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(Spec) Gold Turnaround Story of 2018, page-4

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the_contrarian

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24/05/18

11:02

Post #: 33286997
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Originally posted by Green Bull ↑

Hi All,

Thought I'd start a new thread that we can use going forward with all the info/summary in one place.

I'll start off with some initial info I've put together and then I'll add more info through more posts.

Cheers,

GB.

****

As the thread title suggests, I'm hoping that this will turn out to be BLK 2.0 and be to the gold spec end of town what BLK was to the producer end;

The (Spec) Gold Turnaround Story of 2018:

- Refinanced/restructured/relaunched
- New Board/Management
- New focus (high impact exploration, divest non-core assets)
- Cashed up and tiny EV

Upcoming News/Catalysts:

Tesorito Prospect:
- Drilling commencing this month (any time now) (historical drill results = 384m @ 1.01g/t gold)

Chuscal Prospect:
- Finalise JV discussions with AngloGold Ashanti
- Geophysics and drilling once JV finalised (500m x 250m zone > 0.5g/t Au anomaly)

Miraflores Prospect:
- Completion of permitting
- Project funding for underground mine (840Koz, US$643 AISC, US$29.4M EBITDA per annum)

Chilean Non-Core Projects:
- Divest

SP:
= 0.9c now,
= 4c+ six months ago and
= 26c in 2015

Numbers:

View attachment 1116235

Chart:
View attachment 1116191

Gold Price (AUD - close to all-time highs):

View attachment 1116193

The Relaunch/Summary:

View attachment 1116241

Summaries of Projects:

View attachment 1116197

View attachment 1116199

Colombian Quinchia Project (Location):

View attachment 1116201

Colombian Quinchia Project (Tesorito Prospect)
(drilling starting this month - any time now):

View attachment 1116207

Colombian Quinchia Project (Chuscal Prospect)
(JV discussions with AngloGold Ashanti):

View attachment 1116211

View attachment 1116213

Colombian Quinchia Project (Tesorito & Chuscal Prospects Value Story):

View attachment 1116217

Colombian Quinchia Project (Miraflores Prospect)
(permitting & funding for mine (840Koz, US$643 AISC, US$29.4M EBITDA per annum):

View attachment 1116219

View attachment 1116221

Expand

Great post @Green Bull
We should be hearing some news in regards to commencement of the drilling programme at Tesorito any day now.

MNC Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
2 Upvote

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