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Chart shows bigger volume on the rally, no doubt we have buyers coming in here.
And bid/ask spread tight less than .002
Dallyb, very cool on seeing a Nomad. I have two Nemos have not seen a Nomad yet. Sounds like has a great high quality feel to it.
Detailed Q PR and more:https://galanegold.com/news/english/index.php?content_id=233
As of the end of July, Galane Gold has commenced stoping in the Galaxy ore body and expects to see a marked increase in tonnes delivered to the processing plant going forward. This represents the final milestone to be met as the Company ramps up production to over 26,000 ounces per annum.(1)(2) In addition, Galaxy has exceeded its production budget for the second quarter, producing 2,496 ounces of gold (1,872 payable ounces). The Company also notes that Galaxy experienced no material effects from the recent unrest in South Africa.
“The results at Galaxy exceeded our expectations which was due to the additional hard rock feed and the mined grades being higher than the block models predicted. In addition, the commencement of stoping in Galaxy is the last milestone in the ramp up to the completion of Phase 1.
“Finally, on the site visit to Summit, I was impressed by the condition of both the mill and the underground. There is already almost two years of potential production available from stopes in the underground due to historic development that was not exploited before the mine went into care and maintenance in 2013. This represents a great platform for us to restart the operation with minimal capital investment.”(1) https://galanegold.com/news/english/index.php?content_id=233
So I see 4,000oz Q3 at Galaxy and 6,000 oz in Q4
Katchum has put out video on this
all gold miners have been doing poorly,look at GDXJ Moo
This is normal Drugmanrx,indeed Nomad Likely way more efficient to produce besides performance improvement. I have fair amount of hard manufacturing and technology development and design experience. After making Nemos for over a year in high numbers they will inherently know how to make Nomads better, faster and cheaper.
Would not be surprised if Nomad cost to make is below that of Nemo then they can migrate that back to Nemo. In mean time think how much money they will make on Nomads. Now the company finally has an adjusted profit after all this growth and investment. Kick in high margin Nomads and the numbers Q4 should be pretty.
L&W roughly tripled. Everything else has been doing great. Impressive how main 3rd lung biz has grown so much. The one laggard was L&W looks like that is now on track.
So this explains big rise,TheQ LINK
https://www.globenewswire.com/news-release/2021/08/16/2281213/0/en/Brownie-s-Marine-Group-Announces-29-7-Increase-in-Revenues-for-Q2-2021-vs-Q2-2020.html And link to full 10Q is here on top of comments. Ihub good that way.
The Q really is impressive.
That is correct Bman.TheyWerePaid4Vent so Blu3 UpHuge
The US gov paid them to build the prototype, they made a small profit,1 time deal so pulling that out is way to look at it, Nemo selling like hotcakes.
Cheers
BidAsk .0515X .0520 .0005 Spread!
That is tightest spread think have ever seen on BWMG, it it been super tight over an hour. Interesting.
Maybe just the deal being recognized as accretive?
Any guesses? BigVolume, maybe Q#s Leaking?
Over .05 with near 800,000 shares,HMMM
Something is going on?
https://www.metaltechnews.com/story/2021/04/21/mining-tech/wyoming-is-ideal-for-in-situ-gold-mining/535.html
First part: Group 11 Technologies Inc. believes that GFG Resources Inc.'s Rattlesnake Hills project about 60 miles southwest of Casper, Wyoming is the ideal place to prove the viability of its proprietary means of recovering gold from the earth without mining.
This technique, known as in-situ recovery, is a non-invasive method that involves circulating fluids underground that dissolve the sought metals and then pumping the fluids back to the surface to extract the metals – reverse of the process that emplaced the metals. This typically involves drilling a series of injection, extraction, and monitoring wells to circulate and observe the fluid flows.
