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@Blantyreboy….I was thinking the same thing.
There are plenty of small cap explorers (including in Australia such as ECR and EEE) who have hit some bonanza grade gold at circa 50 g/t with their drilling, but their problem has been the associated relatively narrow intercept lengths.
You need the full combination of length, grade, area footprint, depth, geology and geography to fall acceptably into place (as is the case with GGP) to make it commercially viable to extract. It’s why so few mines get built versus all the worldwide exploration tenements.
Anyway, I will watch and wait for the assay results here with interest.
Reminder of the Orosur tweet regarding the Brazil exploration programs starting from about a month ago, and it was the first time that “Niobium” got a mention…….Yep, a Brazil news update is due.
https://twitter.com/OrosurM/status/1574710553318244354
MinerDeck has Orosur in a healthy 6th position for this week. None of the 5 positioned above them are mineralised directly from surface.
https://twitter.com/MinerDeck/status/1583465676525928448
Petra providing access to their historical data in exchange for Royalty % on future production:
https://www.lse.co.uk/rns/BOD/data-licence-agreement-signed-with-petra-diamonds-9gzi4u80ho51lyu.html
Interesting input from a poster with direct long term experience.
Actually when you thoroughly read the RNS beyond the positive news headline grabber of the noteworthy grade increases obtained for 3 of the 57 re-assayed duplicate samples, then a somewhat different picture gets painted, namely:-
These re-assays were selected from sample duplicates and so you have to believe that ECR would have been actively selecting those ones where they were expecting (via visuals etc) to return a positive outcome versus the original assay results. However the outcome is that out of the 57 re-assays tested the table of data outlines that only 16 of them (equates to 28%) saw any increase in the gold grade versus their original assay results, whilst 41 of them (equates to 72%) actually saw a decrease in the gold grade versus their original assay results. This IMO opinion is a pretty poor return for the time, cost and effort that would have been incurred on this exercise.
Furthermore, whilst there are the 3 noteworthy increase in grade samples, you can see from the table of data that there are nearly twice as many (5 noteworthy) samples where the grade value has significantly decreased, namely:-
CJD002 - a reduction of 2.93
CSD001 - a reduction of 8.87
CSD002 - a reduction of 4.74
CSD003 - a reduction of 9.89
CSD003 - a reduction of 22.13
So I would not be atall surprised when the dust settles and people digest this RNS fully that the SP drops back to what it was previously. If so a few people will have been spiked today and a few will have taken this opportunity to get out with the SP short term pumped a little higher than they could have sold for yesterday.
for the price of gold ?……..The current depressed market for gold stocks would likely make their assets financially attractive to purchase now if the Purchasers knew that the gold price was likely about to rise significantly, maybe due to some upcoming world macro / economic events that are to about to be played out (wink emoji).
So it’s very interesting to me to see the recent intensive Chinese linked M&A activity in this sector. Here are links to three recent examples for purchasing of assets from different parts of the world. Patience in precious metals sector will pay off soon IMHO.
https://www.newsfilecorp.com/release/140942/IAMGOLD-Announces-Agreement-to-Sell-Its-Interest-in-Rosebel-Gold-Mines-to-Zijin-Mining-for-Cash-Consideration-of-360-Million
https://www.lse.co.uk/rns/SHG/statement-regarding-possible-offer-monoa5gzwudr6de.html
https://www.yicaiglobal.com/news/shandong-gold-ups-its-offer-for-australia-cardinal-resources-in-bidding-war-with-nord-gold
Here is another gold mining asset purchase by a Chinese mining Company (from IAMGOLD) just announced…..they seem to know what’s likely coming soon for the gold price (wink emoji).
https://www.newsfilecorp.com/release/140942/IAMGOLD-Announces-Agreement-to-Sell-Its-Interest-in-Rosebel-Gold-Mines-to-Zijin-Mining-for-Cash-Consideration-of-360-Million
Looks to be a very good raise price in todays tough market. Just compare it with Rockfire who have raised today at a whopping 50% discount.
The Vermelho shop window dressing for interested suitors (for Buy-out, JV, offtake, other partnering set-ups) looks to be progressing along quite nicely.
My thoughts focus mainly on latest “in progress” drill holes PEP 7, 8 and 9.
When you read the 6th Sept RNS it states that PEP3 was positioned after an awareness of the PEP1 good result status and was based on a presumed northeast extension of the primary structures identified in PEP1. However the PEP3 results make it likely that they should have drilled it more towards the northwest direction.
So the PEP9 hole looks to be testing for this hypothesis. What is surprising about PEP9 is just how far over to the west they have placed the collar. This hole I estimate (via scaling) is circa 500 meters long and so it’s interesting how they placed this drilling and I look forward to its results.
