Replies to post #33623 on Value Microcaps Junior Miners

[checkmate28]

MND.to JAG.v Thanks for the update. MND Its the story I like to buy, but dont have the spare chips right now otherwise I would have bought this after your 1st post. Heavy in other investments that are near the money I THINK!

https://www.canadianinsider.com/company?menu_tickersearch=mnd

Since Im not buying I didn't dig to far. Why is GMT capital shoveling in so many shares?

Another couple I might have bought for at least a trade.

Jag.v Jaguar Mining almost cut in half the last week. You have the Jag turnaround threatened by the increased Brazilian royalty's and a fund dumping. For a gambling man, I think the odds look pretty good for a bounce from .25 Plus huge optionality plus leverage on the price of gold.

https://www.canadianinsider.com/company?menu_tickersearch=JAG%20%7C%20Jaguar%20Mining

NXS Nexus Gold in Burkina Faso. Delayed drilling providing what might be a good entry at .15 ... I run it up near 100% to start the last pic 3.

As to the ore sorting, GWA is using the xray sorting. Its cheap for GWA relative to the saving, but that depends on how much is lost when they reject the bad ore. For GWA, its like 100%+ gain in head grade and 2% loss of gold from the rejected ore.

[dr_airtime]

MND.TO - $CAD 150 MC here is Denver Summary:

From Denver Gold Show webcast. Mandalay now one of cheapest +100k/year Au-equivalent producers based on producing Bjorkdal and Costerfield mines.

I think Mandalay will stay down here in low-30's until it is announced that Cerro Bayo is reopened and then it will jump 20% higher in a day IMO when mine opening announced. Per the CEO's comments though we have throug October and a lot of November until we hear about mine reopening. It was not a mine collapse but a "lake inundation". Mining definitely would have contributed but it was not the portal that collapsed.

Cerro Bayo Lake Shore Collapse

- did not lose any reserves from lake edge collapse. Vein that collapsed within weeks of being mined out.

- 3rd party engineering company conducing root case assessment

- on track to complete risk assessment for mine restart by end of October

- Need to show risk assessed plan to regulator to reopen. this will be submitted in early November.

- 8 permits between 4 veins for LOM plan. Permits for mining and waste dumps.

- Drilled 25 geotech holes around existing mines

- announcement for reopening likely to be guided in November. Sounds like December at the earliest.

Bjorkdal

- Bjorkdal turn around complete, but they have not even initiated the optical sorting yet, so there is more processing upside.

- Expect to announce +150k oz of P&P reserve increase, net of depletion later this year. 3+ year mine life extension.

- Bjorkdal will produce 55-60k Au-ounces per year at $700 cash costs (not AISC) going forward