Australia's largest stock trading and investment forum Australia's #1 stock forum

GSR

Click for more information

0.00%

1.1¢ greenstone resources limited

Ann: Burbanks Exploration Update, page-27

First 27 Last

Share
Profile

Follow
The Whale1

2,756 Posts.

274

21/12/20

21:02

Post #: 49739702
Share

Originally posted by Lowkeyinvestor: ↑

A deep drill went through gold at something like 10kg/t, it was thought a new vein had been discovered but when they drilled again it couldn't be found. Price soared on the initial news and fell away on the subsequent drill result. (I think we have tried again a year ago but that drill had to be stopped for a reason I can't remember).

The gold price went off the boil and Mt Thirsty Cobalt/Nickel or vis versa exploration and studies became the company focus. Cobalt demand exceeded supply for a little while pushing the price up to around US$90,000 per ton or a bit higher. BAR price was around 12 cents on the Cobalt news and fell away after the Congo again provide supply so the SP fell and fell further on release of the Scoping Study. The PFS didn't push the SP up as the Cobalt price was and is suppressed.

There are other factors offcourse but to me these are relevant ones.

Expand

Cheers

BAR Price at posting: 2.6¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

ASX

ASX explains: How 'futures' are predicted

GMD

Genesis set for higher gold production in FY25 and earlier mill start

RDN

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

TAT

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

There are more pages in this discussion • 8 more messages in this thread...

First 27 Last

Add GSR (ASX) to my watchlist