Member Info for Cornishknocker

For christ sake can you just throw away the shovel!

Screenshot it for posterity, the day you were a multi millionaire!

I think everyone now realises (even if they didn't before today) that the share price has risen 100 fold today but they now only own 1% of the shares they owned yesterday. So just enjoying seeing the +10,000% today even if it means nothing, other than the company moving onto its next phase and no longer being a penny stock.

The next big leg up (unfortunately it won't be another 10,000%!) Will be when production increases.

Following the loss of a stope due to a collapse in March, tge company is back up to 1 production stope with another in development, once that second stope comes on line we will see around a 70% increase in production, and will hit full production when a 3rd stope comes online probably in September/October.

Hopefully then by the end of the year, the mine will be in its full production maintaining state, which should be with 3 stopes in production, one ready for production and one in development at all times, this will then need to increase to 4 in production, 1 ready and 1 in development when the ore sorting comes on stream.

Just don't forget you'll only have 1% of the shares you have today, tomorrow

I had a look at the 2017 43101, they've used the same assumption on pricing and exchange rates as that report which is sound logic.

I couldn't agree more TBTT, we have 12 years of reserves AFTER DEPLETION from the last 4 years and resources tgat are frankly enormous.

This RNS will be the culmination of many months of work by the geology department at the mine. When they started it they would have agreed a metal price that they are working to. If they change that figure it would effectively mean having to start all over again and reassess every ore block.

Just to clarify the use of the word depleted in this RNS and why its been used.

The mine has a 43-101 resource model that is 4 years old, if you look at that data tgat is an undepleted model I.e. nothing has been mined since it was prepared, which is clearly rubbish.

As a depleted model I.e. After depletion of reserves (mining over the last 4 years), this is the current situation.

Ha ha, I seriously hope not, but if they do they need to think about whether investing in mining is for them.

What this is is a baseline.

With limited mining and exploration last year, the mine have been through all of the data from the previous resource estimate and all mining data since, effectively removing tge mined material (depleted material) from the reserves.

Following this years drilling a new 43-101 resource will be prepared- taking this years off if next years will firstly show how effective this years drilling campaign has been.

It's also worth bearing in mind both of those positions report to the chief mining engineer, so he would have written both adverts.

Email zoom@ramblermines.com

On jobs like this, where there is a limited pool of skilled and experienced people you really need to sell tgejob to get the best applicants.

That's correct tubbs

The last shipment into goodyears cove was in early February. The typical size ship that rambler use is around 7000t capacity

One thing with Rambler us the mill performance is excellent at around 96% for the copper.

So say we are processing 1350tpd @ 1.75% Cu, then tgats 23.625t of copper entering the mill,of which 22.68 tonnes comes out in concentrate. The remaining 0.95tonnes goes into the tailings pond, along with 1326 tonnes of waste material.

That makes the copper grade of the tailings pond 0.072% or 720g/tonne or every tonne of tailings is worth £7.20.

In other words it's not worth bothering with.

Historic mine would have been operating at around 50-60% recoveries on far higher grade ores (probably closer to 10%) so its a different equation.

You may enjoy this video made for the G7 summit: -

https://m.youtube.com/watch?v=w9KNR6DbZMw

Exactly the same happened with RMM yesterday, it had been down all day and all of the sudden there was a small UT at the close which took it blue.

Then today it's been around the same level as yesterday but as a result if tge UT its been showing a huge drop all day. Very strange.

Looking at some of the comments here, it looks like some people have no concept of the reality of the mining environment.

You can put a plan together in good faith, but until you blastvthat rock you don't know what you're going to be dealing with.

Delays in construction are well known, mining is no different.

I just don't have the time or inclination to keep writing the same information, I comment when there's something to comment on.

Don't forget Peru is one of the world's big tin producers