Gold Juniors

[SCHUMACHER]

KBL - CHECK THIS PRESENTATION OUT
http://www.proactiveinvestors.com.au/genera/files/companies/kbl_mining_proactive_spotlight_ceo_investor_sessio ns_may_2016.pdf

[Stock Rooster]

A cheeky 30% on the first day in VML.... Hopefully get a 10 bagger out of this one or more if Gold keeps going and Tungsten also moves up... Interest is building in the junior gold miners with some other juniors moving quickly up to 100 million market caps off low bases...

I am used to buying / accumulating and not selling so an ideal outcome for me would be just to buy and sit tight in all my new positions while gold goes on a 2-3 year bull run

[SCHUMACHER]

A cheeky 30% on the first day in VML.... Hopefully get a 10 bagger out of this one or more if Gold keeps going and Tungsten also moves up... Interest is building in the junior gold miners with some other juniors moving quickly up to 100 million market caps off low bases...

I am used to buying / accumulating and not selling so an ideal outcome for me would be just to buy and sit tight in all my new positions while gold goes on a 2-3 year bull run

well done -Stockrooster im also very happy with VML and justifIably so - one for me to hold and wait - Tungsten is out of favour and GOLD is the current strategy and value - hence market pricing it at 2.5c - we need tungsten to go up dramatically so willl have to wait for that one - onwards with the drilling in Africa :)

i also bought KBL today at open - turnaround story for a gold and silver producer and way undervalued and they also have a MASSIVE silver deposit which they have mining approvals for :)

[Aotea]

One gold micro that is due for some love is CAV...talk about the ugly duckling.

[SCHUMACHER]

One gold micro that is due for some love is CAV...talk about the ugly duckling.

CAV is not a producer Aotea
KBL is producing GOLD/SILVER and well under radar with low low market cap

looks like CAV have no cashflow - just looked at quarterly - KBL generated over $7 million EBITDA last QR :)


KBL - CHECK THIS PRESENTATION OUT !- i picked up 2.5 million shares today at .006 :D
http://www.proactiveinvestors.com.au...s_may_2016.pdf

[Aotea]

CAV is not a producer Aotea
KBL is producing GOLD/SILVER and well under radar with low low market cap

looks like CAV have no cashflow - just looked at quarterly - KBL generated over $7 million EBITDA last QR :)


KBL - CHECK THIS PRESENTATION OUT !- i picked up 2.5 million shares today at .006 :D
http://www.proactiveinvestors.com.au...s_may_2016.pdf

oh for sure, CAV is a mere pipe-dream for now...problem is i bought into it

[JBmurc]

oh for sure, CAV is a mere pipe-dream for now...problem is i bought into it

Yes I bit the bullet on CAV sold out in disgust back at much lower levels ...got pumped by lithium dream that from last look has gone by the wayside ...If I was you I'd be getting out asap... better off increasing your MKO holding IMHO .....wouldn't be surprised if MKO is working on another lease deal to take the plant to full 2.3mtpa capacity = 12-15mill p.a EBIT

[heisenberg]

ARK mines AHK worth a look

[JBmurc]

Picked up a few KBLO today at .003 ....ex price .005 AUG 18 ex date ... if silver does explode and we see it back around its mean ratio with gold 45:1 at current AUD gold price would see AUD silver @ $40oz ... the likes of KBL will do very well

[denpal]

ORR closed on the day's high at 55c, chart looks great but there is no volume available so it's for investors right now not traders. I hold these and mentioned them recently on this thread. Since I got in they've had great first drill results on their second project (apart from the main game gold project) which is nickel/copper at good grades and over a wide area.

KBL - I decided after checking out a number of announcements and write-ups that it's far too high risk for me, management is almost certainly not top tier and there are a number of issues including the CN's. Anyone know what the AISC is? And what is the achieved price per ounce for their sales? Just as a matter of interest.

[shasta]

ORR closed on the day's high at 55c, chart looks great but there is no volume available so it's for investors right now not traders. I hold these and mentioned them recently on this thread. Since I got in they've had great first drill results on their second project (apart from the main game gold project) which is nickel/copper at good grades and over a wide area.

KBL - I decided after checking out a number of announcements and write-ups that it's far too high risk for me, management is almost certainly not top tier and there are a number of issues including the CN's. Anyone know what the AISC is? And what is the achieved price per ounce for their sales? Just as a matter of interest.

Unit cost of production for the quarter was $1,299/oz Au (including Ag credits and
streaming costs). This is an increase of 18% from the March quarter (reported at
$1,097/oz). The increase in production costs are a direct result of the cracking in
the Pearse haul road in early June which has now been rectified. The unit cost of
production for the months of April and May averaged $909/oz Au (including Ag
credits and streaming costs), this is a decrease of 17% from the March quarter

[shasta]

Continued production from the Pearse Open Pit is expected to deliver some 7,500 ounces of gold and 100k
ounces of silver during the September quarter with 5,500 ounces of the gold derived from concentrate and
2,000 ounces of gold in bullion from the CIL plant.

Very coy with the sale prices but seems there production is back up to normal levels

[SCHUMACHER]

ORR closed on the day's high at 55c, chart looks great but there is no volume available so it's for investors right now not traders. I hold these and mentioned them recently on this thread. Since I got in they've had great first drill results on their second project (apart from the main game gold project) which is nickel/copper at good grades and over a wide area.

KBL - I decided after checking out a number of announcements and write-ups that it's far too high risk for me, management is almost certainly not top tier and there are a number of issues including the CN's. Anyone know what the AISC is? And what is the achieved price per ounce for their sales? Just as a matter of interest.

LOL KBL management dont need to be absolute top tier. to be fair they have turned the company around , now we need market to value it which is what all the recent coverage is all about - Greg Starr has turned around KBL fortunes since January and they have some outstanding assets, Mineral hill, Sorby hills (4.1 million ounces silver ) including a production processing plant with a $30 million spend over years - they will return to former glory and i will be holding a truckload- i think the problem is some have been burnt so they will be risk adverse however i see KBL as an opportunity - different strokes for different folks aye?

Their gold production is not hedged to my knowledge so at market prices - The total mine life of Mineral Hill exceeds 10 years and if KBL can continue to produce positive cash flow, will be in the area for some time yet.

so as gold increases so does their bottom line - as much as i like their GOLD - Silver would have to be one of their sharper plays with Sorby hills , Aussies largest silver deposit

I think all of the above underpins the rediculous market cap which will soon be back up 100% on todays close GLTU all the best Schu

cheers Schu :)

[denpal]

KBL - I don't like the description of "unit costs' I would like to know the industry standard AISC. I also want to know the achieved gold and silver price per ounce bearing in mind 73% is in concentrate form, so I can then see the margin.

[JBmurc]

I'm no expert on KBL ....as to my small spec purchase in the opts today ...but on the basics of what attracted me...at this early stage

-micro-cap only worth 8.2mill ....
-has own new upgraded CIL plant 350ktpa (only one for 80kms radius ...)
-Is a producer with large cash-flows to Mktcap....
-Silver exposure ... silver always outperforms in Gold bull markets ....it returns to the mean Ratio SILVER:GOLD 45 ...we will see $40oz+ AUD

Also -denpal I see in KBL last presentation(april) they give a est future AISC 900-1000oz AUD ..


Of course there is issues ..... creditors paid in shares recently(may keep a cap on SP for a time) ... eliminate of its 6 mill debt to keep creditors happy etc ...unproven new mgmt....poor results from old mgmt

High risk high reward....

[SCHUMACHER]

I'm no expert on KBL ....as to my small spec purchase in the opts today ...but on the basics of what attracted me...at this early stage

-micro-cap only worth 8.2mill ....
-has own new upgraded CIL plant 350ktpa (only one for 80kms radius ...)
-Is a producer with large cash-flows to Mktcap....
-Silver exposure ... silver always outperforms in Gold bull markets ....it returns to the mean Ratio SILVER:GOLD 45 ...we will see $40oz+ AUD

Also -denpal I see in KBL last presentation(april) they give a est future AISC 900-1000oz AUD ..


Of course there is issues ..... creditors paid in shares recently(may keep a cap on SP for a time) ... eliminate of its 6 mill debt to keep creditors happy etc ...unproven new mgmt....poor results from old mgmt

High risk high reward....

Pretty good summary JB

Think shareprice now underpinned by their future plans / gold price increases and recent placements at current levels should see a price appreciation when the pro's decide to move it higher

Denpal - thanks for your questions , its most certainly risk appetite but the rewards could be 100% + in a matter of days, weeks, or months and KBL actually made an EBITDA of over 4 million last quarter so with no more operational interruptions i think we should be looking rosey going forward- im all for turnaround stories as these sorts of issues can happpen in terms of slippages or flooding - it will be interesting to see what they do next with Sorby Hills Silver deposit as Mineral Hills will take care of itself now - they plan to continue to expand their GOLD exposure to generate more cash and pay back the debt which they state they will be debt free by end of this year so 4 months away - quite an accomplishment IMO

PS The upgraded CIL plant 350ktpa is a very good thing as KBL can generate additional revenue by accommodating other mining companies processing requirements - nice one IMO

Also, Feel free to discuss KBL on the thread i stated and ill try and bring updates on their progress as they come to hand - i will eventually make contact with company to get some further reassurances in terms of Sorby Hill and finacial projections 6 to 12 months out from now

cheers Schu

[Joshuatree]

Haven't enough time or energy to follow folks posts /ideas atm so sticking to my investments.

Snippet on Burey BYR

[SCHUMACHER]

Haven't enough time or energy to follow folks posts /ideas atm so sticking to my investments.

Snippet on Burey BRY

JT - Dyslexic ol' chap LOL
Dont you mean BYR ???

[Joshuatree]

Yes thanks; doing more and more of that sort of thing. Have cataracts which I'm going to have to do something about soon. Fred hollows foundation do them for a few $; specialists here cost $thousands,what a rort ; must be a cheaper way to do them.

[Stock Rooster]

Looking forward to a bit more action this week... Maybe a few more price sensitive announcements...

Gold and Gold mining juniors have held up well even as share indexes have raged higher after Brexit..

If they have held up this well they could really run if we see a 10% plus correction occur on the indexes and some genuine fear enter the market

[denpal]

SAU is worth a look, it is drilling now in S. Korea with largely government funded drilling. It is in a 50-50 JV gold mining open-pit operation with MLX with the expected net revenue over the next six months or so until the end of the mining campaign equating to the present MC.......well worth a good read of recent annoincements. I have some of these.

KBL - the more I read the more uneasy I get - seems like they have a very hard road ahead of them to achieve the treasured multi-bagger status for holders ahead of all future dilution ......I will follow this now as I want to see how it plays out. Of course my risk tolerance is fairly low these days so I won't be buying any.

ORR - I'm happy with them and will sit on these for a while and see what they come up with (the nickel/copper discovery drilling last week was pretty exciting in its own right I thought), I see more volume coming in over the last few days.

RVY - Located within 100km of ORR in Tanzania in the large Lake Victoria goldfield, Like ORR I'm happy to sit and wait until they discover a lot more. MC approx. $16M and they already have a shallow 1.2M oz JORC gold resource at around 1.2g/t which is expanding all the time. They also have extensive exploration licences in Angola, with first mover advantage (gold and rare earths).

[JBmurc]

Yes KBL is very high risk ...got to sort out their current debts issues with the bond holders needing to be paid out in FEB next year ...for sure dilution is coming ...but I do think much of the downside is priced into the SP ...so I wouldn't call it a strong buy ..but a hold wait and see how the next 6 months play out ..happy to hold my small spec holding ..

..KBL resolve the debt issues continue to produce at profitable levels add some good exploration results and they will be worth much more... being bullish on Silver breaking out to a much higher level along with gold will see the likes of KBL do very well with their near surface open pit soft ore projects

[penn]

Yet another cracking result from MOY. I feel this will be really Big. :t_up:

Millennium -strategy to grow mine life at its Nullagine project
continues to deliver outstanding results, with substantial highgrade
mineralisation intersected at the Little Wonder deposit.
Results include:
31 m @ 3.44 g/t Au from 29 m including 4 m @ 18.89 g/t Au
15 m @ 4.75 g/t Au from 55 m including 5 m @ 12.2 g/t Au
14 m @ 2.02 g/t Au from 37 m
7 m @ 5.98 g/t Au from 30 m including 5 m @ 7.28 g/t Au
25 m @ 1.52 g/t Au from 41 m
15 m @ 2.18 g/t Au from 51 m
Mineralisation now intersected over 850 m between and along
strike from a series of small, shallow open pits with higher grade
intercepts still open at depth !

[denpal]

ORR had a good day - scoping study released for the gold project, all looks as expected and they are starting the PFS straightaway. Average production 182k oz pa over 13 year LOM at AISC $US798/oz LOM. ORR is 25% at present. SP now 66c up 33% for the day which is a big spike and probably not sustainable right now.

[JBmurc]

ORR had a good day - scoping study released for the gold project, all looks as expected and they are starting the PFS straightaway. Average production 182k oz pa over 13 year LOM at AISC $US798/oz LOM. ORR is 25% at present. SP now 66c up 33% for the day which is a big spike and probably not sustainable right now.

Great work better than down 33% ....

[babymonster]

Got some ogc a few days ago, fingers crossed

[JBmurc]

20 Nov 2015 92197868 PGO PGO ORDINARY BUY 190,857 0.017000 18.14 0.00 0.00 3,262.71 25 Nov 2015

I see PGO is now trading @ 17c ....10 bagger ....was very hard to buy in any volume as you can see from this old trade

another I picked that I should have held onto ..

[SCHUMACHER]

20 Nov 2015 92197868 PGO PGO ORDINARY BUY 190,857 0.017000 18.14 0.00 0.00 3,262.71 25 Nov 2015

I see PGO is now trading @ 17c ....10 bagger ....was very hard to buy in any volume as you can see from this old trade

another I picked that I should have held

Ditto - cant be everywhere JB- i looked at it too, but took no action - just stared at it LOL

Harry hindsight once again

[muss1]

MOY today - wow. Any ideas?

[penn]

MOY today - wow. Any ideas?

Yeha! Up 23% today! I let a few go this afternoon, But no, except the excellent strike at little wonder on the 9th.
I did hear there was heavy trading of MOY on the Stuttgart exchange.
But the story is still great, and we can expect large extension to lom in Oct.
MK went past The golden horse, (RMS) I think tomorrow will bring a speeding ticket

[Stock Rooster]

Awesome day for MOY... Market cap is still very reasonable and this thing could run a long way still... If Gold keeps trending up and LOM goes big the sky is the limited...

Unfortunately my position is very modest as it took off after my first buy in the teens and I didn't want to chase it up (a hangover from my value investing roots where I have been successful averaging down or accumulating large positions before the move)...

Will have more capital next week to deploy and will probably look at GXY for a top up if it keeps falling..

