Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Again, not a pump. The 50,000oz production target and 3mil oz+ JORC resource all outlined explicitly by the company, see the presentation below. Drill results are imminent (end of this month) to boost the current JORC resource of 1.5miloz up to 3miloz, as well as boosting gold production and sales to initially 24,000oz this annum.
https://caracalgold.com/wp-content/uploads/2022/01/Caracal-presentation-Q1-2022-final-PDF.pdf
Just a tip for a company as it's under the radar and only 15mil mcap.
Robbie stated everything is priced at selling the gold at $1800 per oz, with 100$ safety net down to $1700.
The company is very well positioned to benefit greatly even from a $50 or 100$ increase in from each oz of gold sold. Let alone let's alone the $150-250 increase we've seen recently.
Someday gold will be at and over $2100 and the revenues here will be staggering once this is producing 50,000-100,000oz per annum across the 3 projects. Mid-late 2023 is when I this will happen and we'll have the possibility to sail well over 10p a share.
Just a bag for every 1p gain for those that invest down here.
Not a pump my friend. I'm invested in FRES and just sharing a tip for what I consider to be one of the most undervalued gold plays around (trading below NAV as it's not on radars) that should yield high returns from this level over the years ahead.
It's unlikely FRES will even 50-100% anytime soon, let alone 5-10x from here -whilst that is a strong possibility with fast growing junior mining companies like GCAT, with such a low market capitalization and strong growth plans. It's listed on the main market and so isn't an AIM pump and dump share.
3mil+oz JORC resource and 24,000oz producer this year means it won't be sitting around down at 15mil mcap for much longer.
Caracal Gold #GCAT
15mil mcap. Funded. 1.5miloz JORC resource at present, producing 1000oz per month, plant upgrades in place and funded to produce 2000oz gold per month / 24,000oz per annum. This is all at one out of three of Caracal's gold projects.
Drilling is underway to increase the JORC resource to 3miloz+ and and achievable production target in the short term of 50,000oz per annum. Further gold project acquisitions also expected.
Massively undervalued for both a producer and explorer and just newly listed late last year. Company who has its own diamond drill rigs.
5-10x expected over the next 1-2 years.
Get the feeling the market isn't quite factoring in the significance of the new appointment.
https://www.lse.co.uk/rns/GCAT/former-kenya-ambassador-appointed-to-the-board-sw04ly575fm2bzc.html
This will no doubt help us secure the additional Reefs license for the additional 400k, as well as propel other activities at the new gold projects this year into next.
Nice to be back posting here.
When I first started posting on the PREM board, around 0.18p in Dec/Jan, many accused me of ramping.
Rather than ramping, I was just a very confident in what was taking place here as I had done my research on PREM and peer companies and was aware many were being mugged off and being coerced into panic selling down below 0.20p, which ended up being true sadly for some. Since then we rose to heights of over 150% and have now settled somewhere around 75-100% up, yet we are still undervalued before any resource upgrades are factored in and completion of the DFS.
I say we are cheap because I look at the mcap and not the share price. I can see the valuations of other companies with far less potential and further behind us which are higher than ours.
This is a very hot sector, perhaps the hottest sector to yield the biggest returns to investors and we know our end goal is a large stake in a producing lithium mine. This is still just the beginning of something much bigger occurring this year, well into next year and beyond.
Resource upgrade is a given. George and the geo went on the record and stated 80mt for Zulu Autumn last year. The project page mentions potential of 120mt-160mt at the bottom. https://www.premierafricanminerals.com/zimbabwe/zulu-project
We know the step-out zones are heavily mineralized and so I could see this going there, over 100mt over time. Even at 60-80mt this will re-rate massively, which is where I think we'll get to soon this year. It shouldn't be this cheap even at 20mt... Then there's the EPO, 56x Zulu or there abouts.
We had 6 drills running right - before this massive investment? I'm sure we'll get some more now too.
The results are going to pile in soon enough for both Zulu and the EPO. What's holding this back from running to 1p and over now? Very little imo.
PREM is a completely different beast and has been de-risked to a level never witnessed here before. A combination of the massive investment, being partnered with a billion dollar company, increasing institutional interest, price of lithium, demand for lithium and more. Circum shares will be worth a pretty penny now too and I look forward to that cash landing here as well.
All of a sudden, Caracal's operation goes from being just about profitable at $1800 (not factoring in the already reducing costs) to cash strapped at at the current gold price.
An extra $50, $100, $150 or $200 per oz is a big deal for a company that's about to ramp up.
Whether gold settles back down at $1900 or soars to over $2100, GCAT is going to benefit big time. We know inflation is only going one way.....
The markets are a casino at the moment, but GCAT looks more assured each day. Massively de-risked with the placing, rising gold price too. We've now only got a Kenyan ambassador on the board as well...
Not too shabby. ;)
Been buying the dips last week and this week too. Seems like the shares are being snapped up quickly under 0.30p.
The deal must be in the final stages now, lots of demand for loose shares.
Noticed over the past few weeks that a more Twitter accounts have been championing GCAT. Many with thousands of followers. Being one of the cheapest gold producers on the market with a funded and big growth strategy is starting to gain traction.
Been patiently waiting for these shares to come to life and finally it seems it's happening. Caracal Gold (GCAT) also worth a look. Same jurisdiction as Shanta and looking to emulate its success. Its cheap as chips and the lowest price producer on the market.
Many more will be coming to gold.
Goldplat shares crossed over to Orca.
https://twitter.com/JB_MiningAfrica/status/1498698898491203589?t=0IfOgyCh28YfIS5B4-ngYw&s=09
My comment on 3rd Jan. "Surely a placing is coming, considering they only listed with 2mil?"
Glad I sold as I was expecting this.
The herd is catching on. Expect higher volumes going forward.
People know this is cheap and if there are dips going forward they'll be bought in more quickly. The moment this went under 1.10p today it went NT to buy for any volume within minutes. Many of these shares are falling into sticker hands as well, as they can see this is a multi-bagger under the current fundamentals and growth strategy for 2022 (focusing on growing production at Kilimapesa) and 2023 (focusing on building the 2 acquisitioned projects into quickfire producers and growing Kilimapesa even further).
Sell your shares at this level and it'll be harder now to get a lower average with the placing out the way and new shares quickly being churned through. More buyers to compete with now.