George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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& tick up due
Atm
Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi
https://www.cnbc.com/2024/04/16/gold-is-shining-bright-like-a-diamond-and-could-hit-3000-says-citi-.html?__source=androidappshare
Still way undervalued, MIMS seem able to drop the price easily when a slight sell appears but increases take massive buys.. they know this will bang soon, more news imminent.. Will the board make ORR a plump little beast orr the a big boy buyout? Interesting times ahead... I am holding my "golden tickets" and adding where I can GLA
Looks like Lanstead may of been cleared for the week. Also more buys than sells.
Sellers have returned. down we go.
As an investor in TOM I own 16 acres of Utah for what good it will do me! Has anyone worked out how many acres ORR are interested in and divided it by the number of shares in issue?
If it wasn't for those pesky profit-takers ORR might have been up every day this week which could indicate a final break with ORR investors selling into EVERY rise. With the rise in the price of gold accelerating, the increase in ORR's future net profits just gets better. However, I suspect ORR's production costs will be relatively low so we won't see the full benefit. Perhaps Troajan can suggest goldminers on the brink of going under who will suddenly see their profits go stratospheric?
Up nearly 6% on the week and up 33% since early October, 6 months ago when this rally started.
Atm
Gold is absolutely flying.
Which can only be a good thing for anyone operating in the section from top to bottom.
Lots of block sells this afternoon. That’s okay, it’s been a decent rise these last few weeks.
Still waiting for a Lanstead TR1 which seems impossible. Only when they deem it necessary to update us.
7000m of drilling underway.
Hold for gold
"Should get a decent rise today giving how much gold has risen since yesterdays close."
If only.
Nothing is ever straight forward here.
AND powering up despite high interest rates and high dollar. Normally both of those destroy gold. There truly is steam under this.
Watch this video of a congressman trying to get people to understand the US growing debt situation. Frightening that they are literally barrelling towards default because they can't get themselves to care about anyone but their individual agendas
https://youtu.be/EzZGoF8mNjA?si=fx4PApIrgVaeh4Lo
That's a 20% increase on the revised up JORC estimate now!
Totally agree, undervalued, glad to be in at these levels and below.
Waiting patiently Kerching
Blue
Should get a decent rise today giving how much gold has risen since yesterdays close.
This wants to break the .40 barrier and with some comfort I think. Technically we should be poking over the .5s with what has been achieved to date. Lots of opportunity to buy in and make money here as a lot has been de-risked !!
Bbbblue
Https://x.com/orioleresources/status/1778090653244596449?s=46&t=_nigBHAcmev43MbB6y2J5w
Morning All, I have instructed H&L to do a bed and ISA thing and so there will be a back to back trades for £20K. You would have probably worked it out I know but just saying so no one panics! Should be sometime in the next 24hrs or so.
I agree GodofHellfire. I'm antcipating some spectacular hits with the drill at Mbe.
We can actually trace the bonanza grade vein at Mbe so we know where to drill. Once we hit there this little company will be world news- and we will hit there. The gold is at surface.
This is as close as one can get to an open goal in exploration.
This is why I'm looking forward to the drilling. From their previous results:
"During late Q4-2022 and H1-2023, the Company completed 1:15,000 scale mapping (lithology and regolith) and rock-chip sampling over a c.48km2 area at Mbe to help constrain the source of the gold anomalism. A total of 76 rock-chip samples (including QAQC) were taken over selective outcrops, predominantly quartz veins, within a 3km-long geological zone that is up to 700m-wide. The zone is underlain by a northeast to north-northeast trending, shear-related porphyritic unit (provisionally recorded as quartz-feldspar-porphyry (‘QFP’)) that is highly altered along its central core and is silicified and gold-mineralised. Results of up to 134.10 g/t Au were returned from sulphide-rich and locally brecciated quartz veins that occur within or at the contact of pervasively altered (albite, silica and carbonate) and sulphide-rich QFP.
In December 2023, BCM completed a three-week long site visit to Mbe and collected a further 639 samples over the 3km-long zone, each weighing 2-5 kilograms. Of these, 542 samples were collected from pits (5-10 metres deep and exclusively dug by artisanal miners) and 97 samples were collected from outcropping rocks. All of the pit samples were collected from in-situ (weathered saprolite or saprock) material, with composite channel-chip sampling being applied over the exposed pit wall (and perpendicular to the dominant vein set, where apparent) to ensure sample representivity. Results returned 155 samples grading ≥1 g/t Au, 13 of which have graded ≥10 g/t Au. Of these higher-grading samples, best results include 256.74 g/t, 133.44 g/t, 75.09 g/t, 33.66 g/t and 22.89 g/t Au from outcrop sampling, and 25.16 g/t, 23.97 g/t, 9.98 g/t, and 8.75 g/t Au from pit sampling. A further 232 samples graded between 0.20 and 0.99 g/t Au."
Let this point sink in. Bonanza grades in the rocks at surface with a colossal area to explore. The potential is bat5hit bonkers!
Bibemi a resource of 375,000 oz was derived from a drill campaign of 6000m from some 45 or so holes all bar two hit gold.
We have 7000m of drilling schedued and paid for so here's the dodgy Cat maths (fat paws apparently (and no opposible thumbs)).
At the current run rate by the end of another 7000m we should be at a resource of 812,000 oz which is more than Chesser's resource when they sold it. Just at Bibemi.
I actually think it could be more than that as we have quite good controls over where the gold is and a strong understanding of the geometry which if it continues throughout the site would give us easy wins on the infill.
GLA/ DYOR and don't trust me on the maths.
I want to see what's in the ground before any sales talk.