Metalnrg Share Discussion Threads

[smackeraim] 07/11/2019 08:47

It moved on fumes there, so looking forward to news on the waste gold now!

[lgraham86] 07/11/2019 08:42

Got in at 0.268 mate

[smackeraim] 07/11/2019 08:35

Here we go!.. Nice moves. Hope you got in LGraham86

[smackeraim] 06/11/2019 17:08

Blue day and a step closer to news on gold from waste dump and samples of gold from pillars. Crazy market cap considering they can create revenue from Gold Ridge fast.

[smackeraim] 06/11/2019 14:29

Nice trades, shares changing hands down here ready for news on the way of monetisation!!

[smackeraim] 04/11/2019 21:54

He is entitled to an opinion. But he also called dish a buy two weeks ago lol and zen .. look how those went hehe

[smackeraim] 04/11/2019 21:53

He hates paul johnson who was original ceo and resigned 18 month ago. Rolf has been running it since and listed it on main market.

[lgraham86] 04/11/2019 21:32

Doc holliday ripiing into mnrg a little bit

[smackeraim] 04/11/2019 07:51

The placing to raise funds is being done on private market, but they still hold a main market listing.https://mailchi.mp/minexia.com/cobra-resources-plc

[lgraham86] 04/11/2019 06:11

Thts what ive read on cobra board anyway duno how true it is ?

[oakville] 04/11/2019 05:06

Oh thanks.

[lgraham86] 04/11/2019 04:21

Cobra not being listed on main markets ... only a private investor market

[oakville] 03/11/2019 17:04

Exciting times.

[smackeraim] 02/11/2019 23:51

I'd be happy with 2 or 3 for starters haha ;-)

[lgraham86] 02/11/2019 21:47

Thats a 7 bagger from here

[smackeraim] 02/11/2019 20:36

It is also worth noting that Winston were happy to take $500k worth of MNRG shares at 1.75p for Gold Ridge as the bulk of the payment for the project.

"US$500,000 will be paid in new MNRG ordinary shares which will be issued at a fixed price of 1.75p per share."

[smackeraim] 02/11/2019 20:27

Gold Ridge could turn out to be literally a little gold mine for MNRG, in terms of near term cash flow from production.

This is the headline from the acquisition notice of Gold Ridge by MNRG from June 2018.

MetalNRG has agreed to acquire all the interests of Winston Gold in the project known as Gold Ridge Project (“Gold Ridge” or the “Project”;), located in the Dos Cabezas Mining District, Cochise County, south-eastern Arizona, United States of America.

Here's the Winston Gold analysis and description of the property when they owned it in 2017.

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Property #2 - Arizona

Location and Access

The Gold Ridge Property is located in north central Cochise County in southeastern Arizona in the southern foothills of the Dos Cabezas Mountains, approximately 16-miles east-southeast of Willcox, Arizona.

Willcox is approximately eighty-five miles east of Tucson, Arizona and lies along U.S. Interstate Highway 10. Modern services and accommodations are available in Willcox and it is served by the Southern Pacific Railway.

The property lies on a County maintained gravel road about two and a half miles northeast of the settlement of Dos Cabezas.

Past Production

Gold production on the Gold Ridge Property was sourced principally from the Gold Prince mine. Two other mines exist on the property; the Gold Ridge and Dives mines, both saw only minor production.

The Gold Prince Mine produced 22,000 ounces of gold from multiple gold veins with grades averaging 0.344 ounces gold per ton (11.79 grams gold per tonne).

The mine was in production sporadically over a period 16 years between 1932 and 1996.

Gold prince has a total of 5,862 ft of underground development on 6 levels and ore-bearing veins are reported to average 3-to-6 feet in width, and dip from 50° to 75°

Opportunity

Gold Mineralization on the Gold Ridge Property is described as “Mesothermal” which indicates that the vein system at the Gold Prince Mine may continue to considerable depth. This is a common characteristic of mesothermal vein systems worldwide.


The Gold Prince mine was only mined down 5 levels and development was just commencing on the 6th level when production stopped in 1996.

From 1986 until the mine closed in 1996 the mine was producing silica flux material (from the quartz vein) for the Hidalgo Copper Smelter, operated by Phelps Dodge. The gold was recovered as a byproduct in the smelting process.

Production at Gold Prince ceased when the copper smelter was shut down, not because the mine was out of ore.

Recovering precious metals from narrow, high-grade vein systems is Management’s specialty.

Since the Gold Prince mine has an extensive historic drill database (486 underground and surface drill holes totaling 27,774 ft), the company has access to an excellent opportunity to quickly and cost effectively identify additional minable mineralization.

Both the hanging and footwall sections of the vein system are stable and the mineralization is well suited for shrinkage stoping mining methods requiring minimal startup and sustaining capital expenditures.

It is management’s intention to confirm and extend mineralization at the Gold Prince mine and then acquire the necessary permits to commence test mining at an initial rate of 150 tons per day.

[lgraham86] 01/11/2019 19:22

Lol think il be in monday mate was hoping for a slight dip from 0.25 but never came il be having a punt at it for sure

[smackeraim] 01/11/2019 17:11

You going to buy or just hover about until they release the due news? ;-)

[smackeraim] 01/11/2019 17:10

Quids my dear fellow

[lgraham86] 01/11/2019 14:11

Pounds or shares lol

[smackeraim] 01/11/2019 08:23

They own over 4m Cobra shares.. at old valuation was around 1/3 of today's market cap lol.. chucking everything else in for 400k. Bargain imo..