Also known as ISR, this metals extraction technology eliminates the need for open pits or underground tunnels, tailings storage, and the large equipment needed for traditional mining. This translates to much lower capital and operating costs and minimal impact on the environment. At the end of an ISR mine, the ore body is rinsed with clean water and the wells and surface infrastructure removed and restored, which is much simpler and less expensive than closing conventional open-pit or underground mines.
While in-situ gold recovery is novel, the uranium industry developed this extraction technique nearly 50 years ago and it is now a preferred method of extracting the energy metal.
"Over the last several decades, this technology has been successfully applied in both uranium and copper mining, driving significantly reduced development timeframes, lower capital intensity, and materially reduced environmental impacts," said CFG Resources President and CEO Brian Skanderbeg. "We believe in its potential to be equally applicable to the gold space."
With the idea that ISR had the potential to revolutionize gold mining, EnviroLeach Technologies Inc., Golden Predator Mining Corp., and enCore Energy Corp. formed Group 11, a partnership that benefits from expertise brought by each company.
The ability to use ISR to recover gold was made possible by a formula developed by EnviroLeach that is a combination of five ingredients with the ability to extract gold and other metals from ore, concentrates, and electronic waste. What is amazing and makes this formula ideal for in-situ gold recovery is all the ingredients have been approved for human consumption by the FDA.
https://www.metaltechnews.com/story/2021/04/21/mining-tech/wyoming-is-ideal-for-in-situ-gold-mining/535.html
First part: Group 11 Technologies Inc. believes that GFG Resources Inc.'s Rattlesnake Hills project about 60 miles southwest of Casper, Wyoming is the ideal place to prove the viability of its proprietary means of recovering gold from the earth without mining.
This technique, known as in-situ recovery, is a non-invasive method that involves circulating fluids underground that dissolve the sought metals and then pumping the fluids back to the surface to extract the metals – reverse of the process that emplaced the metals. This typically involves drilling a series of injection, extraction, and monitoring wells to circulate and observe the fluid flows.
Also known as ISR, this metals extraction technology eliminates the need for open pits or underground tunnels, tailings storage, and the large equipment needed for traditional mining. This translates to much lower capital and operating costs and minimal impact on the environment. At the end of an ISR mine, the ore body is rinsed with clean water and the wells and surface infrastructure removed and restored, which is much simpler and less expensive than closing conventional open-pit or underground mines.
While in-situ gold recovery is novel, the uranium industry developed this extraction technique nearly 50 years ago and it is now a preferred method of extracting the energy metal.
"Over the last several decades, this technology has been successfully applied in both uranium and copper mining, driving significantly reduced development timeframes, lower capital intensity, and materially reduced environmental impacts," said CFG Resources President and CEO Brian Skanderbeg. "We believe in its potential to be equally applicable to the gold space."
With the idea that ISR had the potential to revolutionize gold mining, EnviroLeach Technologies Inc., Golden Predator Mining Corp., and enCore Energy Corp. formed Group 11, a partnership that benefits from expertise brought by each company.
The ability to use ISR to recover gold was made possible by a formula developed by EnviroLeach that is a combination of five ingredients with the ability to extract gold and other metals from ore, concentrates, and electronic waste. What is amazing and makes this formula ideal for in-situ gold recovery is all the ingredients have been approved for human consumption by the FDA.
$GFGSF PumpingGoldOutOfWaterWells? SeekingAlpha Article In-SituGoldMining Deal
This is the most exciting technology story in gold mining in decades to best of my knowledge, and I am a geologist. Have taken a position in GFGSF because risk/reward is so good. Stock up 30% since article written.
https://seekingalpha.com/instablog/535947-darp-research/5611282-gfgs-game-changing-in-situ-gold-mining-deal-tiny-downside-and-huge-upside
Snip of beginning:
GFG's Game Changing In-Situ Gold Mining Deal, Tiny Downside And Huge Upside
Summary
GFG may revolutionize gold mining with In-Situ Mining, which means the gold is pumped out of the Earth like oil. Potential for tiny AISC costs.
