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GK,
Good post sir.
Think your 7p target might bit a bit conservative.
Just at Kapunda Gold & Copper would translate well over 20p a share in my view with Gold as FREE carry.
Gold ounces from Kapunda would be FREE carry with ZERO extraction cost as it will simply be extracted from the Copper solution using Solvent extraction method.
This is truly MASSIVE...
Market has NOT even caught on to this yet.
Few 100,000 ounces of Gold extracted and sold @ $2,000 spot Gold price would be worth millions of $$$.
100,000 @ $2000 per oz = US$ 200 Million
200,000 @ $2000 = US$ 400 Million
300 000 @ $2000 = US$ 600 Million
Above is just for the GOLD from Kapunda deposit.
1. Molyhil (100%) – Tungsten and Copper
• Molyhil granted ‘Major’ project status by Northern Territory Australia Govt.
• Ongoing discussions with interested parties for project finance & Off-take partners
• Regulatory approvals already in place
• All ground work already done and ready to go.
2. Bonya (40%) – Tungsten and Copper
The project is held in joint venture between Arafura (60%) and Thor (40%) with Thor acting as manager.
White Violet - Inferred Resources of 495,000 tonnes
Samarkand - Inferred Resources of 245,000 tonnes
• Both deposits outcrop and remain open at depth, while Samarkand, in particular, shows potential for strike extension to the copper mineralisation.
• Option to acquire 100% interest from American Vanadium Pty Ltd.
• Due diligence completed
• Very high grade Uranium & Vanadium
• More recently Vanadium has developed a significant market in battery applications with vanadium redox flow batteries used to store and release large amounts of energy.
• American Vanadium Pty Ltd has 100% interests in 199 contiguous claims in the Uravan Mineral Belt in south western Colorado, and 100 claims in south eastern Utah approximately 40km north of the town of Moab.
• Ongoing discussions with various US parties to secure investment to advance project.
• Pilot Mountain tungsten project in Nevada USA, hosts the largest reported tungsten resource in the USA - a country which has defined tungsten as a critical mineral, but has zero domestic production.
• Ongoing discussions with various US parties to come on board as a ‘Strategic Partner’.
• 120,000 Tonnes of Copper and several 100,000 ounces of Gold
• Low cost of production
• Successful technical feasibility done for Copper production
• Govt. Cash grant of up to A$3.0m being used to advance Kapunda
• Highly promising gold values, including 95metres @ 3.06g/t
• Copper values higher than expected for the area, as it is off the existing mine site and gold assays confirmed the presence of gold in the system.
• 1/3 of all holes drilled for Copper found Gold in them.
• Solvent solution method for Copper, also extracts Gold as part of the process at ZERO cost
'Moonta deposit' has additional +114,000 Tonnes of Copper.
It will be interesting to see if there's any news from down under later tonight. The stock suddenly jumped from 12.30pm this afternoon and at one point was up 25% on the day on a few big buys after having a very quiet Tuesday morning.
All looking good, lets see what happens in the morning.
Re next funding block to arrive, I would expect the 1.3p warrants to get exercised long before THR shows any sign of running low on funds.
At around 1.6 to 2p some 73m warrants would raise approx £1m for an 8ish% dilution.
I see that as far more probable than any revist to a 0.2p placing as touted on another channel.
Commods, miners and in a more geared sense explorers will just keep rising in this covid driven and desperate reflation money wall unfolding. That will only end when higher interest rates finally have to happen to forstall the necessasary real inflation required to reduce real debt. Something not seen now for ten years plus and something a good few years over the horizon from here. Before then assetts can only balloon.
THR target 7p.
GLA.
GK.
Assey results due... maybe tomorrow?
On what caused the sudden jump? Was at work all day and just clocked today's rise.
Yes quite a few 2m and 1m trades.
Just appeared, a few through the day too.
We'll see.
Said the blind man.
Negative posters always turn up when the SP starts rising... lol :-0
Copper up +$231 per tonne at $6573.67.....wow
233,000 Tonnes of Copper from Kapunda.
Not even included GOLD from Kapunda yet.
This is a monster deposit.
We'll see.
Bsg....been spouting placing since this broke out 2 months ago...coz he never bought in. Keep waiting... Market waits for no one.
Company already raised funds in June and fully funded into 2021. On top of that getting another +A$1.0m from Springfield Gold royalties.
Last push for the forward sellers for placing?
Already had 2 attempts to break 0.79 the 52 week high just 2 weeks ago. Since then we have had good consolidation.
We could push past 0.79 on 3rd attempt on next RNS incoming....
P&D?
best year in a long time,this one,especially from march onwards.
Got my gf to join in at 0.73 still think the pull back was ridiculous and rapid, but think we may be in for good news soon
It's lovely to see the SP going back up. I am one of the mugs that bought at 0.73, so still a little way to go, but looking very promising.
I wonder if we are getting a RNS tomorrow morning
2.96............Up...............2%
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