Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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Totally agree I think this is still a strong buy at this level, but people need to aware of the ground they’re investing in. This will move to higher levels after all drills are completed, but why not give people the full enlightenment of your research as to what sort of mining will be used to extract the minerals.
Anyone who’s read rns, understands they’re
2 majors wanting in on this drill and after watching the ceo comments will understand there is value to be gained.
Hi SnB, your comments are noted. Maybe we should both wait for OMI JV Partners to determine the way forward.
However let me just add, I do not favour any sort of mining that is not responsible towards the environment, I would expect anything we do which might damage the area, to be restored after we complete mining operations, that includes protecting the water table, restoring the land and re planting.
As a Mining Co and as responsible SH we should expect OMI to behave in this way, which would require Funds set as side to make good.
Great post MiddleEastmoney, just need to be patient and wait for the good times to return. Top ups galore
Not sure about open pit, Turner and pope wrote in their synopsis of the rns : Favouring underground mining for APTA
Possibly one of APTA’s key planning takeaways is that it needs to demonstrate a high enough metal value/tonne to support underground mining, as it is considered that an open pit is now unlikely to be successfully permitted on Colombia’s Mid-Cauca belt. This has already been demonstrated with major low-grade porphyry projects like, for example, AngloGold Ashanti’s La Colosa that is ultimately likely be abandoned on such grounds, as was Greystar Resources’ seemingly ill-fated Angostura gold deposit which similarly stalled a decade or so back. Contrasting with the relatively dry condition of the naturally draining Altiplano region of Chile, these projects found themselves located in a rugged, hot and wet part of Colombia, meaning that not only would the ‘scar’ that such surface mining creates on the landscape raise the hackles of environmentalists, but they also create complex and expensive problems when dealing with waste and tailings disposal in an ecological manner. Moreover, APTA’s ore has a high sulphide content which becomes mixed with rainfall in the region’s ambient temperatures, suggests acid drainage could also become an issue. Such problems of course do not arise when working underground, given that there is little surface footprint and little or no waste given that all tailings are simply pumped back underground as backfill.
Last Mondays RNS refers you to a diagram on the company website, if you have not viewed it, I encourage you do so.
1f you carefully work your way through some of the data, you can discover the following.
MAP 073 = approx 145m sub surface 7.2m thickness at 17.7 gr/ton Au
MAP 073 = approx. 1.2m thickness at 96.4 gr/ton Au
And
MAP 076 = approx 180m sub surface 10.3m thickness at 5.39 gr/ton Au
MAP 076 = approx 1.95m thickness at 30.8 gr/ton Au
These are fantastic results, fairly shallow, open pit. Look at the color coding of Purple and red on the cross sectional chart :)
As we will now have 4 drills starting the next drill program (already started 3 drills the 4th any day now) we can expect more assay results on a regular basis, both stepping out and infill drilling, exciting times as we slowly build a ‘jigsaw’ puzzle, filling in the missing info.
I have taken the opportunity to top up not once, but three times this week, other peoples impatience allows me to ratchet up my holding in OMI. For me, this is a question of 3 steps forward to 40p, two steps back to 25p. The share will become less volatile as info firms up not only the size of the discovery, but the grades and depth, allowing some calculations in the value of the gold vs extraction costs.
I am quite sure we will be way past 100p by year end, with the likelihood of more urgency in the drilling, as more and more drilling rigs added, as the picture reveals itself.
Do not listen to a word I write :)
DYOR and GLA