Member Info for EyeGuy

So from continental gold costs for Buriticá

Initial capital costs in the Feasibility Study dated February 24, 2016 were $389.2 million, including contingency but excluding working capital. As at August 8, 2018, the Company revised the total project costs estimate (including scope changes of $74 million) to be in the range of $475-$515 million (including contingency but excluding working capital)

Point to add aswell is that Newmont would appear to be willing to spend capex which next door is $400 million from memory to get this into production. From rns;
Upon Newmont completing the Phase 3 earn-in, Orosur may elect for Newmont to solely fund all expenditures until the commencement of commercial production at the Anzá Project. If the Company elects for Newmont to do so:

Bid chasing ask now and spread has come down. Looking good for a big push

6.10 ask now and can sell at a premium. MMS short imo and trying dirty tricks
Hold for gold - gla

Its volatile certainly. Will keep adding under 6p

5.75 on the offer but no shares available. It seems to be a shake

Agree with that. Newmont would not be spending millions on a dog. Value will out in no time

In terms of 2 days of rises it’s doing well. In terms of where this is going over next few weeks imo too cheap. History shows us that with the likes of Marl and solg and more recently ggp with their Newmont tie in which did not happen.
Shares from yesterday likely still not sourced so mms will do anything for cheap shares.
Do

Took another £1.5k. Just under 300k shares now.
Too cheap. Been in solg and marl at these stages and imo this is better

Typo - funding

Downside to these projects is always finding but not the case here which is rare.
Imo just about loading up at these prices as value discrepancy is too much imo.
Sit and hold and wait imo

Is just south to Anzá on the same gold belt
http://g1.brazilresources.com/projects/titiribi/

Yes - was in Mariana for years. This seems better to me.
Look guys- the trade yesterday imo was Newmont buying in.
The trade from now is looking at the project next door at $600 mill
Npv , and this seems likely to follow with a major in control. Its trying to work out value for this stage. I reckon 30-40 million for now is about right for this news. MMS I think havent settles yesterday’s trades so will be volatile. I have more cash to add if this dips

Agree with that. However this is better than solg imo because Newmont are funding the exploration too for a % stake in the project. So not only do they have circa 20% of the shares, have paid cash to OMI, they are also paying for the exploration. Can definitely see 20-30p here even without any news. Far too cheap imo. And they already have the high grade gold so its less speculative. Can see a big rise coming. Imo dyor of course. Last top up so now have about £13 k in. Dyor

Spike- I aint bothered about a quick tree shake. This is 50km south of a deposit worth $600 million on the same gold belt and they are now having this project led by one of the worlds biggest a mining companies who will fund it.
This isnt imo going to drop. Its going to be bagging from here pal imo. All drill results they have show high grade gold and it’s open strike.

http://www.orosur.ca/files/2018-04-04-Colombia-Drilling-update-3-FINAL.pdf

Look at the map and note how they have only scratched the surface here.
Nice. Bloody nice

http://www.orosur.ca/files/2018-06-07-June-Charrascala-Exploration-PR-FINAL-Website.pdf

Hard to know what mms doing. My buy yesterday in the 3’s has been accepted but shares not sourced.
So mm’ are short. Will be volatile admittedly but looking at the huge discrepancy between mcap now and where this is going mms will try all their dirty tricks. For anyone wanting to hold more than 10 seconds come back in a few weeks and imo will be well over 10p. Dyor of course but high grade gold found and Npv of neighbouring asset worth 80x this with no funding issues here. Next solg this imo

Very happy being locked in. Eyeguy and Newmont locked in. Like it ;-)

Typo - continentals mcap $600 million (600 million dollars) and the Npv of the project is about the same
Dyor - I have and have added