Deal is very low risk, why did Group 11 give GFG such a great deal? Rattlesnake is the ideal mine site to prove Gold In-Situ can be done.
GFG gets a 30% carried interest, money and major ownership in Group 11 (In-Situ company). GFG has proven 20 Bagger management (Claude) and a tiny market cap of $13 million.
GFG Resources (OTCQB:GFGSF) has done a deal with Group 11 that may bring about one of the most revolutionary things for gold mining technology ever. And if Gold In-Situ mining works at their Rattlesnake Hills property with an estimated 600,000 to 1,000,000 ounces of gold the profits would dwarf their current market cap of $13 million. And that is ignoring that GFG also gets millions of cash and more importantly a large ownership interest in Group 11.
Unknown Nanocaps Provide Exceptional Returns When Discovered
GFG Resources is an inordinately unknown stock. This deal was done weeks ago yet the market has not even noticed. How did I find out about it? It goes back to a 20+ Bagger achieved through Claude Resources (OTCQB:CLGRF). Bought CLGRF for as low as $0.12 a share as my #1 position and sold the last of it, after it was acquired by Silver Standard Resources Inc. for $337 million, for $2.80 a share equivalent in August 2016. The two key people dealt with there were CEO Brian Skanderbeg and VP of Business Development Marc Lepage, the very same team now at GFG. It was a good experience to say the least.
On Claude it went from extreme undervaluation to considerable overvaluation. That was exactly the plan when bought it. So when Brian and Marc started a new gold mining company bought a small position in GFG just to make sure kept track of it. Gold explorers, which is what GFG is, are not my style. Have discovered that existing producers or near production stocks that are super undervalued are often available. Think that is a safer play and they can have just as big of an upside.
In the case of GFG they have both the Rattlesnake Hills gold deposit in Wyoming and the Pen Gold and Dore Gold projects which are a rather massive land package in Canada near Timmins. You can read up on that here in their presentation.
So to my plan of not forgetting GFG was scrolling through portfolio and saw GFG and as had not checked for news in a while did so. Bingo, read a press release (GFG Signs Option Agreement with Group 11 Technologies to Advance the Rattlesnake Hills Gold Project with Disruptive Technology) that blew me away. It was about GFG getting a carried interest (other side pays all expenses) to build an In-Situ gold mine at Rattlesnake.
The Deal
Under the terms of the Agreement, Group 11 has a right to earn 70% interest in the Project over a period of up to seven and a half years by:
Spending a minimum of US$9.5 million in Expenditures.
Paying 100% of holding and maintenance costs related to the Project.
Covering all Expenditures to advance the Project into commercial production.
Making staged equity payments to GFG of Group 11 common stock of up to 9.9% of Group 11’s common shares issued and outstanding on a fully-diluted basis.
Making a cash payment of US $7.5 million.
New technology for In-Situ gold mining,applies2Comstock?
When found out about this, the Comstock is first mine that came to mind. In-Situ mining of gold now appears very feasible, same method that is used for 48% of worldwide Uranium production.
The reason? It needs a water table where the gold ore is. What is Comstock's #1 past problem? A water table where ore is. Huge cost of pumping water out to get miners in.
With this they dissolve the gold in place and pump out much less water, but it is water with gold in it (iodine/iodate disolves it, food safe)
The below explains it
GFGSF SeekingAlpha Article In-SituGoldMining Deal
This is the most exciting technology story in gold mining in decades to best of my knowledge, and I am a geologist. Have taken a position in GFGSF because risk/reward is so good.
https://seekingalpha.com/instablog/535947-darp-research/5611282-gfgs-game-changing-in-situ-gold-mining-deal-tiny-downside-and-huge-upside
Snip of beginning:
GFG's Game Changing In-Situ Gold Mining Deal, Tiny Downside And Huge Upside
Summary
GFG may revolutionize gold mining with In-Situ Mining, which means the gold is pumped out of the Earth like oil. Potential for tiny AISC costs.
