RE: El Pantano - Nearby project25 Jun 2025 11:36
Seingred, yes you was right. The majors walked away and it fell to bits here. What i didn't do was change my tune and dedicate my life to trying to bring the board / company down like the other mentioned individual.
I bought all the way down and added substantially at 2p. I saw the same figures, project, fundamentals as when it got to 40p+. Now the fundamentals are much stronger, as are the commodity prices.
My view hasn't changed, I still believe £100's of million market cap can be achieved here on the strength on either Anza & El Pantano. Both in unison 100% possible.
Look at Collective, with the right financing, knowledge. Anything is possible. £700m market cap. Same jurisdiction, same region. Just a more experienced team, which serious skin in the game. If 1/4 of that is achieved here in a few years then that'll be multiples of the current share price.
Once another rig is brought in, one will stay on Pepas proving it up. With view of fast tracking extraction. The other i'd imagine will be straight on North Pepas.
El Pantano drilling should begin September at the latest.
El Cedro mapping & sampling shouldn't be too far off completion, like Rob says hopefully that is JVed off.
Of all the new land applications which we inherited from MMA, only a small amount had any sampling. I know some of this is planned to be revisited next year.
A good long term hold here for anyone with patience. All in my opinion.