Goldstone Resources Share Discussion Threads

[gamesplayer] 22/1/2021 17:20

500,000 trade from yesterday now showing - presumably a buy given the share price movement over the last few days.

[highly geared] 22/1/2021 13:14

Https://www.goldstoneresources.com/documents/presentation-q3-2018.pdf Good reminder in the latest presentation..

[highly geared] 22/1/2021 13:11

Lots to go at beyond the Homase Open pits! Akrokeri could be the Jewell once they reopen access... 2018 geochemical sampling & historic data have defined: • Anomaly >8km along Homase Trend • Anomaly >3km south of the Akrokeri Mine • Parallel mineralised structures • Gold-in-soil anomaly contains both historic mines and demonstrates their along strike extensions Historical data reveals • Old Akorkeri Mine hosts high grade quartz veins • Historic trenching indicates high grade mineralisation: 15m @ 6.31g/t Au incl. 4.5m @ 18.23g/t Au from a trench in the Homase North Mineral Resource Akrokeri Mine • New ‘Norton’ shaft being sunk 40 metres east of the historic North Shaft to a target depth of 30 metres • Norton shaft will provide access to the mineralised zone for underground drilling & exploration

[highly geared] 22/1/2021 13:07

The Potential of Akrokeri: GoldStone holds a 100% interest in the Akrokeri Licence. The Licence is located approximately 6 km along strike from AngloGold Ashanti’s Obuasi Mine, which has a total historical and current resource in excess of 70M oz Au. The Akrokeri Licence is home to the Akrokeri Mine, which historically produced 75,000 ounces of gold at a final recovered average grade of 0.73oz/t, equivalent to approximately 24 g/t. Recent work by GoldStone has identified high grade quartz veins of up to 51.2g/t Au. The Akrokeri Mine was closed in 1909 following an ingress of water meaning that a mine clean-up was, in all likelihood, never executed. On that basis and assuming the gold recovery from previous workings was not 100%, the Board believe that the mined head grade at the mine could have been greater than 24g/t Au.

[hazl] 22/1/2021 08:56

Sitting on hands time I guess.

[hazl] 21/1/2021 15:07

Interesting to hear people's targets. I remain flexible and go with the flow. Permits and then it's a different ball game.

[highly geared] 21/1/2021 14:57

Just to add, if Akrokeri was to deliver substantial high grade interceptions and prove up a substantial JORC then £1+ share price will be possible if the gold bull gets frothy. In the meantime we have a base project with immediate gold production that should support a £50 million market cap.

[highly geared] 21/1/2021 14:54

The rocket fuel here is the potential of the high historical grades from the Akrokeri underground mine that can be brought back into operation relatively quickly and cheaply. The maps showing the strike length suggests Akrokeri could be the GGP Parallel to propel it to much greater levels. The Akrokeri strike is in trend with the 42 Million oz Obuasi mine about 8 miles away.....

[spacedust] 21/1/2021 14:38

Could this head in the same direction aa TSG

[kcaco] 21/1/2021 14:38

Someone once said ( maybe on LSE) that this could track GgP or even overtake it . Don’t want to be too ambitious but that would be great .

[gamesplayer] 21/1/2021 14:30

Little available stock, I think, as it doesn't take much to knock out each new higher ask. I think HG's predictions are about right but they may prove conservative given the exuberance around in this sector at the moment.

[maverick247] 21/1/2021 14:19

Agree - what about the updated JORC too - with the recent resource increase fair chance that could push through 1moz

[highly geared] 21/1/2021 14:03

15p permits, 18p updated DEP, 20-22p first gold pour ( say May)...

[stonesp2] 21/1/2021 13:19

Been in this 5 years... I am sure it will be a quick move up now ....

[kcaco] 21/1/2021 12:25

Hey stones . Do you think it will move to that quickly or 6 months , 12 months ?

[stonesp2] 21/1/2021 12:14

25p share price within reach...

[maverick247] 21/1/2021 11:14

Spot on will do an SLP this

[highly geared] 21/1/2021 11:09

If my assumptions above are correct on updated total mineable resources at c 175,000 ounces , with c. 83% recovery rates, that’s 145,000 gold. The AISC including Capex from the DEP is around $850. So, at $1850 gold, c.$1000 / oz operating profit. That’s £112 million ex G&A, say £100 million EBIT over 5 years of production at 35,000 oz per annum . Then there the high grade untapped resource in the Akrokeri underground mine + larger Homase area... Mouth watering....

[yorkie14] 21/1/2021 11:04

Where is the profit of DOOM!

[hazl] 21/1/2021 10:46

This is the best rise we've had for ages! A very good sign in my opinion.

[hazl] 21/1/2021 09:25

https://twitter.com/GoldstoneRes Twitter for GRL for anybody new and of course their website.

[highly geared] 20/1/2021 21:15

Would appreciate views : “Based on a the current gold price and prevailing mining costs in Ghana, the Company is confident that the mineable resource for the Homase South Pit, being the resource confined within the Homase South Pit that the Board believes can be mined after taking into account economic parameters including price and cost of production, now stands at 120,700 ounces of gold, representing a 257% increase, from the 33,800 ounces of gold stated in the DEP, see Table 1.”. From the original DEP, it was stated that Homase had 82,000 oz mineable ounces. Does this mean the total mineable is now 82,000 + 120,700 - 33,800. = 168,900 oz ? Note : 6,500 oz also from Akrokeri tailings.

[malcontent] 20/1/2021 18:36

been a long wait from the last run-up and that's what you need to make the big money with with stocks such as GRL- patience to sit on your hands after you have bought your stake

[highly geared] 20/1/2021 16:58

£50 million market cap feels reasonable on production start up / first gold pour, which I’d anticipate by April...

[trader536] 20/1/2021 16:25

All looks good to me....