[Joshuatree]

Out of the bunch of Aus producing goldies i bought on brexxit day, BLK has outperformed the others, now a double bagger.Mkt cap re $260 million.
High Grade Intercepts At Bulletin-BLK.AX (http://hotcopper.com.au/threads/2836196/)
BLK Presentation Diggers & Dealers August 2016-BLK.AX (http://hotcopper.com.au/threads/2826113/)
Matilda Gold Project Commissioning on Schedule-BLK.AX (http://hotcopper.com.au/threads/2835185/)

[penn]

Awesome day for MOY... Market cap is still very reasonable and this thing could run a long way still... If Gold keeps trending up and LOM goes big the sky is the limited...

Unfortunately my position is very modest as it took off after my first buy in the teens and I didn't want to chase it up (a hangover from my value investing roots where I have been successful averaging down or accumulating large positions before the move)...

Will have more capital next week to deploy and will probably look at GXY for a top up if it keeps falling..

I am with you there on the caution, stock Rooster, But with MOY I was just so impressed by the get-the-job-done management that I bought more after I first got some at 4.6c I sold that block today but will be holding tight to the rest as I suspect this may be the start of an attempted takeover.

[muss1]

MOY premarket indicates another big day. Surely we will hear something soon

[denpal]

ORR has had a big day, up 7.5% on strong volume against the ASX gold sector tanking at -5%.....

Anyone have a thought as to why the gold sector weakness today?

[penn]

ORR has had a big day, up 7.5% on strong volume against the ASX gold sector tanking at -5%.....

Anyone have a thought as to why the gold sector weakness today?

Gold getting back to it's up-trend, now. I have bought a few WPG this week. (up 17% so far today) Another nice under-the -radar-story. (please keep this to yourself while I accumulate more)
DYORIHANIWIATA

[denpal]

WPG - have just bought some, thanks for the heads-up Penn.

[penn]

WPG - this looks like a great story, have just bought some, thanks for the heads-up Penn.

Ended up 22% and got a 'speeding ticket' has completed cap raise, for deeper drilling, so... will /may re-trace, for a buying opportunity, I will be after more if we go back under 10c, who knows, 10c may be the new 'support' If I find a story I like I do not mind doubling down

[penn]

MOY premarket indicates another big day. Surely we will hear something soon
Yep there's the half year report, and all going nice and steady to plan, Market liked it.

[muss1]

Completely coincidentally entered WPG on Wednesday at open. Can't claim any TA timing, just coincided with when I had done my research. Was going to wait before topping up but my hand was forced yesterday so got in again at 10c. I figure if the story plays out the way I think it might there is no point worrying about a cent here and there...

[penn]

http://www.proactiveinvestors.com.a...-ltd-secures-cash-to-buy-gold-mine-70561.html (http://www.proactiveinvestors.com.au/companies/news/70561/wpg-resources-ltd-secures-cash-to-buy-gold-mine-70561.html)

More info from Proactive.

[denpal]

Completely coincidentally entered WPG on Wednesday at open. Can't claim any TA timing, just coincided with when I had done my research. Was going to wait before topping up but my hand was forced yesterday so got in again at 10c. I figure if the story plays out the way I think it might there is no point worrying about a cent here and there...

I got some more today at the closing auction, for 10c. I somehow jumped the 10c buyer queue by bidding 10.5c and managed to get them for 10c.

[JBmurc]

Right so you would be keeping IRC.asx on the watchlist now with Jon price , Grant Haywood ,peter hunt now on board

-----IRC up 23% today---- mmmmmm yeah add it to the list

RESOURCE EXTENSION DRILLING AT TEAL
AND PEYES FARM DELIVER PROMISING RESULTS
HIGHLIGHTS
 Highly encouraging 4m composite assays received from aircore and RC drilling 600m
south along strike from the Teal Gold Mine with mineralisation open in all directions
 Best results from the Peyes Farm prospect include:
 40m @ 1.06g/t Au from 20m
(including 8m @ 4.40g/t Au from 28m) – PFRC1616
 20m @ 1.10g/t Au from 20m
(including 4m @ 4.02g/t Au from 28m) – PFAC1615
 4m @ 3.35g/t Au from 36m – PFRC1617
 4m @ 5.25g/t Au from 76m – PFRC1643
 Results received from 58 holes out of the 73 hole program with remaining 4m
results and 1m single splits expected in the next 3-4 weeks1
 Over 2km of strike to the south of PRFR1643 remains untested
 The program has confirmed priority oxide open pit extension targets at Teal and
Peyes Farm with 5,000m of follow up RC drilling planned for September
 Teal deeps resource expansion drilling into the primary mineralisation at depth to
commence in the December Quarter
 Mine optimisation and metallurgical studies on the sulphide hosted primary
mineralisation at Teal commenced with potential processing options including the
Kanowna Belle Roaster (44km away) and KCGM’s ultra-fine grinding circuit (25km
away)
Intermin’s Managing Director, Mr Jon Price said the Teal and Peyes Farm project areas are
demonstrating significant potential for both oxide free milling ore beyond Teal Stage 1 and higher
grade primary sulphide mineralisation at depth

[denpal]

What a horrendous correction! And the AUD POG has hardly changed. Crazy stuff, sentiment. I hear Clive Maund has just called a rally from here in goldies, a short to medium term one.

[JBmurc]

http://www.mining.com/this-aussie-mi...lders-in-gold/


RSG holders of more than 5k shares with a perth mint account can have their divi paid in gold

[muss1]

Denpal - Shows how much gold is tied to the USD. USD goes up, AUD down, POG in AUD doesn't do much. People definitely see gold as a currency not a commodity. Nice time to top up. I've doubled down on WPG... Price of gold doesn't need to do anything for a rerate here I think...

[Joshuatree]

http://www.mining.com/this-aussie-mi...lders-in-gold/


RSG holders of more than 5k shares with a perth mint account can have their divi paid in gold

That would be so cool , sold mine a few weeks back unfort ,GRRR!

[muss1]

Nice update from WPG today. If gold sentiment turns around I think we could see this back up to 11c in no time. Either way at current (or lower) gold price this is going to churn out cash. Looking forward to a company update on production to confirm this.

[JBmurc]

MKO making announcement on Cockburn(Mt McClure) looks like MKO plan is to get more of their own feedstock to have BZW run full capacity
alongside EAR.asx and Bullseye feeding their 1.5mtpa ....

Putting Mt mcClure into the picture takes MKO resource base towards 500koz ..... and if they can get some drill results like other did in the past I can't see why they could grow another good size satellite pit .....


I see from the ann NAV produced at average grade of 1.8g/t ,,,,,(from the pit) .....now because of the size of plant recoveries etc no reason MKO plant BZW should produce 100koz of GOLD min .......using the current AUD Gold price gives gross cashflows of some 170mill ....

[denpal]

Topped up again today with WPG at 8c. Like the look of this, a lot. The correction has been purely sentiment driven, as the AUD POG and margins and outlook are essentially little changed from before this correction started. With oil now weakened again, that is a big operating cost well under control too.

My four gold juniors are WPG, ORR, SAU and RVY in that order of potential as I see it.

KBL - I see that holders are dark at the latest placement/conversion being at .001c due to the wording of the shareholder resolution.......I think what people didn't realize is that massive dilution has occurred instead of a hoped for rise in the share price, due to their precarious situation. Let's not forget WPG bought Challenger and the mill for $1M compared to a replacement cost of $100M, so the mill KBL has isn't worth much really, and doubly so if there isn't any decent ore to process.

[Joshuatree]

Good as Gold mate
My tax paying trading goldies are
Trading
VML ( two friends are into this so now its 3)
MKO
PDI
usual story , don't try this in rome and DYOr and be prepared for an illusion; bent spoon.

[Joshuatree]

FWIW (not much) my other Gold juniors are ,CAS (a dog with a wag) and holding BYR, WCN, Plus my larger producer developers (5). Goldies are re 10% + of my portfolio currently. ORR and WPG on my watch list and CDV options too CDVOA.

[shasta]

FWIW (not much) my other Gold juniors are ,CAS (a dog with a wag) and holding BYR, WCN, Plus my larger producer developers (5). Goldies are re 10% + of my portfolio currently. ORR and WPG on my watch list and CDV options too CDVOA.

Have had a closer look at BYR, talk about spending the money at the drill, they drilling the aSS outta Africa.

[Joshuatree]

CAS PDF (http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01775724) Spectacular 2,000 gm/tonne hits wag,wagwag

[heisenberg]

Cheers to everyone for their contributions to this thread. I've dropped into WPG and MSR. Could easily dabble in a few more if funds allowed at this stage.

Hope the upcoming gold boom pays off for us all.

H

[penn]

Moy, Moy! ---------------> 8 m @ 101.42 g/t Au from 21 m!
More than a hundred g/t and over
25feet thick!!!

Pay-dirt!

[Joshuatree]

Decided to take profits on MKO. The longer it takes for a decision re takeoff etc more risk in my mind. Also need to reduce risk a little for my own safety margin. I prob have too many spekkies is the other reason. Every which way , G'luck.

CAS good announcement .S/P dropping as a result of the discount for the SPP to instos and sophs(not me:)
Crusader Raises $8.5m in Oversubscribed Placement-CAS.AX (http://hotcopper.com.au/threads/2924765/) Slightly less longer term story here.

WCN 2 what i thought were good announcements
Significant gold anomalies identified at Comet Well-WCN.AX (http://hotcopper.com.au/threads/2917868/)

High grade drilling results. Visible gold, Aucu Gold Deposit-WCN.AX (http://hotcopper.com.au/threads/2924300/)

BYR Have set a sell price which if hit will be a multi bagger but may reconsider how many as more good results could cause more uplift.
Maiden Resource Drilling Underway on Giro Gold Project-BYR.AX (http://hotcopper.com.au/threads/2906954/)

[Stock Rooster]

MKO.... Trading Halt... Stand By

[Stock Rooster]

MKO.... Trading Halt... Stand By


EAR in identical halt... Could be another treatment contract or something more substantial

[Joshuatree]

Sa La Vie hope its good for holders.

[Joshuatree]

Research note on WCN current price $.009c T/P $.04c
http://wcminerals.com.au/content/uploads/2016/08/WCN-Initiation-20160810.pdf

[Aotea]

MKO.... Trading Halt... Stand By


Echo Resources, Metaliko Resources to merge; Breaker upsizes deal

Sarah Thompson
Anthony Macdonald
Joyce Moullakis
Two gold juniors exploring Western Australia's Yandal gold belt are set to announce a tie-up.
Echo Resources and Metaliko Resources both entered trading halts on Wednesday morning ahead of an announcement on a "material transaction".
Sources told Street Talk the companies would merge to combine their respective strengths in the historic gold region and accelerate a return to production.
Renowned prospector Mark Creasy proved the gold prospectively of the Yandal Belt in the mid-1980s, discovering the Jundee and Bronzewing deposits he later sold for $117 million dollars.

Metaliko picked up Bronzewing in 2014 for $4.8 million after the collapse of Navigator Resources.

The two juniors have history. Earlier this year a company controlled by Metaliko managing director Michael Ruane successfully moved to spill the board of Echo. Ruane was on Echo's board from February until May.
Since then, Echo has been fast tracking its Julius gold project, which lies about 75 kilometres north of Bronzewing, towards production.
A merger could see the Bronzewing plant restarted to process ore from Julius.
Elsewhere in mining, Breaker Resources has upsized its raising to $12.5 million.

As revealed by Street Talk on Tuesday, the gold explorer was seeking to raise $10 million at 50¢ a share with the help of Patersons Securities.
It's understood the deal received more than $40 million worth of demand.
Breaker shares have tripled since the start of the month, last trading at around 65¢.

[Joshuatree]

PDF (http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01783799) Merger 1 EAR share for every 2.5 MKO

[Stock Rooster]

Values MKO at 8.8 aussie cents??

[Joshuatree]

Hasn't set the mkt alight atp. Buyers @7.1c sellers 7.5c ,no sales.

[Joshuatree]

I was a bit early, 9c atm . Got 8.3c for my last shares.Missed a decent extra gain though.

[JBmurc]

Going from EAR sp works out to at least 10c per MKO ... If the bullseye lease is still to come add another couple of cents at least

[JBmurc]

Quite a laugh when you think about the numbers .....

once merged MKO holders will hold 50.4% of the new merged EAR ... so for giving up 49.6% of our assets- 2.3mtpa plant/Camp worth 80-100mill replacement value / MOU Lease agreement that would have seen upwards of 10mill spent on BZW refurb...plus lease income of many million pa 3yrs+

MKO -JORC resource 521koz 1.8g/t

Now EAR brings to the table JORC resource 325koz 1.6g/t and some great recent drilling results (handy timing?)

You do get the feeling this merger is much to benefit EAR position as a future Gold producer to then be sold to the highest bidder(package the assets together)

in turn really helping EAR major holders with also major MKO holdings ...MR etc

And if MKO was purely being run to benefit S/H driving the bullseye deal along with other toll treatments (own ore) would see a much higher SP to holders than half of the new group ....unless we have a Buyer in the wings wanting the package deal ?

[Joshuatree]

Taken profits on WCN too @ 1c. A sell i forgot id set. Thinking I've sold far too early on this one;still the money is in the tin.

[JBmurc]

NEW HIGH GRADE GOLD
INTERSECTED AT PEYES FARM
HIGHLIGHTS
 Drilling program completed at the 100% owned Peyes Farm prospect, 600m south of
the Teal gold mine and 11km from Kalgoorlie-Boulder1
 Latest drilling returns highly encouraging downhole intercepts up to 34g/t Au
including:
 15m @ 5.00g/t Au from 48m
(including 6m @ 10.89g/t Au from 49m) – PFRC1637
 7m @ 2.58g/t Au from 30m
(including 1m @ 16.00g/t Au from 30m) – PFAC1615
 5m @ 4.03g/t Au from 31m
(including 2m @ 6.14g/t Au from 33m) – PFAC1613
 8m @ 2.60g/t Au from 28m
(including 2m @ 4.85g/t Au from 28m – PFRC1616
 4m @ 3.96g/t Au from 38m
(including 2m @ 7.10g/t Au from 39m – PFRC1617
 Drilling intersected new high grade mineralisation west of the main Peyes Farm
IRC-ASX

Latest drilling from IRC... might buy a few




Shear (PFRC1637) and remains open in all directions
 Follow-up drilling at Peyes Farm and Teal to commence in the December Quarter as
part of an accelerated exploration program across the Company’s tenure in the
Kalgoorlie region
Commenting on the program Intermin’s Managing Director, Mr Jon Price said the Peyes Farm
prospect is showing potential to host very high grade mineralisation with very little modern
exploration along the 4km strike zone in the last 20 years.
“Like Teal, Peyes Farm has produced spectacular results from limited drilling on parallel structures
and confirms the gold system is completely open and occurs in multiple highly mineralised
structures demonstrating potential for significant Resource growth.
As part of our planned accelerated drilling program across all our 100% owned projects in the
Kalgoorlie region, extensions along strike and at depth at both Teal and Peyes Farm will be a key
focus along with our high priority targets on the Zuleika and Bardoc shear zones,” he added

[JBmurc]

Decided to sell a third of my MKO holding and go back to holding more than just a couple of companies
Purchased ATC and IRC ....






