Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
SI - if you listened you would know why1 - if you dealt with facts you would know why .
OCIM out a last minute detail in could not be done by law - that is why the OCIM deal collapsed - FACT.
They wanted security of the Mine - you can not have security of a mining licence in Kenya if you are not a miner .
So stick to Facts .
If you don't want to be a shareholder SI - no one is making you , however stick to facts. And listen it is not that hard .
ID78 it is nothing to do with POG. Anyone in the mining industry could tell you the average worked Gold price for the next 15 years - that's why they exist.
Miners and Funders do not go on a three month chart a 4 week spike, or a 12 month spike. Life of Mine Sales , and Life of Mine costed , stress tested and full modelled .
Relisten on Youtube - it's clear to anyone that takes the time.
The interview is available via Stockbox Media - Twitter and the Youtube link which was posted at 16:51 .
If any post is deleted search StockBoxMedia #GCAT on Youtube or X. Check the date to make sure it is the current one. Hope you find it useful.
For those waiting for the recording , it will be posted sometime at the Weekend.
Robbie went into great detail answering over thirty questions, and the Telegram group will collect more if someone has a genuine question .
Minopex Advisory (Pty) Ltd, a DRA Global Group Company, are carrying out the work program on behalf of Caracal. The scope of work/phases are as follows:
· Phase 1: 3-year mine plan to support Kilimapesa expansion financing;
· Phase 2: Full remodeling of Kilimapesa Hill deposit including additional drilling;
· Phase 3: Update the MRE (JORC) for Kilimapesa Hill deposit;
· Phase 4: Completion of 10 year mine plan for Kilimapesa Hill deposit.
Highlights from the Phase 1 work are as follows:
· Independent Technical report providing 36 month mine plan for Kilimapesa Hill deposit;
· 49,155oz forecast production;
· AISC US $1,055 per oz;
· Gross Revenue + US $83.5m;
· Total Free Cash + US $31.7m;
· Gold Price US $1.700 per oz.
The Phase 1 mining plan has 2,427,279t of ore mined over the 36 month period at an average grade of 1.06g/t. 529,756t at an average grade of 1.8g/t are processed through the Milling/CIL plant with 1,897,524t at an average grade of 0.86g/t processed by the Heap Leach plant. The plan assumes a 75% recovery by the Milling/CIL plant for 23,002oz recovered and a 50% recovery through the Heap Leach plant for a total of 26,153oz recovered. Combined Milling/CIL and Heap Leach production over the 36 months is 49,155oz. - THESE ARE NOT Robbie they are by another Company
Some forget this is not an expo just starting their journey with a few strikes and the odd deposit years away.
This is a producer. This has a production record. It has a independent costed Mine plan.
It has been working with credible funders for many months.
It is looking to upgrade the Killi plant.
Mine more High grade.
Later on develop Vim Rutha.
And has the huge potential of 280skm in Tanzania .
Yes that's what I read JC, I wasn't about in the build up to to it, however reading up on. what happened that's when I started . It's been pretty clear since then they have been dealing with a more credible funder since then, hence the time scale and conditions that need to be met.
With Gold prices like to see a significant rise for the next 12 months it comes at a very good time for them . All the figures used are always pretty conservative, if they get new equipment they should be better imo.
It's entirely your choice when to invest or not LW, and I understand that people may want to see that in place first, as clearly an investment is a long term, not a short term thing.
As I said lots of questions with a public forum .
There are Q and A legal -
There are plenty of them, and they will be made public , if you don't submit one - it's all public later.
However as your expertise might know, it would always take longer with a smaller operation than it would with the like of Newmont.
You just cannot help yourself .
You really have to question your agenda, well it's clear for all - Pizzas all round .....
There's much more to come , using the profit quoted , not the turnover and using 3 v $ at 1.25 its at least 5 x current SP.
Yes any douters work out the Free cash figure v current SP and convert for USD still using $1700 and multiples .
That is without VIM Rutha and Tanzania .