Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Gold price holding nicely.
I'm happy with my position here and happy how the company is performing. It's down to the market now I've made my price targets well known and fully expect them reached as this is a low risk high growth Gold play with the benefits of being the cheapest Gold producer out there with zero Debt.
I think they’re expanding and increasing throughout at a faster rate than I certainly expected, and probably what they expected. So pinpointing specific dates wouldn’t benefit the company for me, until they’re comfortable in the rate it’s running at
I think they’ll have hit 1,000 oz in December but maybe not on the months leading up to it. It’s all about the figures and showing a gradual improvement, and sustaining that improvement.
No good hitting 1,000 oz in December, 750 in January, 1,200 in February then 800 in March. Increase the oz’s, bring the second ball mill online and reduce costs, equally as important for me. Although if they’re still upgrading the plant and purchasing new equipment, we may incur ongoing costs in this department, which I’m fine with as long as it ties into the long term goal of 25,000-50,000 oz
In comparison to the majority of junior Gold exploration presentations, this is head and shoulders above most.
-Increasing Gold production.
-Increasing Resources
-Reducing costs
- expansion into east Africa.
I’m not sure what the market reaction will be following the operational update, but the company has a long road to run beyond that. If for some bizarre reason the price drops, il do what I did last time, mop up as much as I can around 1p. Simple.
Exactly.
With their plans for expansion and becoming a mid cap player you would be doing everything you can to hit stated targets as you don't want egg on your face.
Trust is something easily broken and difficult to fix in this game and Caracal know this. If they plan on being around a long time I'm sure they will be doing everything they can do deliver on what they say. Other than things that are out of their control of course like delayed Nairobi listing etc. But that will come good sooner or later.
Lots to look forward to, and that just what we know about. Who knows what else they have cooking in the background that we've not had a sniff of yet.
When they have so much of their own skin the game (20%), you can trust they will work hard to ensure this is a success.
"should have" for sure, BUT it's all about consistency in gold production and not having break down or those 400tpd days.
It certainly makes you think things are progressing well as planned, (if not better). Wouldn't surprise me with these guys, they don't seem to be messing around.
2022 could be a very good year here.
Netbox
from Q3 update : Ongoing optimisation of the gold processing plant to achieve steady state throughput of +700 tpd is progressing according to plan and is on schedule to achieve monthly gold production rate of 1,000oz at the end of Q4
So if they're regularly getting +1000 tpd they should have crossed the 1000 Oz production threshold
As I said before, am expecting 2000oz+ for Q4 which will be a remarkable results for a newly listed junior miner!
Put a time frame on things and if you don't deliver by said date the market will hammer your share price so I think they are just being cautious (and sensible).
It will happen, we will just have to wait and see when.
One very interesting point I took from the presentation is.......
"Plant throughput increase to a rate of +700tpd (already regularly achieving up to 1000tpd) and target production of
1,000oz gold – in process"
With my attention drawn to the "already regularly achieving up to 1000tpd". That's a massive increase over what they originally stated was their daily target of 700tpd.
If they replace the "regularly" with "consistently" we could be smashing that 1000ozpm target month after month, no problem. Then where would we be?!
I'm guessing we will be getting the production/quarterly update w/c 31/01/2022 so still another week to go yet in my eyes.
But Jason did let it slip in one of his interviews "we've got a good quarterly update to follow" but then quickly corrected himself as he realised he's not allowed to give that info out until the RNS lands (good spot by AG on that).
Happy times to follow. GL
It's a good presentation but they can't put figures to it until they release an update which isn't due yet. Whatever the figures are it will be an increase and further updates will also show an increase. I don't believe that they produce less without equipment failure or lose gold they've already found.
Increase Increase Increase
nice and sleek presentation but still very vague statements when it comes to production and dates. I am heavily invested but I'd be more comfortable when I know how much gold we are actually producing and selling to the market. So far no reason to doubt on the information provided but clearly the market is waiting to get some hard numbers before taking position here.
Q4 figures next week perhaps?