8341

[JBmurc]

Have now exited all of my MKO on not over confident on the merger being the best outcome for us MKO holders at this stage ..

Should still kick on longer term and may well enter again at the right price .(think once the merge goes though they will be raising cash to fund mining/exploration_ should see EAR trade downwards)...

Personal think the major holders will put the lot up for sale once a couple of Qtrs of Gold production has been achieved (late 2017-early 2018) so I don't think the true value of the MKO assets will truly be reached with EAR tag on ....

total funds from MKO will be diverse into _BUL,IRC,ATC,ELM ....huge upside in this lot

[JBmurc]

I think IRC will soon move well north >>>>

[babymonster]

I think IRC will soon move well north >>>>
What do you know?

[JBmurc]

What do you know?

Nothing more than what's been released ..which we see from these fundamentals if all goes to plan the SP won't be hanging around anywhere these levels during 2017(if not earlier)

... Why the SP hasn't moved up with decent bids of late (purchased 620k over last couple days sellers happy to come to me @ 10c ) think could well come about from the proposed merger of MKO-EAR as the Biggest holder ex MD is also a biggest holder of MKO and major holder of-EAR he of course really wants the merger to go ahead so he can get the merged company sold off (certainly put that across over the phone last conversation we had) I also see RWD has had selling pressure for nil reason of late as well ..... IMHO perfect time to build a position in a soon to be producer of Gold (via Toll treatment)

[Joshuatree]

FWIW (not much) my other Gold juniors are ,CAS (a dog with a wag) and holding BYR, WCN, Plus my larger producer developers (5). Goldies are re 10% + of my portfolio currently. ORR and WPG on my watch list and CDV options too CDVOA.

Sold some more BYR @ 7c (cost re 3c with brokerage). Drill results imminent; just covering myself here in case, still have re 150,000 left. free carrying with these riskier stocks is a great way to manage risk imo. aAcouple of other goldie specs i hold are either flat or down PDI (drill results disappointed:(. hence my managing risk more here. My producers have generally dropped back too atm.

[shasta]

BYR certainly got the drill bit running on overtime.

I sold out of AZM, still low market cap for a near term 90k/oz producer, LOM 7 years and gone into MLX, who are spinning out West Gold Resources with a current production of 200-250k+, moving to 400-450k within 2 years. As a pure gold play this should re-rate on listing.

[JBmurc]

Really it's a great time to get on board IRC esp while Mr 50k is happy to give his shares away cheap..

what I'm looking forward to driving the SP much higher -----------

-Gold production from the Teal Stage 1 open pit mine....GOLD !! this QTR

-the next drill programs at Teal and Peyes Farm(very likely we will see the toll treatment program go from much longer value adding 10mill+)

-Goongarrie Lady Resource could well be the next toll treated ore with EGS ...extra cash-flows adding more value.....

-IRC exploration Blister Dam, Baden Powell and the Janet Ivy South projects ...bring on the results

-EGS and IRC to execute a formal agreement in the next 60 days ....here's hoping this will go ahead with EGS spending upwards of 5.5mill with IRC still holding onto 35% of the project..
Now what will EGS find in Menzies and Goongarrie project areas sounds very underexplored

-then of course EVN will be drill our Binduli Gold Project spending upwards of 4.6mill over the next couple of qtrs ....IRC will still hold 30%

-–CASH ,,,another A$700,000 to be paid to Intermin on or before 31 December 2016 by BLK

-The large RICHMOND OIL SHALE-VANADIUM-MOLYBDENUM PROJECT will we see a J/V partner come on board in the near term ??

-LEHMANS GOLD JOINT VENTURE- SAR.asx (IRC-10% free-carried) will we get some exploration results from chip sampling this qtr?

-NANADIE WELL COPPER-NICKEL-PGE JOINT VENTURE with MTH.asx ---25% IRC once MTH spends 4mill

.....add in the 2.4mill in ASX investments 4.7mill cash and the market says it's worth 20.4mill LOL!!!!

[errantnoodle]

Hi JB what are your thoughts on EAR or PAN? I currently hold RMS and RSG since July 2015 and I am thinking of selling some to buy some other undervalued gold juniors, but not certain yet.

[Joshuatree]

CDV .Everyone got caught out there(with the below announcement); even the top experienced posters.Turns out to have a difficult expensive metallurgy with lower recovery rates to boot. About a dozen WOW posts turned to dismay as the s/p went from re 63c to 23c. Expensive lesson in a risky sector. Pure luck i didn't hold as i missed my buy price by a cent or so a while back:eek:
4 Million Ounce Maiden Resource at Namdini (http://hotcopper.com.au/threads/3022847/)

[babymonster]

IRC cost is pretty good... holding up pretty well giving all other gold stocks are in reds

[JBmurc]

Hi JB what are your thoughts on EAR or PAN? I currently hold RMS and RSG since July 2015 and I am thinking of selling some to buy some other undervalued gold juniors, but not certain yet.

From my experience in the sector it's going come down to your risk Vs Growth profile ....I've always been a fan of the local Aussie Gold producers ....but with the likes of RMS they have limited resource around 3yrs to go...so how this affect their 260mill market value will depend much on Gold reserve replacement and risks that go with it ....

. RSG is Billion + market value... major producer/reserves ....mostly African operations (Good long term BUY/HOLD but don't expect it to double anytime soon)

... EAR - PAN both explorers at this stage the latter of course once a nickel producer with operations on Care and Maintenance....

Once EAR merged with MKO will need much more capital... a Good Buy but not yet IMHO ....should be able to BUY in the teens (which I plan to do,,,,,)

like my post above I would recommend IRC.asx great value to Market value with near term kickers(100% return likely Short term) ....MD with proven record of discoverys Moz deposits ,,,,JV with majors ...

[Joshuatree]

Taken a PUNT on AWV Anova

Download Document 768.42KB (https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvFDZpi2 fCoVn%2Bv%2FZu6cAjSrnIHokXVhdlIg%2F1lg%3D%3D)

[denpal]

IRC cost is pretty good... holding up pretty well giving all other gold stocks are in reds

I'm not sure why people rate IRC given its lethargic history over many years and it's apparent inability to get properly going on projects. I know that companies with minority JV holdings do not see the value of those holdings fairly reflected in the MC. For me I prefer to go in on companies that own and develop 100% of their project. Time will tell.

I've gone in on WPG as an example, this company has bought out its JV partner so it's the opposite strategy really.

[Rawiri]

what are your thoughts on BRB? :)

[denpal]

I'm not sure why people rate IRC given its lethargic history over many years and it's apparent inability to get properly going on projects. I know that companies with minority JV holdings do not see the value of those holdings fairly reflected in the MC. For me I prefer to go in on companies that own and develop 100% of their project. Time will tell.

I've gone in on WPG as an example, this company has bought out its JV partner so it's the opposite strategy really.

I should add that as an ex-holder of RWD around 2006 to 2011 I found Dr Ruane to be very good at delineating resource and keeping companies going but not so good at creating shareholder wealth apart from the Jinka spin out which was brilliant for us holders. To be fair the GFC did not help, but even so he doesn't seem to be as commercially focused as some of the other junior miners who have achieved huge growth.

[Joshuatree]

Taken a PUNT on AWV Anova

Download Document 768.42KB (https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvFDZpi2 fCoVn%2Bv%2FZu6cAjSrnIHokXVhdlIg%2F1lg%3D%3D)

Trading halt re the permitting for the Big Springs project which from my info has been given the all go ahead to mine by the Nevada USDA forestry service.

[JBmurc]

I'm not sure why people rate IRC given its lethargic history over many years and it's apparent inability to get properly going on projects. I know that companies with minority JV holdings do not see the value of those holdings fairly reflected in the MC. For me I prefer to go in on companies that own and develop 100% of their project. Time will tell.

I've gone in on WPG as an example, this company has bought out its JV partner so it's the opposite strategy really.

Well we will see--(WPG sure have to get that AISC down)------- if JP hadn't taken over I certainly wouldn't have been as keen to buy as much as I have ......but then I have great trust in Jon Price-MD as I've found him to be a upfront guy that always returns emails,answers calls.... etc he certainly worked hard to drive PXG value till being stuffed around by J.V and Gold market crash.....

Now round IRC cash position ....(market value 22mill)

-As at 31 December 2016 we had 3.493m in the bank (+2.2mill in listed investments)
-$700k from Wiluna Calcine's have been received, after 31 December 2016. So it did not show up on the books.
-$430k is likely to be received by 13 February 2017 (60 days after the initial JV announcement)... quarterly indicates that they progressing.
-$2.15mill in exploration cost from TEAL (if all goes according to plan) will be received by the end of March 2017.... my estimates based on two months of production.
-$1.5mill worth of options (@7.5c) is likely to be struck by 1 July 2017....

Of course recently AXF J.V committing 6mill to the monster Richmond oil , vanadium and molybdenum 100% owned by IRC could well add another dimension outside the toll treatment Gold J.V profit style IRC want to head down >>>

IMHO IRC will blow 20c before mid year

[denpal]

Fair enough but I would rather stick to for example WPG whose AISC is high at $1618 but of course holders know that the newly started Tarcoola OP has AISC of $900 or so which will bring down the overall AISC significantly into solid profit. The high cost producers have the highest leverage to an increasing POG, especially if the AUD weakens this year as well.

[denpal]

ORR is worth a look IMO. The directors have a proven track record in OMC, MRU, EQN. OMC was my first uranium investment back in the day. They have a big gold JV resource in Tanzania and I suspect they will look to increase their share. They are consistently beating their timeline to decision to mine which is great. The stock is almost completely unknown.

[JBmurc]

Brilliant support for PGO.ASX

HIGHLIGHTS  Oversubscribed Placement raising $8.5 million (before costs)
 Proceeds to be used to progress the Coolgardie and Mount Bundy Gold Projects
 Primary welcomes new domestic and international institutions and sophisticated investors to its register Primary Gold Limited (ASX: PGO) is pleased to announce that it has received firm commitments to raise $8.5 million (before costs) via a placement of 121,428,572 ordinary shares at an issue price of $0.07 each (Placement). The Placement will be made to both new and existing domestic and international institutional and sophisticated investors, and the Company is pleased to welcome new investors to its register. Funds raised from the Placement will be used to progress the Company’s Coolgardie and Mount Bundy Gold Projects and for general working capital. The Placement has been undertaken by Patersons Securities Limited (“Patersons”) as Lead Manager and will be placed using the Company’s 15% and 10% placement capacities under Listing Rules 7.1 and 7.1A. The Company is not aware of any reason why the ASX would not allow trading in securities of the Company to recommence immediately.

[JBmurc]

Well now MKO is no more and EAR looks to the future.....a HOLD at best IMHO

....IMHO they really need the likes of a Bullseye J.V toll deal ..... would be a huge plus if they were throwing a heap of funds and ore feedstock (1mpta) to BZW

I don't see EAR being able to fund or even have the reserves any time soon to feed 2mtpa+ etc ...this or next year ...but would be happy to be wrong>>

some numbers>>>>>>>>>
At present EAR is valued @ $61.5mill AUD

with a total Initial JORC Mineral Reserve of 68koz @ 2.4g/t

As we know they will be going cap in hand for as much of the 12.5mill+ to get BZW running ore ....Now I can't wait to see who comes forward ...I remember one of the best deals I seen for a High risk micro-cap ramp up miner was BOK with trailstone ....but that went real pear shaped after BOK didn't hit the numbers they promised and S/H went from 19c per share to admin ...

then of course EAR will need around 5mill in upfront mining costs before seeing a cent in earnings (also debt raising ?).....but first they need to drill up some decent Mineral reserves....as last company I invested in they didn't and just tried to run of resources on tight funding .not long after with so called 2koz p.m au production.Trading halt.."ADMIN"

IMHO 2017 will be a maker breaker for EAR forget gold production ....best outcome will be some great exploration results to give EAR some decent ore to produce though the refurb BZW plant 2018-19 and toll treatment deal to help feed the beast ...

so cash burn will be high next 12-16months 1mill+ admin - 17.5mill+ refurb /mining strip etc ..2mill+ exploration work >>>>>

Happy to sit on the sidelines .....certain many hurdles to jump

[denpal]

RVY has a MC of $16M or so and over a million ounces of gold in Tanzania. It also has a very promising Rare Earth project in Angola with first mover advantage in the country. If you recall Andean Resources you will be pleased to see Geoff Gilmore involved. I've got some of these in the bottom drawer. Their website has a new research report out that makes for good reading especially the rare earth potential.

[JBmurc]

IRC investment in RWD just got a Big boost with RWD up 40% at one stage today on
LAKE DISAPPOINTMENT (LD) PROJECT
CONFIRMED AS A GLOBALLY SIGNIFICANT
TIER 1 SULPHATE OF POTASH DEPOSIT
LD Drainable Resource of 153Mt of SOP @ 11.35 Kg
SOP/m3 of brin

[denpal]

IRC investment in RWD just got a Big boost with RWD up 40% at one stage today on
LAKE DISAPPOINTMENT (LD) PROJECT
CONFIRMED AS A GLOBALLY SIGNIFICANT
TIER 1 SULPHATE OF POTASH DEPOSIT
LD Drainable Resource of 153Mt of SOP @ 11.35 Kg
SOP/m3 of brin

The size of the SOP resource at the lakes has never been an issue, it's the fact that getting it developed and into production will dilute it to the moon.

[Joshuatree]

Put some profits from RIR (cobalt) into GTE ( has some tenements next door)which has a whole suite of metal interests esp gold atm and not far from the bronzewing mill Download Document 6.38MB (https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC4w y9zhSZp%2BN8ke92GA%3D%3D)

[denpal]

ORR is going well, the chart shows a nice example of a completed inverse head and shoulders pattern. Best seen on a one year daily chart. This stock is completely under the radar and will re-rate as the timeline goals keep getting kicked ahead of schedule. Remember management are proven operators in Tanzania - EQN, OMC, MRU.

It's up 75% since the mid-December low and if gold keeps going we could be looking at some more gains to come this side of June. Indicators are positive as is volume.

I hold these and are one of my 2017 comp picks.

[JBmurc]

Fair enough but I would rather stick to for example WPG whose AISC is high at $1618 but of course holders know that the newly started Tarcoola OP has AISC of $900 or so which will bring down the overall AISC significantly into solid profit. The high cost producers have the highest leverage to an increasing POG, especially if the AUD weakens this year as well.

Some pain of late for the Goldies .....I see WPG down hard of late numbers should approve in the second half ..

Hoping IRC will finally get the toll treatment finalized and into production as the weather boom has put them back 6wks .... all up if they can have a profit of 8 mill before last qtr and add in some good exploration results my 20c target could well be reached and maybe passed by some if we have something great out news of the blue from the many JV ongoing ...

In talking with IRC Company sec the other day it does sound like EVN still want to hold onto the JV so should see some exploration started soon enough ...

[denpal]

Yes it's been a bad couple of weeks, but hopefully just normal volatility. XGD sector has had a great couple of days, the bounce could be underway now.

