Member Info for AIMinvestor22

No, I do not thanks. The thread subject is referring to the gold ore processing plant. You’re referencing the mining contractor. Two completely separate things. Hope that helps

Wakey wakey nidgeyr - Kuboc is the mining contractor.

They are nothing to do with the GOPP. Been no news on the contractor for this yet

Been busy. I see you’re having a great holiday with 20+ posts in a day. Barrels of fun and attention given to the travelling party 🤣

Decent RNS. Is the market sleeping? Or are they skeptical of when these figures will be physically achieved. Thanks to extensive research others in here, with the help of ai, these figures were already well known were they not? St Elias etc. In fact, the overall estimate has dropped from 213k oz which many quoted as the target oz to be extracted. The GOPP is the game changer, and as far as we know there isn’t yet a contractor in place, so actual commissioning is unknown so a question mark over whether finances will get them there.

Will the Bonanza vein get them there? The spread of contained gold is huge so seemingly still very unknown.

Iceman. You said it isn’t a stock to trade in and out of, then said there would be volatility. Can’t have both 😁

Ranger 😉

Ah ok Iceman, it's just that you posted at the beginning of March to us all "the hard truth". You said that during war, Gold will fly. "When faith in diplomacy fails, faith in gold prevails!!"

So I am assuming you don't want the King to have peace talks with Trump?

Iceman, weren't you recently of the opinion that Gold price will increase whilst there is ongoing war? i.e. - Gold being the safety asset and becoming more desirable? What changed?

Any posts on X for the GOPP? Works were meant to have started in Q1 2026 weren't they?

RNS 0771I: "civil works which are due to commence in late November 2025"

RNS 4265U: "therefore delayed the start of site works by up to 15 weeks"

A 15 week delay took it to mid-March 2026.

HL has this up 73%. This has happened a few times over past 12 months, wonder if it’ll hold this time as more trading activity than usual…

Someone posted elsewhere that they thought the 57m was partial movement of the 120m across brokers. Might not be accurate but might explain lack of TR1

Golfingman, they literally state that vein material is stockpiled at surface and that surface stockpiles are averaging ~0.6-0.9 g/t Au. I am not confusing anything.

Golfingman, it wasn't speculation. The below was quoted in the RNS yesterday:

"Nativo currently has accumulated over 20 tonnes of vein material derived from mine development which is stockpiled at surface" - "Surface stockpiles (averaging ~0.6-0.9 g/t Au)"

Thanks Golfingman, good spot.

So the 20 tonnes is currently the by-product of mine development / sampling. Based on their previous RNSs I thought they were targeting high grade shoots so that it why I was surprised the average grade of the stockpile didn’t include higher amounts.

Yes Golfingman, that's fair. But their plan to increase to 300t per month is still a maximum of 10 tonnes per day which is why some were questioning other users quoting initial prod of 20 tonnes per day.

Fergal, in what way is it disrespectful to say they only have 20 tonnes stockpiled? It's literally what they have stated in their RNS.

The stockpile is averaging 0.6 - 0.9 g/t = 0.52oz.

On 26th Jan, they said "The initial operations will target areas of Bonanza containing grades of between 5-25 g/t of gold, aiming to mine between 50-90 tonnes of vein material per month, while confirming grades and mine integrity."

Considering they were meant to have started mining at the end of Q4 2025 it's only fair for this to be raised. Have they been stockpiling areas of lower grade?

Where are you getting 20 tonnes per day from? Their latest estimate target for artisanal was 1-3 tonnes per day wasn’t it (they gave it as monthly figures).

Agreed though that the GOPP could fundamentally change this.

Not sure how far the first sales will get them. The "underground operations" recommenced 13 Feb this year and they have stockpiled 20t since then with the stockpiles averaging "~0.6-0.9 g/t Au".

20t x 0.75g = 15 grams = 0.5oz = $2,400 revenue.

Considering they restarted mining on a targeted approach, focusing on high grade shoots, I'm a little surprised that the stockpile to date isn't higher in g/t Au.

Yes Fergal, can’t say I disagree. 72g/t is remarkable 👍

If I was going to jump in long term I’d want to know, however, how much of the estimated 213k this covered. Based on the coloured graph indicator (and using the data table from previous samples) the vast majority is 0.5g/t or below.

All the best guzzler, RNS lands just in time for the GM votes.

Interesting colour on the graph in the RNS, over 95% of it is blue/green/orange which according to the data label is 0.5g/t grades. If as a holder I’d want to know the coverage on the 72g/t.

Always find a way to gloat about 100k not being more than you can afford to lose and mocking the size of others trades 👏 👏