@Gibbaz
Mar 2021 - Enviro Approval after appeal rejected
Jul 2021 - MR Granted for Gold & Uranium
Aug 2021 - Qala Shallows DFS
Dec 2021 - Rio JV for Mt Cecelia
Aug 2022 - Revised DFS for Qala Shallows
Oct 2022 - Uranium Drilling Positive
Nov 2022 - Toll Treaty signed by Shibanye
Jul 2023 - IDC $16m USD (now in DD)
Jul 2023 - DFS Updated for Qala Shallows
Sep 2023 - Water & Power Connection
Oct 2023 - Wingfield's $10m funding (now in DD)
In between there have been raises at 6-3-1.8 &1.4c & almost doubling of SOI (how else does a small cap survive the lassonde curve pre revenue) & speculators leave waiting on confirmation of project going ahead (hence the current sp/mcap).
to say the company/board haven’t made mistakes is wrong (there have been plenty including not raising good $ when sector was hot, EMI failure, consistent delays in getting things done), but it’s wrong to say the project has’t progressed.
Resource ✅
Feasibility Studies ✅
Permits ✅
Toll Treaty ✅
Funding (at least half way there).
During these years, while not all board members have increased holding, it’s good to see MQ has bought > $150k worth with his own $ (excluding any perf shares etc) & our #1 holder in @Skell is putting in $10m USD to get thos project running.
We’re at the tipping point of getting remainder funding through, get the $ in bank so can start extracting Ore & be profitable shortly. Gold price + Rand exchange rate argur well for us & over the next 12-24 months will also hopefully get some further drilling done on Uranium to convert to 2012 standard resource + increase existing Gold resource to 5moz or so when our prospecting rights come through.
It’s an illiquid spec stock at < $50m aud. Yes it could easily all go pear shaped & crumble, but could also easily become a mid tier producer. Risk reward as always & each to their own.
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