Member Info for AG1989

I don't think it will need to get to this point, but if Raglan covers G&A and secures the balance of that, I wouldn't even mind if they raised again to invest in more machinery at BM.

We may get the revenue from Raglan to achieve this, especially once they enter Phase 2. But with the aspirations of both projects working "Co-currently" and at the same time, spending £1m on further equipment to facilitate Gold hauls in the Tens of Millions at BM, i'd welcome it.

in 12-18 months, ECR will likely be producing on more than one front and when so, i can't imagine the MCAP being as low as £9m

Obviously they’re using the material from test pits.

What back alley board wouldn’t ? You test the ground and target the material around the best test pits, which they did with the 1,000 tonnes ?

Do you actually believe the my just close their eyes, pick a spot and start producing ?

TS - will certainly be interesting.

“ ECR currently estimates that the cost of operations at the Raglan Project, inclusive of diesel and two personnel, would be around A$3,000 per day which, at the current gold price, would require production of only around 0.6 oz/day to cover such overheads.”

And without knowing what the official figures are, 0.6oz a day to cover costs, so a 1.2oz per weekend haul needed to break even. Certainly looked more the 1.2oz from the photo posted on X. That nugget alone had a bit of weight to it.

They’re currently valued at an equivalent of

£205m

Around 3-4 X our current MCAP depending where the share price is lying. 3-4X!!

Bear in mind

- they’re probably only a couple of months ahead of the curve compared to us

- they have the tenement next door to Sanankoro

- They’re being financed by the same company who have just taken a 29% stake in Cora Gold

- Similar ground to Sanankoro

It won’t be long until both companies are sized not too far away from each other. They have a larger resource but nothing we won’t get in time. Load up and get ready.

The biggest appeal here for me, is the fact the company MCAP is around £8m and moving forward, we may be in a position that to expand, produce, buy new machinery etc, we won’t have to come CAP in hand to the market. It can be funded within.

That’s a rare opportunity you don’t see much on the AIM mining market. Combined with a crazy Gold price, you no longer have to produce groundbreaking numbers to make it viable. Generate revenue, invest, expand, grow.

If correct, Blue Mountain has the potential to generate hundreds of millions of $, and we won’t have to dig very deep to get it. Certainly won’t be drilling needless 500m holes, and drilling and blasting.

Thetriplestar - hey there. Yeah it’s not frustration from my end. More Anticipation and excitement for what’s to come.

We have years of production ahead with endless amounts of RNS reports detailing exactly what they’re finding. I can’t imagine they stopped after producing the other weekend. Gold fever is a real thing but you have to approach it with a balanced head, and strategic board. Something we certainly don’t lack here.

Fantastic number

No reason why we couldn’t none stop mine for the foreseeable now. Even whilst we await BM permitting, phase 1 and 2 should deliver nicely for the company.

It’s been 2 weeks now since that weekend haul and proven Gold, very excited to see what they’ve been up to since.

Looking strong mate that’s for sure. Bring it on

10% free carry here can still be company changing, for where the price of Gold is right now, you can certainly profit off the back of that.

I just never got over what a shocking deal it was to give Riversgold 80% of the project for a A$600,000 earn in. £350k? In the same time the company raised 10X that number to progress the GH project. Should have all been spent on the Northern Zone, progressing the project beyond what Riversgold did themselves, leaving them in JV talks with multiples of that 10% carry.

It can’t be undone I know that, but I used to see Naheed as astute and quite a switched on character. That deal ended all thought of that. Crazy crazy

knowing naheeds history, if the last placing was done in august for £500,000, i can imagine another is on the cards, not too far away.

15 billion shares!! and anything from here will probably increase that close to 20 billion. that kind of dilution is a killer for your personal investment with very limited updates on the energy projects in ****stan. those same projects she raised millions of £ for. it should have all gone into the gold project and advanced themselves before the jv

hopefully those still invested get the mining approval and you can finally start to generate some returns here. best of luck to investors.

