Post by
randys1 on Feb 21, 2024 9:21am
PFS drilling
Well drilling keeps providing nice results. The steeper angle walls and potential lower strip are all good news as well. Nice to see St. Helena and Cabascal reported seperately lately, doesn't water things down IMHO.
Market will yawn no doubt. PFS can't come quick enough. It should be very good.
Better grade, more tonnes, lower strip and higher commodity prices in 5 year banking concensus all mean the PFS should be substantially higher than the PEA. Not to mention what it might look like with spot prices in the 2nd half of the year. Interest rates are going to come down in an election year and gold is only going one way as well as copper.
PDAC in March not too far away. Last year the PEA came out at it. Maybe they have another bag of tricks for us. Not sure any rabbits to pull out of the hat right now.
Maybe Vale has bought our spinoff at 1 to 1 share swap. LOL. Dare to dream Arnold.
Comment by
rdy2rumble on Feb 21, 2024 9:38am
I think part of thier problem is they seem to always report results in GOLD equivalents,, I personally avoid investing in companies or plays that endlessly do this.. I like just the good O'l straight up grams per ton results.. Some hocus-pocus magic happens to get the EQUIVALENTS. a trust issue for me.
Comment by
lechmeir on Feb 21, 2024 10:29am
they seem to always report results in GOLD equivalents I think they do that because they were heavier in gold than copper in their RE. They discussed it at one point. I'm not sure if they're required to do it that way or not.
Comment by
TradesInc on Feb 21, 2024 11:51am
Interesting! I like the gold Grams Per Tonne Eq. If you have 2.5 Grams Per Tonne Gold Eq. It's Approx. $200 US Tonne Dirt. If you process 4 Million Tonnes Per Year. $800 Million USD Year Revenue. You can figure out what you got all in! Having said that. $.30 Share for MNO is Ridiculous. The Marketing Team at MNO should be Fired Now!