Market's view on Galantas Gold
Published on April 2024
- Stock watchers noted the significant increase in share price and questioned whether it was purely catching up with the gold breakout or if there were other developments.
- Concerns were voiced about the uncertainties surrounding the Dalradian mining system, comparing them with the Cononish experience, suggesting that these uncertainties could impact Canadian investors differently.
- The vein geography and its potential mining rate were discussed but no specific details were provided on the gold production target.
- A technical report from Micon provided insights into mining optimisation and economic parameters for determining the cut-off grade, including price assumptions and cost factors.
- The delay in the updated feasibility study was highlighted, emphasizing its importance over a standalone resource statement.
- Frustrations were shared about junior exploration companies not raising enough funds at IPO to start production, leading to continuous fundraising and share dilution.
- Success stories of profitable investments in junior exploration companies were also shared, highlighting the potential for significant returns despite common frustrations.
- Good results from drilling at the Joshua Vein and the Gairloch project were noted, pointing out the high grades of gold and copper found.
- It was mentioned that the company plans to use raised funds to advance the project to a more definitive mining stage before potential acquisition interests.