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Started: DeathStranding, 31 May 2024 21:39
Last post: fairview, 17 Jun 2024 09:41
"Already considerable interest shown at PDAC"
That was in March and there were enquiries about whether there could be an additional partner.
Great if you have gold bars locked in a vault grading 999,999.9 g/t. But you don't. You've got gold locked in As-pyrite within millions of tonnes of rock under fields in Ireland, which grades 2 g/t, surrounded by even more millions of tonnes of barren rock which has to be moved.
At the last count, and according to the company's website, that gold was worth $72 million.
DS: 500,000 × $2,300 came to $1.2 billion when I did my maths "O" Level.
Yet of insufficient interest for Demir to continue investing, and general investors also disinterested. Those sneaky major gold miners.
"The Clay Lake gold target extends for 8km and, in some areas, is up to 2km in width. The Derryhennet section alone is up to 1km in length and 2km in width."
"the Derryhennet section of the target which is an orogenic folded black carbonaceous shale. Black carbonaceous shale hosted gold targets can contain multimillion ounce gold deposits."
This will be of great interest to major gold miners.
Started: fairview, 27 May 2024 16:24
Last post: fairview, 3 Jun 2024 08:35
They discussed a JV partnership with 3 partners at PDAC in March. Those same people will be far more likely to do a deal now that cgnr has 100% control again. Things may be further forward than the market thinks. The valuation here is stupid.
Maybe they can give update on JV discussions soon. Obviously not names but a progress update. He's already said that quite a few are interested but we don't know when serious discussions started.
Another idiot who invests in other shares that are over 99% down but has to keep posting on here. Some real sad cases are obsessed with cgnr.
This palaver has been dragging on since the last century! The share price has crashed a staggering -99%. It's been a multibag -- for shorters.
Yes it will be so sad when the potential JV RNS lands and the idiots will have lost out again.
Started: dwe399, 24 May 2024 18:24
Last post: DeathStranding, 27 May 2024 16:19
So you are just guessing then. I surmise that none of the companies you mention will be interested because they invest in tier 1 projects. This is not tier 1. Good luck guessing though.
Barrick, Agnico, Kinross, the list goes on. Probably know people at all of them with PDAC trips.
You have inside information?
I bet if people knew some of the names cgnr are talking to about a JV this share would move a lot higher.
What is this obsession with AAZ? They walked. Why else would they let another party take over negotiations when they had heads of terms? How about you prove that they didn't walk before you call other reasonable posters "bs" or "haters". Who granted you the high ground?
It doesn't matter. The net result of all the JV business from AAZ heads of terms through to Demir exit, was money spent and nothing found. Value destruction for CGNR shareholders.
Started: DeathStranding, 20 May 2024 07:32
Last post: DeathStranding, 24 May 2024 17:33
Was just making an observation. Your posts make no sense.
Lol for someone who is or has invested here
You life purpose to dismiss who ever looks like a glass half full
Surely you’re paid to contribute here , way else would you spend you’re entire life , crying in your soup
🤣🤣🤔
Nonsense.
Or Rio ? interest in the Finnish line only ?
Howard Bird appeared here after joining KDR 2019 Rio ?
Marian Moroney sent by another Major ,?
Prospecting for DD ?
Has the two Gold districts been partnered by two ?one each
Started: Stevehoops, 20 May 2024 07:32
Last post: Stevehoops, 20 May 2024 07:32
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and development Company focused on Ireland and Finland, is pleased to announce the appointments of Marian Moroney as a Non-Executive Director and Cathal Jones as Finance Director of the Company, both with immediate effect.
Marian is a recognised and accomplished leader in the exploration and mining industry with over 30 years’ experience in exploration, mining, strategic planning, governance, identifying new business opportunities, joint venture management and oversight, and mergers and acquisitions.
Started: fairview, 17 May 2024 16:24
Last post: fairview, 19 May 2024 22:39
Major companies have done site visits before and the project is further forward. It's all to play for. Gold booming at over $2400 an ounce. When the deal lands they'll all be scrambling to get back in.
There is a single licence which has been in application status for several years. No info to describe its prospectivity and it is not referred to on the Conroy website or annual report.
Interesting you should mention Rupert. They reported 120m at 6 g/t Au the other day. Would be great to hear from directors why they believe Clay Lake to be "world class" by comparison.
