparisons to a minimum. That really is a world class Tier 1 deposit, but it still doesn't mean there is substantional value to be had here
The one comparison i would make is i can see similiar rises, with exceptional results. Don't underestimate what their JV connection with Newcrest has done for them and they're clear pathway to production
We own 100% of the project and it starts at surface. We can create value in separate ways and should focus on that. Treat Sanankoro as an individual entity and we're on for a huge win. The BOD are well connected, as our our largest shareholders. Buyout? who knows?
I personally believe the gains start now, with these low averages. And by the time we've released a resource upgrade, submitted a feasibility study and triggered the $21m term sheet, we'll be multiples of the current price
Sit back, enjoy the ride, enjoy the growth and know news is just around the corner
To be compared to GGP we will need the resource update to happen.
GGL is a 4mil oz project. I think at one stage they thought it might be as much as 10mil oz, although they have focused onto one area more now in Haverion.
We are at 280k oz. That is a massive difference. Of course the results so far show a much larger resource,but how much larger than expected we wont know until they update.
1mil plus would be epic and possible, if not a little ambitious.
The sense of anticipation/expectation when it comes to each set of drilling results is certainly very similar to what I felt last year with GGP when Havieron just kept on delivering. I feel hopeful that we might end up with (multi) million ounce deposit here at Cora. Like AG1989, I do feel that the best is yet to come, and we have ridiculous grades and lengths coming out of more than one zone/area now. Can't wait for the next set of results, which should land in 2-3 weeks.
What do people feel is a realistic valuation/share price target here?
Lots of people comparing CORA to Greatland Gold. I believe they are right as GGP was in the same position less than 2 years ago, publishing multiple high grade RNS's.
This highlights CORA's potential which is standing at 20x less than the GGP Market Cap.
Strange one at GGP. Honeymoon period seems well and truly over, I hold too. It can be a very fickle place the AIM at times. A lot of investors temporarily backing the winner in the midst of huge success.
The flippers are out and it plows on. Delivering world class grades at Havieron whilst exploring its additional options within Paterson. If they strike on the Juri JV, I think you’ll see a lot over movement over there, and I mean a lot. Until then, who knows.
Cora has it all for me. Some investors turn their noses at Cora and invest elsewhere in “safe jurisdictions” waiting 6 weeks for a “0.4m@17g/t” highlight hit. Not knocking those who use the jurisdiction factor as a Golden rule, each to their own. But on a personal basis it’s all about the project. You can run a company as well as you want, but if you don’t have the Gold or resources to build a future, it’s going nowhere.
We have 265,000 oz inferred resource
£4m in the bank
$21 term sheet signed for next year for construction
On the verge of competing 35,000m! Of drilling
Hitting world class intercepts:
19m@31g/t
49m@15g/t
32m@7g/t
New high grade zones being discovered
20,000m to be reported over the next 2 months
Followed by a resource outside and a 2021 feasibility submission
Current resource all within 100m of surface on shallow oxides (free digging to fast cash flow return, limited to no rock crushing involved)
I know where I’d rather be. Im leveraged in numerous companies throughout with AIM and have high hopes for a lot of them. I don’t see near to mid term growth at a level as I do here. It’s a brilliant company and well done to all holders.
More assays imminent. I think with the Selin DD and follow up on Zone A&C to come, the best is yet to come.
Cora's market cap is £40 million. I think in 2020, on a resource estimate of 250k ounces, the risked value was 18p and that was considered to be excessively prudent by the broker with only £4 million added for exploration upside. The most recent broker note (15 June 2021) makes clear that "there is clear potential for Sanankoro to be a multimillion-ounce deposit with further successful exploration results." The "exploration target" is between 1 and 2 million ounces. Since this note, Cora's exploration results have been nothing short of sensational. If the resource comes out at 1 million ounces, which is the lower end of the "exploration target", it represents significant upside for Cora. It's anyone's guess what the revised broker value/target will be given where things are at right now.
I had a million GGP at 1.75 and sold for a small profit but did get back in with 500k at 5p when the market woke up to the fact that Havieron was something very special, a Tier 1 asset and near time monetisation but GGP's falling percentage ownership of the licence has caught some buyers unaware
Edgein's a buyer of CORA. He's a knowledgeable poister on ADVFN
As an indicator of potential success with CORA I hope I can both enjoy substantial success here and also heal the pain of my GGP experience. Not so long ago I was invested in GGP and despite fantastic RNS after fantastic RNS the share price barely moved. I finally sold for little over 1p being so frustrated that the market either disbelieved the drill results or thought them immaterial. I even remember chunks of gold being shown to back up the claims - again nothing seemed to happen to the share price. After I sold the rest is history - a 30 odd bagger lost. Quite what the catalyst for change in market sentiment was I do not know. However CORA is still a fraction of GGPs recently diminished but still considerable valuation. I don’t have the technical knowledge to compare the two companies but suffice to say this posting is to demonstrate the stratospheric potential that such companies can enjoy. I hope CORA is second time lucky for me.