Member Info for elgordo83

hahaha not quite or we'd have been out years ago I reckon

there was consolidation of I think 20:1 from memory (been so long)

traded well CNR will have been very good to some

Would you pay £2 for a £2 share or rather 40p for what could be a £2 share? Any purchaser would have similar rationale with $200m for a $1bn profit surely :)

Thanks both - browser was blocked from reading article body so your text is appreciated

Great vid/update

Key question about "what next" - ie BFS @ 9mins

- Looking at mining faster and picking up pace - 600k of mined gold @ 100k oz p/a v 80k p/a
- BFS based around this scenario (cost of $1m)

- Expand out feeder pits - Metzida is key given estimate of 300k+ oz (ie 20k p/a production) from these areas to aim for 110-130k p/a.. KEY NOTE is that permit is 2.8k tonnes p/a (100k p/a gold prod) and feeders would likely need additional permits, altough much smaller and expected to be much easier to work through, especially if mid-production already)

- Looking at adding an extra 1m oz of gold within 12 months -> 3.3-3.5m oz "global scale"
- THEN construction of 'base case' - didn't confirm finance scenarios (ie debt/equity mix "60/40" mentioned by MC)

"that's the beauty of this - we are high-grade deposit and lower quartile AISC. despite politics, gold still sells"

4 weeks permits
12 months BFS and prep
Then build late FY19

$30m MCAP and NPV of $195m and oz in ground @ $12 per oz in the ground... "very beaten up"... erm, YES

Final comment is that upside roughly 6.5x (ie £2.60)...

MC in Ibiza - can't imagine he's hitting Pacha :D

Agreed until the last part :)

$200m would be 8x current price (£3.20) and with say 3m oz (inferring the remaining to make 5m oz district?) that would be a paltry $66/oz paid...

If B2G do come in then they would have fairly little to need to pay versus the $120m mine construction cost - all of which pales of course in comparison to the $1.6bn+ of PROFIT within the ground.

Some seriously large considerations/discounts for associated risk can be made and the NPV remains fantastic versus today's prices.

But we've had many a false dawn so let's not get too carried away just yet :)

There for the protection of the employees given previous violence? Always two narratives.

Looking at the size of the protest, perhaps 100 people - we've no way of knowing if all La India residents etc; likely fits to the 10% against, 90% for of the 1000 or so total residents.

It should be an interesting few weeks at least...

OK so this is based on the previous links etc and I'd love to be corrected where relevant...

Looks like there was the usual incited protests led by groups with an interest in no mining in Nic at all - rough google translations of the facebook posts make out that the wider region/government seems on board but there remain groups within La India that will oppose no matter what - looks like some people weren't invited and tried to storm the PC/protest...It mentioned displacement/moving whereas we know now that the most recent plans do not involve this - perhaps some inconvenience still with construction and tail-ends etc but this doesn't suit the group as well as being relocated!

Those videos/groups have tiny volumes of views etc but it remains a tangible view for others to see.

Interesting the way this was timed/announced - can't have been MC's call?

My gut remains that the Govt wants this to happen as gold/silver simply cannot be ignored given the current economic climate. It was never going to be 100% for but it would be good to have a majority of locals onside...

Thoughts?

I made a lot of money in crypto... problem is the next hour I lost it all (eg Lamden up 10x in a day)! A LOT of scams among those that "moon", even those with seemingly credible source (eg Titanium). Personally think that the tech will come good in some guise, however the ICO piece is a total lottery to be avoided. An interesting diversion last year whilst CNR moved sideways anyway...

*some investors not all within the collective "you"* Given how quickly tension has escalated in recent weeks it shows how unpredictable protests can become and how soon. Riot police can seem excessive after the fact if things died down rather than became worse... Glad to have a local voice input and add to the mix irrespective.

There was a video less than a week ago with an update/rehash? But yes a meaningful update would be nice

Nice rebound, sure, but I'm not clear on what the 'fruits' of Patryk's conversation were.... other than "permits are coming, I promise". I remain in at the same level before any accusations of gamesmanship arise :)

Jam tomorrow, riots today? Let's hope we get these permits - within the month would be good if the church has negotiated a truce...

+1 all informative posts have proven useful to guard against any echo chamber. What a difference a week makes ;/

Seconded. Sorry to see you go T123 and you've listed your reasons - continuing to push following (another?) 180 won't do you any favours :)

Perhaps explains why the drop hasn't significantly increased. Geo-politics versus whoever comes out the other side desperately needing $ in lieu of Venezuela's petro-dollars drying up MC desperately unlucky and must have El Salvador on his mind... "time kills deals".

They must have been getting DDoS, trolls etc but yeah not great

Perhaps as they’re permitted and diversified? Fair comment however

Ha I was so close to using that quote myself :)

With the updated mine design, ongoing social work/training for long term gain and promise of jobs that pay fantastic money in a historic mining town, why would there be such a level of anti mine sentiment? If needing to relocate, sure. But now?