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Virtual mining sounds like it should be named hash rental

Braiins are a likely provider of the hash rental imo

https://academy.braiins.com/en/braiins-hashpower/about/

Q: Does Mila resources PLC represent a greater upside investment opportunity for investors that GGP ?

Worked for 47s · 1 step

When comparing Mila Resources PLC to GGP PLC (Greatland Gold), the risk-reward profiles differ substantially. Here's how they stack up:

Stage of Development

GGP:

Advanced stage – Havieron has a JORC-compliant resource, established economics, and a Tier-1 partner (Newmont) funding development

De-risked through Newmont's involvement and extensive drilling

Mila Resources:

Early-stage exploration – Typically targets grassroots or early-discovery opportunities

Higher risk but potentially higher percentage returns if they hit

Asset Quality & Partnerships

GGP:

Proven high-grade gold-copper system in tier-1 jurisdiction (Australia)

Newmont JV validates asset quality and provides funding pathway to production

Mila Resources:

Portfolio tends to shift based on exploration results and market conditions

Generally lacks the major mining company validation that GGP enjoys

Market Position

GGP:

Larger market capitalization

More institutional following and analyst coverage

Liquidity tends to be better

Mila Resources:

Smaller market cap (micro-cap territory)

Higher volatility – can move dramatically on news (both up and down)

Often overlooked by larger funds due to size

Upside Considerations

Mila could offer greater upside IF:

They make a significant discovery that attracts a major partner

Early entry means lower entry price relative to potential resource

GGP offers:

More predictable progression toward production

Lower binary risk (the resource is already proven)

Upside from resource expansion and eventual production

Bottom Line

Mila likely represents a higher-risk, higher-potential-reward bet compared to GGP's lower-risk, moderate-reward profile. GGP's upside is tied to resource growth, mine development, and gold prices, while Mila's upside depends on discovery success from a much earlier base.

Neither is "better" – they serve different investor appetites for risk and time horizons.

The real upside is if those 500m of strike extend to 1–2km with consistent grades — that gets you toward 2M+ oz and moves Yarrol from "viable" to "highly attractive."

Q: "is 1 million oz a viable gold project in that area"

Worked for 1m 9s · 2 steps

Based on general mining industry knowledge for that region, here's my assessment of whether 1 million ounces would be viable at Yarrol:

Short Answer

Yes, 1 million ounces is absolutely viable in that area of Queensland — but viability depends heavily on grade, metallurgy, and open-pit vs underground economics.

Why 1Moz Works in Queensland

Regional Context

Queensland's Mt Carlton, Cracow, and Ravenswood operations have all been profitable with similar or smaller resources

The Yarrol region has established mining heritage with existing infrastructure (roads, power, skilled workforce)

Gladstone and Rockhampton provide port/rail access ~150-200km away

Scale Benchmarks

Project Size Classification

<500k oz Small/marginal

500k–1.5M oz Mid-tier viable

2M+ oz Large, long-life

1 million ounces sits in the sweet spot for a 7–12 year mine life at 100k–150k oz/year — enough to justify capital investment without requiring massive infrastructure.

Critical Factors for Yarrol Specifically

Grade Sensitivity

At 1.5–2.0 g/t: Marginal but viable if costs controlled (open pit, heap leach or simple CIP)

At 2.5–3.0 g/t: Solid project economics

At 5+ g/t (those high-grade shoots): Very strong economics

The bonanza zones (112 g/t, 29 g/t) could significantly improve project economics even if narrow.

Mining Method

Method Cut-off Grade Capex Opex

Open pit 0.8–1.2 g/t Lower $25–40/t

Underground 2.5–3.5 g/t Higher $80–120/t

Given Yarrol's near-surface mineralisation (much from surface to 230m), open-pit potential looks favorable.

Metallurgy

Queensland gold is typically free-milling or simple CIP/CIL treatment

Historical processing in the region suggests straightforward recovery (>90%)

No complex refractory ore issues apparent

Comparable Queensland Projects

Project Resource Grade Status

Mt Carlton ~900k oz 2.5 g/t AuEq Mined successfully

Cracow ~1.2M oz 5+ g/t High-grade, profitable

Ravenswood 2M+ oz 1.0–1.5 g/t Large-scale, low-grade bulk mining

Mt Rawdon 1M+ oz 1.0–1.2 g/t Marginal but operational

Yarrol at 1M oz @ 1.5–2.0 g/t would sit comfortably alongside these — better than Mt Rawdon, similar to early Ravenswood.

