STK (ASX) Ann: Acquisition of the 5.4Moz AuEq Rogozna Gold Project

Originally posted by salpetie: ↑

CMM ANALYST ESTIMATE.pdf

Not certain what you mean by using CMM as "evidence". You did better than me with that one as I sold out in the orphan period. Still back in 2016 CMM was in only a slightly more advanced situation than Rogozna - arguable anyway. Resource was smaller but the factors mentioned in the PDF were more favourable than something in Serbia on the Kosovo border.

============

From your previous post can you show where this statement came from.

So can't really say ADT is similar to Rogozna which the previous owners have sat on for a few years already and just drilling and expanding the resource only (2019). Not me. That ADT got Vares going does not mean Rogozna is going to be the same. Same belt sure.

===============

Do you/anyone know why Eldorado sold to Ibaera? Couldn't find anything on either companies websites. Eldorado reported drilling in 2017 and that is the last date for their holes shown in the ann for this thread.

Eldorado Mining 2017 exploration update extract ONLY.pdf

For Eldorado this was only an exploration project which seldom rated much attention and, perhaps, they decided to let it go for mainly sovereign risk issues rather than the obvious exploration potential - pure speculation.
From the search for this info a recent news article from a Serbian local source - mostly the same as the ann above but a few other titbits and the standard journalistic take on mining/exploration

=============
Agree partially with you on Resource is the voting machine. Reserve is the weighing machine.

Partially because Reserve is subject to so many factors that can change with as little as the stroke of a pen. E.G. Cobre Panama and many others, including the reverse where mining is allowed by the same "capricious action".

Certainly ounces in the ground need a lot of work to be translated into cash SOMEHOW. Millrose was a real money earner for STK/Alloy. Near consolidation of the northern Yandal gives them less than 1 Moz in multiple deposits with lots of brownfield and some greenfield potential.
Both Yandal and Rogozna share a relatively similar situation.
resource ounces with potential to grow = many exploration companies.
lots of drilling to be done this year which will hopefully be positive for both. If anything I feel more confident that Rogozna will yield more significant results but it needs to relative to the Yandal where the CMM example kicks in for cheaper development in a "safe" jurisdiction.
Management "seems" gung ho on both.

====
Lots of interesting regional geology from my research over the last few days. Only one article directly on Rogozna. Another post.

Expand

CMM already had a study completed in 2016. This company doesn't even have a study in Rogozna only a resource. Don't even see a plan to do a mine stuidy.

I'm not willing to risk it here despite the equity in NST shares. Taken the money and put it somewhere else

Best of luck I'm probably wrong selling here but I've decided not to hold companies that just dril drill drill.

Originally posted by salpetie: ↑

CMM ANALYST ESTIMATE.pdf

Not certain what you mean by using CMM as "evidence". You did better than me with that one as I sold out in the orphan period. Still back in 2016 CMM was in only a slightly more advanced situation than Rogozna - arguable anyway. Resource was smaller but the factors mentioned in the PDF were more favourable than something in Serbia on the Kosovo border.

============

From your previous post can you show where this statement came from.

So can't really say ADT is similar to Rogozna which the previous owners have sat on for a few years already and just drilling and expanding the resource only (2019). Not me. That ADT got Vares going does not mean Rogozna is going to be the same. Same belt sure.

===============

Do you/anyone know why Eldorado sold to Ibaera? Couldn't find anything on either companies websites. Eldorado reported drilling in 2017 and that is the last date for their holes shown in the ann for this thread.

Eldorado Mining 2017 exploration update extract ONLY.pdf

For Eldorado this was only an exploration project which seldom rated much attention and, perhaps, they decided to let it go for mainly sovereign risk issues rather than the obvious exploration potential - pure speculation.
From the search for this info a recent news article from a Serbian local source - mostly the same as the ann above but a few other titbits and the standard journalistic take on mining/exploration

=============
Agree partially with you on Resource is the voting machine. Reserve is the weighing machine.

Partially because Reserve is subject to so many factors that can change with as little as the stroke of a pen. E.G. Cobre Panama and many others, including the reverse where mining is allowed by the same "capricious action".

Certainly ounces in the ground need a lot of work to be translated into cash SOMEHOW. Millrose was a real money earner for STK/Alloy. Near consolidation of the northern Yandal gives them less than 1 Moz in multiple deposits with lots of brownfield and some greenfield potential.
Both Yandal and Rogozna share a relatively similar situation.
resource ounces with potential to grow = many exploration companies.
lots of drilling to be done this year which will hopefully be positive for both. If anything I feel more confident that Rogozna will yield more significant results but it needs to relative to the Yandal where the CMM example kicks in for cheaper development in a "safe" jurisdiction.
Management "seems" gung ho on both.

====
Lots of interesting regional geology from my research over the last few days. Only one article directly on Rogozna. Another post.

Expand

No.	Vol.	Price($)
18	2045437	10.0¢

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2045437

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Price($)	Vol.	No.
0.105	158860	5
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0.115	594120	7
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0.125	208750	7

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208750

(20min delay)
Last 10.0¢		Change -0.003(2.44%)		Mkt cap ! $168.5M

Open	High	Low	Value	Volume
10.0¢	10.5¢	10.0¢	$135.4K	1.350M


Last 10.0¢		Change -0.003 ( 4.76 %)
Open	High	Low	Volume
10.0¢	10.3¢	10.0¢	873320
Last updated 15.49pm 06/05/2024 ?

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