Cora Gold Share Discussion Threads

[chesty1] 24/8/2021 11:15

Very nice.....Bring on the next round of assay results (or will the next RNS be something even juicier)

Happy Times ahead.

[bumpa33] 24/8/2021 11:01

Not a bean to be had on the offer right now…

[chesty1] 24/8/2021 10:24

Let the trend be your friend!

Enjoy

Edited:

Strong push north is coming!

[chesty1] 24/8/2021 07:26

Nailed on blue day here folks!

[plat hunter] 23/8/2021 21:41

Q2g, There always new mines, they just don't all out of the sky you brain dead cretin

[plat hunter] 23/8/2021 21:40

Lol at smudge.. yes yes of course, filter away nothing to see here, no need for dilution, they have loads of money in the bank lol

[q2g] 23/8/2021 21:29

Naturally par for the course, Plat Hunter. You are myopic and pessimistic. Try and look at the other side of the equation as well ; likely gold price, and the AISC. According to you, there can never be any new mines, but somehow or other, they do get built.

It must be a bundle of laughs living in your household !

[smudge104] 23/8/2021 20:23

Filtered, simple

[plat hunter] 23/8/2021 17:45

You miss understand Smudge, I have nothing against Cora. I was merely pointing out how hilarious your post was claiming that they'll be pouring gold next year and that gold producers have higher share prices than 14p.


It's also amazing that you think they can build a plant for 21 million usd. They'll need at least 100 million, so where's the other 79 million coming from? Also Term sheets are non binding, even on the delivery of a DFS they can walk away. If they don't then that's 21 million dollars worth of dilution.


Wowsers, as it stands that's circa 60% dilution on current mcap, just to fund the equity part of the finance assuming that it'll be a 80/20% ratio. Ramp away lads you're gonna need it.

[smudge104] 23/8/2021 16:29

TPI is suspending its base-case risk-adjusted equity valuation ahead of updated mineral resource estimate

Today’s news adds further weight to the expectation that Cora’s latest drilling campaign and prospective DFS have potential to deliver
significantly improved mining economics for the Sanankoro Gold Project. With the current share price now close to the target set
back on 18 November 2020, TPI is now suspending its assessment in anticipation of publication of a substantially improved compliant
mineral resource estimate before the end of 2021 followed by construction of a gold mine in 2022. The original assessment determined
a base case DCF valuation of £37.8m, implying an adjusted target price of 18.4p/share; an updated valuation will likely not only factor
in the anticipated resource enhancement, but also adopt less prudence in terms of the forward gold price (previously set at US$1,600/oz
and presently trading at over US$1,785/oz)), while possibly also reducing the previously applied 8% discount rate as well as
multiplying the modest £3.8m exploration upside that had been assumed. This is before even considering the additional opportunity
presented through the Company’s Madina Foulbé Project (or Diangounte East or Yanfolila), whose potential has already been
suggested by the large soil geochemical anomalies encompassing the prospect along with positive historic drill results. Having also
been based on just a limited resource and a short three-year LOM, centring the new drill programme on opportunities such as Dako
II (where mineralisation has been intersected up to c.175m at depth), substantial upside potential remains given that under 25% of
the prospect’s total 40km strike length has been drilled to date.

Cora’s ability to continue progressing Sanankoro’s development toward mine site construction over the next 18 months or less, as well
as continued execution of successful exploration programmes within its other prospects, remain the key drivers of its valuation. In
this respect, potential upside for Cora was highlighted in a Research Update published by TPI on 1 March 2021, in which comparison
was drawn with what is probably its most obvious albeit more advanced peer, regional Malian gold miner Robex Resources Inc.
(‘Robex’, TSXv: RBX). Robex filed an updated NI 43-101 technical report containing the mineral resources/reserve estimates for its
Nampala mine as at July 31, 2020, which resulted in the extension of its LOM to over eight years, despite achieving a head grade of
only c.1.00g/t, compared with the 1.50g/t indicated for Sanankoro in its Scoping Study. With Robex’s market value having multiplied
around 4-fold over the past 24-months following its delivery of best production expectations while also responding to an improved
gold price, this performance presently awards it an enterprise value of c.CND$233m with shareholders also having benefitted from a
dividend pay-out that implies historic yield of almost 8%.

[plat hunter] 23/8/2021 15:44

Yes smudge do some research.You're way off mate

[smudge104] 23/8/2021 14:48

Plat do some more research, already funded and based on lower grades

US$21m Term Sheet to finance the development of Sanankoro on completion of a positive DFS

[plat hunter] 23/8/2021 14:43

What kind of a build is it going to be, how much will it cost, how will it be funded etc etc??? I could go on some more but you get the gist. Core will not be producing gold in 2022 to suggest so, is nothing short of absurd

[chipperfrd] 23/8/2021 12:59

re my list above: clearly many other factors come into play regarding economics of any deposit. Depth and nature of mineralisation are major factors.

