Big18 Jul 2024 08:34
The Igli Project is a high grade silver and copper project in the Anti-Atlas which has returned grades of up to 912g/t silver .
Equates to 36oz/T.
Consider this:
"The Cannington Mine in Australia was one of the largest silver-producing mines in the world. In 2005, the Cannington Mine produced a stunning 44 Moz of silver at an average ore grade of 515 grams per ton or 16.5 oz/t."
https://www.moneymetals.com/news/2019/06/14/silver-miners-average-yield-falls-001795
[note title of the average yields falls]
[and not forgetting 2.97% copper]
I compared the corner stone investor fund raise with LND. It was at a 16% discount at 2.4 but recently the sp hit 6p [although off a bit now] Our fully diluted CL strategic raise was at a 13% discount on previous close of 1.35.
And look at the monster the proceeds are being used for.
Also note the new investors.
"We are delighted to become CMR's main strategic investor. CMR has a fantastic opportunity in Morocco, and potentially further afield, thanks to management's blend of skills, sector experience and deal flow. The silver-copper option announced today is very exciting and reflects this Moroccan expertise. Although Prism's largest investment is in the financials sector, our shareholders have extensive mining experience, and we also have a strong mining network, including potential co-investors across the GCC and north Africa. We envisage working closely with CMR and, to that end, strongly support Dominic's move to an executive role and his increased involvement."
Great BOD now with additional support.
A heavy weight chairman founding a £740m co is now full time in a £1m mcap?
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