Deal is very low risk, why did Group 11 give GFG such a great deal? Rattlesnake is the ideal mine site to prove Gold In-Situ can be done.
GFG gets a 30% carried interest, money and major ownership in Group 11 (In-Situ company). GFG has proven 20 Bagger management (Claude) and a tiny market cap of $13 million.
GFG Resources (OTCQB:GFGSF) has done a deal with Group 11 that may bring about one of the most revolutionary things for gold mining technology ever. And if Gold In-Situ mining works at their Rattlesnake Hills property with an estimated 600,000 to 1,000,000 ounces of gold the profits would dwarf their current market cap of $13 million. And that is ignoring that GFG also gets millions of cash and more importantly a large ownership interest in Group 11.
Unknown Nanocaps Provide Exceptional Returns When Discovered
GFG Resources is an inordinately unknown stock. This deal was done weeks ago yet the market has not even noticed. How did I find out about it? It goes back to a 20+ Bagger achieved through Claude Resources (OTCQB:CLGRF). Bought CLGRF for as low as $0.12 a share as my #1 position and sold the last of it, after it was acquired by Silver Standard Resources Inc. for $337 million, for $2.80 a share equivalent in August 2016. The two key people dealt with there were CEO Brian Skanderbeg and VP of Business Development Marc Lepage, the very same team now at GFG. It was a good experience to say the least.
On Claude it went from extreme undervaluation to considerable overvaluation. That was exactly the plan when bought it. So when Brian and Marc started a new gold mining company bought a small position in GFG just to make sure kept track of it. Gold explorers, which is what GFG is, are not my style. Have discovered that existing producers or near production stocks that are super undervalued are often available. Think that is a safer play and they can have just as big of an upside.
In the case of GFG they have both the Rattlesnake Hills gold deposit in Wyoming and the Pen Gold and Dore Gold projects which are a rather massive land package in Canada near Timmins. You can read up on that here in their presentation.
So to my plan of not forgetting GFG was scrolling through portfolio and saw GFG and as had not checked for news in a while did so. Bingo, read a press release (GFG Signs Option Agreement with Group 11 Technologies to Advance the Rattlesnake Hills Gold Project with Disruptive Technology) that blew me away. It was about GFG getting a carried interest (other side pays all expenses) to build an In-Situ gold mine at Rattlesnake.
The Deal
Under the terms of the Agreement, Group 11 has a right to earn 70% interest in the Project over a period of up to seven and a half years by:
Spending a minimum of US$9.5 million in Expenditures.
Paying 100% of holding and maintenance costs related to the Project.
Covering all Expenditures to advance the Project into commercial production.
Making staged equity payments to GFG of Group 11 common stock of up to 9.9% of Group 11’s common shares issued and outstanding on a fully-diluted basis.
Making a cash payment of US $7.5 million.
GFGSF SeekingAlpha Article In-SituGoldMining Deal
This is the most exciting technology story in gold mining in decades to best of my knowledge, and I am a geologist. Have taken a postion in GFGSF because risk/reward is so good.
https://seekingalpha.com/instablog/535947-darp-research/5611282-gfgs-game-changing-in-situ-gold-mining-deal-tiny-downside-and-huge-upside
Snip of beginning:
GFG's Game Changing In-Situ Gold Mining Deal, Tiny Downside And Huge Upside
Summary
GFG may revolutionize gold mining with In-Situ Mining, which means the gold is pumped out of the Earth like oil. Potential for tiny AISC costs.
Deal is very low risk, why did Group 11 give GFG such a great deal? Rattlesnake is the ideal mine site to prove Gold In-Situ can be done.
GFG gets a 30% carried interest, money and major ownership in Group 11 (In-Situ company). GFG has proven 20 Bagger management (Claude) and a tiny market cap of $13 million.
