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I have been watching this for sometime and more so with the rise of met coal / coking coal. However I will not be buying until funding / dilution is resolved. I will make a move then. Certainly a lot of upside here once near term issues are resolved.
Should be turning a good profit this year with current production vs coal prices.
Does anyone have any estimated earning figures for last 6-12 months and estimated earnings / revenues / production figures for 2022?
If you have not checked out or invested yet into #cgo then you are missing a massive opportunity - I called #ben at 13p and it went to 42p - CGO is just 10p now and will be a minimum of 25p in a matter of weeks / 50 days. It has already moved 40% plus and its going to keep going.
Key points:
1.6 billion tonnes of met coal
Estimated 3-5 million ozs gold
Revenues of $30 million by end of 2022
Profit generating in less than 39 trading sessions
Gold not even priced in
300kt per annum initial production
Gold rns to land any time
Offtake agreements to land any moment
Contango holdings will be producing met coal in just 60 days!! - up to 150% share price upside in less than 2 months - production starts in less than 60 days which is massive. CEO said last year in March earnings would be $12m PA on our met coal asset and that was before coal TREBLED in price.
This could do 250% in no time. We have enough coal to run for centuries!! Around 1.6 billion tonnes of coking coal in the ground.
This is not including income from our Coking batteries which are starting to be installed in April this year! We also have our gold assets which are not even factored in!! An RNS could land any minute in this
Incredible value here! You have seen what Ben’s creek did, now it’s time for #cgo to do the same. Now is the time to buy. Buy at the bottom and watch this rise.
The coke battery will add a further $10 million ebitda by December.
I am expecting ebitda of $22 million with current coal prices April and the further $10 million by December -
Plus the coal reserves alone are worth a fortune and also the 2 million plus oz of gold.
If Cgo does not hit 25p near term I’m a monkeys uncle.
Bill the bank? Where are you getting 3000 tonnes a month on initial production? 3000 tonnes a month is stage 2 for coke battery production
Initial production is 300,000 tonnes a year
raw coal and will work out 150,000 tonnes a year after being washed.
Also what you need to realize with the gold?.
Technically 2 million oz of gold is just Garalo- Ntiela has G1 & G3 extensions. Plus a load of new mineralisations that are not tested + a new ?dome? structure
Could easily be 3-5m oz
Back of fag packet calcs assuming 4Moz. I have worked on $60 an Ounce in the ground, I know Silva uses $90 but I think $90 is for a tier 1 location Canada, USA, AUS.
I have used 380m shares as fully diluted, with options and warrants excetcised (estimated)
$ conversion rate 1.35
4000000 x $60 = $240000000
$240000000 ÷ 380000000 = .63
63 ÷ 1.35 = 46
So gold worth 46p / share
Feel free to pull apart
300,000 tonnes initial production coal will be taken to hwang and then washed. Once it is washed then you lose around 50% so you’ll be left with 150,000 tonnes per year to be sold on!
Let’s work on a conservative PE of 5
Profit per tonne $150
$150 x 150,000 = net profit of $22,500,000
Market Cap =$112.5 million or £83.9 Million
Profit per tonne $200 (where I think we will be)
$200 x 150,000 = net profit of $30,000,000
Market Cap = $150 million or £111.9 Million
All of this is just the market cap based on earnings not taking into account the asset values of the 1.6 billion tonnes of coal and the 2 million ounces of gold!!
We are onto a massive winner!!
*** To all new CGO investors ***
Please read why i am so positive about this share and why this is my biggest position in my PF & expecting a stratospheric rise of over 200% PLUS in the next 7-8 weeks. 200% rise is CONSERVATIVE on initial coal production.
CGO is in a transformation Period with a tiny market cap of just £25 Million Vs peers such as Bens already at £150 Million MC. In less than 8 weeks time CGO will be a producer of met coal with big profit margins, selling Met coal that is at an all time high in value and in huge demand.
- 1.6 Billion Tonnes Met Coal Reserve
- Enough Coal to run for centuries
- Producing coal in less than 8 weeks
- a whopping 300K Tonnes Per Year Initial Production
- Met Coal Price at all time highs
- Coking battery installation start date April
- over 2-4 Million Ozs Gold in Mali
- Gold Not even priced in
- Gold Asset Value $150 - $300 Million PLUS
You are getting all of this for just a £25 million Market cap & I am fully expecting this to go over £100 Million market cap near term. IT IS A CRAZY VALUATION at 9p a share. If we are not over 25p in end of March/Early April we should be all disappointed. There are so many more points i can add but will go into more detail next week.
A fantastic day - just some key points that have already been mentioned
-Ben 160 million market cap vs CGO 25 million
-Ben less than 20 million tonnes (acquisitions due)
-CGO 1.6 BILLION TONNES met coal
-Production in less than 60 days
-Initial 300ktpa production with Coal at All time highs.
-over 2 million Ozs Gold in Mali
-increased revenue he via coke batteries Q4 2022
-Minimum of 250% upside from here
-Target price of 25p by end of march 2022 but could go much higher.
Have a great weekend all. I have a target price of 25p but will upgraded this to possibly 35p if all goes to plan.
Have an awesome weekend all. Monday should be a cracker and I will be buying more.
Just a little more volume to get past 7.5 and 8 pence will come quickly. I won’t be selling any until we are late teens or early 20’s
I’m really interested to see gold / Mali RNS update which could land any day now. Also I’m expecting further updates & payment figures for Lubu Coal project.