Member Info for AG1989

I was mentioning Cora Gold yesterday and it's the risk you take, but I'm still confident with my investment there. Mali has been ravaged with civil war for generations but has maintained a thriving Gold exploration with many majors making some kind of transition out there.

In terms of Jurisdiction, you won't find much better than where Wishbone are currently.

quite possibly ST. I'd just say use the full 30,000m to our advantage, however long it takes.

"up to a depth of 300m". I'm sure they'll allow some flexibility and send a few deep DD holes down to the 700-800m anomalies

Prove**
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Apologies. Too early.

As a junior explorer, they have 3 majors on board with a combined expenditure of $A150m
Rio Tinto
IGO
Newcrest (their biggest shareholder)

This kind of distribution whilst they’ve maintained their 100% hit bed (700,000 oz) is a master stroke.

To progress red setter, don’t for a second believe wishbone will go this alone.

They’ll get the 30,000m out the way, calculate roughly what they’re dealing with and negotiate some kind of JV or farm in to progress red setter further (which is definitely is a positive). If/when the results probe positive, majors will be fighting themselves for a piece of the action. But with a 4 yesr proframme planned snd fully funded, those talks may be some way off

Nice problems to have :)

Yep, 35,000m of drilling fast tracked in order to generate an updated resource estimate, submit a feasibility study which ticks the box (for funding) which significantly derisks financing moving forward taking Sanankoro to production

Not to mention that out of the 54 holes reported from the current drilling campaign, 51 of those holes intersected Gold. The one factor we don’t need here, is luck

Cya

Hyphenator - Great spot.

Papaduke - The JV would be a game changer here and looks like the obvious choice. The recent placing done above the share price with the 20p warrants was a master stroke which reduced any Dilution

In terms of the JVs I’ve followed, we’re still some time off that I believe, but it is a possibility. There’s a 30,000m campaign fully funded, let that do the talking and strengthen your arm at the negotiating table, but first find out what your dealing with.

That’s what sets this campaign apart from some other junior exploration companies. Some companies hoping to entice one of the big boys are plodding on with 800m/1500m/2000m campaigns. Relatively small in the grand scheme of things, and puts more pressure on the initial results delivering the goods. 30,000m gives you that extra leeway and room to work with and I’m confident in those delivering value as we progress, then sign a JV. Newcrest look relatively tied up with GGP and Antipa but you never know.

And it’s clearly a tongue in cheek topic started, resulted from cross ramping making its way through the boards. If we have the potential I think we have and a lot of you think we have, there’s absolutely no need or desire to access other boards and get them to “come on over to wishbone”.

Long journey ahead, enjoy it. There’ll be great days and slow days, take the rough with the smooth.

Brilliant. I’ve actually Sold my allocation since Friday without actually logging in to my SIPP account. Would love to hear your reasoning behind that.

You, are the reason so many get spiked in stocks like this. Your the one ramping up a stock without any sufficient evidence of grades or assays for the company to ,live forward

Invest in potential. Exactly what I’ve done. Exactly why I’ve stated numerous times on here why I’m invested. But your selective reading clearly overlooks those posts.

But potential is a far cry from actually delivering the goods. But carry on. Please.

Extremely happy with the gains today. Volume is good and sentiment has been brilliant. For a small cap company, 30,000m is fantastic.

It does worry me slightly though. Deja Vu. I’ve been the victim of this many times before, that’s why I loaded my allocation up last week, and not chase the SP as it’s rising. ECR OMI ORR just to name a few over the past 12 months, without releasing any assays you get these 20/30/40/50% hikes out of nowhere. The company gets ramped to death and you get PIs jumping in at 25p/30p/40p on the back of ramping before the inevitable pullback arrives.
Every exploration company will have a nice honeymoon period with the share price but when all is said and done, the grades do the talking I’m afraid. It’s not about how much you think it’s worth or it should be “10 times what it is now”, it comes down to what’s in the ground. Cora Gold have a market cap of £17m. They have 35,000m of drilling ongoing and an MRE of 265,000 oz which will be updated in the very near future. They also have full financing agreed to take it to construction from 2022.

