jersey3
06 Jan 2016
Re: 4p target Can you tell me which broker is predicting this target price, I can't seem to find it.
dicko80
06 Jan 2016
4p target yes 4p target ! 1000% upside !! Sula Iron & Gold (SULA LN)# The remaining drill holes of the Ferensola gold drilling program have now been assayed and the batch two results released. Multiple intercepts in several holes with grades up to 12gAu/t over thicknesses of 0.4m to 2m were encountered. Seven of the ten total holes completed had gold mineralization greater than 0.5gAu/t and, along with historic holes, define multiple shear zones over an indicated strike length of 350m. SULA had previously forecast a target potential on the program of 0.8m to 1.5m ounces with a grade between 4g and 8g gold/t. We emphasize that the length-weighted average of the mineralised intercepts, including re-assayed drill holes, in this program comes to a grade of 4.48gAu/t with an average width of 1.5m and true thicknesses of 0.4m to 7.1m; within the range of average grades anticipated in SULA’s pre-drilling forecast. We also highlight that just 25% of the known mineralised area has now been tested. Furthermore, this section was chosen for the initial gold drilling programme due to the prior historic work rather than it necessarily being the most prospective. There is therefore significant potential remaining within the exploration target while grab sampling has indicated further mineralisation 2km to the South of the current exploration target. We are encourage by the progress made toward the exploration goals established and believe there is significant further geological potential. We re-iterate our Speculative Buy recommendation and 4p price target.
dicko80
06 Jan 2016
RNS Sula's CEO, Nick Warrell, commented:"I am excited by the results of the second batch of drill core samples from the extended scout drilling programme at our Ferensola Gold Project, together with the samples of "goldstones" as they exceed my best case expectations.The highlights of the exploration programme include gold mineralisation encountered in 70% of the drillholes, in an area measuring approximately 25% of the defined Exploration Target by SRK. Total length-weighted grade equates to 4.48 g/t Au at a thickness of 0.35 m to 7.1 m. A multiplicity of mineralised shear zones is highly significant for potential open cast and selective underground mining. Goldstones and a quartz-pyrite sample with exceptionally high grade gold have been identified up to two kilometres outside of the Exploration Target. These samples are believed to be part of the same geological setting and derived from high grade basement structures.I believe our Ferensola Gold Project hosts a major deposit of significant tonnage together with high grade and we look forward to progressing the project further in due course towards a Bankable Feasibility stage".
dicko80
03 Jan 2016
Re: what is going on? Hello DKNice to have some company Apologises I have been away, but nice reversal over the last few trading daysNews on batch 2 gold results should be this week
DK6
22 Dec 2015
what is going on? 36% down? Wot T_F is going on?
dicko80
29 Nov 2015
Re: Target How longs a piece of string ?There's a lot of news flow due in December that should add value
Wonky_aim
27 Nov 2015
Re: Target In what time frame? if..... if we have gold are we talking above the 2p short / immediate term do you think?Cant see a down side to this at present..... just trying to get a grasp of the figures / projections
dicko80
20 Nov 2015
Re: Target VSA capital state 4p as a targetSRK state $56m which is 7.5pBut the gold could change all that First samples shipped today
Wonky_aim
20 Nov 2015
Target Anyone got any idea of a target SP for this?Been bumping around the 0.4 mark a while.........
dicko80
05 Nov 2015
Game On [link]
dicko80
02 Nov 2015
Re: Exciting times There's gold in them t'hills
dicko80
30 Oct 2015
Re: Exciting times [link]
dicko80
29 Oct 2015
Re: Exciting times ConfirmationDrill starts next week[link]
dicko80
19 Oct 2015
Exciting times 2 drilling rigs on site 1st November to prove up potential 4m - 10m oz gold.....overseen by tier 1 gold producer loan applied for to start mining Coltan I would expect signed off-take agreement to be announced next
dicko80
15 Oct 2015
Video interview [link] the radar of the big boys"
