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Not in that list; theres also Maghor and Teng Teng…. Maghor being the largest mineralised area in the exploration licence.

For this that haven’t looked at the prospectus, the other prospects are listed in the tweet below with potential g/t. Hope the link works. Vim Rutha could just be the start of the exploration news…

https://twitter.com/SNIFFER78/status/1602610343930482689?s=20&t=taWa82lCdKa_mA-96Sc4Ag

It’s more a bit of fun, Trek fun as invested in HE1, which was wildcat exploration, risky as it gets. The prediction was £5 a share if all went as planned. As I say boom or bust.

Fine if you want to invest / gamble small amount. Gcat is completely different the risk here (now) is minimal as the gold is there, we are fully funded to production and you can invest larger amounts and wait for a decent reward. Not £5, but if Robbie thinks we are worth £100mill, we’ll that’s more than 5p a share. That’d be nice :)

As Mickey says… imagine we get another drill result with 80+ g/t ..

I’m no good at price predictions but .. if Robbie thinks we are worth £100 mill .. then let’s be conservative. £50mil = 2.66p? I’ll go for 2p.

This looks like a genuine breakout.

Trek, can we put you down for £5 a share? (I hope you take that in the spirit I mean it, just a bit of fun. I still have my eye on that one, it could maybe happen - but it’s very much boom or bust lol!)

Head dancer - that’s the thing. $20mill + capex already invested here!!! Compare that to pure exploration companies with zero capex, nowhere near producing gold and with less gold discovered than us!

For anyone new looking at GCAT…

This is a company with over $20mill already invested in the mine and gold processing plant to produce gold from the mine.
The board are expecting to be producing 2000oz a gold of month - 3 months from now. Yes - only 3months from now. This is fully funded to this level of production.
The cost of producing the gold is around $1100, so at a POG of $1800 you can figure out the profit
In addition the mine life is 10 years based on 2000oz a month, and with more gold being found daily during exploration work.Again the exploration is fully funded. No dilution.
To explain the mine is the Kilimepesa hill, surrounding areas to be explored are vim rutha, teng ten, Maghor and others. The hill had the LOWEST grade ore and has sufficient grade and gold for a 10year mine life. There’s huge potential upside from the surrounding areas that are being drilled now. Vim Rutha is the start with that 84g/t bonanza grade hit.
Then there’s Tanazania.

How many companies can deliver significant gold production in 3 months, at low AISC, with huge potential upside with this market cap (fully funded)… if you know of any please do let me know! Wishbone today showed the risks inherent in minnows - so far it really has struggled to find much gold, nevermind enough for it to be a profitable venture and are years from (I if they ever) produce any gold and will need considerable funds.

That’s the beauty of this share, a bit of everything for everyone and at this price (MCAP)!!

84g/t… is that not classed bonanza grades? Don’t forget KPG found a vein of 24g/t at the surface at Vim Rutha- it’s in the prospectus. Cracking day today :)

*derisking not derailing!!! Flipping phone!!!!!!!!!!

Not deleted - just found it.

I wonder if the updated MRE will be included in the ‘project economics’ he’ going to RNS (or reduced AISC due to better gold grades)…

I think the Q3 ops update may focus on the project economics. I’m sure this is what managed to secure all this funding and now the funding is in place GCAT can now make it public

@legalwolf - I think the updated MRE back in the summer giving a lot of mine of 10 years derisked the project.

I think any additional gold (next updated MRE) doesn’t derisk the project, but just makes the SP and MCAP more and more detached from reality.

There is one caveat to that, if they find better gold grades it drives down the cost of mining and the AISC making the mine more profitable per ton of ore mined. So in some ways that helps hit or better the AISC. Perhaps that is derailing the project if you like.

Umm .. I just looked to see Robbie’s tweet from this morning has it been deleted?

As you say, certainly suggests it.

This additional funding could explain the delay in the news we are expecting…

Troajan, very good lol :)

MATD

https://www.petromatadgroup.com/wp-content/uploads/2019/11/Corporate-Presentation-11_11_19-Petro-Matad.pdf

Heron development economics based on Block XIX parameters are good:
25MMbo, 62 production wells: NPV10 c.$150MM RoR 36%

‘Velociraptor with 201MMbo potential and 402MMbo upside’

So…Heron is the discovery they are looking to workover and bring to production. NPV10 $150MM

Velociraptor is potentially 10 times the size…. maybe more..

Not sure where I got the 20% cos ..

GST - repeating what Ppower posted. But … he could be right

https://www.fnlondon.com/articles/cryptocurrency-firms-fail-uk-fca-money-laundering-test-20220719

‘GST has bottomed’ - thanks Troajan, reckon you are better at calling it than me!

I can’t remember the details but I thought velociraptor was a potential monster. Yes relatively speaking the SP is still cheap. I think I’m busy kicking myself for not buying below 2p. I always said I would!! It’s be a safe(ish) 50% minimum… one day.

Back to a Vraptor. If, indeed, it is a monster that’s the sort of thing that generates excitement (think HE1) and can really push the SP. Think the CoS is maybe only 20%… I’ll need to take another look at MATD, these facts are all over a year old in my head.

Like I say GST has really caught my attention…I need to find time to do some digging into MATd and also organise my thoughts!

Im being very cautious at the moment!

MATD - big rise and as Troaj says will run out of steam. If the land access issue drags on there could be a another chance to buy. If it gets resolved more fireworks I guess.

HE1 - waiting to hear about funding

88e - still to take a real look at this, but you mention funding?

Portfoliopower has brought my attention to GST. Totally different to what we ar e looking at. Looking to launch GS money by end of year. Blockchain, ‘trillion dollar industry’ MCAP = cash held / net assets. And…. to become the FIRST FCA approved blockchain services provider. Early mover advantage…. .. really caught my attention!

Anyway, game changing news (potentially by year end and SP keeps dropping and dropping!

Ahh ok, wasn’t sure what Mag Mel was!

Hmm .. as you say, a bit weird mentioning it on spud of MOU-1

Thanks for the chart, dia.

So… rig mob, then placing admission dropped the SP. Spud saw a 2 day recovery in SP a few days later the results weren’t good and the SP tanked.

Food for thought. I still see some sort of bounce on announcing the spud of MOU-2

PRD - I’m not invested, so yeah I meant as an entry. Thanks Kevin. I’d like to think spud would see 12p again, but nothing is certain.

MATD and HE1… not bought into either yet. Watching.

To me both are higher risk. MATD the land access in theory will be sorted out soon, but this is not nailed on so you buy and hope it goes ahead as suggested. HE1 I’ll wait until a placing is announced to buy. Of course, I run the risk of missing the best entry price on both!