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@MiningBookGuy RE-POST with tags + comments: @marketwired/sarama-resources-announces-commencement-of-drilling $SWA $SCA #drillplays #BurkinaFaso #SouthHoundeBelt Joint Venture between Sarama (31% interest) and Savary (69% interest) on Karankasso Project This looks like an exciting drill program with multiple phases. Some of the details in this NR, but most are in the $SCA (Savary) NR posted by @MiningCatalyst. So it's important to look at both of them to know what's going on. We're looking at possibly 20000M+ of total drilling on the Karankasso JV by the end of H1 2017. Total drilling will increase if early results positive.
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@MiningBookGuy RE-POST with tags + comments + different link: Sarama Resources Targets Extensions to Mineral Resources at the South Hounde Project in Burkina Faso http://saramaresources.com/getattachment/6744ec68-fe9f-4050-9546-50353eb6ad66/Sarama-Resources-Targets-Extensions-To-Mineral-Res.aspx $SWA $ACA.L #drillplays #BurkinaFaso #SouthHoundeBelt 7,400 meter drill program has commenced -This NR link directly from the company website should help interpret the drill plan. It's easier to just scroll down and zoom in. -I like this mix of drilling. The 'depth extension' Diamond Drilling and 'linking structures' AC drilling are similar to much of the last campaign. This is very clearly focused on going for an 'Acacia-sized' deposit, looking for deep, high-grade extensions, and getting a better handle of the structure since it's very complex. But this type of drilling may require a lot of follow-up to increase the resource. But the 'corridor extension' at the Djimbake Prospect could immediately increase the resource. Even better, it could increase it for a 'Sarama-sized' deposit that is smaller scale, maybe heap-leachable. In 2015, Sarama had success 'discovering' mineralization across the entire Kenobi Prospect on the map (just a bit north of Djimbake). This is very similar. Even low-grade, near-surface mineralization could be valuable throughout Djimbake. I look forward to seeing these results, and it's great to know that $SWA has a very solid 'back-up plan' if an 'Acacia-Sized' deposit doesn't work out with $ACA.L. -While the NR does not make this crystal clear, I believe all of this drilling is BEFORE $ACA.L enters the next phase of the earn-in. This means that this drilling is kind of a 'bonus' (IMO), as the last part of the initial $7M USD spend for Acacia to earn 50% of the project (I initially thought this was all spent). I should clarify this with management soon. But it would be nice if this was true, meaning a full $3.5M USD spend is available starting in January 2017 for the entire 2017 year on the South Hounde Project. -This IS in the #SouthHoundeBelt. But it has NOTHING to do with $SCA (Savary Gold). $ACA.L (Acacia Mining) is earning into the South Hounde Project owned by $SWA (Sarama), which already has a 2.1M oz inferred resoruce. I am sure at least a few people misinterpret this, because it is confusing with the similarity in names and proximity. But it's one of a few key reasons I like $SWA (Sarama) far more than $SCA (Savary) at today's respective market-caps/price-levels. It's exciting that $SWA has exposure to 2 separate drill programs right now.
