Member Info for ID78

Algo’s - or some people taking profit. It’s been a good ride so far.

I still can’t sell these, MCAP under £5mill doesn’t make sense.

MYARC0196 had nearly 50gram metres of gold it’s decent.

The other hole less good but still commercial quantities

They are a major win -straight from the horses mouth.

MCAP is still tiny. The worry here was dusters (so as to to speak) and these certainly aren’t dusters but a continuation of the gold system. Fantastic news

Yeah Janiax I completely agree on the spread and th MMs.

I’ve seen in the past large spreads suddenly appear and it makes the SP look like it’s dropped. They then reduce the spread and the SP closes to where it started or turns blue.

The spread discourages buying. The drop in SP encourages selling. Hold and this will move on again.

Discourages buys… MMs trying to get stock?

Ahh thanks affc21!

Ahhhh thanks Mercedes. So be it, like I said the SP will be higher when they announce the next 2 holes.

As stated in the RNS - this is a MAJOR result as it shows a continuing gold system.

Imagine they continue find this over the 20km strike!…

I don’t have instant SP - I’m only seeing a 7% rise.

But if the SP has dropped then it lets people get in that want in, maybe even those that sold about 0.5p (anyone?).

I know one thing - when the next 2 holes are announced the SP will be above 1.2p, and I expect above or close to 2p.

We found more gold down dip - not banza grades but grades good enough to mine and build a MRE (eventually). All good.

My guess remains 10 mill MCAP off these 4 results and if the next 4 are good then £15-20mill before the next phase of drilling

Froth hasn’t started - this is only £5.7mill MCAP!

If the holes were duds we’d drop today. They were a major win

Lol - wanting to buy cheap Tom?! Well this MCAP is cheap but it’s going to go up - these results are ‘a major win’

Results are better than Hole MYARC0195 but not as good as the incredible grades of Hole MYARC0197

just so we all understand GGP reported plenty of holes like this.

A few times the SP hit 3.1p and bounced back in 2022 … so yeah a while ago but at the same time it looks like a resistance level. Meanwhile that SP is a MCAP of £17mill and that is a sensible MCAP for stage 1 drilling if the results are decent….

But it’s all just guesswork really and depends on results

Meh - waiting on news and a gap to fill to 3.1p…. Long way to go yet but may need news to hit 3p.

News is due any day

20km strike - it’s a massive strike length

Hey off message - thanks for that.

I hadn’t researched the history so it’s good to know the reason for the starting SP. Poor drill results at another project have given us a chance of a great entry on this one (low SP, MCAP)…

Bamb - you made me aware of this on another board, thanks again. I appreciate it.

Hey Mickey yeah my guess was 15-20 MCAP on these results but I’m being cautious.

£10mill is nailed on and that is double where we are now.

GGP is actually mining and has one of the largest plants for processing the ore. So we are a very different proposition.

There is money to be made on GGP still.

But there is ALOT more money to be made here if the grades continue as they are. Google Lassonde curve - we are at the discovery phase and GGP went to £1billion or more on the discovery phase. Every new gold prospect therefor gets mentioned in the same breath as GGP to suggest where the MCAP could go.

If the grades continue the MCAP will easily hit £50mill and possibly a good bit more this year…

I was thinking the same BUt you could drill ph3 if ph2 wasn’t good - ph1 was so good ph3 could be to drill a different direction if ph2 was not so good.

BUT when they were drilling ph2 we got a lot of videos, Sam seemed very bullish and I think he is experienced enough to tell from the cores if they were good or not. The videos I think were cos Sam was excited GSCU weren’t trying to get another placing away and raise the SP.

Ph2 will be good imo. Just need to wait for it

That’s us at £4mill MCAP.

GGP went from £5mill to where they are now. I’m not saying we will be valued at billions.

My point is we have had 2 results, one particularly good and still valued less than where GGP started (with a far higher POG).

We should really be at double this SP already and waiting on more results.

Hey the long road funny you should say that. I’ve made a good profit, I’ve another share I want to add to but my post last night was partly a reminder to myself that this MCAP is so low and selling is daft.

So last nights post was me talking to myself!

Still under £4mill MCAP…. volume traded relatively low and a 30% rise. Looks like these are tightly held.