[JBmurc]

IRC broken through 12c resistance which has been an issue for several months ...has certainly been a major holders selling/capping 12c-11c... with largest volume this year last week I think we might well have taken him out of the picture ....and with all the announcements to come in the short term should well see IRC make an all time high past 16c>>> my mid year target still 20c+

[JBmurc]

BINDULI GOLD JOINT VENTURE DRILLING COMMENCES
HIGHLIGHTS
 Joint Venture partner Evolution Mining Ltd (ASX: EVN) has commenced a 3,500m drilling
program at the Binduli JV gold project
 Up to 67 aircore holes drilled to blade refusal are planned to confirm historic mineralisation
and explore for extensions
 Holes to test targets south and along strike of Intermin’s operating Teal gold mine and
interpreted controlling structures
 Drilling is expected to take up to 3 weeks to complete with results and follow-up plans to
be released as they come to hand
 Under the terms of the Binduli Joint Venture Agreement1
, Evolution can earn 70% of the
project by spending $4.6M over 5 years.

[Joshuatree]

GTE also good news with farm in by Sandfire PDF (http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01847398)

[Joshuatree]

And another GTE announcement PDF (http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01871723) Soils identify 9 km Gold trend

[JBmurc]

Good turn around for WPG today on Qtr report >> looks good buying for a bounce to the SPP ....if only the Gold price would kick on

[Joshuatree]

DRM (i bought recently) Mkt cap re $71 mill plus oppies etc. Eat your heart out NTL and no protestors on conservation land:).

DA VINCI DRILLING RETURNS 10.4m @ 45.2g/t Au AND 0.7% Cu
Da Vinci Drilling Returns 10.4m @ 45.2g/t Au and 0.7% Cu (https://hotcopper.com.au/threads/3631614/)
Intercept of 18.1m @ 65.3g/t Au and 0.4% Cu from Deflector (https://hotcopper.com.au/threads/3592161/)

[Elles]

DRM (i bought recently) Mkt cap re $71 mill plus oppies etc. Eat your heart out NTL and no protestors on conservation land:).

DA VINCI DRILLING RETURNS 10.4m @ 45.2g/t Au AND 0.7% Cu
Da Vinci Drilling Returns 10.4m @ 45.2g/t Au and 0.7% Cu (https://hotcopper.com.au/threads/3631614/)
Intercept of 18.1m @ 65.3g/t Au and 0.4% Cu from Deflector (https://hotcopper.com.au/threads/3592161/)

The chart looks like it's about time for some good news!

[Joshuatree]

Yeah been beaten up. Lessens risk somewhat but it all depends on the drill results which is a more risky strategy. DYOR

[JBmurc]

WA state Govt wanting to increase Taxes on Gold miners to affect 50 producers

http://www.perthnow.com.au/news/wa-budget-2017-gold-royalties-hiked-to-375-per-cent-from-25-per-cent/news-story/40f8c3ae71d7d42a3ddb2cb4d078cd89

[JBmurc]

http://www.intermin.com.au/wp/wp-content/uploads/2015/10/Intermin-Resources-ABID-Report-03Oct17-1.pdf


IRC SP sub 10c latest analyst valuation target 32-34c

[JBmurc]

https://smallcaps.com.au/primary-gold-start-commissioning-coolgardie-gold-project/

Disc- Holding PGO and wished I purchased more

[wizAlvin]

last hours for 2018 competition entries

[Joshuatree]

DRM (i bought recently) Mkt cap re $71 mill plus oppies etc. Eat your heart out NTL and no protestors on conservation land:).

DA VINCI DRILLING RETURNS 10.4m @ 45.2g/t Au AND 0.7% Cu
Da Vinci Drilling Returns 10.4m @ 45.2g/t Au and 0.7% Cu (https://hotcopper.com.au/threads/3631614/)
Intercept of 18.1m @ 65.3g/t Au and 0.4% Cu from Deflector (https://hotcopper.com.au/threads/3592161/)

Sold and reenteredat 22.5c a few days ago. Now 27c. AISC will be in the $800 area an oz soon.

[JBmurc]

IRC Holding up well @ 18c

[freebee]

IRC Holding up well @ 18c

Yes noticed IRC one of the few that didn't dive this week, in fact the only one on my watchlist (and portfolio!) not to drop, good positive sign

[JBmurc]

Yes the market hasn't pumped the same hot air as we see in so many cash-strapped jnrs in the sector ...$8.5mill in cash HUGE drilling program ongoing toll treatment going forward keeping the cash flowing and company out of our pockets you can see why holders are happy to kick back and watch it unfold >>>If the MD can replatcate his PXG exploration success in the similar location then the market value will follow ....so far the drill results have us with three very promising projects along with muti J/Vs 120mill+(50c+) looks possible this year IMHO

[Logen Ninefingers]

Yes the market hasn't pumped the same hot air as we see in so many cash-strapped jnrs in the sector ...$8.5mill in cash HUGE drilling program ongoing toll treatment going forward keeping the cash flowing and company out of our pockets you can see why holders are happy to kick back and watch it unfold >>>If the MD can replatcate his PXG exploration success in the similar location then the market value will follow ....so far the drill results have us with three very promising projects along with muti J/Vs 120mill+(50c+) looks possible this year IMHO

You still buying IRC JB, or now doing some profit taking?

More strong newsflow expected, seems to be quite a few happy to sell under 20 cents though.

[airedale]

http://quotes.ino.com/charting/history.png?s=FOREX_XAUUSDO&size=585&t=l&w=15&a=50&v=d12
The POG retraces to the 50 day moving average then bounces up from the MA. Usually a strong signal.

[Joshuatree]

Thanks for that, spot on. Good uplifts today for my Goldies, DRM being the best up 9% on open.

[JBmurc]

You still buying IRC JB, or now doing some profit taking?

More strong newsflow expected, seems to be quite a few happy to sell under 20 cents though.

no might sell a few mid-year if it reaches my target 40c+ SP ... think selling at these levels is very stupid with coming up
Coming Up:

-Drilling commencement and presentation at the RIU Conference
-Updated resources for the Anthill gold project and Richmond Vanadium project
-Metallurgical test work results from the Richmond Vanadium project
-Completion of Teal stage 1 and 2 and final reconciliations and financial results
-New drilling results from the 2018 program

[babymonster]

drm is going great recently, the ship might finally turn around.

[Joshuatree]

Gold still rising, just $4 off the high for a year, now $US1363.50 oz.

DRM looks great T/A wise too after a 2 year fall, its hitting a real sweet spot with AISC dropping into the $800 + an oz prob in the lowest cost zone for aus. Just hope a flood or serious mill failure etc doesn't bring it down yet again. Looking good for most producers atm and a rising tide will lift......... Rather be in a producer though atp.

[JBmurc]

My other holding PGO in Trading Halt(T/O offer merger coming ??) ..anyone else holding one of the most undervalued Gold shares on the ASX 2moz resource Vs 23mill market value

[Exodia]

Well done on predicting the T/O on PGO

[JBmurc]

IRC breaking out ...stale old holders running out of shares and we have major Ann’s coming near on weekly for the next month then the biggest Ann around Richmond Vanadium project is one of the worlds biggest going to be able to be commercial mined so 30c to 70-80c short term outlook imho

[shasta]

An under the radar company with a very promising gold project is APC, primarily a Potash explorer/developer, but have some tenements around GOR in the Yarmana district in WA, a very prospective area with little exploration until GOR found over 6m/oz.

A short term play for the drilling program this upcoming quarter, if GOR are spending some 20m greenfields exploration in the area, and APC drilling 23,000m any high grade results and this should fly. I see Yandal Investments also has a blocking stake in APC too.

https://stocknessmonster.com/announcements/apc.asx-6A873682/

GOR i expect to slowly incrementally rise as it nears production, APC could double + with a successful drilling program within the next quarter.

Disc - hold both GOR and APC

[JBmurc]

After some research today I purchased some WWI shares

Looks very good buying on 97 JORC if they can upgrade to latest JORC they could well command 10moz+ 2g/t gold resource ..not bad for a 15mill marketcap ... also in toll treatment earning 250k net cashflows per month in 50/50 deal over next 14months+ with upgrade in production from extra pits

https://westwitsmining.com/

Took up a few today would like to build a sizable holding

[Vagabond47]

Took a punt on BLK a while back.. today they announced quarterly results, which looked pretty good to me, and the market hammered them, shares down 18% and options down 28%. I think i have a lot to learn.

[JBmurc]

Took a punt on BLK a while back.. today they announced quarterly results, which looked pretty good to me, and the market hammered them, shares down 18% and options down 28%. I think i have a lot to learn.

well, hopefully, you got in at a much lower price ....BLK looks pretty solid from what I've heard and most likely is just a healthy blow off with profit takers stop losses overwhelming over stretched Buyers ...I wouldn't stress unless BLK results were rubbish

Same happen over at IRC we went from 9c to 24c on fundamental results with a spike to 30c then back down to 23-24 and last week on no news smashed down to 18.5c at one point ...and this is on the back of some pretty good results of late across operations... I now see the SP is firming and sellers retreating like I've seen a hundred times before....very likely IRC will trade much higher weeks ahead...as will BLK unless of course GOLD is crashing etc

Single most important aspect for many to learn is to drop the emotional effects of the SP movement and value change ..replaced with a more fundamental outlook aka is the company going where I predicted on results to date if yes then short-term movements are just noise without true backing action

[shasta]

well, hopefully, you got in at a much lower price ....BLK looks pretty solid from what I've heard and most likely is just a healthy blow off with profit takers stop losses overwhelming over stretched Buyers ...I wouldn't stress unless BLK results were rubbish

Same happen over at IRC we went from 9c to 24c on fundamental results with a spike to 30c then back down to 23-24 and last week on no news smashed down to 18.5c at one point ...and this is on the back of some pretty good results of late across operations... I now see the SP is firming and sellers retreating like I've seen a hundred times before....very likely IRC will trade much higher weeks ahead...as will BLK unless of course GOLD is crashing etc

Single most important aspect for many to learn is to drop the emotional effects of the SP movement and value change ..replaced with a more fundamental outlook aka is the company going where I predicted on results to date if yes then short-term movements are just noise without true backing action

Definitely, look at ARV i bought in at 7.5c, sold for a decent profit in 20's only to see it soar on hype to 50c, its now back around 16c.

APC announced a research report yesterday, target price for Hartleys 36c, APC closed last night at 10.5c.

Got to back your research and judgement, the market will do whatever it likes on the day...

[JBmurc]

Dear All

Please find below the link to our latest announcement, an update on our JVs and royalties.

Intermin has several JVs in place on 100% owned tenure in Western Australia and Queensland covering commodities including gold, vanadium, molybdenum, nickel, copper, zinc and PGEs. Collectively, our JV partners can earn - in up to 65%-75% on the projects by expending A$20m in total over the next 3-4 years.

All JV partners are actively advancing the projects with the exception of Evolution Mining who have elected to withdraw from the Binduli gold JV. Binduli now reverts 100% back to Intermin and drilling will commence in the current Quarter at the Coot, Crake, Darter and Honey Eater prospects.

AXF Vanadium have recently committed to the second expenditure commitment of A$5m to earn up to 75% of the exciting Richmond Vanadium project in Queensland. Metallurgical test work is ongoing in China with first results on ore pre-concentration expected in the current June Quarter.

EGS have commenced drilling at Menzies, Saracen and Mithril will commence drilling next Quarter of their respective JV areas at Lehmans Well and Nanadie Well.

In addition, we hold a A$0.50/t royalty over Norton Gold Fields Janet Ivy Mine and surrounding Mining Lease. First royalties were received last Quarter with over A$700,000 expected in 2018 from their treatment schedule.

As we focus on building a mid-tier gold business, our JVs provide shareholders with exposure to multi-commodities in several different regions and we will continue to support our quality JV partners and participate further as the projects advance.

To view the announcement, visit our website at www.intermin.com.au or click on the link below:

Click here to view announcement

Coming Up:
• New drilling results from the 2018 program at Teal
• Metallurgical test work results from the Richmond Vanadium project
• Completion of Teal stage 1 and 2 and final reconciliations and financial results
• Further drilling results from Teal and Anthill
• Goongarrie Lady Feasibility Study
• Resource updates from Teal

Regards,

Jon Price
Managing Director
INTERMIN RESOURCES LTD (ASX: IRC)

[JBmurc]

West Wits Mining (WWI) 2.5c
The gold minnow has taken a unique approach to the rush in the Pilbara to find the equivalent of South Africa’s Witwatersrand, a region that has produced 40 percent of the world’s gold.
True, West Wits has joined the throng pegging ground in the Pilbara, where watermelon seed nuggets lie waiting to be kicked with a Blundstone just below the surface.
But the company’s main pursuit of Witwatersrand mineralisation is in the actual Witwatersrand Basin, where it owns a producing open-cut project with a local partner.
As far as we can see, that makes West Wits the only ASX-listed stock with projects in the ‘real’ and ‘fake’ Witwatersrands.
Until recently, West Wits fortunes lay with a project in Irian Jaya (West Papua) called Derewo. While it’s still on the books, the venture stalled because of problems with the local partner, a common refrain for an Indonesian project.
West Wits’ Witwatersrand Basin Project (WBP) was mined by giant DRD Gold up until 2000, producing 41 million ounces at an average five grams a tonne gold over six conglomerate reefs.
But a sagging gold price and concerns about the post-apartheid political climate meant that DRD (as well as other majors) scurried elsewhere.
“They just opened the doors and ran, leaving 30,000 mine maps covered in owl poop,” says executive chairman Michael Quinert.
To date the open-cut phase has been a simple operation based on a contract miner and a toll treatment arrangement.
But it’s been a handy source of cash, generating $300,000 a month compared with the targeted $200,000-250,000 a month.
To supplement its current resource of 3.26 million tonnes West Wits has identified 17 open pit and underground targets, initially focusing on two.
West Wits also sits on two Pilbara projects, Tambina and Mt Cecelia which – you guessed it – “show similarity to the famous Witwatersrand gold deposits.”
Tambina has three granted mining licences and management is pondering a mining start up later in the year “once the geology team identifies suitable conglomerate-hosted targets”.
Meanwhile, investors can expect the small-scale South African stuff to fund the company for the next 12-15 months.
But the company is confident of finding more, citing an exploration target of 25,000-40,000 ounces. It harbours plans to be an eventual 100,000 ounce a year producer and we guess there’s nothing wrong with reaching for the stars.
While many miners have shunned South Africa because of its political and economic uncertainties, new Cyril Ramaphosa was sworn in without incident last month.
The Nelson Mandela associate is making the right noises to the business and mining community, although there a few nervous white farmers feeling less than comfortable and relaxed despite Peter Dutton’s pledge of support from across the seas.
While West Wits is generating useful cash, with production and cash flow in January and February in line with internal targets.
West Wits’ $10m market cap (including $2m of cash) looks cheap in comparison weith peers such as Stonewall Mining (SHJ), which has a three million ounce resource project in South Africa and is valued at $30m despite not yet being in production.
The king of the Pilbara stocks, Artemis Resources (ARV) is valued at $122m ahead of its plans to drill a super-deep hole of 3300 metres in its Balmoral tenement package.
This program is expected to provide clarity on the geology of the much-hyped Pilbara Witwatersrand story. In the meantime, the stock is in trading halt at the behest of the ASX.
Artemis and Canadian partner Novo Resources sparked the new-age Pilbara rush by finding ‘watermelon seed’ nuggets at its Purdy’s Reward project south of Karratha.

