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IF that is our ship then last month was a good month producing around 700t of copper
You've been skating since 79? Sorry that's not a middle age skater, that's a bleddy geriatric skater! ;-)
I must confess I didn't notice anyone matching tgat description, so it must have been Marc2!
I'm assuming it's your dog that sniffed me out then!
Thanks anyway, the funny thing is I think both you and Marc2 spoke to me and I had a wry smile when someone pretty much asked one of the two of you if you were me!
I'm assuming you were referring to certain ex crofty miner
I think you got the wrong person ;-)
Cheers Southwesterner, you'll have to come Introduce yourself one day
I really believe in the Rambler Project and will be staying invested and watching, good luck to all of, you are generally (a couple of exceptions) a great bunch.
Just to let everyone know before I disappear, I won't be commenting any more on this site.
I have taken a job with Cornish Metals as a Project Manager, working back in the industry, I don't want to find myself in a position where I say something I shouldn't.
Just to let everyone know before I disappear, I won't be commenting any more on this site.
I have taken a job with Cornish Metals as a Project Manager, working back in the industry, I don't want to find myself in a position where I say something I shouldn't.
Would you like to explain that comment in English ease?
Another 50,000 shares for TB, now that's getting interesting.....
Linking share price to bonusses? Especially AIM would lead to disastrously run companies, decisions would be made on short term interests as opposed to long term growth.
Reading the posts on here you could get confused into thinking that the management are running a share price not a mine.
The long term interests of the mine are the same as the long term interests of the share price.
The moment management start making decisions to inflate the share price in the short term, they will be working against the long term interests.
You get the mine right, the share price will follow. I have 100% confidence in what the management are doing.
Also another point, its just about 12 months ago that we learnt of a stope collapse.
That stope collapse would not have happened if sufficient ground support was in place.
In short the lesson has been learnt.
I'm reading a book at the moment on Great Wheal Vor (that's where Cornish Tin are currently drilling), on the subject of high grade ore: -
"Larger profitable mines would leave high grade zones (the eyes) at times of high prices and would come back to mine them in harder times, in a process known as picking the eyes out"
I believe you will find we have a profitable mine.
Here's a challenge, find me a cone crusher that won't break if a lump of trump iron gets into it - its not because of poor reliability, its a matter of physics, to paraphrase Scotty "You cannae change the laws of physics Jim". The issue was availability of standby/spares, which is a hangoverr from the perilous cash position.
Indeed and also showed a complete ignorance of the effect that a major accident has, in terms of lost production in the immediate aftermath, lower staff morale, potential legal action and direct losses from fines and compensation.
Its impressive, this is an award for THE SAFEST METAL MINE in Canada. That this award has been won at a time when the mine has been seriously cash constrained with a lot of new staff makes it even more impressive, as this is the time when the accident risk is at its highest.
If you took a conservative estimate of $3/lb AiSC, that would give a $1.50/lb margin. 7000t x 2200 = 14.4million lb = $23.1 million Operating cashflow. Its best that you decide what value that would attribute to the company, but I would argue that double or even triple the current valuation would be good value.