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@Excelsior $TGZ $TGCDF Teranga Gold - Investor Presentation November 21-25, 2016 #GOLD West #Africa #Production Swiss Mining Institute Conference (Geneva) http://s1.q4cdn.com/851853033/files/doc_presentations/2016/11-21-2016-Teranga-Gold-Swiss-Mining-Final.pdf
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@Excelsior $BTO $BTG B2Gold gets set to dig in #Mali 11/23/2016 - 11:30 AM EST - #BNN #Africa ~AUfrica #GOLD #Index Clive Johnson, president and CEO of B2Gold http://www.bnn.ca/commodities/video/b2gold-gets-set-to-dig-in-mali~1001195
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@MiningBookGuy $WAF $WAF.AX - West African hits 9m at 94 g/t Au at M1 South, including 2m at 282.61 g/t Au http://www.asx.com.au/asxpdf/20161128/pdf/43d8184s5yjt3z.pdf #DrillPlays #BurkinaFaso #gold #index Highlights: • Further high-grade results at M1 South: 9m at 93.55 g/t Au from 183m, 11m at 7.43 g/t Au from 279m and 7m at 6.92 g/t Au from 293m ended in mineralisation • Deepest results to date, outside current resource area, down dip of previous drilling • New results to be included in resource update in Q4 2016 • Feasibility study on track for reporting Q1 2017 • $19.5m cash at bank and no debt
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@MiningBookGuy hey ~AUfrica followers! i really need to catch up on posting some interesting content here (much of it is hanging out on my twitter feed). But here's an unexpected one that just hit my email inbox:
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@MiningBookGuy $AOP.AX Apollo Hits 17m @ 22.52g/t Gold (including 1m @ 261.46g/t Au) in RC Drilling Antoinette Gold Prospect, Cote d’Ivoire http://www.asx.com.au/asxpdf/20161130/pdf/43dbsgqwbxdsv4.pdf #IvoryCoast #Gold #drillplays #exploration #WestAfrica #Africa #index Argh, maybe I should have bought this one before the halt! Well, next best thing is to introduce this one to CEO.CA. While lots of narrow, high-grade intersections, there are some juicy numbers in the highlights. This is looking really interesting in #IvoryCoast (I've been following the few juniors here for a while now). Will be interesting to see how it trades the next few days. Also keep in mind a few projects in $AOP.AX, some in #IvoryCoast and some in #Australia.
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@MiningBookGuy $ACA.L Exploration Roundable - See http://cdn.ceo.ca/1c3ua02-Exploration_Roundtable.pdf And more importantly the powerpoint here: http://www.acaciamining.com/~/media/Files/A/Acacia/presentations/2016/Exploration%20Roundtablev2%20-%20Nov%202016.pdf #exploration #gold #Kenya #BurkinaFaso #Tanzania #Mali #WestAfrica #EastAfrica #Africa #index Lots of great visuals/descriptions on $ACA.L (Acacia Mining) #exploration program in 2017. But it's especially relevant to me as a shareholder of $SWA (Sarama Resources) and $THX (Thor Explorations), with great details on an emerging district: the #SouthHoundeBelt in #BurkinaFaso. Must see stuff, especially if you're interested in $SWA (deserves a #drillplays tag for $SWA and $THX). I'm happy to discuss further, but will just highlight the most useful slide numbers for me: p. 3, 5, 14-19, 36, 38, 43-44
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@Excelsior $ROG $ROGFF Roxgold CEO: I'm mining in Burkina for barely more US$700 per ounce Roxgold's Yaramoko mine in #BurkinaFaso has reached commercial #production , and #exploration drilling suggests that the deposits could grow. We take a look at the project with CEO John Dorward. #GOLD #Africa ~AUfrica #Index http://www.bnn.ca/commodities/video/roxgold-ceo-i-m-mining-in-burkina-for-barely-more-us-700-per-ounce~1005429 Roxgold About To Roll - Dec. 1, 2016  - Itinerant http://seekingalpha.com/article/4027396-roxgold-roll?auth_param=c9otd:1c42hh9:3020c24e4bd8ca3181b2557c04f705b3&uprof=45
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@Excelsior $PRU $PMNXF Perseus Mining Limited settles dispute with former Amara mining contractor (Marketwired - Dec. 1, 2016) #Africa ~AUfrica #Gold #Development #Production Perseus Managing Director, Jeff Quartermaine Comments: "We are pleased that this legacy issue from the Amara transaction has now been brought to a close and we can get on with implementing our growth strategy to transform Perseus into a mid-tier gold producer, unimpeded by this legal action. In this respect, we are looking forward to commencing drilling at the Yaouré Gold Project in Côte d'Ivoire later this month and delivering a Definitive Feasibility Study for the Yaouré Gold Project around the middle of 2017." http://www.marketwired.com/press-release/perseus-mining-limited-settles-dispute-with-former-amara-mining-contractor-tsx-pru-2179886.htm
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@MiningBookGuy $MOD.AX - Mod Delivers Robust Scoping Study For T3 Project http://media.wix.com/ugd/a5d095_0cb7d78ec1cb49199df301a80ed14447.pdf #Botswana #copper #silver #Africa #index Partial Highlights: A preliminary base case model has been prepared using a consensus copper price of US$2.53/lb Cu. The base case model indicates robust financial metrics which include an estimated average annual pre-tax cash flow of approximately US$44M pa, a pre-tax NPV10% of approximately US$180M and an IRR of approximately 31%. LOM C1 costs are estimated to be US$1.29/lb Cu including silver credits. The estimated project cost (±35%) is US$135M (MOD share US$94.5M), including US$18M capital for pre-strip costs and US$18.3M contingency. The expected payback period is 2.6 years.
