The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The below is the "deep dive" of the 171p broker rating, very interesting read:
https://www.proactiveinvestors.co.uk/companies/news/909199/ferro-alloy-resources-pushes-ahead-with-balasausqandiq-development-plans-909199.html
I especially like the below:
Ferro-Alloy is the 100% owner of the Balasausqandiq vanadium deposit that also contains by-products such as uranium, molybdenum, aluminium, rare earth metals and carbon.
A reserve summary carried out in 2014 by the Kazakh State Reserves Committee confirmed a reserve at the site of more than 70mln tonnes, although Ferro said this assessment is only based on partial drilling and does not reflect the extent of the deposit.
The company says that the deposit is unlike the vast majority of vanadium deposits elsewhere in the world as it is not comprised of the mineral vanadiferous titano-magnetite, meaning material from the site can be processed with much lower capital and operating costs.
Ferro estimates that Balasausqandiq is large enough to produce around 10mln tonnes of ore per year, generating around 55,000 tonnes of vanadium pentoxide.
Processing plant
Aside from its developments at Balasausqandiq, the company also operates a processing plant treating low-grade bought-in concentrates with a production capability of around 150 tonnes per year of vanadium pentoxide.
The company is planning to increase output at the plant to around 1,500 tonnes per year by “by further debottlenecking the plant and installing additional equipment”, the cash from which it intends to use to fund the development of the Balasausqandiq deposit.
First commercial production and sale of calcium molybdate from the small-scale plant was achieved in October, with the company saying it is in discussions with potential off-takers.
Been trying all morning to load on this and finally got in around 23p. I missed out on BMN about 5 years so looking forward to the ride on this. Will hold long term as this should really reward with such a small market cap at the moment. Very impressed with the news yesterday.
The point of the current drilling is to help "develop a great understanding of the APTA" and to "address geological questions that were left unanswered from older drilling campaigns by previous companies".
It is ridiculous to expect each hold to delivery massive grades and width. However it as great that on 25th Jan RNS MAP-072 returned "70.50m @ 3.53g/t Au, 9.33g/t Ag and 1.62% Zn from 184.80m" which is fantastic. Today's RNS MAP-073 "21.60m @ 6.02g/t Au, 6.02g/t Ag and 3.23 %Zn from 271.75m" again great.
Also did you see some of the grades for the small intersections:
MAP-073 - including 1.2m at 96.44 Au(g/t), 34.81 Ag(g/t) and 29.98 Zn(%)
MAP-076 - including 1.95m at 30.82 Au(g/t), 4.66 Ag(g/t) and 0.52 Zn(%)
Also note "Intersections are reported as down-hole widths, not true widths. The Company does not yet have sufficient drilling information to accurately calculate true widths of drill hole intersections"
More drilling is going on with a "4th rig to be mobilised"
"After much excellent work and several phases of drilling, it is pleasing to be at the point where we are now developing a greater understanding of APTA, its nature and genetic controls. It is also testament to the benefits of being in a JV with major companies that gives us access to a depth and breadth of experience and technical expertise that Orosur alone does not possess."
We have 2 majors on board, do you think they would be wasting time and money doing all this if they did not think it was a commercial venture. I don't think so.
Current market cap of OMI is £49m. Wow so much potential in this share.
The point of the current drilling is to help "develop a great understanding of the APTA" and to "address geological questions that were left unanswered from older drilling campaigns by previous companies".
It is ridiculous to expect each hold to delivery massive grades and width. However it as great that on 25th Jan RNS MAP-072 returned "70.50m @ 3.53g/t Au, 9.33g/t Ag and 1.62% Zn from 184.80m" which is fantastic. Today's RNS MAP-073 "21.60m @ 6.02g/t Au, 6.02g/t Ag and 3.23 %Zn from 271.75m" again great.
