I come across the following post and it was just mouth watering stuff. The poster goes by the name of Toro. So thanks Toro, ( SOLG 1 -feel free to do the proper citation) and I hope you don't mind me sharing this here at DGR hotcopper thread Toro.
...If half of what this guy says is true we are all going to be filthy rich... And to think we get 26.33% of this, and none of that is currently factored into our share price (that is if you believe in NTA parity of course)
Well below is Toro's bit that I copied and pasted...toro toro toro toro toro TORO peakooo
"Right at this moment, IronRidge has 44 assets / licences in total. 4 of these are either ‘in application’ or ‘status unknown’. I’ll concentrate on what we do know here. I’ve grouped a few together and left a few out."
1. Monogorillby, Australia
Resources: Bauxite & Titanium
Status: Maiden JORC completed, more to come
Notes: Estimated only 2% of licence areas drilled to date with JORC compliant resource at 55MT. PMR Research Ltd recently stated that “on average one square meter of land can extract one metric ton of aluminium”. Monogorillby is 1484km2. Do the maths. This is a monster!!
Don’t ignore the Titanium either, there’s about $134bn in-ground value so it’s not small.
2. Dorothe, Chad
Resource: Gold
Status: Drilling started, JORC will follow
Notes: Superb grades up to 103g/t reported. Could be “several million ounces” according to VM. Likely to become a major Tier 1 gold asset
3. Echbara & Am Ouchar, Chad
Resource: Gold
Status: I believe the company will report on Dorothe first, then continue with the other licences. Bear in mind that Echbara & Am Ouchar are both the same size licence area as Dorothe.
Notes: Vincent Mascolo: “Echbara and Am Ouchar could mirror Dorothe”
4. May Queen, Australia
Resource: Gold & Copper
Status: Drilling started, geology similar to the 2MOz Crakow gold mine which is 120km away and also similarities with the Red Dome copper-gold deposit with 15Mt at 2.6g/t Au (1.4MOz). Two new targets identified whilst drilling – 2km and 8km along the strike. Historic drilling revealed grades up to 145g/t which are the largest documented gold grades that I can find anywhere!
Notes: With relatively low cost capex, this could yield £30m profit per year at current gold prices
5. Tchibanga, Gabon
Resource: Iron Ore
Status: The new flagship asset!! Recent rising iron prices will get majors talking about Tchibanga.
Notes: Previous company estimates at $85 iron give an NPV of $4.8billion. Iron currently at ~$95. Initial drilling was completed by SRK Exploration
6. Belinga Sud, Gabon
Resource: Iron Ore
Status: Back in the spotlight with rising iron prices.
Notes: Previous estimates at $85 iron give an NPV of $1.6billion. It’s not small.
7. Egyasimanku Hill (+others), Ghana
Resource: Lithium
Status: Non-JORC resource of 1.48Mt at 1.66% Li2O hard rock, pegmatite mineralisation. Pegmatite formations over 10km by 1 to 3km are significant. You really need to look at the maps on this one – very very big upside with a world class grade!
Notes: Expect this historic resource to be significantly increased from this 238km2 licence area. Total land package (includes 5 new licences) is 314km2 in total.
Continued...
8. Enchi Proci JV (+others), Ivory Coast
Resource: Lithium
Status: No resource estimate as yet but multiple pegmatites discovered, each over 15m to 20m wide with several hundred metre strike lengths
Notes: Licence area in Ivory Coast totals 1338km2 which alone is the largest lithium acreage on AIM.
9. Kineta North (+others), Ivory Coast
Resource: Gold
Status: New assets, awaiting further information
Notes: Significant land package secured of 2310km2 which when combined with Chad and Australia makes this the largest gold acreage on AIM. Similarities in geology have been drawn as follows: Similar splay-off structures host the world-class Syama (7Moz) and Tongon (5Moz) gold mines to the north (Gboguhue and Vavoua Projects and Soubre Project). The southern extension of the hugely gold prolific Ahafo (23Moz) - Bibiani (7Moz) - Chirano (5Moz) structure into Ivory Coast (Bianouan Project). The southern extensions of the North-South striking Wa (2.2Moz) - Konkera (3.3Moz) gold bearing structure (Kineta North Project)
10. Tchibanga Nord, Gabon
Resource: Iron Ore
Status: Back in the spotlight with rising iron prices.
Notes: The baby of the Gabon assets but still 1400km2 it's only 2/3 the size of Tchibanga and Belinga Sud
11. Quaggy, Australia
Resource: Nickel
Status: Seeking JV partner
Notes: In the IronRidge Indaba 2015 presentation, Quaggy magnetic soil sample results were compared to the infamous Nova Nickel discovery which led to Sirius Minerals 100 bagging on the ASX and subsequently getting sold for $1.4billion
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