Member Info for BlackHopper

.. so you def have 30 minutes to watch this:

https://www.youtube.com/watch?v=eHH6CZo1JnA

what GOLD does next ....... well worth the time.

Hi Base, I think you are frustrated and I think I know why. It's all in cycles I'm afraid so to give you a little relief I copy Trek Madone's post from the ECR board for you. One of the best posters on LSE:

'I looked in this afternoon with a view to adding more. The price to buy then was 1.499. It really wasn’t worth it for me as typically I had only just added at 1.58! I was hoping for much lower to help get my average below 2 but agree with BCB, for new money you gotta relish days like this!

This is just an equity ‘taper tantrum’ the Dow has recovered from early drops to flat now. The market will soon get used to easing. It’s not anything like a black swan. It’s dummies out!

Interestingly there was a flash crash earlier in the POG then shortly after the Fed minutes came out! Now the POG has been flat at 1780.

The primary headwind for gold is usually interest rates. The Fed have said the economic recovery is still fragile. They don’t see a rate rise before 23. Inflation is viewed as ‘transitory’ and will pull back.

If the Fed are not buying their own debt or corporate bonds to the same extent that can mean demand isn’t there and liquidity will tighten. Atm the dollar is strengthening but I wouldn’t guarantee the narrative they expect to play out as portended unless of course they gradually wean the markets off the QE steroids. If that’s the case it’s slow, doesn’t go ‘far enough’ and comes back to gold.

Gold has had its technical pull back. Basel 3 has put the demand on physical.

Physical gold can be seen as a way of paying debt. Inflation erodes debt and gold ‘hedges inflation’.

Resource stocks are relatively disconnected from the commodities surge. They are at the cheapest now they have ever been.

It’s impossible to time the bottom when stock picking but now when sentiment is on its knees is imo time to buy copper and gold.

The biggest leverage for the maximum return is fully funded, autonomous small cap explorers in safe jurisdictions. That’s why I am piling into here and a few choice others that have great assets, sound corporate structure and their own uniqueness. But you gotta have the stomach for the volatility and only invest money you don’t need quickly.

https://www.mining.com/120-year-chart-shows-commodities-have-never-been-this-undervalued/

Usual caveats

Trek'

I doff my cap to the guy but he put it so well I could not help posting it here. Let's just repeat this sentence AGAIN so you get the point:

'Resource stocks are relatively disconnected from the commodities surge. They are at the cheapest now they have ever been.'

I hope that helps. BH

Burleigh, there is a lot of truth and sense in your post. Anyone who has been in these stock for a while will know that. Yesterday's RNS was exactly what was required and brings the athletes onto the tracks to limber up and get into their blocks. the race will start shortly.

Meanwhile we await the 'tailwind' of POG to come to their aid. And it could be some breeze.....

No mention of Eclipse in that great RNS... but then why would they.......

All eyes on Central Menzies which is a MUCH bigger deal. It is like Mal Da C was testing EEE with Eclipse and having seen that they don't muck about he has granted them the chance to prove up CM.

Excellent historic intercepts ( only 700m RC ) and old workings ( Eclispe old workings 950 oz / EEE modern drilling maiden JORC gives 6,700 oz just in in the shaft area ) at Central Menzies. Think what an efficient, modern drilling campaign is likely to identify at CM..... now you are talking some numbers.

This is what will blow the SP through Zak's 6p resistance and on toward 10p.

SP is a joke. very annoying if you are in already, absolute no-brainer gift if you are not.

POG hovering just below $1800. It will break back through $2000 before the end Q3. The traders need to make $$$ after all. All good for Gold explorers, though the cynic in me rolls my Fing eyes.

ATB BH

I liked your post Stanley. I think you are pretty much spot on there.

I've been considering this but holding off.... if it get's any sillier I will be following you though DV

lol.... keep wishing

Actually Stanley, I cannot disagree with that.

For whatever reason he is not. Perhaps, being a practical fellow and new in the role, he prefers the action to do the talking. Let's hope so.

Even with lab delays, its a long time since MS was talking of booking toll milling slots for eclipse. Where is the Small Mine progress?

Cleary they have limited time to work on CM so drilling MUST be announced sooner rather than later. The POG remains high even with market shenanigans of the past few (absolute tech manipulation, inflation Basel III, economy woes will make for a higher PG soon I firmly believe) so producing some Gold would not be a bad plan!

A very interesting few weeks lie ahead and the SP is so low it couldn't look and Aussie snake in the face!

Indeed Panda

Wish I was

Sigh

the earth is round Simes

Meant to add my congratulations to all CORA holders this morning…. Nice intercepts…. Mali though. Still, well done.

You are on the right track there. Very silly SP. Lots of eyes on I suspect. Some will be breaking cover early….

?

From the 1st April RNS;

Significantly, the 2020 Work Programme successfully identified a strike extension of mineralisation at the Clarke prospect, with an intersection in Hole CBRC009 of 31 metres at 3.06 g/t of gold (including 15 metres at 5.2 g/t).