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@MiningBookGuy $BYR.AX $BYR - Strong drill results increase Kebigada mineralisation at Giro Gold Project http://bit.ly/2h4uf6x #DRC #drillplays #gold #Africa #index
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@MiningBookGuy $WAF $WAF.AX - West African awarded Environmental Permit for Tanlouka, Appoints Key Management http://www.asx.com.au/asxpdf/20161208/pdf/43dkr8vz8hq14y.pdf #BurkinaFaso #gold #WestAfrica #Africa #index
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@Excelsior @hunter - $SBGL are major players in S. #Africa for #GOLD and #Platinum and have been gobbling up PGM assets with their takeover the Rusterburg from Anglo American Platinum, and Aquarius platinum projects and they are going to be one of the largest players in the PGM space after this $SWC acquisition. ~AUfrica Results of the general meeting - Acquisition of the Rustenburg Operations (from Anglo American) January 18, 2016 https://www.sibanyegold.co.za/investors/news/company-announcements/2016/item/206-results-of-the-general-meeting-acquisition-of-the-rustenburg-operations South Africa Competition approval - Aquarius Transaction March 17, 2016 https://www.sibanyegold.co.za/investors/news/company-announcements/2016/item/234-south-africa-competition-approval-aquarius-transaction Neal Froneman elected as Mines and Money CEO of 2015 December 04, 2015 https://www.sibanyegold.co.za/investors/news/company-announcements/2015/item/202-neal-froneman-elected-mines-and-money-ceo-2015 *I respected the way Neal went after the Unions and Government in S. Africa and called them out on over-reaching and warned they'd tank the whole industry there if they kept up with their nonsense and it was quite effective. He's got a pair, and is not afraid to take on the government and stick up for mining (similar to Keith Neumeyers letter and vocal comments on the Silver manipulation)
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@MiningBookGuy Stillwater platinum deal runs deep http://www.miningweekly.com/article/sibanyes-stillwater-platinum-deal-runs-deep-2016-12-09/rep_id:3650 $SWC $SBGL #Platinum #Palladium #PGMs #gold #SouthAfrica #Africa #Montana @Hunter @Excelsior - some more insight on the transaction in the article above. In addition, @Hunter might want to know more about $SBGL history. If you didn't check that room closely yet, I made some commentary here over the summer: https://ceo.ca/sbgl?86cab51b8bb5 I personally think this is a very interesting transaction, not what I expected in terms of being outside of #Africa. BUT, it we may look back at it as a brilliant transaction, since there are so few PGM producers in 'safe' jurisdictions like $SWC. Of course, it needs to be voted through in 2017, so we'll see if shareholders are happy on both sides. Last thing, a quote from the end of the article: [In #gold, Sibanye is in the top ten with 1.5-million ounces a year and it sees the window of acquisition opportunity in gold reopening. “We believe that this is a transformative transaction at a positive time in the cycle. With world-class operating assets and resource base, we are creating a cash-generative, globally competitive, South African mining champion,” Froneman added.] Don't be surprised if they follow this up with a #gold transaction in #Africa, which is why this is very relevant to ~AUfrica. In any case, $SBGL is showing they are a big player this cycle!
