Good to see PXG & GOR have a nice run today, seem to be gathering momentum :)
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Good to see PXG & GOR have a nice run today, seem to be gathering momentum :)
Nice little announcement from MYG on their iron ore resource. With very little capex this could be a nice little earner for them while they look to finance their copper/gold deposit Deflector.
forgot to mention CAS Crusader (i hold)
126 mill shares
mkt cap $27 million !!!!
Directors hold 15%
Reserve of 1.61 mill oz (1.18g/t)Gold . Total resource 2.43 mill oz @ 1.10g/t.
80,000 m drilled + Completed PFS Final feasibility in progress
Excellent infrastruture
Low cost low govt royalties @1%.
4500 sq km exploration area 100% owned
PLUS
Iron Ore now producing @ nameplate
Jorc ind 36 M/T @ 43.5% /FE
plus Lump high grade hematite > 64% /Fe
Licenced for 300,000 tones per annum
Awaiting for full mining license, pending.
Iron Ore buyers close by (smelters etc) with sales contracted to them, multiple sales contracts in place.
stripping ratio intial 0.15:1 moving to 0.21:1
Thanks Joshuatree, its one I hadn't come across. They do look interesting. I like that Macquarie is backing them as well as they don't normally back mugs at an early stage.
Not exactly all juniors but here's a view on possible takeover candidates in the sector.
http://www.thebull.com.au/premium/a/...der-watch.html
GOR bolting out of the gate this morning :)
Funny old day, gold higher yet most of my gold stocks are off a little. Must be some profit taking going on me thinks. I used the opportunity to sell some yesterday & bot back in today so the pattern suits me fine as long as we see the juniors rebound. Very mindful of the Syrian situation as its starting to put a premium into gold that wont be permanent.
Glad I took some money off the table late last week. Now looking for opportunities to reinvest. Sold out of GOR at 10.5c after picking up at 6.7c & then bought back in in the low 9s & sold out again at 10.5c. Looking to get back in again now, but need it to pullback. Its a great trading stock, but will definitely at some stage buy & hold this one.
Back in GOR! Love this stock, good liquidity & it moves around with a great fundamental story!
I think gold is set to go for another run above $1400 this week so should see gold stocks back on the boil. Obviously what unfolds in regards Syria will be the driver. Good luck! Off to the NZ High School basketball champs to coach my local school team, so be out of action for most of the week, but will try & clock in from time to time.