Member Info for lordsidcup

This is simply not true - at any time another company could farm into the project and fund further drilling. Our own drill are fast turnaround and while a full MRE and JORC is being pursued we can start looking at mining operations with a funding partner like Black Cat

Right now the offer is .065

There is nothing whatsoever to do with diamonds here, someone read "diamond drilling" and got the wrong idea!

With Black Cat the entire operation was funded by a third party specialist, once they recouped the outlay BC got the next $50 million then they did 50/50 profit share

Not the same but important to establish commerciality

An Australian mineralisation report is a document that includes:

Exploration results for a mineral resource

An analysis of the economic viability of mining the resource

Expecting another RNS in the next days then, this is just preliminary to the mineralisation report and licence application

You're deliberately being obtuse for some reason but everyone here knows who is clueless now

You don't seem to understand, it is bulk low grade but the high grade stuff on top means it is commercial for open pit, they have found 18g/t near surface

What I'm wondering is why the urgency for a mining licence now, they will do more drilling before a MRE, so are they planning test operations or something?

The continuation of the high-grade oxide zone within the 600m wide porphyry system has been further expanded and is open in multiple directions, potential forsizeable low-grade heap leach operation, mining licence application shortly

https://hotcopper.com.au/documentdownload?id=sC1D18q3MHQ4ga8wwAQ7OGIx%2FYe33YCULGnCH7NpYKheF8nOy%2Fm1aNbXVhsgD7oj

Oracle Power just retweeted the target of .083 not sure they'd do that if there was a placing coming

I just hope everyone is loading up here and not getting scared by those idiot shorters!

Zak Mir new target to fill gap from september at .83p - golden cross forming - really blown the doors off - mentions just placed so unlikely again so soon

1 trade think I might be right....

We know the gold will be announced in Australia first but we could still get updates on other projects or more likely a holdings RNS - still don't know who the 13% holder from the placing is and other legacy placees will be getting down to fumes with this volume. That's why it's hard to be out

The two main trolls talking it down and scaremongering about a placing on twitter both accounts deleted, I think we broke them!

We should know late this evening if there's going to be an RNS following Riversgold - 7.30am over there is 8.30pm here

Not forgetting their biggest asset if the value can be realised - $Billions in the ground:

https://www.dawn.com/news/1876085/sharjeel-nasir-want-coal-mining-scaled-up-to-generate-electricity-reduce-dependence-on-imported-fuel

very low mcap due to placings but now projects coming to fruition the market realises how undervalued it is - the northern zone gold is much bigger and easier to mine than expected and they have also a $billion green hydrogen project in ****stan nearing feed stage - it is just too cheap

They're going to keep drilling for now as the size of the resources just keeps getting bigger, every new drill expands the footprint - see the Ed Mead interview on proactive

https://youtu.be/HlVF252tVA8?si=elvkHUyR5MDbyzS5