The same diatribe over and over -nothing new... don't fall for the spamming and DOS.
They post what they want to happen -not what the evidence suggests.
Are they disgruntled because they sold?
They should become more gruntled!
Boring
I only have my opinion too ...but there is a lot of research supporting it -HERE IS A START for those new to the stock -If you really want to gain an understand I suggest you spend some time and understand the massive potential of the multiple prospective tenements leased by OGX. https://hotcopper.com.au/posts/31475602/single
Mines and prospects in summary:
There are more prospects, but these are the mines / prospective deposits / mineralisation etc that we have got or are likely to get to within the next few months. Lets not be too greedy. More positive results from either Tintero or Eliseo could blow Cascavel out of the water -and Cascavel is shaping up to be massive. I can conceive of a Billion dollar market cap with the right drill intercepts and development over a few years (and that means a Brazil trip and Carnivale (yippee!) ...I mean mine appraisal & investment tour)).
- Cascavel / Mestre: This is current gold mine -appears to be in the top few UG gold mines in the world by grade (evidence since 2012).
- JORC MRE & ET (exploration target) in total around $55 Mil.
- JORC's limited by coarse & clustered free gold.
- Years of mine life thought plausible.
- Thick mineralised gold bearing quartz mineralisation found kilometers down dip.
- Multiple exploration targets (now funded for a drilling program).
- Awaiting results from Big Harry hammermill March results expected "shortly" (but probably after March has finished). Eager Anticipation.
- Sertao: 20kom from Casacavel $80+ Mil JORC -needs further drilling to confirm suspected extensions to high-grade mineralisation.
- One high-grade drill intercept 1.6 klm down-dip.
- Cuca: Very high grade lode lying under Cascavel. https://hotcopper.com.au/posts/31371199/single
- Awesome historical bulk samples
- More sample results due (shortly) and mining decision expected soon (I think we will see it incorporated in the $5m allocated from this cap raising for mine development).
- Tintero mineralisation overlapping (but separate from) Casacavel -believed to be separated by 100 of millions of years: Mind Boggling IOCG potential here:
- High-grade intercept of 17.5 meters of silver approx equivalent to 18 grams / tonne Au.
- Multiple targets over massive area.
- Brazilian Journal of geology Publication (worth a quick scan)
- Eliseo: OGX Confirms Conglomerate-Hosted Gold Potential at Eliseo https://hotcopper.com.au/posts/28592118/single Say no more ...except we are anticipating bulk sample results (shortly) and "The review was prompted in part by the renewed level of global interest in Paleo-Placer “Witwatersrand-style” conglomerate-hosted gold mineralisation..."
- Tailings: Orinoco Confirms Outstanding Grades of Gold in Tailings
- Antena-Xupe https://hotcopper.com.au/posts/31657690/single
- Assay Laboratory at Cascavel Plant Fully Licensed https://hotcopper.com.au/posts/31278670/single
We are now funded from a cap raising at a premium to the recent 10 DAY Vwap -so expect the SP to fall (upwards) to match that price. This funding is primarily to advance mine / processing development, exploration and some house-keeping (JV partners as major shareholders).
...16c here we come -will it be this week? My guess is yes -but we shall see. Watch this space.
How can you possibly even suggest (even in passing) $14,000/Oz AISC for (likely to be) one of the highest grade UG mines in the world. I think your drugs may be on steroids. Why not just say $2,000/Oz AISC and we make a loss and be done with it. You guys are really grasping at straws. Wish I could say that I admired your persistence.
The Cartesian gold agreement from the Prospectus on 6th September 2017:
(a) Cartesian is entitled to receive 20% of gold production from the Cascavel Gold Project for three years, subject to a minimum quantity of 1,000 ounces of gold per calendar quarter;
(b) the minimum and maximum gold entitlements Cartesian will receive is increased by 10% to 17,600 ounces and 26,400 ounces respectively;
So for a maximum of 3 years (or until the minimum target is reached), we pay Cartesian 20% of our gold up to a total of 8,800 Oz / annum.
Yes it's a fantastic return for Cartesian (not many of us that happy about it) -but that is the price we paid to play in the sand pit of a high-grade, coarse (not for long with big Haz) clustered free gold deposit that is just as expensive to mine as to JORC. No JORC -no bank!
Move on folks ...nothing to see here -paid off in three years and then its all ours ...OURS I TELL YOU!
As usual, some clever posters often misconstrue (sometimes by omission) the salient issues -sometimes they just want a little mud to stick before they hit that omnipresent buy key.
Once again, here are the massive prospects of Tintero and Antena-Xupe all with-in a few kilometers of our mining and processing plant at Cascavel: Dwarfed in the middle is our JORC MRE and Exploration Target mentioned before: Look at tiny little Cascavel!. Refer: Brazilian Journal of Geology Paper
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Note the scale:
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Certain humans please remain warm and fuzzy -no need for apoplexy -good humour (and facts) I say!
Cheers all,
SJB
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