[Joshuatree]

Hows your Goldies going fellas? Many producers been tracking up nicely, DRM now following EVN and NST (not juniors)which had gone up much earlier. My explorer/ developers still in the hole though.Gold looks to be off a bottom on the 3/7 @ re $1238 oz. now US$1260 oz.

[JBmurc]

Not much love with my lot ...but I'm confident that will change over time and certainly before the years out...

[Vagabond47]

Waiting for quarterly results for BLK, hopefully this week, and hopefully kicks me back to where i bought in or above.

[Logen Ninefingers]

Not much love with my lot ...but I'm confident that will change over time and certainly before the years out...

http://www.abnnewswire.net/press/en/93783/Intermin-Resources-Limited-(ASX-IRC)-Excellent-Initial-Drilling-Results-from-Binduli-Gold-Project-93783.html

Perth, July 10, 2018 AEST (ABN Newswire) - Intermin Resources Limited (ASX:IRC) ("Intermin" or the "Company") is pleased to announce excellent initial reverse circulation ("RC") drilling results from the 100% owned Binduli gold project, located 9km west of Kalgoorlie-Boulder in the heart of the Western Australian goldfields (see Figure 1 in link below).

HIGHLIGHTS

- Initial resource drilling completed at the 100% owned Binduli gold project area, 9km west of Kalgoorlie in the Western Australian goldfields

- To date, assays have been received from 25 Reverse Circulation holes or approximately half of the current program

- Significant downhole intercepts received to date from the Crake prospect include(see Note 1, 2 below):

o 28m @ 3.30g/t Au from 56m including 4m @ 15.10g/t Au from 64m (BRC18020)

o 20m @ 4.57g/t Au from 68m including 8m @ 8.38g/t Au from 80m (BRC18043)

o 28m @ 2.43 g/t Au from 104m including 8m @ 5.87 g/t Au from 124m (BRC18024)

o 36m @ 1.19g/t Au from 52m (BRC18034)

o 4m @ 3.24g/t Au from 48m, 16m @ 1.24g/t Au from 76m and 4m @ 1.29g/t Au from 108m (BRC18027)

o 18m @ 1.75g/t Au from 72m (BRC18029)

o 16m @ 1.81 g/t Au from 32m (BRC18033)

- Results show significant gold mineralisation over a 250m strike length and remains open along strike and at depth

- The geology is dominated by a large porphyry intrusive with significant zones of high grade gold mineralisation at relatively shallow depths

- Crake one of five high priority prospects at Binduli that have had limited drilling and remain relatively untested at depth

- A total of 5,000m was planned within the project area with 1m splits and further assay results expected in July and August

- Follow up drilling planned for the September and December quarters

- Binduli now joins Teal, Anthill and Blister Dam as a key project area for resource expansion and testing for new discoveries

Commenting on the results of the Binduli program, Intermin Managing Director Mr Jon Price said:

"To be intersecting excellent width and grade at relatively shallow depths in our initial program at Crake is extremely encouraging and we look forward to receiving the remaining assays from the drilling program in coming weeks and compiling an initial resource model."

[JBmurc]

Yes yet another promising project for IRC thats now 4 major Gold projects that all have potential to be put into production>>

[JBmurc]

Enjoying going over the latest Analyst reports and roadhouse article

https://www.intermin.com.au/wp-cont...termin-Resources-ABID-Report-23-July-2018.pdf

https://www.intermin.com.au/wp-content/uploads/2018/07/Resources-Roadhouse-Research-Report.pdf

Some pieces I esp like>>>


"We believe the Anthill project has the potential to be in production in 2020. The completion of milestones towards the development of the project should create significant additional value"

“We are working to grow the business to where we want to see ourselves in 18 to 24 months, holding emerging mid-tier status producing 100,000 ounces per annum, with a four to five-year mine plan,” Price said.

"December quarter will be all about new discoveries at Blister Dam where the company will be drilling an area not drilled since the 1990s. “There are not a lot of drill holes below 80 metres and where we have started to put some tester holes we are already hitting some very good grades,”

“The 25,000 metres of drilling at Teal has indicated four multiple, parallel structures sitting within a six-kilometre strike window,” Price continued. “We now know this is a very big system, from which we expect a continuous flow of drilling results and Resource updates and mine planning as we look to understand how big this system is, particularly at depth.”

The management team is highly experienced in mining development and the exploration of gold projects. We believe the company is well placed for the successful development of its projects. Given due diligence and valuation estimations based on discounted cash flows, we believe that Intermin’s fair share value lies between AUD 0.454 and AUD 0.482.

Be more than happy to see 45-48c pre MAR19

[JBmurc]

Geez is bloodbath in the jnr-micro cap ASX Gold sectors while the AUD GOLD price is less that 10% off its all time 2011 highs ____work that one out !!!!!!!!!!!!!!!!!!!!!!!

[Joshuatree]

Yeah even my top ranked producers NST and EVN with Aus mines with GREAT margins have not escaped, its right across the board now , on my watch list anyway.Any exceptions out there?

[Joshuatree]

DRM

100,000oz Da Vinci High-Grade Resource (https://hotcopper.com.au/threads/4443428/)
These discoveries underpin Doray’s Target 1-5-1 strategic goal to deliver increased and sustained value for shareholders by:
 Increasing annual production to 100,000 ounces Au; Extending Deflector’s mine life to at least 5 years; and Reducing AISC to less than $1,000 per ounce Au.

[shasta]

Yeah even my top ranked producers NST and EVN with Aus mines with GREAT margins have not escaped, its right across the board now , on my watch list anyway.Any exceptions out there?

GOR seems to be holding up ok, wee bit of share price weakness but thats general market sentiment as opposed to anything else.

I'll buy back in towards year end as the development nears first production

[Logen Ninefingers]

Anyone here done their research on CHN?
- Drilling to start soon near Kirkland Lake's rich Fosterville mine in Bendigo
- Drilling to start in January 2019 on trend of multi-million oz deposits at project in Quebec
- Proposed capital return of 4 cents a share to shareholders which will still leave them with +$20 Million in kitty
- Vanadium project in QLD

[shasta]

Anyone here done their research on CHN?
- Drilling to start soon near Kirkland Lake's rich Fosterville mine in Bendigo
- Drilling to start in January 2019 on trend of multi-million oz deposits at project in Quebec
- Proposed capital return of 4 cents a share to shareholders which will still leave them with +$20 Million in kitty
- Vanadium project in QLD

Have held before, bit stumped at the capital return surely you would progress projects, extra drilling etc than give cash back. They also hold 10% of AUC:ASX.

Needs a discovery in Canada to get publicity/interest and on the radar, given the market ascribes little value to their projects.

[JBmurc]

Have held before, bit stumped at the capital return surely you would progress projects, extra drilling etc than give cash back. They also hold 10% of AUC:ASX.

Needs a discovery in Canada to get publicity/interest and on the radar, given the market ascribes little value to their projects.

Yes CHN Vanadium project next door to IRC's

[JBmurc]

Looks like IRC and MRP will merge more details to come early next week .. as I'm holding large IRC position I'm waiting with bated breath on the finer details .. I think it will be MRP to merge with IRC and will see MRP get 1 IRC share for every 1.5 MRP well thats my hope

[JBmurc]

AUD Gold $1785oz ... I see record highs during 2019 >>

My current Gold plays - IRC - WWI - EAR

IRC 13c sadly has really disappointed me SP wise and results just haven't really been good enough to spark any interest at all .... low volumes traded.. I really believe this should well change during 2019 on the back of lower AUD/USD and higher GOLD price ... low energy costs great time to start another toll treatment operation... the MD was talking up 1moz target end of the year we has been missed by some margin hasn't helped ...I have taken some profits of the table here to transfer into the other two I have invested in>>

WWI-Make or break 2019 I'm counting on the former ... Upside if we secure mining license over the whole project(mid year predicted) is HUGE 10x bagger potential but thats of course as Risks are very high being main asset is in South Africa... has some nice Pilbara land that is being surrounded by RIO land buy-up recently..trying to averaging down with another low ball purchase ... market value 7mill not much more than the average micro-cap exploration program like IRC for 2018

EAR-I just keep buying like NST has been .. all goes to plan will be producing GOLD bars 100koz pa target later in the year ...predicted free cashflow at current .... IMHO Buying EAR at current values is like when I was buying RMS @ 4-5c share .. I have the same gut feeling this will return huge share price upside

[wizAlvin]

ASZ 2019 competition closing in few hours

[JBmurc]

Really stoked with EAR was always a screaming buy ...just crossed 100% on recent 12c purchase ...(funds from NKP 9c sale)

I still see EAR heading past 30c on updated DFS + finance next couple of months ...

Did recently sell the BULK of my IRC long term holding as I just didn't see as much short term upside .. I now see IRC as a great BUY if they can secure FML 1.2mtpa plant and with the MRP merger should command 100mill market cap and be cheap at that ...still will wait to see how they plan on funding the 40mill they need to take the FML project ... could well drop on major CR

WWI -My high risk 10 bagger not doing much but as we heard from recent QTR report toll treatment grades lifting so should be seeing monthly profits thanks to new mine mgmt.... 8c close crazy 7mill marketcap if we can see profitable operations from 2Q and ML granted WWI will muti bag ...mgmt funded 80k of recent raise ..

My newest gold play CHN cashed up explorer with huge gold targets getting drilled at present ...quality mgmt...lowest risk explorer with such a lowEV

[Joshuatree]

Sold spekky explorers GTE for a loss and AMG for a profit. AMG could be a bit of fun for short term traders but its risk off for me atpit.
DRM hoping to double bag on this , not too far away, depends on the integration with SLR (and the Gold price of course).

[JBmurc]

Yes, end up taking some profits on another company and in turn buying up some CMM I agree a T/O or asset sale is coming soon with mgmt changes 12c+ ..

EAR looks to be over its breather and surged on Friday (much like the AUD Gold Price)

WWI make or break for many holders .. minor ML within the next month or watch it drop 20% or even further .. HUGE UPSIDE if they can finally turn toll production into $200k+ profit targets

IRC not much on the exploration front 2019 all about merging and buying FML Coolgardie project ....long term hold for me

CHN - shouldn't be much longer till exploration results are released ... some talk around Kirkland J/V which would be HUGE

AUD GOLD looking very positive with RBA talking about rate cuts will see the AUD/USD move past $ $2000oz

IMHO 2H19 will be ASX gold investor dream with many muti-baggers around the index

[Joshuatree]

DOH!:cursing::confused::sleep::angry:

In the last 9 days ive sold spekky explorers ive held for quite some time
GTE its now up 25% since i sold
AWV its jumped 77%
aMG its leapt 75%!

Gold has gone up .58% overnight and 1.61% in a week minus .41% in a month.

[JBmurc]

DOH!:cursing::confused::sleep::angry:

In the last 9 days ive sold spekky explorers ive held for quite some time
GTE its now up 25% since i sold
AWV its jumped 77%
aMG its leapt 75%!

Gold has gone up .58% overnight and 1.61% in a week minus .41% in a month.

Gutted and that's why I'm not selling while the Gold Bull is in the early stage of a muti-year run ... Buy n Hold or least trade into another Gold trade

[Joshuatree]

WCN ihold as reckless risky punt in the comp and have bought a little parcel.
It has 8 projects 100% owned
It has just announced a maiden Nickel cobalt resource Download Document 2.72MB (https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4Qq5w BaZt%2FR3ke92GA%3D%3D)

Has had a 1 for 1 rights issue @.005c plus free oppiesDownload Document 1.41MB (https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4ge1y hSZt%2FR3ke92GA%3D%3D)

Most of the dodgy management have been replaced
Kyrgyz gold and copper deposits:
– 484,000 Oz Gold (3Mt at 5.1 g/t gold) starting at surface and;
– 64,000 tonnes Copper (17.2Mt at 0.37% Copper) starting at surface– Substantial upside potential, multiple additional prospects

Mkt cap sub $3 million Plus oppies etc.
Sum of the parts, potentially int
Not a recco ,DYOR a reckless punt stock only imo.

[JBmurc]

Anyone following AMG ?

I see location wise AMG has Cannington largest silver mine in the world just to the South , The Giant Copper/Gold Mt Isa Mines to the West, Eloise Gold/Copper mine few km to the east, the great Glencore Ernest Henry Gold/Copper Mine to the North, and the Dugald River and Century Silver Lead Zinc mines a bit further North just to name a few.
In the middle we have Ausmex sharing a massive IOCG anomaly with Newcrest..

Just raised 7mill @ 12c ....

Just got in 12.2c ... looking forward to fast-tracked drill results

https://stockhead.com.au/resources/the-explorers-matt-morgan-on-how-ausmex-plans-to-hit-those-deep-company-making-iocg-hits/

[Joshuatree]

This is one of the goldies i bailed on(i wrote AMV by mistake) after owning a year plus, and it went up 100% within 2 days:scared:. Too pissed , stale and fatigued to look at it again , good luck, massive POTENTIAL ore body there.

[JBmurc]

This is one of the goldies i bailed on(i wrote AMV by mistake) after owning a year plus, and it went up 100% within 2 days:scared:. Too pissed , stale and fatigued to look at it again , good luck, massive POTENTIAL ore body there.

Think your be even more gutted if they 10x bag on drilling results 8.5 more BUYers than Sellers in the depth... I really like the look of the project and mgmt

[Joshuatree]

Nah ive moved on and my policy of only holding one reckless, hi risk gambling goldie is now on WCN fwiw.Really is throwaway money on these sortastocks

[JBmurc]

Yeah I've got my fill of High risk reward spec Gold plays .. only need one to really come off and I'll be a happy man

I see AMG has some impressive conductive structures under known histronic copper/gold mines similar scale and
mineralogy to Olympic Dam

[shasta]

Have picked up some CHN, their increased drilling programme around where KLA and CYL have found exceptionally high grade gold is too compelling to ignore.

Anyone looking for an active gold explorer, have a read of CYL presentations to see the "potential" CHN has.

Share price underpinned by their large amount of cash, encouraging when they haven't had a CR since 2011!

[JBmurc]

Have picked up some CHN, their increased drilling programme around where KLA and CYL have found exceptionally high grade gold is too compelling to ignore.

Anyone looking for an active gold explorer, have a read of CYL presentations to see the "potential" CHN has.

Share price underpinned by their large amount of cash, encouraging when they haven't had a CR since 2011!

Yes got a good size chunk of CHN Huge potential one of my 10-20x fold plays if they discover a mother lode

[Joshuatree]

NML has projects in that area too , has a lot lower market cap than CHN and also has a Kirkland as a shareholder .Victorian and NSW miners tend to have difficulty in getting permitting .