I've just wasted an hour on the Tukes/GTK map sites trying to track down these supposed Finnish "assets".
I don't think I've ever seen a company that goes to such lengths to shield its asset ownership and activities from its shareholders. Just about every other exploration company out there has maps of its concessions plastered prominently across its website.
If you don't believe me check out Rupert who have gone from a single soil sample to 4Moz indicated and $850M market cap in 4 years working in the same area.
All I can ascertain, is that in the 20 years since Conroy sold his privately held Finnish licences to the public company, not a single ounce of gold has been discovered on them, if they even still exist?
Geologist from some "major company" stops by PDAC conference booth, listens to the pitch, says "Two gold trends? Very impressive, I'll watch your progress". Walks on to the next booth.
"major companies watching progress and very impressed"
Started: PaulFG, 17 May 2024 09:37
Last post: DeathStranding, 17 May 2024 15:13
Edochan this is the problem they face with the current fundraise - how to convince existing shareholders or a very tiny pool of investors to keep paying the bills and €325k executive salaries to keep the dream alive that there will be a JV deal to replace Demir. If the board actually believe they have a "world class" asset presumably they will have no problem putting their hands in their pockets. Otherwise this is only getting done for a small working capital amount at a deep discount.
Totally missing the point robemy. Again.
The question I have is as follows: Why would someone take a placement offer if there is no update on a firm new partner coming on board?
Oh dear, we’re back to that again. CGNR own the land so why would they object to their own proposals? Nearby landowners are fully supportive ,some also invested.
A good gold mine will cover a large area. Look at aerials of AAZ mine and overlay those anywhere in Clontibret. The reality is they won’t get permission for that amount of environmental impact, certainly not without a huge fight and Demir saw the grades and concluded it was not worth it, as will any major.
Started: DeathStranding, 15 May 2024 00:39
Last post: fairview, 16 May 2024 17:40
The prof was asked earlier in the year what would happen if Demir didn't proceed and he said there were a lot of other interested parties. Roll on new partnership.
All of those will bring the grade down and the 0.8 g one won't factor at all (below cut off). Probably why they haven't updated the resource.
At Clay Lake, to be fair even going from a 0.1 probability to a 0.2 probability is doubling the chances.
We had some good stockwork intercepts at Clontibret that aren't factored into the JORC too. 33.2m at 0.8 g/t gold including 8.0m at 1.2 g/t gold. 94.5m grading 1.0 g/t Au (including 45m grading 1.5 g/t Au). There's significantly more gold in lodes and stockwork than the last JORC suggests.
TBF there's much more gold in the Irish sea, and it's probably more economic to extract.
IMHO. DYOR
"The possibility of a world class gold deposit at Clay Lake is, in the Board’s view, becoming increasingly likely."
Started: Edochan, 15 May 2024 14:33
Last post: Edochan, 15 May 2024 14:33
I too want to applaud DS for his initial capital in this project. He paved the way for the rest of us to benefit with such a selfless gesture...I'd be happy to set up a Go Fund me page once I've made a substantial return. Keep up the good work 👏
Started: PaulFG, 12 May 2024 12:43
Last post: fairview, 14 May 2024 17:53
The prof himself admits that the JV wasn't doing what they wanted. They wanted to get going on bringing in a mine at Clontibret. They need to sign a JV with a clear work program towards mine development. I'm sure nobody invested here wants years more exploration. Exploration should only happen alongside mine development not instead of.
Dunno but, DS statement is accurate. 30p to 10p. Not better off.
It's time to make this a business and not a treasure hunt.
Hands up anyone who thinks DS is a genuine and honest poster with no axe to grind with the Prof due to foolishly losing his fortune investing at the wrong time? Any hands up?
"considerable interest shown at PDAC"
They didn't even have 100% then and people were interested in the possibility of a JV with 3 partners.
CGNR should produce a cashflow showing how those grades can be profitable in Ireland. I doubt any major is excited by them.
Started: Stevehoops, 12 May 2024 12:34
Last post: Banzai, 12 May 2024 15:21
More talk about dirt and drills. When does it become a business?
Meanwhile the share price goes deeper than the drill.
RIDICULUS Conroy, RIDICULUS!!
CGNR even own the land Clontibret is on
Not just the exploration license
Last post: DeathStranding, 10 May 2024 21:40
Your BS is clear for all to see now.
