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19-08-2016, 06:26 PM
#791
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19-08-2016, 06:44 PM
#792
Member
Originally Posted by 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...
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.
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24-08-2016, 09:00 PM
#793
Originally Posted by 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
Last edited by JBmurc; 24-08-2016 at 09:04 PM.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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30-08-2016, 05:02 PM
#794
Member
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.
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31-08-2016, 09:17 AM
#795
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
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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31-08-2016, 07:03 PM
#796
Member
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...
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31-08-2016, 09:53 PM
#797
Originally Posted by JBmurc
That would be so cool , sold mine a few weeks back unfort ,GRRR!
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01-09-2016, 09:45 PM
#798
Member
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.
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01-09-2016, 10:59 PM
#799
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 ....
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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02-09-2016, 06:17 PM
#800
Member
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.
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