Member Info for ID78

Miners are currently outperforming gold.

At some point that could flip but right now the miners are running riot…

It’s a mystery why this has dropped quite as low, PaulFG

All the same - it’s a good entry price 👍

Thanks Dr R …. 1.4mill alone in North PEPAS

So realistically we may be looking very near 2mill in PEPAS north and south …

Thanks DR R… as you say get the drills turning!

For me the placing and the churn has given me a chance to buy here.

I think without the churn I’d have missed the boat…. wait for the churn to end and we are off, as Trek quite rightly says. (If we aren’t breaking out now that is)…

Bonker - the chart definitely looks like it’s breaking out, SMA, ichimoku cloud, all that technical stuff….

Then the fundamentals say the SP is low for what they ALREADY have

Then there’s drill results due so sustained news in the months ahead. As you say, bunker, buy and switch off on the day to day.

Napthman - yeah a small amount in GEO - cos you just never know. 500k shares is still a good amount in here! Like I say you wouldn’t put that into GEO!…

Wow… … and well done on FRES!!!

But that shows the confidence - again you wouldn’t place that in a wildcat drill like FDR…

That’s … a lot!

But it is lower risk. I’d be worried having that much in FDR, GEO. I would be happier holding a large amount in ARV. You should do well!

I missed that - yes you did say HALF!

I agree …..

That’s it Napthman - this has gold.

They are hit and hope…. If they have success then maybe add to GEO - you’ll still make money but more importantly you’ve reduced your risk if they hit a duster with this hole.

ARV meanwhile - has gold and is undervalued on that alone. Everything is upside from here …. Which is nice 😁

Get 3 mill oz and it’s more than x10 … surely?… the MCAP is tiny here.

Haha - I think you are right!!

Maybe people are realising the risky punts on shares with no gold found (yet) are maybe not the best gold explorers to back?

I’m basically repeating what you’ve been saying all along bonker99

I’m seeing 0.45p as resistance ..

Dr R what would sway you into buying here?

4p seems a good entry point?….

All it’s an buts - but

IF we do have near 400koz in PEPAS south then the same again (or more in the north). We could be a 1mill oz company on PEPAS alone.

I think a few here believe PEPAS north is a better prospect than the south?…

Asked ChatGPT to review the drill results and predict the gold in PEPAS… the result

Small footprint (250 × 100 m)

• Tonnes ≈ 4.05 million t

• Grade ≈ 6.16 g/t (assumed from intercept sample)

• Contained gold ≈ 0.80 million oz (≈ 803k oz)

I know - it’s chat GPT. … but reduce the grade to 4g/t and it’s nearer 500koz … not too far from what we are anticipating …

That aside … the RSI looks is in a descending wedge and just about ready to go.. as you say LW there is a bull flag formation too. It’s about ready to pop any day now

Jane gold will be $4500 to $5000 by the time they start mining 😁

If the DFS drags on then I’d see that as a buying opportunity (for me( as other shares have news due that would give me funds to buy more.

And a perceived delay may present a pullback.

Didn’t someone that was good at this game make some comment once that ‘The stock market is a device for transferring money from the impatient to the patient’……

Oaft Megan takes no prisoners!!

And neither she should…

I keep looking at other gold companies and they seem to get excited about things like 1m or 2m @ 15 g/t

And I keep thinking ‘eh yeah where’s the rest of the gold!??’

I think OMI has me conditioned (if you like) to think a drill result is rubbish if it’s not 50m @ 10g/t!!

Yeah it caught my attention.

He has a bit of a following - can see a reasonable response here on Monday…