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The recent tweet an early indication of core shows?
Shows at Felix and also Lamaune essentially prove up the geologist's belief (Chris Cooper) that it is one long strike..
This in turn really starts to push the gold resource into Bill's 5Moz range (ref his Proactive presentation comment) and would easily push the NiEq to 100k tonnes++
Up to the buyers now to make an offer which gives them room to grow and exploit the resource whilst also recognising that they're not just buying 1.5Moz and 74k tonnes
..and that is down to Bill & Glenn's negotiating for what premium they can extract for us shareholders
Sadly Sportbilly I think you're wasting your breath posting here.
We have multiple expert geologists who are bullish about the expansion potential and have spelled it out repeatedly already.
Chris Cooper has said that he's convinced Felix is a BAM repeat. He's been around the block and has his reputation to think about. It's his livelihood. Bam is still growing and assuming Felix is a repeat of it, this is unquestionably multi-million ounce.
Brian Fitzpatrick, the principal geologist at Cube has forty years in the business and holds specific expertise on gold deposits in archean greenstone belts. It's quite clear from Cube's comments in the NI 43-101 that they expect this to continue to grow. They have to be careful about what they say as the quality of their work and the faith that can be placed in it is their entire business. A few duff reports and their reputation is done.
Bill has publicly stated that he thinks there are 3-5moz to be had from surface mining alone. Say what you like about Bill, but he knows his geology. Yes, he has a clear vested interest, but would get himself into a lot of bother by making careless statements. Furthermore, he would have been laughed out of the room by other industry experts on May 26th and he certainly wasn't. If anything, Bill appeared to command massive respect from his peers. Their opinions of him were so diametrically opposed to folks on this bb that it makes you wonder if the internet is actually a parallel universe. 3-5moz is not a fact until it is proven with the drill bit, but the probability looks very, very good to the trained eye.
This company is undervalued for it's defined resource based on NPV/IRR of the proven gold alone. The experts think that it is significantly bigger and the company is frantically gathering evidence to further corroborate those expert's claims with its current sampling and exploration drilling efforts. It is becoming too good and too tempting for bigger companies to ignore.
That said, it still trades like dog dirt.
The crowd simply aren't interested in buying a slice of a company at a fraction of it's true value having done proper research about it's geology. I wait patiently for their arrival and will laugh when they all try to pour in at the last minute based on one pointless metric or another. They are not investing. They are simply playing a largely pointless poker game with one another.
Most folks can't even be bothered to download, read and understand the NI 43-101 from May. If the decades of geological experience among people who actually understand the value of the property are totally ignored, then you can also expect to be totally ignored sportbilly.
If the route to making exceptional money was doing the same as everybody else we'd all be rich and by definition that can not be the case.
I look forward to being ignored too.
Given the social media posts this week, I wonder if there have been some positive indicators coming from the summer sampling and rills?
In addition to the soil sampling leading them to extend out to the autumn, potentially the drill cores could be showing things they like too - they are expecting to hit nickel and gold...just a case of grades and strike intervals
Good hits at Felix and especially on the approach out to Lamaune could well indicate mineralisation evidence to support the belief that BAM_Lamaune is in fact one continuous resource zone
hTtps://www.landore.com/pdf/Junior-Resource-Exploration.pdf
Messaged the Company yesterday for Confirmation of start of drilling and for any update on the soil sampling.
Drilling commenced on the 26th July and soil sampling is ongoing throughout the summer to mid-autumn.
Given this was supposed to end mid-August, one suspects they have had better than expected results and so are extending the range/area being sampled?