Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Blencowe Resources, Brandshield and Richland Resources https://www.**********.co.uk/articles/blencowe-resources-brandshield-and-richland-resources-28f483e
Blencowe Resources, Brandshield and Richland Resources https://www.**********.co.uk/articles/blencowe-resources-brandshield-and-richland-resources-28f483e
What's this about?
Justin Waites podcast.
From 1st Dec, with Bernard Olivier. Rld from 24 mins.
Good things take time, Be the Early Bird, if you believe in an investment get in while it's cheap or rainbow chase with FOMO syndrome and go broke.
Thanks for the link. Have just listened to this and the main points I picked up were (as a layman!), in reply to the question about what is planned over the next 12-18 months:
1. Undertaking helicopter and magnetic surveys (already started or imminent) and using historical data to create a 3D model from which drilling plans can be made.
2. Initial diamond drilling to confirm historical drilling results - to start ASAP.
3. Expansion project which will use a 'reverse circulation' drilling technique, which is cheaper than diamond drilling and provides larger sample sizes and that, in turn, should provide more accurate estimates of the reserves and avoid the nugget effect, which can exaggerate the quality.
It all sounds a positive start, but I have to remind myself these are only prospects, albeit ones with a good history and with modern techniques give the possibility of greater extraction than in the past. (As I've said before, I'm stuck in a big paper loss from 2009, so I am in this for the long haul - most other posters seem to have got in a 'sensible' prices.)
The only rational way of proceeding with this as an investment is to consider Lexington Gold as a pure explorer;that is they won't ever be seeking to finance a mine but prove up the prospect and JV or sell them on. You missed this off your summary - the CEO did say this would be their approach and duplicate what happened with the nearby Haile mine.