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@Excelsior "Don't be surprised if they follow this up with a #gold transaction in #Africa, which is why this is very relevant to ~AUfrica. In any case, $SBGL is showing they are a big player this cycle!" - @MiningBookGuy Well said !! Now, the challenge is to pick the acquisition targets before the big boys move in and scoop them up. Thanks goodness for this panel where we can all stay updated on mining activities in #Africa .
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@MiningBookGuy Ok, so this mega-post is in response to all the $TGZ comments last night...you've basically forced me to do this! haha I'm posting in ~AUfrica, but this is focused on the #mbgtrends commentary (in case there are people checking the $TGZ room and are a bit confused). Incredibly, $TGZ seems to have turned into an #mbgtrends group pick! I'm not sure how I feel about that (I don't usually work well in groups, lol :P ), but there's definitely good reason for us to like it! Yes, I am big fan of $TGZ recently. Last night, there was a $TGZ lovefest here, with @Jayfire @FundamentalAnalysis @Excelsior @zadman ALL saying they like $TGZ, many having added recently! And then @onlyflaws & @alan showing interest too! Here's my full disclosure: I bought my first shares a month or two ago at 1.05 CAD. And I bought another batch right at the beginning of this week, around 0.80 CAD. Literally less than an hour before @Jayfire announced "this stock looks cheap", lol: https://ceo.ca/tgz?5fb6a5ce4db3 Based on current trading, clearly I made a mistake and should have waited until now! But I don't regret it, and now I'm trying to figure out if I should start to go big on this one, despite not having much available cash left (btw, I do sell juniors regularly to 'raise cash' for others, playing the 'relative value' game). So without turning this into book (just a long essay), I want to add a few points as to why $TGZ really does seem like a screaming buy, especially if you are planning to hold for the rest of this cycle: ...Actually, I'll turn this into 2 posts. stay tuned! (1/2)
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@MiningBookGuy ...ok, 'part 2' of $TGZ post for #mbgtrends & ~AUfrica, starting with my reasons for owning & getting excited to possibly buy more (some overlap with others, and some points I don't think anyone has made yet). *NOTE - don't take what i'm saying here as gospel, DYODD. but i feel really strongly about this one right now for the following reasons: 1. so even if you don't know anything else about the company, this was HUGE: Teranga Gold Completes $67.4 Million Equity Offering @marketwired/teranga-gold-completes-674-million-equity-offering I distinctly remember thinking "ugh, why did they raise at 1.05 CAD when it's trading around 1.15 CAD!?" right after I saw the initial announcement of the offering at the beginning of November. well doesn't this just look BRILLIANT now?? I mean, who else raised a huge chunk of cash at this stage, right before a crash? If you're retail like me, you should LOVE this! We are anchored to 1.05 CAD...so even if it falls further (and we're at ~.70 CAD as of today!), this is absolutely the #1 reason to be looking at this company right this moment. 2. taking this further, look at @jayfire's nice 'insider buying' screenshot from the $TGZ room (I'm only reposting the image here...btw, I had some brief private chats with @Jayfire on $TGZ, but nothing in the amount of detail of this post): http://cdn.ceo.ca/1c4tgmu-Screen%20Shot%202016-12-12%20at%2011.12.57%20PM.png+ Tablo = Mimran Family = David Mimran You have a cornerstone investor VERY aggressively buying...who knows, he might be buying more literally right now! He owns ~100M shares of this thing. Actually, if there's a possible weakness, it might be that this Mimran buying is on the verge of 'reckless', which I think has been alluded to before. But really, who can complain about the biggest billionaire insider buying like crazy?? So we've only taken a look at basic