So Jourdan Resources have a market cap of $5 to 9 million (CAD) and
around $500,000 in the bank having done a recent CR.
The company’s land claims span over 1,800 hectares north of the prolific
district of Val d’Or. The property hosts widespread mineralization, exciting
discovery potential and drill-ready targets.
CEO here recently:
Project advancement of a 50 tonne bulk sample and its near-term production
status poses exciting opportunities for Jourdan’s future.“We feel very confident
that we know where we are going to drill when we will be starting our drill program,”
Jourdan Resources CEO Rene Bharti stated. “Furthermore, we feel that with a very
moderate drill program, we will be able to define an initial resource and after a
second drilling programme we would like to define a more comprehensive resource
sometime in early 2022.
The goal of the company, obviously, is to move to production sometime in Q2/Q3
of 2023, which would make us one of the few companies in our geographical region
which can point to near term production. We are fortunate to have had a lot of
previous work done over the years, on our very large land package.
”Jourdan’s Quebec-based assets have the potential to mimic the successes
of Sayona Mining (ASX:SYA,OTCMNXF), which also operates out of Val D’Or,
Quebec. Sayona recently entered an acquisition agreement with Piedmont Lithium (ASXLL,NASDAQ
LL), a company that has a binding sales agreement with Tesla
for the supply of spodumene concentrate.
The company has a strong shareholder structure with ownership consisting largely of management and directors and strategic partners. The capital structure also expresses favorable positioning as
the company has slightly over C$500,000 in cash and no debt.
And so what would their production and sales look like in Q2/Q3 of 2023
nudge, nudge, wink, wink because they won't have a plant in 2023 will they ?
Definitive Feasibility Study, BAPE, finance.......perhaps open pit environmental
approval given location adjoining NAL....the plot thickens.
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2.8¢ |
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Mkt cap ! $288.2M |
Open | High | Low | Value | Volume |
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20 | 4369470 | 0.026 |
26 | 9173972 | 0.025 |
23 | 9535708 | 0.024 |
22 | 10737912 | 0.023 |
Price($) | Vol. | No. |
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0.029 | 9151717 | 23 |
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