For PEP7 they have used the same collar as was used for the successful PEP1 (along with unsuccessful PEP2 and likely unsuccessful PEP5). So to me PEP7 was likely decided as a time filler hole whilst they were planning where to move the rig and prepare new collars. Having failed with PEP2 that was going westward. I suspect that PEP5 had attempted to go northwest (but not possible to know for sure from the picture) and this also failed with short meterage. So they were left with only due eastward as an unchecked direction from this collar and hence PEP7 headed in that direction. The thing about PEP7 that intrigues me is how far they drilled eastward. This hole i estimate is circa 450 meters long so why go so far over to the east when the suspected mineralised zone is trending northwest?
Now saving the best until last, the real potential eye opener is relating to PEP8.
PEP8 looks to be the 1st hole aimed at testing the PEP1 finding via a new collar/rig position. It’s been positioned to the west side which makes sense based on what the RNS said, but the really intriguing aspect is how far east the drill hole goes. Where you see the PEP1 and PEP8 lines cross on the picture is roughly where PEP1 was ending its 150 meters of mineralisation (via scaling and using slide 16). This corresponds to PEP8 at a drill length of only circa 350 meters. So why did they keep drilling PEP8 for another circa 350 meters eastwards to reach an overall length of circa 700 meters which is the longest drill hole by some distance. Furthermore you will notice how PEP8 end of hole is close to the PEP7 end of hole. So was PEP8 pushed that far east because of something they had found in PEP7……?
So in conclusion very intrigued in particular by the east side PEP7 and 8 at their end of holes region. Have they found something important in that area……
Look forward to seeing reactions to my thoughts from others on the board.
The slide 15 from the September presentation (available on website and link given below) has been intriguing me for some time. I look at the various “finished” & “in progress” drill lines drawn in the picture and ponder what are the potential hidden insights it is giving us ahead of receiving further published drilling results, about what the field team are progressively doing/finding.
I want to now share my thoughts here (wait for next message please give me 10 mins) and hopefully we have a few budding Paddy Gall types on board who could take a look technically at what I am suggesting and give their views.
https://wp-orosur-mining-2021.s3.eu-west-2.amazonaws.com/media/2022/09/sept-2022-Presentation-Ororur-Mining.pdf
I was a holder since early 2021 (topping up subsequently as SP dropped into the 3s) soon after the last placing, as it seemed a good time to invest with them being cashed up. I have liked the potential of their asset, but it has always been somewhat of a disappointment to me and other LTHs that the Management has not invested significantly with their own cash in the Company shares……..why don’t those “in the know” bet on its potential ?
Yesterday news looked excellent at face value and I can understand why the SP rose significantly (although the 150% seemed well overboard). However I took a look at the Stalicla website as linked below and wasn’t impressed. These guys are a small private outfit with only 26 employees and so I would have big concerns about whether the majority of this milestone money will ever materialise for EVG.
Accordingly I decided to take advantage of the highs of the day closing price and sold out for a reasonable profit. I could have timed it wrong and it rises some more this week but the nature of the market at the moment is that it’s mainly driven by short term traders using news events to pursue price spikes and then quickly sell for profit and then move on to the next one….rinse and repeat. I will watch the action with interest during this week.
https://stalicla.com/about/team
Readers should note that EVG are presenting on the “investormeetcompany” platform at 1pm on this Wednesday 12th Oct.
Should be a positive session with todays excellent news etc to discuss the details.
@dryland……and here’s another example (EQTY - silver junior explorer) who have just announced warrants extension on the Canadian TSXV exchange, for whom OMI are also trading their shares. So from time to time it definitely happens.
https://ceo.ca/@newsfile/equity-metals-announces-the-extension-of-the-expiry
Looks to be all positive news. Seems to be a well run outfit.
Just came across this positive news article regarding Peru’s mining sector, dated yesterday.
https://iknnews.com/peru-plays-nice-with-its-mining-industry-from-ikn698/
Mapp………your on the wrong board (this is Aquis exchange).
Biggest trade (a buy) of the day (5K GBP) was hidden away over on the Aquis exchange by the MMs. Personally I took 150,000 shares today at 0.85p bargain price which they took all afternoon to complete the trade via a combination of the 130,000 U/T trade at 2pm + 20,000 shares as the closing trade at 4.35pm. Tells me they don’t have much stock to sell down here.
If we can see gold going above 1700 USD during the next week or two as we enter Q4 2022 then we could quickly see buying volume / momentum return in the precious metals stocks sector.
That’s nearly 1% of total shares……..leaky ?
@nolupus…..Looking at the previous wellness sector agreement it does not appear to cover for SFX-01.
In the agreement news release as linked below it talks about Juvenescence making use of sulforaphane taken from natural sources, whilst SFX-01 uses synthetic sulforaphane. That looks to be a fundamental difference based on the way it gets explained in the RNS.
So there could be some mileage in what @easyp is suggesting and perhaps EVG may use their SFX-01 progress to help give Juvenescence the hurry-up to roll out their overdue products.
https://www.lse.co.uk/rns/EVG/licence-agreement-with-juvenescence-4eyt1kohym361fs.html