Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Thankfully short term games have absolutely nothing to do with the mahoosive (my son's word) potential here. Time to cut the grass!
Whatever the cause it creates a false narrative in the graph. Unhelpful.
Interesting isn’t it - technical issue or a more devious reason? It was a buy.
Another mill printed from hour ago
Feels like a big sell order being worked upon but could be wrong
Peeps buying in 1 million at a go instead of 5 or 10 mill in one go. Mms will have to let this go.
Possibly you are right! Sit tight
Were they trades though that stuck? Appear to have been contras- strange
Just spotted the 5 mil trades reported last night, interesting but can't understand why we are still down at this price with such interest..
These start games by the MM's do create opportunities - it was all too tempting for me!
I have said it before but worth repeating - think carefully before using a stop loss here - seen MM's drop the price to sweep up so many times on others stocks in the past.
More buys then sells and mms taking this down
Remember some people brought at 0.6p why not de-risk youself by selling a bit? Not me!!! but still possible...
However could be false alerts.
There will always be sellers Bobat at every level and that is ok - its a market and people take profit at different levels and % - that's natural and to be expected irrespective of potential. Its also good to have some liquidity as it gives future investors confidence in my view. I actually think that gradual increases at this stage are a good thing - no one wants the spikes and misery they can cause imo. Who am I kidding - traders love a spike if they get the timing right!
So now disguising that I am a BMV supporter - I have been here for a few years now and the potential that attracted me when I first invested is even more relevant now:
- We are fairly unique in gold mining (ok there might be others I am unaware of) in that we looking to reopen mines - the only reason SK mines were closed was the economics in the 1970's - the gold price didn't justify the extraction costs - how times have changed with POG!
- We are not exploring for gold - we have known resources and just how much more can be discovered in the future?
- BMV has the technical expertise - check out Colin and Charles's CV
- Because we are reopening a mine the timeline to production is dramatically reduced of course
- If you consider the POG, there is still a disconnect with miners market valuations but that is likely to catch up in the coming years - given an added boost to the future value of BMV as it should benefit from this sector regrade
- The current low MCAP- I thought it was low a few years ago - now - well judge for yourself
- This first free carry deal is beyond my expectations.
For balance the new JV partner has yet to prove their worth and timelines are unknown. I am unclear on costs of processing plant that will be required but presumably already factored into the plan.
Lets see what games are in store for us today.
ATB
Cannot believe peeps selling. Follow the money. 10 mill buy last night plus 1 million buys this morning. Mms short of stock
Thanks Guru- very good point - cheers
Hi JerseyCrew, Kochang has had more BMV investment and is more advanced so the other reason for the JV negotiations taking longer maybe because the % split may be different to Gubong....maybe even higher % for BMV.
So evaluating a similar deal - interesting wording. To my eyes that means there is deal on the table to consider and highly likely to be the same backer given the stated advantages of having a local JV partner. So given they have been looking at this for some time, why the delay in releasing the news on Kochang? One of 2 possible scenarios to my way of thinking - either they are still working the numbers on the required capital amount to bring it back into production (presumably the % split will be the same or very close) OR the delay is part of a comms strategy to maximise the news impact by spreading announcements and build on the momentum of sentiment and SP appreciation. I understand that the market needs to be told as soon as there is news but it doesn’t stop the company from delaying signing the contract to suit their comms strategy.
Any other thoughtful on the matter?
ATB
Alliance News Tonight
Bluebird Merchant Ventures Ltd - South Korea-focused gold company primarily focused on bringing historic mines back into production - Signs USD5 million farm-out agreement for its Gubong gold project in South Korea. USD5 million investment is by a consortium of South Korean businessmen to gain up to 60% of the joint venture established to bring the project to production. Consortium will provide JV management and finance, plus corporate and planning expertise. Bluebird is evaluating a similar deal to develop the Kochang gold and silver mine, also in South Korea.
1.5 million ounces of gold in South Korea and about 450k ounces in the Philippines.
That's only from 1 mine,they have another 2. Batangas in the Philippines and Kochang in South Korea.
These numbers could easily double given the low AISC and direction of travel for POG. Mind blowing comparison to the current MCAP
Correct $120m revenue. At the current $2300/oz Au price, $1000/oz profit would be a fair assumption too, so $60m profit per annum (pre-tax) or $24m to BMV wouldn’t be too far off the mark. Obviously, that’s assuming all goes to plan.
Is my maths right. 60k ounces of gold per year at $2000 an ounce comes to 120 million dollars?