financials, and it's already possibly the most positive looking stock anywhere right now... 3. @fundamentalAnalysis made good points about being 'cheap' using tradition, 'value investing' metrics here: https://ceo.ca/tgz?8af7182c9cba Honestly, I rarely look at mining companies in the traditional way. But this is great news, because I think the 'strategy' and 'communication' are just about the best anywhere, so there's clear value in BOTH quantitative and qualitative aspects of the company! I did not follow this stock very closely when it was only Sabodala in #Senegal. But I sure got interested after the $GRY.AX acquisition, bringing in the Banfora #development project in #BurkinaFaso. And via the Mimrans, they have exposure to earlier-stage #exploration in #IvoryCoast. But the real kicker to me is how all of these interact...I love what I see in their presentations, and the last quarterly call I listened to. If you want to 'catch up' on this type of stuff, I think the recent #SwissMiningInstitute presentation is very good, linked here: https://www.youtube.com/watch?v=oQZo7hxHfnk+ and you can find powerpoints on the $TGZ website 4. And then if you look at competition, I actually think this puts $TGZ over the edge. On the upside, look at $EDV. I've owned shares for a while and sold some on the way up (wish I didn't). This is kind of the 'gold standard' for #WestAfrica emerging #midtiers. It had a market cap of like 300M CAD ~18 months ago. You can do your own research on that one. But for sure, $TGZ is using $EDV as model for their own growth. btw, $TGZ market cap is ~375M CAD right now on ~536M shares outstanding (i don't think it updated correctly at CEO.CA because of the recent capital raise). I'm not saying $TGZ is going to parallel $EDV. But the only direct competitor right now is $PRU $PRU.AX in #WestAfrica ...and they just came out with a very poor NR that no one has commented on yet: @marketwired/perseus-mining-limited-provides-update-on-activities in a nutshell, they are struggling with both their core asset (Edikan in #Ghana) and their near-term growth asset (Sissingue in #IvoryCoast). And on top of that, cash is leaving the company with a settlement related to the $AMA.L acquisition: @marketwired/perseus-mining-limited-settles-dispute-with-former I still like the 'potential' at $PRU for a turnaround...but this is EASY to choose $TGZ over $PRU as the 'next best thing to $EDV'. And keep in mind $TGZ now has a load of cash, and I do believe they've turned things around with Sabodala in #Senegal (though I still need to learn more about that history). Also a quick comment on $ROG: I do like $ROG and maybe it will get acquired soon. But seriously, just look at ALL the stuff $TGZ has going for it, and tell me why $ROG is a better value being more expensive. It just adds to story of why $TGZ is a screaming buy. Ok, will leave it here for now (not comprehensive, but i touched on the 'big points'. $TGZ is not a big position for me, but it might become one. I'm willing to share all this because it's super-liquid, and I don't think I will influence the direction of the stock. I just felt the need to give my overview with all the talking from others at #mbgtrends, that really surprised me! I've had limited private conversations on this one, so this was an outlet. Oh, and I generally do NOT like being in stuff that's talked about this much. but maybe we will look back and see $TGZ was the best risk/reward #midtier #gold #producer anywhere in the world at the end of 2016, and it was focused on #WestAfrica. I will look back at this in a few years and see if I'm anywhere close to right on that prediction! *EDIT - actually, I should have said "WE"...maybe this will be the first #mbgtrends group win! the planets have aligned for us to spontaneously get interested at the same time, lol :P final note: would be interesting to hear from @AdemTumerkan, since I know he was a huge follower and made money on this when it was just Sabodala, but not sure if he's still a fan of $TGZ with these big shifts since the acquisition.
