Member Info for Professor1

Great interview. I got the feeling that Ben is keeping a lot more information to his chest which he would have liked to share but he is playing his cards absolutely spot on and all will be revealed in time to come.

This looks like a project in a class of its own.

Dear oh dear - news anytime will lock out people.

Mickey / MEM

Agree. The chances are MB does talk to fellow colleagues from the mining industry in Australia so you never know - personally I quite like Newcrest as they have shown in the case of GGP that they can move fast. More importantly, Newcrest need to replenish their "Measured Resource" quick - no better way than forging a tie up where there is already a Jorc + Jorc equivalent established - PAT

JL

Because even the bears can't argue the story unfolding here!

Troj

Such disappointing results and they announce "the company is pleased to update shareholders"??????

Good morning all

The key, and MB knows this well, is to get a very very credible JV partner. Its a great move but MB has this opportunity to bring in a major partner. It adds weight that PAT means business before the PL is granted by the State Govt - and indeed if amicable discussions are going on as MB mentioned, it may well be one of the conditions imposed on PAT to get a serious JV partner in.

SP wise, when we get the PL, we cannot compare ourselves with GGP simply because the Jorc + Jorc equivalent resource is some 6.7 million ounces currently with 10 million talked about by PAT and on all that currently PAT has the right over it where as GGP has only some 1.5 m ounces with nearly 4 BILLION shares in issue.

I believe, once the JV is formed, the JV partner will have to pay a substantial sum to get into the JV and this is where MB has the upper hand as PAT can decide who to bring in with such vast resource already in the bag - its not that we are going to explore how much resource is there. This will command a very high premium from the partner to join into the JV- I believe that will initially have significant positive impact on our SP.

In MY VIEW, PAT seems to be the real JEWEL IN THE CROWN of all the junior gold mining companies out there even including OMI (who have yet to prove the resource even with 2 major in the JV). And, on this basis, I believe there is no point chasing "we are drill ready" RNSs from companies - Yes by all means have a well diversified portfolio - talking about which I am just recaping my knowledge on the Portfolio Theory and Capital Asset Pricing Model.

GLA and do your own research throughly before putting money into companies.

ST and all

Indeed. Just to disgrace slightly and apologies for that - are any of you in Kavango - listed on the main market. I am building up position there as I think the projects are excellent there. If you have not already seen, check out the videos on proactive.

Star - agree.

Mickey - agree. This is surely now poised for a takeoff one way only

Gosh - just seen this.

I may be wrong but what if its a very well to do Indian tycoon living in Singapore? Now that would be something!!!!!!
Just keep piling here and GLA.

Hi Keith / MM

I agree entirely with what you say. Some of those selling have possibly limited funds and are also attracted by the mention of "we are drill ready" by other explorers and so they sell and try to join the band wagon. -like the RNS put out today by Wishbone Gold.

I am going to keep buying at these prices and hold it for the next few years for I believe in all of the projects KAV has going.

By the way - your contribution here is very much appreciated so please keep posting.

GLA

Agree Mickey - Its the ultimate prize that we all now know that will materialise. The purchase of MMI shares was the the first move and my guess is it all culminated from the "amicable discussions" that MB and team are having with the State Govt. My own feeling is that one of the conditions that may have been talked about if the granting of the PL were to to be awarded would be to see this project accelerated with the involvement of a large partner - it won't be the likes of Newmont as they have finger in every pie and take years - take Omi as an example. My guess is the possibly the likes of Newcrest Mining, local partner and easy to negotiate and they don't hang about - take GGP for instance.

Some news soon.

GLA

Positioned to shoot up any day now with the JV news landing

Indeed Mickey.

The whole purpose of the new JV partner is to accelerate the project which is what the Indian Govt probably want as a condition. I will not be surprised if we get a BIG PLAYER partnering with us - just the prospect of a possible 10m ounces will make any big player want to have a JV with us.

Other projects will come good in time - will catch up on these again later.

GLA

I have been looking at Newcrest Mining's reserves table. They have:

1) Measured ounces - 4.7m ounces at an average of 1.3g per tonne

2) Indicated ounces - 93m ounces at an average of a mere 0.53g per tonne.

Two interesting observations here:

a) They only have 4.7m ounces measured ounces - the rest is only "indicated".

b) Within Indicated are:

(i) 32m ounces are at a mere 0.35g per tonne
(ii) Another 35m ounces are also at a mere 0.36g per tonne

Therefore, on our other projects, Bassalla and Bido, where we have hundreds of metres at just under 1g per tonne looks very promising and if we hit other targets within these two, things could change for PAT significantly.

GLA

Good morning Mickey, JL and all

I listened to that interview again which MB gave about Bhukia and he talks about India wanting to attract foreign investment in this area. It is more than likely that he is talking to one of the big players - could possibly be an Australian one as it would be easier doing a deal based in Australia - who knows but Newcrest Mining? Any JV with a big player would be big tick for the Indian Govt for the project acceleration.

One thing this time seems certain to me and that is Bhukia deal appears close. More share buying here for me at the current prices.

GLA

For anyone who still has any doubts, you really need to check out FENIX ORO and their drill results. Their mine lies not too far from Buritica and Omi.

GLA

Hi Bhargav

Good to see you back after long absence. What an opportunity to buy here more.

GLA

I am not sure if I have posted this before but a very good one to see.

https://www.kitco.com/news/video/show/Denver-Gold-Forum-2021/3628/2021-09-27/Pierre-Lassonde-is-betting-on-these-metals-A-renaissance-is-coming.

GLA

The question is which news will come out first - the grant of the PL or the formation of the new JV. I think it will not matter as the latter will be a likely indicator of the PL to follow.

Hi Mickey

Indeed and thanks.

Just letting my thoughts go deep into wonderland this lunchtime - I know I have said about the Govt of Rajasthan subsidiary being the likely candidate for the JV, BUT could it just happen, JUST, that the next Ace move by MB is to bring in the likes of Newmont into the JV - now that could bring in a lotta lotta dosh and accelerate the project like no business - who would not want to be your partner if the PL is in sight with the prospect of 10 million+ ounces.