The geological characteristics look brilliant. But I’ve seen countless magnetic anomaly targets drilled with zero to few returns in terms of grade and Gold. The GGP comparisons seem a little irrelevant at this stage. We have a much smaller float, you don’t need Havieron style grades to be rewarded with Big gains. But you do need some grades, a deposit, a continuation of drilling assays and results to show you have some kind of substantial and healthy gold system in the ground. We are a long way off that. Small steps

I am invested and don’t want this to come across as a deramp. The sentiment is high and that’s brilliant. We’re more than fully funded, we’re in a great post code, we have brilliant geologists working for us and we’re about to embark on an enormous maiden drilling campaign. The potential is mouth watering. But I genuinely don’t want this to be a hype stock PIs jump onto and get stung shortly after
Appreciate what we have and let the results do the talking.

100% TS. Totally missed the opportunity and it only came up through somebody posting an O/T haha

As austrochris states, just over 2,000m of assays reported of a planned 35,000m before the end of July. That’s a significant campaign by any standards, but for a small cap £17m company, its outstanding.
The grades recently reported are excellent, will all fall within the scope of an open pit operation. An inferred MRE of 265,000 oz, the upside here seems huge and the project is derisked with financing agreed upon terms of a DFS by the end of 2021. Think I’ll help myself to some more :)

Can see them smashing the 300m out of the park

Nice to see them going beyond 100-150m at CRESWICK, get some vertical measurement to the mineralisation close to surface

Great update and much improved on the old recycle of the company presentation.

Correct. Read that wrong. Wow. Even better.

Just crunching numbers. Be interesting to see an updated MRE and how big this deposit actually is. Just bought 9,000 shares. Moving some money around and will get more.

Very impressive grades. Derisked. Small float. 22,000m of assays to come over the next couple of months

Am I right in thinking the area already has a previous resource estimate of over 200,000 oz before current drilling was carried out ?

Continuing to look back through so any information would be appreciated. Looking at the PDF file, this looks to have real opportunity in the junior exploration space. I’m in a number of companies elsewhere but this has never crossed my path. Astonished.

If anybody can answer, the sanankoro project, is this a JV or farm in agreement ? Or is this a project Cora have a 100% interest in ?

Scanning back and for its market cap, I’m really impressed with these recent grades and the depths they’re being recovered from.

Rio are spending $A24.5m on the Citadel JV with Antipa in north Paterson. 4 rigs running here, I believe work is ongoing South of Winu so maybe just prioritising a little.

;) at least Havieron won’t be quiet

No haha

(Not yet) anyway. Buying into something on that basis before a drill bit has even penetrated the ground is bad investment

That said, it has all the ammunition to hand to create multiples of the current SP
30,000m, if they don’t find multiples nuggets lying in those assays il show my arse in burtons window.
This is slowly moving away from a “speculation stock” and could really begin to motor once the grades come in. Antipa, in the same region, this is going to be a monster of a company. The growth there is inevitable. I’m hoping wishbone follow the same path

The contract drilling at CRESWICK will be moving at pace. By end July there’ll have been about 20 holes drilled between both projects

hahah god knows what they'll come up with, hopefully they can bring this quote to life

"Our drilling at Bailieston continues successfully using our in-house diamond drill rig and we look forward to assay results of recent holes, particularly following the initial geological review of the drill core"

Shiner, this is from the latest RNS but i assume so Yes

"As previously announced, drilling is ongoing in the Historic Reserve #3 (HR3) area of the Bailieston project using ECR’s own diamond drill rig. Assay results from the first four holes (BH3DD001 to 4) were announced on 20 April 2021. Assay results and final geological interpretations are currently awaited in respect of four further holes (BH3DD005 to 8).

Hole BH3DD005 has targeted the Maori Reef, and holes BH3DD006 and 7 have targeted a hypothesised central anticline (as discussed in the Company’s announcement dated 20 April 2021). Hole BH3DD006 was also drilled to test the Dan Genders Reef. Initial geological interpretation of holes BH3DD005, 6 and 7 indicates that the hypothesised central anticline does exist and represents a favourable target for hosting gold mineralisation such as limb-thrust type vein systems."