Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Alwaysone, but all gold stocks are not down all up between 3 & 12% respectfully. Most metal CO that i am following are also all up. Seems odd but not complaining, been here before & no doubt will be again until that Fat lady sings.
Seems a little strange to have such a small rise on the news today but I guess most other gold stocks are down currently.
I think Marks recent comment was that the 2.1 Million ounces of gold is currently contained within just 5% of the overall land package that Condor has concessions for. So a target of 5 Million ounces is probably conservative. But as you say, thats for the longer term of the project and perhaps for a Rio Tinto or similar - the near term aim for CNR has to be to actually start selling some of it and raising some cashflow.. perhaps selling some non core concessions (as they did with potrerillos) might be a start?
And in answer to the other point about Calibre - Yes the Condor high grade ore is ready to go/permitted. For Calibre exploiting the Pavon and the Borosi concessions are still a couple of years away.. with the spare capacity at La Libertad, wouldnt it be better to be making some money from toll milling while you wait? Hmm?
regards,
T123
When you look at it that way this 479 hectares is 4.70 square kilometres. That is massive. Twice as big as the financial square mile in London. There is one thing having a "concession" to explore the land but quite another actually owning the freehold title to the land. From the images we have of La India we probably only needed a small number of hectares to cover the first 8 year plan. I guess the benefit of this strategy will be in the medium and long-term as getting to 5m ounces district should be easy and when Rio Tinto move in for the kill they will probably see a 100 year mine life given the freehold land we have acquired with no issues of landowners ever again. The mind boggles just how many ounzes we probably have in reality as MC always stated we are drowning in targets.
85 sorry not 75 per cent . Steady progress . Obviously the hardest bargainers left .
The Company has purchased 64 plots of land totalling 659 hectares in and around the permitted La India open pit mine site infrastructure, of which 479 hectares has been purchased this year, at the time of writing. In addition, the Company can also demonstrate physical possession for approximately 18 years on the land covering the Mestiza open pit, has purchased the majority of this land and has claimed ownership over 303 hectares in this area. The Company has ownership of 96 hectares of land in the area of the America open pit.
So ,does this mean still some land to buy for mestiza and America ?
Awax ,that is a good question that would be useful to have an answer . Nicaraguan cogs havnt appeared to be the quickest .also if all the land has to be purchased before starting either toll milling or construction.mc states that buying all the land before clearing is stated goal for this year .
Good to get an updated figure .So cnr have purchased 10 per cent of the land in the last 6 months by my reckoning so how long to purchase 25 per cent ? One assumes that there could be more progressing but we dont know for sure . Not convinced that all land will be tied up before year end but time will tell .
Seems like most of the critical land has been purchased? Open pit, mill site, etc so I wonder whether any of the key areas are left to purchase and if it might be these where we could be held to ransom? At what stage do we go down the compulsory purchase route and how long does this take I wonder?
The government want jobs. They will issue compulsory purchase orders and they may get less than they are holding out for. My guess they will sell fairly quickly.
@copter - I think we were something like 35% at the start of the year, then around 65% in March/April time from memory. All heading in the right direction. Keep up with the good work mark.
There is an Nicaraguan or two about to make an absolute mint by holding on
What about the other 15% of land is all I am thinking.
Offers are out but what if they are not accepted?
Correct if i am wrong but Purchased 85% of the Land Within the Permitted Mine Site Infrastructure and Advances Engineering Studies; were we not at 50% of land purchased a few months ago? If so that to me is a massive step forward. OK 15% left to go but reported progress.
munchbox this is the real world. what you may or may not guess is happening or dream about doesn't count. real, practical progress is confirmed on a number of key components, and the update on land purchases is particularly welcome. Steps like this is how big plans become reality.
Well that's the first one out of the way, a day early but not complaining :-)
Actually found the RNS boring. I mean we could have guessed most of what they have told us. After all the teasing from the webinar MC decides to drop an rns saying he’s moving along with everything ???? Yawn.
I wanted more than this but I guess I’m used to MC clever ways of keeping investors on knife edge for ages without concrete results
Morning All
I go away a week to Corfu and...................................
Certainly seems to have been an interesting week whilst I have been away!
Speculation, highs, lows, questions however after watching Marks webinar recording last night its great to see it followed up with a positive RNS this morning!
Again Mark is continuing to deliver and I personally have faith he will achieve our mutual goals of the minimum dilution possible.
The question is as per Andrew when will the next RNS/'S drop??? I remember when I first invested Mark enjoyed sending them out in quick succession!!
Enjoy today everyone, I am feeling blue!
Great steps forward. Let's see some SP action today.
Condor Significantly De-Risks La India Project: Purchases 85% of the Land Within the Permitted Mine Site Infrastructure and Advances Engineering Studies.
Condor Gold (AIM: CNR; TSX: COG) is pleased to announce that it has made significant progress meeting the terms of the Company's Environmental Permit for the development and exploitation of gold from the La India open pit, the associated mine site infrastructure and the construction and operation of a processing plant with capacity of up to 2,800 tonnes per day ("tpd") for a new gold mine at its La India Project. Condor has 1.12M oz gold open pit Mineral Resources (8,583Kt at 3.3g/t gold for 903,000 oz gold in the Indicated category and 1,901Kt at 3.6g/t gold for 220,000 oz gold in the Inferred category) permitted for extraction inclusive of a Mineral Reserve of 6.9Mt at 3.0g/t gold for 675,000 oz gold. As further explained below, key elements in advancing the Project, namely acquiring the land and completing engineering studies are now well advanced.
Highlights:
· Acquired 85% of the land within the permitted La India open pit mine site infrastructure, including the key areas of the location of the processing plant, tailings storage facility, open pit, waste dump area, explosive magazine.
· Tailings Storage Facility and 2 water retention ponds are being fully designed by Tierra Group Inc. 40% of the engineering designs are completed.
· The design of the site wide water balance including a surface water management plan is underway and has been awarded to SRK Consulting (UK) Ltd.
· Preliminary designs for the layout of the mine site infrastructure including, in some detail, the designs for the location of the processing plant have been completed.
· Mine and waste dump schedules for a number of mining scenarios have been completed
· The power studies have been progressed and several meetings held with the Ministry of Energy and Mines