Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Agree with everything you say. From my point of view if someone had told me in the middle of January that we would be in March and the fuel depot crisis had resolved itself, we were about to hit commercial production any day, gold price would be £2170 and the mine running at 110% capacity then I would have been shocked to learn that our share price was still only 10p! We have alot of gains and catching up to do I believe! Great entry price down here surely
Well the current gold price is making an absolute mockery of our share price now! For example whats the NVP of Dugbe at these gold prices, it surely looks more and more attractive so a potential suitor I would have thought
If it's just 10 metres to go as stated by Dan in last interview then end of this month, and I think i'm being generous in giving 1 month. Even so now we are mining again after the fuel crisis and using the "lower grade" ore we are still making money at current gold price, the mill is working above name plate at 24 hours per day. As far as i'm concerned we are pretty mcuh being priced to go bust which I dont believe is the case. A lot of money to be made here with a small bit of patience.
Not sure if the plant is still running after 1 month of no fuel now. Yes it uses less fuel than mining but I dont think it would last more than 30 days. That is why the share price is so much lower than the recent placing I believe. If we can get an annnouncment confirming fuel is coming to the plant and mining can restart then I would expect a nice uptick in SP