Gold Juniors

[JBmurc]

Moving round a few of these Micro-jnr Goldies ....

Brought into PGO but happy to take 20% profit on GAP trade @25c (small trade)

-My Biggest Holding RMS just smashed down 14c and should move onto 14.5c looks likely to head towards high teens

-Happy to sit back with ORS ...going be some action round the big AYC position before the year's out -2c low price target IMHO

-Also buying AYC been very quite of late ,,,,but with muti mining / exploration upside twiggy on board ,,,,I think this could be a bolter
on the right ann... or least a profitable trade..

IMHO the most unloved sector might just be defreezing

[skeet]

Not looking that rosy down at CAV. Fingers crossed it was just impatient sellers

[JBmurc]

Yes bit more volume today ... think some holders were really hoping for CAV to announce the other drills results by now ..and as they say no news is bad news in the exploration game ....and some worries on cash issues which going from their last Qtr report est for Sept Qtr would still leave them with 800k in the kitty so least another couple Qtr to go before out of cash ....but then upgrading the Drill Rig may add extra costs so maybe they will want to raise funds before Xmas ..or early first Qtr 16...

Doing so well elsewhere have sort of let CAV slide ....they do have some very smart guys in mgmt with proven history ...the US projects are in the heart of elephant resources country ... I think CAV is only one good drill results away from a massive turn around in market sentiment
back towards 3c ...but when will the drill come before Xmas or after another painful Cap raising ?

[JBmurc]

More CAV holders getting out for major losses... don't blame them..but think I might just wait to see whats at "rattler" ..... sounds like we will get the results this week... so Cobra's other 2x drills can't have much more than the first ..Come on Rattler ..

[JBmurc]

Primary Gold (ASX:PGO) has achieved an important milestone in advancing its Toms Gully Underground project in the Northern Territory toward production, with submission of a draft environmental impact statement (EIS).

The development coincides with significant pricing momentum for gold in the local market. Although the Comex gold price fell slightly overnight in the U.S., the price of the precious metal has continued to rise in Australian dollars, reaching a value of about A$1630 an ounce.

This pricing environment implies substantial margins are possible for PGO. Updated financial studies on Tom Gully earlier this year demonstrated a low start-up cost with operating costs of $640-$650 per ounce and total costs of $985-$995 per ounce, less start-up capex.

The Toms Gully mine has a history of high-grade gold production (around 115,000 ounces at 8.2 grams per tonne). PGO is poised to continue this trend, having confirmed high-grade resources and reserves in the project’s underground area of 315,000 ounces of gold at 8.9 g/t and 175,000 ounces of gold at 6.9g/t respectively.

Delivery of the draft EIS is a significant step forward in development of the project in that it paves the way for environmental assessment by the NT government and consideration of a revised mine plan.

PGO is targeting this final authorisation in the first half of 2016. In the intervening time the Company will continue to progress its funding strategy and implementation plan.

Infrastructure includes a 250,000 tonnes per annum gold processing plant, 22 kilovolts power to the mine and mill, a 90-metres-deep pit with twin declines and underground development to the top of the next high-grade zone. Additionally, the project is close to Darwin via sealed highways, and has a 25 year granted mining tenure.

[JBmurc]

CAV up 55% at one point today >> leaky ship ... sounds like the MD is on site USA ...surely get the ann this week

[JBmurc]

Ended up walking away from CAV 1.2c more funds into NKE ......to much risk here if the latest results aren't good ...and even if they are should be able to get back on board ...

Ended up getting a few MKO for a short term hold .... very tightly held top20 86%..... MD holds like 15% and keeps buying more ... took over NAV old bronzwing plant 2.3mtpa ... low resources at this stage but has some very prospective leases nearby to plant ..also JV/toll treatment an option with the large plant... 14mill mrktcap

[JBmurc]

Metaliko Resources Limited (ASX: MKO) (“Metaliko” or the “Company”) is pleased to announce that it has now completed the issue and allotment of new shares under its 1 for 4 non-renounceable rights issue dated 18 September 2015 (“Rights Issue”). Metaliko confirms that it has now raised the maximum amount of $2,649,686 under the Rights Issue

Not often your see a 13mill Gold explorer/plant owner raise 2.6mill at round it's current SP in this resources anti risk BEAR market environment >>>>>

Happy to keep holding my lot ...maybe not a short term hold >>>

[JBmurc]

-Stellar results from CAV - brought back in today @1c after selling out months ago for 1.1c

 High grade “polymetallic” mineralisation intersected in drill hole
15RHR03 within steep west dipping Rattler Shear Zone:
12m @ 179g/t Ag, 0.20g/t Au, 3.29% Pb, 1.18% Zn (380g/t AgEq)
includes
2m @ 476g/t Ag, 0.27g/t Au, 2.11% Pb, 2.39% Zn (641g/t AgEq)
4m @ 213g/t Ag, 0.31g/t Au, 7.54% Pb, 1.34% Zn (612g/t AgEq)
within an overall intercept of:

17m @ 129g/t Ag, 0.15g/t Au, 2.42%Pb, 0.92% Zn (280g/t AgEq)
includes peak individual 1m sample assays:
593g/t Ag, 0.61 g/t Au, 11.35% Pb, 2.93% Zn
 Rattler Shear Zone mineralisation remains open in all directions
and other targets remain open or totally untested:
 High-grade polymetallic potential within Rattler Shear Zone
 Large tonnage “Carlin Style” potential demonstrated
 Adjacent Tiger Anomaly remains untested by any drilling
 All drilling in oxide mineralisation, providing open pit potential
 Supergene weathering processes suggest potential for higher
grade mineralisation may occur in fresh rock.

[Aaron]

I am not sure if these are juniors but the production is good news but the costs of production are as follows;
RMS $1,250oz
SAR $1,075oz
Doray $1,000oz

I was going to say the price of gold is $1,095 an oz so not a lot of margin. I guess the price is in $US and maybe the costs are $AUD. If not it doesn't sound like there is too much to get excited about.

https://au.news.yahoo.com/thewest/wa...erly-guidance/
https://au.news.yahoo.com/thewest/wa...lid-quarterly/
https://au.news.yahoo.com/thewest/bu...ng-production/