Member Info for DeathStranding

See ADT1 announcement today for an informative step out drilling announcement. Lets investors see where holes and intersections are relative to the known resource and to each other on sections. Very transparent reporting.
None of that over here at CGNR.

Loan conversion announced this morning.
Parkez, there's very little known about Demir, not even their financial capacity since there are no published accounts. They don't have any experience in this type of gold development project and they are certainly no "major". However skepticism around Demir on this channel has continuously been met with derision.

Amused to follow fairview's transition from Demir being the undisputable experts to now being "disgraceful", due to some imaginary lowball buyout!!
Sleep easy! The results are rubbish and there won't be any buyout.

The last one parkez, 100%

"Conroy Gold, and its predecessors have drilled a total of 189 holes for 22,199m so far," (up to August 2018).
Fairview, do you still maintain that "the amount of drilling that has been done is negligible."?

Can only assume they are disappointed the grades haven't improved, presumably that was the intent of stepping out. Hope the next holes have better grades. Hard to tell though as we have no idea where these holes are.

Where are the Tetra Tech numbers reported so we can check? I couldn't find the numbers you refer to.
Would love if they could mine 10 tonnes for less than $2 but I don't think that's going to happen.

Fairview, Tetra Tech in the 2017 JORC resource used a cutoff grade of 1 g/t as representing reasonable prospects for economic extraction. Think I'll go with that until any new study shows otherwise.
As for your mining costs, perhaps you are forgetting the 9.4 stripping ratio (also reported by Tetra Tech) so if you are using a mining cost of $1.88/t (wherever you got that number from) then the cost of mining each tonne of ore becomes (9.4t waste + 1t ore) x $1.88 = $20.
Put together mining + processing + G&A + cost inflation since it's been years since any costs were reported, and your assumptions are miles out.
Not hard to see why the market is struggling with this one.

Where are those figures announced?

Fairview it might be worth taking a look at MTL. Similar size of open pit operation and strip ratio, using BIOX to treat low grade (1.5 g/t) refractory ore. Latest quarter opex works out about $35 per tonne of processed ore. I would expect opex in Ireland to come in higher than Philippines.
See also Mckinsey exhibit 4: $47 /t average for open pit refractory ore.
https://www.mckinsey.com/industries/metals-and-mining/our-insights/refractory-gold-ores-challenges-and-opportunities-for-a-key-source-of-growth

Parkez,
The cutoff grade is the economic break even point. Grades above it make money and would be treated as ore, grades below it lose money and would be treated as waste. Cutoff grades vary from mine to mine and during the life of a mine so don't believe anyone who tells you that just because you can mine 0.8 g/t somewhere in Africa or Australia then you can mine it here in Ireland.
The company used 1g/t for its JORC resource so you'd have to assume it is reasonable unless and until the company provides justification to change it up or down. So, on current information, over 1 g/t = ore, under 1g/t = waste. The company is reporting waste intersections and trying to tell you it is good news.
Consider this for your Saturday morning:
Company reported recovery of 80% at company reported average resource grade of 2 g/t means 1.6 g/t recovered, 0.4 g/t unrecoverable. 1.6 g at $1,600 per ounce is worth $82. So, 2g/t rock = $82 per tonne.
At the 1g/t cutoff, 0.4 g/t is still unrecoverable so only 0.6g/t recovered (60% recovery). 0.6 g/t at $1,600/oz is $30, so that gives you your breakeven cost so long as you keep your operating costs at or below $30 per tonne. Average margin for a 2g/t resource on this basis is $52 per tonne.
At 0.8 g/t only 0.4 g/t are recoverable = 50% recovery. 0.4 g/t at $1,600/oz is only $20 rock. Mining 0.8 g/t would incur a loss of $10 per tonne. You'd have to somehow bring your costs per tonne below this level to make that grade economic.
Anyone who tells you those are good grades is taking the **** out of you.

33m @ 0.8 g/t, 20% below the JORC cutoff grade of 1 g/t. Mate, if it's below cutoff it doesn't get mined. Most people investing in the sector know that, which is why the chairman claiming that the results are "excellent" is delusional.

This is all rather embarrassing for you fairview. According to you Demir are the experts and are not to be doubted (based on what only you must know). If it's slow, it's slow. Suck it up mate, it's everything you ever wanted.

"The stockwork drills have been very good" - fairview you haven't got a clue.

You seem to assume fairview that just because Demir decided to earn in to the project they are happy with the results so far. I don't think they will be as they are well below expectations for a resource step out. You know it too.

Why not have a frank discussion about how badly the company's management is letting down its shareholders?

What have you seen so far in the results reported and market performance to be positive about greengrass?

It can and it will. Results have been negative so far.

That is not the reason why.

It would be foolish to make any announcement about cyanide.