Member Info for Shakeyerbooty

Excellent results with more assay results to come this month.Love the phrases 'materially expand' and 'significantly expand'.

At TP-3.2, soil sampling delivered strong results, including grades up to 6.4 g/t and continuous intervals of up to 32m above the cut-off grade in the trench TR-JG-25B area. Additional anomalous results were recorded in the TR-JG-28 and TR-JG-22 trench areas.

Excellent grades here.This looks like turning into a very profitable open-pit gold mine.

Today was the first time I can remember when warrants have been exercised that we've finished level.It even tried to go up towards the end.Hopefully bodes well.

Cleared.

The price isn't being kept at 7p. It went to 9p to buy this morning. Imo,it's just the placing overhang. Once cleated,this will rocket.

Https://www.northernminer.com/news/jpmorgan-sees-8000-gold-by-decade-end/1003887090/

17m shares traded so far today.Coupled with yesterdays volume,it wont take long until they're all washed through imo.

Around 58m I reckon.

HarChris-Just a small point,it's actually the 6th.

Exactly Watford-anyone who has done an ounce of research knows about the warrants and the poster advocated patience lol.The increased volume over the last 2 days will certainly have flushed a few more warrants out.I would expect another RNS in the next few days.

Bit of a change from your post at 12.10 hmm.

Around 58m left by my reckoning.Wont take long to get through them.This could be great timing.All warrants exercised just as drilling results come through.Nothing to stop the rise then.More & more investors are positioning themselves here just as warrants are running out.

I'd be extremely disappointed with 28p (£100m m/c) after all this time when it was valued at £450m 20 yrs ago.With the $1b PC contract there and apparently another £$15b to be invested,the overburden value and solar park,this would seriously undervalue what we've got.Just need that GL.

Tbcx-I know you meant 210k oz didn't you ? lol

Compared to the last week,there has to be something behind this 30% increase and increased volume.As they say,there's no smoke without fire.

If we get the high grade assay results that we're hoping for then we're well on the way to Paulo's stated target of 20,000 oz per annum production.Assuming a gold price of $5250 (expected to go higher) and an AISC of $1750 (high for a high grade open pit mine with excellent transport links),then we would be looking at an annual profit of $70m.Our 33.3% share would be $23.3m.Assuming we take up our option to increase our stake to 50.1% and taking a conservative p/e of say 5 and you can see where the double price share targets come from.

Vik-How long did it take for you to get a reply? I've e-mailed him and nada.

Now over $4700,climbing inevitably towards $5000 imo.The value of our current in-ground resource getting more valuable.We must be getting close to news now.

It seems that the Christmas season in Brazil extends until Kings Day (Jan 6th),so drilling activities should have resumed 9 days ago.We must be near the end now.

Probably more warrants vet (hopefully)

So,another 0.7% shares issued and the bar stewards knock us down 5%,ignoring the 50 grand going into the accounts.Longfell-I would say there are 65-70 million left that can be exercised within the next 18 months.I am working on the basis that all are exercised and there will be 770m shares in issue.With the price of gold and assuming we upgrade Jorc to at least 350,000 oz,I think a share price of 5p would be fair before we get the PEA and go into production.Great time to invest whilst warrants are suppressing price imo.