Yep some new items... "Possible purchase and expansion of gold mine operated by GeoMinera" is the most interesting in my view.
First time we have seen the new gold project get a proper mention instead of mentions in passing during webinars. From prior conversations with Brian, this project is apparently ready to be handed over to AAU but AAU first need to prove themselves by getting NS financed and under construction.
Big upgrades are obvious to the current NPV for both NS and LD with higher commodity prices and the dore+antimony upgrades for LD... with today's commodity prices and the dore gold + antimony production, I'd have the combined NS+LD NPV at US$450M++ (AU$750M+)
Same underlying story though... if we had $30-$40M there is a clear pathway to make this a mid-sized mining company by 2030... so many projects that can snowball to very decent $$$ after a few years. I guess that's why the arbitration result was so disappointing... it was the ticket to get the first project rolling.
...so from our market cap of $7M... we are sitting on 2 near-development ready projects with an NPV at more than 100x our market cap. Then there's a queue of other projects - a 3rd that is already in development, and then the exploration projects, most of which have historical data that give positive indications... Immense upside here for those who accept the risks.
This stock could realisically 10x at sign of the first project being funded as it makes the pathway to snowball the rest of the projects much more real... it has been a long time and Brian needs to finally deliver now at a time when gold is sky high.
Nice to see a huge buy on market today. Hopefully pops up on some broker screens and gets the attention it needs.
AAU Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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