Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Martyn is the man - he knows this inside out having worked on it at Lundin and now he has employed his old colleague - I imagine a buy out in the not too distant future
This is the real deal. The JV partner wanted them to prove their seismic worked prior. The deal came early. JORC very soon and I think David Garedji will be a blockbuster. Not forgetting the open pit - only drilled to 50 metres so that they didn't divert from drill plan - they don't know how low it goes - imagine 140mt instead of 70mt
The good thing with the shallow resource is the speed of drilling , you hit the mineralisation early and only need to go a couple of hundred meters . They can then get lots more drill holes completed quickly to get the JORC status . I am going to ask the company to clarify the wording of the MoU with RMG , if it really is as good as it sounds , it's fill yer boots time for me
Not sure I can explain the drop today following buys over the last couple of weeks, and good news that has come out recently. I realise it's not earth shattering, but down 13% at one point this PM seemed a shakedown to me. I am still hoping to see a decent rise in this shortly, and hoping Greg is going to update us on the plan for Kvemo Bolnisi East Project following August's RNS. News should be about due. Get a plan, and get digging!
Guys , just to clarify my understanding the deal we are entering with RMG , means they will mine the ore and we, in essence, just a need to point them at the targets ? Production and Processing ����� MoU signed with RMG, whereby RMG will mine and or process ore generated by Noricum Gold, subject to certain conditions, via existing processing infrastructure�owned and operated by RMG
Maybe it is a price which is on its way.;-0
Morning Monty , moving up nicely , it doesn't need decimal place cock ups :-)
Cristal, see if you can buy some tomorrow at 1.49 and pull the price up for us all will you? You are welcome to all of mine at that price! :-)
Seems like will have to keep money in for a little while then.
Wow - some chunky buys showing up now
That's similar to what I heard. i may start to increase my holding here.
eh? you know what i mean. those were buys though.
No you paid ~ 0.149p not 1.49p the first o.149 equates to £1490. per million shares ~the second 1.45p equates to £14,500 per million shares.
Wow - i paid 1.49 so i would imagine those 3 large trades are Buys.
In retail terms a monster when it gets into its stride ~ yet that is not all the available resources~we have access to more than 801 square kilometres of prospective mineral bearing property. We do not yet know the full picture of how NMG will move forward to exploit its situation.
agreed, i don't think it is unreasonable to see £50m-£100m on the RNS stating production and securing a revenue stream. Once the herd pile in,twitter wake up and people wake up the the size and scale.... who knows. at that point you could see an II or PE house take a stake. Game on!
Would be good to see 1.45p based on the known resources~ plus still be very cheap with a mktcap circa £100million first lets get into production.
Ok, so based on the soviet resource estimate. (sticking to 0.6%Cu) 2,160,527,600 Lbs Cu $2.1 $4,558,713,236 7,100,000 Oz Au $1,300.0 $9,230,000,000 22,000,000 Oz Ag $19.7 $432,960,000 $14,221,673,236 $14.2bn in situ. a self funding monster
doubled up to take another 1m shares @1.45p. the upside here looks huge.
No I do not expect production until Q1 2017~ Although I could be wrong and Q3 or Q4 2016 production may happen From NOV., 2015 RNS~ The Project has combined, drill defined, non-JORC C1, C2 & P1 Soviet Resources of 980,000 tonnes of contained copper; 6.6 million ounces of gold(now approx., 7.1 million) and 22 million ounces of silver.etc., If more gold is found approaching the 10 million ounce region NMG has one of the very if not a major gold finds in the last two years~should make the sp hot foot it upstairs if that happened. The soviet definition is similar to JORC in some ways. JORC is the international standard for valuing resources as a commodity for bank lending ~ back in the 60s and 70s Russia miners found external finance cheaper so started to use JORC definitions for bank valuations. Assumptions made
Hi LF. let me have another look at the resources- that was just a crude assessment based on the head grades and tonnage. Are we still on track to "commence production from the Kvemo Bolnisi starter pit in Q3 2016"? - surely this will give a massive boost to the SP. (i.e. by end September)
Add to your assessment.~all logistics within a 10 mile radius.~makes for cheaper transportation cost in time and energy expenditure. Plus I think you have seriously under stated the resources known to be in place.~ now 7.1 million ounces of gold. 22 million ounces of silver and huge copper resources plus other minerals. To get to the copper the gold has to extracted first as it above the copper bearing ore on that basis we might have two resource production lines in place at the same time. Assumptions made. The above is why I think the share price of NMG is for nothing at less than a fifth of a penny.
For those that are interested. The target resource is between 50mt and 70mt so assuming a 60mt mid point. Resource valuation: Ore body area = 60,000,000t. Cu @ 0.65% = 390,000 t. ( x 2,204.62 ) = 859,801,800 lb of Cu @ $2.11 = $1,814,181,798 Au @ 1 g/t = 60,000,000 g. (div by 34.285) = 1,750,036 oz of Au @$1,300 = $2,275,047,397 Total value of resource (in situ) $4,089,229,195 So $4bn of resource in the ground, shallow pit , cheap to extract and agreements in place In comparison the resource value for SOLG's Cascabel Alpala resource is $12bn (so 3 x ) - but that’s block caving and needs $5bn upfront capital to extract. Their MC is currently £140m. Er….
Posts that is............
A production announcement should catapult the sp forward,the further the better.In any event a well received RNS will lift the sp from the doldrums. Good times ahead for those invested.