Georgian Mining Share Discussion Threads

[tippow] 01/10/2017 23:28

With Copper set to explode i have Put together some info on #GEO which is well worth researching over the weekend. GEO has £4.5m in cash (enough to take them to production) and BOD have bought £100k's of shares in the open market previously so they are aligned with share holders.

"Our twin objectives for 2017 are to report a 3 to 5 Mt copper and gold resource and to commence low cost production to be processed at our JV partner's neighbouring operations. We are on course to meet both objectives..."

GEO are looking at proving up 50mt and it looks like that may well be blown out of the water as the resource looks much bigger then originally thought.
50mT at 1% gives 500,000 tonnes of copper. Copper at $3/lb = $6.62/kg=$6,620/tonne

6,620x500,000= $3.31 billion

50% ownership so that become $1.655 billion

$=0.75£

$1.655billlion=£1.24 billion

Lets assume a modest 50% recovery and a 25% profit margin.

1.24x0.5x0.25=£;155m

Even with my ludicrously conservative assumptions and excluding the gold cap, this company is sitting on an asset at 5 x the current share price and production is likely to commenceg in the coming months.

John Meyer,twice winner of the UK Smaller Mining Analyst of the Year. He picks Georgian as his top copper pick and describes GEO as "the next SOLG" SOLG market cap is £500m!!

John Meyer, analyst at share price Angel, looks at his picks including Glencore, Rio Tinto, Georgian Mining and SolGold.

4.45mins in

hxxps://www.ig.com/uk/market-insight-videos?CHID=9&SM=TW&REF=IGTV&bctid=5567278253001&bclid=3671160850001 … … … … … …

Also previous videos on GEO worth watching

hxxps://audioboom.com/posts/5996550-john-meyer-covers-georgian-mining-corp-geo-ortac-resources-otc … … … … … … …

hxxps://audioboom.com/posts/6041037-john-meyer-on-solgold-solg-georgian-mining-corporation-geo-21st-june-2017 … … … … … … …

hxxps://player.fm/series/the-vox-markets-podcast-with-justin-waite/824-georgian-mining-corporation-geo-and-bonnie-hughes-on-botswana-diamonds-bod … … … … … … …

hxxps://audioboom.com/posts/6149837-greg-kuenzel-managing-director-and-martyn-churchouse-technical-director-of-georgian-mining-corporation-geo-27th-july-2017 … … … … … … …

… … … … … … …

This is what is being indicated by the BOD.
"Although work to date has focused on three zones as separate areas,
recent results suggest that they coalesce to form a large epithermal
copper-gold system"

Now that would be HUGE!!! "A large epithermal
copper-gold system"

GEO with its vast resources,no capex outlay for a mine,plenty of cash in hand Leading to a more or less debt free flying start to a rolling income equating to a minimum price target of 60pps+ based on available information with a million ton throughput for copper followed almost at the same time by gold?
Is 60pps too conservative in view of the increasing copper and gold prices?

we are awaiting in a strong news rich transformational period for the company and await results of the 28 assay results, JV production agreement, production starting date.

The project is derisked now. It is going to be mined and no capex needed!!
Remember the company have previously described their find as a "world class discovery"

John Meyer also said in one of these interviews that " this will be in hundreds of millions if not more"

Multibagger in the making here and all very close

All thoughts are mine and helped by others posters snipets.

[pj 1] 29/9/2017 17:37

tippow
I agree its a closing high, Whilst we are splitting hairs there was a spike (according to pro charts) to 23.2p on the 30th May. Please filter me. I have no inclination to engage with you directly

Spikes can be as much an indicator of resistance as closing prices.

ATB

pj

[airs999] 29/9/2017 17:10

Bluejay has had a breakout at the end of the day too up to 18p. Interesting holding 2 Top companies as my only large holdings, as both are competing each other. Premier league companies fighting for the top spot

[tippow] 29/9/2017 16:39

of course its a breakout. its closed 0.25p above the last closing price.

PJ i have done my best not to engage with your nonsence but now you really are embarrasing youself.

[greatfull dead] 29/9/2017 16:39

Ed,

Looking like I probably made the correct decision yesterday. Saw my GP today and ww talked about Lupus. He tended to agree with my decision.

Good to see GEO going up. Next year will be our year for sure.

ATB,
GD

[edgein] 29/9/2017 16:33

You'll find it is a breakout, last closing high was 23p, today's close is 23.25p.

Regards,
Ed.

[pj 1] 29/9/2017 16:28

Its not broken yet,May's highs still in play,

[airs999] 29/9/2017 16:23

Nice to hit 23 but I still see it retracting to the 21p area until production news comes out. But I have no issues with patience

[timw3] 29/9/2017 16:04

theres your breakout and on volume!!

[tippow] 29/9/2017 15:54

breaking out and unable to buy currently. target price of 60-70p over the coming weeks/months

[vesperdene] 29/9/2017 14:59

Why does it keep changing my post automatically? I meant "sierra pappa" angel. Not share price angel!

[vesperdene] 29/9/2017 14:56

Sorry meant share price Angel. Not sure why it said share price angel lol... maybe my dreaming!

[vesperdene] 29/9/2017 14:47

No, im PI. mining companies have regular analyst visits and as far as i know, public knowledge for those caring to ask...

[tippow] 29/9/2017 14:38

Vesperdene interesting.. How do you know that? you an analyst?


vesperdene29 Sep '17 - 14:04 - 784 of 789 0 0
Massive analyst visit this weekend. John mayer from share price angel and 22 others. Was supposed to go but couldnt make it.

[tippow] 29/9/2017 14:31

Exactly Edgein

Reminder of why II's want inand why I'm staying put for the the next company making phase of news. Do yourself a favour if you are not familiar with these clips and watch them if you have any liklihood of investing in GEO.














Enjoy your weekends all

[pj 1] 29/9/2017 14:28

Change on L2, resistance reducing

[timw3] 29/9/2017 14:21

How is MMS not allowing you to buy resistance? I know your a full time deramper but that is idiotic even for you!


PJ 129 Sep '17 - 14:02 - 783 of 786 0 0
Its called resistance

[edgein] 29/9/2017 14:09

DG underground asset for example:

"30 ore-bearing zones with peak mineralised widths of 23m and grades up to 55g/t Au, 253g/t Ag, 21% Cu, 28% Pb and 35% Zn."

30 zones! some as much as 23m thick. This licence area is prolific and has barely been scratched post-soviet exploration.

Regards,
Ed.

[edgein] 29/9/2017 14:05

Yeah definitely tippow, cash flow from KB will be used to get to the next phase target of 50Mt+ and a 40 year mine life. Then they can start work on what may turn out to be larger higher grade assets across the licence. As KB is pretty much at surface its going to be a really low cost startup.

Regards,
Ed.

[vesperdene] 29/9/2017 14:04

Massive analyst visit this weekend. John mayer from share price angel and 22 others. Was supposed to go but couldnt make it.

[pj 1] 29/9/2017 14:02

Its called resistance

[airs999] 29/9/2017 13:18

Think it will do its usual drop before an almighty surge when production dates are confirmed

[tippow] 29/9/2017 12:58

looks like breakout is on here. Cannot buy anything online so seems ii's are loading up behind the scenes.

The resources of 3.2mt are enough for three years profitable non capex production through partners mine?
Meaning a minimum $200million plus before expenses to our bottom line what does that do for the share price with our MKTCAP at £24mill with just 114m shares in issue

Worth buying the dips imo if there are any.