Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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......not sure I'd ask that question of Eric...he's as likely to tell you It's 2" square in the middle of someone's boat race LoL...
Material compassion Granite - 2.72 tonnes per cubic metre Slate - 2.8 tonnes per cubic metre We will use 2.8t, therefore 6,000,000*2.8 = 16,800,000 ton At 1.7 g/t * 16,800,000 = 28,560,000 There is 31.10g to 1 ounce (troy), 28,560,000 / 31.10 = 918,328 Oz gold at market price 1300 per Oz that's 1,193,826,367 USD Sounds great! Except the cost of mining in an open pit mine is around 47$ per ton 47.00 * 16,800,000 = 672,000,000 Profit 521,826,367 USD Not bad!
Lets agree the ore body size: Length: 200m Width 200m Height 150m Cubic Meters = 6,000,000 The above figures from jibbs have got me concerned. Makes me nervous
LoL....geez Wress you don't want to be phased by us ....well me at least .... you certainly don't want to be making buy/sell decisions based on anyone's thoughts & research other than your own.... history is not necessarily an indicator of the future n all that. You've got more chance of making a buck or two than most of us here at least....Trust yourself Wress & use the force... you bought in under your own assessment make sure if you sell, you sell by your own assessment..... Me .....this has sucked many many thousands out of me so I've paid for the right to gripe, doubt & be grumpy :-)
Losing my appetite daily to be honest. The more i listen to you longterm holders the more nervous i become about it all. Infact i may sell.....if they will take them from me!!!
Wress - you seem to have appetite at the moment see if you can find anything on tinternet about Georaid CJCS anything at all & it's mysterious Russian owner? Also they don't need to buy shares per se as we have already showered them with multiple millions & if this ever gets to a positive BFS (.... ROFL ... ) then we give them a further $300k's worth at the current SP that should equate to well shall we call it a Billion just as a round number but in actual fact 100's of millions more than that, perhaps you should familiarise yourself with the content of: http://www.orogengold.com/projects/mutsk-armenia/
Eric in your opinion what do you think the true area of the strike zone is?
I don't see why they shouldn't be disclosed. Anything over 3% and I believe we need to be informed, whether Georaid or whoever it is.
Imo mr georaid is the mystery buyer. And under those terms then should it be disclosed?
Yes, they'll probably be the 0.0249p mystery enshrouded shares. Swollen furry raisins of death. Lol.
In just tried a dummy sell of just over 4M & was offered .0229 - think the correct bid ask should be .022 to 0.25 ... what a load of hairy sphericals....
I wonder where the holdings RNS is for Mr 0.0249p?
Yep. Gaining proof is the thing though.
Blimey. I trust that you've given the FCA a nudge again then Jib. It all stinks at the moment. I mean, the placing price was terrible, unnecessary at such a level, and as we see, absolutely damaging in terms of the amount of further shares now in issue. Shareholders have been literally been given the Bird.
If what you suggest is correct then it should be investigated
I believe the sale of shares at 0.0249 was already agreed in May when we were at 0.03 and on the understanding that there would be a dilution. Then the dilution at way under value at 0.015 was calculated to give ore the 350k and 250k to share out under the table. This answers the questions of why dilute so much?. Why buy above the SP? Why suddenly stop when the undervalued shares were resold?
Who has the BOD's broker palmed the placing shares off to then at a mega price? Whoever the buyer is, or buyers are, they either have privileged info, info that we do not, or are as thick as crap. I can smell napalm in the air. Lol.
http://hetq.am/eng/news/29047/british-mining-company-sets-up-shop-in-armenias-syunik-province.html
I don't believe there is a buyer looking for a takeover, they were willing to pay over the 0.15p and pay above SP when it was below 0.249. So why stop now? why stop now the diluted shares have been sold? if its a buyout or takeover, they would still be buying in volume, they are not, its not a takeover, it is a swindle from the BOD. I bet they have take an share in the 250K profits from the stockbroker selling the 0.15 shares. Nothing more!
Why times by three? what are you using to calculate this, or is it just a hunch?
Times your figures by 3 and you are close
Hovsep Hovsepyan If this man is involved then expect the mine to be big
Wressmycase, I don't share your enthusiasm, but lets first make sure we are using the same set of numbers. I will show you mine, if yours are different or if I have made a mistake please let us know. First lets make a general assumption to help the calculations. Lets take an optimists view and say the whole area is 1.7gt, though I believe it is much smaller than that. Lets agree the ore body size: Length: 200m Width 200m Height 150m Cubic Meters = 6,000,000 Material compassion Granite - 2.72 tonnes per cubic metre Slate - 2.8 tonnes per cubic metre We will use 2.8t, therefore 6,000,000*2.8 = 16,800,000 ton At 1.7 g/t * 16,800,000 = 28,560,000 There is 31.10g to 1 ounce (troy), 28,560,000 / 31.10 = 918,328 Oz gold at market price 1300 per Oz that's 1,193,826,367 USD Sounds great! Except the cost of mining in an open pit mine is around 47$ per ton 47.00 * 16,800,000 = 672,000,000 Profit 521,826,367 USD Not bad!
Wressmycase, I don't share your enthusiasm, but lets first make sure we are using the same set of numbers. I will show you mine, if yours are different or if I have made a mistake please let us know. First lets make a general assumption to help the calculations. Lets take an optimists view and say the whole area is 1.7gt, though I believe it is much smaller than that. Lets agree the ore body size: Length: 200m Width 200m Height 150m Cubic Meters = 6,000,000 Material compassion Granite - 2.72 tonnes per cubic metre Slate - 2.8 tonnes per cubic metre We will use 2.8t, therefore 6,000,000*2.8 = 16,800,000 ton At 1.7 g/t * 16,800,000 = 28,560,000 There is 31
Could it be that the georaid owners who imo are politically connected, have been involved in the placing? Ive been doing some research and the gramme per tonnage and overall tonnage could possibly be massive. Also is it possible that they dropped the del project due to knowing that he magnitude and potential of mutsk is gigantic. Just my view on things. I know the sp is very small but in the grand scheme of things we could be sitting on a silent gem here.