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Forgot to mention the wee note in the exploration report that while the soil sampling is being done for 3 prospects in just two option areas, drainage surveys have been started on no less than 10 of SG's 13 option areas..................that is long-term expansive!
ATB, R.
Morning CP52.
Good to see the long-standing views of your two Drs. being supported by latest exploration report and more so that much more data is in the pipe-line to be reported on shortly, plus the extensions to be done beyond that. It will really give LTHs confidence for the future beyond Cononish and show that the other gold players in Scotland and Ireland are miles behind.
Regards, R.
Just tried a buy. HL want £1.60. Only one way to get your shares now.....give you heaps for them.
Yeehaa,£1.50 ya beauty.Only another £3 00 and Baz will break even.Keep up the good work, you all deserve it.
Hi All,
Price of gold showing a healthy increase today. Currently at $1,885. 00 an oz.
https://www.bullionvault.com/gold-price/gold-price-uk
Carliol
In case anyone is new here.
At today's gold price the Au resource is valued at c. £389m. All-in production costs are £544/oz, so c.£145m. Knock off c. £8m to deal with the debt financing, and that's £236m to play with (at today's costs and price).
That doesn't include the 1m oz of Ag; 'Scottish Gold' premium of >30% on approx 25% of what is produced; or any extension to the Cononish resource (which it's now clear will be significant).
Cononish will be hugely cash generative, supporting the development of what look to be much larger projects at Inverchorachan and Beinn Udlaidh (*much* larger!). This is what our Chairman meant when spoke of investing in the start of a 'significant Scottish gold mining industry'. What value would you then ascribe to the rest of Scotgold's extensive licence area, with Cononish spewing cash and the other two resources proved up?
Welcome!