Member Info for Fergalcat

Its in black and white and shows more potential.

Not just a mongrel cat 😺

"in mid 2010 Glukstein Silverspoon estimated the resource potential of the Tesoro Gold Project at 5 million ounces, and included the C1 Vein at 2.519 million ounces of gold, at a very high grade of 29 grams per ton, which is triple the grade of many economic underground mines. Their price target on the stock was $2.70 and covered all of the Peruvian and Canadian assets. Since this report was issued the price of gold has appreciated from US$1,225 to $1,435 per ounce. Barrick Gold literally sits on the sideline and drilling results that confirm these rich grades and additional mineralization at depth may put the stock into play as a takeover target".

Tried looking forc report.....seems to have been on St Elias website. Link no longer exists and cant find the actual report but proactive reported it.

Https://www.proactiveinvestors.co.uk/companies/news/76836/st-elias-mines-titan-3d-survey-spots-big-targets-at-tesoro-gold-project-13267.html

Maybe the new owners know there are 5m oz.

Ranger sales of course will matter but explorers who are not producing are valued much higher currently so either they are over valued or NTVO under. The share price is where it is as nothing has been happening but with team on site now that should be about to change.

JPMorgan lifts its gold outlook, projecting an average $5,055/oz by Q4 2026, citing lasting investor demand and steady central bank buying. The bank expects even higher prices as rate cuts, stagflation worries, and currency risks grow.

Aim what do you think of the heady share price the former company reached due to the work done at Tesoro? That work and data is all in NTVO's possession. Just an 87 bag from the NTVO mcap 😂....of course this was off the back of the financial crisis however the gold environment is just beautiful do you not agree?

Another misquote didn't jump ship they went ceased trading a couple weeks later lol.

Researching old ground has served me particularly well in past. I've never seen anyone post anywhere near that level of scrutiny here. I suppose it doesn't fit NTVO is rubbish. Just think for a second if Tesoro does have 1million to 5million oz on it's concession? We are 2m mcap company.

And it being uneconomical has well and truly been blown out the water as the person who made the decision wasnt qualified. Its pretty damning evidence and if a court would be thrown out as "evidence".

The mining is also going to be on a much smaller scale than what St Elias were proposing when gold price was less more than half it is is now.

Clearly aim is not that thorough tho golf. Did actually say 2012. The new release is 2014 and the share price of 175million sterling was in 2011. Apologies. Thanks Golf you don't want to knowledge any of my real facts though.....suppose its against the tesoro and ntvo are crap narrative :)

St Elias mcap was just shy of £175m largely off the back of the exploration conducted at Tesoro.

This is the link to the news article that aim is quoting from - please read carefully.

What i posted is completely factual. Aim has posted a narrative without adding the full details of the actual news release or the murky surroundings around how this news came about and what happened with the company during this month and beyond.

https://www.accessnewswire.com/newsroom/en/metals-and-mining/st.-elias-mines-ltd.-report-of-peruvian-operations-413522

For the lazy - "In addition, Mr. Krause recommends that the Company engage the services of a "qualified person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects, to evaluate his investigations and conclusions as he is not a "qualified person" as defined in NI 43-101 and he is a Director of the Company"

Any st elias news releases previously can be found on the sedar+ database no need to google. All canadian company releases can be found here in black and white. Simple to search just go back to pre 2012 and search St Elias you will find all news releases pertained to the Tesoro project.

Also for context St elias rocketed off the back of the historic exploration conducted at Tesoro. Just prior to the shadiness that brought about the demise of St Elias the company was trading at 288m cad. They did at that time have another exploration project called Cueva Blanca which was not as fancied as Tesoro which was very much their jewel in the crown.

Aim your post is wrong and has cherry picked a small part of the actual news release and is indeed false information. Mr Krause may have said it was uneconomical i grant you that however like i said he wasn't qualified to make that decision and it seems there was an agenda to say this with the company's right at this point.

Well golf its always about managing risk and being as researched as possible. Personally i am very comfortable with my investment. Its good to know that other prolific investors have also bought in and taken decent slices. At the momet market is obviously waiting until news comes on finance to q2 2026. Once that is through volume will increase and punters will be much more receptive, especially as things are starting to pick up on site. It might be telling that directors have elected to take shares ad opposed to cash. There are many posters here apparently not interested yet spend most of their day here posting. Must have some allure. Maybe it's the 5 million oz as per Glukstein Silverspoon. Certainly not the cat nip dutchie being passed to the left hand side...

