Cora Gold Share Discussion Threads

[bigberty99] 04/8/2021 08:53

Next news is month away

[bigberty99] 04/8/2021 08:53

Buying has dried up like a prune

[bigberty99] 04/8/2021 08:50

Pumping head ceased across all lse twitter mess everyone trying to offload and dump and wait for 10p then buy in again and claim they have topped up

[tidy 2] 04/8/2021 08:40

Has to be said CORA results better than OMI and GGP by a long shot.

[qs99] 04/8/2021 08:35

Thanks Ed really informative

Have a good day mate👍

Cheers
QS99

[bigberty99] 04/8/2021 08:32

Now for the drop

[tigerbythetail] 04/8/2021 08:24

Congratulations to all invested here - today's results are truly exceptional.
I knew I should have bought before, but I'm not going to go chasing it today.
But this is the real deal - world class.

[edgein] 04/8/2021 08:16

QS99,

There are other differences too, CORA's discoveries go from surface down to about 99-140m with lots of shallow high grades (GGP lower grades and circa 600m). Also they have a funding offer in place for construction if their DFS can match their scoping study (that's likely to be far exceeded given this current drilling programme). So no need to JV and dilute the asset. So costs are tiny here compared to GGP.

Regards,
Ed.

[bo doodak] 04/8/2021 08:05

Its been a long wait for the market to catch on, but maybe we are finally gaining traction

[avsome1968] 04/8/2021 08:02

Keep them coming Cora excellent grades again

[qs99] 04/8/2021 08:01

Wow, agree, those are some grades and width/depth. Lovely job, if it were in AUstralia like GGP we would see a much higher market cap IMO! DYOR etc

[corrientes] 04/8/2021 07:54

I'd agree with that molatovkid, but in theory only for that's not how the market works. With your presumed experience in these matters, today's small cap should be telling you otherwise.

[tidy 2] 04/8/2021 07:50

Impressive

[molatovkid] 04/8/2021 07:30

Only one problem, takes bloody years to get a mine up and running.

Plenty of time to wait this one out and pick up on the cheap.

[catsick] 04/8/2021 07:29

These are ridiculous grades to be getting for oxide ore that is minable in a fairly shallow pit, the irr of this project is going to be off the charts

[smudge104] 04/8/2021 07:27

Stunning drill results

[edgein] 04/8/2021 07:17

Good lord, when you think things can't get better with the current drill programme they go and do this. More amazing grades and widths outside of the current pit plans, again more Bonanza grades in there. CEO sums it up perfectly:

Bert Monro, CEO of Cora, commented, "49m @ 15.55 g/t Au and 32m @ 7.83 g/t Au are two further fantastic holes from the ongoing drill programme at Sanankoro. Even more significantly, the objective of this drilling has been to extend the existing 65m average depth pit shells at Selin deeper, and these initial results provide a great deal of encouragement as we target an updated resource at the end of this programme."

Regards,
Ed.

[oapknob1] 02/8/2021 17:26

Hold the bus ?

[edgein] 02/8/2021 13:57

Corrientes,

Nice one, agreed. We should get the next batch of assays any day now. Its definitely interesting that they've decided to keep the rigs on for an extended campaign as that'll save on getting them back at a later date.

Regards,
Ed.

[glavey] 02/8/2021 13:18

"Yes, you do like to ramp."

[corrientes] 02/8/2021 12:53

Edeein - I have/had a fairly large holding in GCY on the ASX, but it has been a disaster so far. I am old enough to remember the good old Poseidon days of the 1960's and 1970's which was like being in the Wild West. Did reasonably well then. My best investmant ever was in a Canadian Ecuadorian based copper outfit where I did exceptionally well. The company was eventually taken out by a Chinese outfit.

Yes, the backers of Cora know their game, and which was one of the main contributory reasons for my investment here.

[edgein] 02/8/2021 11:54

Corrientes,

My largest mining holding is Calidus on the ASX which is very similar to these chaps, another shallow large discovery, easily open pit, they're about to go into production early next year and have large backers (Ozzy bank, plus other large holders). CORA are my largest holding in the AIM miners since selling EUA, for very similar reasons. Great shallow grades, mainly oxides, should be easy to recover. Then we have a highly successful and experienced management team here and large mining related backers. They have a track record that speaks for itself and now that the drill results have come in to match everything is lining up now. With the pre-agreed funding package (dependent on the outcome of the DFS) things look as if they're progressing very much as planned (or well ahead of plans given the results to date). So an easy hold for the future given the additional potential of these assets beyond what they have already discovered.

Regards,
Ed.