What Would Make It "Viable"

Minimum Viable Scenario

800k–1M oz at >1.5 g/t open-pit

Simple metallurgy (>90% recovery)

Low strip ratio (<5:1 waste:ore)

Nearby processing option or standalone 500k–1Mtpa plant

Strong Economics Scenario

1M+ oz with significant +3 g/t component

High-grade starter pit (those 5–30 g/t zones)

10+ year mine life

Bottom Line

1 million ounces at Yarrol is definitely viable — it's the right scale for the region. The key questions are:

Can they maintain >1.5 g/t average over meaningful tonnage?

Is the metallurgy straightforward?

The real upside is if those 500m of strike extend to 1–2km with consistent grades — that gets you toward 2M+ oz and moves Yarrol from "viable" to "high

Q: "can you give me an estimate resource using historical drill results and recent drill results for Yarrol"

Worked for 58s · 7 steps

Based on the available drill data and geological parameters, here's a rough order-of-magnitude resource estimate for Yarrol. Note that this is an indicative calculation only — a proper JORC resource requires detailed geological modeling and qualified person sign-off.

Key Geological Parameters

Parameter Value Source

Confirmed strike length 500m+ (Yarrol North) Mila drilling

Total system 20km Yarrol Fault Company reports

Historic depth ~60m Historical drilling

Current depth 230m+ confirmed Mila diamond drilling

True width 10-15m estimated Based on 50-75% of reported intervals

Bulk density 2.7 t/m³ Typical hard rock

Historic resource ~100k oz @ 1.5 g/t Non-JORC, shallow

Rough Resource Estimate (Drilled Area Only)

Assumptions:

Strike: 500m (conservative — just the confirmed Yarrol North zone)

True width: 12m average

Depth: 200m (vertical)

Average grade: 1.8 g/t (blending 1.5 g/t historic with higher-grade Mila intercepts)

Calculation Value

Volume 500m × 12m × 200m = 1,200,000 m³

Tonnes 1.2M m³ × 2.7 t/m³ = ~3.2 Mt

Contained gold 3.2 Mt × 1.8 g/t = ~5,760 kg

Ounces ~185,000 oz Au

Potential Resource Range

Scenario Tonnes Grade Ounces Basis

Conservative (current drilling only) 2.5-3.5 Mt 1.5-2.0 g/t 120,000-225,000 oz 500m × 10m × 150m

Moderate (extensions to 300m depth) 5-7 Mt 1.5-2.0 g/t 240,000-450,000 oz 600m × 12m × 250m

Optimistic (1km strike, 300m depth) 10-15 Mt 1.5-2.0 g/t 480,000-960,000 oz Includes high-grade shoots

Comparison to Historic

Historic Mila Potential

Ounces ~100k oz 150k-250k oz (current drilling)

Grade 1.5 g/t 1.5-2.0+ g/t (higher-grade zones included)

Depth <80m 230m+ (3× deeper)

Strike tested <2km of 20km 500m+ confirmed, 20km potential

Bottom Line

Based on current drilling, Yarrol likely hosts 150,000–250,000 oz Au at ~1.5–2.0 g/t in the immediate Yarrol North area — roughly 2× the historic resource.

If Mila can extend the 500m zone to 1km+ strike and 300m depth with similar grades, the project could approach 400,000–500,000 oz (which aligns with their EMX agreement milestone of 400,000 oz by year 5).

The upside case (20km fault, multiple targets) could theoretically host 1M+ oz, but that requires significant additional drilling.

