Member Info for Sanboy

Many bought in a few years back and have been stung. The board has reorganised since then and the company have admitted that the copper play is too big for them. They have refocussed attention on the gold which has 38 existing spoil heaps that need to be churned through from legacy mining. The dore bar was created from 4 tonne of the 12k tonne spoil heaps there. The company also stated that grav surveys had picked up anomalies from existing mineralised veins at MJ, so think there may be more there than expected. The company are also looking to develop Olympic and Rockhouse licenses this year too. Lots of work this year. I believe the SP will be significantly higher this year, but no predicting what can happen.

San

San

Lethal i have been holding for 6 months and don't intend to sell any, although i had to sell some yesterday for tax reasons (They will be getting rebought when finances adjust in my company). This could be a big year for 2021 as money in the bank to cover drill programmes at MJ and Olympic. They have completed their first pour from SPOIL heaps at MJ and we are awaiting update on size and purity of bar. They also have a data room open on their Copper play if a company wants to JV. If the company get a processing area sorted then they can extract and pour their own dore bars, which would be transformational. As i have mentioned before the success of this company will be down to the success of drilling and processing their own product, alongside external factors like Gold price. The MCAP is still under 10m, which if you look at other explorers on AIM, that is silly cheap. All IMO and DYOR

San

Setanta i get that as you have been holding for a lot longer than me so have experienced some inept leadership. At the moment since holding, Brian has hit the targets set out and has managed to time the placing and warrants quite well. Im happy that the focus has been on gold and not the copper, as I think that's going to take time and is far too big for this company right now. The tailings will help to develop those gold plays, along with the 2 million in the bank and the .30 warrants. Any investor who thinks the SP will sky rocket based on the output of the spoil heaps may need to reassess their investment here. In order for this SP to really motor it will need some good results and a JV to help extraction. I think the processing area will also be a game changer. Looking at other plays on AIM market and the MCAP valuation, this is currently undervalued. If drill results are encouraging then this will be incredibly undervalued.

San

Setanta evening. Its all dependent on the drill results to determine whether we become an important gold producer. If the drill results at MJ come back with high grades and low depth then we could be potentially sat on more than 1.5moz gold and a lot of Silver . Remember that we also have Olympic and Rock house that add to the potential value of the company. If the cluster of licenses come back with some good numbers then a JV for the complete licenses could be on the cards. The rise in commodity prices and the strategic change on majors to invest in smaller finds to take advantage of rising price could be significant. Its worth noting that many said the same about GGP 3 years ago and they hit gold. Its all about good management and luck

San

Herts there is. Send me a message on telegram sanboy1983

San

A great update again from Brian. Drilling to start in spring, but plenty to do before then. Get this grav plant up and running and we have some rock to churn through. Game change if we can get our own grav plant set up and doing it all in house. I like that they have a good understanding on where they want to drill at MJ. Anomalies beyond the known veins could be a nice surprise as mentioned previously. Strong hold for 2021

San

Herts spot on. 8 m MCAP on a company who have proved process of extraction from 4 tonnes is crazy. They have a further 12000 tonnes and confirmation on leaching process. All that and we still have to spend 2 million on drilling this year.

San

A good sign that the placing shares are gone now. Im hoping for a TR1 confirming this tomorrow. Blue skies ahead as the buy volume is strong here. The MCAP is still low for a gold producing company (Yes i know we have to prove this up to formally become a gold producer). Hopefully the bar comes back with some nice purity level and we can start to look at process area for the rest of the 12,000 tonnes (will need agreement to extend existing 900 tonne limit agreement). Lots to get excited about before drilling campaign starts in a few months. Cant wait to see what they find beyond the known mineralised area on Mineral Jackpot.... could be a nice surprise.

San

Delayed prints from yesterday 10 mil looks like a buy and 25million placing share. All being absorbed nicely

San

Alyhels thanks for the response. Always good to hear other side of the coin

San

Ayhels was wondering what your thoughts were on GWMO hitting their target? If i remember we had a chat on here going where you mentioned historical failings of targets. Do you feel that a change in strategy and board members has helped focus on achievable targets?

San

San

So 7 million is the valuation on
- Company completing first pour of silver and Gold from only 4 tonnes from their 38 spoil heaps at mineral Jackpot
- 2 million in the bank and fully funded for their drill programe
- A big copper play with data room available for JV
-Further development prospects this year at Rock House, Olympic and the anomalies at Mineral Jackpot

All this against the backdrop of commodity price increase

San

Im not expecting a GGP rise as that is an extraordinary case. I do however expect this share to be alot higher than 7m mcap...many multiples in fact

San

JV moved the share along with speed of drilling, big results and institutions buying up all the shares
San

I heard the same about GGP for over 3 years.

San

Lots of placing shares this morning. Expect a TR1 soon to confirm placing shares gone then it's the warrants to shift at 0.20 and 0.30

San

It needs analysis against the weight for purity. No point in telling you the size of the dore bar with no purity levels. Patients and we will find out once the analysis comes back. The most important thing as mentioned is the proof of process working. This company has a 7m mcap and have proved they can produce a dore bar from 4tonnes. Imagine leaching and grav process in place and bars being produced on a regular basis. Still think it's 7m mcap?

San

It really doesn't matter about the weight, it's that they have proved they can extract the silver and gold. It's fantastic news and will add a regular revenue stream once we tie up the process. Slow and steady wins the race

San

62k at full ask and SP held up well on placing sell off
San

Big delay prints coming through

San