[JBmurc]

Another micro-cap Gold/Cu play purchase yesterday was into HMX 10mill Mrktcap HMX has strategic tenement positions in Two World Class
Mining Districts – Mt Isa Mineral Province and the Eastern Goldfields(right beside EAR Gold plant that today ann. looking into strategic investments locally)


Purchased the opts..HMXOD 3c ex price SEPT20 trying to buy more ....

great mgmt - ex. GOR 800mill Mktcap- founder Russel Davis + Ziggy the GEO that discovered Gruyere Gold Project

some great permits and recently signed up some yandel

[JBmurc]

Have picked up some CHN, their increased drilling programme around where KLA and CYL have found exceptionally high grade gold is too compelling to ignore.

Anyone looking for an active gold explorer, have a read of CYL presentations to see the "potential" CHN has.

Share price underpinned by their large amount of cash, encouraging when they haven't had a CR since 2011!

https://www.chalicegold.com/sites/default/files/2019-04/20190428%20-%20CXN%20-%20Initiation%20Report.pdf

Valuation:
Chalice represents an inexpensive call option on a major
discovery. With C$20.6M in cash resulting in an EV of only C$12.8M,
the company’s valuation does not reflect the value and upside potential
of its assets. With its strong balance sheet Chalice should be able to
make an initial discovery without further dilution, effectively providing
investors a low-cost call option on a major discovery. This could provide
significant upside for the share price (think 5x to 10x depending on
results). Upcoming Catalysts: 1) Drilling results from Pyramid Hill 2)
Results of comprehensive property wide targeting review at East
Cadillac

[JBmurc]

https://www.youtube.com/watch?v=Sf5rfnrqnLQ

AMG Big Target Big rewards in the ASX Gold space.... many more anns to come add in record high AUD Gold price 1870+ market fever could well be high

[Joshuatree]

Hope no-one got caught in this disaster, DCN
Download Document 359.77KB (https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4Ay0y xCZpPR3ke92GA%3D%3D)

[JBmurc]

Hope no-one got caught in this disaster, DCN
Download Document 359.77KB (https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4Ay0y xCZpPR3ke92GA%3D%3D)

And GCY has put a damper on the micro cap sector while AUD Gold trades at record highs

[Baa_Baa]

And GCY has put a damper on the micro cap sector while AUD Gold trades at record highs

Do they or any ASX gold producers sell their gold at $Aus or do they sell into the $USD market?

[JBmurc]

Do they or any ASX gold producers sell their gold at $Aus or do they sell into the $USD market?

They sell in their Local Currency generally ..you do have ASX Gold Shares that operate in other countries that use USD to report Gold costs and sales, etc but if their shares are listed on the ASX then their EPS will be converted back to AUD and give P/E

[Drew95]

I have been out of the gold arena for a long time but am looking to dip my toe back in the water again, based on the following observation from Colin Twiggs - "The latest rally in Gold reinforces my bearish outlook for equities. Gold and Treasuries are rising as investors seek a safe haven from the likely turmoil in equities." Can anyone please suggest what may be worth considering. Do others feel the same way??

[JBmurc]

I have been out of the gold arena for a long time but am looking to dip my toe back in the water again, based on the following observation from Colin Twiggs - "The latest rally in Gold reinforces my bearish outlook for equities. Gold and Treasuries are rising as investors seek a safe haven from the likely turmoil in equities." Can anyone please suggest what may be worth considering. Do others feel the same way??

Only have to look through this thread to see my favs currently

[shasta]

I have been out of the gold arena for a long time but am looking to dip my toe back in the water again, based on the following observation from Colin Twiggs - "The latest rally in Gold reinforces my bearish outlook for equities. Gold and Treasuries are rising as investors seek a safe haven from the likely turmoil in equities." Can anyone please suggest what may be worth considering. Do others feel the same way??

Depending on your preferences for Gold producers, or exploration/development companies?

Producers - the likes of EVN, NST, AGG, SBM, RSG, SAR, RMS, KLA, OGC, RED.

Others - GOR, CYL, NML, CHN, AZY, IRC, AUC, WWI, AZM, plus so many more already discussed on the thread.

Sovereign risk should always come to thinking too, do you want Australian based projects, Africa, Europe?

A few to look into, i've probably missed a heap of others too.

[Joshuatree]

SLR up 11.6 % today and 22% plus in the last week. Some great hits drilling and inclusion in a new index previously along with rising Gold price look to have done the trick after its merger with DRM.
Download Document 1.7MB (https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4A21z BWZs%2Ftrke92GA%3D%3D)

[JBmurc]

AUD Gold up $168 over the last 30days ... wish I had some free funds to buy more ASX Gold plays .. outside the majors and a few jnr/micro caps many still at record low prices Vs Resources .... WWI is worth less than $2 per JORC resource oz

[duncan22]

CMM worth a look - explorer turning producer. Previous takeover offer turned down at 11c.

[JBmurc]

CMM worth a look - explorer turning producer. Previous takeover offer turned down at 11c.

Yes CMM is in the portfolio along with CHN,AMG,HMX,EAR,WWI ....I only hold two companies that don't have AUD Gold exposure

[shasta]

Have IGO for exposure to a gold producer, although for their Nickel production mostly. CHN is my explorer, cashed up and very active drilling in 2 exciting regions.

Still have physical silver too, but looking beyond just resource companies too.

[JBmurc]

AMG in trading pause after a quick burst of buying on open... ann to come shallow HUGE Gold intersection ?

[Ninefingers]

AMG in trading pause after a quick burst of buying on open... ann to come shallow HUGE Gold intersection ?

Grades look alright, there is a lot of detail in that report. Still after the motherlode!

[JBmurc]

Enjoying CMM movements north 8c to 13c one of my bigger holdings .. good to see Mark Clark take control and a major raising of funds ... tempted to take some profits ,,, but volume and trend is so strong may well head even higher in the ST

[JBmurc]

Took profits on more than half of my CMM holding @ 15c today pretty stoked as my average was 7.4c (thanks to 6.5c rights)

Now just need some of the others to catch up ..

[NADZAB]

Any one got solid knowledge on OGC operation in Philippines recent standoff with government appears to be causing SP downward pressure. On scale of 1-10 thoughts on stress to company?

[Ninefingers]

AMG another few holes released, picture is building up nicely.

[JBmurc]

AMG another few holes released, a picture is building up nicely.

Yes looks primed for a strong run towards 20c on the right results we see higher grades over 50-100m widths at depth and it's going 10x bag

[Joshuatree]

NST offering 33c for the rest of EAR, congrats to any holders.

[JBmurc]

NST offering 33c for the rest of EAR, congrats to any holders.

Not taking that rubbish EAR was trading over than when AUD GOLD was only $1700oz

[Joshuatree]

WCN ihold as reckless risky punt in the comp and have bought a little parcel.
It has 8 projects 100% owned
It has just announced a maiden Nickel cobalt resource Download Document 2.72MB (https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4Qq5w BaZt%2FR3ke92GA%3D%3D)

Has had a 1 for 1 rights issue @.005c plus free oppiesDownload Document 1.41MB (https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4ge1y hSZt%2FR3ke92GA%3D%3D)

Most of the dodgy management have been replaced
Kyrgyz gold and copper deposits:
– 484,000 Oz Gold (3Mt at 5.1 g/t gold) starting at surface and;
– 64,000 tonnes Copper (17.2Mt at 0.37% Copper) starting at surface– Substantial upside potential, multiple additional prospects

Mkt cap sub $3 million Plus oppies etc.
Sum of the parts, potentially int
Not a recco ,DYOR a reckless punt stock only imo.





Well the annoucement after T/H proved to be POSITIVE!. Sale of an asset close to the companies whole mkt cap (s/p up re 17% since though). Clever how they get cash to develop/ explore their other assets and still maintain an indirect holding in AUCU gold /copper project through the RTG shares.

Download Document 391.46KB (https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD5wq9y BOZt%2FR3ke92GA%3D%3D)

[BobbyMorocco]

https://stockhead.com.au/resources/one-of-australias-top-gold-analysts-has-picked-his-next-winner-and-it-is/

Good write-up on one of my favourite stocks that I've held over the past couple of months - Bardoc Gold. Check out the chart and you'll see why it's been one of my favourites since jumping in on the breakout in July. I'm loving the positive momentum on expanding volume and hope this will continue now that one of Australia's top gold analysts has picked it as a winner.

BDC has the same executives that took Pilbara Minerals from 5c a share in 2015 to more than $1.00 less than three years later. They're starting to get some real traction here too without yet being the talk of the town. It's still very quiet on HC which I think is a good thing, despite them updating the market with news around drilling results and acquisitions nearly every week at the moment. I'm looking forward to the updated resources estimate due out within the next month or so. It sounds like it's going to be a goodie!

[Grapes]

I can't recall who it was here, but somebody was giving CWX a ramp. I went and had a look and ended up taking a position over the last couple of weeks at .14

I've tried to have a quick look back to see who it was to say thanks. The announcement today was terrific. This one has incredible potential.

Cheers.

-j

[JBmurc]

I can't recall who it was here, but somebody was giving CWX a ramp. I went and had a look and ended up taking a position over the last couple of weeks at .14

I've tried to have a quick look back to see who it was to say thanks. The announcement today was terrific. This one has incredible potential.

Cheers.

-j

have been very bullish on CWX for sometime ..great 27% rise today with not very much up for sale for those wanting to build a bigger position ... ended up buying into RXL today another Gold/Ni/PGM play I've liked for awhile ..was a 50/50 call as I just about put down another BID for more CWX 500k shares would be nice

[Grapes]

I think it was you, JBmurc, and if so I'm grateful. I'm am mostly cashed up, but I couldn't help myself for a nibble. I suspect I'll be taking a couple more bites, too.

[JBmurc]

I think it was you, JBmurc, and if so I'm grateful. I'm am mostly cashed up, but I couldn't help myself for a nibble. I suspect I'll be taking a couple more bites, too.

Yeah no stress many great Gold + resource plays on the ASX ... with Aussie being the largest Gold explorer in the world ... Major Gold Miners not being able to replace Gold reserves Vs Production rates will see more upwards pressure on prime Gold explorers / developers

Nickel also a great place to invest

HMX-RXL-CHN-BSX-AMG-OBM

Some others I have funds in that have stellar upside potential

[JBmurc]

Finally got my order filled to sell my 1mill SRN.asx (nano cap explorer) . paid .7c-.8c couple weeks back sold half @ 1.1 nice wee 45%+ profit = $2300+

Very high risk gamble play ... but at such a low Market-cap 3.5mill at the time of purchase I backed my punt

Is drilling (self funded from MD loan) on trend to SPX .. could really run if we see any decent Gold hits

does have Opts SRNOB exercising NOV19 1.8c .... if fully exercised would full the coffers up with 8mill etc

[JBmurc]

Enjoying the move in CWX today was always going happen IMHO ... and still so far to go

[Grapes]

Very much enjoying it. Pulled a back a little from its highs, but it's heading in the right direction.

[JBmurc]

My HC post>>on CWX

Yes the key will be the size of the Hill800 mineral resource + grade .... which going from last presentation should be announced very soon !! SEPT/early OCT

If it's like 500koz+ 3g/t etc then the SP will double overnight (And prob have the interest to raise 2mill+ at much higher levels) esp. as its open at depth so 1Moz target would be in the picture for the project ....

from last ann>>
Carawine Managing Director Mr David Boyd said this was another exciting development for Hill 800 and the Jamieson Project, one that could lead to a major new discovery in the region.

“Earlier this year we established a new interpretation for the Hill 800 mineralisation, demonstrating the potential for high-grade mineralisation to continue at depth beneath the current limit of drilling.

“These latest results strongly suggest a fertile copper-gold porphyry is driving the mineral system at Hill 800 and its surrounds.

Combined with our regional target generation work, this new evidence gives us confidence that we could be chasing a porphyry copper-gold target at depth beneath Hill 800, and potentially at Rhyolite Creek as well.

“Porphyry deposits are very attractive targets given they are typically very large mineral systems with multiple deposits and excellent grade characteristics.

>>>>>>>>>>>>>>>> Ever since I've come across CWX earlier in the year I've been very excited about the potential to muti-bag ... T/A looks brilliant breaking out of the downwards
channel CWX has really been in since 2017 IPO ...


And on HMX Bronzewing south drilling started mid AUG ...Surely can't be far away from some assay results >> now with whats going on 100m away with Echo any decent Gold and HMX will run as hard as it did from 2c to 4c ... this time 3c to 5c+

[Ninefingers]

AMG $4M sale (have to wait for part of the $$ mind) plenty of drill time there to focus on the Golden Mile. Liking the geology, hopefully this announcement is followed by the release of long awaited assays.

https://stocknessmonster.com/announcements/amg.asx-6A945966/

[JBmurc]

AMG $4M sale (have to wait for part of the $$ mind) plenty of drill time there to focus on the Golden Mile. Liking the geology, hopefully this announcement is followed by the release of long awaited assays.

https://stocknessmonster.com/announcements/amg.asx-6A945966/

Yeah great news funds can focus on the deeper drilling .. which I really believe will be massive ..

another very specy play SRN which I recently sold for a tidy profit ..decided to take a punt on the short dated OD opts .. got in mid last week I see I'm up 100% on friday ,, great potential if SRN release gold shows .. I see 300-500% within the next 30-50 days

[share4eva]

Keep an eye out for MEU. This is going to be bigger than the Challenger goldmine

[JBmurc]

Exceptional Gold Grades Encountered in
Youanmi Near Mine Exploration
Highlights:
Drilling at the Youanmi Gold Project has intersected exceptional gold
grades. Results received from shallow drilling to the south of the
Youanmi Plant include:
MLRC020: 5m @ 125.68 g/t Au from 0m
Including: 2m @ 311.46 g/t Au from 2.5m
including 1m @ 591.89 g/t Au from 3m
including 0.5m @ 1058.49 g/t Au from 3m
__________________________________________________ ____
Australian gold and nickel company, Rox Resources Limited (“Rox” or “the
Company”) (ASX: RXL), in conjunction with its joint venture partner Venus
Metals Corporation (ASX: VMC) is pleased to announce exceptionally high
grade results from its ongoing drilling campaign at the OYG JV which forms
part of the wider Youanmi Gold Project.
The JV (Rox managed) recently conducted a series of shallow of RC holes
to the south of the Youanmi plant to test a laterite gold target.
The laterite zone appears to have an average grade of ~1.5g/t Au and
thickness of ~2m and is continuous from historical drilling at the airstrip over
an area of about 280m x 100m (See Table 1).
Significantly, drill hole MLRC020, located on the northern-most line of the drill

[penn]

Thanks for the 'heads-up' JB wondered if you had any thoughts on the MOY Trading halt?

[JBmurc]

Thanks for the 'heads-up' JB wondered if you had any thoughts on the MOY Trading halt?

No I don't follow MOY

[penn]

ok thanks I grabbed a few for a speculation last week but it looks like they may have some kind of trouble I should find out in the morning.

[JBmurc]

ok thanks I grabbed a few for a speculation last week but it looks like they may have some kind of trouble I should find out in the morning.

