Member Info for DeathStranding

Wow, €4 million, that's a lot of money to burn through and not have any new resource ounces.

So just ignore basic economics and carry on talking about mines? Very good.

Current gold price is $64 per gram, so 0.5 g is $32. You don't believe me that it's refractory gold even though the company says it is, so just for your benefit let's assume at those grades a very very best case of 70% recovery, so the rock is worth $22 per tonne.

You really think in Ireland and at today's energy costs, even if you could get such a super pit permitted, you could mine, crush quartz, process (using expensive biox processing & cyanidation) and elute gold, and payback high capital costs (for what would need to be a very high tonnage operation) and still get a return for the owners?

It's simple economics, that's why they have cut off grades and in this area it is apparently 1 g/t. Never mind the impossibility of getting such a thing permitted.

No mines are being built on these grades.

Cut off grade at Clontibret is 1 g/t, why should it be less at Clay Lake? 0.5 g/t of refractory gold, no chance. Need to find higher grade and no indication that they have a plan for that.

Certainly seems like something is brewing. But 40 bagger? Give me a break. Based on what? Same rampers said the same thing 2 years ago and what happened....? Would be nice to at least see it back in the 30s and therefore parity with the JV investment value but that alone is a big rise and will take some news of proper progress, not more "discoveries".

You'll be hoping they haven't been drilling since Feb with no reportable results!

Just theories to avoid the simplest explanation.

Companies don't publish all their data, they only have an obligation to disclose price sensitive information, anything else is optional depending how transparent they want to be with shareholders. CGNR have reported some results this year, the presumption should be that those are the highlights. Most exploration fails, and as has been asserted on here by some, this company has reverted to exploration rather than development. A low success rate is the industry norm.

Your premise that validatory data is being suppressed is incorrect. The directors are legally bound to release price sensitive information without delay. Therefore the assumption until there is news has to be that there are no material changes, positive or negative. Clearly Demir are invested in the venture, but on what's been announced so far there are no indications that their investment has returned exploration success. Hence the market cap being well below the financial value of the JV - so far the value added to CGNR by the JV investment is nil. No ounces have been added to the resource base.

Sure seems to be that simple, rather than actually doing what they said they would do, hence the market cap just around half the financial value of the jv. Wednesdays are always good.

"refractory extraction".... "nothing to do with grade".... what are you even talking about? It has everything to do with grade....and costs.....oh, and permitting of a refractory gold plant.

I agree it is not feasibility stage troajan.....more drilling is required to prove up resource...... which is not being done..... so why did the company say it was going to develop Clontibret if it is not development ready...... and why does the Chairman say Clontibret could produce 20,000 ounces a year quite easily..... when it is not even feasibility stage, as you quite rightly say......?????

Fairview perhaps you could tell us about Demir's track record in gold exploration success and development of refractory gold projects...??

The facts are not as attractive as the hype.

About 40% of the Clontibret resource is still in Inferred category so significant additional drilling is required to upgrade it so that it can be included in a feasibility study. To date there is no feasibility study therefore no basis to assume there will ever be a mine there. Long way to go on that one.

The repeated reference by the company to only being 20% of the target is trying to convince people the other 80% is equally endowed with mineralization. There is no basis for such an assumption. If there was, the company should be proving it up instead of just talking about it in every single interview.

Clontibret's average resource grade is 2 g/t. The latest Clay Lake drilling results average 1.2 g/t. Clay Lake so far looks lower grade than Clontibret, which is already low grade for a refractory gold deposit.

No indication from published results that the size extent of Clay Lake is any greater than Clontibret.

Tru market cap now only C$3.3 million.

Creenkill drill results were not very good and evidently they are not drilling it now so can't be that interesting. Just another occurrence on the list that remains unproven.

They have 20ppb in soils (background levels in the gold industry) and drilled grades even lower than Clontibret - which evidently is not being developed, the reasons for which have not been disclosed to investors. They will need a lot more than that to convince investors it is any good.

Simply put if it's so great it would be in an RNS. It's not.