Member Info for AG1989

Bitcoinbuyer - I certainly read it. The share price speaks for itself today. Not a good reaction by the market. As shareholders were allowed to discuss the results, which, are not favourable. Hitting gold but averaging small widths far below 1g/t. It’s not mineable product. Hole 9 may be an improvement and I hope it is.

But as stated this morning, this is exploration. You won’t hit the jackpot in every spot. There’ll be more lucrative and favourable targets to drill out, eliminating the weaker ones means less resources being wasted in the future.

Phase 2 drilling at HR3 could produce better results after the first campaign and there’s a lot of data to report from Creswick which could be extremely bullish.

Snip was thinking the same. It’s in the cherry tree area but that doesn’t necessarily mean they have to mine cherry tree. They may return in years to come but the property was purchased for a number of reasons. 1 of them being a possible decline location for CT but the property will provide a location to build a processing facility which can be utilised for HR3, Blue moon and some of the other deposits.

Agrees dvh. Poor results I’m afraid. But that’s part of exploration, if it’s not there, it’s not there. Fingers crossed for their return to HR3. And also be good to hear more from Creswick soon, hopefully that can send the price north of 2p, promising signs so far.

I think the RAB rig, whether they purchase or rent one, was to explore the properties they’ve purchased. They don’t want to go putting up building, allocating land for a tailings dam etc or processing plant knowing there’s a pile of Gold sat beneath it.

Share price looks more promising. “Still” have it all to come but hopefully we can wave sub 2p goodbye for good.

Are they not acquiring an RAB rig in the next couple of months ?

Good point LW. Remember the initial exploration target of 1-2Moz based on a pit depth of 100m? There’s clear evidence in all 4 zones that mineralisation is consistent beyond 100m, it opens up the potential further.

I’d like to see them drill Grid 4 and Target 3 next. Whilst they open pit Selin/Zone A etc, they could create a 10-15km continuous Gokd strike by doing this from the Northern section of Zone A, to the south of Selin.

I’m also interested in an updated scoping study. The initial scoping study was for around 45,000 oz Pa, based on a 6 year mine life and a resource of 265,000 oz. If that resource more than doubles, we could potentially be targeting 60/70/80Koz per annum off the bat. (Capacity willing)With increased recovery rates from the last updated term sheet and processing mill. That’s an incredible amount of revenue for the company.

$24m free cash flow expected from the initial scoping study based on a $1500 Gold price. It’s now $300 more than that (This is based on the POG holding steady for a couple of years).
Seeing what the company did with Sanankoro this year with just a couple million £, just imagine the possibilities on our grounds with $10m+ being spent.

Also important to remember, a portion of these results are going to go towards upgrading the inferred status of the original Resource to “indicated”. The remainder has targeted extended mineralisation within the existing deposits.

For a junior company, to have a deposit that starts from surface up to 200m containing
2m@146g/t
19m@31g/t
49m@15g/t
4m@53g/t
32m@7g/t
103m@2g/t

Etc etc etc. It’s going to be extremely profitable. And that’s what we need to think about as shareholders moving forward. Our extraction and processing costs, and those quarterly updates moving forward.

The latest research note has

Target price:30p
October resource: 700,000 oz with 400,000 indicated and 300,000 oz inferred

Anything 700,000 oz or above I would be delighted with. The results have been magnificent. Plenty of exploration upside for the future. Sanankoro will be 1Moz+ , whether we see that value on this upgrade, who knows. I just wouldn’t put your expectations in the millions, keep it measured and anything Extra is a bonus. Whatever the company release, they deserve every ounce. They’ve been fantastic.

Berenberg - “Sanankoro is shaping up to be one of the standout projects in West Africa”

In their daily dig column today

Yeah it’s an exciting couple of months ahead. The story writes itself. The Gold is all there and ready for the taking. Sticky hands will benefit

No problem mate. I’m a year and half into my investment life and I crave it. A lot of mistakes made along the way but it’s all about learning from those experiences and adapting them moving forward.

