Member Info for Doozer77

Wasn’t that the Wicked Witch of the West…aka my mother in law 🤔

He has even lightened his fake tan shade to a golden glow…

That said, we might have to reverse back to the shop today, forgot to pick up some milk…

Not yet son…but nearly!

Just another 1.1p to go!

Morning Zoros,

Any valuation figure equations are way, way above my pay grade, and believe me I am aware of the weaknesses in Chat GPT…you have to ask very specific questions, asking it to use up to date figures, challenge it on what you know to be fact, then after going round the houses, it finally agrees with you…so not too impressed myself.

I only posted as Catchme seemed keen for an answer, and no one else had put their oar in, so ran it through to see what would happen.

A number cruncher I ain’t.

Fingers crossed for another good rise today (won’t hold my breath though) and good luck all!

I love copper…my wife’s ginger…

Ran it through Chat GPT for you…

The in-ground value of gold at Havieron depends on multiple factors, including recovery rates, extraction costs, and project-specific economic conditions. Let’s break it down:

1. Theoretical In-Ground Value

• Current gold price: $2,855 per ounce

• Total gold resource: ~5.5 million ounces

• Theoretical in-ground value = $2,855 per ounce (before deductions)

2. Recovery & Processing Adjustments

• Not all gold in the ground can be recovered. Typical recovery rates for gold range between 80% and 95%, depending on the ore type and processing method.

• If we assume a 90% recovery rate, the effective recovered gold per ounce would be $2,569.50 (90% of $2,855).

3. Cost Deductions

• Mining Costs: Underground mining at Havieron is estimated to have costs around $900–$1,200 per ounce (based on industry comparisons).

• Processing Costs: Typically $200–$400 per ounce.

• Royalties & Other Expenses: Government royalties, transport, and admin costs add another $100–$300 per ounce.

4. Net In-Ground Value

If we assume:

• Recovery: 90% (~$2,570 per ounce realised)

• Total costs: $1,300–$1,900 per ounce

Then the net in-ground value would be around $670–$1,270 per ounce, depending on exact cost structures.

Don’t know if that helps or not 🤷‍♂️

Touché!

Happy days indeed Bamps!!

And good luck to you JF!

Guaranteed 😏

Certainly no offence taken Ace, no worries 👍

What thread did he respond on??

With Nomlas on that one Ace…

Hit all time U.K. record

Wrong thread? My bad Ace. Must have missed the

“Easy to tell people they don’t understand when offering no opinion, or ideas, or anything else of substance really” thread…

Pray tell JD, what am I not understanding?

Agreed again, I can’t see another way round it…we need to wake up & quick

Hi Maltster,

Pretty sure all the major bullion suppliers will store Brit’s for you. I prefer it in hot sweaty hands personally 👍

Agreed Speedy.

Next question…how do you plan in 50-100 year terms when western election cycles are only 4-5 years?

Indeed Speedy, indeed.

So, if China control the above ground gold, and have their tendrils running through South America, Canada, Africa & Asia, not to mention the rest of the world, how do we move forward to level the playing field with China?