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Sick squid would of been better lawrence
Aimtitan said 3 quid not 3 squid
Damp Squid? My favourite firework was the Roman Octopus. Squib
oops, sorry, Freddie2 was rushing out, should really have waited and checked my post before going out, or waited till I was back before posting. Never mind, not the biggest mistake of my life, thanks for correcting. lol.
Rusty dont like to correct you but its a damp squib not squid ha ha
Hi PVX233,
Agree with you as we ran the processing numbers relating to POX potential ability to churn out gold. Both Molimer and Pioneer when it comes on stream will be at the low end as highlighted by PVX233 1kt for 1.1 Oz approx on worst estimate. Even on this worst estimate, pioneer will contribute greatly to the bottom line figures. Of all the non- refractory mines identified in Russia by POGs own presentation , POG has the lowest grade non- refractory ore reserves. The upside potential on POX is hugh if they can merge,buy, develop a high grade non refractory mine. Because of Pioneer and this hugh POX potential , and also underutilised POX capacity this must be one of the few companies that can grow their gold production quickly quarter to quarter in the short term.
If this, if that, if this,
If my uncle had a ..... he would have been my auntie.
Bloody hell this is POG, we had all the euphoria, then we had results and it was like a damp squid, people waiting at the bus stop to get off at the next stop, providing of course, they got on initially.
Lets get a few things straight, We didn't have enough money to buy TEMI outright with cash, we have the guarantee associated with IRC , The 2 bonds issues, the largest one due in a couple of years, I have said before I will say again, I don't forsee any issues with that as I can not see any reason why they would not convert. I strongly believe this share price will rise strongly, just not to the extremes some think. As always my opinion. I hope I am wrong.
Always need to remember what a beast POX is. With high grade refractory ore POX can produce kt to Koz x 2.5. At that ratio POX can produce 1.25 million koz per year. Of course POG's refractory isn't that rich in ore. So although high margin it only equates to kt to koz X1 so a maximum of 500 koz a year from POX.
POG are having difficulties securing enough 3rd party ore. Two contracts are in question, which is why there is such a wide range of production forecast.
If UGC has ample supplies of high grade refractory ore it would be game changing for both companies. 1.2 million oz from POX plus the non-refractory ore of another 1 million oz. So a 2 million oz combined concern.
Then build another 2 autoclaves for low more complex refractory ores...
aimtitan is on the wind up.
''I've just checked a few other boards, consensus is £5 per share now ''
What other boards?