Metalnrg Share Discussion Threads

[shirley83] 08/11/2019 11:49

Someone building a stake

[valentine73] 08/11/2019 11:39

Still quite an appetite for these

[smackeraim] 08/11/2019 11:24

Takeaways from video.. please watch.

Self funding plan from visible gold and waste.
NO raise unless for further acquisitions.
6m onwards.. CEO says we are valued as a cash shell.

Remember, they also have cobalt and uranium projects on the back burner..

[smackeraim] 08/11/2019 11:23

This is not a dog though, lol. It's a recently listed main market stock from NEX. Facts facts facts.

[dave4545] 08/11/2019 11:22

Lewis

I've have around 90% of my money stuck in dead medium/term stocks. I cannot invest in anything else so in and out for me until I can release some cash from a stock that is dead that suddenly spikes on good news. Every dog has their day on Aim and I'm sure they are in that long queue waiting for their turn.

[dplewis1] 08/11/2019 11:12

500 quid is a decent profit on a stock, got to be happy with that. It's just a merry go round with so many stocks listed on AIM. People already pushing the next 'bagger' on twitter for when the circus leaves this one. You can either go along with it or not..I personally won't ever get into chasing stocks. Too much stress and too much commission paid out to my bookie. Was no skill in this one at all..I took a punt and got lucky!

[dave4545] 08/11/2019 11:08

Tym next for a quick trade perhaps ?

[pre] 08/11/2019 11:06

nice for those who got in sub .30p...looks like some impatient selling at a loss as many can't hold for more than 5 mins!

[valentine73] 08/11/2019 11:03

Worth a hold i think

[block4gooner] 08/11/2019 11:02

Was lucky enough to pick up 750K yesterday as a 1st buy at .29Gonna ride this out

[smackeraim] 08/11/2019 11:02

relisting* phone!

[stealive] 08/11/2019 11:02

Eua going up

[smackeraim] 08/11/2019 11:02

Take advantage of any good dips we get, because there's still ore processing news to come this month, probably more on the gold grades from pillars and Cobra resisting (apparently this month)..

[dave4545] 08/11/2019 10:59

lewis

On a stock I never saw before until yesterday I have skimmed £500 profit buying on the spike and selling. You can see why so many people do this now...fast money..so long as you are not last to holding the baby, but then it could go to 1p later on and then you moan you missed out but I guess most just think profit move onto the next resource stock for next spike, which is the next one then ?

[pre] 08/11/2019 10:53

oh i see...well done for those who have made a profit here...i saw and just read the late rns:-(

[smackeraim] 08/11/2019 10:52

Well done Oakville. Beer is on you then ;-)

[smackeraim] 08/11/2019 10:52

Gold Ridge could turn out to be literally a little gold mine for MNRG, in terms of near term cash flow from production and processing the easy to access to Gold, this will fund the next stages of exploration across the project..

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

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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.


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Here's the Winston Gold analysis and description of the property when they owned it in 2017 before MNRG took it from them.

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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.

[oakville] 08/11/2019 10:52

Sorry smack out with a £3.9k profit.....

[lgraham86] 08/11/2019 10:50

People doing research :-)

[smackeraim] 08/11/2019 10:50

a 600k market cap and fast access to good gold revenue buddy

[pre] 08/11/2019 10:48

what's caused this to rise so much??

[dplewis1] 08/11/2019 10:47

100m volume..size.