Member Info for NomZ

Changes to DRC mining code is the reason.

You can't make a purse out of a sow's ear. The facts are that their projects are rubbish. Spin and bluster cannot sustain a company for ever. But some individuals made good money out of it.

The size of the resource is irrelevant if it can't be mined profitably. No value will be attached to it until a full DFS is published showing that it can be mined economically. It will need huge capex up front (that HUM don't have) and the grades are low. I don't know about recoveries. It's in a remote location as well so not straightforward. If they get a partner in that would be great. But they will have to do full due diligence, which can take time.

I suspect if it was a Malian National Guard then there would have been a lot more than two others killed. Most of the local miners in this area are Malian and they regularly have "issues", though usually with the Guineans across the river... https://af.reuters.com/article/topNews/idAFKBN1DS1KS-OZATP

Don't speak too soon

HUM funding the next round of drilling for an additional chunk would be the obvious route to take IMHO

Cora already have a JV with Cradle Arc so a good fit.

Its also an industry where technology improves dramatically and deposits that weren't economic a while ago now are. Certainly the really big deposits have mostly been found and overall size will drop. It also depends what you class as a "discovery". Have a look at how many mines Endeavour and B2Gold have brought online recently.

But annual production is increasing... https://www.statista.com/statistics/238414/global-gold-production-since-2005/

Show me a map or cross section and some context. One swallow does not a summer make. I've worked on a project where the first hole hit 1m @1,500g/t in an overall intersection of 12m. It couldn't be repeated and nothing came of it. Show me four holes in a row with decent intersections and I'll happily change my mind.

"I'll bet you could take the gold out of the samples and have a few ounces!" 50m @ 2g/t in a 6.5" diameter RC hole in oxidised material (density 2.2) will contain approximately 4.5g or 0.15oz of gold worth $42

Not sure if I�m a fan or not just yet. What I am is someone with 35 years experience in the exploration sector. A bit of bluster on one or two intersections means very little. They have drilled under an existing artisanal mine and hit two good results. Forgive me for getting excited. Until there is some indication of repeatability then it means very little at this stage. And yes, they currently have a resource of ZERO ounces.

One or two intersections are great, but it is way too early to start talking about reserves. A lot more systematic drilling is required to prove continuity and properly delineate the potential resource. if there is one.

Yes, you could buy all of Cora's resource of precisely zero ounces. Still a lot of expensive work to be done there to prove up something economically mineable.

Yes, you could buy all of Cora's resource of precisely zero ounces. Still a lot of expensive work to be done there to prove up something economically mineable.

I really wish they would stop using the word Discovery. They are NOT discoveries, these projects have been around for ages and have had previous work done on them. The results look good though.

The persistent rumour at the moment is a merger between Randgold and Endeavour...

The news from Cora is just spin and bluster. The results are very, very average.

The results are very average. Yes there�s strike, but we knew that already as there�s artisanal miners there. The high grade intersections are only 1m wide. And the wide intersections are sub 1 g/t. So for all the spin and bluster they havent got anything close to being economically mineable yet.

Close the door on your way out.