The key to profitable investing in junior mining is making your conviction beat contradicting market signals
Since
@AbraSilver
discovered their JAC target -357g/t AgEq over 87m- the shareprice has gone down by 14%, while silver rose 18% 🤔
$ABRA.V
For future reference 👇
/1
Since
@AbraSilver
discovered their JAC target -357g/t AgEq over 87m- the shareprice has gone down by 14%, while silver rose 18% 🤔
$ABRA.V
For future reference 👇
/1
Results since that discovery show this is an ultra high grade silver deposit outside of the main pit
JAC will likely be a second pit with favorable metallurgy as also mostly in oxides
This week they hit the highest grade intersection at JAC to date:
871 g/t AgEq over 27m!
/2
JAC will likely be a second pit with favorable metallurgy as also mostly in oxides
This week they hit the highest grade intersection at JAC to date:
871 g/t AgEq over 27m!
/2
That's a possible feeder structure as this was a deeper sulphide portion of a hole that also encountered 518.4g/t AgEq over 36m in oxides, directly above
They believe the project is being driven by a deeper porphyry as both at JAC and Oculto they are seeing copper at depth
/3
They believe the project is being driven by a deeper porphyry as both at JAC and Oculto they are seeing copper at depth
/3
They've been hitting above 1% copper over decent lengths
This porphyry has not yet been hit, but could be a major catalyst once they do
For now, Abra is focusing on the low hanging fruit which are the near surface high grade oxides for high margin processing in the future
/4
This porphyry has not yet been hit, but could be a major catalyst once they do
For now, Abra is focusing on the low hanging fruit which are the near surface high grade oxides for high margin processing in the future
/4
Abra currently has 2 active rigs for phase 3, wich is 15,000m and only half way
To date at JAC, they completed 43 holes and we only saw 19 results out of those
Expect lots of high impact newsflow from there
They'll also put some holes in Alpaca and Fantasma targets
/5
To date at JAC, they completed 43 holes and we only saw 19 results out of those
Expect lots of high impact newsflow from there
They'll also put some holes in Alpaca and Fantasma targets
/5
As they're proving up this new high grade deposit with an 800m strike, the market hasn't given them any credit yet
The longer this drags on, the more violent the move once the awakening happens
Project already on a league of its own, heading for 300Moz AgEq this year
/6
The longer this drags on, the more violent the move once the awakening happens
Project already on a league of its own, heading for 300Moz AgEq this year
/6
In February, drilling will also start again at La Coipita in San Juan
Hunting for a Cu-Au porphyry by drilling 3 deep holes for a total metrage of 3,600m
CEO Miniotis is right about 2023 being a transformative year for AbraSilver as there's numerous catalysts coming up
/7
Hunting for a Cu-Au porphyry by drilling 3 deep holes for a total metrage of 3,600m
CEO Miniotis is right about 2023 being a transformative year for AbraSilver as there's numerous catalysts coming up
/7
-Drilling JAC + new targets at Diablillos
-Drilling La Coipita
-Update on resource 1H23, towards 300Moz AgEq
-PFS 1H23
EV $120M while NPV for Oculto alone is approaching $500M at current market prices
Will prove to be a case study on contradicting market signals
/8
-Drilling La Coipita
-Update on resource 1H23, towards 300Moz AgEq
-PFS 1H23
EV $120M while NPV for Oculto alone is approaching $500M at current market prices
Will prove to be a case study on contradicting market signals
/8
If you enjoyed this thread,
RT the tweet below to share this thread with your audience
Cheers, GV
/end
RT the tweet below to share this thread with your audience
Cheers, GV
/end
Loading suggestions...