Member Info for elir71

not all quartz veins contain gold and not all areas of the same quartz vein contain gold. Though your idea of tiny diggers extracting only the narrow vein leaving the shales in situ is visionary, I belive the techniques they have in mind is more to do with accurate targetting of extraction. The extraction itself I believe would use conventional drill and blast methods. Scotgold resources on youtube have some pictures.

I like the idea of something like the bigtrak I had a a kid with some sort of quartz knawing attachment though

not all quartz veins contain gold and not all areas of the same quartz vein contain gold. Though your idea of tiny diggers extracting only the narrow vein leaving the shales in situ is visionary, I belive the techniques they have in mind is more to do with accurate targetting of extraction. The extraction itself I believe would use conventional drill and blast methods. Scotgold resources on youtube have some pictures.

I like the idea of something like the bigtrak I had a a kid with some sort of quartz knawing attachment though

@Yannis : you mentioned the Welsh gold price premium and quantified it. GF has mentioned in the video his and the potential JV partner's intention to control the supply of it to maintain its price. Nevertheless it may be practically necessary to extract at a greater rate and there have been discussions of creating coin bullion for investors.

Given that being elemental there is no chemical difference between gold from various sources once purified then how would the premium value be preserved if bullion was minted ? It would be in the miner and the investor's interest to preserve that value. Key to this would be a way of verifying the authenticity of a bullion of welsh gold, as opposed to a melted down Kruggerand fraudulently minted into a Welsh bullion. If each bullion has a unique identifier then it could be possible to have some sort of distributed ledger (a variant of blockchain) to keep track of its provenance even with anonymous owners. That could be extended to it being an asset backed para - cryptocurrency yielding the benefit of cross currency fast efficient transaction processing with the added advantage of having an underlying intrinsic value.

Its a blue skies idea ... to provoke some new thought

What is the consensus of the likely licence fee for the MSAR moving forward ?

Back of a fag packet calculation
when the 10000 bopd Utah plant in operation then with a 13.5% licence fee on revenue then I think that's the minimum for breakeven for QFI
basis of the calc is :- Greenfield Revenue @ 10000 bopd * margin for Greenfield = pretax profit for Greenfield
US$ 160,000,000 * 30% = US$ 48,000,000
(source TomCo https://www.youtube.com/watch?v=-WMafybrgbs )
= £ 37,000,000

QFI annual loss £ 5,000,000

5/37 = 13.5% of greenfield pre tax profit

assuming with uplift due to msar is 30% (a big if, perhaps someone can input something more accurate) then the licence fee would have to be (10/3) *13.5% = 45% of the uplift

Trenching and surface drilling are for the broader area, identifying (or eliminating) areas of future exploration

The underground drilling and bulk sampling are for the unflooded areas of the existing mine

The next significant news (and very significant it will be either way) are the assay results of the underground drilling and bulk sampling. This investigation was initially for only the month of September but has been expanded and extended to work into October. It is expected to be complete by the end of October. Although exploration will continue, the current exploration's results are critical. The actions of terminating Bergen and ordering a small processing plant are consistent with a high degree of confidence on the part of the bod. Needless to say, if the results turn out to be dud, then there's mega egg on faces and no doubt begging bowls for funds to continue. Given the calibre of expertise on site then I very much doubt such actions would have been done on scanty (unpublished) initial findings, nor bold optimism.

Its good news on Morocco, but in the context of past events , mainly outside the BOD's control, it is understandable that investors remain sceptical until a commercial deal is signed. In my opinion, the first commercial deal will be Utah and pace of progress at Ashpalt Ridge with respect to the POSP is a warming sight. I would hope that the bolt on of the MSAR unit will be done with some alacrity and a commerical deal even for the 500 bopd plant be signed, but better still for the 2 x 5000 bopd plants.

Mr008 ... why dont you look at the last financial statement, then trawl through the RNSs detailing placements and warrants and you will be able to calculate how many and at which price have been issued. From that , you will see that investors (like Bergen) will have made a healthy margin on their convertibles. As investors their exposure is to business failure before they can exercise and sell their holdings. They do not seek exposure to ongoing risks and opportunities, as they have their own other projects to fund.

Whether a body wishes to have exposure to future developments is not necessarily a reflection on their belief in future prospects of that venture, rather a reflection on their own investment strategy and risk profile. People investing in Alba (at this time) are probably looking for capital growth with relatively more risk than many other shares. Someone already retired who seeks low risk stable dividend income would probably not view this as a suitable investment.

So Mr 008, how would you describe your attitude to risk and reward. Given your recent activity on here, yet rather light of research posts then I'm surprised you value your time so little as to bother posting.

