Member Info for condor_forever

Cheers cambells. Here is the link. https://m.youtube.com/watch?v=TGeTiqSrIFQ 40 mins but worth a listen if you have time. Like I've said before, mako rushed to decision to build the mine. They are producing, the current mine life is short due to the small resource.

Condor have been more methodical, we have a much bigger reserve. The CEO at mako talks about the fact their vein they are currently open pit mining is only just over 1m thick! Grade is high but very specific mining to target it. Makes you realise that our vein just a la India is much better. Let's not forget as well that we had mako's land package but decided to get rid of it.

We've taken out time, but let's not forget how we started. We did a great deal to swap a small land package near la libertad with b2 gold to acquire la India. Since then, I'm not entirely sure what b2gold or calibre have done with that land package, I'm not entirely sure of they have even drilled more of it or produced from it.

We are different to pur though. We have very good high grade near surface, within 35m. Not looked at pure for a while but believe their initial grade hasn't been as good and other issues (which any new producer could have). Once we drilled on mestiza, our grade will be even better. That along with the northern and southern mini starter pits will be going through the mill first.

I would be glad to be somewhere between £1-£1.30 at start of production.

You make some valid points seingred.

However, they have jused raised $300m usd. We need a third of that. They will therefore have more debt. They are valued at that prior to production. Although in Canada, their project there looks small with only 700,000oz and very low grade at around 1g/t. How economical will that be?

Agree, it would be best to be bought out.

When you look at other companies that are at our stage, so many have their financing in place and secured. Are we stalling for someone to buy us out once we have completed all the studies and bought the land? Or have we still got time as all our studies are not completed yet and we haven't concrete numbers?

Cheers Nero. A stark reminder why we are invested here. I haven't time now, but the company Frank mentions about merged to become aris gold. Pretty easy to go on their website and watch a 2 min video and look at their recent presentation. They have a small open pit near surface mine already in production but raised around $270m usd to go deeper and I crease to 165,000 oz per annum at usd 880 per ounce. They have around 4m measured and indicated. They are currently worth around £188m. Construction to start mid 2021 and aim to ramp up to 165,000 2023.

Some good numbers for comparison there.

I agree to a point with tester that I can't see any big news in the next few months that is going to make this share sky rocket but I am not selling in the off chance an offer comes in once we have completed all the studies and bought the last bit of land.

I'm hoping the land will be bought pre-election.

Impressive grades there.

https://www.calibremining.com/investors/presentations/

Maybe looking too much into this. Have a look on the link and look at calibre's recent presentation dated the 8th April. Go to page 11 and look at their recent concessions along the tectonic plate (where we are sitting nicely in). Calibre have bought a concession of 140 square km that looks very close to la India, just north west of us. It is hard to know how close it is to us or whether it is close to Limon.

You could look at it in 2 ways. One, they know we are positioned in a great area, hence buying land around us. Secondly, they put an offer in on us.

They talk about finding the next 5m oz deposit. Well hello, you don't have to search far for that!!!!

Sorry, my last sentence didn't make much sense. I mean't to say a toll milling agreement would come across less negative to the locals.

This is just my thought. If we announced a toll milling without anything 'happening on the ground', then maybe certain locals would be angered by trucks coming in from another mining company taking the gold out the ground without any benefit to the locals.

Could it be that once we start getting parts onsite and showing the locals we are building a processing plant which will require hands on deck and jobs to the locals, would a toll milling agreement be more likely to come across as negative to certain locals?

Cheers cambells. Get all our studies done Mark, buy the rest of the land and sell us to first majestic or rio/calibre.

Cheers EL. I've been watching kitco news on YouTube. Here's a new vid. https://m.youtube.com/watch?v=HLVAqkdS9lM

All looking promising. Will this potential rise play into a toll milling agreement? Who knows.

Ha baldmark. My timing has been rubbish as well. This will come good in time. The only icing on the cake is whether Mark can get a good deal on the % of debt to gold loan to equity. Let's hope a toll milling agreement can assist in this as well.

To be fair slim, Mark doesn't pay himself a huge wage, very low 6 figures from memory, which for a CEO of a aim company is very reasonable in my eyes. At least we haven't got a massive board to be paying big salaries.

Whilst we are on the topic of the gold price doing so well, anyone know of any of mid sized producing goldies worth looking at?

I agree tester. Can't see any short term catalyst. I remember listening back to the share talk chat back in Feb and Mark suggesting a potential re-rate once we have a processing plant/mill confirmed. I know the sag mill is just one part but look what that has done to the shareprice, nothing.

I can see further delays. I'm not selling any, willing to wait that bit longer.

May invest a little into equinox.

At least gold is looking stronger. Shame we can't totally benefit from it at this point. Get that toll deal signed.

Come on first majestic silver, just put a reasonable offer on the table and let's be done with it. I'll happily take £1 at this rate.

Just listened to it the once. Had 3 offers for finance whilst at the gold Forum. Will aim to make a decision on finance within 6 months.

Downside is the time it is taking. I was hoping construction would have started late summer. Our permits were initially granted August 2018. We were given 18 months to get to the start of construction and look where we still are.

Fast track to production?! This is not fast track in my eyes. Only way to fast track would be toll milling but no mention.

https://www.goldforum.live/DGG/Condor-Gold?bmid=85df432d6e7d

Not sure. Got a feeling Mark is presenting today or tomorrow. They are only 15 min time slots per presentation so not great and doubt much time for questions.