George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
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Yes it will have a cost and a cost exceeding the Current funds.
Your forgetting
• the majority of the mine is built so lower costs than a normal mine they will need to extend existing shafts and drive a few adits. Where at level 4 and the gold on previous sampling is about level 5/6
• premium on gold price
•this is not supposed to be a big operation small and steady production carefully controlling the market to keep the premium intact so will be more slow rather than some big mines certainly not 800mil a year which I would put in the medium sized mine.
I suggest you do some research else you maybe disappointed if you think this will be moving at the same speed and size of other gold companies in the sector.
Ask yourself how much will it cost to mine 1oz of gold then work out how much gold they need to break even.
Idiot.
Get your facts right before posting, the mine is already there, it won’t cost 800 million, your bloody dreaming
Total idiot
New man in charge of the Welsh Government now, give him a chance.
This will never be an 800 million pound mine. The locals won’t allow it. The Welsh government won’t allow it, the environmental weirdos won’t allow it. It will only ever be a small hole in the ground.
Don't waste your time or money on Alba, find something else. You might get some good tips from Baron Investments on Twitter. This has nearly 8bn shares in issue so a consolidation is coming. How much money do you think they need to build a working mine? £100m £200m probably more like £800m.
PLEASE PLEASE take with a pinch of salt( a giant pinch!) anything DL says. See what he said about the `Gatwick gusher`! I am not saying there is no potential at Clogau,I have
visited the site on 2 occasions over the years and have high hopes of a 10 bagger here.
ATB ff
PLEASE PLEASE take with a pinch of salt( a giant pinch!) anything DL says. See what he said about the `Gatwick gusher`! I am not saying there is no potential at Clogau,I have
visited the site on 2 occasions over the years and have high hopes of a 10 bagger here.
ATB ff
Simon Dominy was working at Clogau during the Stellar short stay at Dolgellau. Renowned authority of Clogau Gold Mine.
David Lenigas couldn't cope with the Red tape with Natural Resources Wales.
Alba have had 3 years of Red tape but have developed a Good relationship with NRW and the Local Councillors and MP Liz Saville-Roberts.
There's Gold in those Hills :)
David Lenigas just Spiked Stellar sp. Like with all he's Company's.. Regrettably Horse Hill
April 2013
"To call the gold grades reported by Stellar Resources (LON:STG) this morning bonanza might be under-egging the latest assay results from Gold Mines of Wales, in which Stellar has a 49.9% stake.
The most eye-catching sample from the re-opened Clogau mine in the Principality was 749 grams per tonne of the precious metal, which equates to 24 ounces per tonne.
A total of 16 of the 31 samples assayed better than 31 grams per tonne of gold, while 15 were above 62 grams and 10 above 93 grams.
Stellar chairman David Lenigas said: "The team in Wales continue to gradually re-open the underground workings at the old Clogau Gold Mine.
“These high grade gold samples from Clogau provide encouragement that the potential still exists to define new high grade gold mineralisation.
"In the current environment of declining gold prices, grades of this magnitude make Stellar Resources' Welsh gold project something the board feels committed to progressing."
Wow you weren't joking: Ivornomoney
"Feb 2013
Stellar Resources advanced on news it discovered high grade gold samples at the Clogau Gold Mine in Wales.
the company said it received promising first assay results from the venture though its 49.9% interest in Gold Mines of Wales. Assay results from underground grab samples ranged from 263 grams/tonne of gold to 11.65 grams/tonne.
The mine has the potential to contain other high grade pockets of gold in areas that have yet to be tested. Further samples will be taken from the surrounding area and a planned drill programme is very much the focus for 2013."
10 years later the same playbook being run
Of course it's not to say Alba wont actually find something economical and deliver but it certainly makes you think.
Oh dear !
What's Stellar got to do with Alba. 2 different Company's. Stellar had no interest to Mine at Clogau They're an investment company now called Primorus Investments.
After Covid, now with a Great working relationship with NRW, 2024 will be an interesting year.
I have met Mark Austin in Dolgellau, a Top Geologist who believes in Clogau Gold mine.
Now with GreenRoc Mining having the Greenlandic Projects.. Alba can truly focus on the Gold.
This will never come good. This will only ever make money for the employees. Google stellar resources to find out how long this has been going on.
The placing shares don’t come to market until the 5th so that is incorrect.. if you wish to buy at a similar price to them thinking GF will raise the price for his mates soon after the SP is at a level where you pretty much can!
Been like this for 10 years. Also, when they have had bad news, they have brought out numerous rnss to boost the sp beforehand to bail out before the bad one. A good example was an rns every day for 4 days before the first dewatering refusal. I do think that things will start going our way soon but will the sp rise enough so that everyone who has bought shares here over the years see some profit?
CJEN this is AIM. In reality what probably happened is that GF did a fund raise with his mates at .065. He let them know the good news RNSs were coming and would raise the price circa 30% and they sold their placing shares into the price rise making a handsome profit and leaving us PIs holding the baby as they pocketed our hard earned.
Given that, for all the right reasons, GF chooses to raise on the back of all good news, it is proving impossible for a small Pi like myself to realise a ROI from Alba
I am sure this will come good eventually, but I am not convinced that the small PI will make money.