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LOL @Ivans I never said I was an Alba investor and I put £??? for cash, but thanks for the Alba update on all the other info. Not sure how that makes me biased ... under researched on Alba probably but then I'm not invested there.
Alba MCap = £11m & GROC MCap = £7m @27-Jan-22
Alba 'cash' position = £6m cash + £3.5m Groc = £9.5m cash equivalents
Alba Enterprise Value = £2.5m
Plant = existing gravity separation
Revenue = N/A, but possible via tailings as approx. 655oz contained Gold using 5kt ore and average 4.1g/t gold (RNS Jan-22 =Average grades returned were up to 4.37 g/t for the fine fractions and 3.80 g/t for the medium fractions.)
GWMO MCap = £5m @27-Jan-22
GWMO 'cash' position = £2m cash
GWMO Enterprise Value = £3m
Plant = None. Study underway to extend gravity separation design to include heap leach
Revenue = N/A, but possible via tailings as approx. 4koz contained Gold
If you look at what the GWMO BoD is doing with the Tailings processing that will be to generate a £revenue stream to reduce reliance on future placings and looking to bring in a partner on Copper JORC & licences for the same reason.
IMHO I'm not sure there is a great deal of difference between Alba and GWMO so not sure why you guys are getting so bent out of shape this? ... looks like swings and roundabouts to me !
ATB APR
how bias!
you should have also said that Alba has 6m cash (or more) which they received when they IPO'ed GROC.
so, ALBA basically has plenty of cash which put to bed any placing rumours.
also ALBA still own more than 50% of Groc which itself valued at 7m. so if Alba wants to sell that stake, it will generate 3.5m cash.
all in all, Alba has near 10m cash and liquid asset. so with mcap only 10m now, all his gold assets is valued at almost nil.
also has residual oil assets as well.
so, by comparison Alba is cheaper and more bargain than GWMO!
thanks for this comparison.
the problem with GWMO, is that the constant placing which scare investors away!
Okay I'll bite ...
Alba MCap = £12m & Cash = £ ???
> based around applying new technology to a historic gold mine/s in Wales. UK
> looking to dewater existing mine shaft to 'open up' historic mine
> Spoil heaps = 5,000m^3 spoil heaps grading 5g/t up to 9g/t dependent on coarseness
GWMO MCap = £4m & Cash £1.7m @12-Jan-2022 (unaudited)
> based around applying new technology to 60km^2 licences containing historic gold & Silver mines plus considerable tailings deposits in Nevada, USA
> Exploration Programme 2022 - confirmed across all licences funded from current cash
> Copper = Existing JORC compliant Copper resource of 4.3 million tonnes at 0.45% copper based on circa 5km drilling & Target deposit in the range of 15Mt to 200Mt across Black Mountain licence area
*
Gold & Silver Reprocessing & Production ref: RNS Jan-22
(1) commission further process design to include a leach pad to improve on the prior 50% gold recovery via gravity separation alone (also RNS Apr-2021)
(2) proceed to the Business Case stage and raise debt to fund the tailings processing facility CAPEX/OPEX
(3) commit to building a 14km access road to facilitate tailing ore extraction and further drilling
*
Gold & Silver via Tailings reprocessing
> OMCO Tailing Statistics: @RNS 12-Jan-2022
>> OMCO Tailing volume = 25,000 m^3 to 31,000 m^3
>> OMCO tailings grade = 1.25g/t
>> Weigh crushed rock/m^3 = 1.6t/m^3 up to 1.8t/m^3
>> g/t gold to Ounces = 31.1g/ounce
>> OMCO implied max available gold = 1,600 to 1,994 ounces @1.6t/m^3
*
> MJ Tailing Statistics: @GWMO presentation Sept-2021
>> Estimated Tailings = 12kt (RNS 15-Oct-20) for 5,000m^2 now 14,000m^2 implies 33.6kt ore
>> Estimated grade = 2.28g/t gold (RNS 15-Oct-20)
>> MJ implied max available gold = 2,460 ounces
Commentary: Whilst Alba and GWMO seem to be doing similar stuff GWMO seems more advanced than Alba and has a JORC compliant Copper resource whereas Alba has a historic mine albeit underwater. Also GWMO is a third of Alba's MCap ! Go figure !
ATB APR
This is looking dire guys !!
not sure, but todays near 13% drop was depressing and pushed me into the red :(
Always a placing imminent
Is there a placing imminent ?
I don't know what grades GWMO are expecting if and when they find the continuation of the gold bearing quartz vein but Alba's historical grades were around 17gms/tonne average, and they have found evidence of a widespread quartz vein system in the area. The jury is also out on whether GWMO will find commercially viable gold elsewhere on their licenses. So, gold wise I prefer Alba but should the copper quantities that were once hinted at existing under Sharktooth ever materialise, then GWMO will go to da moon. IMO...
Hi , does anyone know how we compare to Alba as their market cap is around 15m at the moment.
Do we have more resources & better grades