Prospech Limited
(Vorab, nur in Australien an der ASX zu kaufen, Symbol PRS)
(Hinweis: Ich musste eine Minengesellschaft zum anlegen des Threads auswählen, der Thread/Wert hat nix mit 37 Capital zu tun.)
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Mein erster Wert, den ich hier vorstelle. Bei Wallstreet-Online hatte ich Ihn 31.5.2021 schon mal vorgestellt)
Erst seit ca. 6 Monaten an der ASX notiert und aktuell mit 16,5 audcent unter Ausgabepreis von 20 audcent.
Drei Dinge gefallen mir besonders.
a) sehr günstig bewertet 15 Mio AUD
b) Slovakai deutlich stabiler und rechtssicherer als viele andere Länder, siehe gerade Süd Amerika mit Peru
c) sehr hohes Exploration Potential: 48 - 206 million ounces silver plus 1.4 – 4.1 million ounces gold bei hohen Graden @ 3.0 - 8.0 g/t gold and 100 - 400 g/t silver.
Erstmal genug Cash für dieses Jahr und Chart sieht wieder gut aus.
Prospech ist so ein Wert, den kauft man jetzt und lässt ihn 2 bis 3 Jahren liegen. Und mit guter Chance ist der Kurs dann später 5 bis 10 mal höher als jetzt, wenn die Silber und Goldhausse die nächsten Quartale startet, wovon ich ausgehe.
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"Based on an existing extensive geologic database which, where able, has been correlated within reasonable variability by the Company’s exploration results, the Company’s exploration target ranges of tonnages and grades have been estimated as:· 15 - 16 million tonnes @ 3.0 - 8.0 g/t gold and 100 - 400 g/t silver.· 1.4 – 4.1 million ounces gold and 48 - 206 million ounces silver."
Historisch wurde in dem Gebiet schon viel gerfördert.
Multi-million ounce potential – historic production 2.4 Moz Au and 120 Moz Ag[Blockierte Grafik: https://img.wallstreet-online.de/smilies/eek.gif]
Key Summary Investment Highlights
• Current Enterprise Value only $8.6M [Blockierte Grafik: https://img.wallstreet-online.de/smilies/eek.gif]
• Company providing excellent leverage investment opportunity in sought
after commodities upon exploration success
• Multiple gold & silver targets ready to drill in a proven multi million ounce
geological belt
• Large scale & high grade targets
• Projects held 100% by Prospech
• Slovakia – Pro-mining, politically stable, Euro economy
• Experienced & successful technical & management team with an
outstanding track record of recognising, discovering, developing & mining
international epithermal vein style deposits
Hompage:
Präsi :
https://prospech.com.au/s/20210525-ASX-Prospech-Presentation…
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Von Hot Copper 28/05/21:
Some companies which list on the ASX do so with great fanfare. Some areso eager to update the market of their ‘progress’ that they announce theirintention to attend the opening of an envelope… any envelope...
Then there are otherswhich fly under the radar, quietly going about their business with the market largely unaware of the up-side which is contained therein.
With so much potential and the share price trading at a 25% discount tothe $0.20 IPO price in December 2020, a synopsis of the opportunity that is ProspechLimited (PRS) is well beyond due.
The Company
Prospech is a gold-silver explorer in Slovakia and owns six prospective,under explored brownfield and greenfield gold and silver exploration licences totalling204km² as shown in figure one below.
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Figure One: Preciousmetal targets - Tethyan Mineral Belt, Slovakia
Source: Annual General Meeting Presentation – 25 May 2021
PreciousMetals
Low real interest rates are often noted as one of the primary drivers ofthe price of gold. With inflation rising (off low levels) and global central banks locked into near-zero interest rates (either out of fear of derailing post pandemic economicrecoveries or fear of increasing debt repayment burdens), low real interest ratesare likely to persist.
In addition, upcoming physical gold demand may increasedue to the Basel III changes which require investment banks to increase theirphysical holding of gold.
As a precious metal, silver will likely benefit from the rise of theprice of gold, but in addition, physical silver demand will also increase from it’s use inrenewable energy generation.
