Member Info for Iaintittle

Cora is more tightly held than most; 65% of the 'known' big shareholders are in this for the long haul and many of the PI's as well. You don't suppose there is a big order being filled at 15.5p and the MM's are trying to oblige?

Perhaps some PI's disappointed not to get more 300+gram holes (but I am very happy with 103m@2.1g/t)?

If the minerality at Selin is 100m deep, 70m wide and 3km long, at just 1g/t using an ore density of 1.7t/m3 that is over 1 million ounces at a recovery of 90% by itself.

Tony, I keep my ears close to the ground.
I don’t have material inside knowledge.
If you want to talk, email me. iain@65bls.com

My spies tell me that drilling has been completed. 20,000 metres or so to be announced before the Resource update at the end of Oct so maybe a drill RNS every week for 6 weeks with around 200 holes to report. Intriguingly, these will all be Phase 2 or 3 follow up holes and hopefully will be very revealing!!!!!

Someone let me know if there is a mind blowing RNS this morning, going to bed now after watching the tennis; go Emma

My guess is that it provides optionality.
If you want to be involved with either the equity or the convertible fund raise ask Bert to keep you informed.

Perhaps the $25m term sheet will provide the equity section that allows the company to borrow another $50m from Coris Bank and build a 100kozpa expandable plant?

Just a couple of outtakes from the new presentation

'SANANKORO; SELIN
1/ Drilling has confirmed 550m of mineralised extensions to existing resources – remains open in all directions
2/ Presence of oxide gold mineralisation of potentially economic grades & widths confirmed across prospect

SANANKORO;ZONE A & ZONE B;
1/ New drill results at Zones A & C confirm good widths and grade in oxide ore
2/ Intercepts confirm the broad >60m horizontal width and good open pit tenor of the Zone A ore body
3/ Drilling has highlighted the open pit resource-quality and continuity of the Zone A-style mineralisation'

So Selin remains open in all directions and Zone A&C confirm greater than 60m horizontal width..... nice

A couple more ducks popped in a line in the last week, now the mother of all drill RNS ??

For those super sleuths I attach a link to the narrative pictures of my Avacta LFT’s that arrived this morning from Calibre.
The instructions are also printed in German, Italian, French and Spanish.

https://share.icloud.com/photos/0G4qylL2i653ApDHR3iAVugkw

Norm has been on holiday but he is back now.

Looks like Avacta's LFT's are back in stock at Calibre Scientific..... my parcel due tomorrow by 18.00

I recall a comment akin to ‘if we had used the same resource consultant as Hum we would have announced 750koz’ Once bitten and all that.....

Did Bert say 'massively expand resources' then correct it to 'try to massively expand resources'?
and 'much larger project'?
looking forward to hearing what 'massive' means to him!!!!!

https://twitter.com/cora_gold?s=11

‘Looking forward to meeting as many shareholders as possible and updating everyone on recent significant drilling progress at #Sanankoro #Gold ’

So Bert is doing a couple of live presentations to shareholders at the end of the month.......

Ordered my Avacta LFT's from Calibre Scientific today.
Out of stock until the weekend, they aim to deliver early next week.
Very helpful lady there told me she believed that the Avacta LFT is the best that they sell.
Also had a useful discussion questioning as to why the Randox test is certified for home use whilst being much more complex to perform than the Avacta which does not have home use authority.......

looks like MM's messing with the price again. i expect a couple of late reported trades before tmrw

Back to my desk after the summer I have spent the afternoon looking through the companies recent RNS's trying to guess/dream of the upgrade that we are hoping for at the end of Sept.
This analysis may not appear pretty on this forum and is very over simplistic.

The original resource was declared as 265koz from 5.0 Mt@1.6g/t;
The 'grams per hole grade' highlights RNS'd in the run up to our maiden resource being announced were as follows;
Selin 27/24/70/31/70/21
Zone A 65/79
Zone B/BN 36/42/22/11/16/65/36
Very loosely; 15 holes at an average of 41 with the company controlling the cut off .

Drill results reported from the ongoing 35k meters program WITH A CUT OFF OF 30 GRAM PER HOLE (my decision)
22 April Selin 38/35/67/90
5 May Selin 44/110/78/38/33/44/44/60/35
24 May Selin 81/33/38/49/37
7 June Selin 38/43/196
16 June Zone A 61/31/3987/52/36/45
7 July Zone A 633/55/59/58/47/124
7 July Zone C 56/88/123/72
14 July Zone A 63/63/91/90/37/36/40/30/52/93/52/52/42/96/67/44
23 July Zone B 34/81/59/153/67/152/37/30/52
4 Aug Selin P2 36/762/110/97/77/250
18 Aug Zone B 59/30/60/293
18 Aug Selin P2 253/104/51/39

And we have only revealed (i think) 19,761 meters of our 35,000 program (which has been extended to perhaps 38k)

So the (roughly) 50% revealed drill results give us 87 drill results at an average of close to 80 grams per hole. Obviously some of that is not commercially mine-able.
And now the company is doing phase 2 drilling in order to follow up on the positive results so far so we should expect an improvement maybe?

So, heading towards a conclusion....... our maiden resource was 'based on' 15 holes at 41. We now have 87 at 80 (with me imposing a cut of at 30 unlike the original) and we are only 50% through the drill program....... (work it out, nearly 6 times the number of holes at almost double the grade with only 50% reported and the P2 drill results to come?????)

Some of that upside is now priced in...... but lets not forget that 1.6 g/t was the basis for our scoping study..... it is apparent that we have that and much much more.

looking forward to the next RNS and a resource update?????

The company will look after its’ business.
The SP will look after itself.
I’m just going to finish this glass of rose and go for a swim.......

Wyn
‘Iain, I think its the SP that tells the story presently.‘
Then you are a ****.
The SP tells of the markets conservative, or otherwise, best guess of value right now. Information is imperfect. It is not the company’s job to ‘support’ the SP. We need them to get on with their business irrespective of the SP. Most are invested here as a longer term quarter by quarter, half by half play.

Our distributor sold out. Avacta had no more for immediate delivery to them..... that tells its own story.
It was reported here that at staffer at our distributor said they had placed a third order described as ‘large’ with Avacta and were given a two week delivery date. That tells me that we are selling all we can make right now...... but how many is that?