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@MiningBookGuy posting to ~AUfrica + #mbgtrends: QUESTION from @FundamentalAnalysis: What do you think of Semafo as a midtier in that region? $SMF ANSWER from me: glad you brought this one up! $SMF has been on my radar for a while, but I didn't realize the market cap got hit so hard recently. #1 thing to me about $SMF is the #Natougou deposit...it was a huge steal, and they arguably will have the two best mines in #BurkinaFaso, with the #Mana complex doing quite well, and now #Natougou. The are also really good at #exploration (they even have some properties in #IvoryCoast, and generate a ton of cash. With that said, it's very heavily focused in Burkina. So you're lacking jurisdiction diversity of players like $TGZ or $EDV. But I am sure a compelling case can be made to own some shares based on the numbers. I'm NOT as good at digging into details of financial statements, especially for the bigger players. @FundamentalAnalysis - let me know where $SMF fits in on your midtier/emerging mid-tier rankings. Maybe I should be closer to buying at least a small position than I initially thought! #WestAfrica
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@MiningBookGuy China's African Gold Rush http://www.aljazeera.com/programmes/101east/2016/12/china-african-gold-rush-161213120529920.html #goldrush #gold #artisanalmining #Ghana #China #Chinese #WestAfrica #Africa @AJ101East #AlJazeera #cocoa #environment #index #mbgtrends I really enjoyed this ~25 minute documentary. I thought it was pretty balanced, though I would have preferred more interviews with Ghanaians (it was Chinese heavy). Still, I could watch this type of stuff all day! Great imagery, and 'real thoughts from real people'.
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@MiningBookGuy Notice $PRU is getting hammered on this news: @marketwired/perseus-mining-limited-provides-update-on-activities It's unfortunate, because I think they made one of the best acquisitions of the last few years, getting the Yaoure deposit from $AMA.L in #IvoryCoast. But I need to some clear positives in 2017 before I start considering this as a real turnaround, as opposed to a company that just never seems to get everything to click. in particular, I'm worried about cash generation with this one. we'll see... $PRU.AX
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@MiningBookGuy Interview with Richard Clark, CEO of Orca Gold (TSX-V: ORG): Highly Prospective and Underexplored Gold Project in Northern Sudan http://bit.ly/2hDeqHc $ORG #Sudan #gold #RichardClark #ArabianNubianShield #Africa #AllenAlper #MetalsNews #index Holy cow, how did everyone at ceo.ca miss this?? This interview has been out for a week, and it is the DEFINITIVE piece for Orca Gold! If you only read/see one thing about the company, this is it. Well done #MetalsNews & #AllenAlper! I'm definitely using some of this content for a future video :)
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@MiningBookGuy $EDV - Endeavour Mining Corp. “back to basics” approach makes for an undervalued investment: RBC http://business.financialpost.com/investing/trading-desk/endeavour-mining-corp-back-to-basics-approach-makes-for-an-undervalued-investment-rbc #index
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@Excelsior $IAG IAMGOLD Signs Agreement to Acquire 100% of $MXI Merrex Gold Dec 22, 2016 #Takeover #Merger #Africa ~AUfrica #Gold http://www.iamgold.com/English/investors/news-releases/news-releases-details/2016/IAMGOLD-Signs-Agreement-to-Acquire-100-of-Merrex-Gold/default.aspx I had Merrex on my list to acquire but never got it done in time. My thinking was that $HUM.L $HUMRF Hummingbird Resources, $AVK $AVNZF Avnel Gold, and $WAF $WFRSF West African Resources have more attractive projects and would be more likely takeover targets. The team at Merrex Gold is also intertwined with $FGC $FLDPF Frontline Gold (who is intertwined with $RZZ $ATBYF Abitibi Royalties.... and they're half owned by $GZZ $GLVMF Golden Valley mines just to keep it even more wild); so I’m interested to see how things get sorted out with the management teams over the next few months. Gregory  Isenor  may have a bit more time on his hands now to pursue Frontline Gold now that Merrex has been acquired: http://www.frontlinegold.com/s/Management.asp http://www.merrexgold.com/s/Management.asp Frontline Increases its exploration properties in the Red Lake District and sells Royalties Nov 29, 2016 "Frontline's $FGC purchase to exercise the option and to complete the acquisition of the 100% interest in the claims, Frontline paid the optionor a total of $14,000. The remaining payments under the purchase option totaling $24,000 and $2,000 of additional staking costs for the two Chukuni claims were paid equally by $RZZ Abitibi Royalties Inc. and $AMI AuRico Metals Inc. in exchange for a combined 2% net smelter royalty ("NSR") on the above acquired early stage exploration projects. See $RZZ Abitibi press release dated 11/29/2016:  http://www.abitibiroyalties.com/news/2016/november29/ Personally I'm still interested to hear how things are going with $FGC Frontline at those tailing projects in Turkey: Frontline announces an increase to the Loan funding to advance production at its Keban and Kambertepe Tailing ProjectsToronto, Ontario -- (June 22, 2016) http://www.frontlinegold.com/s/NewsReleases.asp?ReportID=753015&_Type=News-Releases&_Title=Frontline-announces-an-increase-to-the-Loan-funding-to-advance-production-a...