GFG Resources (OTCQB:GFGSF) has done a deal with Group 11 that may bring about one of the most revolutionary things for gold mining technology ever. And if Gold In-Situ mining works at their Rattlesnake Hills property with an estimated 600,000 to 1,000,000 ounces of gold the profits would dwarf their current market cap of $13 million. And that is ignoring that GFG also gets millions of cash and more importantly a large ownership interest in Group 11.
Unknown Nanocaps Provide Exceptional Returns When Discovered
GFG Resources is an inordinately unknown stock. This deal was done weeks ago yet the market has not even noticed. How did I find out about it? It goes back to a 20+ Bagger achieved through Claude Resources (OTCQB:CLGRF). Bought CLGRF for as low as $0.12 a share as my #1 position and sold the last of it, after it was acquired by Silver Standard Resources Inc. for $337 million, for $2.80 a share equivalent in August 2016. The two key people dealt with there were CEO Brian Skanderbeg and VP of Business Development Marc Lepage, the very same team now at GFG. It was a good experience to say the least.
On Claude it went from extreme undervaluation to considerable overvaluation. That was exactly the plan when bought it. So when Brian and Marc started a new gold mining company bought a small position in GFG just to make sure kept track of it. Gold explorers, which is what GFG is, are not my style. Have discovered that existing producers or near production stocks that are super undervalued are often available. Think that is a safer play and they can have just as big of an upside.
In the case of GFG they have both the Rattlesnake Hills gold deposit in Wyoming and the Pen Gold and Dore Gold projects which are a rather massive land package in Canada near Timmins. You can read up on that here in their presentation.
So to my plan of not forgetting GFG was scrolling through portfolio and saw GFG and as had not checked for news in a while did so. Bingo, read a press release (GFG Signs Option Agreement with Group 11 Technologies to Advance the Rattlesnake Hills Gold Project with Disruptive Technology) that blew me away. It was about GFG getting a carried interest (other side pays all expenses) to build an In-Situ gold mine at Rattlesnake.
The Deal
Under the terms of the Agreement, Group 11 has a right to earn 70% interest in the Project over a period of up to seven and a half years by:
Spending a minimum of US$9.5 million in Expenditures.
Paying 100% of holding and maintenance costs related to the Project.
Covering all Expenditures to advance the Project into commercial production.
Making staged equity payments to GFG of Group 11 common stock of up to 9.9% of Group 11’s common shares issued and outstanding on a fully-diluted basis.
Making a cash payment of US $7.5 million.
Big Zinc producerTrevalli going leaching above ground
VANCOUVER, BC, Aug. 3, 2021 /CNW/ - Trevali Mining Corporation(TREVF)("Trevali" or the "Company") (BVL: TV) in pleased to announce that a pilot plant testing program using Caribou run-of-mine and milled material at FLSmidth's Rapid Oxidative Leach ("ROL") process testing facility in Salt Lake City, Utah, is underway. The program expands on previous laboratory test work and is aimed at demonstrating the potential to recover zinc, lead, copper, gold, and silver as a precipitate or metal and additional zinc and lead from Caribou ore and mill tailings.
A another sign after the GFG deal that industry is moving this way, In-Situ is way more exciting than above ground (GFG deal) because saves all the costs of mining,
Name Leach does have some baggage(leaches) so likely a good move. Does not bother me, just whether it works or not and it seems it does indeed work.
Based on 300,000 SpareAirSales,GottaBe about $1mill-1.5mill sales
Surprised mkt has not reacted more. There has been zero reaction up or down. Guess takes a while to digest.
Seeking Alpha Galane Gold: A Production Growth Story
Jan. 06, 2021 9:12 AM ETGalane Gold Ltd. (GGGOF)76 Comments7 Likes
Summary
Galane Gold total production is estimated to double in 4 years.
Galane Gold is currently undervalued based on EBITDA multiple of 5.
Galane Gold has excellent exploration potential.
Galane Gold will be debt-free in 2 years.
