Gold Juniors

[JBmurc]

Ended up selling my biggest holding in PXG 12c for good profit most of the funds went into -

RMS

From the Diggers and Dealers presentation.

RMS is forecasting 100,000 ounces this year at $1250 AISC but in FY 17 is forecasting 130,000 ounces at $1000 AISC followed by another 100,000 ounces at $1100 AISC the year after that. With a gold price of $1600 AUD that's free cashflow of $163 million in the next three years. EV -25mill

Great upside to add further reserves from muti projects..................

Also got more ORS which is a cheaper one to buy interest into AYC (twiggy's gold investment)

still holding CAV looking forward to some good drill results ...

[penn]

Thanks JB.
I'm liking RMS.
Ramelius just signed a farm-in on two granted Prospecting Licences (PL58/1550 & 58/1552), five PL applications (PLA58/1669 – 58/1673) and one Exploration Licence application (ELA58/483) in the Murchison Region..
A re-rate is looks due.

(dyor ihaniwiata)

[skeet]

still holding CAV looking forward to some good drill results ...

This week hopefully. Only concern is a lack of progress announcements.

[babymonster]

Not a great result

[skeet]

1 drill of 5 a dud and the second one doesn't sound positive either. What looked so promising and in a proven area now the tone is somewhat changed :/

[Joshuatree]

Sold PGI out from these stale hands , well shaken, free ,at ,last.From being re in the $300,000's in profit to a negative sum its been some ride and a lot of learning; one being don't fall in love with a stock , one becomes blind to reality and vulnerable to fomo with the ultimate consequence

[JBmurc]

1 drill of 5 a dud and the second one doesn't sound positive either. What looked so promising and in a proven area now the tone is somewhat changed :/

Yes would have been great to start with good mineralisation hit but thems the breaks in the exploration game.... four more to go ..got some cash on the sidelines a good result in the other drills I'd be keen to get a few more ...market values only 2.6mill overall low volume trading on announcement only round 60-70k worth AUD but certainly has moved downwards ,,high risk - high reward

Going from last qtr CAV should only spend 420k this qtr on this small exploration program leaving 800k in the bank....

from HC post today

Andrew Beckwith-MD of CAV

"Obviously we are also very disappointed with the first drill hole result at Cobra. However it is only the first hole and we are yet to drill test the main Rattler prospect which is independent prospect away from the Cobra drilling.

Regarding your concerns about the drill hole depths, I have no concerns with the depth of holes as we have drilled the holes and intersected the geological units we had planned to hit. The detailed configuration was also changed which also allowed for less total meterage. Overall the geological units were dipping shallower than originally interpreted and therefore the holes were not needed to go to proposed deeper depths. All holes remain open and once we assess the remaining hole assays, geology and run further detailed geophysical examination on the core, we have the option to both run downhole geophysics to look for off hole targets if deemed appropriate from our review and extend the holes if warranted. So it is still a work in progress as all the information becomes available and gets assessed.

The third hole is still underway and then we plan to move to the Rattler Prospect."

[JBmurc]

Sold PGI out from these stale hands , well shaken, free ,at ,last.From being re in the $300,000's in profit to a negative sum its been some ride and a lot of learning; one being don't fall in love with a stock , one becomes blind to reality and vulnerable to spinmeisters.

Yes agree 100% Joshua ,,,glad to have taken a profit on the last decent spike ..haven't kept up with PGI of late but for me the risk-reward wasn't the best esp with DR gov stuffing them round ...better to stay on the sidelines sometimes ...

[JBmurc]

latest from PGO ..... much like AYC start up with some good backing ...buy for a trade on good production ann,s....

Primary Gold Limited (ASX: PGO, PGOOA) (“Primary” or the “Company”) is pleased to announce it has
successfully completed a Share Placement (“Placement”), raising A$263,770 (before costs) to sophisticated
investors. The funds will further contribute to the Company’s plans to recommence gold production at its
wholly-owned Toms Gully mine in the Northern Territory.
The shares issued under the Placement are within the Company’s placement capacity, and do not require
shareholder approval. Patersons Securities Ltd acted as the lead manager to the Placement.
Primary Managing Director Clay Gordon said: “The Primary Gold Board welcomes new investors to the register
and thanks existing shareholders for their continued support.”
“This capital raising further endorses the Company’s strategy and view of the potential of the Toms Gully
project. The future is exciting, and with submission of the EIS approaching, the timeline to profitable production
is getting clearer.”
Primary Gold is close to submitting an Environmental Impact Statement (EIS) which is a significant element
needed for authorisation to recommence production for the Toms Gully project. Most of the major studies and
assessments required for the EIS have been completed or are nearing completion, and no major impediments
have been identified that could threaten progress of the EIS, or likely to impact Primary attaining authorisation
for the Project.
The Company is now confident the EIS will be completed and submitted in Q3 2015.
Primary’s 100%-owned Toms Gully mine has a history of high-grade production (~115k Oz at 8.2g/t) and
Primary is poised to continue this trend, having confirmed high-grade underground resources and reserves
(315k Oz at 8.9 g/t and 175k Oz at 6.9g/t respectively) at Toms Gully since taking ownership in 2013.
The Toms Gully mine site has significant infrastructure including a 250ktpa gold processing plant, 22kv power
to the mine and mill, 90m deep pit with twin declines and underground development to top of the next highgrade
zone. Additionally, the project is close to Darwin in the Northern Territory, is serviced by sealed highways,
and has a 25 year granted mining tenure.
The Toms Gully Feasibility Study, based on annual production of 60,000-65,000oz, supported a low capital and
low cost return to gold mining and production. Updated financials, announced 30 January 2015, continue to
demonstrate the low project costs with operating costs of A$640-A$650/oz (C1), and total costs of A$985-
A$995/oz (C3, less start-up capex).

[JBmurc]

http://www.theaureport.com/pub/na/16...R+Final+9-3-15

A weak Australian dollar has pushed up gold prices down under and made gold mining companies with low all-in costs more attractive to investors. Morgans Senior Analyst James Wilson shares the names of ASX-listed gold, iron and graphite companies worth watching.