Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
What a bloke Gervaise has proven to be over the years he has held the rains. I must say everything he has said has come true. Eyes on the prize as to where he shows up next. Back to Thor, over to Ecr who knows.
Well said sir. To be a good investor a balanced view must be the golden rule. When people state just under 2 million is enough to take them to a JORC resource then my eye brows raise. He obviously doesn’t know much about exploration, step out drilling Infill drilling and the costs and quantity of drill holes required never mind cost of feasibility study etc. He does not fill me with confidence as he holds GCM shares. What a disaster they are. By the way my other averages in other stocks are GGP 0.17p SOLG 2.5p THR 0.4p etc. Having been investing in gold stocks for 15 years or more I would say I know a thing or to by now. Please exercise caution when listening to people who never state any negatives.
Sorry but I have to pull you up on two comments you stated earlier on today. 1 drill ring is no where near enough to get us to a JORC compliant resources. You will find 10 of them will be more appropriate. Secondly 1.6 million is no where near enough to prove up a resource. Plenty more fundraising will be required if they go it alone. Please don’t mislead investors who are not in the know.
* The Diamond rig lets us drill 12 months a year and is not weather dependent....and gives better quality results to progress towards JORC.
* We have c£1.6m in the bank to fund the drilling so no more fund raining is required (and we get a 42% R&D refund for this spend)
What would help all investors is if Thor would concentrate on the ragged gold prospect. To much time passes by before we see the next step. After seeing the latest stream sampling results I must admit it is looking very promising. Recent investments made by other company’s has been mainly driven by this. I wait with anticipation to see what drilling will bring.
How long is a piece of string. To prove up Havieron over at Newcrest/ggp your talking circa 50-70 million plus. It could pan (lol) in many different ways. I.e many more placing/warrants etc or maybe the better route would be a mirror of ggp where a JV happens but Thor would need to give away a large percentage. What you should be focusing on is Thor’s latest stream sampling results which look very promising. If drilling does hit mineralisation I can see us going up to at least 2-3p per share. Anything beyond that would be pure speculation based on many unknowns.
Of course there will be plenty more placing are you a fool man. Do you realise how much it takes to drill and prove up just the gold exploration at ragged never mind any other assets. Expecting a drop down to test 0.8 tomorrow which is when I’ll be swooping in for a top up.
And still is my average for that matter ain’t selling a bean of those. Not even to get into this at 0.6-0.7 when there is no news and the SP drifts. O and those shares hitting the market soon. Boom down we go son. Then in comes crazy fund to mop up.