Member Info for M_Night

Lots of new mineralized zones to be discovered throughout Kilimapesa with our lovely drill rigs away from the existing mining zone.

Lots more gold churn out across Kili, Simba and Nyakafuru. Really is a bargain to invest in gold within a company that already has a fully operating mine, infrastructure, drill rigs, licenses, exciting new board, at least 3 projects much more down the line. :)

With sky high inflation, a recession on the cards and a high demand for minerals, many more will flock to GCAT over time. This year, next year and beyond as the company grows.

Gold looking strong over $1900 per oz.

https://goldprice.org/

Some quick revenue calculations once we're hitting 2000oz per month / 24000oz per annum.

x $1700 = $3.4mil per month / $40.8mil per year
x $1800 = $3.6mil per month / $43.2mil per year
x $1900 = $3.8mil per month / $45.6mil per year
x $2000 = $4.0 mil per month / $48.0mil per year
x $2100 = $4.2mil per month / $50.4mil per year

Point being that no matter the gold price, there's a lot of value here in GCAT that can't be found in most juniors. That's the potential this year for just Kilimapesa and it seems likely we can expect further developments to boost production further in 2023 and also get either Simba or Nyakafuru producing in 2023. As well as further cost reductions, efficiency improvements, resource upgrades, JV's, acquisitions, board appointments and further liquidity from Nairobi.

Don't let little trolls mug you off. There's a reason why they're so rabid with this one - because they want to get in here as cheap as possible.

Which is why the re-rate from the current share price and mcap will be significant. It's only been listed for about 6 months and so sometimes it can just take a little while longer to be noticed by the market.

I'm happy to ride out the volatility of this month and buy the dips. Here for the bigger picture.

To add to this, it's a fairly safe bet to say our resource will be sitting at 2.5-3mil oz this year factoring in the drilling and additional license.

On top of this, drilling will continue at Kili and I it's likely we'll get 2-3miloz there over time. I also suspect the board would be keen on securing another gold project on similar low cost terms as Simba and Nyakafuru, which could be announced at any moment this year.

Early to mid 2023, I'd expect a group resource of well over 3miloz. Whether the gold price is $1800 or $2100, do the math against a resource of that size and you'll see how massively undervalued this is down at a £10-15mil mcap. Especially when we're trading under NAV.

A company that'll be churning out solid revenues this year at 1000-2000oz per month and has such a significant resource will re-rate sharply going forward. You can't ignore that in the junior space.

Chief executive of Caracal Gold Plc, Robbie McCrae, said:

"Franck's appointment as Head of Exploration comes at a crucial time for Caracal, as we ramp up exploration at our flagship gold mine at Kilimapesa, where we are investing significantly on our exploration activities, aimed at boosting JORC resources to over 1.5Mozs this year.

1.5miloz+ on the cards for just Kilimapesa this year with all the plant upgrades and additions well underway.

I also suspect we'll land the additional license for Nyakafuru which will take take the resource their to over 1miloz in the first instance.

+ Simba project and we're looking at somewhere between a total group resource of 2.5mil-3mil oz this year with gold production at 2000oz per month.

Take advantage of these dips and put them away, as sooner or later this will re-rate. The seller will clear off soon below placing level.

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.

Our large multi-billion dollar valued investor is serious about PREM I see... ;)

Now for the rest.

https://www.bbc.co.uk/news/live/world-europe-60685883?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=622a1102980bea49f4b7be6a%26Putin%3A%20Russia%20can%20take%20over%20foreign%20companies%27%20assets%262022-03-10T15%3A09%3A53.837Z&ns_fee=0&pinned_post_locator=urn:asset:09c2faee-0813-45bc-87cc-0d6a94db494a&pinned_post_asset_id=622a1102980bea49f4b7be6a&pinned_post_type=share

They are buys.

Oh dear, cash rich I meant. :D

Let's sell that 3000-4000oz gold stockpile of ours at these prices. ;)

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.