Some people that don't have any shares so worried about things here. Demir clearing off is the best news for ages. Clear path now to value recognition.
No way to know that as we don't know where any of the holes are. Would be easy to demonstrate potential if they actually published maps and sections of the results. Why don't they share these. A picture says a thousand words etc.
You're just saying these things, just like the chairman and roast dinner folks, without actually giving any support.
Demir walked. There is nothing huge here except the Conroy family's combined pay packet.
Exactly. There's way more than 500koz at Clontibret. There's years of drilling to be added and areas that haven't been drilled at all. If Demir had any credibility as a gold miner they would have been testing at depth too.
Clay Lake is huge. Wide intersections over huge area.
They're just scraping the surface.....500k ounce's,is just a small percentage of the licensing areas.
Started: Catbert, 7 May 2024 18:35
Last post: mole_man99, 10 May 2024 10:45
Posters write here as if this has been going on for a year or two. Try 20.
Lining up the next 20 years of hope so the kids have an inheritance.
There is always the next believer with money willing to ignore the past that will keep this going. It will spin on, with retail investors as the losers.
Meanwhile, current retail investors take months or years to finally realise they bought a dud. FOMO or some other emotion I guess.
I think the prof holds a good hand. He's not rushing into anything. They are talking to people. An RNS lands saying potential JV or offer and it takes off.
LOL he seems far too smug to be finnished on 4 fronts now ,gold ,zinc, lead ,copper ,Ireland ,northern Ireland and Finland .......
then his other company
Possible emerging diamond province Kuhmo ,lahtojoki full mining permit coming this month add Northern Ireland
Nickle Copper platinum possible
Now looking like further success in Jipplia and Liprie copper and Diamonds
salla also
no wonder he is smug and all 100% owned prof and Maureen with all other board members non executive
if anyone things northern Ireland is too early they simply already know what they have imho ..
Honestly, I listened to the latest today and I just don't believe he's got any serious interest here and if there is any interest it's very early stage - I have been reducing my stake in the stock since the start of this year and seriously considering exiting the balance of my holding.
Well by the sounds of things you have a long time to wait. He's talking months. There is no deal lined up. Last time it took 18 months to close a JV deal. Next time will take even longer and if any deal at all it will be a far inferior deal to Demir.
Incredible that he is so happy and comfortable. He has presided over epic value destruction and doesn't seem to care. Presumably it's the €325k he and the missus earn each year working part time for CGNR that make it nice and comfortable for the Conroy clan.
Started: Stevehoops, 8 May 2024 07:07
Last post: DeathStranding, 8 May 2024 08:23
Very concerning if this is the best they have to report. Placing can't be far away now.
Two gold districts and now Base metals combined wow
Sister KDR 750sqklm Nickel Copper ,Platinum Northern Ireland.,,,
massive and i think they know already its very exciting !!!
Zinc and lead mineralisation intersected in two scout drill holes
30.0 metres intersection at 0.42% Zn + Pb from 9.0 metres
1.0 metre intersection at 1.05% Zn + Pb from 20.0 metres
Drilling results confirm mineralisation in extensive (20km2) zinc zone
Provides Board of the Company confidence that further drilling is warranted
Conroy Gold and Natural Resources PLC (AIM: CGNR) is pleased to announce results from two scout drill holes on its Mountain Lodge base metal target, in Northern Ireland, in the northern section of the extensive (20km2) zinc zone which the Company has discovered in the Longford - Down Massif in Ireland.
The Mountain Lodge and adjacent Wolf Island base metal targets are located to the south east of the precious metals target area at Clay Lake where the Company has made significant gold discoveries.
The two drill holes, (ML-22-004 and ML-22-005), totalling 464.0m, have tested a 275 metre portion of the 800 metre wide section of the Zinc in soil anomaly at the Mountain Lodge target.
Drill hole ML-22-004 was drilled to a down hole depth of 182.0 metres, at a 50 degree dip. The drill hole intersected 30.0 metres at 0.42% combined Zinc and Lead from 9.0 metres including 3.0 metres at 0.83% Zinc and Lead combined from 34.0 metres.
Drill hole ML-22-005, 100 metres to the east of drill hole ML-22-004, was drilled to a down hole depth of 264.0 metres, at a 50 degree dip. The drill hole intersected Zinc and Lead mineralisation including 25.0 metres grading 0.26% Zinc and Lead combined from a down hole depth of 11.0 metres and including 1.0 metre grading 1.05% Zinc and Lead combined from 20.0 metres.
