Georgian Min. Share Discussion Threads

[yorgi] 09/3/2016 09:47

Assets are in my view worth several times the present market cap.........still under the radar of many.

POG steadily moving the right way for us and the question is what will it be when we start producing later on this year !

There is substantial upside from this level in my view.

[sleveen] 09/3/2016 09:43

So they'll need some more cash in Q3 then.

[yorgi] 09/3/2016 09:27

Market cap is way to low, still under a lot of investors radar in my opinion.

" Having recently raised £1 million which is sufficient to see us through to production in Q3 2016,"

[iloveit] 09/3/2016 08:28

Ok so this has dropped from 6p to present price under 1p a share.Big RNS out today and what I can see is that gold has been found and is ready to be dug out .I don't think this has made headlines yet so far but news will quickly surge this up in price.It's one of those shares that will just Pop up as a massive percent rise for those that are init at the moment.Put your alert on as this will ping !

[liquid millionaire] 09/3/2016 07:11

Noricum Gold Limited / EPIC: NMG / Sector: Natural Resources
9 March 2016
Noricum Gold Limited ('Noricum Gold' or 'the Company')
Operations Update

Noricum Gold Limited, the European focused base and precious metals resource development company, is pleased to provide an update on its activities at multiple, near term production targets identified at the 861 km2 Bolnisi Project located in Georgia ('Bolnisi' or the 'Project'). These include the Kvemo Bolnisi target, from which the Company plans to commence first gold ore production in Q3 2016 and where the Company recently made a copper discovery, and the Tsitel Sopeli target, which represents the Company's second gold ore production target.

Highlights

· Drilling and mine planning continues at Kvemo Bolnisi ahead of first gold production planned for Q3 2016
o Second drill rig brought on site - campaign expected to be completed by end of March 2016
o New capture satellite imagery purchased to aid planning and scheduling
· Planning for trenching and drilling at Tsitel Sopeli at final stages - work will commence once the drilling at Kvemo Bolnisi is completed
· An initial detailed ground magnetic survey over the surficial expression of mineralisation at Tsitel Sopeli has been completed to aid production planning
· Acquisition of Induced Polarisation ('IP') unit to expand regional development and increase new discovery potential across the entire licence area

Noricum Gold Managing Director Greg Kuenzel said, "This update demonstrates the breadth and speed of both the activities underway at our two priority gold ore production targets, and also our ongoing work to continually assess the prospectivity of the full licence area. Having recently raised £1 million which is sufficient to see us through to production in Q3 2016, we intend to firstly produce gold ore from Kvemo Bolnisi where drilling is currently underway, and then at Tsitel Sopeli. In tandem, we will conduct an IP survey which will allow us to detect mineralisation at far greater depth than has previously been possible which we are confident will highlight new areas of mineralisation as well as refine existing drill targets."

[noirua] 07/3/2016 11:46

Massive Gold Investment Buying

[yorgi] 04/3/2016 15:58

No sense at all 4sta but perhaps the seller or sellers just need the money. Who knows.

[4sta] 04/3/2016 15:51

Can't believe people are selling now just as things are really looking good at last. If the gold price holds we should be making really good profits - doesn't make sense.

[juju44] 04/3/2016 14:49

One of the few goldies not going up

[yorgi] 04/3/2016 14:47

Patience, news will come and gold is going the right way still and we have plenty of it even if the share price is not giving an indication of that.

[pauladrew] 04/3/2016 09:28

Perhaps the management can issue a RNS to reassure investors that first gold production is on track by the end of June, 2016.

[pauladrew] 04/3/2016 09:25

POG over $1274. Surely this share should start moving north soon.

[pauladrew] 29/2/2016 13:52

proactiveinvestors.co.uk/companies/news/122176/noricum-gold-s-new-address-is-up-and-coming-fast-122176.html

To highlight:

'Drilling will be followed by pit design and mine planning with first production targeted by the end of June, 2016.'

0:45 24 Feb 2016
Noricum is revising the historical data using modern western mining benchmarks
Noricum Gold's new address is up and coming fast
INVESTMENT OVERVIEW: NMG The Big Picture
'The low stripping rates make the prospect a unique opportunity'

Noricum Gold’s (LON:NMG) acquisition last year of a 50% stake in the 861sq km Bolnisi licence has seemingly given it a new lease of life as well as a change of address.

Having originally focused on Austria, the new project is in the former Soviet Republic of Georgia.

While the skiing might not be as good, the historical data suggests its move to a new neighbourhood may have got Noricum a cracking deal.

The Bolnisi VMS district forms part of the larger Tethyan belt.

Mines nearby include Murgul with 14.5Mt (million tonnes) at 3% copper and Ceratepe with 4Mt at 5% copper and 1 grams per tonne (g/t) gold.

