Member Info for GoldGeezer

Downagain - your space ships make you look a bit like a bed wetting Crypto 🤡 . Missing a whale and moon but it’s not really miners vibe.

Go for it Essex. You’ll be able to get a classic Ford Capri, with Sharon & Craig sun-sticker & furry dice. Her knickers hanging off the rear view mirror. Talk of the town in Basildon!

Gold rocketing hasn’t help explorers. It’s help producers, however explorers, if successful, are way higher geared. ORR is very successful. I’ve not done the maths but we are priced at about $10 a JORC ounce. Market is $25-50, but should be $50-200. ORR will have 3M JORC within a year and soil samples plus step out drilling suggesting 10-20M!!!

Still can’t see it but chunky trades often delayed an hour or til close. Sneaky MMs

Invisible trade??

14th August 2024 News was not very tactful.

GLA.

It’ll pop soon

Personally, if I intended to invest such a chunk, I’d do it before 14:30. 14:30 to close is snap, crackle & pop time.

We are hitting a sell wall with peeps who got in at “bonanza” grades spike. It’s actually bullish, as it’s being absorbed. Once beyond 0.4 it’s open seas. Everyone gone that’s not staying for the ride. I believe (IMHO) that 0.4p to 0.7p will be easy. Patience to get over 0.39/0.42

0.3678-0.37.

Next jump coming IMHO

Stupid MCAP

Re your gold cut off - an extremely valid point.

0.3 g/ t was deemed cut off in African open pit mines in 2018-2021 when gold ranged from USD1,200-1,400.

Waste and costs can exponentially rise with lower grades however, USD0.3 g/t is clearly nonsense. An open pit miner at 0.3 g/t might have an AISC of USD1,200 ounce. Clearly much lower grades remain very profitable.

The JORC competent person (CP) signing off an asset needs to consider the reasonable prospects for eventual economic extraction. CPs should be brave and at least lower the cut off to 0.2 g/ t

Based on what we know, I don’t consider it excessive to estimate that we have at least 20M ounces

If the price rises to 1p post 500k JORC announcement in March / April, it should be 2p in June / July securing the license.

2p would mean an MCAP in the region of USD100m.

The Jorc could be raised to ++5M ounces with a USD 20M drill campaign, which would represent a 10% dilution for 50% funding with BCM. Alternatively they could dilute N & S to 25% free carry and employ BCM, or other, to explore the 100% CLP areas. Or farm in a major and share cost

The current price limits a raise but when some catalysts lead to a fair valuation, things can snow ball.

The interview is on the Directors Talk channel

High conversion rates of the target expected. This would suggest 500k ounces is fair to say. So 870k in the South, 500k in the Notth. Both open in all directions, which also means that North & South might be connected and are 700m apart.

On the basis that 870k and 500k are opening in all directions and might be connected, what’s fair to assume, which could only be formed up with drilling. I don’t believe 5M ounces is a fair punt. Until we know the potential limits, it could be 10M ounces.

https://x.com/*************/status/2016067742961373539?s=46

See you all at 0.62p

Looking forward to soil samples from 100% CLP tranches. More exciting.

So a bank lends money to a company to mine an asset and the mine isn’t successful, so it defaults. The miner goes bankrupt but the bank takes ownership of the license / land ownership!!! How did your banking career end?

I agree, if it was possible, but it’s not!!

A dilution of say a further 25%, so they retain 25%, BCM 75%. The revenue from this would allow 100% ownership, exploration and mine development of the rest of the CLP.

Revenue from Senegal royalties could be significant I’d say 1-2%.

ORR have funds for 2026. Their JORC and soil samples of the CLP should cause a significant MCAP rise. A raise might be prudent.

There’s many options, dilution of first mines, new farm in’s with bigger players, raises etc. All dilutive however it’s about the slice of cake. The slice gets smaller (%) but the cake becomes effing huge.

If however the exploration and more soil samples, plus some drilling of the other CLP tranches proves several million of JORC, they’ll not mine an ounce, they’ll be purchased for USD250M-USD0.5B

Ask AI about coiled springs WickNead. You’ve clearly no idea about MMs

🐑