The two scout drill holes demonstrate that wide zones (30 metres and 25 metres) of Zinc mineralisation are present at a low grade. Only a 275 metre portion of the 800 metre wide section of the Zinc soil anomaly has been tested to date. This leaves over 500 metres of width to the West, where some of the highest Zinc in soil values (3,700ppm Zn) have been returned.
Further drilling of the anomaly to test for higher grades in this large Zinc anomaly will be carried out.
The sphalerite (Zinc ore) mineralisation at Mountain Lodge occurs in fractures around small shear zones as well as in quartz veins.
Zinc and Lead intercepts from drill holes ML-22-004 and ML-22-005 at Mountain Lodge include:
Started: Edochan, 2 May 2024 14:07
Last post: fairview, 7 May 2024 17:57
"Derryhennet section of the target which is an orogenic folded black carbonaceous shale, is such that it could possibly be a world class gold target. Black carbonaceous shale hosted gold targets can contain multimillion ounce gold deposits"
Elegantly avoiding reference to the grades, which are uneconomic. My guess is Demir were more interested in profitable ounces hence why they left.
"Wide gold intersections at relatively shallow depths further indicate the potential at Derryhennet for high tonnage, overall gold content and mineability."
Some diagrams would be useful to see what they are seeing. The ones on the website do not give the impression of world class potential.
"The possibility of a world class gold deposit at Clay Lake is, in the Board’s view, becoming increasingly likely."
Started: Stevehoops, 3 May 2024 13:11
Last post: Stevehoops, 3 May 2024 13:22
FINLAND
values, of up to 4,470 Au ppb, and copper-in-soil values. Gold grains have also been observed in the till.
The presence of the Nattanen granite suite and extensive haematitic alteration together with regional and
CGNR
SISTER KDR
NORTHERN IRELAND
The results of this programme, taken in conjunction with results from the previous programme,
indicate a highly anomalous river catchment area. This area has yielded five samples each having
over 1,000 indicator minerals. The indicator minerals are primarily Chromite and Forsterite with
some Chalcopyrite and gold grains.
In addition, microprobe analysis on a number of Chromite grains from samples taken from this area
during the original sampling programme in 2021 showed that four samples had Chromites with high
zinc oxide values. Such high zinc oxide values can be a signature of sulphide rich Nickel-Copper
Group Elements deposits. It was also noted that a number of the Chromites have inclusions of iron,
nickel, sulphur as well as on the Chromite margins, which is significant as it indicates the presence
of nickel mineralisation.
CGNR TWO GOLD DISTRICT'S .FINLAND EIGHT GOLD/COPPER LICENSES
KDR DAIMONDS ,KUHMO Lahtojoki ,750 sq,klm Nickle Copper and platinum (early days )
Even Rio Tinto would be sniffing for both companies
DRILLING TARGETS CONFIRMED ON FINLAND GOLD CLAIMS
High resolution ground magnetic survey completed
Potentially gold bearing structures identified
Survey delineates multiple prospective magnetic targets for drilling
Applications to be made over other gold and copper targets identified in Northern
Finland
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and development company
focused on Ireland and Finland, is pleased to announce the completion of a detailed high resolution
ground magnetic survey which has identified a series of drilling targets on its gold exploration acreage in
the Sodankylä area of Northern Finland. The Company holds a total of eight gold exploration licences in
Finland.
The high resolution ground magnetic survey data, in combination with multiple datasets, including
geochemistry, aerial photography, digital elevation data and airborne geophysical data, has delineated a
series of prospective drilling targets.
Previous geochemistry in the Company’s permit area in Sodankylä has been encouraging with gold-in-soil
values, of up to 4,470 Au ppb, and copper-in-soil values. Gold grains have also been observed in the till.
The presence of the Nattanen granite suite and extensive haematitic alteration together with regional and
local structural controls indicate Iron Oxide Copper Gold (“IOCG”) prospectivity.
The targets shown by the ground magnetic survey include two highly magnetic bodies, which are
considered to be IOCG targets, together with a series of targets which are interpreted as being Shear
Zone Hosted Gold targets.
The detailed high resolution ground magnetic survey consisted of 33 lines at 100m separation, ranging
from 1km to 3km in length, for a total of 49 line kilometres covering an area c.4.5 km2
.
