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Looking very strong here!! Blackrocknhave been buying for the last few months and increased their holdings arcirding to today's RNS!! Great sign when funds are taking a position and continue to do so. Also anticipating the 30000m drill results where Darl have 5 rigs on the go whic started 6 weeks ago and taunts should be purring in pretty soon ;-)). Deeper grades yielded some 168/g/t of gold. These kind of grades I have never seen before in my 15 years of trading ;-))) hold for GOLD. this is the kind of resource the big boys come sniffing for!!
Not sure if we get our shares tomorrow but think we might. Everything looking good here. Hello all
The Curraghinalt gold deposit sits at the heart of the 12-kilometre northwest/southeast oriented Curraghinalt Trend, where numerous gold showings have been identified through drilling, geochemistry, sampling and trenching. These include the Alworries discovery, where drilling returned 14.82 g/t gold over 4.72 m (November 15, 2012 press release). In addition to the Curraghinalt Trend, the Company has identified a series of gold targets along the North East Corridor that are parallel to the Omagh Thrust/perpendicular to the Curraghinalt Trend and have strong coincident district-scale gold and arsenic anomalies first identified in the Tellus Survey. At one of these targets at the southwestern end of the corridor, Dalradian sampled up to 168 g/t gold within a 60-cm-wide in-situ quartz vein (December 2, 2015 press release).
$35 M USD in the bank bodes really well for the gold fest ;-)) news due VERY soon on 30000 m of drilling!! Dalradian commences 30,000 metre surface drilling program TORONTO, ONTARIO -- (Marketwired - July 20, 2017) - Dalradian Resources Inc. (TSX: DNA/AIM: DALR) ("Dalradian" or the "Company") is pleased to announce that it has commenced its 30,000 metre surface drilling program as part of the Company's 2017 exploration program. At this time, there are 5 drill rigs mobilized and operating. The surface drilling will be primarily step-out holes, with the objective of investigating extensions of the Curraghinalt deposit, which is open in all directions. Patrick F. N. Anderson commented, "The 2017 work program will enhance our Curraghinalt Gold Project through new drilling, geotechnical, geological and engineering studies. Infill drilling from our underground program has confirmed high-grade mineralization within the existing resource envelope. We are now stepping out of that envelope to test the extensions of those high-grade veins. Over our seven years of exploration at Curraghinalt we have been successful in expanding the mineral resource more than seven-fold." "Concurrently, results from test mining and processing of Curraghinalt mineralized material have confirmed that the deposit responds well to mechanized mining methods, ounces recovered in mining are consistently higher than predicted by the resource model and recoveries of more than 94% are achievable."
Gold flying @ $1325 & DALR have undertaken a massive 30000 m surface extension drilling programme 6 weeks ago. We have yielded 75gms to 100gms of gold below so surface drilling should yield some very positive resultS ;-))))
Gold going strength to strength ;-))
Well pointed out- I dipped my toe in today & have been watching a while
Dalradian trading at C$ 1.67 on TSX with £1 now worth C$ 1.68. That's just £1.01 a share, so they are good value this side of the pond.
Never read such a complicated obtuse legalistic arrangement. No layman's summary or explanation from DALR about a big expenditure against a small future royalty. Market seems happy tho'.
Impact on gold price? Worth a read, although not new http://www.goldcore.com/us/gold-blog/islamic-gold-vital-new-dynamic-physical-gold-market/
Hmmm. Most of the feasibility study is very positive and bodes well for an actual mining operation. The only problem I have is with the valuation. They use a discount rate of 5% which in my opinion is too low. I understand that this is a very stable location and there is access to very affordable funding but even so this is at the lower end of what I would prefer. I would have been happier with 7.5%. Of course, the other issue is the NPV (and IRR) even at such a low discount rate is not huge and doesn't give much support to the current market capitalisation. Fortunately there is a stack of upside to come on the reserve front such that this NPV, despite the discount rate, is actually cautious. Given the limited number of options for exposure to gold mining on the market with such limited geopolitical risk, despite the relatively high valuation, this still represents a buy given a supportive gold price environment.
Well the feasibility study paints a very positive picture. Steady quiet progress here.
rns out today. hopefully feasability study report to follow soon.
No news since early November. Anybody willing to give their views on this board? Dalr has much to offer.... Stable country for a start! Good resource etc...
i thought we would have heard by now. must be due very soon.
Any body have any news "when"? It would really help this sp. There are whispers POG will move sideways until after the US election?
News regarding feasability study must be due any day now
One of the most professional gold outfits on the UK market with a very decent resource in a stable area. However, you do pay a premium for that. I suspect that this will be acquired as it is world class. Question is when. Probably more money to be made in other gold companies but this has far less risk.
POG stuck in a track just now. If it takes off again it may however mean that our non Au related investments are wilting. Thats a balanced portfolio for you however. The hardest part is always finding tops to take profits and the courage to buy when out of favour. Ironically and hard to explain is how my and others portfolios have blossomed after the wretched Brexit vote and vacuum of what the future might hold. The old days of buy and forget have long gone. Challenge is to crystalise our gains and values.
Thanks gvs368 for that info and perhaps you are right. It gets mean when there's turmoil on a board! I agree, it looks like a professional operation witha great set of resources! To pour gold, always takes longer than stated so, should we work on 3years? Wonder what the POG will be then? Ha, ha!
Bought in here last summer. It came to my attention through Alliance Trust Savings shares news recommendations. Very quiet bb but maybe all the better for that. Sounds like a professional operation with a strong resource. Maybe two or three years befor pouring gold unless they start doing more of this stoping to generate cash in hand.
Dalradians, where are you guys? Things look beter and beter with every RNS and yet there is no discussion on this board. I bought a few just to ensure I dipped in where there is a good deposit of gold. Am I missing something? Anybody venture a guess how far this company is to actually pouring gold? I note there are still many hurdles to jump.
The cluttered RNS seems to indicate all is going in the right direction at DALR! Up 3,75% Buzle, it does not help to cry over silt milk and better to tackle the future with a positive attitude. As you explained, there are great advantages getting out (i.e. Brexit), hopefully the Lady in charge can spell out some of the details after today?
Why would being out of the eu worry you ? The isle of man have never been in it ( or the uk ) they are a crown dependancy but have their own economy and don't rely on the uk for financial aid. They don't have lengthy legal processes to get through to decide what to do with someone who swears at a policeman. They also don't have convicted murderers and terrorists in government which helps.
gvs368, like you, I am saddened by the majority vote out. Heavens, there were not enough thinkers about this move. The EU was heading for a crash anyway! The impact has been so enormous and we are caught totally unprepared and clueless on the economic front. No grand plan, imo. There are so many positives with DALR, at least that excites me.