Rough news on MOY into admin and very unlikely to see any upside for S/Hs hope u didn’t have to much at risk ... is bloody terrible not only for all involved but the sector sentiment

[penn]

Rough news on MOY into admin and very unlikely to see any upside for S/Hs hope u didn’t have to much at risk ... is bloody terrible not only for all involved but the sector sentiment

No trouble here, I had made a killing on MOY a few years ago, and just put in less than $1000 on a bit of a gamble. yes it's gone now but they have been good to me in the past. Their recent announcements look pretty shady though, now that they have gone.

[wizAlvin]

only 30 + hours to get your 2020 picks in .... about ONE DAY

[JBmurc]

GOLD is absolutely ripping it up blowing through $1550oz USD thats pushing for that new record high for AUD Gold currently $2230oz (2305oz late 2019 high) was touching ST lows $2160 only days ago ...$70+ move!!!!!!!!!

watching many of my jnr-micro Gold plays boom during very low volume trading period of the year.. think FEB-MAR we will see some of these plays put on some HUGE market momentum + sentiment gains that will just bring in even more funds .... Human emotion FEAR Vs GREED watch the greed push some tiny companies 10's millions in value this next Qtry IMHO

[Joshuatree]

Looking good JB, looking at my hibernating goldies. NST up re 6% to $11.92 and its x rights to an spp @ $9!!

[JBmurc]

Yes My WWI holding has been booming of late touching 200% movement intraday on Chi-X .. from just over a month ago lows!!!!

[tim23]

NTL for me, 12 month low, will be accumulating at these prices.

[JBmurc]

AUD Gold just blew past $2300oz !!! seemed like only yesterday breaking $1500 was a big deal .. Jnr Gold miners so very undervalued Vs Gold Price(Profit Margin)

[Rowdy Flat]

NTL for me, 12 month low, will be accumulating at these prices.

They aren't mining anything. Gold price is largely irrelevant if you aren't pulling the stuff out of the ground. I prefer a gold producer to a golden prevaricator.

[JBmurc]

They aren't mining anything. Gold price is largely irrelevant if you aren't pulling the stuff out of the ground. I prefer a gold producer to a golden prevaricator.

Not always I was buying CMM at 7c explorer development play sold out @21c .... WWI from a recent .5c low to 1.3c RXL 2c to 2.7c CWX -10c to 25c(I have held them all) recently could go on and on so many ASX explorers have done very well on the back of a rising Gold Price along with producers..

what you find is most successive Gold producers are very highly priced the likes of NST,NCM,SBM over the same time as the above movements from sub 100-10mill cap have gone up very little percent wise many much the same price or lower than during 2019 !!!

PRU one producer that has done well up around 100% .. but the idea one should only buy producers to gain growth in a GOLD Bull is utter crap

[Rowdy Flat]

Not always I was buying CMM at 7c explorer development play sold out @21c .... WWI from a recent .5c low to 1.3c RXL 2c to 2.7c CWX -10c to 25c(I have held them all) recently could go on and on so many ASX explorers have done very well on the back of a rising Gold Price along with producers..

what you find is most successive Gold producers are very highly priced the likes of NST,NCM,SBM over the same time as the above movements from sub 100-10mill cap have gone up very little percent wise many much the same price or lower than during 2019 !!!

PRU one producer that has done well up around 100% .. but the idea one should only buy producers to gain growth in a GOLD Bull is utter crap

Apologies, I should have worded my post better. It was not intended as a crack at explorers per se. More that a decade ago Heritage Gold IPO-ed with a newly minted mining permit from the Government for Talisman. How much gold have they recovered since, under that or the NTL moniker? The rising gold price has had no positive impact on NTL share price and I agree there are many much better options on the ASX.

[JBmurc]

Apologies, I should have worded my post better. It was not intended as a crack at explorers per se. More that a decade ago Heritage Gold IPO-ed with a newly minted mining permit from the Government for Talisman. How much gold have they recovered since, under that or the NTL moniker? The rising gold price has had no positive impact on NTL share price and I agree there are many much better options on the ASX.

I agree as why I don't hold NZX --OGC the last one that was decent but ended up closing down its NZX listing

[JBmurc]

Keep an eye out for MEU. This is going to be bigger than the Challenger goldmine

Ended up getting a few MEU like the look of the exploration results to date and GOLD price looking to grow another Leg and break well past $2400oz AUD

https://samso.com.au/resource/challenger-gold-mine-calcrete-anomaly-exploration-success/

[JBmurc]

Well that was a good punt MEU up 38% today briliiant move

[JBmurc]

Mt Freda 1988. Found some photos from a Curry guy who worked at Mt Freda in the Gold Room and was a shareholder. Showed me a brochure done in 1988 and some photos. Thought would share some. He said the company that owned Mt Freda and Gilded Rose mine he said about 30 klms apart and both were in Gold production. Was owned by DMR and listed on the ASX. He said the market Cap when he was working there was $280m and DMR only owned these two Gold mines. He said closed because Gold got down to $260 an ounce.

He said today he cant understand that Ausmex owns both the same Gold Mines and has a market cap of $17m
with Gold at $A2,000 ounce.

I explained the promoter factor and he now knows why its $17m. He said when they closed Mt Freda it had a resource of about 110,000 ounces and that was only down to 160m. He said they poured 98.9% Gold bars and metallurgy was unreal in the tanks. Said they had 6 CIP tanks. Mt Freda was open cut and Gilded Rose underground.

He has just started buying Ausmex shares. Shares were trading at 1.68c when he last sold out. Now buying at 3c cant believe it. He said Ausmex own 8 of the 10 of Gold only Gold mines in the Cloncurry area. (he said the rest all have Copper with little Gold) He wants to see the workers all employed from Cloncurry folks and sad fk the fly in fly out. He said plenty of experience miners in Cloncurry. He said that the Gilded Rose Mine is so rich he would be selling it if he owned it. He said lots of free gold and lots of nuggets in the area. Anyway finally looks like these two mines are going to re-open and the town very happy seeing the announcement by the Company.

Everyone at the Leichhardt hotel excited (local watering hole) and had a big Aussie, aussie aussie, o,y oy, oy tonite. So good to see mines reopening in the area. He reckons when this starts producing everyone will get a shock how great it leaches. The other good thing is that they do not have to build a process plant for the Gold from the Golden Mile. Ausmex have an agreement with Round Oak Minerals to process the ore from the Golden Mile. He did say one thing that was really interesting. He said that towards the end before they shut the Mt Freda mine because of low gold price, the Company built a 10,000 tonne Vat leach operation next to the CIP Plant.

He said they only put the solution through the Carbon Columns for 24 hours and poured 20 kgs of Gold. It has st there for 30 years as was the low grade +2g/t stockpiles which they sold to ROM for $2.5m and he said apparently they took the ore from the vat as well but not sure. So because Ausmex only has an agreement on the Golden Mile they could if they wanted process using the Vat Leach process. He said all the vat leach processing gear is still on site. He was a drillers offsider last year and was surprised to see the Goldroom shed and concrete pads and the Carbon Columns all still at Mt Freda. He reckons once the Mining Lease is approved they could have the Vat leach operating within two months if they start getting gear now.

But maybe the Company has already signed up for the Mt Freda ore to be treated at ROM plant and the Great Australia mine as well.The announcement didn't mention the Mt Freda Mine and the agreement to process at ROM in the same sentence only the Golden Mile. I aske d hum what he thought of the Golden Mile, said " rich with Gold in quartz, but whilst he was offsider on the rigs last year said Ausmex only drilled shallow holes around 50 to 60m. He said he asked Matt Morgan why only shallow holes and he said that, so they could get the shallow gold and get cash flow going quick and worry about the deeper gold once they got the cash coming in.I looked up QMN announcements that used to own the Mt Freda Mine after DMR and found they already put out a JORC resource in 2012 with 105,000 ounces.

He said that's BS, he said DMR averaged 4.4g;t Gold throughout its life. He showed me a page from the brochure with drill results which I have put in below. Anyway lets see if they can pull it off in their tight timeline. One thing is for sure the whole town is hoping they can oy oy oy. The thing that made me laugh the most was when I asked him where did the company sell the Gold. He said, "believe me this is true, they took it to the Cloncurry post office and put it in a jiffy bags and sent it to the Perth Mint", he said the whole town knew and was a town joke. He said, "How else would they send it", he said? The Publican intervened and said , "that's true, what he just said." Well putting out an announcement with dates on it is one thing doing it is another.

I hope they are fair dinkum. They will be held to this timeframe
by the town. I will say one thing Ausmex have a big setup in Cloncurry and don't know why they have fkd aro
und with Copper in Burra to tell you the truth when they have these two rich Gold Mines in the Curry.

[JBmurc]

Well starting the new Financial year fully invested in Gold with some Silver ,copper but 7 of 8 of my current holdings have focus on Gold / Silver ... am very confident this will be a very smart move over the next 12-months IMHO most sectors will get crushed in this new Global Depression ...

Why Gold/Silver well I see Govt. + Central banks following the playbook of the last 20yrs+ pump more debt into the system ... rates will continue to drop I see more nations will take on Negative rates here in NZ certainly see 0% which would see RES lending rates in the 2% range ... Savings accounts even lower 2% 5yr etc

So much Debt that won't be rolled over >>

just look over the GFC and want happen in the aftermath ... Trillions in QE .. Gold/Silver rocketed upwards .. till the massive bullion banks took record shorts on the COMEX .... thanks at present breaking down as physical bullion is running out and Futures holders and asking for delivery in record amounts in Gold at present this looks likely to play out with another Lehman moment .. its all just breaking down ... the Fiat reserve currency of the world needs a reboot

[Joshuatree]

This could be a major prob for gold JB

https://www.investing.com/analysis/gold-after-russias-exit-is-it-the-calm-before-the-storm-200520225

[JBmurc]

This could be a major prob for gold JB

https://www.investing.com/analysis/gold-after-russias-exit-is-it-the-calm-before-the-storm-200520225

Yes I did take that on board ... then I remembered all the Gold sales through the 2000;s their was near on 500tons of Gold dumped during 2004-2005 just from the Euro banks yet Gold didn't go down start of 2004 = $415oz end of 2005 =$513oz. now I know during 1999 Gold hit a record bottom $255oz they say from record Bullion dumping ...

Now in Russian case they aren't dumping just not openly Buying ... but many other nations will be and more so the masses across the world ... esp Silver as the common man can much easily afford $30oz than $2800oz etc

We have never seen such a massive build up of DEBT and creation of Fiat money with low real growth ... Deflation is attacking us in force that the complete opposite action you should get with mass money creation.... something has got to give ... either 1930's great depression or high inflation >>> I don't see a middle ground playing out here ...so I buy Gold/Silver plays

[JBmurc]

As I'm 100% Gold/Silver shares now (most have Base metals,U308,IOGC projects as well) I'm feeling pretty good at this stage with energy Costs crashing , labour rates reducing.. and most of importantly AUD Gold tapping on $2700oz

Now with COVID FEAR driving money out of the market over the last 4wks

I think the reality of lower rates even Negative rate bonds and money printing leading us towards forced inflation .. it's only a matter of time before funds with billions in funds look for a safe home..

Add in the retailers watching the property bubble about to pop and reduce 10%+ ..commercial properties issues ..tenants not paying rent etc

then you have the ASX resources sector which outside a few companies has been battling through a pretty long BEAR market ... NOW Gold is leading as it always does
IMHO next few years we will see many large returns as the markets turn back to the resources/commodities etc

[JBmurc]

latest ann--https://www.marmota.com.au/investors/asx-announcements/doc_view/686-1m-assays-yield-gold-over-70-gt-8-april-2020.html

New high-grade 1m intercepts over 20g/t gold include:
1m @ 74 g/t gold (from 64m downhole) in Hole 20ATRC200 ( 3m @ 29 g/t gold )
1m @ 53 g/t gold (from 69m downhole) in Hole 19ATRC162 ( 4m @ 15 g/t gold )
1m @ 44 g/t gold (from 64m downhole) in Hole 20ATRC199
1m @ 33 g/t gold (from 45m downhole) in Hole 20ATRC167
1m @ 29 g/t gold (from 49m downhole) in Hole 20ATRC201 ( 9m @ 7.5 g/t gold )
1m @ 23 g/t gold (from 28m downhole) in Hole 19ATRC144 ( 3m @ 10 g/t gold )
1m @ 21 g/t gold (from 45m downhole) in Hole 20ATRC201 ( 9m @ 7.5 g/t gold )
1m @ 20 g/t gold (from 52m downhole) in Hole 20ATRC198 ( 9m @ 4.8 g/t gold )


Holding a mill shares ---- looking forward to JORC Gold resource grade should certainly be good

[JBmurc]

Not sure how many other ST's have many Jnr-micro cap Gold stocks ...but I've never seen such a strong bounce in such a short timeframe that doesn't look like it slowing down any time soon just in the last few weeks I'm up more in portfolio value than I've ever been ... all during LOCKDOWN!!

100% Gold stocks >>>> working well at this stage

[JBmurc]

Have IGO for exposure to a gold producer, although for their Nickel production mostly. CHN is my explorer, cashed up and very active drilling in 2 exciting regions.

Still have physical silver too, but looking beyond just resource companies too.

You still holding CHN shasta ??? man I was so stupid should have kicked AMG to the curb and keeped CHN (was one of my biggest holdings at one point !!!!)
CHN $1.02 !!!!!!

[JBmurc]

GOLD+U308

Mktcap-30.5mill
SP-3.9c
cash-3mill
https://www.marmota.com.au/

Short term I see a huge move in MEU coming -Aurora tank looks high grade and heap leach 90% recoveries on test
every drill hits gold >>the next challenge mine ?? produced 1.2Moz of gold 5g/t

last year MEU appt>
Shane Barker Executive Director: Production Shane was Principal Metallurgist and Manager of the Processing Team at the highly successful gold heap leach at White Dam.

MEU hold prime U308 projects

The Junction Dam project is located 10 km east of the Honeymoon uranium mine (a 1.2 Mt Indicated Resource owned by Uranium One)

Marmota has announced a 4.36 million tonne U3O8 Inferred Resource for the Saffron deposit, one of four uranium prospects identified on the project. The Inferred Resource of mineralisation has been estimated in accordance with the JORC code and comprises

[Chippie]

I dipped my toe into AMG today. Figured it is a good speculative buy at 4.2 cents when the directors recently purchased at 8.5 cents per share

[JBmurc]

I dipped my toe into AMG today. Figured it is a good speculative buy at 4.2 cents when the directors recently purchased at 8.5 cents per share

Yeah I hold a good chuck ...high risk high return if mgmt. can finally come through with the results they have been talking up for an age we might just see the SP trend turnaround

[JBmurc]

I dipped my toe into AMG today. Figured it is a good speculative buy at 4.2 cents when the directors recently purchased at 8.5 cents per share

Some positive movements at AMG ...might well see double digits in this year

Ausmex Director and COO, Geoff Kidd stated “We have been liaising closely with Como for several
months and were very pleased to be able to retain them to provide us with this vital advice and input to our
subsequent Scoping Study.
Como’s intimate knowledge of the GAM Plant, plus their experience with gold processing in Cloncurry will
provide a high level of confidence in their conclusions & recommendations.
We meet with Como electronically on a weekly basis, with numerous emailed exchanges in between, and
the work is proceeding smoothly such that I think both companies will be pleased with the result, which will
then form a sound & vital component of our Scoping Study.
The Golden Mile is a Joint Venture between Ausmex (80%) and Round Oak Minerals (20%). Under the Joint
Venture terms, there is a binding agreement to process all ore from the Golden Mile at the Great Australia
Mine ore processing facility.
We also thank Round Oak for their cooperation with our retaining Como and hope that it will lead to further
close collaboration as we move towards production.”

