The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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The blue wonder why rise?
@tray - thanks for the data, that's what I was assuming.
The OTCQB listing is live, however, the last GMET buy was 30/11/2023. So almost no liquidity .... yet.
I'm sure if US funding for Pilot Mountain news landed, it would suddenly be on a few more US investor radars.
We have been trading in the OTCQB (Venture Market) since mid October.
Not been monitoring activity.
Are we now live on the OTC USA market?
Does anyone know if there's been any activity over yonder? My experience is the OTC doesn't add much liquidity to junior stocks...but there's always an exception...
This is the sort of thing the US market would take and run with.
I have to say I do enjoy OFs technical explanation podcasts - adds a lot of value and colour to the RNS - not that his RNSs lack colour!
*************goldenmetalresources
Technical update just released by the CEO.
https://twitter.com/GoldenMetalRes/status/1749734442057245090?t=3G6zsCoX_bOE9ghGaeDKtQ&s=35
What I thought was most interesting for the next steps on Garfield was OFs comment:
"The typical next stage when exploring for porphyry deposits is to search for a geophysical anomaly which could represent a porphyry centre at depth. To our excitement, this was identified by a third party survey and is located within the High-Grade Zone, which happens to be broadly overlapping the uranium target identified during the same exploration programme."
So they know exactly where they need to drill. Right?
If Garfield and Pilot Mountain turn out to be as exciting as OF is intimating this thing could suddenly take off once it's noticed.
Only 85m shares, with 62% locked away, the float really is small & if the guys deliver some concrete jorc resources within Garfield and expand, as they've hinted they're looking to do, within PM.
I know what you mean, but this somehow feels different.
The way he is talking seems to suggest near certainty or rather than the far more cautious or measured comments we usually see from CEO’s in early stage exploration.
It’s got me intrigued.
Yes he does seem very excited in the RNS, I'd almost wish the language wasn't so 'bouncy' at this stage, lol.
Very early days, potentially great discovery.
I think his point was there are a lot of test bed fusion reactor's Pland
Gmet CEO is clearly getting very excited by the continued positive results coming out of the Garfield project. (Sits within famous Nevada Walker Lane Belt).
Previous excellent grabbies have been reassayed to establish previous over limit numbers and now show ag in excess of 1,225 g/t irrespective of the excellent au grades (plus copper) already identified.
The mineralisation now shown over 4 square kilometres, with a Magnetic Bullseye anomaly (often associated with intrusive porphyry centres) identified at the Project's High-Grade Zone, which is to the north and west of Pamlico where the bonanza ag hit and excellent new gold grades in samples were found.
Friesen, with independent third party assistance thinks epithermal mineralisation overprints the earlier porphyry mineralising event, increasing the overall prospectivity and most importantly the gold-silver potential.
Have we found a biggie!?
No Tungsten in nuclear reaction thats correct
Again, tungsten isn't used in nuclear fission reactors. Olivers been talking about it being used to line the donut shaped accelerator of a fusion reactor which is a technology still in research where they simulate the reactions taking place in the sun. So, yes Donkey, you're right in saying that PM's WO3 will not be used for the nuclear industry. But a large amount could possibly be used for the developing fusion industry if the US DOD haven't already booked it all in advance as part of a grant condition
PaulFG - there's no way the Pilot Mountain resource goes to the nuclear industry. The US has made clear that from 2025 they are banning the import of certain critical minerals, Tungsten being one. Given the dependence of the US military on tungsten, I would be you a pound to a penny that every tonne of GMET's tungsten goes to the DoD, most probably via a buyout from a US producer who will then take the deposit into production.
Think you may be getting fission and fusion mixed up. Oliver's talking about fusion test reactors for a developing technology as opposed to the pre existing fission reactors which use uranium
PaulFG
YOU.lol.
Uranium bear market is over (probably) everyone talking about demand now that everyone is trying to up their nuclear energy game.
That being the case what else do you need, in BIG quantities, if you wanna up that game? Tungsten, that's what. You want build a reactor/power plant you need a lot of Tungsten. And you if you know you'll need it you wanna buy forward to ensure you have it when you need it, especially if China puts the breaks on exports.
Now, remind me who's got the largest undeveloped Tungsten deposit in the US?
Forecast for 2024 mining company's to come good
Golden-Metal-Resources &Cobra-Resource
Dyor