Pure Gold Mining Share Discussion Threads

[swallowsflysouth] 27/10/2021 09:28

some interesting info in their Sept presentation. They seem to be roughly, if a tad behind where they should be.

hxxps://www.puregoldmining.ca/wp-content/uploads/2021/09/PureGold-Deck-September-7-2021-Final.pdf

extracts taken from above

8-Zone
• 301,000 oz at 20.47 g/t Au Indicated 1
• 4.3m at 466.0 g/t Au
• 5.5m at 342.4 g/t Au
• 8.2m at 120.4 g/t Au
• Wide open up and down plunge
• Underground drilling to start as early
as 2021

Drilling 8 Zone from underground possible now with Main Ramp progressing approximately 8 months ahead of schedule

[loafofbread] 27/10/2021 08:37

If we get decent amount of Director buying after this update I might finally average down a tad.

[loafofbread] 27/10/2021 07:37

All going in the right direction, just a tad slower.

Lets hope for a steady recovery in the POG as PURE finally gets there by year end/1st qtr.

[jeanesy] 27/10/2021 07:17

An improvement but still not hitting targets. The 8 zone needs to be reached sooner rather than later

[mufprat] 27/10/2021 07:15

Update RNS.Appears more positive. See how the market reacts.

[tnt99] 25/10/2021 16:14

The future is bright

[mufprat] 25/10/2021 08:38

Realistically needs to make a higher high and then break through 80p.

[ginko3] 25/10/2021 08:29

Still very firmly in the downtrend, will take stonkingly good news to turn this around.

[jeanesy] 23/10/2021 19:51

The next news is crucial imo. If the company can't up production and lower costs then the begging bowl could be out again. Have they reached the 8 zone is another crucial bit of news .

[tnt99] 23/10/2021 09:06

Well now follow the new trend back up to 2.00 by Christmas me thinks

[robertstronghand] 22/10/2021 15:21

Through the 50DMA, big move up starting. I assume Q3 will be published in the next week or two?

[jeanesy] 20/10/2021 17:55

news tmw ? Something must be imminent me thinks

[robertstronghand] 14/10/2021 07:45

I would say going up with the sector, although a positive update would do wonders. Came across an interesting article in the Globe and Mail through a google news search. Talks about the start up issues, Red Lake area is high grade but difficult to mine, hence you need stopes to access the gold veins rather than say cheaper bulk mining a deposit. Worth reading, also mentions they are vulnerable to a takeover by Evolution Mining at this price.

[temujiin] 13/10/2021 22:08

Looking at the charts above, Pure appear to have broken above the downward trend line. 100p looks to me to be the next serious resistance barrier north with a couple of minor barriers in-between. Looks a good buy on both fundamentals and charts.

[jeanesy] 13/10/2021 20:00

wow strong rebound. News imminent ?

[robertstronghand] 12/10/2021 18:57

Just catching up to the CAD price, will need to go above 60p tomorrow to do so. Should see a strong move up when this breaks out, fully cashed up now. Wonder if we get an update tomorrow, normally do on the 13th.

[jeanesy] 12/10/2021 16:45

Strange rise today and strange UT

[loafofbread] 08/10/2021 22:45

A decent 10% rise in Toronto on good volume since we closed.

[katsy] 06/10/2021 10:12

Did they already burn their way through the C$20m?

[jeanesy] 06/10/2021 08:10

the next set of production figures will tell us more

[mufprat] 06/10/2021 08:09

I suspect not. I think that the minimal cash raise is potentially a positive. As long as it's not a drip feed of relatively small cash injections. We'll see.

[jeanesy] 06/10/2021 07:56

or is it money just to keep the lights on ?

[mufprat] 06/10/2021 07:35

As l posted two weeks ago, PUR raise cash again. At least this time it's only 3.45M CAD.Perhaps they're finally getting close to actually making money.

[chipperfrd] 03/10/2021 09:55

Project numbers look ok to me over LoM.

Ran NPV's over range of PoG and with both 800 tpd and 1,000 tpd throughputs.
Here are the results with prospective share price at CAD:GBP of 0.58.

At 800 tpd, Shares out = 413.7m,PoG(US$) Post-tax NPV(C$m) IRR per share(C$) per share(p)1,275 246 36% 0.59 34.51,400 333 48% 0.80 46.71,500 402 56% 0.97 56.41,600 472 64% 1.14 66.21,700 541 72% 1.31 75.91,800 610 80% 1.47 85.51,900 680 88% 1.64 95.3At 1000 tpd, Shares out = 413.7m,PoG(US$) Post-tax NPV(C$m) IRR per share(C$) per share(p)1,275 354 48% 0.86 49.61,400 460 59% 1.11 64.51,500 545 68% 1.32 76.41,600 630 76% 1.52 88.31,700 716 85% 1.73 100.41,800 801 94% 1.94 112.31,900 886 102% 2.14 124.22,000 971 111% 2.35 136.1


Chip