It really is an under the radar stock isn’t it, significantly. I’ve never been in a share where I’ve seen this percentage of long term holders. Stock can be hard to come by and think in terms of jurisdiction, Sanankoro will be ready soon to deliver.

Would love them to announce that most proceeds from Raglan are being reinvested into machinery for Blue Mountain

Purchase second hand, lease, whatever, it would make perfect sense.

No reason to pause our ongoing operations at Raglan, however big or small.

Expand phase 1 into phase 2, purchase rock truck, loaders, excavators and a second wash plant and get up and running there. Once raglan complete, get two operations running on BM.

I only have here and Cora. Cora ready to explode and mine construction to commence, a little gem I’ve been in for years. But I’m just as, or more excited for what the future holds here. It’ll be RNS action packed and will take the company to the next steps.

Raglan will see the company generate enough revenue to take on Blue mountain. The share price and company valuation should increase modestly, and then if there turns out to be the amount of oz’s stated at BM, jackpot

- shallow depths

- easy to access

- wash plant, possibly upgrade to a higher tonnage

A bargain for £7-£8m and can comfortably say the company are in a much better position than they were 5 years ago when the price was 10X this. It has an action plan to bring in revenue in the short term (without asking the market), to then take us to the next step.

Listened to the recent interview half a dozen times now.

BRING IT ON

It’s just made up.

The more they put, the higher the fall when news lands. Easy as that.

1,000 tonnes is not a test sample. It’s production and it’ll only expand from here.

Aren’t the production numbers normally produced in the quarter update? Normally the standard across mining sector.

Maybe with it being their first run they’ll release the numbers in a separate RNS before that update. They’ve already shown us the Gold so at some point they’ll be legally obliged to report it to the market. It’ll all come in time

Would be nice to have an interview from Bert

An as investor, I don’t want to sound ungrateful, I think what the company have executed in the last 5 years has been groundbreaking.

Would be nice to hear the 5-10 year plan, and beyond. The obvious activity is Sanankoro. Build the mine, process, expand. Repeat repeat repeat.

Then there’s Senegal which looks to have great potential. Having this producing in parallel with Sanankoro really takes us to that next stage. I’m in no rush at all to sell up here, long hold for me with it being in my pension. There’s no reason we can’t dream one day to become a £B entity, and I know I’m jumping the gun, but I genuinely feel we have that potential here, maybe even get a third asset.

Everything is focused on Sanankoro for the foreseeable and rightfully so, but it would be interesting what his thoughts are beyond that.

Contained metal**

Mine **

Stupid auto correct

Toubani Resources are in a similiar place to Cora right now, with a larger deposit over 2Moz, and a predicted higher output.

All that aside though, there’s not too many differences to here, after connecting with Eagle eye and Mike construction just beginning, as we await permitting news

They’re valued at A$301m, around £156m. Compare that with the £40m here it’s safe to say once construction begins, a serious rerate should be in order of £60/£70m north of what we are now.

We have $4.5 Billion worth of contains we metal in the ground. Once construction begins, it’ll be hard to keep this down.

Https://hotcopper.com.au/threads/ann-final-investment-decision-for-the-kobada-gold-project.9057202/page-7

A couple of their investors following Cora slightly. valued at $80m and talks of taking us out for $110m

Absolutely no chance. times that by 5, and the rest. Long term investors here are expecting significant returns, especially after the years of waiting

Already discussed, but an oversight from myself. I didn't realise that the Kabada Deposit Toubani have is only 10-15KM or so away from sanankoro.

https://www.coragold.com/wp-content/uploads/Cora-Website-Overview-Sanankoro-AR2024.pdf

Page 3. I always thought it was a good story about pushing through another mine in Mali which will tie in with what we're currently doing. But to know its so close to Sanankoro, and with the permission they've recently been granted to begin construction, can only be a matter of time here