Member Info for DeathStranding

The buddingtonite occurence is very exciting. Could be about only 5 more years of drilling to hit something. Game on.

Surprised this price has held up. Unimpressive results in the latest announcement and no news in two months from an active program doesn't look great.

By poor results I mean nothing remotely mineable. Hardly any of the Lode Zones have gold. Maybe they'll get lucky with the next one and hit the jackpot - although the cross section shows they will hit one lode and some narrow stockwork.

Very poor results unfortunately

The problem is nobody knows what it is worth because the company has not done a study on it. The resource has had thousands of metres of infill and stepout drilling but no increase or upgrade since 2017.

CGNR have known the right technology (BIOX) to get 85% recoveries for the past 12 years. But in all that time they have yet to take the next step to a prefeasibility study. Even at record gold prices. Now they are looking for high grade and less refractory gold deeper down, to find a project that works.

Dang it that gold is still as refractory as it was in December

It's the company says it's refractory and has only published BIOX processing - maybe you should follow up with them if you think that is misleading.

That was 14 years ago and the project never reached pre-feas. Even at today's prices there is no talk of a pre-feas or development - just exploration. But good luck with everything.

Not implying or misleqding. Per the company website:

"The scoping study concluded that biological oxidation is an appropriate technology to be considered for treating the ore, as the Clontibret ore is refractory in nature; with the bulk of the gold occurring as sub-microscopic inclusions within arsenopyrite"

It's not undervalued. The gold is refractory, requires cyanide and causes As waste. Juat some reasons there has been no progress in its development for 14 years. There are hopes it changes as it gets deeper.

Interesting to see if they hit something in the current two hole program. Results in the second half of the quarter. The depth extension is completely conceptual so stakes are high.

404x Clontibret is not compatible with processing at Galantas. Good luck.

Nice AI post

The stated objective of the Demir JV was to take Clontibret to development ready status. That means an open pit. They did stepout drilling which was negative (and pre JV CGNR did infill drilling which had no impact on the resource - no increase in ounces, no classification upgrade). They drilled multiple other prospects with no material results, and Clay Lake which was too low grade. Therefore no progress with development, they walked. Far from proving nothing, they proved it is not a development project.

The current strategy is a different one - to explore a high grade underground concept. Will it yield meaninful information? Hope you are right.

Don't think the price of silver has anything to do with it - they don't have any.

Carters selling up to buy a Freddo for Christmas?

No RC here. Too wet. Too deep.

How embarrassing for carters after saying on Friday they know 100% they are not drilling - even though it said so in a public company document.

Good luck with the drilling everyone. These are big holes.

They didn't provide any of that info all the way through the Demir JV. We still don't know where they drilled. Why start now? Drilling has recommenced according to the Dec presentation - blink and you'd miss it though. They are being very cautious. They still lack leadership.