Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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He's on about Tilly Rowka. He starts a new thread, he ever so slightly changes the thread title to make it appear as if you're replying on the original thread. If you click reply, then scroll down to the start of the new thread you'll see that he started a new one for some reason.
GLA
Not entirely sure why he does it mike, i noticed it myself a long time ago and brought it up.
It can be a little annoying when it takes the conversation away from the original thread that started it, as it makes following the thread convo more difficult.
He's a friendly character though, so i'm sure he'll explain.
GLA
Please inform us why you're incapable of replying on the thread you created that has 2 replies, directed at you and your opening thread with the same name !
They changed the link, didn't they lol
Here -
https://www.lse.co.uk/rns/EUA/monchetundra-operations-restarted-k5qgv48x511odqt.html
GLA
I agree Rowka, there are holes with it all, everyone is just trying to fill the holes the best they can. In all honesty, i can guarantee that by the end of all of this, we have all learned something from one another.
There is this hole at MT Rowka, it has a bonanza palladium grade, also quite a good gold grade -
At MT -
Mt-086
49.0-50.1
1.1
12.28 GOLD
6.52 PLATINUM
98.8 PALLADIUM
2.13
0.15
https://www.lse.co.uk/rns/EUA/monchetundra-operations-restarted-vb2ceddp6ckwuq5.html
GLA
Next Wednesday, 7 weeks will have passed since we got the FSP RNS. Marry it to Raharh's real life example timeline, and you only get more excited.
GLA
I just like to try and help get the most accurate picture at any given time Tiddlor.
I don't really care if anyone gets grouchy, in my eyes, there is no reason to be now, there are no false stories circulating. It was only every the false stories and attacks that people had any justification in perhaps, as you say, being grouchy. Everything on here since they got burnt, has just all been attempts to have normal debate and conversation. All of which has helped pass the time nicely.
GLA
Just pulling pigtails Mac, all due respect to you both. Top guys who add a lot here. I have however noticed that as time goes on we are getting a bit grouchy. I know I am. It's only natural as we're nearing the end of our journey. I've had a few folk retire and turn a bit nasty as if cutting ties is easier. That's just a reflection on the human psyche rather than an observation of anyone in particular BTW. As you well know, all respect to you who keeps us grounded with facts.
You could very well be correct djm1. They put the 40Moz figure into the FSP RNS. Whatever goes into RNS, it goes in there for a reason.
In effect, with MT, they're just selling their holding of the company that has all the exclusivity rights etc to another company.
Same for WK, it's just their shares of the company that holds all the licenses and rights there.
GLA
My bet would be that AP and CKE are working on the very extremities of the 2 MT licenses to give as best an idea as possible of what extends into the flanks.
Details from past drilling in the flanks gives inferred resources, it makes it far easier to shift that up towards the proven reserves chain if it is shown as a continuation of proven reserves next door so to speak.
If detailed work is being done to drill, trench etc on the extremities to give a true extent of the width, depth and PD (eq) grades in situ then value is added.
It strongly suggests that the board are negotiating on numbers that may well be bigger than the 1.9/13/4 million ozs that we are all basing our valuations on..
Fingers crossed!
GLA
Not entirely sure exactly what's going on, or what has went on djm1. No one knows exactly what exploration they did there in Anglo JV days, they only seem to have released bits of info from it in RNS. Every bit of exploration adds on and gives the most accurate picture at the time it is done.
The new production target and mine life is there in RNS for all to see however, and the mine life cycle, is just that, the steps through the entire process.
To date, for MT, we have had 2 mine plans, both the new resource figure has increased several fold, and also the new target production figure since the first mine plan was mentioned.
We're all not in the BODs shoes, they will know a hell of a lot more than we do, but they do seem very confident with dropping that new mine life and production target into RNS.
GLA
That's a yes then!!
Flanks approval may only be an hors d'oeuvres...
Would they be allowed to explore on the flanks or just existing licences?
Thanks
Thanks
This is from RNS djm1 -
"A Detailed Project Design Report was contracted to Central Kola Expedition and approved by Murmansk Nedra in October 2019. The report sets out the statutory work required to complete a detailed Feasibility Study (Russian standard equivalent of a Definitive Feasibility Study) and a revised reserves statement building on the existing Feasibility Study and state approved reserves."
If AP has been sub-contracted on to help with that, or they are doing something else, still remains a mystery due to the secrecy with it all.
The new mine plan is the clue, because of how a mine life cycle works, you only get a mine plan after exploration, always -
https://www.miningglobal.com/operations/gifs-5-stages-mining-life-cycle
GLA
Hi Mac,
I was out most of yesterday with only half an eye on proceedings here, but i have been wondering on one point. CKE and AP have both been beavering away,at whose behest exactly and where we are not sure but you refer to the new mining plan for MT. Do you believe that this plan is based on and improved resource base at MT, i.e that EUA using the Anglo American data and additional data from AP/CKE are going to try and upgrade the reserves at MT, beyond the Cadastre numbers?
Thanks
It was never an argument, only something to consider over a long time period ;) haha
Mountains, massif, you can't just fully ignore plate tectonics lol
GLA
of....bloody fat thumbs.
Good morning. I'm back home after a long night shift. Nice and quiet here this morning. No squabbling over 0.6 of an inch. Although to some that's an awful lot. I'm of course being facetious because I've argued over the colour poop before.
Trift - no worries, I assume you meant Hemo with a nautical angle ,
Saxon - yes far to much chest puffing & feather ruffling , you need skin thicker than Lils hairy hide on these boards , however the biblical end game will wash the decks clean .