Every investor will tell you where to put money, what’s the best and what will grow. Always do your own research and follow it but never but afraid to ask questions along your journey.

A couple of pointers which will benefit Cora and it’s investors long term

- It’s deposit starts at surface (This isn’t always the case. You’ll find some deposits can start 200/300m underground, maybe even further. Which means when mining starts, you have a larger strip ratio of material until you hit pay dirt)

- it’s very good grade. These long intersections and high grades, all combine for when you start processing. Your g/t will increase which will compliment the AISC(All in sustainable costs), the cost per ounce to produce Gold

- it’s 100% owned (No large JV partners to split the Gold with)

-it’s mainly formed in oxide material. Meaning the material is far easier to process once out of the ground. Limited crushing.

-$25m term sheet. I haven’t seen this in the junior sector before. And it’s one the main reasons I was drawn to the company. The company signed an agreement with a Consortium (initially $21m), to construct a mine. This is dependable on a couple of factors which the company should meet no problem. This then leads onto production

-40,000m drilled in 6 months. That’s some pace and when the board set out actions, they make sure they deliver.

-regional permits. Cora have a number of Regional permits and projects outside of Sanankoro. Once they begin to mine, and have free cash flow, they can set out to explore their additional permits and build up resources.

A brilliant company like I said. I got in a 4-5 months ago at 7p. I have no doubts that it will grow handsomely from here.

gogsthelogs - the AIM market has just become a traders wet dream. It’s all over.

I noticed it with LND yesterday. Reports of the Resource upgrade being delayed 4 weeks, it took a 10% hit. It takes a lot to get moving these days but I have no doubts in my mind, when I look at the junior sector, this is my number 1 pick for me.

When you have an upcoming resource upgrade which is estimated to be 100%+ (minimum), lock those shares in.

The Mail factor puts one or two investors off, I think it’s worked in their favour. In its “jurisdiction” the company have been able to operate flat out and delivered such strong results

Resource upgrade
DFS
Term sheet triggered
Mine construction

You’ll start to see this move. Frustrating for the short term share price but I’m just going to sit back and enjoy every second.

Just seen the Hunningbird Resources Q3 Report

$1,520 AISC/oz - Ouch. Market has taken it well.

I think there could be a slight reduction in AISC with our next scoping study around the $800 mark. Obviously overtime that will increase as grade diminishes as Shanta have also found out on recent Quarters.

Brilliant results.

Zone B1

17m@17g/t
2m@146g/t
19m@6g/t
73m@2g/t

A beast in the making

Suggins, when he said about being conservative I thought he was gonna to say mid to late November. But next week is a big bonus

Everything summarised there ST. Really enjoyed it myself. Going into knowing they couldn’t release any market sensitive data, I was pretty grounded beforehand.

But after it finished, I was left extremely excited. Two very honest board members. Very experienced and have all the incentive and drive in the world to push this forward. They’re on the ground doing it and it sounds like this new acquisition won’t be purchased to gather dust, they’ll be utilising it immediately.

Great listen and it more than warrants a top up.

“ A busy week here in Tanzania for sure but great to be able to get here, see it, walk it, touch it. ”

Most significant one IMO from Jason so far. Less than an hour ago

Hole in 1 will do ;)

Very good interview.

Interesting strategy. Instead of using the current campaign entirely to expand the Resource, it’ll serve two purposes.

-Upgrade the resource
- Expand further, areas that may not be considered in the resource upgrade but will show potential suitors, the potential of hitting over 2moz

https://www.lse.co.uk/rns/CORA/exciting-high-grade-tekeledougou-drill-results-od1qxegoc1s9016.html

Kouroudian Zone hitting 1m@102g/t from 11m

We have some exceptional ground outside Sanankoro. Big big future for Cora Gold.

Usually, these companies hit success in Africa, develop a project and then go hunting for extra land to increase Resources. Cora have that land tied up already