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A bit picky cryptomantom, Its true what Robbie says, however the quantities are yet to be confirmed, what was it? 1/3 oz up to now, well its a start, I just hope they can average more than the 1.7g/ton they did last time from the waste tip
Well I am going to stick my neck out here, yes I have been mopping up a lot of very cheap shares, I certainly don't believe the WCP are going top run this into the ground, the major shareholders here are the WCP not us pathetic mere mortals ...... think about that
JSP, personally I collect Sovereigns and have done for years, the value has gone through the roof in recent years and looks like it will continue, on a positive note any gold that may be recovered by ALBA has also followed the trend ..... PS:- There are a lot of fakes on a well known E auction site, be careful
Oil and gas producer Caspian Sunrise (LON: CASP) is paying up to $15m in cash and shared for CS Energy, which holds licences to the West Shalva contract area in Kazakhstan. This is near to the Shalva field. This is a lower risk asset because the oil is at shallower depths.
So having done a lot of reading, I think we can all agree that dear departed Humpfree the Camel and the leaking oil well (As in the picture online) was not even on the same oil field, West Shalva is not the same as Shalva main field.
As recently pointed out by a very nice gentleman called "Nutty-mike" mining takes a very long time and is very costly, I suspect there will be many more dilutions and a few set backs before the final goal is achieved, as a starter for research Goggle "mining timescales" then "5 stages of mining" and have a guess where alba is .............. a quick quote from Nutty-mike, As my experience dictates, mining is a marathon requiring patience and foresight. Data as of October 30, 2023, reveals it takes an average of 16.9 years from discovering mineral resources to their production, with around 12.5 years devoted to discovery, exploration, and feasibility and about 1.8 years for construction planning.
£408k at todays price, obviously I think you could treble that with Welsh Gold premium ... £1.2m, I would sincerely hope the grades would get higher once processed, probably extrapolated to 1000kg per tonne !!!!!, again this is the problem with announcing individual high grades samples, great for keeping the Gold fever going, rubbish for doing the basic maths, bulk sampling will give a much better picture, then you have a better chance of working out infrastructure costs, extraction costs, processing costs ....... profit etc
Sale of Galaz........................ Of the $100 million disclosed approximately $50.4 million relates to the equity of Galaz & Co LLP, in which Roxi has a 34.22 percent interest and approximately $49.6 million relates to the assumption of shareholder loans owed by Galaz & Co LLP, of which approximately $11.3 million is owed to Roxi.
In aggregate the share of the $100 million disclosed attributable to Roxi is expected to be some $28 million.