RE: Twitter29 Mar 2024 08:33
Raises are going to come of course. But if it's going in the ground and we see drills then happy days. Market are not pricing in historical, world class assays for here or the thousands of metres already drilled but when assays are released to the market, the market clucks like a junky on crack (clearly when they are good).
Potential price targets are pretty insane, and by god the share price is still cheap. People were paying 40p just a few short years ago, and since then Anza is potentially more attractive. Certainly more data, more areas, more potential gold. Orosur itself is not a one trick pony anymore either.
The only thing missing is the JV? One could argue though having majors on board has been a curse rather than a blessing. As we can see, the company has a voice again, they are taking a leaf out of the Collective mining approach and I've got to say, I really really like it. I also like the approach going to be taken at Pepas, it's nimble and the promise of assays on the regular is going to be extremely exciting.
Aim needs a junior mining darling after this bear market. Orosur is primed to possibly be it. Talks were it's the next Greatland. Clearly not Australia but Mid Cauca Belt is prolific. Petro is a goner and Colombia currently far too reliant on the mining sector to cut its nose off to spite it's face.
More often than not results are good here. Deposits in this area tend to be mammoth multiple meterage 3g+. Their is some historical data that i have read which makes for interesting reading. It's all there if you research hard enough. A
The 1st set of Pepas drills were world class. Can't help it if Agnico attacked the body wrong. Something Brad said on the down low at the time. I have to add as well that although mineral resource estimate etc are not in place but there was definitely guidance/ literature saying that Anza probably had in the region of 2.7m Oz, but that was quite a long time ago and based on a lot less sampling data they had at the time.
Since then a wealth of sampling has taken place, and new areas have also been added. Pepas being one of them. I would imagine the potential would be a lot bigger now. 2.7m Oz is probably really conservative for the whole Gold District.