I think everyone should take another look at the scoping study...

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LoveGod

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28/04/24

13:26

Post #: 73543386
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Originally posted by LoveGod: ↑

Oh Yes, Big picture is looking just like this:...............

Summary :

1: Initial offer received in January when Gold price $2,000 ---> TODAY BIG 18% Increase to $2,340

2: Npv has increased from Scoping study from around $600 million ---> TODAY BIG 50% Increase +$900 million.

3: Silver price when offer received in January was $22 ---> TODAY BIG 27% Increase.

4: Mining licence know RECEIVED !! --- Yipeeee PRICELESS !

5: Only thing that hasn't increased is the shareprice ---> Let's call that our OPPORTUNITY !

So, what will the Small Capital Raise be if they don't sign the definitive Agreement within the next few weeks ?

Where was the Gold price when Chifeng were happy to pay 40c for a placement you ask yourself ?

So if Chifeng were happy to pay 40c with NO MINING LICENCE & a much lower $1,800 Gold price & NO BID on the table, then will they be happy to participate in a small placement at say 40c AGAIN when there is a total 62c offer on the table & all of the above ????

I'll make the bold statement that if they do a small placement to enable themselves longer to negotiate then it's going to be at a PREMIUM & not a discount as the market is expecting here at 18c...

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I think everyone should take another look at the scoping study and specifically the sensitivity analysis released on 14th November 2023:

The sensitivity Analysis only went up to US$1,950

Never forget the Elephant in the Room !

The Elephant in the Room is actually 2 of the biggest Chinese Gold miners on planet Earth !

Ohhh Dear Lord..... Can all the ducks be lined up anymore than this ??

How does an increased Definitive agreement to reflect the increase in Gold & Silver & the Mining licencee since January's initial lowball offer sound ?

How does +25% sound , with no waiting for Royalties , because Chifeng doesn't want to wait & he's probably still got the mobile number of his old work collegues at Zijin !

$144 million aussie -----> ( probably what ZIJIN spends on toilet paper a year! )

0.72c a share Cash will do the lovegod , thank you very much...

Wowee, even thinking about all the above, that is still VERY VERY VERY CHEAP ! However , make hay whilst the sun is shinning..

MTC Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

1 Great analysis

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