Galane Gold (GGGOFF) is a gold mining company with operations based in South Africa and Botswana. The company has a market capitalization of $50 million. I believe this company is undervalued based on its production growth profile for the coming years.
To add further evidence to this premise, we can look at the after-tax NPV of the technical report of the project (Phase 2) which was released in July 2020. The technical report showed an impressive 1,498% IRR and a NPV (5%) of $147 million with a 1-year payback period. When we look at the sensitivity analysis, we can see that this project has a 2 times leverage to the gold price.
Management and insiders own 60% of the company and is a very positive sign. This typically signals confidence in a company's prospects.
Full article: https://seekingalpha.com/article/4397566-galane-gold-production-growth-story
And fairly active comment thread going on there.
This is one of cheapest gold stocks there is. There Galaxy mine production is going to soar. I have bot the drop.
Over 300,000 sold since 1979.Tested&ApprovedUS Navy
Original Manufacturer & always made in the USA
Over 300,000 sold since 1979. Tested & Approved by the US Navy
https://www.spareair.com/info/info-costory.html
COMPANY STORY - FROM AN IDEA TO SAVING LIVES
Larry Williamson was just a scuba diver on his first night dive when tragedy struck. Out of air at 140', with no back-up air system, and his buddy was too far away. He panicked for a moment and began racing to the surface. His last thought was "If I only had one more breath of air". He blacked out near the surface. Luckily the dive boat plucked him out of the water just in time. (Read more about Larry's experience.)
After that experience, he began to think about all the other divers in the world that had the same experience as he did. Without extra air certainly people were dying an un-necessary death, and there was no product available that gave extra air in a small, user-friendly, inexpensive way. Using his background in the aerospace industry he began a quest and long journey to take an idea to the market place to save lives.
Image by Benja IglisisSeveral versions of the idea of a canister that held extra air with no hoses came and went before "Spare Air" was born and with it Larry's commitment to educate the world about preventable drowning and safe diving. Spare Air was patented and was shown at its first trade show in 1979. Since then over 300,000 units have been produced and sold world-wide. The first "testimonial" letter the company received where someone saved their life with the product was February 1983. The testimonial letters poured in over the years, with over 200 letters received so far. Read what people just like you have to say about Spare Air.
Soon after the success in the dive market other industries began to call and ask if they could use Spare Air in their situations as well. It was modified and sold to the military in 1984 under the name Helicopter Emergency Egress Device (HEED) to help helicopter personnel from almost certain death in the event of an water crash. It is now used by most military and government organizations here in the US and in most developed countries around the world. The best part is that several dozen lives have been saved and many more people have reduced injuries due to the use of this product. The Navy has also adopted the product to protect workers from smoke inhalation in the case of an engine room fire. Spare Air has been used in a myriad of movies such as Jaws, Waterworld, Spy Kids 2, Baywatch, The Fugitive 2, Sphere, and Perfect Storm. Spare Air is also used at aquariums around the world and is even used by people who want an extra air source in case of a house or high-rise fire.
So our story ends with the present. The idea of many years ago became reality and with it many lives have been saved. But really, this is still the beginning of what is possible while continuing to provide air to people who need it. Proudly made in the USAAs we celebrate 40 years in business we look forward to the future and continuing to manufacture a product that makes a difference.
Submersible Systems, LLC. has grown to become experts in building emergency breathing devices and small cylinders. We are located in Huntington Beach, California and proud to say our products are made in the USA.
Z, yes the Florida thing threw me off,till figured out it was the CA Submersible company that actually know. 40 years old. SpareAir is well known trademark in industry.
SpareAir well known product is theirs https://www.spareair.com/
Spare Air - The life-saving mini SCUBA tank.
A skydiver wears a reserve parachute, a SCUBA diver should have a reserve breathing system. For 40 years we’ve supplied divers with the smallest, most-compact redundant system available for out-of-air-emergencies.
