Cora Gold Share Discussion Threads

[chipperfrd] 23/8/2021 13:59

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 13:33

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 12:33

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 11:25

Rational discourse has no place here Plat Hunter.

[plat hunter] 23/8/2021 11:15

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 08:44

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 09:27

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 09:20

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

[smudge104] 20/8/2021 09:14

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

[chesty1] 20/8/2021 09:10

Morning Shake anyone?

[avsome1968] 19/8/2021 08:32

Chesty check out AMC nickel sulphate miner starting to awake, TEO end of the year.

[bmwman3] 19/8/2021 08:19

Ignore him he's the most ignored poster on these bb

[chesty1] 18/8/2021 13:47

Roberts1975 this is gaining strength not losing it matey! If you're trading it good luck I think you'll need it!

[roberts1975] 18/8/2021 13:26

Ah well Said this would decline So back to around 14p

[corrientes] 18/8/2021 12:29

It seems to me that there are long term holders and traders who couldn't care less about potential, but want and/or need short term profits. In this bad environment for gold shares,(see other exploration stocks with reasonable success stories) such shares presently seem to be seem immune to any positive movement in the gold price, but are very much influenced by day to day sentiment, which can even be hour to hour.

Market makers will bring down the share price at the slight opportunity to encourage sellers, for that's how they must make their money. As shorters are in the minority, I'm not surprised when I read that most traders lose money.

If someone with more experience wants to put me right, I'm happy to hear from them, but as a long term holder, I also couldn't care about day to day movements.

[chesty1] 18/8/2021 08:50

Thinking our buyer will now start loading up now things have settled! Let's see how this goes volume is key.

Every update just adds value to CORA & by the end of the year this share price will look stupidly cheap imho.

[theimpatientone] 18/8/2021 08:31

See all the brain dead traders heading for the door - don't forget to shut the door behind you !!

[jungmana] 18/8/2021 08:30

Every recent rns here sounds to my ears like the sound of the Kora.Only have a small holding here bought about 12p a few weeks back. Will add if I can

[everready1] 18/8/2021 08:12

That was my thought too .Results very good but as you say not as good as last ones but can't see this being sub 20p for long

[jungmana] 18/8/2021 08:07

The name CORA is taken from the west African music instrument KORA. A sophisticated melodious herp that is part of the culture of Mandingka people of Mali, Senegal, Gambia and Guinea. The greatest living Kora player is called Toumani Diabate. Saw him at the Barbican a few years back and was blown away by the music of the Kora.

[avsome1968] 18/8/2021 08:04

Been here a long time Everready just being honest, cant have exceptional grades all the time but they all add up, roll on the next assay results.

[edgein] 18/8/2021 07:58

Great to see more Bonanza grades creeping in there too as well as great widths and other high grades.

Regards,
Ed.

[everready1] 18/8/2021 07:56

Not referring to you AV