Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
1.3 Million oz Gold @ Blyvoor Gold project
Plus.
The Imwelo Gold Project
Imwelo, located adjacent to Imweru and also holds the relevant environmental approvals and mining licence for Imwelo.
· The current, JORC code compliant, mineral resource for Imweru and Imwelo consists of:
11.6 Mt at a grade of 1.38 g/t for 515,110 oz Au and 4.7 Mt at 1.92 g/t for 291,600 oz Au respectively and probable reserve for Imwelo consists of 1.4 Mt at 2.2 g/t for 97,394 oz Au.
BLYVOOR GOLD TAILINGS PROJECT - Highlights
· Total project resource size of 1,410,000 oz gold consisting 500,000 oz gold in the measured category (35.5%), 368,000 oz gold in the indicated category (26.1%), and 542,000 oz gold in the inferred category
· TSF 6 and 7 was upgraded to Probable Reserve status containing 424,000 oz gold and 392,000 oz gold, respectively
· The mine plan includes 1,325,822 oz gold after applying a 2% dilution factor, a 95% Mine Call Factor, and accounting for 1% ore losses.
· The CPR demonstrates (before incorporation of the results of the recent metallurgical optimization work):
An unlevered Project Net Present Value ('NPV@7.9%') of US$ 114 million, a 33% Internal Rate of Return ('IRR') and a Return on Investment ('ROI') of 64%;
Thanks for sharing Napth.
Max - I'd personally like to see a new drill program at EH announcement together with a JV.
GLA
Yes it has Tro
Looks like GSCU style opportunity when that temporarily dipped to 0.85 and a certain well known resource investor got involved.
> GGP's Gervais Heddle loading up.✔️
> New CEO incoming... hmm wonder who that might be ✔️
> Connection to POW with Rick Rule and Saudi Investors involved ✔️
> Market cap now covered by cash £825k, plus Asset NAV's at many multiples, even before consideration of the Lake Victoria cash of 790k.✔️
> placing out the way ✔️
> Gold hitting all time highs ✔️
> Commodities supercycle on the way ✔️
Very compelling investment opportunity whilst SP is temporarily trading well below 'sum of parts valuation'
Fair value at multiples of present SP.
GLA
Just a strange situation here.
Keeps climbing back up on thin volumes, basically no sellers around atm so that's probably why
Still getting the big ramp :-)))
Big SP swing intra day on news mining licence award could be about to be RNS'd
SP pulling back and delayed trades from yesterday now showing
Guessing the BB might be a bit tense if the drop continues.
Often see it swing from emotional outbursts to wild exuberance.
Personally in the wider markets I'm waiting to see if it all kicks off in the middle east.
If it does and Markets tank, then "buy the sound of gun fire" is usually the thing to do, Especially for Gold but whether its buy immediately for wider stocks would remain to be seen.
Yeah, tend to agree, sometimes the pre placing move can be a powerful high risk trade.
Posters were screaming for a placing over on CMET and now its started rising, the traders are ploughing in. They even have a He1/TUN thread... lol.
Just not sure KEN has the Volume or fans atm based on historical data.
BTW.. CMET was another Earl stock pick that he ramped on the lows, then bailed after a week of zero movement......and now he has missed the rise.
Featured on the midweek Roast today.
https://audioboom.com/posts/8490717-midweek-takeaway-with-martyn-churchouse-geologist-from-kendrick-resources-and-charles-archer-lo
Think you were in here also Tro?
Are you back in Tro?
Or just keeping a watching brief as noticed you still on the BB and the SP ticked back up a little.
Difficult to fathom what's going on atm.
Yeah I was actually in here previously a couple of years ago and mentioned if on here when oil and gas prices were on a tear at that time and they were drilling into their Serenity field.
I do like the sweet spot of a producer generating sufficient free cash flow from existing operations that can fund from that cash the 'blue sky upside" of a juicy exploration drill prospect to attract all the traders without the risk of a placing
That why I'm still kicking myself about not picking up a few ZPHR shares when it was 2p :-((
First Majestic getting hammered today
Yep agreed mischief
UFO just continues to tick up
Up over 80% since that bear trap reversal at 0.12p
Now 0.22p
1.30 by May?
:-))
Good to see the MM's tick this one up on a bit of positive news. They are quick enough to move them down on a few trades so should work it the other way (which often they don't!!!)
Need to see more of this in the small cap space.
$28.82 / oz atm
Nice steady rises just fine.
$50 end of year?
Bout time Silver posted a mew ATH imo.
Just history repeating itself.
Won't be surprised to see it re-list on another exchange & under a different name in a few years.
Probaly Boom.... then bust all over again :-)))
.Noticed one or two in here over on QBT bb.
Not sure what is happening there but looks like the MM's have been offloading in a controlled fashion for the past few weeks.
The whole thing reminds me of Online Blockchain ahead of it's suspension and delisting.
The the posters were screaming for an update.
The auditor resigned and then a few weeks later on the nomad just called it a day..
Everyone lost everything
That OBC bb in it's final days reads a lot like QBT goings on imo.
https://www.lse.co.uk/ShareChat.html?ShareTicker=OBC&share=OBC.L
GLA