Member Info for aprogerson

@SMkr please take a look at my prior posts, but for simplicity

gold recovered per day = 50% gravity recovery *(200t/day *1.6g/t ) / 31.1 = 5.1oz/day

... and before you then take that and multiply by $POG don't forget transport and processing costs which my best guess is 40-50% of that

ATB APR

@ID78 Just throwing some numbers at this to get a sense of what is reasonable given what we know:

>OMCO tailings = 31,000 tons at 1.6g/ton gold (lets ignore silver)

> Gravity separation = 50% recovery and a further 30% maybe 35% can be recovered via Stage 2 leaching

>Commissioning at 35tons/day throughput

> Production at 200tons/day throughput

> Assume gold sale price @$2,300

> Assume toll processing & transport = 35% of revenue

Sum gold ounces recoverable = 31,000 *(1.6g/31.1)oz *50% = approx. 800oz via Stage 1 gravity

Sum £revenue = 800oz *$2,300/1.2 = £1.53m

Profit = circa £1m after assumed 35% costs or £530k (given it is a start-up so probably slow and/or costly)

Throughput 200tons/day = 4,400 tons/month operating 5days/week or 22days/month

Time to process = 31,000/4,400 = 7 months to process

Profit/month = £1m/ 7 months = £143k/month

If we assume it takes them 5 months to commission and upgrade to 200tons/day then can be done in 1 year delivering £1m profit versus £2.35m MCap. If it took £500k to upgrade to Stage 2 leaching then "depleted" 31k ore can then be run through to recover 30+% of original gold or roughly another £600k profit, but could be higher as transport costs would be negligible and/or leaching recovery is higher.

All my simple musings

ATB APR

@TakeNoRisk "if you check back on historical posts you will clearly see that Lantier, Fulmar and Seis are part of a paid ramping gang who consistently post outright lies and irrelevant garbage designed to lure unaware novices into investing in this most speculative of AIM shares. If you dont believe that then simply look at their posts around a week before the placing where the insistence was that there was no need for a placing and indeed it was backed up by assertions from the Ramping gang that they had it from the horses mouth that no placing was needed."

Still delusional I see ... at least you are consistent!

ATB APR

@Ken, very surprised unless GUN have something else lined up that will blow our socks off?

ATB APR

Final results are now out and I must say I am now very positive about GWMO prospects given:

> Production JV in place ready to operate subject to final licence

> Copper prospects in West Huntoon now look very good subject to drilling to prove up

> Olympic licences now 100% owned by GWMO

> Extraction licences for "mining" historic spoil heaps now confirmed, along with access roads established and JV ready to operate

We just need that Environmental licence and all systems are go!

ATB APR

@Travelcard Thanks for your suggestion "Call me the voice of reason" ... I haven't laughed so much and so hard in ages!

ATB APR

Ditto Lantier

ATB APR

@Simon We have had to listen to TNRs incessant ramblings for so long it is nice to have other posters brave enough to post something/anything in the face of their coordinated de-ramping over many many months.

You keep going Jarv !

ATB APR

Quarterly report issued 24-Apr-24 following West Arunta update on 22-Apr-24 has some very good updates and good cash position given exploration works now well underway across its licence areas:

HIGHLIGHTS

WEST ARUNTA PROJECT

 The first diamond hole 24WADD001, completed at the Pokali IOCG Prospect, intercepted three main zones of

copper sulphide mineralisation over a downhole interval from 130m to 550m.

 Preliminary pXRF1 analysis confirmed the presence of elevated copper mineralisation within these main zones

with semi-quantitative results returning spot grades up to 7.21% Cu.

 Reverse circulation drilling is set commence from 23 April 2024.

 Ground gravity and passive seismic surveys were completed delineating several new targets including the

bullseye ‘Avalon’ Carbonatite-Nb-REE/IOCG-Cu-Au gravity target.

 Subsequent to the period, the second diamond hole 24WADD002 commenced at Pokali East.

 Subsequent to the period, a dipole-dipole inversive polarisation (DDIP) survey commenced at Pokali.

LAVERTON

 Independent consultant Resource Potentials completed a geophysical and GIS-based desktop study on the gold

exploration potential of the Laverton Gold Project in September 2023.

 Based on the independent study report, the Company is developing a new gold exploration strategy for Laverton

which, facing a rising gold price, is likely to implement from Q3 2024.

 Details of the exploration strategy are being finalised and the Company will inform the market in due course.

CORPORATE

 The Company completed an oversubscribed Placement to raise $1.43M (before costs).

 Cash balance at the end of the quarter was $2.14M.

Rincon's SP was A$0.03 before the announcement last Monday and today is A$0.086 today a week later having briefly hit A$0.10 overnight in Aussie.

The SP 3 weeks ago was A$0.024 so yes up circa 400% in 3 weeks low intraday high overnight.

ATB APR

THis was driven by Rincon Resources (RCR) announcement of gravity anolmaly at tehir West Arunta licence area on 22-Apr and RCR response to query by ASX surrounding large change in price and volume since the announcement.

About time though and shame about GUNs timing on the disposal

ATB APR

https://www.rinconresources.com.au/asx-announcements/

@Chsler I just love Andrew McGuire been watching his LFTV podcasts for 2-3 years now

ATB APR

Really good news that final $180k to fully acquire the OMCO licences has now been concluded. This allows the OMCO tailings to be reprocessed via the processing JV.

ATB APR

@GTMufo Its Spring in Nevada ... you have to wait for October for winter to start unless you are confusing GWMO with some other company?

ATB APR

· IP and resistivity surveys are currently being carried out at the West Huntoon copper porphyry prospect and the M5 gold-silver-copper prospect, following successful field exploration in 2023.

· Surveys will provide information about the subsurface for drill targeting at both prospects.

· Both surveys are expected to be completed during April.

Good news %holdings by SpreadEx have dropped from 3.9% to 2.9%

ATB APR

Placatory RNS and bottom line:

> talking to everyone involved at Kor & hope to resolve soonest, but nothing mentioned about what was discussed, by whom or anything declared as resolved/agreed

> currently Kor using up ore stockpiles as processing plant unaffected, but nothing about how long stockpiles will last at current run rate

> Commercial production at Kor delayed ... no surprise there then

Nothing about Yan so assuming still on target for 90k gold/annum

ATB APR

@eafster GWMO are an EXPLORER so they prospect on their licences for valuable minerals and target the most prospective spots informed by geoPhysics, soil surveys, airborne surveys and good old "boots on teh ground" plus drilling once they have done everything else. If they are lucky they find something and if they are super-lucky what they find is commercial.

Explorers by definition do exploring so (usually) have no revenue so have to issue new shares to raise capital to continue in operation which is what GWMO have been doing since 2016. GWMO PIs have been diluted after each capital raise so GWMO have invested in a processing JV to generate some revenue off of their historic spoil heaps going forward which (should) reduce the need for capital raises.

Junior explorers are very high risk and GWMO is no different in that respect

ATB APR

@GTMufo Read the RNS .. they are NOT drilling

ATB APR

@Bebeto I just hope GCAT pull their collective finger out and get this resolved. Having gold at ATH and this share suspended is just bonkers

ATB APR