Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Development strategy of focusing on a section of the deposit to advance into a smaller scale, revenue generative project that can be expanded on an incremental basis as future exploration significantly enlarges the resource
· Areas with the potential to become higher grade starter pits are being outlined, as highlighted by recently reported drill results that included 46m at 4.48 g/t Au and 24m at 2.83 g/t Au
· Favourable geology present at Sanankoro; with deeply weathered oxide gold zones, that are amenable to heap leach and Cyanide in Leach ("CIL"), with the potential for up to 97% gold recovery, which could enable low cost mining and processing
· Detailed definition work to commence in the near term that will result in the fast tracking of a smaller scale project, including targeting a maiden mineral resource estimate
o If warranted by results, a Scoping Study will be initiated with reporting targeted in Q4 2019, with incorporation of an incremental expansion plan that could justify a target of +100,000oz per annum
This can go from 20p to 80p very fast. Look at when it did it previously and cnr in a better position now
It's breaking out now at 25p. 35-45p is my next target and could be reached in a few days
Plus plans on early production at Sanankoro or link up with hummingbird if you look at hums latest presentation with a full slide on coras assets
Still lots of news to come. Final drill results, scoping study, maiden resource, and update on next drilling target
AGG:TSX African Gold Group announced today a further fund raising of $5M on top of a recent placement due to such high demand.
Looks like Cora are a few steps behind this company who are currently valued at $34 million. And they are looking to produce up to 100,000 ounces a year like Cora.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/359-tsx-venture/agg/66178-african-gold-group-announces-5-million-private-placement-and-provides-construction-update-on-the-new-camp.html
Hums biggest cost over the last year has been their poor management, that has cost them more than what the mining code changes will. On a good note. Gold is back over $1500
Hum is about 1.5p lower? Hardly anything. And I said based on the charts this would drop between 7.5-8p and bounce. And it did. The mining code change is not new news and has been talked about for over a year. It will not make coras assets any more or less viable. A mining code is not set out to make mining unprofitable. It's about what's fair for both mining company and community. Look at how much hum spend on the local community. Do you think that's a bad thing?
A market cap on just 8 million when this is going into early production and resource announcement soon, plus extention of gold deposit deeper than 100m means this will be beyond 2M ounces.
I doubt it. Hasn't touched other mali miners. If added over 200,000 easily today and still looking to add around 400,000 more. I Had to go to negotiated buy most times.
Bounced very hard. Now plus 6%
Added a further 2 50,000
Plus another 50,000 which hasn't showed yet
I added 75,000
216,000 buy gone through.
96,000 just gone through. A few 50,000 from yesterday too all within 30 seconds
Big trades starting to build a position here again around the 8-8.5p area. More drilling news due as well as scoping study and maiden resource.
Who knows. Will not matter once this gets into early production.
A few on nex exchange
Obviously not done buying.