Member Info for Andysel

Whilst I would love to see GF show some gold we need to remember that we are in the exploration phase and as such we are only taking samples, the samples are measures in g/t and can be obtained from a small amount of material.

In reality the amount of gold that would have been collected during this phase will be very small and i'm sure if this was to be shown it would give people who are screaming to see the gold the opportunity to say is that it!!

We need to be a little more patient and see what happens when we enter the commercial phase of the program at Glogau, that's when real movement is likely to be seen, (this is only my opinion)

Greenland IPO is also likely to have a positive impact which could happen before we see any substantial movement form the gold side of the business.

i spoke with lloyds who i use for both my share trading account and isa, they did it over the phone and the loss in value/number of shares was negligible as they gave it to a MM to do, definitely well worth doing if there are some positive gains to be had that could be quite significant over the coming months.

@Elir
the rns notifying us of the phase 2 drilling does also state that they are testing the continuation of mineralisation so I have assumed they would send for Assay, but i could be wrong

we may get an update on this wider exploration in the near term as it was RNS's in February, it was referencing a number of samples being taken from the river at various locations,

phase 1 drilling took about 4 months do drill a total of 1500m, and then a month until we saw the Assay results. Phase 2 drilling is 2000m and started on/around 12th April, so its probably about 1/2 way through the drilling stage as a rough guess

@Yanis
1. Phase 2 drilling results - I know is soon but do we have a date for this? - we do not have an anticipated date for the results, it may be worth looking at how long phase 1 took from start of drilling to publication of assay results to get an idea

2. Dewatering - Any estimates for approval? - the planning application was accepted on the 18th March and welsh natural resources give them selves up to 4 months to make a decision for this type of application providing there are no problems. - so hopefully we should hear something by 18th July

@ shouldhv
originally they were going to take samples form 9 pits which would have been your figure of 540, but they only took samples form 8,

only 480kg of waste was sent for sampling (60kg form each of 8 holes) the recorded grades are excellent, but the value of gold actually taken out within the samples will be small, probably only a few grams

with an average grade of just over 4g/t from the rock waste and 5000t of material that's about £1.3m of gold from the one waste tip that will be a low cost to extract. the old timers obviously missed a hell of a lot of gold

https://www.londonstockexchange.com/news-article/ALBA/clogau-update-sampling-of-waste-rock-dump-results/15031889

https://www.lse.co.uk/rns/ALBA/result-of-agm-pw8z8mp3e778nq1.html

the dewatering permit can take up to 4 months from when the application is accepted, the application was accepted on the 18th March, so it would be up to 4 months form then before we could have a decision. That could take us well into July before we have an answer.

https://twitter.com/AlbaMinerals/status/1404755413069963266

just had a little top up of 529k shares, that's all i could afford this week

definitely goo riddance - Horse Hill next

@ Buy-Sell
the dewatering permit can take up to 4 months from when the application is accepted, the3 application was accepted on the 18th March, so it would be up to 4 months form then before we could have a decision. That could take us well into July before we have an answer. so lets not get peoples hopes up only for them to be dashed if nothing arrives in the next week or so.

the LL010 we will just have to wait and see although this hole was not originally planned in the drilling schedule so may not have been sent for Assay at the same time (if at all) as the other holes as the purpose of the assays was to prove gold mineralisation which is what was shown proved up in the RNS results for Phase 1 drillling at Clogau

https://twitter.com/albaminerals/status/1404414845907316737?s=21

personally I think any valuation would be based on a multiple factor on the amount of profit that Sunrise would look to make in a single year based on what the mine license allows them to extract annually, the factor could be anything up to 10x annual profit.
Only Sunrise and the CRMC know how this is going to be done/calculated if there is a sale being discussed.

on the Nevada cement website where it describes the plant operations it states this at the end of the process which could indicate they do have such a plant

"The clinker is then ground once more with a small amount of gypsum in the finish mills to produce the final cement product that serves as the “paste” that is used to bond the coarse and fine aggregates together to produce various concrete products."

that said, at the end of the day i'm just happy things are looking positive no matter who it ends up being

as you point out its clear they are not up to date on Sunrise's activity and the current stage of the CS project