Acquired company has machineshop is Manufacturer,So that may be another reason for buying them, to speed up Nemo and Nomad manufacturering.
"Introducing Submersible Systems' Manufactured Components Division. Our machine shop specializes in aluminum and plastics and is capable of working with most materials. Utilizing two 4 axis turning centers, our auto bar feeders enable 24/7 production."
One of only a handful of DOT/TC (DOT 3AL) approved manufactures of small aluminum cylinders in the USA, Submersible Systems produces several sizes of small high-pressure aluminum cylinders for many applications.
Whether you have your own design for your machined component or require engineering services, Submersible Systems can help bring your prototype to production to meet your deadlines. Contact us today for a quote.
Z, I corrected the post, FL company is owner of Submersible. It is selling to BWMG. It is the CA company. See my updated post, has website. I have heard of them, would guess in $1 million or bigger size.
Z it is Calif one, it is being bot from company in Tallahasse FL, http://submersiblesystems.com/ is the company.
Guessing that from 8K Submersible has a Nomad named product and that started a conversation. Which led to talking about merging. Nomad being deeper they need backup, which is what Submersible does, baby bottles,
So BWMG would have ended up buying and reselling someone's backup bottles, instead the bot the whole company and cut out the middleman.
For 40 years, Submersible Systems has been manufacturing, assembling, and selling life-saving breathing systems worldwide from our factory in Huntington Beach (Orange County), California. Now, Submersible Systems is making all those years of expertise available to you!
Introducing Submersible Systems' Manufactured Components Division. Our machine shop specializes in aluminum and plastics and is capable of working with most materials. Utilizing two 4 axis turning centers, our auto bar feeders enable 24/7 production.
Item 1.01 Entry into a Material Definitive Agreement.
On July 30, 2021, Brownie’s Marine Group, Inc., a Florida corporation (the “Company”), entered into a binding term sheet (the “Term Sheet”) with Submersible Systems, LLC, a Florida limited liability corporation (“Submersible”), and Tierra Vista Group, LLC and Summit Holdings V, LLC (the “Sellers”), the owners of all of the membership interests of Submersible (the “Membership Interests”). Pursuant to the terms of the Term Sheet, the Company will acquire all of the Membership Interests from the Sellers for an aggregate purchase price of $1,750,000 (the “Purchase Price”), to be paid to the Sellers at closing: (i) by the issuance to the Sellers of three-year convertible promissory notes (each, a “Note”) in the aggregate principal amount of $350,000, at an interest rate of 8% per annum, with each Seller to receive a Note in the principal amount pro rata with the number of Membership Interests such Seller owns of Submersible, and (ii) by the issuance to the Sellers of an aggregate of $1,4
00,000 shares (the “Shares”) of the Company’s common stock
Huge deal. Just found this. Not familiar with company they are buying, will check out.
Agree on your points. Brian has 5.7% or million, a lot.
In 1 month we may have huge news, bucket test with good recovery on say 15 core random sample.
Then by about next summer 5 hole test, if that works it indicates Mine will be profitable and we will be front page news for gold mining industry. I think it 20 bags from .10 bottom.
Cheers
thanks!
Q2 report? Last year 08/26/2020 4:21PM Edgar (US Regulatory) Quarterly Report (10-q)
But think they are more timely now on reports. Anyone have a guess as to when this year? Should be good, Nemo really rocking now.
Correction $12 to S16 million more per year out of new secondary mill, stripping zinc, lead which is now 0% and even getting more gold and silver that main mill does not get all of.
SeekingAlpha article of GFG updated,two new videos.
I have added two videos to the article. One is the 6ix event this week. This has all the key players, the CEOs of GFG, EnviroLeach and Group 11 plus the co-inventor of In-Situ mining Dr. Dennis Stover.
