Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Big 500,000 buy on nex exchange this morning
Gold price steaming ahead to $1457
https://mobile.twitter.com/cora_gold/status/1156516891944464384
Good place to see management showcasing progress
https://mobile.twitter.com/cora_gold/status/1155756649904267264
Hummingbird Resources 18.41%
Lord Farmer 13.16%
Key Venture Holdings limited 11.23%
Brookstone Business inc 9.99%
Capital Drilling Limited 8.59%
Management and Directors 15.65%
Less than 25% in free float
The 68248 is my top up
Going to be a huge resource. So many targets when you look at today's news plus coras presentation.
And the 1-2M ounces was just to 100m depth. Now they have discovered another gold zone deeper than that which will open it up above 2M ounces. Plus the new permit area on top to be explored.
Medds they are targeting early production by advancing starter pits on a smaller scale say 30-40k ounces per year and increase production gradually to 100k. Management want early cash flow. They have previously mentioned processing at someone's else's plant, one being hummingbird the other being a mine in its late stage of production with spare capacity. That's why they are finishing the leaching on metallurgical testing to guide them on the best way forward. They have the right investors on board to advance this already. One being Red kite mine financing.
That's resistance until it breaks. Then it becomes support
Another permit close to Hummingbirds mine awarded to cora. Very positive
We are at the top of the trading range in this bottoming process. Once 6p is broken it will go into 10p resistance
It's because so few shares on offer so the ask is high. Real bid price is 4.75 so that may rise with one or two more buys
Just added another 30,000 shares. Had to go to negotiated trade though so not many shares on offer
I'm the same, want around 1 million shares before drilling starts
Gold on the rise again after dovish fed comments. Buys coming in on cora too. Let's smash 5p
Start of Exploration Activities in Colombia
"Exploration activities at the Anzá project have been initiated within the scope of the Exploration Agreement with Venture Option with Newmont Colombia SAS, a subsidiary of Newmont Goldcorp (�Newmont�). The Company has already relogged 2,400 metres of the drill core from an area north of APTA. This is the area where a new broad zone of gold mineralization covering a continuous strike of 450m was discovered by Orosur during the 2018 drilling campaign. Geophysical and geochemical reinterpretation is now planned at the Anzá project. The objective of this initial activity, which requires no field work, is to update the geological model, in conjunction with Newmont."
Newmont have already relogged 2400 metres. This is all going to help them determine where best to drill. It's coming.