Member Info for Diadulus

OK so video covers the current and ongoing, Friday onward specific due to Comex exchange becoming Basel III compliant, reason why people are now going physical on gold. This will be very big for all gold miners. And yes it is involved but it's so so relevant. Ep.43 Live from the Vault: Swiss refiner email reveals Basel III impact.

Once you ignore the Tonnage/Grade shortfalls and focus on what is and what will be (once they do hit their own marks 100K Ounces/year) then things don't look at all bad. Gold extraction even now, based on current prices, is close to £70M/year & for a company valued at less than £300Mil quite a good starting point. Newmont produced in 2020 5,824,000 Ounces & have a market cap of $48.54Billion. Basically they hit the mark and it should, with a like for like, value them over £600Mil on market cap (ignoring Pure Golds lower costs.) Correct me if I'm wrong, I do underestimate a bit.

When so few shares are traded (because most are just holding with a little topping up now and again) this is what happens, £3K dumped at EOD and price moves from 10% up to around 3% down. And remember this company has a £250M market cap (at present) so 3K just knocked over 25Millon off it's market cap!!! Good news should come when Pure start to release it's first set of REAL earnings which should only increase with time. But yeah price volatility for the time being is crazy town.

Well I see POG on my MetaTrader has now dropped considerably in the last 4 hours not sure how that kind of moving helps!!!

Well the Copper/Gold with Enviro, it's more like slurp, so time to get slurping!

So updated presentation covers sector 8 (not till 2024 but that's not to ignore it's value as a reserve or as an extension to the operations mining life.) I am looking at the bigger picture - 577tpd on a current 800tpd max only leaves a 223tpd free & if all slopes continue to deliver at 5.8g/t ave then they will need a second crusher and an increase to extraction levels to hit that Phase 2 target. That is the bigger picture along with profitability if things do not change from the current grade and rate.

But the real question is are they now commercially viable or will they still need capital input? So June = 5.8g/t from all slopes on a 577tpd throughput:- 3,346g/day or aprox 118 Oz X 30day's = 3,540 Oz. Current ave gold price during that time (lol to that fluctuation) but around $1800/Oz so $6,375,000'ish (what's their profit after costs baseline again, pretty low!) So if they DO improve on that, as stated, then a full run yearly est would be around 42.5 KOz & greater which is someway off the 100K of phase 2 & way off the 200K of Phase 3, from their todays dated updated presentation, but gives a baseline to work from. Do your own maths mine I did more as a question to the Phase levels and ongoing funding requirements.

Problem is that the initial hype on grades and deliverables turned out to be vaporous so investors/potential investors are skeptical, but... With Sector 8 increasing the reserve value and with gold prices higher than planned they still have a really good chance of retracing to the former high (the dyke issue was kinda obvious as what a logical point for the previous miners to stop mining, duh.) What they really need to do, if they can, is to show a higher grade of ore extraction and hit that 800 ton per day crush. It's all about removing the persistence of skeptical views, insiders not dumping shares and given the cost of the outsourced office staff!!! maybe a little running update on the crusher and the pour (not like those figures won't already exist.)

What is the point in making so many low volume purchases at a price way above the ask, especially when you see the range of numbers that the volume is made to show!!! (spoof anyone.)

OK so I know I'm way more on their copper interests/Enviro. But gold/silver is certainly moving into an interesting period - https://www.youtube.com/watch?v=yYUdqE0t9-c. Covers what the Fed might do relative to re-evaluation of real gold base price relative to paper based trading.

So what's the issue here, given the focus on it's gold play?

And so GOLD physical becomes much more desirable - so why is this still down?

Given the now known asset amounts & their prime location, ignoring what else could be there, I'd say they should be moving towards a mid-term Market cap of around 20M. Given the valuation on other similar stage/asset level junior miners. Hot stuff.

Given that they're floating/selling it off why even bother with more drilling? Or is this a portent of things to come, money from Alba being syphoned off into the other company (now who will really reap the benefits from that) - Horse Hill anyone? Getting a nasty UKOG vibe from this. Please prove me wrong.

MisterPositive, US stock market is a lot more aggressive than here, a lot more. Similar companies with same size assets range around the $100 million mark just cruising (US is far more positive and a lot more focused on the future.) Thor will be viewed as undervalued & now they do have that US positioning, be it in the OTC, all it's gonna take is the right kind of RNS's to get them trending. Really hoping they start feeding out some positive, commercial relative, news on the Enviro/copper front as that is gonna be a lot further reaching than just their own assets simply because it allows commercial extraction without the need for massive infrastructure spend & is GREEN (and sucks up GOLD to - that buzz word stuff. ) Oh and all their other unrealized assets too, now if only they could start to cut some deals & get that touch paper lit.

That IPO, of what I REALLY liked here, will give the company an initial cash injection to boost it's base line, plus an added value based off of the IPO's inherent share value (after all THR will be a major share holder.) This will free Thor up to play it's 49'er game, just hoping it has a hand to play that ain't decked with jokers.

Ezhik it's a quiet period, small trade volume = volatility either way. Thing is if you trust your DD then you know where this is heading and you know that climb relies upon various RNS releases confirming extraction, grade & plant processing, once confirmed it's going back up to where it should be (kinda obvious.) Could be worse look at the really good news from Thor, yes they are fast tracking as per promise given when they received that "out of the blue" private equity purchase early in the year (Thor is fast tracking the exploration and development of the Alford East copper project, drilling commenced. Plus Wins AUD300,000, about USD232,000, from the South Australia government under the Accelerated Discovery Initiative, which will be partially used for resource drilling.) Down over 7% on that RNS gotta lol at some investors reaction to 'positive' news.

So good news, no 2 ways about it when something I don't consider that exciting (Tungsten/Molybdenum) gets a bountiful kiss by the Australian Govt. Still waiting on that near term Copper (Enviro) news and then the GOLD news from right next to Greatland Gold. Not to forget the infrastructure budget has been passed in the USA so Uranium/Vanadium assets now have that added emphasis of medium term potential. Also THOR is a popular character so YOLO on the MEME stock potential - don't ask makes no sense to me either but YOLO.

Well there is that important test flow on Horse Hill being carried out by UKOG. And, if only, there really was a commercialization argument for the split, as in significant enough GOLD identified to...

Given the inherent potential of the Greenland assets (big reason for my investing here!) I'd say the IPO could be valued higher than the current whole of ALBA. Also given that China has announced it is looking to source IRON and the like from anywhere bar Australia. If anything Alba will become a cash rich company with the potential of it's shares in the spin-off being valued more than it's current share price. Crazy stuff but singular focus & results drive price https://youtu.be/z4IUTzJ4J18