A normalisation in the gold to silver ratio islikely to result and the reported collision which has suppressed the silverprice may finally fail.
The above dynamics are not intended to be an exhaustive list but dodemonstrate the huge tailwinds for precious metals. There is no better placed explorerthan Prospech to potentially reap those benefits via exposure to it's highly prospective preciousmetal assets.
Slovakian Drillingprograms
The current Prospech 2021 drill program has only just commenced withdrill testing of multiple gold and silver targets and a minimum 10,000 metresplanned. The program is fully funded.
The initial tenement drilled has been the greenfield Zemplintarget.
Zemplin was discovered by Rio Tinto in the 1990s. The historicalintercepts made by Rio included 2.5m at 514 g/t Ag, 8.3% Zn and 13.3% Pb from95.0m. These results however were never followed-up and it is only now that Prospechis investigating the potential of the area further.
Mineralisation veining (Agdominant, Pb, Zn, Au) is known to exist over 600m but is believed to extendwell beyond that under thin cover.
Earlier this month, two drill holes from the initial program of fourdrill holes at Zemplin returned very high silver grades:
CZDD001: 4.5m @ 163.6 g/t Ag and 0.2% Pb from 85.3m including 3.6m @ 238.3 g/t Ag from 87.5m including 0.8m @ 342.0 g/t Ag from 89.0m
CZDD003: 6.0m @ 128.3 g/t Ag 0.2% Pb from 94.0m including 1.9m @ 305.5 g/t Ag from 97.1m including 0.9m @ 488.0 g/t Ag from 98.1m and 0.5m @ 202.0 g/t Ag, 0.6% Pb and 1.3% Zn from 113.7m
Two further drill results from CZDD002 and CZD004 are due imminently.
These are fantastic initial results from a greenfield target andindicate that management know what they are doing.
These results follow the initial February gold and silver intersections atthe Bauch drill target at Hodrusa-Hamre. Whilst the results were short,they were also high grade and included:
- BADD001: 12.8 g/t Au and 380 g/t Ag (2.3% Pb, 1.4% Zn) from 89.1m to90.1m.
Hodrusa-Hamre has historicproduction 2.4 Moz Au and 120 Moz Ag.
Drilling has also commenced at the Krakauer gold-silver projectwith previous rock samples returning Up to 283.0 g/t Au and 1,700 g/t Ag.
Drilling at the Anton gold-silver project will commence in June.
Conclusion
With huge exploration upside, significant expected news-flow through to 2022 and material exposure to both the pricesof gold and silver, at the current enterprise value of $9.2m ($0.15/share), PRSrepresents a compelling opportunity.
Prospech has cash in the bank and only88.3m shares on issue. From these levels, only one of their targets needs to hitcontinued significant grades for the share price to multi-bag.
If more than oneof the targets returns significant grades, who knows where the share price willland?
What is certain is that the potential upside definitely outweighs any risk of downside by avery large margin.
Furthermore, whilst Prospech is currently under the radar, should the positive drillresults continue, Prospech will not remain so concealed for much longer.
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Thanks for great summary and analysis, can't agree more, the results to date are very encouraging.
I'm hoping they have similar success to Adriatic Metals who are exploring/developing in Bosnia/Seriba in the Tethyan Belt. As per Adriatic's latest presentation (https://hotcopper.com.au/threads/ann-agm-2021-investor-prese… the Belt hosts a number of Tier One deposits with majors including Rio Tinto, Dundee and Zijin all active.
Legendary resource investor Rick Rule often mentions his interest in potential for discoveries: "The big tier 1 discoveries that have yet to be made are going to be made in places where there have been problems with access or problems with cost of capital. Places like the Tethyan metalagentic belt", and in a recent interview highly-respected economic geologist Brent Cook (http://www.explorationinsights.com) also said it's one of his favourite regions.
As you say this is very much a sleeper at the moment, very little promotion or mentions on social media etc. Here's the most recent interview that I could find, it's short but well worth a watch for another overview/insight. Look forward to some more drill results!