Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
''Had tb sold out as he knows what’s coming?'' Well he had a lot to sell, the 600 000 sold the other week would be a fraction of what he had.
Cheers RH.As for Beni, got slowed down a wee bit due to moving house but back up to speed.1 week at the end of Aug,16 days in Oct,and 10 days early in Dec. I think I like the place.
''No sympathy as he came on here looking for trouble a few weeks ago. '' ahem, you mean 10+ years ago.
H1 production was 2314 ozs. This was from 437 tonnes of concentrate.Therefore 2315/437 =5.3 ozs gold per tonne of concentrate.
''So call it 3000t at 10% for easy calculation 3000@10% gold ?? '' So, 3000 tonnes x 10 gms/ tonne =30000 gms of gold divided by 31.1 = 965 ozs.
''Also, in tyndrum today, no sign of TB. Either busy hoovering or mining.''. He may be suffering a serious illness or worse.In the 12 years on the boards he was not one for holding his tongue.
Q2 2023 gold concentrate shipments totalled 269 tonnes with a sales value of £2.0m and H1 2023 gold concentrate shipments totalled 437 tonnes with a sales value of £3.5m.
Who is the bathead who said we are exporting 5 ozs/ tonne?.We exported 4.8 oz per tonne in the first quarter which went up to 8 oz/ tonne for the first half of the year, George, read the r n s.. SG is a crock of dung purely because of mismanagement.
Andrew, it was always called gold eq. and has been from the beginning It is very common in the industry. It's the same in the oil business,they talk about barrels/day eq. which means the oil price and the gas price rounded up as oil.
George, the concentrate carried to Europe is about 5 troy ounces/tonne.Who the f**k is going to steal that?.Why send it to Europe you ask?.Well they use extraction methods not allowed here. Where is the silver? Well they use the gold equivalent value ie rounded up in value as if it were all gold.They are not giving it away. They are not thieves,they are just amateurs playing at gold mining.
TB or not TB?.This is the thing that bothers me.He gave out advice all for free and now he's buzzed off like a wee bumblebee. 🐝🐝🐝
Now I am really discombobulated😅
. discombobulating.? your confusing me.
Selling price is now 13p.The people hoodwinked into buying a fortnight ago must be ragin'.
The master plan was to make loadsa money, it didn't happen. Nat king Cole must be sorry he ever came across this place.However all is not lost if the gold is actually there.It's not outer Mongolia and with the capital put in it should pay off.But not for us mere mortals. Will there be another mine?. I really don't see it.
''On the other hand are the directors the type of guys who will just shrug their shoulders ?''. No but they might be the guys with the deep pockets who buy the ashes of SG for a pittance and start again.They did not become wealthy by being stupid.
Long term plans cost money which they do not have and have lost all goodwill to raise any worthwhile amount. IMO the jig is up and SG will go into liquidation. If somebody with deep pockets buys it for a quid and no debt then it should make money. Cononish is not a hard place to mine.The above scenario means a total loss for all previous investors.Such is life, tis a hard world.
''The company should be tapping the Scottish government for help '' They should change their name to Connonish Ferrybuilder and they will get millions.
''.jam tomorrow for Baz! '' RH, I thought that Maybenot post would attract your attention. As you know Connonish hes been drilled to death and no a wee nugget to be found just the flour gold.I agree it is down to poor management. If they had had the correct amount of money at the start and people who knew what they were about then Cononish would have been a gold mine. tut tut.Instead they have played catch up.