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Teck bought out San Nicolas for $50 million for 21%.
Valuing the project (Deposit) at roughly $250million.
It is a world class deposit.
This journey is just starting.

If Donovan 2 is anything like San Nicolas then the share price will be something completely different.
First steps are to see that.
2nd is to try get a farm in if so.

Ticker is probably the best on the market.
But they have a now a Good CEO who is used to dealing with market caps 100x greater than current one in UFO.
An ex-miner.

https://www.eoas.ubc.ca/ubcgif/iag/casehist/sannic/geology/geol-frameset.htm

San Nicolás, owned by Teck Corporation and Western Copper Holdings Ltd., is an un-mined, volcanic hosted, massive sulphide deposit containing ore-grade copper and zinc with associated gold and silver. The reserve estimates are 72 million tonnes grading 1.4% copper and 2.27% zinc, making it the largest massive sulphide deposit yet discovered in Mexico, and a world class deposit.

A bit old but gives an indication of what Donovan 2 could be like.

Field mapping and sampling identified the presence
of pathfinder minerals, including anomalous values of copper and zinc which are
consistent with the presence of volcanogenic massive sulphide ("VMS")
mineralisation.

Entirely possible there is a buy order here.
All day 25k to buy at 0.13p.
That is £45
If there is interest in Donovan 2 and San Celso then you would be looking at much higher sp.

its the beginning of a journey.
importantly the man in charge is used to much larger projects and is an ex-miner.
this is capped at less than 900k.

It does look to me that a lot of stock that has been sold has also been taken up.
Not much available at 0.13p.
But dyor on that.
Rmp and 88e are having a horrific day

I think the only thing about online is the rate of returns which can be quite high.
Especially for women.
No question online will always do better than bricks and Mortar.
One another another note good to see 18p bid holding and buyers in the fray at higher level.
Lots of work to do and i'm actually hoping someone may bid here.

https://biv.com/article/2017/06/teck-buys-goldcorps-san-nicolas-stake-50m

With our licence close to san nicolas peter taylor will look to get this moving soon as possible.
We are capitalised at less than 900k so with interest you can see the upside from these levels.
Peter has been in $100million plus companies not one worth less than £1million.
Its all about generating that interest.

Up 25% today with some interest.
I don't think Peter Taylor will hang around for too long to get the ball rolling.

Absolutely.
I think Donovan 2 could potentially be a very exciting prospect.

Its the beginning of a journey here.
You only have to look at the two projects in particular to see why Peter has come on board.

Good to see some recovery in share price.
Some have bought heavily around the 30p mark.
personally have acquired a few around that level and now recently around the 15p mark.

Teck acquired the San Nicolas project from Goldcorp.
Goldcorp is good as precious metals its forte and Tech more so with base metals.
This has attracted Peter Taylor who is used to companies with a much higher market cap than one worth 600kish.
Huge difference.
Key is they believe in the two projects.

Very good rns from ggp this morning.
GGP grew from 0.06p a few years back so certainly a success story from those levels.
If Peter Taylor can build interest in the projects certainly tech resources are in this space and just around the corner.

Once the new CEO starts building interest in the two projects i think you could see a very different share price.
He is an ex-miner so will know the potential of both projects, one which is close to a world class project.
Give him a little time.

I think the point of the new ceo is to build both projects of Donovan 2 and San celso.
Build them up and de-risk at some point in the future.
The CEO believes in both projects as a he is akin to $100million plus companies rather than one worth 600k.

I think a lot of the free stock at these levels has already been taken up.
A lot will hinge on new ceo and their exciting Donovan 2 prospect.

I would add just for others that there needs to be some urgency in resolving this.
There is obviously a risk here hence if it falls further i will be buying no more.
All the best chaps.

Peel Hunt hold to sell.

Apart from the results it would explain the share price settling at these level. Once that has cleared then imho there could be a bounce perhaps up to 20p.

No more shares for me.