Member Info for condor_forever

Good man connect.

£100 for a charity connect? If no toll milling by the end of this year I'll donate £100 to your chosen charity and vice versa for you?

Fair enough rr.

Hmmm, what about a charity wager on toll milling or not..

Has anyone on here considered investing in calibre as well?

Seingred, yeah, hoping somewhere between 180-200,000 shares in issue.

Good points EL. Calibre currently have $53m cash. We'll have some debt, hard to know exactly at present, probably 60% of roughly $90m.

I know there is more to valuing a mining company than this but here is an overly simplistic comparison of profit from annual production.

Calibre aiming 180,000oz this year with average aisc of roughly $1,100. Let's say gold price is $1700 per oz, calibre will make $108m profit.

Once in production, I believe with our great grade, we should hit the top end of our target, 100,000oz in the early stages. With the same gold price at $1700 and our aisc of $690, that gives us $101m of profit.

Not bad eh?! Calibre current market cap is £300m.

This is without a toll agreement.

These are the shares for the mill. Taken from the sag mill purchase rns:

Application has been made for admission of the Consideration Shares to trading on AIM ("Admission"). Following Admission, the Company will have 134,824,179 ordinary shares of 20p each

The buyer, I can't remember the last time I got super excited by an rns. I was reasonably excited about the announcement of the sag mill, but that on its own was little benefit to the shareprice.

It's really hard to tell about whether a toll will go ahead. There could be other factors that may be delaying it. For example, we are building access roads at present. Maybe they would struggle to get to the ore at present unt these roads were sorted? I guess you could argue if you can get a drill rig onsite, you should be able to get to the ore. Maybe they need to clear the land. Maybe they are waiting on the current infill drill rigs to get a better picture of our exact grades before mixing in with the ore from calibres other locations? Maybe now that we have secured a sag mill, calibre may look at us differently and realise they can't buy us cheaply? Calibre have made comment to possible toll milling. I hope it is still on the cards.

Let's not forget about completion of the financing. The market should respond positively once the money has all been finalised and we are 100% derisked. Mako's shareprice raised x 3 once finance was sorted.

He said he's got a meeting with I think the minister of energy and mines later this week and have a feeling he could be there next week. Think he said he'll be in Nicaragua for 2 weeks.

Mark mentioned that they will be training up 112 I assume most if not all locals in the next few weeks to be able to assist in the construction phase. I'm pretty sure we'll be transporting them to a local either college/University to train them up in the likes of dealing with the movement of the parts of the processing plant and train them how to drive 30-40 tonne trucks etc. All looking good.

The majority of them a certain land packages around la India. It's in one of their slides on their presentation. We have a couple scattered about, one near the Eastern borosi District. We've not done anything with that. Always thought it could be a good bargaining chip with calibre but looks like we don't need a bargaining chip ;)

No idea in numbers. Did you watch it all tester?

I asked about the elections. The policy for mining is set, there will be no change. The political situation will not change anything for gold mining companies, straight from the minister.

Exactly, once closer to production we should be valued between mako and calibre.

Minister Oquist loves a good chat!

Yes, for a good few years. They are exploring as well. They are only at 500tpd at present but scope to increase to 1000tpd. Their grade is better than ours. They are looking at 50,000 oz per annum.