Just having a bit of a browse over a few of my holdings trying to work out what I would regard as fair valuations
company 1.
Total Mineral Resource increased to
3 Moz Au.
• very high-grade material increases
following seven months of intensive infill and extensional diamond
drilling for around 35,000 metres.
*Looking to begin mining next year..
MC- $65m
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Company 2.
results from drilling to date-
52m @ 1.40 g/t Au from 65m
19m @ 2.93 g/t Au from 65m
56m at 1.97 g/t Au from 44m
40m at 3.01 g/t Au from 24m
36m at 1.51 g/t Au from 32m
26m at 2.02 g/t Au from 126m
9m at 4.17 g/t Au from 18m
44m at 2.77 g/t Au from 149m
83m at 0.64 g/t Au from 112m
19m at 1.28 g/t Au from 84m +
#company currently in off take agreements/joint ventures with international vendors on 1 billion+ ton iron ore project.
MC- $15m
...........................................
Company 3.
Highlights
• Exceptional gold intersections from maiden drilling program at
***********-Gold Project confirm new high-grade discovery
• Results include;
o 5m @ 50.2g/t Au from 42m in hole SGRC39 including
o 3m @ 83g/t Au from 42m and
o 1m @ 224 g/t Au from 44m
o 4m @ 4.26g/t Au from 105m
+ lithium project
• Drilling has delivered exciting initial results;
o Pegmatites intersected in all 8 holes drilled to date, including
o Near-surface 25m thick, vertical body of solid pegmatite
o 500m strike length confirmed - remains open in both directions
o Spodumene visually identified in drill cuttings - most samples are
Lepidolite-Spodumene-Petalite
MC- $15m
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And now MHC...
there is definitely some good value out there at the moment.. if the share price continues to fall this will be another great value stock.
