Member Info for elir71

Mr008... The rnss pertaining to the recent drilling refer to quartz veins. No quartz no gold as the mechanism of deposition is hydrothermal associated with igneous intrusion. For the third time... Grades cannot be inferred from core drilling. However probable grades can be inferred from bulk sampling and previous mining. I recommend you read the mining memoirs which I have posted recently.

Perhaps you have a short position cfd on alba, in which case you'll get a margin call for Christmas. Perhaps, from the shallow posts you're noted for you're a child who's bored of computer games. You're best off reading some elementary geology texts, perhaps one with big writing and lots of pictures.

Expecting a pme at auction time

:38
Repeated for benefit of new investors. Does not take into account recently found vein.
"According to historical records, there is 1 ounces of gold per 2.1 tons of gold ore. 78507ounces of gold were produced in 49 years. The average annual production of 1602.1ounces of gold. Is the gold content too low? If the content is low , then is there any mining value?"

1oz per 2.1 tonnes is about 13.3 g Au / T

I've previously published my analysis of a grade's contribution to share price with a brief explanation of method and assumptions.
grade in Au g / T impact on SP at assay result + 18 months ... assume 50% of that impact upon results in p

5 Au g / T 0.67p
10 Au g / T 1.35p
15 Au g / T 2.02p
20 Au g / T 2.69p
25 Au g / T 3.38p
30 Au g / T 4.05p
35 Au g / T 4.72p
40 Au g / T 5.4p
50 Au g / T 6.75p

so your expectation of 13 g Au / T would correspond to a share price increase of about 1.8 p
so if you discount the value of all the other assets Greenland etc an increase if SP of (1.8 - 0.47)p = 1.33p
1.33p / 0.47p = 283 %

the above is for Clogau using similar methodology as ...

Mining memoir 1996 for Gwynfynydd
https://www.nmrs.org.uk/assets/pdf/BM57/BM57-70-91-gwynfynydd.pdf

I conservatively value Gwynfynydd in production on its own at contributing 1.17 p per share value and here is why :->

Annual ore mined 10000 Tonnes
Grade 13 g Au / T ore
Annual gold mined 130000 g
Royalty 5200
Gold mined after royalty 124800 g / Annum

Gold price over 5 years 1000 £ per oz no premium, average last 5 years
35.2739907229 £ per g

Annual revenue £4,402,194.04

P/E ratio gold miners 16.78

Capitalisation of project £73,868,816.03

Shares in circulation 5570453989
Warrants un exercised 722080897

Shares warrant exercised 6292534886

Added Value per share 1.17 p

Following assumptions are conservative :-
No premium attached to the gold price
Gold price used is based on a rough average of the last 5 years less cost of production estmated at £200 per oz
Rate of production is as was using low tech

Factors that proportionally increase this :-
Premium for Welsh Gold
Higher world gold prices
Higher rates of gold production

naturally the converse would also be true

Company is obliged to release results as soon they have them. Only short delays to brace themselves if bad news is allowed. They arrive when they arrive. That said, they're a bit slow given the limited scale sample., glad we've our own kit going forward

Placings, I'm not against fund raisers per se, I'm against being excluded from them whilst City insiders get a huge discount. That is why I'd like to see self funding And restoration of shareholders preemption rights

ive been assuming 500 bopd

Bear in mind that not all the sand is the suitable grade for frac sand, but its still a nice little bonus

https://www.indmin.com/FracSand.html

https://www.selectsands.com/2020/11/18/select-sands-reports-results-for-third-quarter-2020/

USD 2.9 M / 49,248 T = US$ 58.88 / T

It seems very inelastic market though. When there is no demand to increase Frac oil supply then its price goes through the floor.

What are your thoughts on what to do with HH ?
Now that a legal obstacle has been removed and assuming that technical issues can be overcome (a big IF)
then would we be better off keeping it as an income stream or selling it for some capital raising ?

If its a sell, then what price do you think our interest in HH could be achieved ?

answering my own question
aquis
https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=ALBA.GB

just out
https://ir.petroteq.energy/press-releases/detail/369

do aquis trades show up the following day on here as a late report ?
is it possible to track trades on aquis, i'm rather ignorant of the system

MR008, Icemagz
would you lend a little of your carefully thought out analysis on this mornings rise ?

but I dont hold the bulk of investment in trading212 as the cheapy account isnt an ISA

@bendog
teeny trades. As trading212 are commission free then I've occasionally used them to find out the true spread when MM b/s distorts buys versus sells. Ive often wondered whether multiple tiny trades are used to give an illusion of sentiment. 100 super small trades may show up as a sea of blue driving bullish sentiment. A small investment if you hold millions of shares and are looking to sell imminently. The shares equivalent of fake news.

Clearly after weeks of only positive and well presented news the fundamental prospects of the company have improved. However the SP does not reflect that. Ultimately, fundamentals always outlive short term sentiment.

We should have enough cash resources to prove up some Greenland assets and bring Clogau into production. I would hope that Clogau should provide enough of an income stream to explore and hopefully discover more in the Dolgellau gold belt.|

I must admit, I had dismissed Mr008's predicitions of 30p however, had I given credence at the time to his prediction, (bearing in mind it was a totally unsubstantiated assertion, so had the logos of tarot cards) then I would have still held as the release of the assay results could have happened at any time in the period of the recent share price decline.

Permit. It may be that the previous permit was not in greenfield name, that's only a guess, I don't know if those permits are in the public domain or not, perhaps a reader on here knows. In any case wasn't it due to be issued today? I'd rather be looking at it than for it

Presence of quartz veins below the previously mined llechfraith workings show a potential for gold mineralisation but not not necessarily proven gold resource. If there had not been any quartz veining then there would not be gold. So the drilling has discounted the impossibility of gold there... I. E confirmed the possibility of gold bearing ore.

Glad to hear the plant is in place and not on a lorry in a queue nor in a container in europort.

It's entirely reasonable to cease drilling over Christmas. Did you expect the drillers to be working away chained to their rigs while you're tucking into Turkey on Christmas day? The fact that drilling is suspended does not mean the lab isn't going to release their assay report in the meantime.

There's nothing not to like.

An excellently presented RNS with very effective illustrations. Relieved to see last items of plant in place.

well we did have significant funds in place before the last placing. Of course more exploration can be done with more funds.