Member Info for Sungam

I think we need money. We need a jv, buy in, deal of some sorts as we've found the gold

Lol. Do hold any shares?

Fascinating time leading up to news. Hope GH is talking to the majors.

Wonder how Newmont are feeling right now. Great results prove up their secret squirrel tech yet poses questions on their business methods and bad results ridicule their tech and again makes them the annual industry joke.

Just another business interest for him. He is good at spending

My thoughts exactly on Havieron drill miker444. Drill 3 was pretty decent too. Other drill locations will be more refined we hope. I assume an alignmen between these two drills?

Depth would be an issue i suppose but would be good to get a geologist opinion here

For when the results come http://www.mining.com/2017-gold-deposits-boasting-highest-grade-drill-intersects/

Absolutely agree on the major interest to monetise but the likelihood is surely pretty high. I would say the miners are watching and waiting for further drill results from GGP and Rio in proximity and probably others.

Timing of offers of any sort would be crucial as if good results come in the share price will move quickly and the price will increase. So do you approach before and take a gamble, midway through the GGP RNS bombardment due the end of this month or at the end when the risk is at its lowest but the queue at its longest.

If results are great I just hope we don't sell ourselves short.

(Any share purchase is speculation)

That 1,179,999 was definitely a buy!

A few posters were shouted down when questioning finance with "Fully funded to 2019" from the all knowing rampers on this board. I also seem to remember "contingency" being mentioned to cover this cost LOL. Still a holder but with a lot less respect for some Rampers on here.

Are AIM games months clearly!

Would this stop / hinder games? (17:25 20:35 in podcast) 3mins of your life

https://www.share-talk.com/share-news/paul-johnson-ex-non-executive-director-of-thor-mining-plc-aimthr/

Good comparison Dimvestor - Thanks for the link.
The exploration deal along these lines I think would have been hoped for back in January with Newmont for EG but maybe not with the 75% interest!

Antipa deal - $60m toward exploration for 75% interest in Citadel project (2013). Based on:

Antipa Minerals (ASX:AZY) has confirmed gold-copper mineralisation at Calibre prospect following the drilling of the third diamond hole at the Citadel project in Western Australia, which returned about 380 metres of unbroken mineralisation.

The Calibre mineralisation, after three diamond drill holes, is now confirmed across 160 metres of strike, down to a vertical depth below surface of over 420 metres and across a horizontal width of 280 metres, and open in all directions.

The second drill hole returned intersections including 75.70 metres at 0.73 grams per tonne gold, 0.42% copper, 1.35 g/t silver and 0.04% tungsten for a gold equivalent grade of 1.59 g/t or a copper equivalent grade of 1.05%.

The third diamond drillhole, which is the first to be completed as part of Phase 1, 2013 Calibre exploration programme, targeted the region beneath the second drillhole of stronger magnetic response which also hosts several downhole electromagnetic (DHEM) conductivity anomalies identified from the DHEM survey.

The three completed drillholes are located at the central but upper extremities of the very large Calibre magnetic anomaly, identified as approximately 800 metres long by 600 metres wide by 350 metres thick, using aeromagnetics.

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Havieron (Comparison)

600m x 600m across with a depth extent from 400m to 900m

Laboratory analytical results returned peak gold of 137.69g/t and copper to 4.11% (HAD001). Broad mineralised intercepts of 121m at 2.93g/t gold and 0.23% copper from 497m, including 11.5m at 21.23g/t gold and 0.67% copper from 568.5m were noted (HAD001), and 21m at 3.79g/t gold 0.44% copper from 418m (HAD003).

https://twitter.com/pauljohnson9691?lang=en

Why do we drill newtothisgame2? I thought it was to provide evidence, substantiate and quantify a discovery. The evidence so far is that there is a substantial amount of gold at our prospects. What is this worth to the mining company is more of a relevant question than the present sp.

Yep I think so too. Although, I still haven't quite been able to work out or seen any decent (Non-ramped) estimates to what the value of the sum of our prospects are. I believe this figure would be substantial so the total buyout I would think would be a lot higher.

Question is would you prefer a lot more money over 10 years through sales of individual prospects or the simplicity of a buyout in a shorter term.

I think I probably prefer long term as this GGP team is gold

Perhaps an outright sale is the potential suitors preference. I would say before releasing an RNS such as this, you would first contact potential interested parties informally to understand what is being sought deal wise.

I'm guessing the encouragement of 'bidding/making offers' is due to prior perceived interest.

Hopefully, less of the silly confidentiality, hush hush agreements we had last year

It is in £ not $

"The Company will continue to execute towards its strategy of maximising risk-adjusted return on shareholders' capital and, in this regard, will constantly seek opportunities to monetise its projects, whether through outright sale, joint venture or spin-out via an initial public offering"

I agree - this is just being played Aim style