Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
''Think you'll find plenty of high net worth individuals took part in the raise and
they will have seen more of the books and the mine than you have or are ever likely to have , lol '' Would you be one of them TB?
We are settling on the sea bed. They are now selling below 15p. a good story better be on it's way.
And when was it released.
'The Masons, have put their hard earned into it, who on here knows more than them '' NLR and he knows more than most. The Masons are very secretive.
''
the ability for Scotgold to continue as a going concern is entirely dependent on the quantity and grade of ore that is produced ''. Hmm, the same as every other mine in the world then.
229 ozs in 43 tonnes of concentrate for 300,000 pounds = 165 gms/tonne concentrate and £1320 per oz.
''Strip out the crap and what is the actual grade from the stuff that is actually being mined? '' But where do you draw the line?. If you strip out all the crap then you are mining pure gold. The reality of the situation is that the gold going through the mill is the grade,dilution included.
'but them lot,are average grade/or slightly above.....0.8/1.5% gold '' Can I take it you mean 0.8/1.5 gms per tonne?
''. No offence meant.'', none taken. I have been critical for years about how things have been done but I have always wanted the project to succeed. The people up there are working their a**es off. The grades have to be there,that has to be a given.Maybe, just maybe they might catch a break this time. But how often has that been said.
''I think the high grades do exist. But not in enough of a quantity to generate higher average grades. You will always have pockets of high grade and pockets of scrap. It's the overall grade that counts because it's the overall cost to mine that needs covered. Not just the cost of picking out pockets.'' ---------I am aware of how mining works Andrew. You seem to think the whole thing was/is a scam.What would be the point ?. My take on it is they are in over their heads without enough cash up front to see it through.Had they started with £50 million in the bag, the whole thing might be a roaring success.
''Where is the 11+ grade stuff??''.As I recall, last year when they were developing they were boasting about bringing out ore at 17 gms./tonne. I mentioned at the time that they were ripping out the low hanging fruit to keep going. So the high grades must exist.
''Ball park I think they need to produce about 10,000 OZ/year to break even at current POG '' We are away past the break even point here for to please anybody. If they do not up their game quickly it's finito.
''"the Board in their wisdom decided to hand out shares at "mates rates" of £1.30 or thereabouts."
The actual raise was set at £1.10 and the share price kept rising from when the price was set . looked a lot worse than it was'' For a new entrant you have done your homework already. rofl .
''Some on here seem to think I’m someone called Jason saint '' Well I thought it was because of you name Andrew as in Saint Andrew.
''Some years ago in the days of the Venetian curse,'' ahahahaha, RH yer a wag.
Instead of all this bickering, just sit back and wait.By the end of June the picture will be clear enough.