Member Info for DrRemington

Wolfy, do you genuinely believe we'll see sub 10p again, when we've just seen 10% of the company snapped up at 10.4p by Institutions including one of the most successful resource investors ever, the legendary billionaire Eric Sprott?

Seingred, CNR was gone in January 2025. Zero relevance here.

What sort of comparison is a company:

Got sold, no one except you is talking about Pepas getting sold.

Was actually for sale from November 2022, took over two years to actually sell.

Sold when the gold price was 25% lower.

In a total different country / jurisdiction with only a handful of gold mines.

Is looking like a quarter to half the average grade of what Pepas is.

Move on mate.

I never stated 3g/t as high grade. It is fairly obvious they had Pepas at around 4.5g/t as it was on the research note which is now on the official website.

(This was prior to two of the best intercepts to date 62m @ 12.76g/t & 104 @ 6.62g/t)

2.4m oz with a sale price of £67.5m is £28 per oz in ground. Or $38.

The deal was concluded beginning of December 2024.

Gold price was $2600.

Gold price now $3300. 25% higher.

They could have likely got nearer $50 an oz in today market.

The 1.2m oz open pit averaging 3g/t? The rest underground mine?

Shanta gold sale mid 2024… Gold price: $2300. Now almost 50% higher.

Centamin sale .. Nov 2024. Gold price $2600.

In my opinion, if the gold price has gone up massively then the ounce in ground will also increase.

But I’ll say it again, theirs only you here talking about a sale of Pepas. Even the board have shunned it on recent webinars. So why keep bringing it up.

Why even mention $10 ounce in the ground on the board of a company what is hitting some of the best grades on the planet from surface…When gold is at record highs..

Seingred you keep mentioning prices as low as $10 per oz in the ground. Please tell us what your favourite company on planet earth which you mention here constantly CNR got per oz?

We could see OMI as a producer by default due to the nature of the beast discovery at Pepas, whilst still undertaking a high level of exploration on other areas of Anza and El Pantano.

Should they strike the feeder zone for Pepas then one wonders if they’ll carry on towards fast track production or weather they’ll go gung ho Collective style turning Pepas into a monster.

Yeah, Shanta SOLD for £150m….. Pepas has no plans going forward for it to be sold.

As PP says, lassonde curve, early exploration are when the market caps can get way of themselves GGP reached £1.6b which is almost what it is now after acquiring Telfer.

Producing companies are usually easier to value by the market.

Exploration is usually judged on potential. And here there is a hell of a lot of that. Pepas, Apta, El Cedro, La Virginceta to name a few at Anza.

Then there’s El Pantano.

The lithium price is even starting to recover now, it could be back in a good position come the time exploration fires up in Nigeria.

It’s obvious here that a fair few Instis and knowledgable characters see this as having huge potential. If Eric Sprott taking a position is true, at 10.40p then it can only be deemed in a positive light at the current market cap. They’ll want bags returns.

Currently being bags up already is an excellent position to sit in, especially if your sat on a large holding.

A bag for Mr Sprott will be five bags for me. All good.

So now you are adamant it’s getting sold?

Who cares about a sale price. Thats far from the intention here.

The facts here are that there’s £1billion+ sat in the ground from surface to a depth of 90m in an area 150m x 200m, in a hillside, with power lines almost overhead and near to the main Cauca highway.

Well collective mining have a £700m valuation with zero MRE in the exact same region, the exact same jurisdiction…..

Good spot Karl.

It’s common knowledge here that Brad has specifically said there’s no real comparisons to Pepas currently.

Trying to compare a 1g/t at 100m - 200m to high grade 5g/t at surface seems bonkers.

The amount of tonnage to get to the ore that requires moving first off in comparison to literally getting the gold out at surface in a hillside.

Then there’s the fact there’s 5x more gold in every tonne…. 5x more value every tonne.

Alturas has taken 130k metres of drilling.

Pepas will deliver an initial MRE in… Less than 10k metres…

Welcome aboard Eric Sprott!

Seingred, id say 400k at 5g/t from surface to 90m is more valuable than 3m oz @ 1g/t at 100m-200m myself?

It comes down to commercial viability.

My opinion anyhow.

Yes ID, there’s still no TR1 been seen just yet. Which is odd being that 10% of the company recently changed hands.

That can only point to whoever it is still buying, in my opinion.

There’s not going to be a couple more weeks before an RNS though is there.

The last one took less than 3 weeks… It’s been 2 weeks today..

It could come any day, the previous two have been a Tuesday and a Thursday.

And that’s just Pepas drilling…

It’s mostly buys what’s going through to be fair.

What about this, I sold my 5p average GGP shares at 30p-32p. Say 31p for arguments sake, then bought my OMI 4p average shares with the funds… Is my average then lower than 4p?

Gday Darren, yeah I hold a small amount over there. I’ve been monitoring the situation since they began to rise. They had a good RNS today, I hope you do well there aswell as here.

A good finish to the week. A small ish volume day but good to see 3 more large buys totalling 400k.

3m in buys over 100k this week, I expect we’ll see a TR1 at some point once they’ve finished accumulating.

Weirdly I can sell over 600k now they’ve dropped it.

Fun and games

Dropped to accommodate a few large buys.

It’s better to be silent than a fool comes to mind!

And then 400k worth of buys drop in…. Spoke too soon.

The grade and width are guaranteed here, I wonder if we’ll sell any surpass the 800G-M mark.

The 12.76g/t wasn’t far off. 795G-M

What’s guaranteed with the infill drilling is high publicity due to the intercepts appearing on the top monthly / weekly / yearly AU charts.

I agree we’ll get news on some sort of front next week.

L2 is looking strong. Not much left below 15p to be fair.

Excellent intercept, from shallow depth. The share price looking really strong. All the best.

Hopefully a lot of it is the warrants getting cleared. But the main factor is lots of large trades going through and the share price holding up nicely.

Big buy orders hoovering them up around this price in my opinion, hence why we’re sticking around here.

Another good day in the bag.

After yesterday and the back to back meeting up until Beavercreek then we can all assume more Instis coming aboard.