Having read your list of positive news we can expect the answers to some of these questions were answered in the directortalk interview , 18:3:21025 . In which Mr.Jan Nelson states :
! ; we're are break even now . 2 : significant profit within 2 months . 3 : may have to return to investors for funding in the interim time but after that confident the income from Chepica will fund future projects . 4: discovery of major gold bearing reef on surface at the Salvadori prospect has a true width of 4m and to date 200m of strike-length which goes down 2 to 3 levels . Hence depth is known and the reason why it's classified as a major gold bearing reef .
P.S .... I did post the link a while back but if anyone has problems accessing it I'll re-post .
There are many other items that you could have added hence bravo for doing as much as you did . I'll add a few
!: GOS listing on a stock exchange 2: Final payment of £150,000 from Mines Global ('MG') to complete the Mejillones Phosphate Deposit sale . 3: more reefs identified at the Chepica copper / gold project with known large copper reefs on site as well as gold mentioned in directortalk interview 4: the capacity of our new ball mill and whether the purchase of a second ball mill is planned to allow for both copper and gold processing to take place simultaneously . 5: etc , etc , etc ....... lots more possibilities for good news hence I'll leave it there ..... :-)
A list of the positive news we are/can expect: Confirmation of production for March: 6500 tonnes and break even. Confirmation of production for April: 8500 tonnes and profit. News of the sale of surplus mine equipment valued at $300k - although don't actually expect it to be newsworthy. Confirmation of YA Global out - in the unlikely event they advise the company. Confirmation of TIR being out - more likely to advise the company considering CB has interests in both companies. Confirmation of reduced operating costs. More news on the major gold bearing vein with sampling results returning values between 2.5g/t and 8g/t. Confirmation of development of the 350m reef horizon at level 7. Confirmation of directing development to level 8. Confirmation of the sale of the Mejillones Phosphate for £400k. Phew, busy few months.
Finally made the call to buy here today after watching the trading for the last few days £4k at 0.19 and very happy with that No idea what the future looks like for the gold price as it has been up and down like crazy the last few months but with a discovery of this size and production already in place even with a low cash balance in the bank I like the look of this stock. Personally i think many and myself included could be very shocked at just how big this gold find could be i hear traders and investors saying 1p/2p some ven think 4p again sounds mouthwatering but right now i think on further good news a gap up to 0.40p is more likely in the next few weeks and months.
I'm sure Mr.Jan Nelson will inform the market as soon as is possible . Nice to reflect on what we already know about the new major gold bearing reef on surface at the Salvadori prospect though . Following sentence taken from 18 March 2015 , RNS Number : 7614H .
At the new Salvadori prospect, management is assessing how to mine the newly exposed gold bearing reef. It is envisaged that a large portion of the reef horizon will be mined as a stripping programme from surface, which would be a low cost operation and would complement the underground operations at the Chepica Mine.
Now that type of news should excited everyone not just you and I and on that note ........ time I left the building
One of my other stocks finally moving today - MNC. I'm very excited all of a sudden to have a couple of real undervalued companies in the portfolio which are starting to move. It would be great if Nelson can give us more information on the reef discovery, eg how deep it goes etc
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