The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@DJS@PamplonaTrader Absolutely! Those results plus Aguinaga's are when the fireworks will really start. I know this is pumping which I normally don't do, but IMO Cascabel is a world-class district and its best deposits (and the best part of Alpala) have yet to be discovered. $CGP
@DJSThanks @PamplonaTrader. Fully agree -- still major upside of over a dozen more viable drill targets in Cascabel, beginning with Aguinaga. I have kept averaging up, as recently as 30 cents, and now hold 450K (on the bid for some more if it dips a bit) at an ACB of a dime. I hold at bit of Solgold too but was too slow on the trigger there and missed the real cheapies.
@PamplonaTraderI think some ppl take one look at the stock chart and hesitate to buy thinking that they've already missed the move.
$SOLG.L is going to drill test Aguinaga by mid-year. If they produce results that resemble anything close to the 1km @ 1% CuEq intercepts at Alpala, $SOLG.L/$CGP is going to go bananas.
@PamplonaTraderI appreciate The Angry Geologist for trying to be unbiased in his post. Per his/her disclosure, he/she owns shares. However, I disagree with his/her suggestion that Alpala is a mature exploration project and that people will start to experience "Alpala fatigue".
In the comments section, TAG's notes are much more upbeat:
"This looks very positive and suggests that the Alpala Central deposit may extend as far as hole 24 to the SE"
The company has provided that the deposit is open along strike to the NW and to the SE where they are drilling hole 24.
The company also believes that they will hit a higher grade core where CuEq grades could potentially double. If they are right, hole 24 could be the richest intercept ever recorded (on the basis of CuEq% * m) and could extend strike by 570m, which would double the footprint of the deposit.
So... double the deposit size and on a globally significant hole with potentially 2x the grades. Does anyone here really believe the market will simply shrug off those kinds of results?
If I were to compare this to another favorite company of mine, $NXE, this would be like buying before the A2 high-grade subzone was discovered.
@PamplonaTraderTechnically, $SOLG.L is pushing resistance at 46p.
If it breaks out, the measured target is to 56p which, coincidentally, would give $SOLG.L a fully diluted EV of exactly US$1bln.
This would imply a fully diluted share price of C$0.61+ for $CGP, or 50% upside from here.
I think pending results from hole 24 will be the catalyst and is also reason why I've (so far) accumulated 850k shs of $CGP and 200k shs of $SOLG.L.
@PamplonaTraderThe company will also test Aguinaga, a monster open-pittable target, in a couple months. They hit there and it will completely blow the lid off the price. It will serve as proof of concept and, in just one hole, turn $SOLG.L/$CGP from a 1Bt discovery play into a 10Bt district play.
@PamplonaTrader@ZipperHead probably wrong.
The fact that they are drilling vertical hole 62 from the same collar as hole 60 would indicate hole 60 was a successful stepout.
My guess is they missed hole 59 so South Ayawilca could be cut off at the fault to the NW.
@teevee@PamplonaTrader, Alpala central? first its deep, second, they haven't drilled the potential extension-this is faulted, tectonized terrain, third, I don't buy shares in companies that have "deposits" below valley level in mountainous terrain due to fractured bedrock usually having a high groundwater charge, often resulting in high pressure, high volume water inflows. If you want some insight into just how difficult it is to develop deep, high grade tier 1 deposits, look at the Wafi Golpu Cu-Au porphyry deposit owned and operated by Newcrest Gold and Harmony Gold. Wafi Golpu even has large open pit gold deposits on top of it and surrounding it. Newcrest and Harmony have been trying to figure out how to develop Wafi Golpu for many years now.
@ZipperHead@PamplonaTrader You nailed it with "At $0.66 the market is pricing in 40Mt or more than double the currently defined resource." and keep in mind that the 18.8mt of 8.2% Zn-EQUIVALENT is sub-economic on its own but possibly feed in the event they can find enough 10%+ ore to justify a starter zone. Which means they are starting from scratch capped at $166.7 million. Tough to pull the trigger without that starter zone of a least 20m tonnes.
@PamplonaTrader@teevee maybe you know more than Newcrest, maybe you know more than Warren Irwin (who has actually been to site unlike some desktop critics), or maybe you just like playing devil's advocate and enjoy the attention?
