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Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi
https://www.cnbc.com/2024/04/16/gold-is-shining-bright-like-a-diamond-and-could-hit-3000-says-citi-.html?__source=androidappshare
AND powering up despite high interest rates and high dollar. Normally both of those destroy gold. There truly is steam under this.
Watch this video of a congressman trying to get people to understand the US growing debt situation. Frightening that they are literally barrelling towards default because they can't get themselves to care about anyone but their individual agendas
https://youtu.be/EzZGoF8mNjA?si=fx4PApIrgVaeh4Lo
That's a 20% increase on the revised up JORC estimate now!
This is why I'm looking forward to the drilling. From their previous results:
"During late Q4-2022 and H1-2023, the Company completed 1:15,000 scale mapping (lithology and regolith) and rock-chip sampling over a c.48km2 area at Mbe to help constrain the source of the gold anomalism. A total of 76 rock-chip samples (including QAQC) were taken over selective outcrops, predominantly quartz veins, within a 3km-long geological zone that is up to 700m-wide. The zone is underlain by a northeast to north-northeast trending, shear-related porphyritic unit (provisionally recorded as quartz-feldspar-porphyry (‘QFP’)) that is highly altered along its central core and is silicified and gold-mineralised. Results of up to 134.10 g/t Au were returned from sulphide-rich and locally brecciated quartz veins that occur within or at the contact of pervasively altered (albite, silica and carbonate) and sulphide-rich QFP.
In December 2023, BCM completed a three-week long site visit to Mbe and collected a further 639 samples over the 3km-long zone, each weighing 2-5 kilograms. Of these, 542 samples were collected from pits (5-10 metres deep and exclusively dug by artisanal miners) and 97 samples were collected from outcropping rocks. All of the pit samples were collected from in-situ (weathered saprolite or saprock) material, with composite channel-chip sampling being applied over the exposed pit wall (and perpendicular to the dominant vein set, where apparent) to ensure sample representivity. Results returned 155 samples grading ≥1 g/t Au, 13 of which have graded ≥10 g/t Au. Of these higher-grading samples, best results include 256.74 g/t, 133.44 g/t, 75.09 g/t, 33.66 g/t and 22.89 g/t Au from outcrop sampling, and 25.16 g/t, 23.97 g/t, 9.98 g/t, and 8.75 g/t Au from pit sampling. A further 232 samples graded between 0.20 and 0.99 g/t Au."
Let this point sink in. Bonanza grades in the rocks at surface with a colossal area to explore. The potential is bat5hit bonkers!
I want to see what's in the ground before any sales talk.
This is part of the problem of seeing AIM as a source of income through placings, Marketing gets forgotten but no business on the planet does well without good promotion
Orr has good potential now, and that's obvious. The reason the share price won't rise is because there is no volume. Volume comes with popularity. Popularity comes from awareness. Awareness comes from Marketing. The people that will invest in Orr will come from all walks of life. If they stick to their appalling Marketing approach, noone will ever know they exist. Instead we'll have to wait for RNS readers to catch on instead and maybe someone who has an audience might talk about them. The point is, they could find and talk to those audiences now, but instead we just get videos on channels noone watches
Hard not to be excited by Eileen's words. So much positive and the worst now behind us.
If the gold price lingers at these levels from here forward the the JORC will have gone up by 10%
Volume will only come with news. There needs to be regular news to keep the interest going and the fomo. They've had a hiatus so we're just waiting for them to get back up and moving. It will come
Touched $2190 this morning. This is significant because it helps the major's with their inflation affected operations. With inflation lower, they are surely more likely to make more moves on opportunities
Yeah. News that there's no news
Machines
A lot of their updates have been on Mondays so anyone on the sidelines should get in quick
Retrace is an opportunity. Quite enjoying it
I think that mention of 1.07p price estimate makes sense
One thing is true though, in order to exercise warrants without being seen as a insider, you need to find a careful gap. This tells me there's no immediate news, so we can expect a retrace for a bit until we hear on Senala etc
Bonanza grades just lolling about randomly at surface
Assume you're out of the red (or close to it) like me Kutzz. Congratulations for holding your nerve. You did well brother. You kept the faith
Need to get some of these funds noticing ORRs situation
https://www.fundcalibre.com/the-funds-investing-in-the-aim-market