AUD Gold $2308oz .... ASX Gold sector M&A is going to lead to ballistic growth in many undervalued micro-cap explorers that really haven't see much movement in SP since $1500oz AUD Gold >>> I'm certainly not going to miss out
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AUD Gold $2308oz .... ASX Gold sector M&A is going to lead to ballistic growth in many undervalued micro-cap explorers that really haven't see much movement in SP since $1500oz AUD Gold >>> I'm certainly not going to miss out
Not sure how many ST's are looking to invest funds in the ASX Gold sector's smaller end of town but these are the ones I hold and looking to take a position in.
personal never been a better time to be holding AUD/ASX Gold companies with record high profit margins the sector is heating up quickly
CHN,CWX,WWI,TGM,HMX,SRN,AMG
Also purchased some OBM yesterday .... was once long ago a MON S/H ( luckerly sold before admin)
Looks primed to get market attention as it head towards productions once again under new major US owners
Another T/O target like EAR
https://www.australianmining.com.au/...or-investment/
China’s leading gold producer Zhaojin International Mining has formed a joint venture (JV) with Perth-based PCF Capital Group to invest in Western Australia’s gold mining sector.
Western Australian Mines and Petroleum Minister Bill Johnston believes there’s “never been a better time to invest” with the Australian gold price hitting record levels this month.
PCF, an independent corporate advisory firm, will identify opportunities and provide advice to Zhaojin on potential transactions.
Zhaojin is one of China’s largest gold smelting companies with a market capitalisation of $US5 billion ($7.4 billion).
The company integrates exploration, mining, mineral processing, smelting and market operations into one, receiving grants for 48 patents and 29 awards for technological achievements in 2016 alone.
“Western Australia’s innovative and globally competitive gold industry is a key component of our reputation as a destination of choice for resource investment,” Johnston, attending the Golden Gateway JV signing ceremony, said.
Western Australia places great value on its economic relationship with its Asian neighbours, particularly its biggest trading partner China, according to the state’s Asian Engagement Minister Peter Tinley.
Chinese companies have direct interests in projects across several commodities, including iron ore, liquefied natural gas, gold, lithium and manganese.
“Attracting foreign investment that helps to create and support jobs in Western Australia’s resources sector, as well as other sectors of the state’s economy, is a key priority of our strategic engagement with Asia,” Tinley concluded.
STTCOMP CWX FA LONG
GOLD
S/P-14c
Mktcap-$7.8mill
Cash-est $1mill
Incredibly undervalued Vs assets + exploration upside
VIC Gold Fields #1 project
100% owner of HILL 800 drill results to date>>
-92.7m @ 3.22g/t Au from 2.3m (H8DD006)
-43m @ 4.24g/t Au, 0.3% Cu (H8DD002)
-101m @ 1.44g/t Au from 21m (H8DD019)
-34m @ 3.84g/t Au from surface (H8DD017)
Five new gold prospects defined within 1km of Hill 800: rock chip samples up to 4.74g/t Au associated with
gossans identical to the Hill 800 discovery outcrop
• Potential for large-scale magmatic-related mineral systems at depth beneath the Hill 800 and Rhyolite Creek prospects
• Hill 800 Mineral Resource estimate due before the end of SEPT19
----
2nd major project area >>>
The Company’s Paterson Project is located in the Paterson Province of Western Australia, a region which is host to a number of world-class gold and copper deposits, including Newcrest's Telfer gold and copper deposit and Metals X's Nifty copper deposit.
The region has seen a marked increase in exploration activity recently, following two major new finds within 12 months: Winu, a potentially large sediment-hosted copper deposit discovered by Rio Tinto (ASX:RIO); and Havieron, an intrusion-related gold and copper deposit discovered by AIM-listed Greatland Gold PLC (AIM:GGP) (Figure 8).
Carawine’s Paterson tenements contain host formations and structures common to the major mineral deposits in the area. The tenements were applied for prior to the significant increase in exploration and tenement activity witnessed in the region in recent times and were selected based on their proximity to known mineralisation, shallow depth to basement, prospective stratigraphy and geophysical anomalies. The Company's tenement holding is one of the few remaining large, 100%-owned tenement packages in the region.
3rd project
FRASER RANGE PROJECT
The Fraser Range Project includes 5 granted exploration licences in four areas: Red Bull, Bindii, Big Bullocks and Similkameen (Fraser Range Joint Venture tenements); and one exploration licence application Big Bang (100% Carawine), in the Fraser Range region of Western Australia
The Project is considered prospective for magmatic nickel-sulphide deposits such as that at Independence Group NL’s (ASX:IGO; “IGO”;) Nova nickel-copper-cobalt operation. Carawine has a joint venture with IGO for the five granted tenements (the Fraser Range Joint Venture). IGO currently hold a 51% interest and can earn an additional 19% interest in the tenements by spending $5 million by the end of 2021.
Market cap to assets + Mgmt experience
= sub $10mill value doesn't make sense and I don't think it will last once the Hill 800 resource is announced
I have previously looked into CWX and whilst the projects look very promising, i'm a bit disappointed in the low shareholding of Mgmt/Directors given the low MC.
I already hold GAL and LEG due to there links with IGO and Mark Creasy around the Fraser Range, WA so was looking for another gold explorer
Compared ENR to PRX - very close but decided on PRX as they have Newmont, Newcrest, IGO JVs, with the big boys paying the bills and very active drilling until the end of 2019.
IGO, GAL, LEG, and S2R all Mark Creasy linked in the Fraser Range area, for those interested in Ni/Cu/Au exposure
Yes we will see .. Gold sector is warming up and of course today was brilliant for the Nickel plays .... purchased SGQ, BSX today off their highs of the days ... also purchased more WWI ... far to many hungry billion+ Gold producers with Gold plants close by WWI not to see one of them make a move after Mining Right is rewarded.
As to CWX ... some very nice projects .. many believe a CR / Placement is in the wings as to the SP not really getting traction .. I'm happy with my holding at this point and may well swing trade my position
https://www.theage.com.au/business/m...11-p52q6m.html
'Stronger for longer': Citi sees big gains for gold ahead
Interests associated with mining entrepreneur Chris Wallin have taken a 6% slice of CWX
What does a billionaire see in a company with a market cap of less than $14 million? 🧐
Follow the smart $$