Q: "how do the 2026 drill results look when added to historic Yarrol intercepts"

Worked for 1m 4s · 9 steps

Based on the available data, here's how Mila's 2025-2026 drill results compare to the historic Yarrol intercepts:

Historic Intercepts (Pre-Mila)

Intercept Grade Width Hole

25m @ 2.92 g/t Au 2.92 g/t 25m YARD43

12m @ 1.91 g/t Au 1.91 g/t 12m YARD43

22m @ 1.21 g/t Au 1.21 g/t 22m Historic

25m @ 1.02 g/t Au 1.02 g/t 25m Historic

19m @ 1.25 g/t Au 1.25 g/t 19m Historic

Historic resource baseline: ~100,000 oz at 1.5 g/t (shallow, <100m depth)

Mila's 2025-2026 Results

Intercept Grade Width Hole/Period

1m @ 112 g/t Au 112 g/t 1m 2025 — highest grade ever

4m @ 29.4 g/t Au 29.4 g/t 4m MYARC0222 (Q1 2026)

17m @ 5.46 g/t Au 5.46 g/t 17m From 42m depth

11m @ 2.91 g/t Au 2.91 g/t 11m Near surface

15m @ 1.76 g/t Au 1.76 g/t 15m MYARC0204 (outside historic resource)

5m @ 2.78 g/t Au 2.78 g/t 5m From 183m incl. 1m @ 6.89 g/t

~5 g/t Au continuous ~5 g/t Surface-230m Vertical continuity demonstrated

Key Comparisons

Factor Historic Mila 2025-2026 Assessment

Peak grade ~3 g/t 112 g/t Mila wins by massive margin

Average grade 1.0-1.5 g/t 2.5-5+ g/t in high-grade zones Mila significantly higher

Width Up to 25m Up to 17m Historic slightly wider, but lower grade

Depth <100m 230-300m+ Mila proves mineralisation at depth

Strike length Limited 500m+ confirmed Mila extended the system

Grade x Width ~73 g/t·m (25m×2.92) ~93 g/t·m (17m×5.46) Mila's best intercept beats historic

Bottom Line

Mila's 2025-2026 drilling has demonstrated that Yarrol hosts much higher grades than historically recognised, with bonanza-grade zones (112 g/t, 29.4 g/t) that were never previously intercepted. While some historic widths were broader (25m), Mila's 17m @ 5.46 g/t represents better overall metal content.

The 2026 results (4m @ 29.4 g/t) continue this high-grade trend, confirming Yarrol has genuine "jewellery box" zones capable of transforming the project's economics if they can be delineated at sufficient scale.

Two first time MILA posters are out...

Seems unusual 🤔

Given the delay on further results I'm guessing MILA have some big news they want to RNS but they want to get a placing away at the same time...

What are your thoughts ?

The combined annual spend of the world's government space programs is approximately $137 billion to $138 billion

So 38 billion on rocket launches straight into the oceans and 100 billion on ai faking space 😉

FeverishRay is posting more on the MILA board than he is on here today

Scooping up big chunks of gold near the surface in Australia rather than digging up half a country for a few slivers that would struggle to wrap a chocolate bar seem to give him concerns

I saw KR1 picked up 60,000 Venice

It will be interesting to see if they add to their position

BTC with small blocks and ossification has drifted into irrelevance in an era of AI

Quantum isn't a threat if nobody what's to own an expensive volatile digital asset that does nothing

Venice AI Token has been on a tear and highlights how everything changed in cryptoland when AI became a thing

We'll see how it plays out

Quantum stocks were on fire yesterday in the USA

Expecting FG to put out a PRN about QBT's extraordinary Quantum advancements in the coming days and weeks 😉

Venice AI has had a big pump recently

Increased adoption and token burns could send the VVV token much higher in the future

https://venice.ai/token/burns

Early pumpers are out, late to the party pumpers are in trying to get out :-)

Rotation back into Mila ?

Goldie_Lucks pumping hard on here today

Getting ready to rotate back into Mila Resources ?

Mila Resources is getting attention after some impressive results at their Yarrol Gold Project

FG and his typical Jam Tomorrow nothing Burger PRN

Polymarket would likely have:

A placing coming at 95%

Positive test results at 4%

A deal before placing 1%

Obviously Polymarket could be wrong and that's the gamblers mentality ;-)

I know a fella called Dominic Diamonds from Essex but not a Harry Gold :-)

I just looked up Niall Harbison and there are A LOT of street dogs to feed in Thailand !

We fed a few street dogs and took one home when she was unwell about a year ago. She had a wonderful 12 months with us, foraging for mushrooms and Bamboo in the mountains