| From: kidl | 11/10/2021 6:42:36 PM | | | | | | KRR ... Oliver Turner is my favourite spokesperson for the company.
45 minutes not wasted if you have an interest in KRR:
6ix.com |
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| To: LoneClone who wrote (77700) | 11/10/2021 6:52:41 PM | | From: Pianoman1997 | | | | Expectations for the maiden resource estimate were way too high. I've seen numbers like 7-8 M oz floating around. It takes time to build millions of ounces. If it drops any further, I'll probably buy or maybe wait for the next round of fund raising. This is a good junior to own.
«Wallbrisge Mining aka WM just can't seem to get any respect» |
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| To: LoneClone who wrote (77702) | 11/11/2021 8:15:26 AM | | From: james flannigan | | | | | 50% of tax revenue of the DR is from mining.If it wasn't for Barrick and its advance of future tax obligations that it paid about $300 million in advance of future profits for a yrs worth the DR would have gone bankrupt due to covid halted tourist travel.They the DR need mining to not end up like Haiti who has no rule of law and permits nothing and that keeps the country lawless and in poverty as one of the poorest countries in the world.The new DR president Abinader is Harvard educated in free market business economics.Some of his cabinet is from the Stern School of Business.But he is up against tough opposition by some wealthy crooked people who don't give a dam about the enviro other than to use it to extort bribes to permit mines.I have no idea if he can issue permits,but make no mistake about it Barrick will get its tender with in days.At any rate inflation is running red hot so gold is going higher. With that tail wind and a "possible" permit this yr or early next yr GQC could have a big score for investors buying the shares today.I do not suggest any one to buy GQC unless you think you understand it well.:https://www.elorientadorrd.com/2021/11/de-aprobarse-proyecto-minero-romero-san.html If Romero mining project is approved, San Juan would be one of the most prosperous provinces in the DR Freddy Medrano Mercedes November 10, 2021 SANTO DOMINGO, Dominican Republic . - If the environmental studies that the Goldquest firm would carry out on the Romero mining project determine that it does not affect water or agriculture, San Juan would become one of the most prosperous and educated provinces in the country. This was raised this Wednesday by investment promoter Fernando González Nicolás, who said that the executives of the Romero project are only waiting for the Government to authorize environmental studies in the San Juan province. The president of the Board of Community Countries in the Dominican Republic said that, if the environmental studies determine that the mining project is possible, the technicians' recommendations would be accepted. González Nicolás recalled that Goldquest Corporation, which has recognized solvency in responsible mining and that its investors come from the Commonwealth countries, such as Canada and Great Britain . |
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| To: james flannigan who wrote (77705) | 11/11/2021 12:33:59 PM | | From: LoneClone | | | | The political power in the DR lies with families involved in tourism, regardless of the relative contributions of mining vs. tourism to the economy. And almost all that mining income comes from one mining area, and powerful forces inside the country want to keep it that way.
Getting approvals for Romero remains an uphill battle.
P.S. Using paragraphs would make your writing much more readable.
LC |
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| From: LoneClone | 11/11/2021 1:22:48 PM | | | | | | Endeavour Mining aka EDV released their Q3 results and they were, to use a technical term, darn good. They produced over 382k oz Au, down a bit from Q2, but they still managed a considerable increase in cash flow. As a result, they say they expect to exceed the top of their 2021 production guidance while managing to keep costs within that guidance. They expect to increase their share buyback programme, and are hinting at a very nice dividend at year end. Even after the shareholder returns, their cash stash is still more than $760M.
With the integration of their two big purchases pretty well complete, EDV will generate huge cash flow next year even while carrying out development and exploration programmes, so it is no surprise that the share price has reached levels not seen since 2008.
Message 33569674
Golden Goliath aka GNG released the results from the final 7 holes of its drill programme at the Kwai Au prospect in Ontario. The PR uses the ominous word 'anomalous' and, another bad sign, doesn't even bother to include the assays. In the discussion they admit they didn't find the source of the gold grains in till as they had hoped, but stress that they found all sorts of promising indicators. This was never going to be easy, as in this area the prospective strata are deep and covered by a thick layer of overburden. They are going to retire from the field and lick their wounds, er, I mean study the results and plan next year's exploration.
Message 33569714
FWIW, BMO released a new report on Wallbridge Mining aka WM, rating them at Outperform with a target of $1. They cite that the resource was at the upper end of their expected range, and that the open pit and underground bulk mining zones contained more gold than they expected. They also expect at least another 4M oz to be proved up, and expect an upward rerating once economic studies get underway. |
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| To: LoneClone who wrote (77706) | 11/11/2021 1:32:14 PM | | From: james flannigan | | | | | A global economic financial crisis in 22 23 like 08 09 might take the wealth effect away from would be tourists to the DR.Those families who control the resorts might find them empty if a severe market correction happens when the market figures out inflation is out of control not to mention covid is not over yet.Mining might not look so bad if its your only source of reliable income.But I agree until the permit is issued its a gamble. |
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| From: LoneClone | 11/12/2021 4:29:42 PM | | | | | | Take a look at Minera Alamos aka MAI's share price today to see what happens when Osisko Royalties stops their stupid selling, up over 12%.
And FWIW, CIBC put out a new analyst report on Endeavour Mining aka EDV, keeping them at Outperform but raising their target from $41 to $46. They call it 'a cornerstone position in an investor's portfolio'.
LC |
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| From: LoneClone | 11/14/2021 4:15:43 PM | | | | | | Teuton Resources aka TUO has concluded an option agreement on their Harry and Oultnad projects in BC's Golden Triangle whereby Optimum Ventures aka OPV can earn 80%. OPV is a new company and I expect them to throw lots of money into exploration, as they are obviously very interested in the properties, given they also had to pay to buy out JDN's previously existing JVs with TUO.
newswire.ca
LC |
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| From: LoneClone | 11/15/2021 5:38:33 PM | | | | | | Orsu Metals aka OSU released an update on their Sergeevskoe Au project in Russia. This property is situated between two operating gold mines and already has a resource, but this was the first modern systematic exploration programme across the entire property. Sampling has extended the mineralization across the property, essentially linking up those two operating gold mines, in the process generating seven targets which will be followed up in due course. In the meantime, the company has commissioned an updated Resource Report and a PEA.
Message 33575003
Thanks to all the new high grade properties Karora Resources aka KRR has added and is in the process of drilling up and preparing for production, it is easy to forget how prospective their foundational property at Beta Hunt is beyond the the coarse gold and the nickel. Most recently, they found gold interceptions up to 40.5 g/t over 4.0M in a new mineralogical setting while looking for more nickel, Another new discovery in the Larkin zone included the widest intersection yet found, 1.5 g/t over 90M. Neither of these area have existing gold resources.
These and other results indicate there is a lot more to be found at Beta Hunt.
Message 33575032
Minera IRL aka MIRL released their Q3 financials today, but since there is no line item for Money SIphoned Off to the CEO's Friends and Family, I won't spend any more time discussing it.
ca.finance.yahoo.com |
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