Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Or cheques!
Nice one for the BoD!
When will we see the 500m £ or $ cap!
It would be nice to see 50m.
☹️
@Strangerstill......if you're right, that means about £10m profit each year for the next 10 years before any benefit from silver credits or any other of the projects coming on stream. In turn that ought to mean a regular dividend policy could be introduced, say 0.1p (costing about £1m which doesn't seem unreasonable/unfeasible and wouldn't/shouldn't hurt ongoing investment in the business).
Maybe I'm reading things wrong....wouldn't be a first.....but like you, this does seem a very positive message, today (and a bit more than the usual 'Ariana is pleased....blah, blah, blah')
The latest RNS states that there is a Global JORC Resource of 10.9Mt @ 1.37g/t Au + 12.65g/t Ag for 483koz Au + 4.45Moz Ag, with opportunities identified for further resource growth. So, at a profit of at least $1000 per oz that would mean a profit for Kiziltepe and Tavsan of $483 million or £382 million. Ariana is entitled to 23.5% of this or about £89 million.
If I read the RNS correctly, which is difficult, then it looks like Kiziltepe is expected to produce 25,000 oz gold per year for the next ten years using ore from the local and satellite pits as well as high grade ore from Tavsan. There is about 90,000 oz Au in the high grade ore at Tavsan. Tavsan will go into production using heap leach and the lower grade ore to produce 30,000 oz of gold per annum as planned.
It also appears that Ariana is confident of significant increases to the resources following further exploration work.
If I am right then the JV will be producing over 50,000 oz of gold each year for the next ten years.
This looks like game changing news.
Does seem that when it does bounce upwards it does so quite positively now. Then you get this selling into any rise. When the selling stops there should be consolidation at a higher level, Whether that will be 3p is to be seen
AT least they're out of the way unless Starvest are sat on more, John.
I've just tried to find out if Starvest hold much more stock here but I can't see that they do. All I can say is they must be holding less than 3% of the issued share capital.
Anyhow we pretty much seem to have weathered the 'Starvest Divest'..............for now, at least
Just when things were going so well, 2 x 580k sales. Has to been the Starvest administrators/liquidators.
'The words pipe and dream come to mind !'
I can think of no better gold junior to be invested in, so many irons in the fire waiting for the right market conditions to prevail.
Happy to hold until 2027-2030 and consider my next moves.
Don't worry, John - I've plenty of things filling my days other than this (AAU) and that (BFC)
Think you need to take up a couple of enjoyable new hobbies, Burnley FC and AAU aren't cutting it!
I've been doing so much headshaking and sighing at what's going on here as well as with the Clarets it's nice to get a bit of time off from at least one of them, this weekend :)
Well at least you can relax over the weekend LoB, no Premier League!
Hi Morserouter
I agree, any reasonable rise in PoG will be good for AAU, I personally don't expect anything too dramatic then I wont get disappointed. AAU manages that all by itself!
Looking at PoG price over 10 years we mustn't grumble, especially as that is $ denominated and over the same time $/£ has gone from about 1.7 to 1.25 so that in sterling tern the PoG price rise is even more dramatic (think I've got that the right way round).
(shakes head, again)
Seems not LoB!
The words pipe and dream come to mind !
$4000 gold would be phenomenal due to the gearing effect, though obviously that would effect high cost producers even more.
Well, seems like something (good?) might be brewing just now.
RNS tomorrow?
David Hunter is arguing $20,000 gold 😳
https://www.youtube.com/watch?v=2YuQGB6cXik
We didn't get any news John, but it looks like a bit of buying now. They are obviously working towards the revised resource at Tavsan. Maybe its going to be good news, especially with P of G as it is currently.
Maybe tomorrow Claret, maybe tomorrow!
And another day of selling. Something tells me nobody seems very interested here.
Not for long I don't think. Some chunky sells coming through now.
I noticed, and with Forest deducted 4 points it can only help but still going to be difficult.
Agree about you 3p bet because any rally will be sold into, but you are being pessimistic about todays price, its 2.07/2.145 at the moment!
Well done Van with your 2p guess. Back to under 2p now I see. I'm quietly confident of winning the 3p bet on the other site. There's not a chance of 3p for a while yet. The CEO at Panther thinks price of gold is going to go up, well he would wouldn't he, as he's the CEO, he's not going to say its going to go down. Jeez, you couldn't make it up, the stuff people want to believe.
3 points for the Clarets this weekend, as well so not too shabby at all.