Member Info for condor_forever

With our current market cap of £40m and resource of 1.12m permitted, we are valued at £35 per oz. We have 2.4m oz gold and sitting on likely 5m.

Briefly looked into GGP, massively overvalued. I'd rather have 100% of proven gold over 30% of possible 10-20m. That's between 3-6m oz at at market cap of currently just shy of £300m. That's a joke compared to condor. Happy I'm invested here. We are so undervalued.

Nothing majorly new, just mentioning about the America permit. Clearing ground Q4.

https://m.youtube.com/watch?v=Kvqg2VSCzuA

I guess it's great to have so many options, I'm sure Mark will make the right choice for the shareholders. We ain't no one trick pony! I guess we've got enough gold to give calibre a bit to get us started.

Trying to get my head around this but too many variables to name.

I never really thought about the fact that we would technically be giving away some of our gold with a toll mining agreement, as part payment of using calibre's mine. I'm not sure what aisc would be when it comes to trucking etc, surely less than $690.

Calibre have a 2,000 tpd ball mill idle, which could produce 100,000 oz p.a. Let's say we use half of that and calibre produce 50,000oz of our gold and profit is $1000 (current gold price minus $690 aisc) and profit is split 50/50 (as a guess, no idea what the split would be, guess that could be what's holding this up or rather calibre would rather just buy us out). $500 profit x 50,000oz is $25m per annum.

I would rather go down the debt/equity route, at least then we wouldn't be giving calibre $25m of our own gold profit!

I think calibre need to start talking to rio pronto!

Cheers for that slippery1.

Was it fenners/fenebache? Something like that.

I wonder whether jibbo will ever come back to post. I remember him saying he wanted a break from posting. Can't fully remember whether he fully sold out but then bought back in again?

If you're out there jibbo, would be nice to hear from you. Hope you are doing well.

Hear hear. I know it's been a long slow drawn out process. I know some on here have slated mark but I've always been a fan of his. He has integrity, does things by the book and has kept his options open. He has always been responsive to my emails.

Can they get someone to bloody move the slides on! Jeez.

Goodbye 30's. You weren't around that long!

I really hope pat stays once he has broken even. He must have a decent sized holding after massively averaging down. As you say tester, some of us lth's hold a decent amount. I would like to buy more and probably will over the next 1-2 months. More than happy to buy with the price being higher, bought lots in the low to mid 20's. Some way, I'm glad I've had the opportunity to average down.

Good luck all holders.

I assume we never had an offer at the time?

I believe the webinar will be 'sent out' in a few days. If I get an email, I'll post it on here.

Surely we'll have an offer on the table this year.

Remember a few years ago for some weird reason we had to put ourselves 'up for sale', I wonder what ever happened then?

Yeah, I loved that quote. It makes sense really. Didn't think of it like that. Hope we get that 70/30 debt to equity, that would be great.

I wonder how much Randy's involvement has been with regards to the processing plant/sourcing 2nd hand mill/possible toll mining. I'm sure he can pull in some favours with his background!

This is the year guys!!!! Hold onto your hats.

Another insightful presentation and questions. I asked about how easy it would be to transition between a small and larger processing plant. Mark said it is possible, depends on the offers they've put in on a new plant but a hand 2nd mill has an option to process 3500tpd!

Interesting about toll mining if people are listening.

Thanks for the share. I'll try and attend that. Trying to think of some questions to ask, mark's been pretty vocal already recently and has answered a lot of my questions that I can think of.

Secrets are key to a good marriage.

At least you've both had chance to average down. I bought some late £1s and then averaged down a lot to get my average to 50p. I know we'll be well north of this. I sneak some more in now and then and tell her about it afterwards ;)

Great to see the steady rise. Surely it has to do with the recent promotion and investors are hopefully understanding that there won't be a massive dilution. Even talk of 70/30 ratio of debt to equity.

I'm curious, but having been invested for so long and well in the red, my wife won't let me invest anymore ha. Is anyone else in my boat or just me?

I don't think there is enough sentiment in junior gold stocks to get us to that valuation. Never know what will happen in the next 1-2 years.

Anyone any thoughts on what they expect value wise if we get bought out? Realistically, I would hope somewhere between £1.40-£1.80.