Member Info for bonker99

Yup - just a matter of time now .......

Talking of big ones.

I updated my NPV10 model for Carlow's 700k oz Gold equivalent last night for a 10 year LoM pumping out 70k oz pa, $200m CAPEX, AISC of $1,750 and derived a firesale value of c£95m / 2.5p - double that at DFS stage.

Not bad when you're at 0.45p and you haven't even started your latest drill campaign.

It's not Russia's war ;)

Actually I don't hold that much physical Gold/Silver anymore - I offed a bunch to help fund the FRES/MKA et al buys as the "market" hadn't moved them yet but it was obviously going to happen.

Think of it as an accumulator bet, all based in the same/similar space but via different instruments as one slowed and the other was about to take off.

The third bet is the big one though as an accy betting fan knows .......................

Sounds fair enough but as anyone with more than 5 minutes experience in this game knows - when you go from one problem to multiple problems in the same space then you're an idiot not to assume the worst when it comes to your own money, especially when the company are so slow to inform the market allowing others to exit perhaps prior to reality hitting home.

Morning.

Still going then - recent headlines of a new copper deficit in 2026 won't be hurting.

We currently have 60,000 tons of Copper but I imagine we'll have more than that by next year.

"Here's what the Intl #Copper Study Group has forecast after its meeting yesterday: a surplus of about 178,000 tonnes for 2025, slightly lower than April estimate, and a deficit of about 150,000 tonnes in 2026, from a 209,000-tonne-surplus forecast in April."

https://x.com/AndreaHotter/status/1975943331281871337

Interesting games - something en route ...

FRES's Descending Wedge chart was identical to the chart here when I piled in at a fiver - then you just wait and let it run its course whilst taking no notice of the daily moves - fundamentals will win out in the end as they always do.

Looking perky again.

Not to show off but for perspective:

I've got 10m - thanks FRES.

I did say half :)

Monsters!

Sure and there's nothing clever about it - there's no problem going with a junior explorer at a microcap on a big punt but if it's already got a £10m+ mcap then you'll be wanting to see what's underpinning that valuation cos hot air ain't gonna do it and maybe you're fkd if they get dusters.

Management counts too of course - as always - and these guys have a very experienced and "lucky" guy in JH leading the campaign.

Fingers crossed they can get even half of the targeted 3-5m ounces - we'll still 10x here even at that number.

It's about to become the new support ;)

If they can manage 300k oz pa for ten years he may be right.

I don't care whether it's soon or not mate but that's always been my best strength ;)

There will only ever be so many shares available at 1/2 what Carlow alone is already worth - placees will of course flip *some* but it won't be all of them, that's for sure.

Full gas is one of the things it's waiting for to reach the numbers I've mentioned - I can't go higher without froth or some other factor like Neodymium shooting up again which would wipe out all of those numbers again.

Not much use in the ground and getting it out appears to be the sticking point so far.

Still interested here but want lower.

45p / our share of course.