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I take it you mean this:
https://twitter.com/PureGoldRedLake/status/1557769734342422528?s=20&t=U3uwPDPX_GWKnyxecCubdg
This tweet from Pur has probably helped. One of many records set recently at PureGold. More to come.
Well someone likes it around here - could pop next week IMO if it holds on to c7p.
Everyone waiting for that single 50k seller lol
Who knows what happens next eh.
Bought more today Thursday 11th August @ 6.5p .. 16.67% spread showing above .
I suspect it's got to come back to $1,760 mate but then that's likely to be the low.
Broken $1800, Let’s see If this trend continues……
It really would - especially when you're cutting-off at 3.38 g/t which is 2x as high as most people profitably mine from ;)
Easy mistake. Haha
Rally in these unprecedented times of Very high Global inflation would be rather helpful.
superficially the geology looks great, largely because it is great ... as you say the big question is the finances can we generate enough revenue to service our now substantial debts as well as operational costs and still leave some cash as profit?
the junior end of this sector has always been high risk high reward, PUR takes that risk/reward ratio to a new level.
At least they remembered they have a London listing this time.
"The team is confident that the forthcoming updated Pre-Feasibility Study and Life of Mine plan will demonstrate the near-term potential of the PureGold Mine and lay the foundation for future growth."
If that has been said by anybody other than Mark O'Dea I'd take it as encouraging but given that he has been in the frame during the unfolding of this whole debacle I don't.
The 8 Zone is a real disappointment. Given all the work they claim they've done to see this at only 87,700 oz. when its the highest grade zone is a surprise.
But then again nothing with this lot surprises me anymore.
TDT
Tough read innit - those ounces at those grades really should be throwing off at least a billion quid in fcf for a 20x bagger from here but can they get it out for $1k per oz?
Should be real easy at 7 g/t you'd think ...
Ah - I ignored the Inferred ;)
At least one of us can't read/do math :)
It's now 1.65m oz from the 2019 MRE of 2m oz with a slightly reduced grade
$3b of Gold for $70m
Very surprised that the price has hardly moved. Let's see what happens when the Canadian markets open as they are front runners
If it's the bare minimum, no one will likely be interested until Pure can prove it is cost effective to extract.
If they don't then someone will effectively pick up $3.5B worth of gold for $50m with a lot of risk.
If they can prove that it can be extracted effectively then the prospective company could pick up $3.5B worth of gold for $350m with medium risk.
Either way the prospective new buyer is getting a deal, the shareholders probably won't.
Whether it is relevant I don't know ... but many say 2million oz of gold is about the bare minimum needed to get the "big players" interested in buying out a project.
Is it wild speculation to note the fact we've now been updated to 2.02 million ounces and guess about how this could be the first step of a marketing campaign?
Frankly I'd rather see us work through our problems and start getting the gold out the ground to repay our debts.
thank god.
Now how do they effectively get it out.
More than priced in already I'd suggest.
1.65 million ounces of gold at 7.4 grams per tonne - if this mob ever get it right then this is going to multibag at some point.
Bet someone knew it was going to be lower and sold....ah Canada...
Fat finger marathon is it?
Saw some of those over at HUM the other day, a similarly crushed goldy - who knows.