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@MiningBookGuy @Excelsior - thanks for posting! I forgot to comment, and this is important news. And great point on Frontline Gold cross-over. I haven't looked at $MXI in a while, and will be curious if $IAG has more comments on how this fits into their 2017 strategy, and #Mali #Senegal #Guinea, since the $MXI / $IAG land-package will cross into those 3 countries of #WestAfrica
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@FundamentalAnalysis Just saw this recently in regards to sudan, and how their oil reserves are potentially running lower, hence that urgency to either find more oil, or turn towards gold. https://www.youtube.com/watch?v=WSFHohZW80k+
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@MiningBookGuy Hon. Dan Kazungu on the Benefits of Investing in Kenya's Mining Sector https://www.youtube.com/watch?v=ArAd_b5opp0+ #Kenya #mining #MiningCode #ArtisanalMining #infrastructure #EastAfrica #CentralAfrica #SmallCapPower #index positive!
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@MiningBookGuy Soldiers launch mutinies in three Ivory Coast cities http://www.aljazeera.com/news/2017/01/ivory-coast-170106102552934.html #IvoryCoast #WestAfrica #mbgtrends and reposting related article with tags, from @nlepan: Disgruntled soldiers seize control of Ivory Coast's second city http://www.reuters.com/article/us-ivorycoast-military-idUSKBN14Q0V6?il=0 unfortunately, this is the worst news for #IvoryCoast since the civil war from the beginning of the decade. We have no idea what will happen next. It's my favorite country in #WestAfrica, and this could be resolved surprisingly quickly. but this absolutely needs to be monitored if you are looking at speculating in mining companies here. Will continue to post in ~AUfrica as news emerges.
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@kjm Good movie with an Africa/mining theme....Seige at Jadotville.
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@Onlyflaws Thanks @MiningBookGuy Ive been looking at Ivory Coast as well and hoping the dust settles soon enough.
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@MiningBookGuy @Onlyflaws - seems you got your wish! i'm happy too :) BREAKING: Ivory Coast: Deal reached to end army mutiny http://www.aljazeera.com/news/2017/01/ivory-coast-deal-reached-army-mutiny-170107165531494.html #IvoryCoast #WestAfrica "Two-day nationwide revolt over pay and living conditions by disgruntled soldiers comes to a close after talks."
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@Excelsior $AVK $AVNZF Avnel Gold Materially Improves Economics of Kalana Main Project in Optimisation of Definitive Feasibility Study (Marketwired - Jan. 9, 2017) - #Gold #Development #Africa ~AUfrica "The Optimised Feasibility Study (“OFS”) results indicate an increase of 25% in the after-tax NPV to $321 million, at a 5% discount rate, compared to $257 million estimated in the DFS and an improvement in the after-tax internal rate of return (IRR) to 50%, compared to the 38% IRR in DFS at a gold price of $1,200/oz." "Initial capital expenditure has been lowered by $25 million to $171 million and, accounting for pre-commercial production revenue generated from processing historic tailings from the existing underground Kalana Gold Mine, the net funding requirement to commercial production, including contingency, is estimated at $139 million, approximately $24 million lower than previously estimated in the DFS." http://avnelgold.mwnewsroom.com/Files/d3/d3e284ba-fc6f-4719-87a4-a5f611a8594a.pdf
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@MiningBookGuy BRIEF-Acacia confirms in early talks to combine with Endeavour Mining http://mobile.reuters.com/article/amp/idUSFWN1F30SD $EDV $ACA.L #africa #gold #mergers #index
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@MiningBookGuy $ANL.AX - Further Drill Results from Giro Gold Project http://www.asx.com.au/asxpdf/20170116/pdf/43fb87khnf1nbj.pdf #DRC #gold #drillplays #index $ANL.AX was formerly $BYR $BYR.AX. See those rooms for previous results/commentary.
