Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
(AAZ interest via CGNR)
Conroy Gold and Natural Resources
Ticker (LON: CGNR)
Shares: 32m
Share Price: 42p
Market Cap: £13.5m
Conroy Gold is a wild card that for me could well be the surprise package of 2021. Once the JV agreement with Anglo Asian Mining is completed this will immediately kick off a high impact work programme, Anglo Asian Mining have exercised their warrants and are now on the share register following the HoT.
The Joint Venture’s goal is the development of a gold mine and further exploration and development of a series of gold targets along the 40 mile district scale gold trend that Conroy Gold has discovered in the Longford-Down Massif in Ireland, the work programme is fully funded by Anglo to earn their share. Conroy indicate potential signs of similarities to Fosterville, if results of the exploration support this further then this could be a special situation.
Conroy have a JORC estimated resource of 320,000 Oz Au Indicated, 197,000 Oz Au Inferred (517,000 Oz Au) at an overall grade of 2 g/t Au which has been established on a fraction of one of the gold target areas, Clontibret. The JV includes include Clontibret and Glenish in County Monaghan, Clay Lake in County Armagh and Slieve Glah in County Cavan.
There’ll be an initial 18 month exploration phase during which infill and resource drilling will be undertaken under a tight schedule, the potential here is substantial with upwards of 8m oz of gold being banded.
You only have to look at Greatland Gold (LON:GGP) who sit on a market cap of £1.5billion to see what could happen in this space. Conroy Gold with its very experienced and credible partner could well be a surprise package this year with a high impact programme and a low share issue, hence why this is a potential special situation in my opinion.
https://www.stockopedia.com/content/3-gold-stocks-to-watch-in-2021-733054/
Empire Metals (LON: EEE)
Anglo Asian Mining (LON: AAZ)
Conroy Gold and Natural Resources (LON: CGNR)
https://www.stockopedia.com/content/3-gold-stocks-to-watch-in-2021-733054/
3 Gold Stocks to Watch in 2021
Empire Metals (LON: EEE)
Anglo Asian Mining (LON: AAZ)
Conroy Gold and Natural Resources (LON: CGNR)
https://www.stockopedia.com/content/3-gold-stocks-to-watch-in-2021-733054/
3 Gold Stocks to Watch in 2021
Empire Metals (LON: EEE)
Anglo Asian Mining (LON: AAZ)
Conroy Gold and Natural Resources (LON: CGNR)
https://www.stockopedia.com/content/3-gold-stocks-to-watch-in-2021-733054/
I think one of the hottest for 2021 will be Conroy
The biggest gains can come at the exploration and proving up resource stage. It doesn't get much bigger, a potential target of 8.8m oz for the JV with AAZ, intense programme and all focused towards first production. Only 32m shares here and a big chunk tightly held.
Gold is edging towards being back in the $1900 and has been correcting and consolidating nicely since early August.
Gold is winding up to set new all-time high record prices in 2021
Expecting a big year for Conroy Gold
Gold is edging towards being back in the $1900 and has been correcting and consolidating nicely since early August.
Gold is winding up to set new all-time high record prices in 2021
Expecting a big year for Anglo Asian Mining
Anglo Asian Mining tipped over the weekend as one to watch in 2021.
“Five Aim stocks with plenty of potential for 2021”
https://moneyweek.com/investments/stocks-and-shares/share-tips/602522/five-aim-stocks-with-plenty-of-potential-for-2021
Article shared courtesy of @BrilliantLeader, lets see if there is an unexpected and unplanned uplift to the sp from this in 2021.
The Kalbajar region of Azerbaijan, liberated on November 25 from 27 years of Armenian occupation, has enormous economic potential, since there are many ore deposits on its territory.In this article, we will pay attention to the deposit of precious metals - Soyudlu (in the Armenian name Zod or Sot) with about 112 tons of gold in this zone, and the gold content in the ore is very high - 7, 3 grams per tonne is one of the highest in the South Caucasus region (Anglo Asian Mining - AAM estimate).
https://www.turan.az/ext/news/2020/11/free/analytics/en/130362.htm
The fundamentals will prevail here, $100m this year is amazing taking all into account.
Gold hit $1907 this session before easing to $1884 now, its trending back up, huge profit margin and plenty of upside next year.
Gold rallying, Anglo Asian Mining is just the wrong price with gold outlook and production and likely resource potential and Dividend yeild likely c.10% in 2021 if a special is included in Q1.
As a high margin gold producer Pan African are very well placed here.
No shortage of RNS flow with Altus with its 20 project interests.
The big results to drop will be the drill currently underway, which is a 10,000m programme by Altus its 100% owned Diba gold project located close to Lakanfla and the world famous Sadiola gold mine.
Steven Poulton, Chief Executive of Altus, commented:
"Few companies provide as much exposure to the 'drill bit' and discovery upside for their shareholders as we currently do at Altus. We have recently announced almost 20,000m of drilling across three separate gold projects, being undertaken almost simultaneously. The commencement of this 6,300m programme at Tabakorole in southern Mali, by our JV partner Marvel Gold, follows the recent completion of an initial 3,880m JV-funded programme at Lakanfla in western Mali and the commencement of a 10,000m programme by Altus at our 100% owned Diba gold project located close to Lakanfla and the world famous Sadiola gold mine.