Although the column spacing has been mucked up it can be seen that the 'From (m)' (ie where the mineralisation was first encountered) shows that all these intercepts are shallow and, as we know from Cora, the oxidisation (ie weathering) goes down to 70m+. Therefore, both extraction and processing are made simpler and cheaper.

Hence, these deposits are looking very good IMHO.
Chip

[chipperfrd] 23/8/2021 12:33

An accepted way to estimate the economics of gold drill intercepts is to multiply the intercept (m) by the grade (g/t) ie gram-metres.

A g-m of 10 can be considered marginal.
A g-m of 50 is pretty good.
A g-m of 100-200 is very good
A g-m of greater than 200 is exceptional.

So far CORA drill results at Sanankoro have come up with 40 intercepts that are above 50 gram-metres and a good proportion above 100.

Here is a listing of all intercepts better than 50 gram-metres with an estimated contained value per tonne based on the current gold price.


Hole no. Zone Date End of hole (m) From (m) Intercept (m) Grade (g/t) Gram x Metre Value/tonneSC0484 SELIN 04/08/2021 99 49 15.55 762.0 891SCO379 A 07/07/2021 65 19 31.56 599.6 1808SC0471 B1 18/08/2021 160 2 146.43 292.9 8389SC0488 SELIN 04/08/2021 45 32 7.83 250.6 449SC0489 SELIN 18/08/2021 70 32 6.92 221.4 396SC0162 SELIN 07/03/2019 95 49 46 4.48 206.1 * 257SC0360 SELIN 07/06/2021 22 56 3.54 198.2 203SC0459 B1 23/07/2021 90 8 19.11 152.9 1095SC0453 B3 23/07/2021 29 32 4.43 141.8 254SCO384 A 07/07/2021 98 21 5.75 120.8 329SC0405 C 07/07/2021 115 14 8.54 119.6 489SC0311 SELIN 05/05/2021 20 54 2.07 111.8 119SC0490 SELIN 18/08/2021 52 66 1.58 104.3 91SC0422 A 14/07/2021 117 17 5.54 94.2 317SC0365 A 16/06/2021 66 29 3.23 93.7 185SC0311 SELIN 22/04/2021 20 52 1.78 92.6 102SC0140 SELIN 07/03/2019 65 17 48 1.91 91.7 * 109SC0412 A 14/07/2021 34 44 2.04 89.8 117SC0141 SELIN 07/03/2019 37 17 5.10 86.7 292SC0404 C 07/07/2021 70 7 12.17 85.2 697SC0427 A 14/07/2021 123 15 5.56 83.4 319SC0413 A 14/07/2021 46 15 5.43 81.5 311SC0443 B3 23/07/2021 32 28 2.85 79.8 163SD0006 SELIN 07/03/2019 70.5 18 24 3.19 76.6 183SC0485 SELIN 04/08/2021 95 12 6.37 76.4 365SC0333 SELIN 24/05/2021 77 13 19 4.00 76.0 229SC0486 SELIN 04/08/2021 72 32 2.35 75.2 135SC0312 SELIN 05/05/2021 80 13 34 2.14 72.8 123SC0312 SELIN 22/04/2021 13 34 1.98 67.3 113SC0428 A 14/07/2021 110 20 3.20 64.0 183SC0331 SELIN 24/05/2021 113 16 24 2.50 60.0 143SC0487 SELIN 04/08/2021 88 35 1.65 57.8 95SC0410 A 14/07/2021 26 19 3.03 57.6 174SC0407 C 07/07/2021 86 24 2.32 55.7 133SC0411 A 14/07/2021 41 13 4.03 52.4 231SC0425 A 14/07/2021 63 10 5.22 52.2 299SC0366 A 16/06/2021 32 32 1.63 52.2 93SC0419 A 14/07/2021 20 16 3.25 52.0 186SC0491 SELIN 18/08/2021 50 37 1.40 51.8 80SC0403 C 07/07/2021 74 30 1.68 50.4 96


Chip

[corrientes] 23/8/2021 11:33

Plat Hunter - in your case, as proven on other threads, it's far better to keep quiet and let people think you are a fool, rather than open your mouth and let everyone know you really are a fool.

[bocarugga85] 23/8/2021 10:25

Rational discourse has no place here Plat Hunter.

[plat hunter] 23/8/2021 10:15

Apart from the small facts that Cora don't have a DFS or any processing capabilities, how on earth does mining gold automatically have a minimum 14p share price.Are we not going to look at things like earnings per share and total issuance... Just draw a line in the sand for a guaranteed price eh?

[corrientes] 23/8/2021 07:44

You seem not to have commented on this one before, but clearly you're interest as opposed to your ever depressing HUM.

[smudge104] 20/8/2021 08:27

I’m just building for the medium term, IMO there is no way that a company mining gold in 2022 will be 14p

[chesty1] 20/8/2021 08:20

Well done Smudge! I am loaded with no funds to play with!

[smudge104] 20/8/2021 08:14

Managed a 100k top up at 14.25 no doubt delayed again