Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
GGP have had to raise $16 million to help fast track their mine with partner Newcrest. They have announced shares in the placement priced at 14.5p
Thank goodness we have free carry and have 2 majors doing our fast tracking for us.
Kemot you only have to look as far as our future JV junior mining partner Meridian Mining for a CEO that's worth his salt. Completely different leage.
Webbs the 90 day assumption of operations notice period was activated Sept 7th so will be up early December if not sooner.
Yes stop it Mapp. It's not funny anymore, boring and adds nothing to the debate
At the moment, five of the 20 largest mining companies in the world are already present in the national territory: BHP, Glencore, AngloAmerican, Newmont Gold Corp. and Zijin Mining Group. "The recent dynamism that mining companies with a presence in the country have had for their projects corroborates this potential," the aforementioned study outlines.
The Ministry of Mines and Energy has identified at least 33 strategic projects that can advance to more advanced stages of mining. Of this total, 25 are under exploration.
In the mining corridor with gold potential Segovia-Puerto Berrío, there are the projects: El Pescado, Nueva Granada, Gramalote, Segovia, Otú Centro and Mineros Aluvial.
On the Buriticá-Quinchía route the following are located: Guintar Nivirengo, Quebradona, Anzá, Quinchía Cumbre, Zancudo, Titiribí and Buriticá. There are also Guayabales, San Antonio, Miraflores and Marmato.
On the other hand, in the Acandí-Bagadó corridor identified with high gold potential are projects such as Bagadó, Volador, El Roble, Pantanos, Murindó, Urrao and Cómita.
It has been determined that a significant increase in mining production, especially gold and copper, will materialize in the coming years. The investments estimated by the Ministry of Mines and Energy would be in the order of US $ 5,000 million in the two-year horizon.
Other projects that are in the exploration stage are in the hands of companies such as Orosur Mining and Collective Mining. "They are making progress in exploratory activities that allow determining the magnitude of their mineral deposits for the development of future mining projects," the report states.
All of these opportunities arise when the price of commodities is in a high value phase. In addition to this scenario, the commitment that the world has acquired in the fight against climate change, there is an expectation for the growth of demand for some metallic minerals, which may exceed 500% in the coming decades.
The Minister of Mines and Energy, Diego Mesa, stressed that the knowledge of the mining potential in the national territory will be deepened
I have been passed this report about mining in Columbia where we get a mention. I've had to post in 2 parts due to its length.
At the moment, five of the 20 largest mining companies in the world are already present in the national territory: BHP, Glencore, AngloAmerican, Newmont Gold Corp. and Zijin Mining Group. Reuters photo
A new mining round with gold potential will soon be launched that will strengthen the diversification of the mining basket, a concern of the current Government and which also intends to insert the country on the map of the destination of foreign investment in this sector.
October 22, 2021, 11:07 a.m.
An intense mining activity in search of inserting the country on the map of the destination of foreign investment in this sector has been developed by the government through the Ministry of Mines and Energy.
A new mining round with gold potential will be launched soon, which will strengthen the diversification of the mining basket, a concern of the current government, as announced by the Minister of Mines and Energy, Diego Mesa, within the framework of the mining congress held in Cartagena.
Despite the difficulties faced by some companies that intend to start the process, investments and the search for minerals in the Colombian subsoil, “the exploitation of gold will continue to be a great opportunity for capital investment in Colombia due to the mineral potential that the country conserves. ”Says an official report.
All this statement is supported by the information offered by the 2020 Colombia metallogenic map, which shows the existence of polymetallic, gold and copper deposits.
With this information, the Ministry of Mines and Energy has characterized two gold mining corridors called "Segovia Puerto Berrío" and "Quinchía Buriticá", according to the study "Mining Exploration in Colombia".
Chicken Brad stated that he felt we were 2 years behind Greatland Gold.
PS in regards to debt funding, I wouldn't write off Graham's ability to pull this off as he has pulled off a few " miracles" already.
Although they may be using their own labs. I don't think they can release the results to the market as I thought the samples had to be independently verified. It will come in handy to use the info to direct future drilling though.
Not in a straight line but they do expect it to go up unlike the last few months
We must not forget that our tin partner Meridian Mining also has gold assets so I would not rule out a gold JV with them in future.
They seem to be hitting gold in Brazil right now. https://www.newswire.ca/news-releases/meridian-reports-high-grade-gold-intersection-of-26-7m-21-5g-t-au-862751298.html
The port of first gas is certainly a long way away but we have a good captain to keep us on course. It would appear the tides are turning in our favour slowly but surely.
Yes keep well put. The new captain has managed to steer us through choppy waters and the good ship positivity is now on course to first gas. There are however still a few barnacles (doomsayers) clinging to the rudder but hopefully they will drop off during our journey to the new world.
That article is nearly a year old.
Malkys blog is one thing but the quotes from Graham sounded very positive to me.
No amnesia I try not to get carried away even though there is great potential here. I do believe though that our true value is closer to 40 to 50p currently and could go higher given some favourable results. What I am confident of is that the SP will now begin to rise to reflect our value and grow as the asset is further proved.
Seingred last week you were telling us anyone who bought in the thirties couldn't bag yet that statement is as unsupportable as some of the claims you protest at.
I'm not going to slate your strategy of selling on the spikes as anyone who has done this during the last 12 months has made a nice profit. But deramping by telling investors they can not bag if bought in the thirties is just wrong.
Amnesia we know the game seingred is playing here. Deramping
Seingred stating the SP will be closer to 10p at the end of the year is one of the most ridiculous predictions made on this site.
A while back someone did some figures based on our mcap versus GGP. If we attained a similar resource to GGP and matched their mcap then our share price would be around £6. Based on these figures I would be more than happy if we attain a third of that as this would not be beyond the realms of possibility.