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Huge re rate incoming for Gold, Silver and Copper set to boost the inevitable re rate in SP here even further.

Anglo Asian (AAZ) 150m/cap FY 2021 Production of 64,610 gold equivalent ounces (from their recent RNS) this excludes their copper and silver production.

Once GCAT producing 50,000oz+ they will be trading in a similar market cap range.

That's a 10 x bagger from here.

If GCAT just get to half of that by year end 2022, still a 5 x bagger and increases in the price of gold will lift all ships in this sector.

I particularly like GCAT as from such a low market cap, it has the potential to multibag quite quickly.

Incidentally, I was reading earlier that last month saw the largest inflows into the gold miners ETF since the start of the pandemic.

Hold on tightly to your tickets here as cash is about to come pouring info this sector. I have been selling off all my oil having bought at the bottom of the range, I'm now cashing out and going into Gold.

Position yourself accordingly.

Well said speedie

I think more folk are starting to see what is happening in the present fiat based system and its not looking to clever

History seem certain to repeat itself.

Pub sounds like a good shout!!!

Three pronged attack to deliver shareholder value here

1) ongoing exploration within licences held to grow a multi million ounces gold reserves. 1.6Moz+ held and looking to increase to 3Moz+ and then grow further.

2) aquire neighbouring underdeveloped Gold fields and grow resources and bring into production

3) increase gold production levels to circa 50,000oz pa by end of 2023.

All the above will move thus from a 16m market cap to a serious mid tier operator.

@Legalwolf

After the recent raise, cash held should be circa £4-4.5m

Total gold in stockpiles at the end of the quarter was reported at 2,919ozs

Gold stockpile valued at £5,546,100 @1900/oz Gold price

So could sell and boost cash to circa £10m

The fact we are stockpiling the gold, demonstrates we aren't desperate for cash here and will want the best price when we do sell some.

Will they sell some in Q1 to generate cash? Not sure but happy to see the proce of gold increasing.

They did explore taking on a £5m CLN a few months back to fund all the planned acquisition activities.

They aren't now needing to do that.

At present rate of gold production the stockpile should increase by a further 1000oz per month

They plan to double this output during 2022.

As the gold stockpiles build, cash generation in future by selling some inventory will be no issue here.

Also, take a look at what has been taking place in Turkey over the past month.

Turkey is Buying Up Gold From its Citizens to Protect the Turkish Lira amidst serious devaluation of its national currency, the Turkish Lira, Turkey’s central bank has announced the launch of an incentive scheme to pursue Turkish residents to convert their gold deposits and participation funds into lira time deposit accounts.

The Central Bank of the Republic of Turkey (TCMB) released a statement where it explained that their ‘offer’ was put in place “to support financial stability” in the country.

Turkey is currently experiencing a deep economic crisis which has led to surging prices in the country and a significant depreciation of the lira.

As a result of this, Turkish residents look for alternative stores of value like gold.

article From the Gold Observer

https://thegoldobserver.substack.com/p/german-central-bank-doesnt-rule-out?r=16jfi&utm_source=url

Very early stages

The individuals here have good track record

The jurisdiction is excellent

One for the watch list for me atm.

I hope the whole White Mountains debate is put to bed.

The stream sediments and rock chip results that were announced is extremely early stage, low tech, involving panning, pick axes and sample collection bags. Same as collecting 100's of soil samples over a set line spaced grid. This is all low cost effective pre drill work used to define potential drill targets.

There was never any drilling done at WM, a program was clearly being planned, but all the company focus shifted across to the acquisition of Red Setter and also Cottesloe given the Pattersons transformed into the 'hottest' exploration region globally after the Haverion discovery.

WSBN have approached Red Setter in a far more high tech fashion using the latest 3D geo magnetic surveys. They have also conducted soil samples, but given the thick Permian cover that needs to be drilled through I don't see soil samples providing accurate indications in this area of the Pattersons. All the delays the company faced due to the transfer of license, permits and lack of availability for rig crews is now also history.

It's all down to the drill core data now and what that reveals.

If its commercial grade gold. All bets are off.

GLA

From the Gold Observer

https://thegoldobserver.substack.com/p/german-central-bank-doesnt-rule-out?r=16jfi&utm_source=url

More Good News!!

Gold now $1900/oz on the ASK.

JP Morgan expecting $2150 to be seen.

