Hindsight is a wonderful thing but looking back, $KEN.PLC was just as obvious a multi bagger back a few months ago. No surprise its now at a A$64m market cap. Incredible run @TRAVmoneyofmine
Kendrick Resources PLC exercised an option over two carbonatites in Namibia. one where from 300 rock chips samples, 50% were over 2.7% TREO. Visible carbonatite from satellite, similar diameter to Lindians or Aldoros. £6.5m market cap. This will follow the same path as ARN IMO
$OCN (A$73M) – Serra Negra
• 10km carbonatite complex
• One of the largest in Brazil
• Acquired 100% for ~$10.3M
$AKN (A$42M)
• 5km ring complex
• 6 hills, 1 drilled
$KEN (A$22M)
• 8.14% TREO over 21m
• Peak 10.7% TREO
• EOH still mineralised at 6.09% TREO
$AKN
• Large-scale system, minimal modern drilling
• Targeting maiden resource with upcoming program
$KEN
• High-grade zones already defined
• Drilling showing mineralisation persists at depth
@SamsonLi7 $VMM potentially the most undervalued ionic clay project worldwide now imo. At least $MEI is above $400m market cap meanwhile $VMM sub $250m
I still can't wrap my head around why $TSK would sell the very promising Tundulu REE project to $AKN as opposed to continuing with the exploration themselves. Why give up such a promising asset, and not even for a great deal?
@TRAVmoneyofmine Kendrick Resources PLC announce that they are not expecting the 6.1% TREO grade at end of hole TWDD001 to decrease in grade at depth, and the hypothesis is 'suggesting the high-grade persists at considerable depth'.
Market Cap: £8.69m
https://t.co/UPwio02EWD
@TRAVmoneyofmine stock of the year incoming when a large carbonatite intersects these kind of grades from its first drill hole. Could be Pensana's Longonjo all over again but the maiden drill hole grades are twice as good. $SGQ level off the first hole ending in 6% TREO too..
• Major drilled a handful of exploratory holes for additional veins, no material hits
• Same major identified multiple untested targets
• The exhausted vein is narrow/variable, real risk of discontinuity
high-risk / high-reward DM if interested me.
Any small-caps willing to take exploration risk on a bonanza grade epithermal system?
• USA
• ~130koz historic production
• ~450 g/t) avg grade during production
• Single narrow bonanza shoot mined
• No down-dip continuation potential unfortunately, vein is exhausted