Member Info for bonker99

https://www.zerohedge.com/commodities/gold-demand-surges-first-quarter

Yeah I'll have 1/2m @ 20p tvm.

Dugbe is sellable at very many multiples of that £14m at $1,900 Gold once they drop the DFS.

Looking forward to the new mine plan/NPV with an extra 1m oz of Gold being taken into account.

Chunky late trades.

Dugbe sposed to be "before May" so that'll be tomorrow then :)

A lower AISC in this environment takes some doing ...

Hey.

Yup - I saw all that this week :)

My use car went up in value by £300 this week though so we're not quite at the collapse yet - I'm guessing they'll save that for after the US mid-terms in November but it's going to be a biggy when it comes.

Got Gold?

No pain - just trying to provoke the spivs into dropping her ;)

Are they going to drop this to mid-teens then or not? ;)

Inflation in Germany continues to rise, jumps to 7.4% in April - a 40-year high

There's >3m oz of Gold here ;) ;)

Trend is your friend (up and down).

That 45p rating looks to be right on the money to my eye.

It was expected - just picked up a few more shares here and some more gold coins.

Boom:

US Q1 GDP -1.4%, Exp. 1.0%

FYI - the Mali rainy season starts in June but most of the rain is in July/August so no reason for that to impact on Q2 numbers.

Interesting spread :)

Yes but I doubt you'll get it.

@PB007 - guess again.

Afternoon.

I'm sure things will change once the game-changing DFS drops in the coming weeks - in the meantime if you're a buyer then you don't want the price to go up surely?

Hear you on the 2050 thing but the final multiple isn't the point of course other than to point out that supply would have to double from the current amount and that amount would need to be added every year for the next 25-30 years to meet demand.

Given that China has complete control over 90% of the Rare Earths supply and is moving faster than anyone else towards full green energy and no oil reliance then, clearly, you could have quite the desperate grab at anyone who has a good-looking Rare Earths project on the go outside of China, especially once all the numbers are laid out in a DFS cos that's when the bids/money can and will come in, not before. Moreover, nobody wants Rare Earths mines in their own backyard cos it's a dirty business.

Given the World right now, China could pull the plug anytime they like.

The SP will go up when the money guys want to sell - not before - drops are for buying ...

"The report estimates that to meet its clean energy goals, Europe will require 35 times more lithium and ***seven to 26 times the amount of rare earth metals*** in 2050 compared with today. It will also need 1.5mn tonnes of copper (an increase of 35 per cent from today) and 400,000 tonnes of nickel (a 100 per cent increase)."

https://www.ft.com/content/72400b96-4c67-4a7f-9a98-53371f5ab421

US GDP now down to +0.4% apparently and that's with 20% real-world inflation ffs.

Real tears around Q4/Q1 I suspect - possibly sooner.