Member Info for Coyote2020

Had a refresh myself on the terms agreed for both Racecourse deposit EL5574 and the adjacent exploration licences EL8305, EL8306 and EL8585.
>2mt (contained) CuEq or a decision to mine triggers the AA buy-back for 80% at fair market value as determined by an independent expert in accordance with the JORC and Valmin Code. Thereafter funding 80/20 split or Xtract to dilute retaining a 0.75% NSR.
Should AA not exercise, 100% to Xtract with AA retaining 3.5% NSR + A$7.5m payment to others.
For the adjacent licences Xtract own 100% with AA retaining a 1.5% NSR. However, should Xtract decide to sell the terms are, up to A$100,000 no charge. >A$100,000 AA require 50% of the excess for each licence.

2.42 g/t Au + 542 g/t Ag + 5% Pb.
Posted earlier, equates to US$650/t rock (using $1827 oz Au, $23.25 oz Ag, $2375/t Pb).
Taking the higher grade section from the same intersection of;
6.3 g/t Au + 1188 g/t + 13.5% Pb + 0.14% Cu, equates to almost US$1600/t rock.
The mining/processing all-in costs for copper on this project are around US$5/t rock.
An extraordinary change of events.

The final terms and conditions are at this time anyone's guess but what has 'widened the goal posts' (imo) so to speak here is GOLD.
Originally a copper play based around the future for ev's, power generation, infrastructure, renewables and the rest we now also have Gold. Not just a minor credit and therefore additional revenue grouped alongside the other metals but of significant grades and intersections to influence the dynamics of this investment case.
Asiamet has now become of greater interest to Banks and the Institutions. Gold is not an industrial metal, it is a store of wealth. The Company now has in effect it's own 'built-in' hedge.

All speculation. DYOR.

What's the rush?
More drilling underway, more drill results pending, intersections are getting even better as we move towards the south and east. Let it run I say,ready for an improved position when the deal completes.

Correction - equates.

2.42 g/t Au + 542 g/t Ag + 5% Pb
At todays prices this euates to US$650/t dirt.
Six times the value or thereabouts for copper alone.

Through the polymetallic zone and into what was the copper zone and come up with...

76.5m @ 1.86 g/t Au + 108 g/t Ag 55m @ 4.22 g/t Au + 468 g/t Ag 29m @ 4.59 g/t Au + 161 g/t Ag

If this isn't exceptional............

Certainly an interesting strategy. Sell your shares today for 5p with the intention of buying them back on the day of a raise along all the other like minded buyers!

Seedy Toe will rapidly become extinct with the amount of copper (sulphate) on offer here!

The green revolution, electrification and renewables, are these reflected in today's asset valuations? No.
Are they likely to be? Sometime.
An added complication should you be in the explorer/developer/producer space. What is the best deal for all parties concerned and how do you achieve that aim. Should you sell out early and not receive full value or hold your nerve for better times or some combination in-between. A recent feature article from an investor website suggests the skill set required here is more akin to Poker playing. They have a point.
Jakarta is sinking. The Indonesian Government plans to re-locate their capital city, new name Wagara Rimba Nusa on the east coast of Kalimantan. Not the full works to begin with, only Government and administration buildings, infrastruture and industrials. These figures are out of date but the US$33bn allocated to this project, US$19bn is set aside for Petrochemicals/LPG and mineral processing to include all metals not only nickel and aluminium. The KSK licences are centrally located on the island and the only copper prospect.
Delta Dunia and Buma it's subsidiary are a established, proven player in the Mining Services sector and together with their financial acumen make an ideal partner for Asiamet. However, they are in coal, their current contracts expire in 2025 and are therefore looking to diversify.
Should there be any countenance in the Poker Player analogy, then Delta's high flush is a good hand but TM has four aces, Location, Commodity, Availability and Juncture.

All speculation. Dyor.

Error. Last post.
Third sentence should be - Explorers plan the season ahead........
A generalisation not specific to Oriole.

Already had the placing for this year (oversubscribed for £1.75m) on the 20th September. Previous raising was in October'20. They plan the season ahead, get the money then off they go. All the on-site start-up costs were in last years budget, so this year is a repeat of last year with facilities/personnel/equipment already in place only the drill rig operator to fly in and therefore cheaper. All positive imo and probably why TL mentioned it.
While on the subject of positives and negatives, Capital Drilling, a top flight company who supply the rig, leave the rig on site or near-by during the rainy season thereby saving Oriole the cost of transport to and from wherever. Is this an indicator that CD are n't interested in revenue for this machine for 4 months of the year or is it an indicator and 'foot in the door' maybe, for what's to come and not only from Oriole?

How do you value Senala at this time, how do you put a price on the increasing intrinsic value generated with this particular situation?
Once Boto is built and in operation Oriole and IamG will be in a very similar position to Greatland and Newcrest. A major with processing facilities earning-in to a junior's prospecting licence located within a reasonable distance of the plant.
The intrinsic value referred to is the economic advantage and synergies created by this arrangement.
So what's a primary benefit to Oriole, it's shareholders and to IamG?
Greatland has an ultra low AISC. No plant to build and some of the operating cost's mitigated elsewhere. This leaves a considerably enhanced profit margin and scope therefore to redistribute the risk.
This could mean the value attributed to ounces (in the ground) is n't $10, 20 or even $30/oz but more likely $100+/oz.
With only a MRE (inferred) calculated over a short section of the total strike length, what price can be put on Senala? - Pass.
For those who need 3-5m oz before they will invest to get the multiple, well with this scenario you don't as the multiple is already in the intrinsic value.

All speculation. Dyor.

If this zone is transitioning more towards gold and silver then Steven Hughes would be saying $100 dirt is now $350 dirt.

Truckable? How far is it from Havieron to Telfer?

IamG want the ground/licences for sure even if it's only as back-up future supply for Boto. May have done enough at Madina Bafe as a guide for what's there, so back to Fare where the main value (imo) lies. Work out the potential for a stand alone mine as believed and therefore a more informed decision come February. BAYTILAYE looks useful as another satellite pit, either to support Fare (potentially) or Boto. All speculation of course.

Great news, good move by IamG.
Poor ground conditions at Madina Bafe, lets put this years remaining budget to better use at Fare.
Three fence lines, one to extend the strike length to the NE, two to join-up North, South and Far South possibly.
The prospect will be more clearly defined when Part 2 (70%) funding is determined in February.

Are they saying the copper zone below the polymetalic at BKZ is changing to gold (29m @ 4.59 g/t) when moving towards the east?

Don't know if their concerns (Boardroom level) and Essakane would filter down to the Exploration Division or to what extent or impact it may have, but my guess is their geologists can't wait to get back to Senala and Fare in particular.
6 km of gold occurrence (strike length) with first pass results,
35m @ 3.61 g/t from 59m including 18m @ 6.46 g/t,
14m @ 2.09 g/t from 4m including 7m @ 3.58 g/t,
70m @ 1.46 g/t from 1m including 31m @ 2.72 g/t.
Oriole kindly provided IamG with a maiden resource (155k oz @ 1.26 g/t Au) estimate just for Fare South (2.2 km) exclusive of Fare Far South and Fare North.
The mining process does take time. Add in Covid-19 over the past eighteen months with still more to come maybe, and you probably have your answer.

Could be to do with the problems their having in Burkina Faso. Worker convoys attacked twice in the last couple of months, security guard injured, operations temporarily suspended at their flagship Essakane mine (400k oz p/a) and main revenue earner.