The 2020 Work Programme has provided further data on the orientation and continuity of the mineralisation at Clarke and Baggy Green, leading to a new model and a revised structural interpretation. Important outcomes of this revised structural interpretation are that:

· the mineralisation is now thought likely to persist downdip to depths not previously drilled; and

· the mineralisation is now thought likely to persist along strike into areas not previously drilled or geochemically sampled.

In line with the Board's strategy to deliver incremental resource expansion, this year's work programme will focus on drilling for further strike extensions to the Clarke mineralised trend sufficient to deliver an initial Mineral Resource for this prospect, as well as drilling strike extensions of existing Mineral Resources at Baggy Green.

The Company is presently finalising a work programme which will include:

· auger geochemical sampling at Barns and White Tank to guide future drilling work;

· air-core geochemical sampling at Clarke and Baggy Green to guide drilling work;

· air-core geochemical sampling to define drilling targets at the Benaud prospect (1 km north of Barns), three iron oxide-copper-gold (IOCG) targets, and an extension of the Laker prospect in preparation for drill testing later in the year; and

· Reverse Circulation drilling at Clarke and Baggy Green.

The first stage of geochemical sampling work is expected to begin next week and further details in respect of this work programme will be announced once necessary approvals have been granted and contracts have been negotiated.

4 months and 3 days have passed... and that was no April Fool...

Tick, Tock..

Nice one smacks!

Shows we are in the right place... as if the team at EEE didn't now that already!

Scandalously over worked down.......

I see a turning of the tide.

About time really. They are going to drill the b jesus out of it in 2022. This could be the double figure period..... what fun!!!

Are you a patient fella Mike? I suspect you are....

I'm going for a mid-August bump to 2.5p area on.... NO ACTUAL NEWS

Why?
Because some naughty people pulled but they know full well that it will soon be time to hop back on and.....

'RIDE THE SNAKEEEEE KAH'...... (to the lake.... 7 mile.... the snake he loooong..) Go Jim

This next phase could and should be the big one here….. and there a so many angles. They do not all have to come home!!!! It’s a mind boggles hare in prospect. It REALLY is.

Very hard to stay calm on this. Insanely good entry point ATM

... all with cash...

Empire Metals Limited, the AIM-quoted resource exploration and development company, is pleased to announce the commencement of exploration activities covering the four exploration licences which comprise the Central Menzies Gold project ('Central Menzies' or the 'Project'), including verification of historical reverse circulation ("RC") drilling and the acquisition of airborne geophysical survey data.



Highlights:

· Central Menzies lies within a classic granite-greenstone belt, with mineralisation associated with the regional Menzies Shear Zone. Gold-bearing quartz veins occur along the contact between basalts and sediments.

· A series of structurally controlled high-grade gold deposits have been historically mined and display extensive exploration potential for high-grade extensions.

· The locality is under-explored and is directly south along strike of the 15km-long First Hit - Yunndaga line of workings which had a total metal inventory of 1.1Moz of gold.

· Historically, 777m of reverse circulation drilling has been completed at the property by the current owner, Mel Dalla-Costa, with several high-grade intercepts reported:

· MCD02: 5m @ 19.59 g/t Au from 30 metres

· MCD04: 3m @ 5.15 g/t Au from 35 metres

· MCD10: 2m @ 5.51 g/t Au from 30 metres

· MCD11: 1m @ 14.18 g/t Au from 48 metres

· Empire has purchased close-spaced airborne magnetic and radiometric data over the four exploration licences comprising the Project from Kingwest Resources Ltd which commissioned an airborne geophysical survey across the adjacent tenements in Q4 2019.



Shaun Bunn, Managing Director, said: "We have now commenced our exploration campaign for the Central Menzies Gold Project and are currently compiling a robust geological database, utilising both historical reports and the results from the recent RC drilling programme carried out by the owner of the tenements, Mel Dalla-Costa. In addition, we have also been able to purchase recent aeromagnetic and radiometric survey data from Kingwest Resources Ltd, our immediate northern neighbour, which will greatly assist us in building a detailed geophysical map of our licence area and help fast track our proposed drilling campaign.



"As previously announced, we are continuing to build momentum at our Eclipse Gold Project, where the focus now is on bringing the Eclipse resource into JORC compliance ahead of mine optimisation and planning and evaluating the resource potential at the adjacent Jack's Dream deposit. It is pleasing to note that Empire remains in a strong financial position given the recent sale of its 50% holding in Georgian Copper & Gold JSC and receipt of the cash consideration totalling US$3.3 million."

Soooooo.... JORC compliant resource at Eclipse, new intercepts at Jack's Dream and progress at Central Menzies... all will cash in the bank and POG consolidating at $1800 before....... boom

Q3 and Q4 here have a bright shiny feel

Take the opportunity ;-)