Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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With Cu heading 10k plus ...the CU has to become interesting for a few parties there is going to be major interest I'm sure
A JV on copper and gold finds then you are looking at around 40 -50 Million mcap on declaration, which is around 1.1p ish. The development of that find would move the Price significantly. With a JV selling 75% ownership, but funds being pumped in by a major then 100-200-300-400 million you get my drift ;)
San
Funny how hard / expensive it is to mine real metals yet the rewards ain’t as great as bitcoin which doesn’t really exist physically. Thinking back about the gold rush era, didn’t people just mine straight away.
I don't know. None of us do. Half a penny will do me to break even, and after that, I'm in profit.
I think it will rise higher than that. It depends what's in the ground of course, but I'm cautiously optimistic, and certainly more positive than I was a while ago.
Not long till we start drilling them gold veins oh and drilling for copper too by the looks of it lol!
The words "larger industry partner" in last weeks RNS with regard to the copper certainly has me intrigued.
So in 2021 if we get a JV sorted and a notable discovery or 2 of gold deposits at either Olympic, mineral jackpot or rockhouse how many pence a share do you reckon we're talking?
Happy with that GW
Been down the virtual pub with me old mucker.
He say's - load up now and sit back and watch the fireworks with a fanfare of Trumpets.
GLA
Yep, SP around 1.5p (being very realistic).
If we get some good news and our Mcap reaches a quarter of what GGP is currently then we are looking around 200Mish.
First SP target .5 for now...
At 50m mcap what does equate sp too? Seven times what it is now??
I personally feel if things go our way and we get some good news then a realistic Map could well be closer to 50M.
Exiting several months ahead.
@San 100% agree and your price targets concur with mine. If you have a bit of patience and lack the constitution to trade (so some do) then a 2x to 3x MCap increase over 6-9 months as exploration programme unfolds is a damn fine outcome.
Confident & very happy to sit and wait wait 20% of my PF invested here. At £7m MCap there is potentially a lot of upside to be had with a possible positive copper surprise back on the agenda.
ATB APR
Looking at m4 and finally we doing copper its about time gwmo kick some ass bring copper home
Very good observation San. Noticed the same myself. Load up when cheap and unloved is my way.
Very disappointing performance on what I thought was a comprehensive update. Clearly investors are only interested in results of the dore bar and as that was delayed we are at this paltry level. Very disappointed
So cant say im a pro at all this, but have been invested in AIM stock long enough to know that specific news will move this and some wont. The demand will not increase on a share if you tell somebody that in over a months time we start drilling. The demand will start to move when you tell somebody that drilling has started, as that means that over a 6 week period after said drilling, the results will provide greater detail on the asset potential (Higher valuation of that license). What tends to happen is that on news of drilling the share price spikes as investors start to dip in, the share price then will retrace slightly before gradually starting to move up around 2 weeks prior to news due (Usually a 6 week drill, results , report cycle). On news it drops (Sell on news) and then a gradual rise again until next set of drilling or other positive news. This has happened on every mining share I have been in, but strangely I have never taken advantage as i like to hold stock like GWMO, GGP, OMI for their future potential etc. I think I have this mind set because of how successful holding GGP has been for me. In my honest opinion on commencement of drilling we should be at 10-15million mcap and on results potentially 25million+. I expect to see a slight rise throughout March and then more so in April before first results in May early June some time. Its not a sexy share, but I like the company, I like the projects and i like the honesty in RNS.
San
Lets get copper out about time
As above, much like us Shareholders in this
Multibagger *
Great update today - await the other results with positivity.
I look upon GWMO as a pension share - so will add regularly and one day believe it will give me a return like those mentioned today on the BB - mulibagger.
Trumpet due a polish ..
GLA
@Hertstrader74 Well said!
Nothing to do with that....unfortunately we still have fair amount of cheap placing shares to churn....so it's all about the churning mill working to a maximum capacity.....if you got faith in the potential and prospects then take advantage of this process that for the time being keep the SP at this level...this is the only reason for the mute response to what I think was a good update today....IMHO.
GLA.
Can’t quite get my head round why this share seems so unloved. Thought it was a very decent update and roadmap of what we can expect in next few months and just because the dore bar results are delayed people are stupidly selling at 0.23p. AIM can be so frustrating when in reality the fundamentals here are much stronger after today’s update