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As a gold producer, AMRQ will start to rerate once production ramp up is confirmed in operational and production updates being the main driver presently. The resource sector lives in the now unfortunately. So like you CP I have added too.

The extremely high prospectivity suggest a very bright future which is why I am so bullish on AMRQ, but the global market needs to see feasibility and economic viability that the company can exploit its other abundant minerals.

All they can do is what they can control and do best and follow traditional lines of resource development. Do that well and these assets will become prime real estate.

“No matter what happens, you can't get minerals out of Greenland without Amaroq's expertise.

Short term might be dicey, but long term fine (if you can call US militarialism fine!).

Greenland is a European backed ally. Where it might be tricky is that AMRQ is backed by large European funds and institutions.” - Archer. (edited)

Would tend to agree with that, but personally cannot see militarisation ensuing.

Technical analysis and recent market trends do actually suggest a predominantly positive outlook over the next year to support a growing trend so with continued updates from the company with general positive developments in the precious metals sector being the key indicators and charts suggest there is definitely more of a watering can formation ascending from the bottom of an ant hill than an inverse h&s which I don’t think can be ignored.

Sorry, AtP couldn’t resist 😉

Thanks for sharing,

Eldur’s puzzle analogy with all the various stages of exploration fitting together is a really good one that reveals the quality of the ore body and the high prospectively so far.

Off the back of that, the next exploration drilling campaign is essentially going to chase the mineralisation along strike to unlock an even greater puzzle where now, drilling A sends you to B, B sends you to C, C sends you to D and so on. This is where the exploration story starts to really gather pace.

Enjoy the ride.

Agree Trek there has been a major disconnect in asset/company true value to market caps particularly in the junior resource sector since the covid highs that has seen billions wiped of company values across AIM alone. Hardest hit were the many that had no income to underpin any kind of share price regardless of asset quality.

The rerate is starting and the companies that have quality on their books and the funding to advance assets will get the jump on most of their peers left dead in the water, having to raise at huge dilutive discounts.

AMRQ will rerate hard and probably shock everyone.

Guy

“Already get the feeling it’s not about what they have, what they think they have, what they can prove they have or even think they can prove they have, but more about utmost scale of global resource potential of Nanoq.”

Last seasons drilling has advanced its understanding of Nanoq’s series of strongly mineralised folded quartz veins that report to surface. This folding that trapped the gold is what is important and the repeated folding creates a more substantial mining target to go at initially in “phase”1. Unlocking Nanoqs further mineral extensions in “phase”2.

Add the earlier ground work and 10 thousand linear kilometre geophys completed, the modelling had already expanded the potential size and scale of Nanoq showing a 25km corridor linking it to the Jokum's Shear project.

I read in an early report,

 

“This is further evidence that the Nanortalik Gold Belt holds the potential to host ‘multiple multimillion ounce’ gold projects in addition to the Company's flagship Nalunaq gold mine”

Was right about my feeling for “phase”3/4/5?

I think Eldur was even holding back.

You don’t appear the kind of person to endear yourself toward other human beings do you Nine!

I bet folk here would queue up to have a face to face with you.

Wonder what they would say if they had the chance?

Pump number 4 and a scratch card to start.

Hi microcap, currently Silverking only has an in house ‘non compliant’ resource estimate of 268,971 tonnes at 2.7% Cu at a 0.5% Cu cut-off for the main Silverking breccia pipe only. This isn’t a classified resource so they cannot report anything against it legally.

Any final % share of revenue from small scale mining op is still to be determined as far as CB last stated, dependant on final investment but there is clearly plenty of news to follow on regarding both small scale op and large scale exploration to determine a JORC compliant resource which are being run concurrently.

“That said, 1.3 m toms sounds a lot but we must also bear in mind the low grades and huge size of the deposit”

With economy of scale, just small changes to inputs in the economic model can have a significant effect on outcome such as from improved recoveries through metallurgy test work and optimisations.

Also worth bearing in mind that BR has a very low cut off grade, so ‘any’ future exploration from an aquirer only needs to be above this to ‘add’ profitability now to the project. The North of RC is open still on strike and a known mineralised high grade corridor.

Apparent now that the company feel they don’t need the extra tonnage to improve economics to monetise BR!

Hi Lucky, with these licenses, 20 in all being either under explored or have seen artisanal operations historically which don’t have any classified resources under them. But I’ve been looking at Zeus resources for comparison, who are exploring in the ‘same’ central region of Morocco and have returned Rock chips from 7.8% Sb to 46.52% Sb across a 4km strike.

These are exceptionally high as grades higher than 3% in ore is considered high-grade. Deposits that contain 5% or more are often classified as very high-grade. So if we see eventual grades anywhere above this range near surface then boom!

Just browsing the announcements

The commitment already shown by both parties does show a high degree of confidence. The total amount committed by Xtract under the terms of the Agreement amounts to US$2.7 million. With Wildstone, to date has employed a seven strong exploration team, looking to appoint a mining engineer now too. ‘Subject to results’ which you would assume now, have seen some positive results returned with the decision made by xtract to further invest into the operation.

Here’s hoping 🤞

“I’m sure there was someone who posts here that works over there and has a bit more insight to operations. Can’t remember their name now. Maybe I dreamt it.”

Could you be referring to Shinybits? Although, they post on GGPChat I don’t think so here.