It is the latter that Noricum will focus on initially, but the existing infrastructure in the area adds another angle to what management believe is a turning point for the company.

Most of the exploration work undertaken on the licence was carried out during the Soviet era.

Noricum is revising the historical data using modern western mining benchmarks and so far says the accuracy and reliability has been robust.

It paid a consideration of £2.61mln in shares that also gave it operational control.

Noricum has used its cash to convert the historical non-JORC resources and to help select the best places to start open pit production.

The licence's resource consists of 980,000 tonnes of contained copper, 6.6 mln oz of gold and 22 mln ounces of silver, but within that were three high priority drill-ready targets.

Noricum’s first holes from the Kvemo Bolnisi prospect had confirmed its potential as an easily mined starter gold pit.

Surface grades included 4.2m at 5.91g/t gold and 4.8m at 1.05 g/t, consistent with best historical grades of between 3.4g/t and 7.7 g/t.

Kvemo Bolnisi’s current non-JORC resource is 530,000oz at an average grade of 1.02%.

The low stripping rates make the prospect a unique opportunity said Greg Kuenzel, Noricum’s managing director, as it can use the nearby facilities of its partner Caucasian Mining (CMG) to process any ore produced.

The deposit is less than 7km from the currently operating Madneuli mine and processing plant, owned by CMG.

Drilling will be followed by pit design and mine planning with first production targeted by the end of June, 2016.

"These excellent initial results from our ongoing drill programme at Kvemo Bolnisi continue to highlight the potential for early stage low cost production at the first of our starter pit targets,” said Kuenzel.

He added it is also looking at turning the newly discovered near surface copper mineralisation at Kvemo Bolnisi into a high grade copper mine.

“With recently assayed historic drilling including intercepts of up to 40m at 2.11% Cu this represents an exciting high grade copper production target,” said Kuenzel.

The other ‘drill ready’ gold target is Tsitel Sopeli, where resource conversion is ongoing.

The current non-JORC resource is 368,000 ounces at grades of around 0.56g/t.

House broker share price Angel said the drilling at Bolnisi had confirmed there were economically mineable gold grades at surface and gives a good indication of the ability to start mining ore this year if the authorities allow.

In Austria, meanwhile, Noricum added a new project, Walchen, to the portfolio last year.

This project has historically delivered strong copper, zinc, lead, silver and gold grades, and initial reconnaissance work has confirmed the potential of this ground. The main Austrian asset remains the 37 square kilometre Schonberg licence in the southern part of the country.

In a tough sector for junior miners access to funding is a bugbear for many, but the potential at Bolnisi has meant this has not been a problem so far for Noricum.

In January 2016, it raised £1mln with shares issued to directors, new and existing shareholders at 0.08p. The money was to fund the drilling at Kvemo Bolnisi and later Tsitel Sopeli.

At the time, Kuenzel said : “With these funds now in hand we are on track to realise this in the near term.“

[noirua] 29/2/2016 12:52

Gold producers are the ones rallying most, especially those with weak local currencies. NMG have everything going their way at the moment except production and this should start around June this year.

[yorgi] 25/2/2016 09:14

Well you know they are and as long as they are adding to your holding then that's all that matters :-)

[megan fox] 25/2/2016 09:03

Although good old ADVFN is showing it as a sell.

[yorgi] 25/2/2016 08:54

Well done :-)

[megan fox] 25/2/2016 08:46

In for another 1.5m.

[yorgi] 24/2/2016 16:19

It looks to me as if the stream of smaller sells are being collected by a larger buyer.

[yorgi] 24/2/2016 16:18

This is going to breakout at some stage soon in my opinion.

[pauladrew] 24/2/2016 14:21

POG is rallying today + 1.71% at 14.21

[yorgi] 24/2/2016 14:03

Some movement at last !

How much longer this remains at this low share price remains to be seen but as we move closer to be being a producer then surely we will a much higher share price

[yorgi] 24/2/2016 12:40

The bottom line is in my view our assets are worth far more than our present market cap and at some stage the market will take that on board.

[pauladrew] 24/2/2016 12:14

As the report comments:

'previous work has identified 980,000 tonnes of contained copper on the project, as well as 6.6mln ounces of gold and 22mln ounces of silver, as well as associated silver, lead, zinc and barite.

That’s a resource inventory that would make many a junior miner weep with envy, although given the ongoing bear market in the mining sector it’s probably too much to bite off in one go.'

NMG has a diversified portfolio and it's good to hear that with NMG's move into Georgia this may stop the threat of heavily dilutive and discounted fund raisings. The current m/cap of just over £4m, considering all the assets, does suggest that the stock may be greatly undervalued but DYOR.

[yorgi] 24/2/2016 11:30

Buys close to full offer now !

A tick up coming perhaps.