Member Info for MisterPositive

Off course it will have a big effect on price as for 1st time we will get 'maiden resource' announced to market from all the drilling done to date at Anza. APTA being the main target with 71 holes drilled to date with consistent Gold mineralisation and 5 holes at Charascalla also confirming Gold mineralisation. Target to the South of Charascalla has been marked as priority target with similar attributes as the high grade APTA zone. You will get an idea of the initial resource size at Anza , then read it off 'Buritica' NPV to get some indication of the $$$ value at Anza resource identified in Dec.

MMs out for Fish n Chips...by the looks and few beers....LoL

My understanding is the mineral resource would be broken down in 3 categories across the entire property: 1. Measured 2. Indicated 3. Inferred As each category requires diff inputs due to being more advanced stage than others. Thoughts ?

From memory they got about 30,000 metres of drilling done to date. will this be 'maiden resource' estimate just for APTA? One thing I am not clear on is, will they include resource estimates for entire Anza property? given that they have already identified over 6 sq.km Gold anomaly at the much bigger 'La Cejita' target...under 'Inferred' category may be?

What Is a National Instrument NI 43-101 Report?

National Instrument (NI) 43-101 is a Canadian mineral resource classification scheme used to disclose information about mineral properties. Foreign and domestic companies listing on stock exchanges overseen by the Canadian Securities Administration (CSA) are required to abide by the NI 43-101 rules and guidelines for displaying information related to mineral properties.

The NI 43-101 Requirements:

NI 43-101 reports have a number of core requirements designed to protect investors. The most basic requirement is a "qualified person" that must vouch for the report. But other requirements include standardized feasibility studies and sample preparation and analysis. And finally, the technical report itself and any data referenced from it must be used in proper ways.

According to industry guidelines, a "qualified person" is an individual who is an engineer or geoscientist with at least five years of experience in mineral exploration, relevant experience to the subject matter, and a member in good standing of a professional association. The "qualified person" must sign-off on the report and is ultimately liable for any errors or omissions.

Feasibility studies must also be conducted that analyze the viability of a mineral project that has advanced to a stage where the mining method or pit configuration has been established and an effective method of mineral processing has been determined. These studies include a financial analysis, as well as economic, social and other relevant factors.

https://www.thebalance.com/what-is-a-ni-43-101-report-1979210

Professor, Thanks for the reminder. I have Snowden report bookmarked in my favourites. Anza deposit looks great. VMS style and epithernal style gold deposits.....awesome. Edison estimates, 3-4 Moz is what Newmont would look for before they get involved. Says it all really. Newmont are already on board.

Buritica NI 43-101 is a 368 page report. Could not read the whole report as it's too long.

AGEOS NI 43-101 includes both Technical Report and Feasibility.

I will be happy with gradual rise towards the 13p retest in coming days/weeks.

Trend is Up ahead of ahead of Dec feasibility. Would expect gradual rise as more folks take positions. Ticks up fast as seen and without warning.

bhargav,

I am with you on this now.....about different methods used.

Yep, Re-test of 13p next week is possible....with +18p or higher end of Nov on the cards, before entering Dec.

Expect traffic to build here in coming days.......cheap Tickets running out fast.

Shelly,

Newmont bought 19.9% in Continental "AFTER" Buritica feasibility (FS).

Continental Gold share price & Timelines:

19 Feb 2016.........C$ 1.50 (before Feasibility)

24 Feb 2016.........Feasibility comes out (NI 43-101)

17 Feb 2017.........C$ 5.53 (peaked here)

16 MAY 2017........Newmont buys 19.9% equity @ C$ 4.00 per share (worth $109m).

Continental share price jumped over C$ 4.00 a share in just 12 months after FS and peaked @ C$ 5.53.

Think some punters were chasing gains elsewhere in the afternoon today.

Golden Cross here...

Friday could be a good day with a crack at +10p very much in sight en-route to retest of 13p.

https://www.kitco.com/news/2018-11-08/EY-Mining-Executives-Expect-Increased-M-A-Activity-In-Next-Year.html

Merger-and-acquisition activity in the mining sector is likely to pick up in the next year, said the consultancy EY in a report Thursday.

The firm’s 19th Capital Confidence Barometer shows that 58% of global mining executives say they intend to pursue mergers and acquisitions in the next 12 months, compared with 46% across all sectors.

EY said the autumn announcement that Barrick Gold Corp. (NYSE, TSX: ABX) will acquire Randgold Resources Ltd. (Nasdaq: GOLD) for $6.5 billion could influence other industry participants to aim at increased volume through mergers and acquisitions.

The EY report said that 74% global mining and metals executives say that they expect the M&A market to improve in the next 12 months, up from 53% last year. Further, 52% say that their M&A pipeline will increase in the coming 12 months, compared with 34% a year ago. Sixty percent also expect to see an increase in the number of completed deals, almost double last year’s response rate of 34%.

“The latest Capital Confidence Barometer indicates that caution could now be lifting, and 2019 may well see the sector enter a new phase, marked by acquisitive growth and bolder deal-making.”

Good to have little pause. Gives other chance to get on board. I fully expect this to revisit 13p before end of Nov.

219 g/t
176 g/t
72.3 g/t
70.99 g/t
58.03 g/t
45.62 g/t
40.37 g/t
40.25 g/t
29.49 g/t
20.89 g/t

Not seen something like these in a VERY long time.......awesome.

Wonderman,

I think you might see your 60p target in coming months....

£100m Buy Out price alone would value this at 67p.......at the low end.

as per investing.com

5/10/20/50dma ALL above 200dma now.

I now work with conservative figures, hence managing my own expections. MCap is a better metric always. £40m MCap = 26.67p And that would be at the very low end.

Rise here is inevitable. Anza NPV should come at Multiples of current MCap £13m ? No brainer....I expect this to be over +25p in Dec. Holding tightly to every single share.