Member Info for ID78

I don’t see any gap.

Instead it’s blue skies - there’s no resistance as the SP has never been this high…

Sir James - I would think we are already a target.

But the longer any buyer leaves it the more expensive it becomes to buy!

‘Bit ping wtf’ ….. WTF??!!! Damn phone

sorry - tho I guess you get the point

I was watching something on YouTube- treasury companies are dead, you can just buy via and ETF.

I didn’t spend long on it, asked chat gpt for a bit ping wtf I can buy in the uk in an ISA.

You can’t. So treasury plays are not dead.

The royalties could easily be more than the current MCAP per annum

I was listening to an interview last night, a guy that was at PDAC - saying there are 6 gold companies with over $1bill in the bank and no debt.

They will be looking to buy and replenish/increase their gold stock. Then today this RNS - it’s uncanny

I’m in…. watching AJAX for a while.

This is big news and the SP looks like it’s broken out of consolidation…

GLA

Still in a strong uptrend candler 👍

Trump doesn’t want a long war, he’s already tried to get the Italians to negotiate an end. It’s bad for the economy and - let’s face it his ego loves it when he can declare victory. ‘I’m the best ever’. Also - the ships need to return to port to re-arm…. It’s not very sustainable.

The small problem is the that the last negotiations the US offered a deal to Iran, told the Iranians to get everyone together and talk it through. Then the Israel and the IS bombed them and killed the leader.

So Iran won’t be in any hurry to work a deal with Trump and the US. Iran won’t be in a hurry to end the war.

https://m.youtube.com/watch?v=cqNCW0xl_sM&t=3328s

How much will production cost, CAPEX and how long will that take? And will there be production issues - OMI just has to dig it out the ground and truck it

With the above I mean JAN - how easy will the route to production take, how many years will it take?

OMI has a relatively simple route.

Can JAN be compared to OMI?

OMI have 4 licence area in Columbia to increase the resource. One alone 1-2mill oz.

Then there is another in Argentina.

Then there is minimal capex to production and cash flow.

Does JAN have 5 licence areas that could return 1mill+ oz each?

How much will production cost, CAPEX and how long will that take? And will there be production issues - OMI just has to dig it out the ground and truck it.

You cannot simply compare the companies. But big names in this business have backed OMI. Have they backed JAN?? …. And if they haven’t backed JAN - why not??? My guess is- it’s just too small to bother with.

This is all just hypothesis, including my comment - we will know soon enough.

As you say, hoping to hit 40p soon …

@ kr - Trek posted yesterday ‘it’s pumping’ … and he ‘VSD is operating seamlessly’. In other words last week we were producing helium.

I think the update will be Friday to let you know they are producing and what that first week of production has produced….

Napthman - most likely scaling in and so hoping to buy even cheaper.

That’s why he or she doesn’t like OMI at present.

Gotta wonder with such negative posting why would you then go and buy the shares in the very same company…

The current management have never met forecast mining targets.

Never. That’s why the SP is pulling back and why it is at about the right level (0.5p to 1p range).

Until they show they can mine what they talk about mining it should not be higher.

The company should indeed be a lot further ahead than it is but they have trouble mining and pouring gold.

Hey Antony - apparently you don’t pay the VAT if it’s held for you in a vault (see the Clive Thompson video I just posted)…

Personally I’m happy enough buying a silver miner in an ISA…

For me - useful knowledge building on silver and comex, but if you don’t rate him don’t watch 🤷‍♂️

https://m.youtube.com/watch?v=aeGCAhjjBCw

Sorry - winking the charity shield by only 2 goals

Need to spend more time on my posts but again, work is v busy

The PEPAS MRE is not the main event.

It’s just the sideshow but a significant sideshow that removes dilution by funding the company for the next 5-6 years

The MRE underpins the value of the company. $1bill gold vs MCAP less than £100mill. And as stated above removes funding risk as the large prizes are progresses to MRE.

It’s like winning the charity shield by only one goal AND then being bought over by someone with deep pockets that allows a war chest to go for the treble and the champions league.

Element would just bang on that the one game, that win was only by 2 goals and not 4 - you are doomed 🤣🤦🏼

‘Do you really think that with silver at say $200 (no idea what level would be critical for silver) the industries will keep using it’

Mobile phones, EVs, yes - silver is a low cost in the production

Solar panels - no - it becomes uneconomical. I think I saw that solar panels are maybe 13% of the industrial market but I don’t know how to verify that as true or false tbh.

So the answer- price of silver going up will reduce industrial demand… but it is hard to fully quantify it