This programme at Tabakorole is designed to test the potential strike extension of the deposit as well as infill the current MRE. We look forward to updating shareholders on progress from Tabakorole as results are received."
https://www.londonstockexchange.com/news-article/ALS/drilling-programme-tabakorole-gold-project-mali/14776880
6,300m Drilling Programme Underway at Tabakorole Gold Project, Southern Mali
https://www.londonstockexchange.com/news-article/ALS/drilling-programme-tabakorole-gold-project-mali/14776880
Pan African Resources goes Ex Dividend tomorrow, paying 0.68857p, with a cash payment into account 15-Dec-20?.
Substantial increase on the dividend amount last year.
Pan African are well placed to capitalise on a high gold price, operating a high margin, long mine life gold producer with assets in two of the world’s renowned gold provinces, in South Africa.
Pan African is a good one for 2021 with a high gold price, production target 190,000oz to June 2021
FY20 Financial Performance:
Production up 4% to 179,457oz
Revenue up 25.9% $274m (2019 $217m)
Net debt down 51.9% to $62m (2019 $129m)
EBITDA profit up 52.3% to $87m (2019 $57m)
Anglo Asian reported that they are set to produce between 68,000 and 72,000 ounces of gold equivalent this year and are still on track to achieve sales of over US$100mln this year to December.
This is quite amazing taking into account the coronavirus and a regional war which is now thankfully over.
Next year should be a big one for AAZ, with a year of full production, three dividend payments which should be around 10%, and I would imagine a good constant flow of news from the Irish JV with Conroy Gold. This JV is sure to be high impact and high profile exploration, the target here is potentially substantial, with Anglo having considerable potential upside in terms of percentage for a modest outflow during this stage.
Coming into play and very much not factored in will be the Vejnaly PSA and once the government of Azerbaijan give the ok to start the current PSA goes back to year zero, with the right to explore the contract area for up to five years and then develop and produce for 15 years with two five-year extensions allowed. The contract area covers approximately 300 square kilometres and contains the Vejnaly deposit which contains 6.5 tonnes of gold in the C1 and C2 categories.
Also next year a major development could be relating to the proactive interview where Bill Morgan stated a bit of non public news that they are in discussion and negotiation with the President of Azerbaijan over a new concession linking the Gosha and Gedabek assets, this is 50km, this would be major news, with the infrastructure and low cost production.?
Come January and the Biden administration takes over, the emphasis will be on tackling covid and economic recovery, with a substantial the amount of economic stimulus most likely and not only in the US, we have seen last week the UK spending review and this will be replicated across Europe. 2021 should be a good one for gold and especially AAZ who are debt free and one of the lowest cost producers on the London Stock Exchange and in the lowest quartile, the free cash generation is substantial.
Altus Strategies* (ALS LN) – BUY Says House Broker; SP Angel , 132p – MD&A highlights progress at Diba among other accomplishments in Q3/20
Credit: @MY21_Oracle
Altus Strategies
Ticker (LON: ALS)
Shares: 70m
Market Cap: £42
Altus Strategies have built a portfolio of 20 projects and royalties in key mining jurisdictions and currently has a high impact 10,000m RC drilling programme underway at the Diba gold project in western Mali.
Diba is strategically located in a world famous gold belt that hosts numerous open pit mines.
Altus Strategies has interest in 20 projects, the figures for just the oxide portion of the Diba gold project is more than twice the market cap with a NPV of $107m at 10% discount rate and US$1,500/oz gold price, with payback of 6.1 months; after-tax IRR is 715%.
The CEO of Altus Strategies recently topped on the open market up to 8%, BOD hold over 20%, major institutional holders including, La Mancha, Sprott, Delphi, over 76% shares tightly held.
Altus Strategies currently has a high impact 10,000m RC drilling programme underway at the Diba gold project in western Mali.
Diba is strategically located in a world famous gold belt that hosts numerous open pit mines.
?With 20 project interests no shortage of news flow, 2 today.
Altus Completes Gold Royalty & Equity Deal in Ivory Coast
https://www.londonstockexchange.com/news-article/ALS/ivory-coast-gold-royalty-and-equity-deal-completed/14772467?
Steven Poulton, Chief Executive of Altus, commented:
"The quarter ending 30 September 2020 has proven to be another successful and incredibly active one for Altus. We were delighted to publish a mineral resource estimate on our 100% owned Diba gold project in Western Mali which, post-period, has seen a 32% increase in after-tax NPV to US$107 million based on a 10% discount rate and conservative US$1,500/oz gold price. Following this news, we recently announced the commencement of a 10,000m RC drilling programme at the project. This progress is testament to the brilliant work of our team and we look forward to realising the considerable potential that we believe exists at this asset.
"In addition, our Malian field team have supported the drilling programmes on the Tabakorole and Lakanfla gold projects, each being advanced by our ASX-listed JV partner Marvel Gold. Meanwhile our field team in Cameroon is undertaking a significant 5,000m trenching and sampling programme at the Laboum gold project.
"In line with our strategy, we continue to review a number of potential royalty, project and company acquisitions which, if completed, will continue to expand the Company's royalty pipeline and potential to generate near term cashflow. Having noted a significant increase in the number of approaches from groups seeking potential transactions with Altus, we expect this work to lead to additional deal flow and income for Altus throughout the course of 2020 and 2021.
"We look forward to updating the market with the results from our current field programmes and numerous other project and royalty initiatives."
https://www.londonstockexchange.com/news-article/ALS/quarterly-results-financial-statements/14771286