On Clogau, the next significant news that I expect is the conclusion of the current underground drilling and bulk sampling site investigation which would mark the start of the laboratory work. I had initially expected the lab work to take 2 weeks, however upon reflection, based on the timescales of the past sampling then I'm revising it to up to 2 months. Since labs etc like to clear their desks by Christmas then I'm expecting the assay results now in the 2nd or 3rd week of December. Perhaps the TV footage etc is being held back to make a thunderous impact at that time. In the meantime I wont be selling on the crests and rebuying on the troughs for fear of being out of it when the assay results come in.

IHC Robbins are working on the 3 tonne sample from Thule sands, perhaps some feedback will come from that, though I can't imagine anything earth shattering from that until next summers fieldwork drilling programme is complete.

Total speculation : perhaps we will offload Brockham, hasn't Angus Energy AIM:ANGS has increased their interest in them
"Acquisition of Doriemus plc interest in Brockham Licence (PL 235)

In addition, the Company has executed a Sale & Purchase Agreement for the purchase of Doriemus plc's ("Doriemus") 10% interest in the Brockham PL235 Licence, thereby increasing the Company's interest from 65% to 75%. The purchase price for the Licence is adjusted for the settlement of outstanding amounts due from Doriemus to the Company and a contribution towards the estimated share of long-term abandonment liabilities and results in a net payment to the Company of approximately £260,000 in cash in Completion." Wed, 21st Oct 2020 16:11, RNS Number : 8302C, Angus Energy PLC
Alba holds a 5% stake in Brockham. If Angus are looking to increase their stake then I do feel that offloading the onshore oil investments may be a good idea. You'll notice that Angus have the use of a Bergen facility.

The victorian / edwardian miners did not have the benefit of diamond coring bits nor a thorough understanding of the solid geology of the area. The cores taken then other side of the fault (an unmined area) confirmed the presence of gold beyond the discontinuity. Though very high grades were found in the vein from the previous borehole, it could of course be a "lucky" hit, which is why the bulk samples are likely to give a more representative sample than a core.

Wrt to Ilmenite, I see the presence of Bluejay's the existing infrastructure as wholly positive to the prospect. Mr008 seems to suggest that the company is valueless without Dolgellau, which is simply untrue as it suggests that all other assets are outweighed by liabilities. It's clear that a sensible arrangement could be reached with Bluejay using shared infrastructure. Of course part of Bluejay's valuation is their existing infrastructure and other assets, nevertheless even when that is taken into account, then per reserves then I think it still undervalues Alba's asset there.

Graphite is likely to be in heavy demand for the next generation of batteries. Tesla has been actively looking for sources, so I can see than unfolding very nicely. Iron ore is a well established market..

As you will see from my previous posts I try to be objective in my research and analysis and have pointed out threats as well as opportunities.

As for being a "paid ramper", then it would be fairly easy to work out my identity from my username.

@Jeremiah...
Present some evidence to back your assertion

Give some examples of 'rampy' statements and why you believe them to be overly optimistic or unreliable.

@mr008, in the very unlikely event of there being no economically extractable gold in the Dolgellau *gold* belt, then the share price will settle to the net present value of the other considerable assets. Greenland alone justifies many multiples of the current sp.

Of course initially the sp would go lower than the above sp as markets tend to overreact to negative news.

The company has sufficient cash available to prove the Greenland reserves and ongoing overheads are minimal.

So mr008, show me a calculation of how much you would value the Greenland assets at?

I'm confident plenty of gold will be found, especially after draining the lower llechfraith level

"It stands to reason that gold visible naked eye" ... nope, visually very difficult to descern from pyrite, only lab testing gives accurate answers
"no report of gold that is visible to the naked eye in RNS" ... again no, the assay results are to be released at one time (in an RNS) so don't expect any until then

Mr008, having read your posts I question your motives for posting. Your posts contain uncorroborated assertions and are therefore of very little objective value.

Playing at being???
You make no logical argument, you simply make an assertion that standard mining equipment has been bought as some sort of trophy. Perhaps you'll further assert that terminating Bergen is to cut off the nose to spite the face?

Perhaps consider the risks and cost of the many steps necessary to go from assay result to commercial production. Consider also the wider gold belt.

Mms play games on thin volumes

What production level results in break even assuming msar is utilised?

Once again the very late reported chunky buys after a couple of days tree shake coupled by the re emergence of some 'derampers' on here and similar bb. They just want your valuable shares on the cheap. Hold for gold!

Note the late reporting of two chunky trades on the 20th. Funny how it's never the £20 trades isn't it?