I think the main point is the hooky St Elias director who wasn't qualified to make the decision, decided it was not economical. Couldn't make it up. Same month the company halted trading. The previous St Elias holders were raging as anlayst reports and sampling and drilling suggested the project was going to be very substantial indeed.

Well it wasnt me who said it could contain up to 5million ounces, i just found a few articles stating this. Its out there in the public domain. Who knows how many oz Tesoro holds.....i certainly don't for sure. But this is a 2m company in a $4000 an oz environment. Maybe this is why savvy investors are loading up while some try to spread fear.

I think to put in context the gold price was $1200 in march 2014 when that decision was made.

I also note it was extremely murky during this time at st elias. My previous post alluded to a group of ex holders who believed that company was being hooky with the resource and Tesoro was extremely valuable.

For context in 2014 St Elias

Annual and Special General Meeting: The company held its meeting on March 12, 2014, where shareholders considered financial statements, fixed the number of directors, elected directors and auditors, and discussed the company's stock option plan.

Trading Halt: On March 26, 2014, the Investment Industry Regulatory Organization of Canada (IIROC) halted trading for St. Elias Mines Ltd.

Cease Trade Order (CTO): The British Columbia Securities Commission issued a CTO on October 3, 2014, due to the company's failure to file its financial statements in a timely manner.

The person who made the not viable decision was infact a Mr Kruse:

"In addition, Mr. Krause recommends that the Company engage the services of a "qualified person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects, to evaluate his investigations and conclusions as he is not a "qualified person" as defined in NI 43-101 and he is a Director of the Company".

Not even qualified to make that decison lol. Might as well have sent mickey mouse to make the decision.

https://www.accessnewswire.com/newsroom/en/metals-and-mining/st.-elias-mines-ltd.-report-of-peruvian-operations-413522

So aim is partly right but not since Mr Kruse might as well have been Donald Duck il take that with a pinch of salt.

Thats the point in 2011 Glukstein Silverspoon stated Tesoro has potential to contain up to 5 million ounces of mostly high grade gold along strike and at substantial depth.

Some absolute nonsense gets posted here not very cat like meow.

"Although the veins are narrow, the mineralized structures tend to extend along strike for kilometres and to depths of 1,000 metres. Evidence indicates that the Project has the potential to host a million ounces of gold, or more, within multiple veins traced for an aggregate strike length of 9.0 kilometres. The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in discovery of a mineral resource". - St Elias 2007

Mar 2011 - St Elias

A 100% interest in the Tesoro Gold Project was acquired in 2004, and included permits covering 17,436 acres that are situated in the Acari District, within the Nazca-Ocoña metallogenic province. This province was first discovered and exploited in the 17th century, and hosts more than 70 deposits that are mostly quartz-vein hosted gold deposits contained within the Coastal Batholith Complex, where the gold bearing veins tend to be narrow, typically less than 1.5 meters wide, extend along strike for several kilometers and are known to plunge to depths of 1,000 meters.

The Tesoro Gold Project is now an advanced stage exploration play that carries mesothermal veins, and according to Glukstein Silverspoon has potential to contain up to 5 million ounces of mostly high grade gold along strike and at substantial depth.

These gold veins run 10 kilometers to the northwest across the Acari Property owned by Dynacor Mines (TSX-V: DYN), who hold an Inferred Resource of 606,611 ounces of gold at a grade of 16.4 g/t.

St Elias - 2012

To date, underground development work at several locations on the Tesoro property has recovered a total of 1,157 tons of material in bulk samples, averaging 0.93 ounces/ton gold. These include:

643 tonnes with an average gold grade of 0.77 ounces per ton from the A4 vein;

451 tonnes with an average gold grade of 0.99 ounces per ton from the C1 vein; and

63 tonnes with an average gold grade of 2.04 ounces per ton from the C2 vein.

The gold-bearing structures in the Tesoro concession area have not yet been fully explored at depth and along strike. Therefore, there is a significant opportunity for the discovery of further gold mineralization.

St Elias went bankrupt in 2016 they didn't think it was unviable.

Found another article in 2017 from disgruntled previous St Elias holders stating the bankruptcy was murky and the collective belief from said ex-shareholders was that the Tesoro concession was "very valuable". Remember gold price at that time was US 1k not US 4k which it is now.