Member Info for breaktwister

A lot of the small/mid producers went absolutely ballistic today in Canada. Some explorers bid up too. No such joy for Orosur but it is coming.

Can you elaborate on the rumour? Credibility? If true, I have mixed feelings about it, the obvious target would be El Cedro but we know nothing about it and don't even have a plan to drill it. It would be nice to put a few holes in it as if they hit something a JV could be done on much better terms. Another possibility could be Newmont wanting to progress El Pantano. That would be very nice imo. I would be in shock if there was any plan to JV Pepas, that would be bad imo.

DrR, at what price does Brad get those stock options released?

Another good day for gold, certainly does not look like collapsing as many bears have argued. Junior sector looks strong although Orosur very quiet both in London and Canada.

They must not be releasing the areomag survey until they have something else to go with it. That could be good (don't want to draw attention to nuggets of gold at surface) or bad (patchy, poor results). I don't know. What I do know is that Brad must have a handful of targets at Pepas North and if he doesn't hit big with the first couple he will move until he does. Could be big news any day now.

Adam, 200k at $1k per ounce profit? How much do you think a few shovels/digger/scoop and sifting machine costs? The profit per ounce for such high-grade from surface will be closer to $2500 at gold prices of $3300, that changes the maths significantly. AGEOS estimated back in Feb 250k ounces in the Pepas 1 basin. Let's see if drill 33 opens that to the SE.

At current gold prices that is $825m of gold in the Pepas basin zone which should be very cheap to extract. My estimate is $2500 profit (at current gold prices) = $625m PROFIT. These numbers include nothing for Pepas North, Apta, El Cedro or El Pantano.

It is clear, and Brad confirmed this in recent interview, that Pepas will not be sold or JVed as "gold in the ground" for anyone else to extract. This type of high-grade from surface is extremely rare, I seen an article which I may have posted here previously that it is a top 5 open pit mine in the world (based on grade, not overall volume).

So whoever was dumping shares on the recent RNS was a trader, not a decision-maker of medium or longterm value.

AG, that 92@1.68gt didn't tell us anything new as it was within the known high grade Pepas basin. After waiting for 4-5 weeks for news, the disappointment was in the NW step out which was a very low grade continuation. Kilcona has said on the ceo baord that the fact there was mineralisation there at all is very positive as it leads to North Pepas where of course some amazing samples have been takken. "Pockets of high and low grade in the whole area".

In addition, I think MMs are playing their usual games today, it looks like a 160k share buy on market open @ 10.90p but they have still dropped us another 5%. That is roughly 25% down in 3 days. That is way overdone imo and represents market nerves at a less than stellar step-out.

Furthermore, if the preliminary aeromag results are not for release to the market, what is stopping Brad and Louis from buying shares? Immediately on news release would have helped a lot to stem the market disappointment. It seems they don't care that investors can 20%+ in two days and is a red flag that these guys do not ever buy any. There is always an excuse for not buying.

The market has spoken, close to 20% drop in two days is not good, in the middle of a raging gold bull. This places a lot of pressure on Orosur to produce some good news for the next update, from anywhere, Pepas North or El Cedro. I am hoping that the institutional interest will put a floor under the price and we wont see it drift down 3-5% per day like it did in recent years. They surely see this dip as a bargain to add - very nice entry for those that have been watching.

Agree Snake. I do not see why these holes took so long to release, the Medellin lab turnaround is only a few days. Maybe the share price drop would not have been so severe if these had been put out 2-3 weeks ago while gold was ripping. Not blaming the Orosur team ofc, they cannot control what is happening with the gold price.

I think this lacklustre RNS makes it even more important that they can report high grade drill results at Pepas North where they have some excellent surface samples: Channel sampling at North Pepas expands high grade anomalous zone, best surface sample of 27.23 g/t Au.

However, "Drilling to commence soon" does not fill me with a sense of urgency. I wonder when they can start, and how many holes they are planning to do for the first round?

Is the low grade material to the NW even minable? One would think that it would require a completely different setup to mine such low grade. I note Kilcona is saying that this whole to the North looks like it is mineralised, some low grade with pockets of high grade (as evidenced by sampling also). As such, continuation of mineralisation to the NW, although low grade, must be seen as an overall positive.

I am surprised they didn't step out further to the SE. I see hole 33 is testing that somewhat.

Still all to play for here and a nice entry opportunity for those watching.

What happened to it? I thought they said 10 days, that was 4 weeks ago. We are due a major update. Anything positive at gold $3500 will see us fly.

Sorry for offtopic but HOC has been on such a rip I hope I have not made a mistake in rotating into OMI. I am shocked that Orosur is still under 13p in this environment.

I have rotated profits from HOC and FRES into Orosur over recent weeks. They have continued to move higher but I am confident I have made the right allocation in the medium/long term. Market is waiting for news here and it is overdue.

How it is possible that many juniors are still priced like gold is $1000? I have to kep buying as gold moves up and Orosur share price just sits.

Back to stupid spreads 12-13p. Obvious this is about to breakout.

It has been a full month since the last exploration update "opening new fronts at Anza". They need to put something out, anything, to capitalise on recent gold strength.

I cant believe they brought this to 11-11.50. I topped up. My strategy is to always buy dips here, selling other miners to do so on stupidity like 6% down on gold strength.

I wonder when the aeromag of Pepa 2 will be shared?

The market still thinks HOC is a silver only producer lol! silver is down and silver miners are being hit but GSR is super-stretched at 96 and most importantly gold, which is the majority of HOC revenue at these prices, is looking super-strong holding above $3100. Silly discount today by Mr Market - I add.

Markets are a bloodbath today yet somebody is scooping up a lot of Orosur stock.

Silver Santa, well known junior stock picker with 12k followers on X has said Orosur is now his number one pick and written a thread on it.

https://x.com/Silver__Santa/status/1907494120290918857?t=oknUtXHrfDmETPDdbcezOw&s=19