Member Info for cristalball

Placing - not looking at the moment - will start talking to IIs to develop the mine Next few weeks - update on drill results - general exploration update Production - partner looking for feed stock - need to undertake some further drilling - cut out capex / cut out infrastructure - not going to take years. - relatively short lead time

The target resource is between 50mt and 70mt so assuming a 60mt mid point. Resource valuation: Ore body area = 60,000,000t. Cu @ 0.65% = 390,000 t. ( x 2,204.62 ) = 859,801,800 lb of Cu @ $2.11 = $1,814,181,798 Au @ 1 g/t = 60,000,000 g. (div by 34.285) = 1,750,036 oz of Au @$1,300 = $2,275,047,397 Total value of resource (in situ) $4,089,229,195 So $4bn of resource in the ground, shallow pit , cheap to extract and agreements in place In comparison the resource value for SOLG's Cascabel Alpala resource is $12bn (so 3 x ) - but that’s block caving and needs $5bn upfront capital to extract. Their MC is currently £170m. Er….

released after lunch.

That's not untypical with microcaps I guess ... but I trust the judgement of MC more to be honest . The guy knows his stuff and is well connected . Sit tight , this could be the SOLG of 2017

Churchouse has a chunky holding here and he is no mug.

I know there is history with this company but the current target looks like a different beast Open pit Extensive mineralisation Good grades Agreement to mine in place El bargaino to me

Has anyone seen one ?

the question is - do you want to be a tiny mining company or a larger one. They chose the latter.

usual pattern emerges with some folks not wanting to go through it, thus the selling off. i would imagine we will see a bounce similar to VAL post consol. then the funding question will be resolved and the drill plan to prove up the JORC.

series of buys coming in. any weekend coverage or just usual clever money :-)

Indeed - i think Ludin will be looking for a huge asset now on the cheap (to get near term revenues) after their large impairment in H1) ... so we may get interest via Martyn's connections. Exciting times. got a couple of million and will hold for the pay day.

The good thing with the shallow resource is the speed of drilling , you hit the mineralisation early and only need to go a couple of hundred meters . They can then get lots more drill holes completed quickly to get the JORC status . I am going to ask the company to clarify the wording of the MoU with RMG , if it really is as good as it sounds , it's fill yer boots time for me

Guys , just to clarify my understanding the deal we are entering with RMG , means they will mine the ore and we, in essence, just a need to point them at the targets ? Production and Processing ����� MoU signed with RMG, whereby RMG will mine and or process ore generated by Noricum Gold, subject to certain conditions, via existing processing infrastructure�owned and operated by RMG

Morning Monty , moving up nicely , it doesn't need decimal place cock ups :-)

Wow - some chunky buys showing up now

eh? you know what i mean. those were buys though.

Wow - i paid 1.49 so i would imagine those 3 large trades are Buys.

agreed, i don't think it is unreasonable to see £50m-£100m on the RNS stating production and securing a revenue stream. Once the herd pile in,twitter wake up and people wake up the the size and scale.... who knows. at that point you could see an II or PE house take a stake. Game on!

Ok, so based on the soviet resource estimate. (sticking to 0.6%Cu) 2,160,527,600 Lbs Cu $2.1 $4,558,713,236 7,100,000 Oz Au $1,300.0 $9,230,000,000 22,000,000 Oz Ag $19.7 $432,960,000 $14,221,673,236 $14.2bn in situ. a self funding monster

doubled up to take another 1m shares @1.45p. the upside here looks huge.