Member Info for AmatraB

Thanks for the link Castlepaul13. Be good to watch how RGL goes after the news. May stay up for a couple hours to watch it

Thanks guys. Certainly making us sweat lol.

Being as we've only got 4 announcements on the ASX at the moment, does that mean RGL can put an announcement through anytime between now and 10am? Or is it just the ASX taking it's time to work through them all?

He's just posted a few reposts from Bitcoin stuff, so he is definitely online right now. Got tea here. Could be changing to Rioja soon, depending on the news

I've got Lenigas, Riversgold and Oracle twitter in the background. Hoping something will filter through there as soon as the news breaks

This is gonna feel like a long 3 hours.

Time to run with the Bulls! This is going to keep pushing onward with an sp rising this hard. Expecting a huge rise by end of day, then more tomorrow

Surprised we haven't had an update regarding the mining license yet. Get that signed off and then the Mega deal kicks in. Be interesting to see how much the sp jumps at that point. Minimum of a couple of bags I reckon. Then again for the MRE. Really don't want to be missing out on that!

Would like to think so. Mining license surely can't be far away now, then 0.10 should be history. Should see this move up in healthy increments for the next six months IMHO as we get license, mineral resource estimate, gold out the ground, then profitability.

Plus huge jumps with Thar sale once it goes through and any movement on the Hydrogen

David Lenigas interview https://x.com/i/status/1993530567887819143

The cut off grades can be a lot lower than 0.4g/t if the costs for getting it out of the ground, transportation and processing are low enought. In this article, produced last year, they show how it can be as low as 0.037. I've also seen mention elsewhere, that with the current price of gold, ot can be as low as 0.025g/t Both of which are massively/ ower than our averaged overall grades to date. Here is a link to the article for those interested: https://www.linkedin.com/pulse/understanding-cut-off-grade-calculation-mining-furkan-rlekf/

I agree that 0.4g/t to 0.6g/t would normally seem too low grade, but there are other factors here that affect that decision. The gold is near the surface, there is a substantial amount of it, plus it can be an open pit and heap leached, which is a much cheaper process. The mine is also near a current processing plant, transport links and infrastructure. This saves both cost and time constructing it all.

A lot of early work has already been done and ongoing, including checking the porphyry, the application for the mining license and checking on Tribal rights and FPIC. If this took more than 2 years from now, to gold coming out of the ground, there would heve to be something seriously gone wrong.

The BFS should be a lot more straightforward as MEGA have already agreed to cover costs of moving the ore to an offsite processing facility (again, saving on having to construct one on-site). The costs are much reduced. We don't even need to build accomodation blocks as we are only 20 miles from town. We will need to bring some power, water, minor services and offices, but we could use temporary portable solutions for that initially.

We are unlikely to require a substantially unusual capital outlay, as we have an experienced partner already covering a lot of that. Plus, due to their size and experience in the sector, they will have good connections for any financing required. That means the only thing that could really hold us up, is if something goes wrong environmentally. Even on that, we have been assured that this is an area that can be mined virtually 12 months of the year, as the weather is pretty stable.

Can't buy at the moment. Keep getting "No shares available". And that's at the market rate

One very good note, was that she said we should have something over the line before end of year, quite possibly before that. We know that "Soon", is a term bantered about a lot in the past, that often turned out to mean the exact opposite. But this time, she does sound very upbeat about either selling on the coal (I would like to think we would retain a small percentage), or movement at the Northern Zone. Plus a chance of a dividend.

Northern Zone license shouldn't be far away now anyway, with the setting up of the pit sounding like it's a fairly quick set up, due to a lot of facilities being close by and we would be doing open drilling. Canadas Greenstone open pit gold mine only took 20 months to set up and we have a lot more facilities nearby, so less contstruction to do.

As for the coal, the railway line looks like it will actually finally be finished in December this year, which means the two parties interested in purchasing block VI, are likely to want to gt a deal across the line quite quickly, before any other interested buyers appear.

Everything else is crashing, but things here are still looking good in my opinion, so just bought a little over 10 million more shares. Onwards and upwards......

These other projects aren't "if they happen". They are "when they happen". Many of us have waited years, watching our investment falling ang falling, but with good reason. Once the projects come in (and they are getting very close now), the sp will go through the roof. Let's all start making some money!

I feel that there is a lot of short term thinking and panic going on this morning, due to the 12 month timeline we've just been given. Let's try and sit back and take stock. First of all, we've been given a timeline. That's good news as any LTH's will know. We then have the Oracle model. We develop turnkey projects, to sell on, with the retention of a small percentage to develop long term investments. I don't believe we ever intended to hold on to this mine.

We know that the timeline will require evidence of large scale investment before the 12 months is up, to cover the cost of developing infrastructure, machinery and build. Money that neither Riversgold or ourselves have. We won't be able to raise or buy that much, so it has to be that the intention is to sell within that 12 month period. Likely around 6 months in. That will bring lots of monies into Oracle, to be able to develop the other projects.

Farm in agreements are common. It would technically mean that the rights still belong to Oracle, but they agree to pay 80% ongoing to Riversgold for works undertaken

Considering the still high volume this morning, warrants make a lot of sense. They only have the option of 1,666,666,667, so it could well be that they have got pretty close to getting rid of them all. That being the case, we could hopefully hang on until next weeks report, without any further hit to the sp. It could likely recover quite a bit before then.

At first, I felt that it was a bit premature to state that we had the report coming, so far in advance of its' arrival, as there was likely to be a hiatus, which could stall the sp. It now would seem that it could be a very savvy way of getting the warrants out of the way before the sp gets much higher (warrants could have really damaged the sp then).

Most of those selling are the ones who bought for a quick profit. Nothing wrong in that and it helps to keep the stock moving, but it does make the sp drop a little until they are all sold out. Next week will likely see the Institutional Investors coming in, ready for the report being released, plus some Long Term Investors too. That's when the sp will totally start to blow up I reckon. Just my opinion though.