Good news keeps a comin thick n fast ,no pullback atp
https://hotcopper.com.au/documentemb...2FB65rFiGug%3D
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Good news keeps a comin thick n fast ,no pullback atp
https://hotcopper.com.au/documentemb...2FB65rFiGug%3D
ORA has some nice grades. I need to to do some more reading on the geology as I have seen mention of quartz & the grades might suggest a vein type structure although the consistency of length of strike suggests not.
The share has obviously been heavily diluted over time, not that matters for new holders but they do seem to have a relatively high cash burn rate with high non operating costs.
I have been loading up on CST, market cap now around $18M. Infrastructure on care & maintenance so once BFS is completed should be in production fairly quickly. Central project has a return of $675M over 7 years. Has plenty of upside from exploration and potential second project.
Hi Daytr
CST as in Castille resources?
Yep. It's been falling in the last few weeks & I have been averaging in.
I used to have dealings with Peter Cook back in my finance days. I would almost invest purely based on him being Chair, but it seems ridiculously undervalued to me.
Interestingly Ram Shanker Kangatharan is their top shareholders & he has just topped considerably as well & he's no mug.
Be interested in your thoughts.
Hi FTG, I don't think technical trading is particularly usefull for small cap exploration stocks with poor liquidity.
This is an investment in its fundamental potential.
If it goes towards 6c I will likely pick up more.
At a $15M market cap it has the potential to go to $400M.
The initial project returns of $675M over 7 years of production. In that time I have no doubt exploration will extend the mine life and then there is the potential for at least one other project.
US credit downgrade by Fitch should be good for gold.