BONANZA!!!5 Nov 2019 09:47
Couldnt resist so bought some more this morning. Unlike some of the major players here I am holding £12k worth now and no more will I buy..
I totally missed this statement below. Anyone else miss it?
Chairman Christian Schaffalitzky is quoted as revealing on 25 October that “bonanza grade ore pockets” were discovered at the Kluchiki open pit mine. This technical mining term relates to a rare pocket of high-grade deposit being found.
Discovering bonanza grade ore effectively means that mining operations will be cheaper, because it takes less effort to pull more precious metal out of the ground. And what comes up will contain a higher proportion of the shiny stuff, which means big profits ahead.
If true, it means the FTSE AIM-listed miner has literally struck gold.