The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
At 71Mt @ 0.44% Cu and 0.064g/t Au, at a 0.3% Cu cut-off, the existing Racecourse Inferred Mineral Resource is believed to be one of the largest undeveloped porphyry copper-gold deposits in the Lachlan Fold Belt of New South Wales, Australia.
In comparison to previous drilling on the project by Anglo American, our recent intersections are substantially wider, suggesting that as the Racecourse mineralisation extends to the northwest it is growing significantly in thickness. The higher-grade sections appear to occur at shallower depths and form a "cap" of higher-grade mineralisation over the top of the central porphyry intrusion. We believe this enhances the ability to potentially open pit mine the Racecourse copper mineralisation.
Consolidation just reduces the number of shares in issue , value of holding does not change . 100 shares worth £0.01 =Total Value £1, if have 100 to 1 consolidation then will have 1 share worth £1 Total Value £1
Batangas project , I wonder if this will come back into play soon. "Mining is on the up in the Philippines following president Rodrigo Duterte's decision last week to rescind a nine-year moratorium on new deals in the sector."
First processing results from Terensai exploration area
AltynGold is pleased to announce the results from the first batch of ore from Terensai Exploration Area
During 4Q20 Sekisovskaya Gold Beneficiation Plant processed the first batch of ore (1,794 tons dry weight) received from the open-cut mining operations at the Terensai contract area.
The processed ore shows an average grade of 1.8 g/t and a recovery rate of 81%.
The above results confirm the prior data included in Terensai’s feasibility study.
"The Company has remained in dialogue with its South Korean funding partners whom also recently provided a second tranche of funding and remain committed to the non-dilutive funding process to bring about production in South Korea. The Company will update the market in due course." ---- Given that drawn second tranche it would be good to receive some clarity on what this is for , states to bring about production
I can only assume Ronald posting negative comments to bring price down to buy in at lower price no other reason to waste his time on this board , DYOR people . But is a little strange that happening just before news expected , coincidence ?