Member Info for AG1989

Gold now over $3400. A number which will drive serious investment here on the run up to production

Directors talk interviews . com

https://www.***************************/cora-gold-advances-processing-at-sanankoro-project-loncora/4121200306

posted 5 days ago on their x account and many will have read it, but a very good read. i do think it's bypassed regularly, to how fast revenue will be generated once production begins

"one of the things we’re fortunate with at sanankoro, as i mentioned briefly before, is you’ve got oxide gold or high-grade ore from surface, which you’re straight into so the project benefits from a relatively low strip ratio, around four-to-one strip ratio in terms of waste to ore being moved. you’re obviously straight into ore from surface and obviously you benefit without needing significant levels of crushing or drill and blast in the mining."

the first couple of quarterly results "should" deliver brilliantly and this is something the board have always targeted. and as a result, if the figures meet the actual projections, or exceed, the market will react very well.

Stocktow - we are buddy yeah. Timelines can change though like we all know, but in our instance, I’m pretty sure the following 3 will be finalised and announced by September, October latest

All 3 go hand in hand to be honest

- Mining Permit

- DFS update

- Financing executed

The mining permit, I can’t imagine being too far off and once we begin construction, it’s in our advantage and the governments advantage to get this to production sooner, rather than later

Keeping an eye on the share price to buy some more if it drifts any further, all that being said, it doesn’t worry me one bit.

The share price is drifting because it jumped over 100% in a short period of time, with limited news flow since. A downward trend and its sat at 7p, 8 months ago it was 2p so il take that.

No concerns here, and the mining application being granted should see a nice rise, and once mine construction begins, the SP will be impacted by the Gold price. A soon to be producer will put Cora in levels above many junior miners/exploration companies. Us investors are taking, and have took a large portion of the risk here for some time, those same investors will benefit nicely when the news rolls out soon. Happy to wait. 18 months of construction of follow, patience is a very much needed attribute here.

Time to get another million if it drop ;)

Good interview that. Good to see BM talking about the significance of the potential cost savings with the smaller ball mill

I used to always get the feeling with Cora, and my African based investments, how they’d perform mark wise once the news reaches. It’s not the desired jurisdiction compared to maybe Australia and North America, so it has intrigued me

But the last 3 months alone, is the only proof you need, from 1.5p to 3p and now holding 8p and above, there’s no denying the interest is here and anticipation. We’re entering that zone now and it’s such an exciting prospect.

Fantastic news and a little pre spoiler to the results coming our way in Q3. July/August/September. Would imagine we’d have received the mining green light before that time too. With inflation since 2022, any additions to keep costs and overall AISC down, combined with a Gold price over $3000, are instrumental to the economics here.

Considering how morale was at the start of this year, it’s safe to say developments are moving at pace. Well done to all involved.

And on and on and on. There are investors out there literally scraping together every possible share

Stumbled across West Africa Resources this morning. Not a cross ramped and I’m not invested, they’re listed on the ASX in Australia. They’re trading at $2.68, valued at $3B AUD, back in 2016 they were trading at 0.08 AUD, probably a similiar market cap to us now, if not smaller.

They’re based in Burkina Faso and now have 3 projects, 1 currently producing, 1 set to start producing in 2025, and the other already has a resource into the millions. Think they have group resources totally north of 10Moz

My point being, i find it fascinating with Africa, the untouched potential it has and what it could all lead to. West Africa Resources are not only junior mining company, who have grown themselves into a multi Billion $ entity in Africa. Even more so, Burkina Faso borders southern Mali. This area is rife for Gold.

I’d love to hear Bert’s long term interests and plans. The short to medium to term, we do have enough going on and hopefully expand operations into Senegal, but instead of looking at 20/30/40p, could Cora follow a similiar path to the others and dream big into the Billions. The financing is huge, we’ll be debt free and be generating millions every month. They’ll be very well set up to grow this company as big as their ambitions allow.

Share price is hard to say, genuinely think this won’t blink and will get past 25-30p when news is released. I understand that puts the MCAP over £100m but with the revenue to come in 18-24 months from that point, it’s doable.

I’d be disappointed with 50,000 oz first year. Capacity north of 80,000 oz and think they’ll literally target the easy ground first, rich in gold, shallow, easy payback and become debt free. Then will level off around the 70,000 oz mark.

But like you say, having it in writing is one thing, actually bringing it to reality is completely different.

Thought we'd have a light hearted sweep, on the run up to what should be staggering news in 2025

Will name a couple of categories and have a little guess when those milestones will be complete, and associated data:

Mining approval Green light?

DFS update?

Funding triggered with Atlantique?

Gold price used in DFS (Last price used was $1750?)

AISC (Last price being used $997)

Average yearly production?

Madina Foulbe Maiden resource? (Nowhere near this stage yet but a couple more drilling campaigns and we'll be away)

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I'l start

Mining approval Green light? Back end of June 2025

DFS update? Start of July

Funding triggered with Atlantique? Start of July. With increased costs, they may have negotiated a higher loan than $70m

Construction begins: November

Gold price used in DFS: a Conservative $2900

AISC: $1100

Average yearly production? 76,000 0z

Madina Foulbe Maiden resource? 400,000 oz

Considering he wants construction to begin in 2025, I’d say this May

Quiet indeed, great to see the share price holding at 8p, nobody really wants to part ways right now.

Also nice to know that with the current price of Gold, our in ground resource is currently valued at $3,313,000,000. this is based on 1Moz, which we can see grow considerably. The longer we wait for the Mining application to be approved, the sooner we'll also be to the updated DFS which will go hand and hand with funding/Atlantique. News before the end of May?

Just saw it pop up and my heart dropped. Shame it wasn’t what we were after 😂can’t be long now.

Why would this affect Sanankoro and our license being granted ?

Has been quiet here to be fair. I had similar instances over at Oracle Power in-between news, just found myself racking my brain over and over with the same stuff, but this is a far more exciting prospect so I actually don't mind haha. Spent some time reading through the DFS and $70m Funding mandate trying to figure out which of the costs would have likely risen, if not all. Come on Mali, give us the approval!

Great to see, and important to gain some momentum with Madina Foulbe as construction commences at Sanankoro. They'll drill this next and could be at a stage once the mine is complete and ready at Sanankoro, we could have defined a Resource in Senegal. The good news will keep rolling in

Outstanding smudge. I think that Melee has already begun. Very limited stock and price has held up nicely around the 9p mark whilst the remaining few gets mopped up. Multiple trades, small volume, been this way for a few weeks now. Begin construction and get the drill bit turning none stop on both assets.

Https://hotcopper.com.au/documentembed?id=sC1D18q3MHQ4ga8wwAQ7OGmPSpA338SzcPPIa%2B3%2B9QAVbAojEAC9%2FzSmGlaE4L%2BS

Tounabi Resources

"Toubani and the State of Mali have agreed that the key fiscal regime to govern the development of the Project is the

regime set out under the 2023 mining code. The Project was initially governed by the 2012 mining code.

The agreement with the State of Mali secures the Kobada Gold Project's development pathway and is a step towards

necessary regulatory certainty for the Project. The agreement presents a clear framework for success under the 2023

mining code while solidifying Toubani's stated intention to form a partnership model with the State of Mali for Kobada."

Toubani now need to secure ESIA and further funding parameters but have an agreement with Mali under the 2023 Mining code

Us next (Hopefully)