@DJS@PamplonaTrader Great posts above re Alpala's potential to double in size AND deliver a globally significant hole in the process, and Aguinaga's district-making potential. Alpala already has tons of drill results to signal the very strong potential of Hole 24 and Aguinaga has a delicious outcrop from which to extrapolate the likely shallow location and strong grade of the orebody. In other words, there is still risk but it has been significantly (Alpala) or partially (Aguinaga) mitigated. $CGP
@teevee@PamplonaTrader, $CGP Alpala central? first its deep, second, they haven't drilled the potential extension-this is faulted, tectonized terrain, third, I don't buy shares in companies that have "deposits" below valley level in mountainous terrain due to fractured bedrock usually having a high groundwater charge, often resulting in high pressure, high volume water inflows. If you want some insight into just how difficult it is to develop deep, high grade tier 1 deposits, look at the Wafi Golpu Cu-Au porphyry deposit owned and operated by Newcrest Gold and Harmony Gold. Wafi Golpu even has large open pit gold deposits on top of it and surrounding it. Newcrest and Harmony have been trying to figure out how to develop Wafi Golpu for many years now.
The 3 porphyry miners that know all about block caving in deep underground mines are Rio Tinto, Freeport and Newcrest. Newcrest did take a 10% position in $SOLG, but I wouldn't read too much into that, as exposure to exploration for this type of deposit is part of their mandate. If anything, Newcrest's interest could deter a takeover by others that may only be interested in 100% interest. It will likely take much more than $200 million to drill and define any resources. Does $SOLG and $CGP have the ability to raise that kind of money on an ongoing basis? Investment bankers that can put up 9 figure money generally don't accept dilution, so share capitalizations could expand while the share price is stagnant.
@PamplonaTraderKevin if @teevee spent more than 2 minutes looking at $SOLG.L and $CGP he'd realize that access to capital is the least of their worries. He'd realize that not only has Newcrest (which he says is having difficulty with this very kind of deposit in PNG) made a 10% strategic, but also has sponsorship from $GUY Guyana Goldfields. Too, the incredible upside at Cascabel has also compelled $BHP to offer $300M to earn up to 70% of the project. He says not to read too much into it but I think he means *HE* hasn't read much into anything. Also, why not ask Warren Irwin at Rosseau why he is buying 4% of $SOLG.L? He has been to site unlike some desktop critics. Does it seem $SOLG.L is having any difficulty raising capital? Also, does the stock chart look like price has been stagnating?
@teevee@PamplonaTrader, $SOLG.L and $CGP. BHP's offer simply says what it takes to advance projects like this. There is no guarantee that BHP would spend that amount, as they would do so ONLY on a results driven basis. Regarding Warren, he does his homework and he buys in early. If he were to sell or lighten up, you might only hear about it after the fact. No one bats a 1000, and that includes Warren, but buying early and at a low price goes a long long way to keeping bad outcomes to a minimum. Also, CEO.CA is no place for ad hominem. Take it somewhere else.
@teevee@PamplonaTrader, $SOLG.L and $CGP financed for two years and no problem raising funds? why not bring in more drills? At 2-3 months or more per drill hole, you will be in your 80's before the project advances beyond the drill stage.....like I said, of course industry members like BHP etc have interest. Prospects like this are costly and difficult to generate, and large Cu and Au mining companies are bound to express interest and want to buy in via exploration expenditures, but there are no guarantees the projects will make mines.....$NRN? yes, and I also provided lots of caution about the risks, unlike how you attempt to pump and front run by spinning interest from companies like BHP and Warren Irwin's investment in this prospect to be something more than what it is. There is an old saying- "you can slide further on a scoop full of bullshit than on a yard of gravel"...however, I see you prefer a shovel.
@teevee@PamplonaTrader, good results, however one drill hole, or a few drill holes don't make a mine. A few additional risks to consider: geopolitical risk-we all know what happened with Fruta del Norte in Ecauador; what about the geothermal gradient in the ring of fire? probably hot at 1000m depth; oh, and then there are earth quake hazards in the South American cordilleran which often impact the open pit mines. Imagine the potential damage from a 6.0 earthquake on the shafts, drifts and infrastructure of a deep block cave operation. You may have noticed that a small 4.5 R earthquake just shut down Newcrest's flagship deep underground block cave operations at Cadia-hopefully they will be back up and mining sooner than later....