Member Info for breaktwister

Credit_limit, a few shovels, truck to nearby toll mill = $500m profit. Mcap $30m. LOL!

Just to follow up on my earlier post, I rewatched the interview and note that Brad said that the plan was always to do 3 drill holes in P.North and then send for multi-chem analysis.

"Geologically very positive. Shows we are still in the system, a very large system. We now need to understand the different parts of the system. This is the first time we have stepped outside of the main Pepas deposit. These new drills at P.North need to be sent away for multi-chem analysis for pathfinding and vectoring to be reviewed alongwide the aeromag. Will take a few weeks."

I plan to hold as I am a stubborn mf, but I don't like as much as I did before.

Many juniors are well off their lows now, the best are pushing new highs or at least new 52 week highs. The silver juniors, the most volatile and beaten down of all have been moving towards lift-off. I have a portfolio of junior mining stocks, and my top pick was/is Orosur. But we are down 50% from recent highs and that is a bitter pill to swallow when the sector is taking off. I am gutted tbh.

I cannot shake the fact that something is not right about Pepas North especially the aeromag. Brad says "not price sensitive" but I don't see how that could be the case. Are we expected to believe that big funds like Dynamic with many millions on the line are not going to be on the phone saying "send us the a/mag"?

They must be working a large buy order. F them, I took a 50k top up.

NT to buy anything under 50,000 at IG. 50,000 to 100,000 they will sell way over ask 8.15. MMs are f'ing about imo.

This selloff is way overdone. The high grade isn't going anywhere and will be extracted as quickly as possible. A lot of upside potential in further exploration.

DrR, regarding the aeromag, there is something odd there that it is not shared. Other juniors release these aeromags, for example a tiddler I have a small holding in posted a full RNS on their aeromag recently, example here: https://ceo.ca/@thenewswire/golden-rapture-mining-identifies-strong-linear-anomalies

So the fact that Orosur is keeping theirs in their pocket means that it is either excellent (as you suggest), or terrible.

I don't see how there would be another RNS on Monday. I think they made a mistake mixing up the fairly decent news from Pepas main regarding southernly small step out with poor result from Pepas North. Why would they hang themselves with those two P.North holes? Surely the better strategy would have been to have 5-6 P.North targets and if they miss on the first two you just say "we are awaiting results from the small initial drill campaign". Nobody is forcing them to release hole-by-hole results especially in a new area.

The more I think about it, the dumber it is, which worries me a LOT.

Adam, that is a good question for the webinar next week. My laypersons view is that, given we have had success with PEP35 to the south (a great hole imo showing the south open for further stepout drilling), Brad's view is that there is N/S controlling structure which makes a lot of sense when you look at the zoomed out map of other projects to the North and South of Anza.

"Both (Pepas North holes) also intersected numerous structurally complex zones, with some indication of having been drilled sub-parallel to the controlling strike."

So they missed the high grade with the first attempt. Let's see what 38 returns. The key question, is there a continuation of high grade strike running North and South of the main Pepas deposit? Even if not, mcap here should be double for Pepas alone, never mind the potential at Apta, El Cedro and El Pantano.

A number of folks agree that the main Pepas deposit has at least 250,000oz. I believe Ageos came up with this estimate orginally. Requiring very little capex to extract. At $3k per oz that is $750m of gold (very rough calcs here ofc).

From canadian forum Kilcona writes: "Would love to see the team apply for a bulk sampling permit. Do like a 50,000 ton sample. See what grade you can get. At 5ish g/t you should get 8,000 ounces plus minus after recoveries. Thats worth $26M.

I doubt a bulk sample of that size would cost more than $4-$5m and that might be high. Dont really have road building, equipment rental or toll milling data to work from. Who needs fundraising when your bulk sample can fund activities!"

I am looking forward to the webinar - a plan to monetize Pepas would seem to be a high priority as that would remove the weight on the share price from risk of further dilution/warrants. We should not be raising when we have $750m gold sitting there that can be extracted with picks and shovels.

no, off with you naphman, i won't let this one lie you cheeky *******, the hole you listed in attempt to throw abuse at me is from pepas not pepas north. dumb ******* you are.

Pepas North world class holes? Ok bud 👍

Not the banger holes one would have liked from Pepas North but there is something there "This is potentially suggestive that these holes may be marginal to a more mineralised system. Both also intersected numerous structurally complex zones, with some indication of having been drilled sub-parallel to the controlling strike."

The main Pepas deposit is looking better each time. Still undervalued but the market seems to want T1 results from every drillhole while company mcap is the same as a bag of crisps.

Brutal sell-off for no reason these past two weeks. Very odd and I have to say suspicious as the gold price has held up well and there has been no sector wide sell-off, juniors included. I would have preferred to stay in the bull pennant but one could argue this is just a shakeout of weak holders to make a launchpad - a very similar structure to the Sep'2020 selloff from 8.5p to 5p before a rocket-launch to 45p over 3 weeks.

I don't like big drops such as today when news is due. Rumours of a JV too which is suspicious, where did that rumour come from and can anyone elaborate? The old telegram group isnt still going is it?

Can anyone alleviate my concern around the hugely delayed Pepas North aeromag data? I recall Brad saying "10 days" many weeks ago.

Is it hopium to think that the results were so good that they decided to keep the data in pocket until they proceeded with drilling?

Could have been the MMs using an obvious seller of around 500m today to try for a further shake down. I see buyers came in under 9.5 with only a handful of small sells 10,12,14 shares at 9.2. Let's see what the Canadian's do although it has been very low volume there recently.

Legal, all charts differ slightly, mine on IG has us ticking down today to match the 9p low of March 13th, which makes it a flat bottom decending triangle if we were to close at that level. I only work on daily, or weekly closes, I ignore intraday wicks. Hopefully that is the low and we bounce off and back into the bullish continuation pennant.

I don't like this price movement today, from a technial perspective there are critical points on every chart where either a bullish pattern holds or flips to bearish. This breakdown below 10p, if it does not recover today, turns the bullish continuation pennant into a bearish decending triangle on the daily chart. If using the weekly, that gives us tomorrow also to recover 10p, and hopefully leave a rejection wick to the downside.