Member Info for ShareSleuth

Furthermore, if they did that, they could then go onto Mt Winter and either do the same there or have the funds to develop something themselves... and then there's the other two prospective well re-entries they're looking at.

Or alternatively, what could a project with an NPV of $1.6bn, once indicated, be sold to a major for, without the need for GEX to develop it?... all bearing-in-mind the current mcap of £10m of course.

I'm also really excited about the recent Cote d'Ivoire discoveries, as is Segun, which could turn out to be a few million extra ounces.

The reason is buying pressure.

GEX is the mother of all Helium plays, forget the rest... and only 10m market cap!

Just to contextualise the value here, the price of gold has risen $500 an ounce in the last two weeks (since 8th April), meaning that the surplus ore stockpile, which has already been mined and has a processing cost of possibly less than $500 an ounce, means that if it were processed today it would have a PROFIT of about $3,000 an ounce!

Bought a few more this morning as the value here is making Thor look ridiculously cheap now.

Some investors think GEX is highly speculative, whereas the reality is very different IMO.

At Hussar, which is their first drill, or should I say well re-entry, target, there is historical well log data indicating about 9% Helium, along with Hydrogen and Natural Gas - and that is before they reach the target reservoir.

Mt Winter, to all intents-and-purposes, looks very similar in terms of historical indications.

Both of these reservoirs are absolutely colossal in size.

A couple of other points to note are that these resources are all onshore and in a Tier 1 jurisdiction, so no massive capital expenditure to access them.

But the best bit for me, is when you realise that there are a number of Helium producers out there making a decent living out of tiny (by comparison) resources with around 1% Helium concentrations, this brings the potential economics here into sharper focus.

What this means in reality is they don't actually need massive flow rates to make this economical, however it they do have massive flow rates, which many are expecting, this could 10-bag very quickly... and possibly 100-bag over time; remember the prospective/expected resource is world-class in scale, and Helium is very valuable.

Results like these, in the current market, are nothing short of astonishing, and deserve a lot of publicity/attention... which hopefully they will receive.

I believe, from recent statements, that there's probably a fair bit of gold in the truckable near-mine satellite deposits - possibly a few years worth.

I always like to spot things I haven't seen before in RNSs - positive ones at least!

Under 'Segilola - Near-mine and regional drill target generation' theey stated:

'This geochemical sampling was mainly concentrated to the south of the Segilola Gold Mine, where we have identified several new targets which have returned highly anomalous results over significant strike lengths - Auger drilling and shallow core sampling programs remain ongoing, with the aim of testing selected geochemical anomalies.'

Whilst we've heard about some of these satellite deposits within trucking distance of the mine, they've never used language like 'highly anomalous over significant strike lengths' before, to the best of my knowledge.

Bismarck, I think the stockpiling of ore has been explained by Segun in the past.

They have been stockpiling slightly lower grade ore, preferring to prioritise the higher grade material through the plant. This makes sense at present while mining is in full-swing; make hay and all that!

He also stated that this stockpile, when processed would be very profitable ounces as there was little cost involved, with a very low AISC, for about a year's worth of production when they decide to process it at some point in the future.

I've bought some more this morning.

To me it makes little odds whether they were 9p or 10p, as you either believe in the potential or you don't.

Any positive news and they'll cost you a lot more!

Accumulated a few more today, risk-reward here is unbelievably favourable IMO.

Well, it's just gone over $3,300!

Anyone expecting Q1 results tomorrow?

Closed at 65c in Canada, equivalent to about 35.5p.

ART123 - "I hope that the award of Performance Shares is in lieu of salary for these 2 characters."

It is my understanding that "these 2 characters" are not drawing a salary.

It's also "these 2 characters" whose 5 years work leading up to today, we hope to make a lot of money from.

Also, if read the RTO admission document, these performance shares would not be a surprise to you.

Jw, The disparity between THX and SRB market caps is even more acute when you take the relative AISCs into account; SRB have half the production at approx twice the AISC that THX do... not to mention all the other massive prospects lining-up at THX!

Significant gold-in-soil anomalies are typically in the range of 10-50ppb, against background (non-significant) readings of 0-4ppb, depending on the underlying geology.