Excellent well worth viewing in entirety. In it EnviroLeach CEO Duane Nelson says at about 34 minutes that just soaking drill cores from another gold mine in a low concentration of the solution (bucket test) and without fracking the cores they got about 50% of the gold out of the core! Believe this was just in hours. To compile the data from those tests on multiple cores took only 3 weeks in that case. So it is possible in about a month we will have simple core soaking results from Rattlesnake. It is clear from the video that Dr. Dennis Stover is deeply involved in this project, not just a prominent name attached to it for show.
And another video of Brian Skanderbeg the CEO of GFG and Bill Sheriff the Co-Founder of Group 11. They are interviewed by Kai Hoffman. This one is about the business side, found it fascinating.
Both at bottom of article https://seekingalpha.com/instablog/535947-darp-research/5611282-gfgs-game-changing-in-situ-gold-mining-deal-tiny-downside-and-huge-upside#comments
thanks on Denarius
$GFG BreahthruTech,GoldMining With no pit,mine,truck,mill or miners
My Analysis of GFG:
GFG today may be the best Risk/Reward have ever seen.
Has anyone here heard of In-Situ gold mining? GFG is going to mine their Rattlesnake Hills mine with 600,000 to 1,000,000 oz of gold In-Situ, pump it out of Earth like oil. Same team as ran Claude Resources which I got a 20 bagger on. Brian Skanderbeg and Marc Lepage. They sold Claude for over $300 million to SSR Mining.
This may be biggest thing in gold mining if works: no pit no mine no trucks no mill no miners. I think ASIC could be $300-$500 an oz. Not proven yet but in 12-16 months they will do first 5 well test there (deadline 18 months). Lab column tests this summer. GFG has over 100,000 meters of cores there at a cost of $40 million to drill it. Group 11 gets that to test on, the 100km of cores immediately, that is part of reason they gave GFG such a great deal. Other reason is Group 11 CEO knows the deposit and thinks perfect place to try In-Situ gold mining because below water table, oxidized in upper levels and Wyoming is best place in world to get In-Situ permits, In-Situ U mines common in WY. It works in lab on mine concentrates better and faster than cyanide to remove gold.
Been buying it.
Here is video with bunch of experts on the deal. 30% carried interest, so GFGSF or GFG.v TSX, has no costs, no risk, and gets big hunk of the ISR mining company Group 11 that will run it. And cash. Here is excellent 1 hour video with key players. This has been out for weeks, the market has not noticed because GFG is way below the radar.
$GFG BreahthruTech,GoldMining With no pit,mine,truck,mill or miners
My Analysis of GFG:
GFG today may be the best Risk/Reward have ever seen.
Has anyone here heard of In-Situ gold mining? GFG is going to mine their Rattlesnake Hills mine with 600,000 to 1,000,000 oz of gold In-Situ, pump it out of Earth like oil. Same team as ran Claude Resources which I got a 20 bagger on. Brian Skanderbeg and Marc Lepage. They sold Claude for over $300 million to SSR Mining.
This may be biggest thing in gold mining if works: no pit no mine no trucks no mill no miners. I think ASIC could be $300-$500 an oz. Not proven yet but in 12-16 months they will do first 5 well test there (deadline 18 months). Lab column tests this summer. GFG has over 100,000 meters of cores there at a cost of $40 million to drill it. Group 11 gets that to test on, the 100km of cores immediately, that is part of reason they gave GFG such a great deal. Other reason is Group 11 CEO knows the deposit and thinks perfect place to try In-Situ gold mining because below water table, oxidized in upper levels and Wyoming is best place in world to get In-Situ permits, In-Situ U mines common in WY. It works in lab on mine concentrates better and faster than cyanide to remove gold.
Been buying it.
Here is video with bunch of experts on the deal. 30% carried interest, so GFGSF or GFG.v TSX, has no costs, no risk, and gets big hunk of the ISR mining company Group 11 that will run it. And cash. Here is excellent 1 hour video with key players. This has been out for weeks, the market has not noticed because GFG is way below the radar.