Member Info for AndrewFfoulkes

A recent article by him was "Optimising Processing Costs Through The Assessment Of Geological And Mining Cut-Off Grades"

Sorry SRK.

This man is presently on site from SKR:
https://www.srk.com/en/experts/tim-lucks

It does rather make gold bullion look a safer longer term bet.

May interest some.:
https://www.bbc.co.uk/news/business-54908037

Provided we ensure all our forward case scenarios are based on no more than a conservative $1500/oz, it matters not.

I like this bit:
"Other project development options
In an attempt to generate early cash flow, Condor is considering the potential of highgrade starter pits delivering ore to the plant at La Libertad (~250 kms away). This option
has many advantages, not least a low initial capital expenditure, early generation of cash
flow and credibility, establishing infrastructure and a footprint at La India and
demonstration of concept; the value of which cannot be under estimated.
A PEA by Calibre Mining has examined the potential of trucking ore from its El Limon mine
and Pavon project a similar distance (250-300kms) to the La Libertad mill shows costs of
trucking in the order of $20/t with processing costs (for its own ore) of $16/t.
If Condor were to pursue a tolling option we would expect production in the order of
~40koz/yr gold from 300kt/yr of open pit ore grading 4.5g/t gold. Assuming payment for
a 90% recovery of the gold, a contractor mining cost of $4/t material, La India Site costs
of $2m/yr, trucking costs of $20/t and a toll processing cost of $25/t we would expect La
India to generate a net profit after tax for the operation of ~$25m/yr – for only a small
capital outlay."

Sorry, could not resist.

That may well be the case, when we have a mine and start producing.

heading straight at La India.

Sadly, it's entirely possible the results of hurricane Eta will focus minds.

"i cant see him commiting too a plant before all land completed .. far too much risk..the land.. is more important he will wait"

I can!

It's all a matter of interpretation, he strongly alludes to having sorted a deal for the mill and we will know shortly.
as regards the land, that is all but in the bag and as he says, he's now treating the project as if we own 100%, so clearly confident of government support should a CPO be required.

So we have the mill !

I think we are exceptionally close to the game changers.

All land acquired at La India.
Deposit on mill (second hand or new).
Toll deal (an outlier but still a firm possibility for a 12 or 18m deal).

Don't forget further prospective drilling and any site preparation at any of the plots, all are newsworthy.

brand spanking new mill, partially idle?

Interesting they got it so wrong, but also a potential opportunity.
https://seekingalpha.com/article/4380343-mako-mining-gold-developer-chops-resource-71-while-in-construction

CCC totally agree, it's important to separate fact from opinion. book5 is pretty good at the moment on what I believe to be fact but I tend to avoid his opinion.

"In regards finca Fabiola, an excavator has done earth works, apparently in preparation for the arrival of the drilling rig."

Assuming this is correct, we will probably know via RNS soon enough. I've no reason to doubt the veracity of what he says.

Isa my take was quite the opposite of yours, I would say the messaging (apart from the nutters) is very positive. I am quire sure that Mark will pull something highly significant out of the bag in the very near future.