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I re-read the press releases on the uranium assets and some serious high grade potential here ie. 1%+ U2O3.
If drill results here are high grade this should fly along with other uranium stocks.
I reckon we will be at 2p to 3p by June if not sooner.
In terms of finding more gold ounces GGP shareholders should be hoping Artemis find gold at Apollo, because this prospect runs over into GGP ground. A win win for both parties if there is a discovery here. Apollo has a bigger footprint by the way than Havieron. Go and get the ruler out and measure it for yourselves! Do not know why GGP share price has been performing poorly the last few weeks as plenty of exploration success to come IMO!
Tungsten is a cyclical commodity so it's recovering with the global economy. Last I checked tungsten was at $240. A few months ago it was sub $200.
I'm also bullish uranium so high grade drill hits at Colorado will have some mileage with THR...
Gold we all know and love. We should get a Kapunda update soon. I'm relaxed. Why sell THR on the eve of drilling? Dunno.
I'm disappointed by today's update. Less bullish on GGP now re. exploration upside/new discoveries and I'm reallocating some of my GGP to my other Paterson plays e.g. ARV, Antipa as the other two obvious Pilbara exploration plays for 2021 where I can make 5x-10x. I'm in this to make money from new discoveries and not really interested in building a block cave underground mine by a mining company (Newcrest) that has a poor track record of failing to meet production expectations. Newcrest is not all you guys think it is... DYOR.
Good to see gold stocks are getting a good bid today generally so my other holdings doing much better then GGP which is some relief!
I've invested in GGP, ARV, AZY and THR.
I don't see Newcrest taking GGP out. They have bought 70% of Havieron for $65m. This is a great deal for Newcrest. Will they pay $2.0bn for the 25% they don't own? I seriously doubt it. So upside for me in GGP has to be brand new discoveries and I'm happy to play this.
ARV is 18 months behind GGP. A friend of mine (geologist) told me that ARV's drill core at Nimitz announced in late Dec has identical alteration to Havieron and the gold is also hosted in the carbonates (not just the sulphides) so they actually do have good targets to drill in March/April. An obvious one to play in 2021.
I also like Antipa, Rio Tinto is drilling this one out in 2021. They may also come very good in March when drilling begins. Some good targets.
I had a look at Thor Mining's Ragged Range project which a few GGP shareholders are playing. Early stage, but also super cheap. Worth a small punt in my view. Looks similar to the Calidas Resources Warrawoona gold project.
My picks for 2021 are GGP, ARV, AZY and THR. I expect one of these will be a 10 bagger, the rest if they return min. 50% min will be very happy.
GLTA
Tungsten market is starting to show signs of recovery....
https://www.metalbulletin.com/Article/3969552/Raw-materials/FOCUS-Chinese-tungsten-market-participants-eye-further-price-gains.html
Bsg - if they twin the historical hole KP001 as described in the press release my 4 year old son could probably get a similar result ie. 95m @ 3 g/t Au. Most of the chaps here know about this already, but these drill results will likely attract new punters to the Thor story which is why I think Kapunda drilling will help us current shareholders.