Also did you see some of the grades for the small intersections:
MAP-073 - including 1.2m at 96.44 Au(g/t), 34.81 Ag(g/t) and 29.98 Zn(%)
MAP-076 - including 1.95m at 30.82 Au(g/t), 4.66 Ag(g/t) and 0.52 Zn(%)
Also note "Intersections are reported as down-hole widths, not true widths. The Company does not yet have sufficient drilling information to accurately calculate true widths of drill hole intersections"
More drilling is going on with a "4th rig to be mobilised"
"After much excellent work and several phases of drilling, it is pleasing to be at the point where we are now developing a greater understanding of APTA, its nature and genetic controls. It is also testament to the benefits of being in a JV with major companies that gives us access to a depth and breadth of experience and technical expertise that Orosur alone does not possess."
We have 2 majors on board, do you think they would be wasting time and money doing all this if they did not think it was a commercial venture. I don't think so.
Current market cap of OMI is £49m. Wow so much potential in this share.
WSBN has massive potential and so does OMI they are my gold stocks of choice to rocked this year. I have owned and sold COBR / ECR etc, yes you may get a rise on them but personally long term WSBN and OMI are the ones that I think can 10 bag from current levels.
Absolutely agree, happy with the steady rise but wow this can go so much higher. I am in for the long haul on this one. Happy to hold 1 - 2 years to let this reach much much higher price, so much upside potential on this. I reminds me of GGP at 1-2p it has that much further to go when you look at Market Cap. I think this can easily 10 bag from these levels.
Highlights:
· 3D inversion of the Red Setter ultra-detailed magnetics has delineated 3 highly magnetic bodies over an expanded area now covering 3km x 1km.
· Largest individual priority 1 magnetic target has a 1500m strike length with a width of 400m and starts at around 75m from surface.
· Magnetic survey reveals that all magnetic targets are much shallower than 150m-250m depth previously modelled.
· The relatively shallower target depth is strongly advantageous both from an exploration and future development potential perspective.
· The Red Setter Project is located 13km south-west of Newcrest Mining's Telfer Gold-Copper Mine and 60km west of Newcrest and Greatland Gold's Havieron discovery.
This share has crazy potential, to me it is a given that we will be 100% from the current share price, it is just how crazy can it go. The market cap is around £60m which is absolutely nothing when you look at the fact we are partnered with majors and have amazing gold grades and with width. That is all you need. To me there is no question that this share is just going north so load up. I would not be surprised to see this at market cap of £200m and it would still be cheap. That is 333% increase from current levels. All you need to do with this share is buy and hold and enjoy the ride. Good luck all, not that we are going to need it with this one.
I think this share is going to have an amazing year this year. The land we own is in one of the best locations you can have. Just look at the grades and width at GGP Hav site. I strongly believe we are sitting on a massive gold mine so just need drilling to find where it is at. I am not expecting amazing drill results first time, it is going to take time to find the sweet spot but it is there somewhere on the land we own. I am constantly topping up when I get the chance with this share
Reading some of the posts below saying ggp is current worth less than 20p is absolute nonsense. Please don't believe this rubbish. I am very surprised at the current share price and personally think we are in well oversold territory. It seems to me weak holders are getting robbed at the moment at these prices. Ignore the negativity. This is a fantastic share with amazing prospects and in my view this will easy 1 bag from these levels in a month or 2. Longer term this could easily be above 50p and higher. I am loading up at these prices. I really think anyone selling at these levels is really going to regret it.
Absolutely. It is crazy that omi market cap is just around £60m. So so cheap. We have loads of gold we have JV with massive mining companies. What more could you ask for. The key more than anything for me on Monday's RNS was good grades at width. That is the key. Job done this is going to £200 - £300m market cap easy so load up at these prices.
Absolutely, feel like a kid at the candy store. This is so cheap at the moment. Just bought more. For me this is definitely the next ggp or solg. Load up at these prices. It is only going to go north in my view. I am long term holder. Not selling a bean for at least 1 -2 years. Looking forward to the ride.
I am not surprised by the rise today, so cheap at the moment. This could so easily be £100m £200m market cap company load up at these prices. All any good company needs is a great asset and now we own the land next door to GGP Havieron this is a no brainer lot load up on.
Absolutely agree. I have been watching WSBN for a while and slowly building a position. I think the placement at 10p has given a lot of confidence and put a minimum base on the share price. There is no question in my mind the Paterson region is going to be amazing and if you can get exposure to it with a market cap as low as Wishbone has at the moment you are mad not to load up. I also hold a GGP and got into that sub 1p.