Cora Gold Share Discussion Threads

[corrientes] 18/1/2020 10:27

All these prognostications based on today's news, for a company which is in its infancy, and good news is treated as a glass half empty.No point investing in explorers with this attitude,but the PM market for small companies has always been sentiment driven which at the moment is dire. This won't last forever, particularly if ever increasing stock market valuations are eventually seen to be based on no more than share buybacks aided by lots of free money creation.

[plat hunter] 17/1/2020 20:25

Chip, LLPExcellent posts, I too think this is an excellent opportunity but there's going to be a lot of dilution from here.It's all well and good having HUM pull the strings, but HUM won't put up the capex alone and they'll want shares.Easiest way to do that is pack of one of your BOD members to go and be the CEO at the new place.If i can pick up here for an average of 3.5p by 2026 then i'll be well happy.

[zhockey] 16/1/2020 16:32

3 year LoM and 70% recovery. That's pretty poor.

[chipperfrd] 16/1/2020 10:55

LLB,

Yes, I agree entirely. They have a number of different projects in their pipeline and quite a degree of optionality on top of this very promising scoping study on Sanankoro.

[laurence llewelyn binliner] 16/1/2020 10:49

#Chip... sooner or later CORA will be lining up the next project for HUM.., or maybe a JV.. it is a long way out and after or parallel to Yanfolila.. but pipeline progress all the same.. :o)

[chipperfrd] 16/1/2020 10:40

baddeal,

This is only an initial study based on Inferred resources. They state that they have lots more work to do before they undertake a Pre-Feasibility Study (PFS).

The resource needs extensive drilling in order to move it up into Indicated and Measured categories - and they state that their drilling is ongoing.

Once they have results from a PFS (say 12-18 months time), assuming it is positive, they must then undertake a Bankable Feasibility Study (BFS) which will flesh out all costings and CAPEX requirements and raise parts of the resource to Reserve status (ie those parts of the resource that are economically mineable). That will probably be achieved by c. 2024'ish.

Then of course, that BFS can be used to raise pre-production CAPEX funding and finally start the development phase of the project (say c. 24 months on).

Put it all together and you can see that this project area will probably take until 2026 before any actual production can occur.
Chip

[baddeal] 16/1/2020 09:35

Decent update but disappointingly nothing about how they plan to move forwards from here

[goodgrief] 16/1/2020 08:01

Is there a mining project out there with an IRR greater than 84%? I doubt it!

[the deacon] 16/1/2020 07:30

Very good scoping study

[hickersp] 03/1/2020 08:48

Come on CORA!

[klosters65] 06/12/2019 12:44

But this is the Cora thread!Are you the artful dodger?

[jammydodger1] 05/12/2019 20:00

Tonight you people need to research ALGWBIG PLANS 100,000,000 million. Credit facility about to be approved and signed by a leading UK asset managerMcap of this company is only 5m nowWill be multiples And way past 20pDnt be left out in the cold

[dudishes] 05/12/2019 19:58

LLB, tks, was aware.

[corrientes] 05/12/2019 07:49

Yes, Glovey ; you're full of it.

[hickersp] 04/12/2019 11:25

Up up and away!

[klosters65] 02/12/2019 12:56

I am just wondering to what extent if any the share price of Cora is affected by the fortunes/misfortunes of Hummingbird.

[laurence llewelyn binliner] 19/11/2019 19:24

#Dudishes... Bert Munroe is moving across from HUM in the new year to join CORA as their CEO, taking over from Jon Forster and there is a great deal of synergy between the 2 companies, with the potential for CORA to provide or JV their future project pipeline..

Let us see what the drilling of Sanankoro returns, and what they do with it, close to Yanfolila too..!

[dudishes] 30/10/2019 01:21

Hum have a decent stake, maybe talent could be transferred/advised? I am a holder of both.

[dudishes] 30/10/2019 01:03

Director selling?

[omgcap] 23/10/2019 17:13

Latest Crux Investor interview with Bert Monro:

They also spoke with Dan Betts of Hummingbird:

[hickersp] 15/10/2019 08:14

Nice piece in IC 11/17 October page 26 which outlines how undervalued CORA is compared with peers....DYOR