I have been asked by a number of investors to comment on the effect of changes in the 2012 Edition of the JORC Code (explained below). These changes will be implemented on 1 December 2013. In particular, there is concern that listed companies will be severely constrained in the reporting…
After being suspended since 7 March 2013, ZYL announced yesterday that all legal disputes and financial issues had been settled (read the announcement here). This will now allow the company to accelerate development of its anthracite assets in South Africa. The outstanding feature of the settlement is that, for the…
The Simuku project is a joint venture between Coppermoly and Barrick, read more background here. The project is well-located, being 32 kilometres southwest of Kimbe, the capital of West New Britain province in Papua New Guinea (“PNG”). Kimbe is a town of about 20,000 people and is the main export port…
Greetings Last month’s note aired my frustration about momentum and herd mentality dictating market terms, rather than cold hard facts. Hence, being able to advise, or predict, the direction of resource equities is at best difficult; at worst a mug’s game. This week I’m going to take a “devil’s advocate”…
Coppermoly holds some very interesting copper-gold-molybdenum resources in PNG, with huge upside potential. However, the company has languished at a market capitalisation of around $6 million for the past year. This does not remotely reflect asset value; but to be fair, many other junior resource companies are in the same…
This article is the second in a series on the Ilo Norte project. Read the first article here, and an overview of Latin Resources here. The geology of Ilo Norte comprises a sequence of volcanic and sedimentary rocks, up to 600 metres thick, that dips moderately to the north-northeasteast. The…