Member Info for Professor1

Hi DogstarTrader

Agree on Hunniford.
Good job I topped up a few days ago. One thing I really want to learn is Charting - was looking at few courses to choose from on Udemy (dont know if thats any good).

MP - no no no, I think the MM were waiting for me to logon.

Good morning DogstarTrader and all

Sound advice. Hopefully, the profit chasers will soon return here in anticipation of news.

Something is up

I would not be surprised to see that coming

Hi DogsTrader - have you tried playing chess against a computer? It takes all the other stress away and makes you focus on beating the damn computer (which I find just impossible).

MP - this looks very impressive. I will be very happy if we match Sadiola or Loulo.

Gist - Agree with your view.

The other beauty is that on our JV projects, we are 46.5 % holders, the same as other existing investors with the balance of 7% held by the drilling entity. This is unlike other companies I am invested in where 70% of the projects have been farmed our. The potential for the share price re-rate is much much higher with PAT. In addition, we have significant number of projects and within those projects, several targets.

e.g. Kalaka - up to 11 separate targets areas - some of which are huge
e.g. Bido - up to 8 targets - again some are huge

Hi Pollack / Mickey

Indeed Labola is going to be huge. Also, looking at the tweets on Bido, the grades are massive.

Hi Roger

The placing news has not been from the company so I would not take notice of any tweet - It could have been an agenda to drive the price down to buy cheap.

Hi Sherwood

I have a feeling that, due to commercial negotiations taking place on Bhukia with the Govt of Rajasthan, the management are unable to discuss about this. I understood in my telephone conversation with Mr Bolton that he would relay via RNS as soon as there is material news on this front.

However, share price down nearly 50% in just over a month and its not something to be pleased about.

Excellent post Mamba

I would add to this:

It is very likely that the intervening land between APTA and Guaimaral is also mineralised. If this is the case, this would form a long 7 KM corridor and this combined with Charrascala could potentially see us through a large resource OMI is aiming for.

https://mobile.twitter.com/PantheraPlc/status/1359141753345855499/photo/1

Bido Project - you dont see geochem results like this very often!
26,500ppb Au (26.5g/t Au)
-16,700ppb Au (16.7g/t Au)
-4,150ppb Au (4.15g/t Au)
-3,720ppb Au (3.72g/t Au)
-3,060ppb Au (3.06g/t Au)
-2,100ppb Au (2.1g/t Au)

Hi Rob

This is precisely the point PAT CEO was making in regards to the Bhukia project in India where it has 6.5m oz but potential of over 10m oz and on this basis he said that we could add a couple of zeros to the market cap on the conversion of the Reconnaisance Licence to Permitting Licence.

Hi Starbright

Perhaps I should have made it a bit clearer in my example. - I chose Buritica deliberately as an example to bring out the point what could be achieved with JUST 2M oz when the price of gold has significantly increased from $1200 in 2019 to $1800 now IF WE APPLIED 15% AS PER CONTINENTAL.

Mercedesman is spot on. This I think ( AND AS SHOWN BY GGP) demonstrates that as far as the company valuation is concerned, the NPV analysis used for project evaluation becomes irrelevant. Whats more important, is the PROFITABILITY NOW COMPARED TO TWO YEARS AGO and that is where the company's RETURN is relevant.

Sorry meant to say "MORE THAN ONE ZERO" i.e. a couple of zeros

Hi Geurillainvestor

I think you may be right and this may well fall under some international accounting standards dealing with farm-in agreements and one has to verify this.

In the words of PAT CEO, if we get the Bhukia RECONNAISANCE LICENCE CONVERTED TO PERMITTING LICENCE, which they recon has around 10 million resource, WE CAN ADD MORE THAN A COUPLE OF ZEROS to our market cap. PAT currently has a similar market cap to OMI.

Hi Starbright

Just catching up with the thread - A quick question - what was the basis of GGP's valuation of £1B please?

Many thanks for this Mickey.

I think we really have great projects and are in an enviable position with some 100% owned projects to complement our JV ones - even on these latter ones we have not given away lot of equity and thats really smart of Mr Bolton. Other companies have given away as much as 70% on their farm-in agreements. OMI, for instance do not have any 100% of their own projects.