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The JV & valuation metrics are of interest to me here if we start to get an indication of the potential resource size at both Red Setter and Cottelsoe as the next round of drilling helps to define a potential resourse estimate.

Red Setter is at present a giant target with only 15 scout holes with grades up to 6.4g/t

With further drilling they can start to model a more clear picture of the potential resources target.

So far only just over 5000m of the planned 30,000m has been drilled so plenty still to go at.

If we can also work towards a MRE at Cotesloe for the Silver and battery metals then we will be able to underpin a valuation at many multiples of the present market cap more in keeping with our peers.

If Red setter is looking like a Telfer analogue as the expert geologists belive it then becomes a case of how many millions of oz's is there across the whole license?

Working on a valuation metric of $100/z acquisition value.

2-3 Million ozs would be a 100 x bagger based on those recent acquisition values of 100/oz valuation for the region.

We are still firmly in the 'speculation' phase here of the lasonde curve.

However with a market cap of a mere £5m and the potential upside of many multiples its one I'm very happy to back just like I did GGP in the early days.

Having the Western Australian Government on board and fully supportive of building up a resource model at Cottelsoe is a game changer.

GLA.

Recent Peer valuation analysis.

The recent analysis note Greatland Gold which enjoys a premium multiple of $540/oz multiple when calculated for attributable ounces.

"Our sample of selected peers suggests a median multiple of $48/oz, with projects closer to production, whether it be in the scoping study, PFS or FS stage, sitting towards the 75th percentile of projects analysed at >$100/oz on an EV/MII basis."

In terms of M&A activity in the region, the recent acquisition offer by Westgold for Musgrave Minerals at $131/oz on a fully diluted basis "highlights the premium multiples

I guess another reason that the SP hasn't taken off is that the rig presently isn't working, only managed another 3m before being shut down and they still need to get the drill string of 1400m+ out of the hole.

Hopefully it is as they say and not a lack of torque from the rig and they will be able to spin those rods back up once the rig is working again.

Not checked any chat over on He1 bb so may have already been covered.

Good update today. As mentioned previously SP does whipsaw on these updates as they are starting back up production

"the Company is now free to restart all its operations. The restart will be carried out in stages, and mining will recommence immediately. The Company's heap leach operations continued to operate throughout the recent partial shutdown, but without addition of ore. The restart of mining will enable fresh ore to be placed on the heaps so that production of gold doré, and copper concentrate from SART, will return to its former levels"

Also, what works for me, might not be what works for someone else as a lot of it will be what the individual will be happy using and some want a app on a phone and some will want a desktop format.

Some brokers are app only and some are desktop only and some offer both.

I do think it's worth trying out a few of the different brokerages as most have demo accounts

Some will pay you to transfer balances to them but it's worth comparing the overall costs based on what you are likely to actually use them for whether it be a pension balances / ISA or general trading pot.

Charles Schwab / IG / Fineco in the main for foreign stocks. I do have other brokerage accounts, depending on whether SIPP/ISA/GIA/SB.

I don't really use the free apps as from what I understand you receive the worst of the spread on both the Bid/ask and that's how they make their money? plus when I hear about folk either getting locked in or unable to buy for ages it always seems to be people shouting the free apps.

There's been many a time when I've wanted to get out of a position quickly and that's when the main paid for brokerages serves you well as never had any issue.getting out when needed and happy to pay a few quid to do so.

I think it's just coming off being oversold as it got bashed down to 2p.

Didn't take many buys at all to see it bounce back to 3p.

Up over 50% in the past week.

GRE now up 85.29%+ in the past month

And 490%+ up since June

Some SP catching up to be done here.

Billion $ dollar offers coming in for Azure

They don't yet have a defined resource

I'd imagine their suitors will have been alerted to ARV.

Guess RNS incoming then? :-)

AIM doesn't have to halt for market sensitive announcements like ASX does.

Sharetrader78 on Hotcopper speculating a placing ?

Interested to see what news, as commencement of drilling doesn't require a market halt?

So something else to be announced?

Don't think the commencement of drilling requires a trading halt :-)

Let's see what happens next.

Re. ARV

Trading Halt announced on ASX.

Someone on hotcopper speculating a placing?

Let's see what happens.

ASX announcement for ARV of commencment Drilling at Osborne.

If you take a look at the map on Hotcopper you can see that their licence is located just next door to Azure Minerals

Dai,

It was like that when Azure received their first bid to buy the company and the SP went to trade above the offer price and then the CEO did an hour long pod cast where he was laughing about all the options open to him and how well the SP had done and then when asked what the next plans were and would then go and raise 20 / 30 or maybe 40m+ to fund a mega drill program to fully prove up what they have into a JORC compliant resource model the CEO said we are being offered lots of options as you can imagine.

At that stage, I thought I'd cash in as could see some massive placing and possibly some SP drift.

How wrong was I.

The SP has nearly doubled again since and the latest offer that on the table has been put forward while they still don't have a full resource model.

This is a good example of what can happen when a stock stays in full on speculation bull mode on the way to proving up what they have

Usually once they have actually proven what is in the ground if this is already fully built into the SP due to the speculation frenzy you see a gradual draw down as profits are then taken.

The most extreme example of this was Condor gold.

Massive spike in SP on the way up to their JORC.

Then look at the following 10 year down trend.

And they still haven't sold it. Or moved into production..

Last few placings were taken up by Sanderson capital partners.

(SCP)

They are a family office.

If you have been around AIM a long while you may have heard about sanderson.... mainly on the UKOG bb :-)

(Some one else can explain it)

I think they did well out of one of the last few placings and maybe break even out of the other.

As SCP had held about 10% at one stage they may not have been keen at that price.

Not seen SCP being that active atm (same as a few). From memory they coined it in on EUA and Audioboom and I also think WSBN so probably waiting on the junior sector to pick up a bit, that said they have been very supportive in the past and TYM is a share I've been happy to trade.

I know I keep mentioning it over the past year or so.

But its now a 76 x bagger from its 2020 lows.

Stuck a post up earlier over on ARV basically saying that AIM desperately needs one of its junior explorers to see a mega re rate like this as its been a while now.