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Donold **
I won’t be doing that LW because personally I see Cora running a very long way
That said, if others decide to take profits and pile them into here, it wouldn’t be W bad move whatsoever. Extremely cheap for the projects it has. More than funded. Will nearly have 2 drill rigs of its own. I’ve still got a very keen eye and a strong focus on ECR, it’s just awaiting on the next news to push it on. CRESWICK and CT should be soon and will hopefully get this moving north at 2p again.
Agreed trek...cora doesn't interest me. ..well done to holders of cora ...I would be taking its short term uplift and piling it into #ECR
Dollar price of gold is only 0.04% down on the day.
Still $1810 so looking OK and sure it will rise in the coming weeks/months.
Remember that the POG was only bout $1600 when CB said in an interview last year that the DMS could contain up to $8BILLION of gold in the CresWick license.
Tto be honest I will be ecstatic even if he is proven to be 50% out ;-)
POG too easy to manipulate brought down with no trouble.
Not too late at Cora IMO - they are nearing completion of a circa 40 000metres drilling programme, and have so far reported less than half of that. IMO there are highly likely to be more world class intercepts to come, as they still need to report on Zone A (where they drilled the previous world class hole of 19m @ 31.56 g/t Au from 65m) and another 10000m from Selin, where they reported today's worldies (49m @ 15.55 g/t, including 8m @ 89.12 g/t Au from 99m, 32m @ 7.83 g/t Au including 4m @ 53.86 g/t from 45m) and several more high grade holes. Cora is likely sitting on a (multi) million ounce open pit deposit at shallow depths, 100% owned, and already has funding agreed for production. Its market cap of £37 million is looking paltry when measured against the likely size of resource it has. So a lot of the boxes are ticked. There is currently nothing like it on AIM in terms of the results being produced by a junior goldie. The one (and I would say only) big elephant is the political situation in Mali, but that has been going on for a while now and so far has not impacted on the mining industry. Overall, I do think Cora is worth a close, and maybe a buy on the next dip, especially given the guaranteed exciting newsflow to come there in the next few months. Apologies for the cross ramp, but Cora's results of late are worth sharing in their own right, never mind the cross ramping.
ECR's turn will surely come as well though. It's hard to see it remaining at sub 2p when it has two rigs on the ground. And before then, there are results to come and possible licence news as well.
POG should turn sharply soon 1830 atm.
The Private Labor jobs are out today in US, very underwhelming. Covid is still knocking the private sector especially travel & tourism. Most US bond yields have now turned negative and the inflation narrative pushes on. You even have a job getting lumber now!
From Fed today on CNBC app so no link....
“Federal Reserve officials have echoed the transitory theme but have vowed to keep monetary policy loose and interest rates low until the employment picture shows greater progress.”
That’s good for equities and gold.
Interesting that many small cap gold stocks have been pushed down of late. Trying to shake a few I guess!
Re CORA, we’ll done to those that bought. Not on my buy list as in Mali. Perhaps I should have bought though but I guess you gotta have some rules!
I (Mrs Trek) have been adding to PXC recently. Now 5 buys in. If you can pick up around 80p should do well. DYOR of course.
Re ECR, ran a dummy sell just now in her ISA and again they would take 1.5m in one hit. Wait for this. I actually got a decimal place higher sell for that than a sell of 100k! Just for an instant.
No doubt a lot of it is to do with the spread but read into it whatever you will.
Trek
Considering Cora has gone ballistic today I'm glad we haven't had any news, too much distraction! Although good to know Goldies are back in the spotlight.
If our Geo is right about Creswick holding pockets of $5-20m deposits we'll certainly have our day in the sun! and that's forgetting everything else on the table!
GLA!
So many options/possibilities.....and for only a £17m mcap
I think that's one of the interesting questions at ECR. Where exactly will they target and in what order when the second rig arrives. Will they have both rigs operational together at one licence area before moving elsewhere, or will they deploy them across different licences (like they have at present).
Options...
Just remembered the end of year is on CGO which is open pit heap leach and they have moved very quickly from purchase to mine planning , apologies for that.
Surprised that they have decided to take the new machine straight into Queensland so they appear to have made the decision that they will have proved up enough on the Creswick licence as was the original intention.
No there wont be a mine for years
2021+2022 is all about exploration. Structural drilling, find the higher grades zones, build up a resource and continue. This is where the near term value will come from at ECR, with HR3 playing a vital role with the Anticline being targeted probably in Q3. You'll need far more holes drilled to bring up a resource, which will normally be inferred. This is then followed up by additional drilling to upgrade that to "indicated". There are environmental submissions, feasibility studies and many other factors we need to tick before thinking about financing a production mine
We're in a very good position at ECR, and agreed Lucky, Blue moon looks brilliant. The sooner they can drill here again, you'll look to have a resource. I'm confident of a mine at Creswick, and Bailleston for that matter, just a while from our current position
I would have to listen to the full one again LW , (he didn't say end of year but I will have picked that up somewhere https://twitter.com/Brand_UK/status/1407681192846102528) open pit would be ideal as it will be very quick to turn through , depends on the JV possibilities though.
$5 mill to $20 mill pockets in Adams last interview should bring them in. https://twitter.com/ecrminerals/status/1418505448387489792
They know that Blue Moon is a good producer and just trying to tie some more in.
LO - in that interview, they said there will be a mine at both projects, but I don't think they said by the end of this year. I don't see a mine at ECR for some time yet, as we are still early stage exploration?
I reduced my holdings in a number of my holdings to put into Cora and like LW they've been smashing the results out of the park, 9th set of brilliant results
Still holding here and was fortunate enough to buy when it dipped to 1.5/1.6p. Still bullish and awaiting further high grade hits at Creswick, and hopefully Bailleston
When he and Adam were interviewed together LW .
LO - I stand to be corrected, but I think CB said that he wanted to get to a (JORC) resource at Baileston, rather than a mine, by the end the year. As it happens, I don't think we will get that either.
Hell no LW , they said 2 mines by the end of the year and I am holding them to it.
Just a back test of the 20 day ma, once PI's are out that want to be out then it will move forward as the warrant clarification is due now.
I'm in Cora and the results keep smashing the ball out of the park over there. Of course, its not in Australia though like ECR. We just need some decent results at CresWick/Baileston to give us lift off/momentum, or even news on the licences. But whatever happens in the short term, I'm thinking of ECR in terms of the next 6-18 months, because in that time we WILL have two rigs on the ground, across three project areas, and we WILL have two more licences at CresWick. That makes ECR a really strong candidate for a stellar performance in 2022. Maybe we need to treat sub 2p as accumulation for next year?
Did someone dump their holding to jump into Cora, spectacular results there and I will guess they did ?
They could be taking a holiday , twitter feed gone very quiet and surprised that Craig wasn't on the blower waxing lyrical about the new drill as it is a huge step forward for the company.
Correction ( Biggies ) !
Gearing Up For The Biggy ?
Most Clues Have Come To Fruition!