Finland is a mining friendly country with established mining traditions and highly prospective geology for
gold. Europe’s largest gold mine - the 4 million Oz Au Kittila gold mine - is situated in Northern Finland
where the Company’s permit area is located. Finland has a favourable business climate, security of tenure
and fiscal framework as well as excellent infrastructure and technical services readily available.
The Company is reviewing the results of its extensive exploration programme for gold in Finland which
has included the collection and analysis of more than 2,300 regional samples, with a view to applying for
further gold exploration acreage in Finland.
This release has been approved by Kevin McNulty PGeo, who is a member of the Company's technical
staff and holds a BSc/MSc in Geology and Remote Sensing, in accordance with the guidance note for
Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of AIM Companies,
which outlines standards of disclosure for mineral projects.
Professor Richard Conroy, Chairman, commented:
“The Company’s gold exploration programme in Finland is an extens
Started: HawaiifiveO, 30 Apr 2024 13:36
Last post: fairview, 3 May 2024 10:45
Hopefully the prof will be able to give an update on talks in the short term. Obviously can't give names but would be good to get an update.
At a 4m market cap with a JORC resource, high gold price and massive potential for large scale open pit mining this could really fly when a new partner comes in. This time the emphasis will be on mine development.
As per announcement of 29 Nov 2023:
"The joint venture agreements provide that in certain limited circumstances, Demir Export will be entitled to a net smelter royalty in the licences, capped at the level of investment made, in lieu of their convertible shares should it exit or terminate its involvement in the joint venture during the current Phase 1 stage."
It exited, exchanged its convertibles for the royalty. Over €5 mil spent and '000s of metres drilled, and they pulled out of their investment. Very difficult for CGNR now back to square one. No resource ounces added in 7 years, no testwork done, no development plan, multiple prospects tested and results not good enough to keep the partner interested. Cash at 30 Nov was only €262k. Worrying times.
I suppose that, regardless of who wanted the JV to end, CGNR are more attractive to a potential partner by owning 100% of everything again
No I don't think so. The 5.65m includes the 1m they paid at the start for the transfer of the licences.
Demir had a choice. Continue with the JV and spend lots of money or take the NSR. The option of walking away with 25% wasn't going to work because it would deter anyone else so they wouldn't have got any money back.
No, they aren’t getting their money back. Yes the NSR covers the €5.65m but they also gave CGNR €1m for the privilege in the first place. I maintain this is a shocking deal for Demir, and amazed it’s all so amicable when they spend all that time and money to come away with a net loss and are happy about it? What am I missing?
Started: soletraderbl1, 30 Apr 2024 10:28
Last post: Padd1, 30 Apr 2024 11:56
Just listened to the Roast - sounded like more of the same to me. Project with lots of potential but never delivers. I will continue to hold. My major concern is what kind of deal will cgnr able to negotiate with a major player. They are desperate for investment and everyone knows that. With the stock down another 20% today the market is clearly not very optimistic. Like I say - I'll keep holding but not sure anything will happen very quickly - it never does!
Market Cap here is 3-4m. Didn't Demir just spend £6m on CGNR for a 2% NSR and capped at their total investment. This could not now be more obvious. Great move by the company. If you are negative on this, then you have blinkers on.
Lets not forget Agnico Eagle!!
We know Newmont have always been interested, but in it was thought previously that cgnr would have to wait in line for development until its turn. Perhaps things have changed, and CGNR have 100% now. wow
You can be sure the deal already sorted. Those who sold will kick themselves here.
Started: Robemy71, 30 Apr 2024 10:37
Last post: Robemy71, 30 Apr 2024 10:37
The departure of Demir makes complete strategic sense and I’m somewhat amazed at the very favourable exit deal. No costs for CGNR until production and even then a mere 2% royalty. They gave us €1m and spent another ~€5.5m on drilling bringing us further along in a way we couldn’t have done alone.
Demir were a bit overwhelmed at the sheer scale of things and we all noticed how slowly things were going so thanks Demir but we really want to get things moving quicker.
I know Deathboy thinks the grades are uneconomical and it’s the wrong type of gold (in places) but the sheer tonnage out there and the price of gold at record highs this renders his view plain wrong.
Now we own 100% of everything again I don’t think it’ll be long before a much bigger partner joins us to really move things along.