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@MiningBookGuy U.S. Treasury Department Announces Easing of U.S. Sanctions Against The Republic of the Sudan @marketwired/us-treasury-department-announces-easing-of-us-sanctions $ORG #Sudan #UnitedStates #geopolitics #ArabianNubianShield #index Partial Quotes: [Orca Gold Inc. is pleased to communicate that on January 13, 2017, President Obama signed an Executive Order "Recognizing Positive Actions by the Government of #Sudan and Providing for the Revocation of Certain Sudan-Related Sanctions.] ["This announcement by the U.S. Government is a huge step for #Sudan on its path towards political and economic re-integration with the West. The Government of the Sudan is to be congratulated for its efforts in working towards international acceptance and social and economic improvement for its people...We look forward to introducing our company to investors that up to this point have been restricted in investing in $ORG and #Sudan."]
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@MiningBookGuy Thor Announces New Director Appointed to Board and Grant of Board and Management Options @marketwired/thor-announces-new-director-appointed-to-board-and $THX #index Dr. Julian Barnes joins as Non-Executive Director, Mr. James Philip as VP of Corp Development. $THX has projects in #Nigeria, #BurkinaFaso, & #Senegal
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anonymous Markets aren't digging the $SCA $SWA news
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@MiningBookGuy is that you @Brownie? on $SCA $SWA news: @marketwired/sarama-resources-reports-q4-2016-drill-results-for my initial impression is that it's just OK...should increase the resource, but no wide intersections, and no big discoveries (though they might be onto something). it's immediately followed up by a bigger program, plenty of drilling coming. for those paying attention, keep in mind both NRs are ONLY for the Karankasso JV, 69%/31% Savary/Sarama $SCA / $SWA. this news is far more influential for $SCA, because it's their only project
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@MiningBookGuy @nicholaslepan RE-POST with more tags: shippers in Ivory Coast halted exports after gendarmes disrupted operations at the West African nation’s largest port in the second day of renewed unrest among military personnel, according to a person familiar with the matter. https://www.bloomberg.com/news/articles/2017-01-17/ivory-coast-military-unrest-resumes-days-after-payment-pledge? #ivorycoast #WestAfrica #cocoa unfortunately brings back uncertainty. important to follow developments.
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anonymous MBG do you see the offer on your $THX at .10
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@MiningBookGuy @Brownie, is that still you? first of all, it's not 'my' $THX. but i do still own significant shares. and i do see it, and honestly, very surprised. i guess someone really wants out, despite the previous raise being completed at 0.145 CAD with no warrants. what to do now? no way i am selling here. i like the newsflow I've seen, and actually expect news on all 3 projects in the coming months. i also noticed the website design was just updated for the first time in years: https://www.thorexpl.com/ it's an odd one...on very, very few radars, and very illiquid. but tons of progress being made. if anyone has any specifics on why there might be selling, i'm all ears
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anonymous Not sure why I'm anonymous because I'm signed in.I was thinking it was someone placing stock but the order has sat there a bit long for that
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@MiningBookGuy @Brownie - ok, it's you :) just wanted to make sure because ~aufrica posts aren't supposed to be anonymous, and i can 'kind of' check to see who posts based on matching the colored dots. that's one of the benefits to #panels for me. as for your answer, i have seen 'big sells' show up from time to time. but overall volume remains low, and it's a weird stock for a lot of reasons (outside of the Vancouver/Canada scene, investors from Nigeria, etc.). this is potentially an opportunity, but i'm just holding my shares for now. I might call Segun in the coming weeks. but placements have been successful so far, and progress is being made. maybe a long-time holder just wants out. $THX
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