Ann: Classic Appoints Mining Engineer Stephen O'Grady to Board, page-13

First 13 Last

Share
Profile

Follow
yoyo1212

2,911 Posts.

338

14/06/20

10:53

Post #: 45209572
Share

Originally posted by aaron: ↑

I also think the same.

look at the bread crumb trail...

1. 8 rounds of drilling campaign at KG
2. mention of JV discussions in ann. few months back
3. Apply for mining license
4. appoint a mining engineer - not consultancy or contracted, but appointed to the board. If Stephen Grady thought that there was no scope here, he would not join the board. I believe it is more about reputation and remuneration. He would know that Classic have had there share of issues in past few years...but has decided to join the board. So he must see scope.
5. raised capital very quickly from investors (maybe klaus had a major hand here)
6. They are drilling again at KG (2 more rounds) - this will add to the resource upgrade I believe from original 400K+ oz, plus the increase the grade/ton also would make this very viable and economical open pit mine.
If CLZ can establish from the 2 more drill campaigns a resource of around 700-800K oz of gold at KG - and start mining in a joint venture - this will have some major legs and move with some momentum. IMO

Everything I see seems to be heading in positive direction.....(still don't understand why we sitting at .002)...I mean with all this, i would think a fair value would be around .005

Anyway, seen SP increase by 1000pc in one day for some stocks....if all locked and loaded here, could see 1-1.2c in next few weeks

IMO

GLTAH

Expand

Appoint a mining engineer - not consultancy or contracted, but appointed to the board. That's right aaron, this is a key sign of what's going on.

CLZ Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

Trump is President Again: What Does This Mean for Crypto?

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 21 more messages in this thread...

First 13 Last

Add CLZ (ASX) to my watchlist

(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $1.544M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Ann: Classic Appoints Mining Engineer Stephen O'Grady to Board, page-13

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

Trump is President Again: What Does This Mean for Crypto?

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Featured News

Ann: Classic Appoints Mining Engineer Stephen O'Grady to Board, page-13

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

Trump is President Again: What Does This Mean for Crypto?

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Featured News

Featured News