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@ £3.50...
https://www.pinterest.co.uk/ThePartyTeacher/alligator-party-ideas/
We've had three years ish of a big seller holding CNR back data key moments
Creating great value perhaps for some lucky buyers
When just on cusp previously, Nic govt problems
Just on cusp now, COVID problems
Never known anything like it. Maybe this time around it's different. Finally.
I think the calm is simply because LTH have known about being under-valued for so long; we are simply getting back to being where we should always have been, irrespective of mine progress.
I was invested when we hit £1.90ish and many still have £1+ averages...due to blinkered stupidity and longevity, I thankfully do not but it has been a wild ride for 7/8 years - let's start getting properly excited once we're in triple figures. Which won't be long :)
Tell you what - all the BB posters complaining about MC being quiet... clearly had a number of these interviews lined up once permitting announced - notice how they all build/iterate from one another rather than simply repeat. Cleverly done to build additional interest and momentum.
No wonder he's smiling
Permit shows that Government is open for business
Extremely high grade for open pit
"$310 value at previous study with $55 costs"
111k ounces = $150m cashflow.. "pays for the whole project"
PFS AISC $690... $120m free cashflow a year @ 120k p/a production
Expect another pit announcement within a few weeks...
2nd feeder pit... 100k oz gold @ 4g = $200 value v $55 costs...
Overall - 1.1m oz @ 120k p/a for 7 years, PLUS 1.2oz underground
"do underground out of cashflow once the mine is built"
LAND - ALL plant and Metiza land owned... $500k spent on 60Ha a few weeks ago... 70% of land bought...
Fantastic.