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Hello everyone, especially all LTH.
The sorry state of our world in general and the dire and depressing and state of the UK which has in the main been brought about by several decades or more of policies of greed and lies by previous, and especially our present unfit for purpose UK government is very depressing to say the least, and sadly with little hope of improving any time soon, indeed I can only see things getting much worse or at least for the foreseeable future!
So I have taken to diverting my attention to my personal life and other good causes to which I can hopefully help in some way to achieve their aims for the better!
This doesn't mean that I have forgotten my investment in Centamin, but despite the understandable frustration and impatience of some I have to agree with Dasut, we are where we in the main because of the cost of clearing up the waste left over from the Pardey & Co years of high grading for short term gain, which admittedly had a more than a good run, that is until the crack in the marketing gloss became all too apparent, just as was predicted was inviable in articles of 2015 & 2018, although this was denied by the company at the time!
As a result of the years of deception and lies we are now paying a heavy price and the reality of the situation has meant the only way forward its to clear up the mess in order to be able run the run the Sukari operation properly which should have been done from the start!
So in view of the past misinformation and deceit I sought the opinion of a well respected and indeed the only mining analyst who has ever been consistently right on their evaluation of the Sukari operation on the last Doropo update, which on first impressions seemed upbeat, although it seems that it lacks any real substance.
Over past months I have written to Centamin and Buchanan via the official channels on this and many other issues with all my contact details, but to no avail my communications have been stone walled!
So my compliments and thanks to Cowichan for all his efforts to get answers, it seems a great pity that this is the only way to get any response, that said Centamin IR has now resorted to blocking his Likedin feed which in my view is suspicious and will be counter productive,it most certainly wont do anything to promote trust in the company!
Re Doropo pre-feasibility study update
Without having access to a full explanation in a technical report it is impossible to comment from a position of knowledge.
A resource grade of 1.5 g/t Au using conceptual pit on the basis of a gold price is very attractive, but I do not know how the gold occurs. Is it in narrow, high grade lenses. or in a stockwork? What is the prospective strip ratio? Did they cut high grade outliers? Etc., etc.
What strikes me as very odd is the large difference in grade between Indicated and Inferred. What has confidence (i.e. the density of drilling) got to do with grade?
Regards,
Kees Dekker
Best Wishes
Tibbs
Hi Mr Tibbs
Glad you are back as well and hopefully in good health. My recent concern on Centamin was having reserves and resources at $2,000 an ounce which adds to Dekker concerns. I have managed to de-risk on Centamin to a light weight holding. I am not that impressed with the quality of information flow from the company which is often late and sometimes vague. What is good is having a solar farm and hopefully to get energy from the grid. All the best for 2023 and a Merry Christmas to all our readers. Tony
Welcome back Mr Tibbs, I missed your posts, best wishes and happy New Year when we get there
Tibbs welcome back I am not surprised that KD is somewhat vague and guarded with his views on Doropo as the update in November did sort of let us know that things are sort of looking good because the process is less sort of complicated. Guess we will all need to wait until the vague report becomes a real PFS/bankable document.
What I do however find interesting is that progress seems to be advanced in evaluating the contractors bids. So there must be more detail on the initial phases to give the contractors a mine plan to work with.
Sorry forgot to mention that I feel sure that Doropo will have featured in the business plan to the syndicate of banks for the $150 million.
I am hopeful of a good year end report.