George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Yep the cap is tiny here. Serious value and the future growth door is now open wide.
Make sure you are tall enough to ride lol.
Mediman. Well done it was about time somebody called him out lol.
I see this as the opportunity to get in at the ground floor market cap wise once again but the safety net is we already know they have big gold and lots of roads and tracks built for access to advance quickly with cheap fast drilling and full control and 3 day lab result turnarounds.
And funded.
Yep 4-5 days per drill and 3 days lab turnaround. It should equate to results every week. Funding in place ready to go.
How long you wanna wait. That news is 12 months old lol.
Quick assets 7.62M. Fixed assets/Intangibles 97.65M
Wonder if we see another 2m buy after close.
As Brad says. We are now “off to the races”
Have to say I’ve not seen him buzzing so much. Looked like he had been given a new lease of life.
So far the grades are outstanding as were GGP.
V cheap drilling here also.
Yes true transformational wealth play here.
Brad says 4-5 day shallow drills with 3 day lab turnaround. Rapid news period to commence.
Manyfold*
Newmont had the opportunity to buy Burritica but settled for small change from the Chinese. The resource size multiplied manifold and is now in production. Amazing setup. The resource size is open
Sorry that’s meant to say Burritica is now in production with the Chinese who hoard their gold.
Newmont also had a stake in Burritica, 20%. They sold to the Chinese company; can’t remember its name.
Initial gold estimate 1.6moz grew to 3moz then 5moz then 10moz and geologists say the further they drill the more they find. They are not producing. Mine entrance at valley floor advancing forward and up. They say the resource size is mirrored below the entry level doubling the resources to 20moz minimum
Newmont missed out again they have form on this.
Same with ggp they sidestepped and Newcrest came in. Newmonts game is to buy out Newcrest they are at that level but their exploration techniques are secondary to their success.
So base case 2Moz in one area. Huge grades.
Precious Metals Deposit Account
Take the opportunity to invest in gold and silver in grams.
https://www.hsbc.com.tr/en/daily-banking/accounts/precious-metals-deposit-account#:~:text=With%20HSBC%20Gold%20Account%20and,with%20gold%20time%20deposit%20accounts.
They specialise in the area holding licenses adjacent to Anza.