The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
True Trek not a like for like, but it is interesting to say the least, they are valued 4 times higher than us. We do have other assets too not priced in. I do believe they are under valued too.
Looking forward to next week, news must be due. Then the MRE when it comes. Have a good day all.
Here’s the link…. We have more gold and look at the market cap compared to us.
https://www.mining.com/thor-reports-initial-resource-estimate-for-douta-gold-project/
Thor Explorations (TSXV: THX) announced Thursday it has released an initial NI 43-101 standard mineral resource estimate for the Makosa deposit, located in the southern portion of the Douta gold project in Senegal.
This resource estimate, which stood at 15.3 million tonnes grading 1.5 g/t Au for 730,000 oz of gold, is supported by a total of 35,728 metres of drilling. The resource is classified as inferred and is constrained within optimized pit shells.
The Makosa resource encompasses the Makosa, Makosa North and Makosa Tail zones, which all remain open along strike and down dip, and are expected to grow with ongoing drilling.
“The Makosa maiden resource estimate is the company’s first major milestone at the Douta project,” Segun Lawson, Thor’s CEO, said in a press release.
“The resource is the culmination of the first round of mostly wide-spaced exploration drilling conducted over a strike length of over 7 km. This provides for a solid growth platform for Thor following the greenfield discoveries of Makosa and Makosa Tail in 2018 and 2020 respectively,” he added.
The company is now focused on expanding the resource along the prospective corridor that runs along the full 30 km length of its exploration licence. Priority will be given to extensional drilling at Makosa North, where the mineralization remains open-ended towards the northeast.
Additionally, Thor revealed that exploration drilling at the Mansa prospect, located 5 km along strike from Makosa, resulted in encouraging drilling intersections, including 4m grading 3.11 g/t Au, 5m grading 1.75 g/t Au and 2m grading 10.65 g/t Au.
Shares of Thor Explorations rose 4.7% by 12:10 p.m. in Toronto, giving the West Africa-focused gold junior a market capitalization of C$203.3 million.
The market continues to give us no value for our battery metals, eventually we should see some value from them.
https://www.mining.com/bhp-sees-need-for-battery-metals-to-more-than-double-in-30-years/
Anther interesting article.
https://www.mining.com/lithium-prices-continue-to-rise-on-the-strength-of-the-chinese-market/
Very interesting read with our MRE just around the corner.
Wallbridge Mining (TSX: WM) has released a first resource estimate for its flagship Fenelon gold project and an updated resource estimate for its Martiniere project, both located in the Detour-Fenelon gold trend in northern Abitibi, Quebec.
Wallbridge’s president and CEO, Marz Kord, says the estimates demonstrate that Fenelon continues to grow from a small, high-grade deposit into a potential multi-million ounce deposit with an open pit and underground mine, while the updated resource estimate for Martiniere bolsters the company’s belief that it could also become a significant new gold deposit.
“These two gold deposits remain open in multiple directions laterally and at depth indicating significant potential for expansion,” Kord said in a press release. “Our next step is additional drilling to add to these resources prior to proceeding with an economic study and to identify new mineralization elsewhere on the Detour-Fenelon gold trend.”
Fenelon, 75 km northwest of Matagami, has an indicated open pit resource of 28.1 million tonnes grading 1.45 grams gold per tonne for 1.3 million oz. contained gold, and an inferred resource of 22.1 million tonnes grading 1.18 grams gold per tonne for 841,400 ounces. The project’s underground indicated resource stands at 7.9 million tonnes grading 3.23 grams gold per tonne for 819,300 oz. gold, with an inferred resource of 6.9 million tonnes grading 2.83 grams gold per tonne for 626,000 ounces.
At Martiniere, 30 km west of Fenelon, the updated indicated pit resource measures 6.6 million tonnes grading 2 grams gold per tonne for 422,800 ounces gold and the inferred resource is 1.4 million tonnes grading 1.81 grams gold per tonne for 81,900 ounces gold. The indicated underground resource at Martiniere is 957,500 tonnes grading 3.93 grams gold per tonne for 120,900 oz. gold and inferred resources stand at 1.4 million tonnes grading 3.95 grams gold per tonne for 174,300 ounces.
The resource estimate for Fenelon was based on 1,040 recent and historical holes totalling about 358,000 metres, including 650 holes (292,000 metres) that Wallbridge drilled since acquiring the property from Balmoral Resources in 2016. The updated estimate for Martiniere was based on 111 recent and historical drill holes totalling over 40,000 metres.
Wallbridge owns 100% of both projects.
“The resource estimate marks the first significant measure of the scale of Fenelon,” Andrew Mikitchook, an analyst at BMO Capital Markets, commented in a research note. “Overall we were expecting visibility on 2-5 million ounces of mineralization and the initial resource clearly approaches the upper limit of that range.”
At presstime Wallbridge was trading at C48¢ within a 52-week range of C47¢ to C92¢. The company has 817 million common shares outstanding for a market cap of C$388 million.
BMO’s Mikitchook has a target price on Wallbridge of C$1 per share and an outperform rating on
Found this Hope it helps. There’s plenty on the internet just google.
Directors can buy and sell shares in their own companies during periods when they are not aware of any information which the general public is not aware of which might cause the price to move. If they have such 'insider information,' they are not allowed to trade. ... Directors have insider knowledge at all times.
NTM They recently took options out as per below not sure if you are aware, they do have a considerable amount of shares. Not sure if we will see them adding any more.
Landore Resources Limited (AIM: LND) announces that on 20 July 2021 the Company issued a total of 2,200,000 options over new ordinary shares (the "Options") to certain Directors and employees of the Company, equating to 2.08% of the current issued share capital. The Options have an exercise price of 32.315 pence, being a 15% premium to the closing market price on 20 July 2021, and can be exercised for a period of five years from the date of grant.
We have plenty of nickel.
https://www.mining.com/chart-lagging-nickel-price-defies-aenemic-supply-pipeline/
Olderandwiser from 19mins re Mr sprott.
https://youtu.be/brFPUB-kvb4
Anyway moving on from NTM he’s obviously lost the plot.
It has been reported by the company we have funds to take us to June 2022 Fact. Mr Sprott has £4m worth of warrants he could exercise when we require funds and he could be asked to exercise them Fact. Mr Sprott will not sell them he is here for the end game. An offer could come anytime after the MRE and PEA and possibly during or after pre-feasibility study. Just to clarify.
We await news from the drilling, possible appointments, MRE and any other news.
NTM of course I’m bullish I would never deramp a stock I own or not own for that matter, especially when that stock should be priced higher. I state facts that I believe are true and usually follow it up with a link to back that up. I find it quiet funny you feel the need to post a reply to me saying I’m attempting some arrogance based bullying thats a first for me. FYI JH filtered me some time ago and I couldn’t resist my reply to him even though he can’t see it, especially when I believe he has sold. By the way NTM your posting is a bit erratic if we’re being critical to say the least, I will carry on posting in the same vain, looking forward to the MRE have a good day all.
It’s possible to get £167 an oz gold just like Mariana resources did in 2017 when gold was $1266 an oz they had 1Moz gold were not producing and that’s all they had. LND is a much superior company better jurisdiction, in fact one of the top 5 best postcodes in the world. Plus and amazing portfolio of assets worth a few £ Billion