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Fair point Iptuf. Though CEO's podcasts and the RNSs are generally very informative.. I'm sure management pick this post up. Lots of the directors own stock and then there's the gnomes of Bangkok. I'm sure they are pushing for accurate communication of updated facts..they do keep buying and buying. Anyway, more assays due in the next few days..
Let's see how we get on.
We're supposed to be getting the assays from the rest of Loflin this week... Time to pick a few more up it seems..
Tks to those who took the time to recapitulate the drilling results so far.. They really are good. 1. Over the next few months we'll get 2 new reserve estimates from Loflin and one from Jones Keystone 2. We're expecting drilling results from the rest of Loflin very soon, later this month. 3. Jones Keystone next month.
Once we get to 250k ounces of reserves, this is when the medium sized operators start to get interested, or so I understand, especially since its very close to or on the surface, so easy and cheap to mine. Open pit operation.
Remember Haile started this way. A group of anomalies that grew and grew and grew and was sold for 700 million US Dollars in 2015 when gold was 1200 dollars an ounce. That's about $200/oz. If we get to 500k OZ of reserves and conservatively apply the same valuations, we get to $100mn. That's 29p per share just at JKL. We also have more anomalies and these possibly join up with the existing discoveries. There's plenty of room for further upside...
Nothing announced but my guess is that they will do rock chip samples and trenching before they do drilling. Similar to Carolina belle.. Don't 4 get its pretty much virgin territory there.. But it's Jones Keystone and Loflin that is more exciting for now. New reserve estimates on the way.. My guess is that Jennings Pioneer will take priority as there has been lots of work done already in that area... Notably the Barite Hill mine next door.
Have to confess I'm surprised... Hopefully someone gets hold of this and pushes..
Well this should put a cat among the pigeons. Excellent showings, grades 60%better than the last Loflin results. Lots of infill and stepping out to so.. In the south, the ore body is 250m away from the original. If this doesn't get the price moving, nothing will. This means guaranteed increase in the JORC resource later. And we still have another 2 announcements to come, with 50m of sulphides to come.
Those who dumped the stock a little while ago will be kicking themselves..
Think slightly longer term Mr. Long. They dumped 750k shares as I recall on Friday... Each penny is therefore £7,500 quid.. That's cash better in my pocket than someone else.
As to whether we'll see 30g/tonne in JKL, well who knows, I'll just be happy with multiple, intersections of 20 to 50m each with grades averaging around a gram/ton. We're almost into "massive sulphide" areas with those types of grade...
So you reckon hitting gold in every hole is incompetence? On a property that has NEVER BEEN DRILLED B4? Frankly, the results look brilliant!! Take a look at the details b4 you say they're useless.
I'll bet the idiots who sold on frustration on Friday are kicking themselves today!! 1. So in all the holes in this batch of results they've hit gold at the first time of asking, this area has NEVER been drilled before!! 2. Grades up to 3.68gms/tonne. 3. It's very shallow. 4. The results are good enough for them to be planning a phase 2 campaign in due course...
And now we've got 3 more announcements to come, 1. Loflin South West, 2. Loflin North East and 3. Jones Keystone NE.. All of these are designed to step out our reserve and perhaps bring in 2 more maiden reserves... Bring it on guys.. Couldn't be happier, but await the remaining 3 sets of results with baited breath!!!!
Someone's just ****ed off with the delay on the assay. Have to confess, so am I. But no need to throw the baby out with the pram. Bloody hell, results probably our next monda!! They'll be kicking themselves.. Ahh well.
I think you and I go to the same broken record shop... Probably on Lexington Avenue, NYC...
Yes, the big trade was obviously a lunatic trying to "save money" with a commission free broker, that 678k shares or so was done outside the bid and, offer at the time. Rest looking good though. A buy is a buy is a buy... Maybe we're starting to move. Chart double bottom looking good now. Plus gold breakout. And 4 more assay results to come, Carolina belle, Loflin North, Loflin South and Jones Keystone.. If I were an MM, I wouldn't want to go into this caught short with my pants down...
Woww.. 50 metres of sulphides. Amazing this is turning into a procession of good news. The market will eventually wake up to this... There is no way that this stock should be trading at 3p..
Gold has now broken out of its pennant/wednge/flag formation objective 2600 dollars and ounce. Lexington looks like it has made a double bottom.. Charts are all looking good.. Icing on the cake will be the assay announcements due any time now... Exciting..
Well well. Looking good!!
1. Drilled 2 extra holes in the extension anomaly
2. Presumably becoz they were picking up sulphides with alteration.
3. More than 25m thickness. Music to our ears.
4. Only just finished drilling and sent to the Nevada lab which hopefully will turn things around faster than the fools at SGS in Vancouver.
5. The aim of the extra holes is to grow the JORC compliant reserves. More music to the ears.
6. Now moving to Jones Keystone specifically to infill and check out a new anomaly with a view to getting a maiden reserve there too.
This is all beginning to stack up nicely. At least another 3 to four announcements to come over the next 4 to 6 weeks.. As I've been known to utter in the past... Fill yer boots..
They might regret not caring in a few days when more results come out... Hahahaha!!
Yes, the 1 year and 5 year charts show a beautiful pennant formation that has been building up since August 2020. Assume that the breakout is real for a minute and I can see $1000 upside from the recent lows just below 1700 an ounce. That takes us to $2700/oz. Sobering thought, the last 18 months was simply a consolidation within a longer term bull market...
The big longer term question is whether this new movement up will turn out to be the 3rd Elliot wave of the current bull market, or the 5th.. For me, the Jury's out on that one. Take a look at the 10 yeat chart and you'll see what I mean...
Good to be Conservative Iptuf.. Perseverance, as long as its not stubborn wrong headedness, is a grwt quality. Looks like the gnomes of Bangkok have got it too..
Have to confess, I am thinking the assay results will finish more like late March early April. They must still be drilling as they haven't said drilling is over yet. But that's fine.
The Carolina Belle results yesterday from drilling were good, but not stellar, they've proved 1. That it's not mined out and there is gold still in place 2. That the structure extended much further than the initial mining in the early 1900s. 3. There is another gold bearing layer above the known one, and its CLOSER to the surface!!! 4. Grades are as good as or better than JKL.
We've still got 21 holes to go from Carolina Belle, including the new anomaly, and all the work on JKL. I figure at least another four announcements. By then we'll have 2 JORC reserves, and hopefully a share price approaching 10p. And yes, we have a pretty much confirmed breakout from a huge descending wedge long term, flag short term.
What's not to like?
The charts are really looking interesting on this stock, we have a huge descending wedge formed from last year's 6.5 High, and more recently a flag... We shd be getting some assay results anytime now, if we break on the upside, the charts will look fab. And with lots of assays to come, this is looking like a potential multi bagger...
I'm hanging in and adding around here. But it's so thinly traded. Really difficult to get quantity.. At the right price!! Every picture tells a story.. Watch for a close above 3.5 on decent volume to confirm upside potential.