Hi JDAU The BR pit optimisation and financial study released in Nov ‘23 showed how the assessment was undertaken, using assumptions. One of these was the royalty payment, however this assumption was at- (% of ex-mine value) 4.0%.

Do you think this increase could be the revised figure already in mind on re- negotiation to be released from the agreement as both buy back ‘mechanisms’ in that agreement are not likely be triggered now, as Colin has been consistent in stating there will be no more drilling done.

I personally think the agreement is moot now, just wondered how you see it.

Do see that now regarding Tomra, but it still cannot take into account the potential mining scenario that NovacellTM throws up, as this was only concluded after the financial study revision.

I could well be jumping the gun and overcomplicating how the financial study is required to be supported technically. Maybe that is something that will be in more detail at PFS.

Although I can’t ignore the company statement that it will, “continue with its studies working towards the ultimate mine and operating plan that provides the best scenario for development of the Bushranger resource."

In that respect, the economic performance can only be updated once the mine and operating plan is better understood first.

Hope this jolts Colin into giving at least an update or comment on, in his next podcast perhaps, or best still an optimised mining and financial study in the new year. That! We can definately agree on James 👍

Thank you James, gives a good forecast but it still uses those particular technical parameters. My original point that ‘all’ scenarios cannot be sensibly used now comes from the most recent ore pre concentration update, from the Altrius study based on the 3 trialed results showed the CPF test work, using NovaCellTM being most effective on the lower grade material.

Case 5 would have been based on using Tomra bulk ore sorting for all ore, which would have utilised a 10mtpa concentrator at an initial mining rate of 20mtpa.

The latest Altrius update concluded “NovacellTM showed the most encouraging results with 78% of the copper mineralisation recovered into only ‘5%’ of the mass, with the head grade of the composite sample of 0.19% Cu being upgraded into a pre-concentrate product of 2.8% Cu.

NovaCellTM coarse particle flotation also recovered 30% more copper than conventional flotation.”

This essentially means once the higher grades are mined and processed on the assumption of a 10mtpa downstream processing train, when the pre-concentrated lower grades come into the mine plan, they would only then utilise a fifth of that processor capacity, or a tenth of one that has a 20mtpa capacity, which is highly unlikely.

How will the overall initial ‘mining’ rate of 20mtpa be affected?

Can the high grades be pre concentrated?

If not,

Mine 20mtpa, process half and stockpile half until pre concentrated lower grades come into play?

Dual train processing? (Caravel had optimised their DFS with dual trains, Telfer uses dual trains)

2x 5mtpa processing trains perhaps?

It opens up new combinations of mining scenarios, rates and methodologies to utilise capacity which the further more detailed test work is also required for, is not just metallurgy.

Will be a new base case I’m sure at its simplest, but swings and roundabouts comes to mind.

Well said @Rotherby1. You make a reference to credibility, I would like to add that, it is with Bamps ‘particular’ subject expert commentary and analysis where credibility is so important and for that, it is crucial to keep his integrity and be free from any suggestion of agenda as he could essentially dazzle us with diamonds or baffle us with bull 5hit and 99% would be none the wiser.

Somebody made a great point that Bamps is essentially an influencer. Could make ‘considerable’ money and gain huge exposure taking aspects of his presentation and using his stature and delivery style to the wider social media platforms.

Totally unfair toward JDAU, one of the most respected long term members, that I would put alongside CaveatEmptor and Theiceberg some years back. Yet now, seems to get challenged whenever objectively supporting the company that you are all supposed to be invested in.

This doesn’t make sense considering that some disgruntled shareholders, I’m sure, do not have an agenda to not only relentlessly trash their own investment, but the way I see the constant dissing of how the company is run, it now borders on ‘interfering’ with me making a living for my family as it continues. Others should be thinking this way too, as sentiment plays an important role for PI driven stocks.

Let’s play nice in ‘26, as this company is well positioned and funded to do well. The company would not have raised extra capital alongside its income if they didn’t think it was going to be value accretive in the long run.

Plus you can currently buy lower than the placing price!

Best to all

“I see I am getting a lot of stick for expressing my opinions.” - Bamps

Can only echo what Jerry has said, you know it’s not your opinion on production guidance that is causing a stir dont you?

That on its own can be honestly appreciated. For members to make their own judgement call. It was an error of judgement ‘for you’ to inform that you had sold some.

Historically, your contributions noticeably lack any kind of predictions on share price movement, so to share that information in the way you did shows an agenda unfortunately. Even if it was not intentional.

Keep your integrity, the board will be better for it.

“There's no use collecting licences just to watch them run out.”

Generally you have to pay a rent on the ground with a requirement to essentially, put an increase of expenditure on them each year. Are you saying then they don't want to be paying rent on something they're not using and giving them up is going to save the company money?

I think you should apply for the next ceo job jez 😉

And you say I talk shyte 😂

“King of the Paterson and King of the Aim.” - E1

In view of this, is GGP still the darling of AIM? ……hell yeah it is!

A unique company and circumstances that doesn’t need sugar coating by anyone, the other side we have the shareholders. Not only the very informed selfless individuals that give knowledgeable commentary and analysis in their various areas of strength, but also for every single contributor to these chat groups that has helped drive sentiment forward and help many folk simply to keep focused to help them make money.

Darlings the lot of ya 👊

Not to say there will not be partnerships formed toward mine development with offtake agreements. Collaboration is far more likely, to get a strategic foothold in Greenland for its minerals.