"As from this month TKGM will recommence the Project development activities that were suspended in 2021 as a precautionary measure due to the security situation.

Activities will include preparation of new host lands for resettling households and also accommodation for construction personnel."

All coming together nicely now.

Look at my comments over on the Cobra bb (another Gold junior)

It's done nearly 150% in the space of a week.

Everyone scratching their heads over there for not loading up big time on the lows.

I like to load up on the lows, took some more here today and will be back in for a lot more next week

BTW.. excellent post by Appletree1 regarding the Macro environment. Couldn't agree more. Hence why I'm positioning heavily into Gold.

Everyone said that about WSBN when we were 1-2p range

Go back and check the frankly liabellous comments being made about this company and CEO back then.

Still 10 x bagged... and some still make these comments as they missed the boat.

Same situation at PREM, was said to be the biggest turd on AIM at 0.05p

Still 10 x bagged - and plenty still call it a turd..lol.

Same at UFO - literally could not give the shares away at 0.07p no one wanted it.

Didn't stop it nearly 30 x bagging at one stage.

Timing is everything, especially when picking companies up on the lows, when WSBN did a 100-1 share conversion anyone holding previously was diluted to oblivion.

I ignored all the noise, bought some here and have turned £20k into £200k

Probably why I have no issues with WSBN.

I never let emotional comments get in the way of opportunity.

What TimberTrader is stating is 100% correct

We have no influence over the time it takes for the assay to go through the labs, both GGP and UFO had submitted samples ahead of WSBN and are still waiting so they will get their results before we see ours and Bill at UFO stated at a presentation he did last night that they are probably a couple of weeks away from getting results back, so I'm prepared that we will probably be March before we see any RNS and there is no point blaming the company.

If they land sooner, it will be a nice surprise.

If anyone is bored waiting for results here, take a look at KEFI, it sold off massively last year due to the civil unrest in Ethiopia. The government has just announced they have lifted the state of emergency and are desperate to see the gold mine built out and the creation of 1000 jobs, the government is in the JV with Kefi and so are two major banks working on signing off the 300m funding for the mine construction.

They are presently priced not much more than WSBN, and hold 3 million oz of Gold under license 1.7m of which is in Ethiopia.

Since the announcement 48hrs ago, the SP has gone from almost zero trades to circa 80m traded volume and bounced of the low and should more back up quickly to where it was as local tensions continue to subside and the mine development gets back on track.

Some stale bulls in there due to the delays, but DYOR over the weekend as the government look to be driving this one now as they desperately need a export trade. So imo, its going to happen now.

There is a valuation on the asset of 12p/share and it's presently trading below 1p.

GLA

Meant to add that it's been good seeing KEFI's EPIC regularly flashing up and moving across the ticker live on CNBC today.

Interest in KEFI clearly growing of the back of these announcements.

I think the same as others, at the time it looked like they were going to go drilling at WM and there may well have been some other sediment samples that were un-newsworthy in comparison to the acquisition deal for red setter that presented itself and became the main focus so cash was diverted to getting that deal across the line and White Mountain was moved to the back burner for now.

Starting to get noticed now.

No doubt more will be checking in over the weekend to see the huge potential on offer here as the word spread that things are now progressing with the full support and backing of the Government and banks.

Looking like 1p+ will get taken down next week and once the 200DMA is crossed expect this to move up sharply.

GLA

At White mountains they reported some stream sediments and Rock chip samples, but never ever embarked on any drilling program at WM.

They simply did not drill at white mountains.

So there will be NO results to report from there.

They may have defined some drill targets, they might have planned to drill there, but the drill bit never got going over there.

Unlike at Red setter, where its on site and presently drilling.

Forget white mountains for now, we know all about the small former production Gold mines we also own, that's not going anywhere.

But right now, the company is looking to identify a significant new Gold/Copper discovery in the Patterson range.

Levi from the ops update RNS..

"- Operating costs of US$960/oz were achieved in the final quarter - marking a 3% reduction in operating costs of US$985/oz, achieved in September 2021.

- The Company completed the switching over of power supply at the processing plant from diesel power generation to national grid power. The transition is anticipated to provide major costs savings at Kilimapesa, estimated at US$100/oz at current production rates."

Looks good to me as with gold up near $1900/oz and operating costs to reduce further down to $885/oz that's leaving a clean profit of circa $1000 on every oz Caracal produces

Vs peers that's right up there!