Member Info for earthling

Is not to be sniffed at by any standards I don’t think at this stage NM is making unrealistic targets So if one works out what this is worth its a reasonable assumption even before PEA and cost calculations, that we are onto something rather big at Cascabel

~Thanks Toro, for your continued input.

personally I still have some reservations about Chad, solely due to its jurisdiction.

I was under the impression that Chad is not widely considered a safe place to do business?, or have things changed sufficiently for this not to be the case?

there is no need to name call and put people down because they have a different view to you, if you read your posts that what you do.

exactly!, if I didn't like a share why would I bother posting on the bb?

a good response, if I may say so

I don't think its a binary bet personally, the more we prove up the more valuable the asset. one day

NM will wait for the right market conditions and/or a decent offer

it will come one day, at least thats what I believe, and I'm confident it will happen

musings over on the fund manager

Why aren't we getting couple of rigs onto Blanca Nieves if NM believes this is the way forward re development ?

what are they waiting for?

We are not on AIM but it’s not made any difference tbh, part from continue downwards I would agree that I doubt NM has the pi’s interests at the forefront of his mind, which isn’t necessarily a bad thing, just for us lot! Lol I believe his plans will come good but as you say in terms of timescales it could be some time. Those who were hoping to retire on the profits may be retiring still waiting for this to come in Personally I think we will see a big lift on revised estimate and PEA and hopefully bids will start to come in I’d rather have it in here knowing what I do than out waiting for further drops, but that’s just me. Prob Isnt the best tactic currently but it is what is

indeed

seahunter,

in the very recent presentation it said we were chased up with no debt but obviously its a possibility.

If we don't get one very soon, then I think he is holding out to get the revised estimate and PEA out, which is only 3-4 months away.

We have 40m in the bank so in theory we have enough to get us there and hopefully a re rate. If we don't get an offer then we will need to source funding

I agree that the market is holding us down at these levels with a chance that we do get another raise, we will have to wait and see I guess.

So, have you sold what you bought at 23p? If you think its going to 11p, wouldn't it be wise to sell up and buy back , if thats what you think is going to happen?

I'm fine with reading your opinion Sea hunter, things have changed somewhat.

I don't happen to agree with your prediction of SP but I can see where you coming from.

If thats what you genuinely think then fair enough.

whats your ave mate, was it 11p?

to discuss here now without any silliness from people.

There seems to be a lack of discussion about the recent developments eg 'go for gold' strategy and what this actually means for the development

Will Aggy turn out to have enough high grade shallower to initiate the development or is Nm considering a change of direction completely with Blanca Nieves?

I am somewhat confused at this stage and wondering how these new developments will affect the revised estimate and PEA due by end of year.

The PEA will obviously have detail of the proposed development and costs and from the figure in the presentation on the conceptual model it looks like they are planning to include Aggy with the main Alpla system, as there is an incline going from the Aggy site to the Alpala system.

If you haven't seen it take a look at the figures from the presentation and see what your own interpretation is.

I for one would appreciate more opinions and thoughts on this.

Thanks in advance for those who actually take the time to consider this and ask more questions about the direction we may take from here.

I'm sure it will become much clearer over coming weeks, as NM and his team will no doubt keep is up to date with where they are.

Certainly the conceptual model shown in the diagram ( I think its fig 7 slide 44) seems to infer this is the way they are planning to produce PEA and resource estimate?

10 mt copper and 25m oz gold is a very decent target and one which if achieved will certainly bring us back into attention.IMO

thanks Lotto, but when the revised estimate comes out I wasn't aware we would have even started Blanca?

will have a look in later and see what others are thinking re the 'go for gold" and how it affects Alpala estimate end of year.

When they do the costs etc in PEA not sure how they can include something that hasn't been proved up re the costs of development ? Maybe they are planning to start Blanca this year?

I agree there are various possibilities which will become more clear as progress continues.

Off to work now

strategy has not been discussed by anyone on here, I'm not talking about other projects, doesn't seem clear whether they mean developing another project like Bianca or Alpala?

It could be I've mis interpreted the news but as I've mentioned it seems to have been ignored on this discussion board?

well the 450-451 you state seems to be holding.

I meant in relation to Alpala,

I understand Blanca Nieves could be gold rich but is NM now saying he doesn't believe Alpala will be bought or developed for copper?
Is he thinking Alpala will now be developed for gold also? rather than the copper?

Personally I don't think is very clear since his recent "go for gold" statements? and no one on here seems to have been able to expand on there underrating of this ?

on the 'go for gold' strategy, in terms of it being quicker and cheaper with better rewards?

What are others understanding on this? re why is this the case?

thats bit far fetched IMO, even for one of my conspiracies, hardly going to hold the price up with those buys any how.

They do the feasibility surely if the figures don’t add up they won’t go forward with it? If they are bound now to proceed they must have done their due diligence Otherwise it’s just madness Why would they upset their current good results with a bad deal ? Doesn’t make any sense I think I’m going to give them more credit than the market currently is and see what surprise is around the corner Directors buys maybe not be huge but these guys don’t throw money away