Member Info for addicknt

Ontarget, yes, I heard him say that, but my impression was it isn't first choice.

I think in the same breath he said they were talking to competitors about this, which I assumed is a reference to Tun?

It seemed clear to me that they have no intention of building a processing plant on-site. Was that the general impression?

A good solid presentation without any of the hyperbole often associated with some companies when announcing such good news. Denis is clearly not a natural public speaker, but is very clearly on top of his game.

This has been an excellent day.

From the fourth of his christian names and his looks, I'm guessing our chairman is a member of the Churchill/Soames family. (his surname also suggests a link to the Duke of Rutland)

" This is not the end. It's not even the beginning of the end. But it is, perhaps, the end of the beginning"

Novice, so says the man who said today's announcement would be notification that the project would be mothballed.

Break, the price used is prudent, believable and lends credibility to potential funders.

Novice, good to see you've maintained your track record of being 100% wrong.

LongSnoot, what happens today is of little relevance to anyone apart from short-term traders. This MRE and updated economic sensitivity analysis is the sort of thing miners dream about.

$110m pre-production capital cost, which seems reasonable.

40% IRR is astonishing.

When this increase is factored in to the npv along with higher commodity prices, greater recoverability and extended mine life, the outcome should be spectacular.

49% uplift in tonnage.

One really important aspect of developing this mine is to keep the local population onside. Enthusiasm currently appears to be strong, but as is always the case, public opinion can be fickle.

If solgold got anything right, it was that they did a very good job of maintaining public support. There are lessons to be learnt from their example.

The Stock Exchange web site suggests there were 115m shares traded yesterday.

With 2.818bn shares now in issue, at the current price the m/c is circa 135m. Has the past two days price movement simply reflected the new shares being issued?

Valii ,agreed.

FYI, the 19m shares reported on this site as having been traded today, is way off the mark.

The actual figure is just shy of 50m.

We all like sitting on a significant profit and conversely, we get a bit jittery if it starts to be eroded. But that really misses the point here.

This isn't about what happens over the next few days, it's about the MRE laying the foundation stone for what will could be an incredibly exciting journey over the next 12 months and beyond.

The company is involved in something of national significance which cannot be ignored by our government, or other sector players. Personally, I find the posts on the Tun bb from Brad to be extremely interesting and I agree with much that he says. If you haven't read his stuff, it's worth a look. Echoing his view, I believe a tie-up of some description with Tun is inevitable and I would envisage that happening some time after the PFS.

Obviously, this is just a personal view, but the commercial logic seems overwhelming.

It goes without saying, there's nothing wrong with taking a profit - far from it, it's why we're here - but the real gains will come a bit further down the road.

'no sell quotes' ? I had no problem getting one. Total bs.

And exactly on cue, here comes the fifth Horseman of the Apocalypse.