Member Info for Andrew4444

IWTO My thinking was plant paid from some dilution, CIB and loan. Loan serviceable from from regular alluvial income which by end of year, should be substantial and the market should be pricing in. Obviously we would also have FB income after the plant was built and DFS to help secure the loan. This is definitely a more challenging route but I think, in the longer term, the extra revenue would make it a better option. I also like the idea of us having our own plant to fully develop the other 90% of manica

IWTW If its 20% clear profit then that's OK, IMHO. But my main point was that I assumed we were going to move to the next level by owning our own plant and then fully exploiting ALL the potential at manica. CB implied this at the last show. I'm very confident this will do well, but I may need to re assess the SP potential if we keep taking a cut of the profits rather than taking all the profit. Its all speculation until CB actually tells us what he is going to do, rather than give us a list of possible options.

Bob If we could use the plant for all our other HR then that would be better. But as ever, the devil is in the detail. Thanks again for the update. It is looking good.

Weapon I could understand why we gave away so much of the alluvial income, and half of non- FB HR but I assumed this was to increase income to a high enough level, and CIB to fully develop FB and, moreover, take us to another level. This seemed CBs own plan, as at the last investor show CB said that once we build our own HR plant we can easily process all the other HR deposits and fully realise manica's potential. I agree that 20% of FB at no cost would be a lot of money as you say, but 75% would be a lot more ! We'll see what CB does, many more options no doubt.

Bob Thanks for the info. I assume the Fairbride options, no need for investment from us, we us get 15% - 20%, . is just one of many options and not what CB has said he will do? That option does, to me, look like giving up the jewel in the crown for a small amount. Hope he doesnt go down that route as we should be able to fund a lot of FB ourselves end of the year?.

Jonew You said you bought at the top of the tree but you also said, in the recent past, you bought in December last year - so sub 3p. Sub 3p wasnt top of the tree, but an excellent entry point ! Many LTHs could only dream of having average below 3p. I think you;ll make a very good profit here and have nothing to worry about.

CB will be giving a 20 minute presentation on XTR in the Johnson room, starting at 13.20,

Lets hope it's quadruplets !

CE It that right??!! I thought it was $50K a month 96 oz at $1,300 per oz = $125K gross). Not 1.25M

Bob Thanks . Well that's two who think its just alluvials ! Feel a little more reassured.

CE Many thanks. You may well be correct but it would be nice for CB to confirm this. I don't believe he has unequivocally stated it is only re alluvial income.

BTW I've emailed this question to him a few times but no reply.

Morning CE If you do manage to speak to him could you ask for clarification on the Nexus arrangement? Are we forever, going to give 60% of our income to Nexus? Or will the arrangement stop at some point? My understanding is that Nexus will always get 60% of ALL of our income (alluvial or hard rock), forever. If you have time to ask this question, it will be appreciated.

LS I agree with your conclusion if it was only re alluvials. I dont think you can extrapolate that alluvials are viable therefore manica (and therefore by association Hard rock) will automatically be viable.

Ghost I think we get a lot of additional info from CB that is not price / market sensitive. News that isnt price sensitive can still be interesting and help current investors / prospective investors know what is happening and what his plans are.

Hi Bob I agree we will see the same % increase but that is from an artificially low base, therefore the actual $ increase will not be significant. Very welcome yes, but not significant. 10% extra on a yield of 8% cut (= 0.8% extra) is a lot less than 10% increase on full 100% cut (10% extra). I know about the Omnia sliding scale hence I deliberately stated most, not all, of Omnia income is by dirt processed. The increase in POG will, as you say, see more cash on all fronts but it will not be significant for alluvial income, at the moment anyway (until Moz equity deal signed). If you number crunched the recent increase in POG against FB Hard rock income (DFS initial $400 an ounce profit now $500 an ounce profit due to increase in POG) that's 25% extra profit but moreover, substantially more $ profit. In short, this increase gets us a few more alluvial crumbs off the table now, but we would be getting a few more loafs of bread against hard rock income :)

As welcome the high POG is, its worth remembering that, currently, we only get circa 8% of the revenue from sino so the increase in POG gets us very little extra revenue. Omnia income is nearly all by dirt processed. Where the high POG will make a big difference is when we take equity stake in Moz and, moreover, when we start the hard rock mining. Then it starts to make a massive difference to income levels. That said, the POG will certainly incentivize our contractors as they will be the ones, at the moment anyway, who benefit most from the high POG.

Pyo88 Good luck with your fishing trip. Wonder what you'll catch :)

Cavity Agreed. The additional problem is that this co, in the past, didn;t just talk the talk, it talked the BS :)

Thomas I'm surprised you dismiss 20p so readily. IF FB is developed as planned, even with 50/50 JV, and the same for non-FB hard rock areas, then 20p could easily be achieved. Some may even say that's very conservative. Of course that depends on CB delivering. No one can be 100% confident he will do what he said. I'm reasonably confident he will deliver (HR) and definitely think its better odds than, 'a cat in hells chance'. We will see.