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PovertyBoy

1,888 Posts.

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03/06/18

02:05

Post #: 33456049
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Originally posted by PovertyBoy ↑

Cant answer your questions regarding Yarmana prospectivity except to say we are right next door to Gold road. Right across the border there were a couple of 10m strikes @ 10 gpt and 10m @ 28.6 gpt. Bloody amazing location. Incase anyone has forgotten our tenements are almost as large as GORs and has anyone forgotten the takeover potential???.. well incase anyone has and is just trawling the threads at this late hour then let me drop this truth bomb. Goldfields holds half the production in Gruyere on Gor's ground but has no exploration tenements of their own. This despite the fact that basic infrastructure, gas pipelines, etc are being constructed as we speak probably Goldfields are paying the bill.

If your Goldfields why not get yourself a foothold up there by taking over APC. Even if they paid 100% premium they would probably be covered by the not factored in Potash project. There is significant reasons for Goldfiedls to investigate the Potash potential as a standalone themselves as a lot of their deposits i.e StIves and Granny smith are deposits formed around paleo channels on salt lakes. (See the below youtube videos as the source of brine for APC potash project is derived from a paleo channel)
So Goldfields potentially a game changer in Potash themselves but major gold projects to focus on competing land uses etc.

APC has already drilled the bores has a jorc resource and does not have competing land uses with their SOP project @ lake wells and would be a perfect pilot project for a company like goldfields to test and compare results for a possible foray into Potash themselves.

Perhaps Goldfields will succeed where BHP has failed and will do so in a more organic fashion. They would also in the process pick up APCs laverton downs tenements and a tenement around lake Carey that APC holds increasing their land holding around a salt lake which hosts gfields Wallaby underground, anglo sunrise damn, dacian -mt Morgans. Red october saracans, i forget, anyway major deposits in this area and noone really mentions these tenements that APC has.

APC has been routed in recent times but cashed up and @ 20 million mkt cap we are at or near the bottom IMHO. I mean this purely regarding the gold exploration and I am attributing zero value to the SOP project despite my belief in the product, and general understanding these guys are hoping to be the first producers of SOP in Australia.

The project looks likely. All in a bang on jurisdiction.

Dont be muppets and sell for tax purposes.

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APC Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
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