Member Info for aprogerson

@Burton Charger is a good example of this and I believe Rincon will be too but just taking its time
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@chisler Auger bits are usually used for relatively shallow piling so (I am guessing now) are cheap to use and can easily remove loose material for sampling.
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@news Interesting MCap dynamics at play here as Charger is A$22m and CCZ is A$50m & both these are very early doors exploration plays albeit next to 2 monster MCap Lithium plays. IF either of these Juniors play out they will be circa 2 years behind Core and could make use of Core's capital investment if they are willing to consider toll processing the ore improving Core's profitability and CCZ/Charger's time and capital cost to production.

Another interesting play on Charger is via Gunsynd (AIM:GUN) who owns 7.1% of Charger and has only £4m MCap ... and yes I hold both CCZ and GUN shares.
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@news Interesting GUN is MCAP £4m and holds 7.1% of Charger with MCAP A$22m so value to GUN is £850k.

Methinks GUN is trading at a healthy discount to NAV and direction of SP travel is up having bottomed at 0.85p today!
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Nice concise Summary RNS.

Lots to like, lots of newsflow at 2x Lithium projects under option plus drilling at Arya & Big One and an upcoming IPO for Broken Hill.
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Positive RNS with activities planned through closed season and for early exploration restart in spring. Looks like tailings reprocessing is getting a big boost with more spoil heap surveys and road access upgrades. Just would be good to know status of production facility, scale, availability and so on.
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@bonker I also suspect as the non-transitory Inflation narrative starts to be accepted more widely HNW and more institutions will be wanted to hold less bonds and a larger allocate to PMs especially gold. I also suspect that with the advent of BTC ETFs some of that PM allocation will be cannibalised by BTC. None-the-less CBs cannot afford for interest rates to rise so real interest rates will remain deeply negative. The question is after all this money printing what will be the catalyst for POG to properly break this downtrend and do what we all know it should be doing?

Then the only question will be how high and how fast?
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Would be good a get a general update of where we are and what is coming down the pipe given winter is now here in Nevada.
> Tailing production facility
> Balance of assay results
> Copper drill results and next steps
> Updated presentation with status & next steps across prospects
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I'm guessing ASX getting a bit peeved at old news being recycled to keep newsflow going. However, lithium licences look really good and the real news will be when the truth machines get to work and drilling starts at Arya and on identified pegmatites.
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@Bonker I always though Enterprise value was Market Cap + Debt - Cash. So ...
> Market Cap = £72m
> Debt = $5.9m or £4.25m
> Debt (loan) = $100m or £72m ... if/when it gets drawdown to build Kouroussa
> Cash = $4.9m (gold to hand) or £3.55m
Enterprise value now = £72.7m
Enterprise value max on loan drawdown = £144.7m
I agree that this should be putting a very firm floor under HUMs SP given the future production coming onstream over the next 2-3 years namely Kouroussa +100k within 2 years and Dugbe +100k probably within 3 years albeit subject to a mine being financed and built.

I suspect HUM will want Kouroussa mine to be producing at initial 120koz before it takes on any more debt to fund Dugbe, but who knows POG might be 3k+ by then in which case happy days!

Like you I am treating HUM as a growth play with current production funding both exploration and mine build seemingly for free at this SP. Once Yan LOM is pushed out significantly I am expecting more investors to catch on.
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@kully I'm getting the sense we have just begun here; the significant thing is we have found 4.3m of sulphides at or above Sentinels average grade of 0.54% Cu ... just not at any scale, well not yet anyway!

The other big plus for me is that whatever combination of geophysics and mineral ratio sampling they are using is now starting to yield tangible results. The only downside is the CE target is 4km x 1km so that means we will need a LOT of drilling, of course the upside is if we find more sulphides and at scale it is 4km x 1km = a LOT of Copper!
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@kully I'm also trying to unpack the RNS and whilst finding 4.3m sulphides @0.6% Cu it good news it also leaves a lot out hence the mixed reaction and SP drop.
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@Swatton I think Bonker meant to say that Dugbe is fully financed to DFS as Pasofino is paying for all that as part of tehri buy-in to qualify for their 49% share.
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I like many think the value here is compelling, but Q3 update was an absolutely shocking "own goal" ... not enough equipment!

Who would have guessed you needed enough equipment to dig out the ore to be able to extract the gold? You learn something every day.
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Nice ... and if I may say it 'About Time'

Oh and some clueless posters on here it would seem ... read the RNSs DD it kind of helps understand what is going on!
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Steady as she goes
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Very encouraging news especially as it is direct shipping Nickel core so low capital costs
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GUNs SP is definitely beaten down IMHO and at a significant discount to NAV which is I wasn't already heavily invested would make this is a conviction but for me.

Rincon is currently taking its sweet time and their SP bouncing around as the newflow from exploration cycles as you'd expect for a (albeit well funded) Junior Explorer that is now 3-6 months behind where it said it would be when it IPO'd Dec-20.

It doesn't help that Low6 IPO has been delayed and is still not listed on https://www2.asx.com.au/listings/upcoming-floats-and-listings
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Yes, clearly CCZ are now running through information they already know from their DD and sharing it via RNS. It may now move the SP too much but it is reassuring and will overall help sentiment as positive news flow across licence areas continues.

Shame about Big One results to date not being of scale, but IF Arya project comes through then BO may be a useful feeder/satellite site and may work out well overall albeit further down the line.
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I used to be heavily into Lithium in the 'early days' via REM, Baconora and PREM so understand enough to be dangerous
ATB APR