George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
09:29
When we drilled last year, the BOD had a good idea what to expect but not until we actually drilled we knew the actual results. Targets for the flow test were based at that time but things have changed during the months of 2013 as for reasons already stated and the decision was made to concentrate on the two targets to get the best results for the flow test. Don't forget after the flow test, assuming all goes well, we will do more work on all the targets.
04:00
Thank you for your reply. A couple of points below, the way I see it:
Certified says oil is there - needs flow testing to prove it can be released. Not doing a flow test on a certified resource is stupid. Once it’s capped to do the flow tests higher up, the opportunity is lost. Ask yourself why they would do that - what was the porosity. Is it up or down dip from panr. You should be very concerned that first they stopped and didn’t drill all planned reservoirs, then drilled the bFF at considerable cost then failed to do a flow test - not sure but I understand we have the best chance of a positive result test the upper levels. It might be down to different types of rocks etc. But I feel comfortable with their decision as they know a lot more than I do.
88e is now diversifying to Nambia and making sure it has sufficient wells in longhorn to pay inflated wages. Why? - a great time to get into that area early. Longhorn we are trying to develop this area. I don't believe it's about wages.
We have diluted 3 times this year and now they are talking consolidation. Aus share price is .004 it was 04 during Merlin2. - two of these dilutions are to pay for Namibia (some of the costs) and cover possible default from our JV partner.
11:00
Are you not reading the RNS that came out on the 6th November. It said the BFF has been independently certified by NSAI and it is now being classed as a confirmed discovery.
We are concentrating on the SMD and SFS.
Hope this helps you.
From what I understand, we will be flow testing in February and results coming in March. In my opinion we have a potential for our best results to date. We have the great help from the BOD of PANR. My target price is 1p/1.5p.
2024 has the potential to be our best yet considering our other projects as well.
And the very same to you and all.
I actually think AG and his team have done really good this year and I can’t see reason why they can’t continue next year. In fact I think AG has done well since taking up his roll as MD.