[Chippie]

yes, could be a very interesting next 6 months.

They are on track to complete the "plan of operations"to re-commence open cut mining by late June. Looking good.

[younga]

ARS appears to be a good punt. Conditional takeover offer at 5.05 cents . Shares are about 4.3 cents so about 20 percent gain there

[Chippie]

ARS appears to be a good punt. Conditional takeover offer at 5.05 cents . Shares are about 4.3 cents so about 20 percent gain there

The condition of requiring 90% acceptance could be tricky. Although it does confirm that they think is is worth more than the 5 cents

Look at the millions of shares that traded hours before the announcement. If that is not insider trading, I do not know what is.

[JBmurc]

Ended up selling my PDIOA for a 12% profit(wasn’t happy with CR) and shifting funds into CNB well worth a look planning to toll treat 25,000oz gold next year =around $30mill EBIT (marketcap 7mill) have some very nice exploration grounds

[zero]

11 May 2020 Copied this off the Bellevue site on hotcopper, didn't give a source.

The lack of new major deposits being discovered means that the project pipeline is increasingly short of large, high-quality assets needed to replace ageing major gold mines.

The share of gold exploration budgets devoted to grassroots exploration has fallen by half since the 1990's
S&P Global Market Intelligence’s annual analysis of major gold discoveries has revealed that none have been made in the last three years.

Only 25 deposits have been discovered over the past decade, containing only 154.3 million ounces (or 7%) of all gold contained in discoveries since 1990.

According to the report, the severe lack of new major discoveries over the past decade is a result of companies focusing on advanced-stage assets and known deposits, rather than searching for new discoveries.

The share of gold exploration budgets devoted to grassroots exploration has fallen by half since the 1990s with both pure explorers and producers have shifted their spending.

Juniors have increasingly focused on expanding known deposits, while producers have increasingly focused on exploration at existing operations.

Known deposits and mineralisation
In 2019, none of the four initial gold resource announcements made was actually discovered in the last few years.

The Gran Bestia announcement of 4.2 million ounces made by Lumina Gold Corp (CVE:LUM) is a new zone at the Cangrejos deposit in Ecuador, which was discovered in 1999.

The 4-million-ounce Chulbatkan deposit announced by N-Mining Limited was discovered in 1980, although this was the first resource for the project.

Nelligan's initial resource of 3.2 million ounces announced in 2016 is the group's most recent discovery, while the 2.5 million ounces Estelle deposit was first drilled in 1988.


African and Latin American hot spots
The 10 countries in Africa and Latin America with discoveries over the past decade account for two-thirds, or 102.3 million ounces, of the 154.3 million ounces discovered.

S&P's report observed there was relatively little gold in recent discoveries in Canada and the US, which host only 17% of gold discovered in the last decade compared to Africa and Latin America, which discovered 37% and 29% of gold respectively.

Ecuador is one of the up-and-coming countries for exploration, hosting the most gold discovered in the 2010-19 period, despite having only one discovery - SolGold plc (LON:SOLG) Cascabel copper-gold deposit.

The US and Australia host the most gold in discoveries prior to 2010, accounting for 14% and 10%, respectively, of the annual totals but since 2010 each has had only one major discovery with the US hosting 10% and Australia just 4% of the gold discovered in the past 10 years.

70% of gold hosted in largest assets
Of the 154.3 million ounces contained in the 25 discoveries made over the past 10 years, 70% is contained in the 10 largest deposits.

The biggest is SolGold's Cascabel copper-gold deposit found in 2013, which forecasts annual production of 150,000 tonnes of copper and 245,000 ounces of gold.

Zhaojin Mining Industry Company Limited's (HKG:1818) Haiyu gold project in China's Shandong province is the second-largest discovery, found in 2011 and hosting almost 16.4 million ounces in reserves and resources.

Barrick Gold Corp’s (NYSE:GOLD) Goldrush discovery in Nevada, also found in 2011, is third with 14.9 million ounces in reserves and resources.


Replacing ageing gold mines
While there are still plenty of gold assets to be developed, the lack of new major deposits being discovered means that the project pipeline is increasingly short of large, high-quality assets needed to replace ageing major gold mines.

The report identified 278 deposits discovered over the 1990-2019 period containing 2.19 billion ounces of gold in reserves and resources but 135 of these are not yet in production.

Only 30 have over 10 million ounces of gold in reserves and resources and only nine of these assets have a grade of 1 g/t or greater.

Some of the assets will likely enter production over the next few years, such as Barrick's Goldrush and Zijin Mining Group's (HKG:2899) Buritica.

Some, like Rosia Montana in Romania, face significant challenges and might never be developed, and others, like NovaGold Resources Inc’s (NYSEAMERICAN:NG) Donlin in Alaska, have a potentially long road to production.

And with production from existing mines expected to begin decreasing in 2022, there is a need for more high-quality assets that can be developed in the medium term.

Future trends
S&P's report states that additional grassroots exploration is needed to ensure the pipeline has enough quality assets required to replace ageing mines.

The industry has trended away from this generative exploration over the last few decades, and the trend is not expected to reverse in the near term.

S&P expects the opposite in 2020, as COVID-19 impacts exploration plans by companies of all sizes.

[Skene]

Some good news out of AMG this morning: Gilded Rose sells for $4,000,000 ($2,500,000 already received) which adequately funds progress at Mt Freda & progressing the Golden Mile lease and development.

https://www.asx.com.au/asxpdf/20200525/pdf/44j2jww1trd63b.pdf

[JBmurc]

Some good news out of AMG this morning: Gilded Rose sells for $4,000,000 ($2,500,000 already received) which adequately funds progress at Mt Freda & progressing the Golden Mile lease and development.

https://www.asx.com.au/asxpdf/20200525/pdf/44j2jww1trd63b.pdf

yes should push AMG cash balance past 4mill ... they already have the round oak toll agreement 600kpa plant ... just need to get the licenses some more infill drilling to prove JORC reserves from Fes study ...not sure how much more funds will be needed ,,,but surely not much more

[JBmurc]

OBM trading Halt for JORC Reserve update ... if Good should push SP towards 30c

RXL trading halt
--Street talk understands the company would seek to raise as much as $8.75 million through a placement of new shares.

It is understood the offer was set to be priced at 2.4¢ a share, which represented an 11.1 per cent discount to Rox's 2.7¢ last close and a 10.3 per cent discount to the five-day VWAP.

Taylor Collison and Canaccord Genuity were joint lead managers on the offer and UK-based broker Tamesis was also on board to help bring in some European money.

It is understood bids into the placement would be due by 5pm on Monday.

The fresh capital would be used to increase Rox's stake in the Youanmi gold project in Western Australia. Rox would pay fellow listed resources small cap Venus Metals Corporation $3 million to increase its stake in the project to 70 per cent, from 50 per cent.

Funds would also be used to accelerate the drilling program at Youanmi and also accelerate drilling at one of Rox's nickel projects.

The $39 million company's flagship project is Youanmi, which it acquired through a joint venture in April 2019.

The company was expected to enter a trading halt on Monday.

[Skene]

More positive news for AMG with the JORC out today.

https://www.asx.com.au/asxpdf/20200603/pdf/44jbqylgfyfg5f.pdf

Highlights:
• Maiden Mineral Resource Estimate has been defined within the Mt Freda Complex for a total
of 1.7 Mt at 2.06 g/t Au, containing 113,000 Oz of Gold
• The JORC Resource has been estimated over the following Ausmex Cloncurry Gold projects:
o Mt Freda Open Cut Gold Mine (Granted Mining Leases)
o Golden Mile ML100201 mines Falcon, Shamrock, Comstock and Little Duke
• The Mineral Resource estimate highlights that gold mineralisation extends from surface, with
the potential to develop a multi-pit gold mining hub at Cloncurry, targeting gold ore processed
via third party CIP processing facilities utilizing current haul road infrastructure in place.
• Previous cyanide leach test work for gold completed by Amdel for QMC in 2012 using Mt
Freda ore produced high yields above 90%. The previous operator of Mt Freda, Diversified
Mineral Resources reported CIP recoveries of up to 95% for gold.
• The Company has a binding agreement where all ore produced from the Golden Mile must be
processed at the Round Oak Minerals Limited Great Australia Mine 600 ktpa ore processing
facility in Cloncurry.
• The Mineral Resource estimate for the Mt Freda Pit has additional upside as numerous
historical high-grade gold drill holes did not meet the JORC (2012) reporting requirements and
were not used in the estimate.
• The Company is now focused on completing current scoping studies for the Mt Freda Complex
to assess mining and processing options available in Cloncurry.
• The Company is focusing on near term gold production to fund additional drilling to upgrade
and potentially extend known mineralisation.
• A second Mining Lease application will be submitted for the Little Duke gold resource,
cementing the region as a central mining hub.
• The Company has a strong cash position to advance the Complex following the sale of the
Gilded Rose Gold project for $4 million. (Refer ASX release 25th May 2020)

[Joshuatree]

Hope you dont mind Younga ive transferred your post and mine to here. Good luck with WCN, i was a pretty stale holder and pleased to get out.

JoshuaTree "Flicked WCN off today for a re 65% gain .Held for two years.Interest is trickling down to the Gold explorers now. And WCN's soil sampling etc is in progress and their holding in RTG has jumped in value."

Younga "I bought some WCNOE's last Friday....I'm loading up for the drilling. Also got some WRM and some BNR.. and CCZ. All should be drilling soon ... And CR1 announcing drill results soon...."

More good news for tiddly spekky explorers EXR ( i hold) being taken over by PRU with an all share takeover.(well im happy with it)

[Joshuatree]

WCN doing it for you Younga. ive punted into MSR with its nearology.

DYOR punting here.

[JBmurc]

More positive news for AMG with the JORC out today.

https://www.asx.com.au/asxpdf/20200603/pdf/44jbqylgfyfg5f.pdf

Highlights:
• Maiden Mineral Resource Estimate has been defined within the Mt Freda Complex for a total
of 1.7 Mt at 2.06 g/t Au, containing 113,000 Oz of Gold
• The JORC Resource has been estimated over the following Ausmex Cloncurry Gold projects:
o Mt Freda Open Cut Gold Mine (Granted Mining Leases)
o Golden Mile ML100201 mines Falcon, Shamrock, Comstock and Little Duke
• The Mineral Resource estimate highlights that gold mineralisation extends from surface, with
the potential to develop a multi-pit gold mining hub at Cloncurry, targeting gold ore processed
via third party CIP processing facilities utilizing current haul road infrastructure in place.
• Previous cyanide leach test work for gold completed by Amdel for QMC in 2012 using Mt
Freda ore produced high yields above 90%. The previous operator of Mt Freda, Diversified
Mineral Resources reported CIP recoveries of up to 95% for gold.
• The Company has a binding agreement where all ore produced from the Golden Mile must be
processed at the Round Oak Minerals Limited Great Australia Mine 600 ktpa ore processing
facility in Cloncurry.
• The Mineral Resource estimate for the Mt Freda Pit has additional upside as numerous
historical high-grade gold drill holes did not meet the JORC (2012) reporting requirements and
were not used in the estimate.
• The Company is now focused on completing current scoping studies for the Mt Freda Complex
to assess mining and processing options available in Cloncurry.
• The Company is focusing on near term gold production to fund additional drilling to upgrade
and potentially extend known mineralisation.
• A second Mining Lease application will be submitted for the Little Duke gold resource,
cementing the region as a central mining hub.
• The Company has a strong cash position to advance the Complex following the sale of the
Gilded Rose Gold project for $4 million. (Refer ASX release 25th May 2020)

Market didn't warm to it ... but looks to me like a nice wee project to get $20mill+ free cashflows to fund much larger exploration projects

[younga]

Hi Joshua tree, I'm in MSR too.. .got in a month ago at .4. I just bought more WCNOE's today for .6 but it's dropped to .5. The drilling results for CCz we're average but waiting for better to come. Thought about OKJ but the liquidity is a problem...drill results out in a month.

[younga]

I also got some TNRO's.... Gold results soon too, from memory

[JBmurc]

I think the fact that AMG was taking up a much larger 20Mt resource awhile ago in mining articles around Gold production didn't help ....AMG's reporting has been very vague and not meeting timelines constantly hasn't given much trust to the market ... I personally wish I sold out last week when the SP was over 4.5c and just taken the loss as I see HMX to be the far superior risk reward with class mgmt. for the same Market Cap at present .... Only reason I've held on while the SP has downtrended was the great assets AMG held ....but Mgmt are doing my head in ..might well ring and make my mind up if I'll continue to hold much longer

[Joshuatree]

GCY maybe get out of jail card for me .Been suspended year or so. Gold Price the catalyst.

Administrators Recommend DOCA Proposal and Recapitalisation (https://hotcopper.com.au/threads/5453145/)

[Joshuatree]

Forgot to post, bought some ERX on 8/5/ @ 5.8c and PRU takeover 3/6 .1 PRU share for every 12.9 EXR shares.Implies a 10.5c share value on take-over date.

AOP:Agrees Terms for $7M Divestment of Northern CdI

(https://hotcopper.com.au/threads/5384479/)Perseus Mining to acquire 100% of Exore Resources (https://hotcopper.com.au/threads/5427372/)

[Ninefingers]

I think the fact that AMG was taking up a much larger 20Mt resource awhile ago in mining articles around Gold production didn't help ....AMG's reporting has been very vague and not meeting timelines constantly hasn't given much trust to the market ... I personally wish I sold out last week when the SP was over 4.5c and just taken the loss as I see HMX to be the far superior risk reward with class mgmt. for the same Market Cap at present .... Only reason I've held on while the SP has downtrended was the great assets AMG held ....but Mgmt are doing my head in ..might well ring and make my mind up if I'll continue to hold much longer

Hard to fathom exactly what is going on at the moment at AMG with the reshuffle. I do like the mgmt and release clarity at HMX so maybe time to cut losses and go HMX

[Aaron]

If this isn't fake news then goldman likes gold. Debasement fears hard to see how it isn't outright panic with the amount of QE going on.

https://www.zerohedge.com/commodities/gold-nears-breakout-goldman-upgrades-precious-metal-debasement-fears

Judging by the jump yesterday RMS announcement has been well received by the market.

[Joshuatree]

MOJO BREAKOUT :t_up:

[airedale]

It is getting close. Almost touching the $1761 close of May 17th. Then a re test of $1700 and a climb back for the last five weeks. Hopefully a healthy correction before the next chapter of the story.

[JBmurc]

RXL is Rocking .....along with many other Gold Plays will see me break $70K AUD paper profit in 48hrs likely just going off todays open ...