Buying this under 10p is an absolute steal and I’m taking advantage of it
Started: phax71, 29 Apr 2024 15:49
Last post: fairview, 30 Apr 2024 09:56
Hard to understand what Demir are about. They knew what the Clontibret deposit was like. They had a good drill results in the stockwork there right before signing the JV. They didn't drill one deeper hole there to see if grades got higher at depth which is odd. They had a good idea of what to expect at Clay Lake and the results there reflected previous drilling. They never seemed serious about developing mines to me. I wonder if they wanted to bring in another partner to do the serious drilling and large partners weren't prepared to come in unless they got a big percentage.
The reason is plain to see. The results are not good enough to justify further investment by Demir. CGNR needs to raise finds very urgently, hence the hyperbole.
Everyone saying the same two line argument - ok the probably can't/don't have much more to say. I'm sure the Demir exit has been coming for a while, in order for them to have negotiated what is really a pretty excellent exit package for CGNR ending up back with 100%.
But I would love to know WHY Demir exited though I doubt we'll ever know, but undoubtedly a new partner would like to know.
Let's see...
New podcast sunday roast out
Started: Banzai, 29 Apr 2024 19:26
Last post: Banzai, 29 Apr 2024 19:26
Enough already with all drilling and no mining action. Let's break some ground!
Started: DeathStranding, 29 Apr 2024 07:37
Last post: DeathStranding, 29 Apr 2024 07:37
Https://www.bbc.co.uk/news/uk-northern-ireland-68897693
Dalradian's project only stands a chance because they removed cyanide from their processing in 2019. CGNR proposed BIOX with cyanide 10 years ago and haven't made any updates since. Seems unlikely cyanide will ever get the go ahead either side of the Irish border so what is CGNR's plan for processing low grade refractory ore??
Last post: PaulFG, 24 Apr 2024 12:05
Interesting discussion.
I was listening to Colin Bird (I know a marmite character but he's been around a long time) on the Sunday Roast midweek podcast AFP, and he made a very valid point gone are the days of the old style JVs where someone commits to something in the next 4 yrs for P1 then in the following 4 years of P2., and then perhaps another 4 yrs before any ruddy decision is made.
Shareholders no longer have the patience for this type of set up, and he's right.
I don't think the Professor will be living for another 20 years....
>> The JV has been a disappointment because Demir take forever to do anything. Again hardly the profs fault.
As MD it is his fault. The slowness of Turkish companies is well known in the business community. He should have been honest when the JV was signed. 10 years to get to mine application. 10 years for application and appeal process.
You can then decide if it pays to support the prof and Maureen for 20 years, and what annualised gain you may of achieved by then, allowing for a probability of success.
Much less than just investing in an SP tracker I would say, with a lot more risk.
I understand your frustration. The Conroy-Jones family seems to be doing well for itself but not a lot for shareholders. I get it.
Yes I'm aware of DS and he'll be here enjoying the uncertainty until we get positive results...then I'm not sure what he'll do with himself....no doubt he'll issue a sincere apology and beg for our forgiveness.....
Started: HawaiifiveO, 15 Apr 2024 07:55
Last post: pedro61, 15 Apr 2024 15:03
Plenty of buying suggests confidence now being shown. Very cheap with huge potential.
Good to have an up day - looking forward to many more
Yellowstuff
Seems to be interest in CGNR over the weekend with a number of comments on social media, suggestions the company may be talking to new prospective partners, something the Prof hinted at in a recent interview.
Whichever way you look at this the share price is rock bottom and the sector is starting to bounce, the circa 45m shares are tightly held, as a result you can get disproportional share price moves on thin volume.
Probably worth a punt at current levels, price was 18p in Q4 last year.
Last post: Goldbug99, 12 Apr 2024 20:29
Charles Arthur: I am free to cover some subjective elements which a NOMAD or compliance team would not allow.
Says it all, TL:DR
I see he still hasn't edited his article to correct the "JORC compliant total resource of more than 1 million ounces" to the actual 2017 resource of 517,000 ounces. Also no mention of the key technical issue that the gold is refractory and therefore very difficult at these low grades, which would at least bring a bit of respect to the article by speaking to the risks.
Great article thank you Fairview
Your theory that more drilling = multibag breaks down when you consider they just spent a massive €5 million on drilling and the share price is the lowest its been since July 2020. Results have been poor and don't support the overstated potential as hyped by the company and its roast dinner promoters.