RE: Mms bidding again, next buys move up price18 Mar 2026 17:59
‘PLC has a market capital around £100-£120 million right now.
We’ve got two projects in South America. We really are about South America and gold. We’re in Colombia and in Argentina. Both are about 300 square kilometres, so quite a lot of land there, and we have 100% of each project.
We’ve been particularly busy in Colombia, where we are just releasing maiden resource for one of the four prospects we’ve got on these titles that we’ve got. In Pepas, we’re going to be moving very quickly into an economic assessment, and we should be producing that in next four to five months.
And we’re moving into permitting. We’re looking at producing a small mine. It’s absolutely on the right spot. Top of the mountain, no strip ratio, very close to power, very close to the roads. At today’s price we’ve got about a $1 billion of gold in that small deposit.
To the south of there in the land mass that we have, we have the APTA prospect and that’s going to be bigger than Pepas. Now that’s going to be underground, whereas Pepas is open pit. So, the economics will be different, but given that we’re going to have more ounces, they should compensate. That could be happening in the next 12 months, so we’ve got quite a lot happening in development, if you like.’
Good find Pat. 👌🏽