RE: £100mcap+ company quickly. 15-25p a share3 Feb 2026 08:14
This is why I have always preferred JAN to MILA and WSBN.
So there's an existing 210,000oz resource. This is not a hit and hope adventure like WSBN.
They are building of a proven high grade, shallow gold resource which is in a very gold rich area with tons of huge mines in adjacent on all sides.
Millions have already been spent confirming this.
The value of the existing resource has seen a $1000 per oz price increase just over the past 2 months even with the minor pullback in gold prices.
That increase is worth over $200,000,000MILLION to the current resource value in mined ounces
That 210,000oz resource is worth $1.1BILLION at current gold prices which is projected to go to $10,000 this decade
So much to come this quarter:
*JORC report
*Resource upgrade coming to around 350,000oz
*Providing a 10-15 year LOM already at this stage
*High confidence existing gold zones will bring in over 1,000,000oz
*20,000oz annual production economic study coming
*Paulo keen to get producing
*Adjacent mines with AISC under $1,000 vs $5,000+ gold price
*Mining rich region with multiple gold and metals producers surrounding the project
*All infastructure in place
*Fully funded development phase
*Warrant cash funds next phase
*Advanced Vandium project, fully owned also make awaken in this metals climate
*Management here has delivered massive gains at Serabi Gold in Brazil. Check their share price.
10-20p+ and more OMI style rise very possible. This trades at a fraction of the mcap.