Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Robbie McCrae, CEO of Caracal, said, "Our focus at Caracal is on rapidly delivering on our strategy of becoming a +50,000oz p.a. producer and building a JORC compliant resource base of +3Moz within the next 12-18 months.
Kilimapesa and surrounding area has the potential to be upto 3m oz and they are driving up the resource right now drilling it. Tasmania has 1m+ oz which will be drilled next. 3 +1 = 4m+ oz JORC resource and combined with 24,000 oz production.
Easily worth more than £160m MCAP aka 10p
Don't have to rely on 50,000+ oz production for 10p just have a look at GGP they produce NOTHING and what's their JORC resource going to be? under 10m oz. They also have 3 times more shares. GCAT only has to increase their own JORC to less than 5m oz and production to 24,0000 oz to be worth over 10p. Remember that's only £160m MCAP.
5p in H2 and 10p in 12mnths
Was it really that bad? The company have clarified their mistake. I'm glad to see weak hands sell for a loss at this range infact get rid of all the 10% traders.
This will be 5p in H2 and 10p in 12mnths.
If in any doubt sell
" Its aim is to rapidly increase production to +50,000ozs p.a. and build a JORC compliant resource base of +3Moz within 12-18 months from its listing in August 2021. "
Will be more than halfway by H2
SP will be 5p by then and 10p in 12mnths