Member Info for GingerHippo

Big K, just for context, it’s worth noting that ORCP has spent over £18M so far on Thar VI. Make of that what you wish.

Steve, if the RNSs are correct, the grade is 0.4-0.6g/t. Not 10g/t.

If you don't believe the RNSs then maybe there's no gold there at all.

Stop making stuff up. Yes, of course I disagree with every post that's based on absolute nonsense and fairy tales, as every sensible person should.

"My figures were based on 10g of gold per ton of ore."

Yes Steve. If you assume the info in the RNSs is completely wrong and grades are actually 20 times better than the company thinks, the economics of the project do indeed improve.

But why stop there? What if the grades are 100g/t? Imagine what the share price would be then?

What if it's 1,000g/t? What if it's 1t/t? Just pick up gold nuggets off the floor, dust them off and sell them? Imagine that.

This is not a way to approach investments.

“ Well over £100k a load value of gold.”

Steve, why do you keep posting stuff like this? 4.75 ounces of gold is worth about $19K, not over $100K. And that’s before costs. If gold prices stay this high which is unlikely. And the ore is not 100% recoverable.

Why are you make up figures for costs? You have no idea.

So you are massively skewing the economics of this project.

Sider, mega will take 50% of the profit, not 50% of the revenue. Profit means after all costs. I think that’s pretty clear.

Also, gold prices are nowhere near $6000 an ounce. It’s around $4000 and likely to drop off after recent spikes imo.

Finally, a measured post in reply, without name calling. Appreciated.

A lot of what you said is speculative as to how you think things could work out in a best case scenario. Eg that mega are covering the costs of transporting the ore, making it cheaper. Not really. That cost is paid before ORCP gets a cut and since we don’t have an ore purchasing agreement you really don’t know what it will cost. But I can tell you that at 0.4-0.6g/t it will cost a lot.

Five months from this stage is absolutely impossible even for an open pit mine. Please do some research into mining projects before making such a ridiculous statement.

Yes Adam, the profit will be split only after after all Mega's costs are covered. Since this is such a low grade resource, there really might not be any profit at all, if it ever gets to the production stage.

If it does get to production, we are talking years, not months. ORCP have other costs to cover so there will be more placings coming next year, guaranteed.

Yes, Big K, if they manage to sell Thar everything will be great. However, it's been well over a decade since they started trying to do something (anything) with it and there has been zero real movement there. As time goes on the chances of developing an extremely polluting coal mine gets lower and lower, not higher IMO.

I still can't get over how some are reading these RNSs. It gives a TARGET, not a proven resource of 2.5Moz, but people seem to assume that the target will obviously be proven up, no problem. I wonder why people think companies do MREs in the first place...?

Meanwhile, the RNS itself gives the overall grade of 0.4-0.6g/t but that is constantly ignored, or it assumed that that part will turn out to be untrue. Like, the target is true but the grades are not?

Unless they discover that grades are much better, there's a really good chance this project will not get off the ground at all. Mines with such low grades only get mined if they're either absolutely huge (economies of scale), or have a decent by-product, like copper, which ORCP doesn't have.

That's what happens in mining. Unfortunately, reality is that most project don't work out.

Big K, may i ask if you bought in for Thar or NZ?

Please don't say both. One is the investment basis and is the "and also they have.....". Which is which?

Yes RiR.

And i would add, stop shouting at anyone who's "negative". They might be a negative for very good reason.

Orange, you're right that NZ carries no risk to ORCP. But, since production is far from certain there is no guarantee orcp will make any money from it, and even they do it's unlikely to be for years. In the meantime, ORCP needs cash to keep going, so it will continue with regular dilutions. That's the risk to shareholders, even if NZ itself doesn't pose a risk to ORCP.

“breaking ground” is still conditional on approvals and proof of viability. It likely means small-scale test mining. Again, there's no way MEGA will turn up to a plot of land with no proven resource and no economic assessment and just start digging. That just doesn't happen in the real world.

Orange, "breaking ground" doesn't mean mining. It means continued exploration of the area.

There is no way MEGA would turn up to an area with a large but very low grade deposit and just start digging. There's loads of work to do before then, and if any stage is unsatisfactory to them, they will simply walk away.

Mega have all the upside and no downside here, that's why they signed the agreement. The agreement itself is not proof that they know it's an economic deposit.

Yes, Willow, you are exactly correct.

This is years away from production, if ever. They don't have an MRE (ie they don't know how much gold is there) or economic or feasibility studies (ie they don't know how much it will cost to extract the gold, or whether it's worth it).

The share price is entirely dependant on sentiment at the moment, with rampers cherry-picking individual drill hole results to back up their optimism, while ignoring other parts of RNSs that don't sound quite as rosy, failing to consider risks, and shouting at anyone who points them out.

Welcome to AIM.

So, if I’m right and the share price continues its downward trajectory, your losses will be even bigger for having tried to average down.

No wonder you hate me pointing out the problems here. But it’s not really me you’re angry at, it’s the losses.

You seem to think it’s not right for me to post negatively now. Was it all right for you to post positively when you first bought in, which resulted in a loss? Anyone listening to you when you started posting has lost money, and you can’t say for 100% that you’re right now, so please explain why you feel your posts are virtuous while mine are terrible.

Truth be told, I’d be less inclined to keep posting here if the rampers were a bit more balanced and intellectually honest.

And let me ask you this, if you feel inclined to be fully honest about it, have you bought shares in the last few weeks for prices higher than this morning’s?

Takeachance, the only people who made money here are the traders and P&Ders. You know, the guys who wrote hundreds of rampy posts daily on the rise, who you’ll notice have all disappeared now.

If I had to bet, I reckon you’re sitting on large losses yourself, aren’t you?

Like Lord who’s been saying this will multibag since over 1p, never admits to have gotten that wrong, and continues to get fake internet likes for continue to say the same things he’s been saying for years.

I also urge you to research what a mining license allows the company to do and what it doesn’t. People assume from the name that it’s the only legal approval needed to go straight into production. But the name is misleading. In reality there are lots of legal approvals needed, the mining license being one of the first, not one of the last.

Manx, I don’t understand you. You have enough self awareness to know you’re a novice, so why are you making these assumptions without researching?

You’re clearly an intelligent person. Don’t you think it’s smarter to research first and put money in later, rather than the other way around?

See, these words are not pedantry. It’s the difference between novices assuming there’ll be revenue within months making this a safe company to invest in, and the market realising there won’t be revenue for years, if ever, and therefore the biannual dilution will continue.

If you don’t understand the mining industry, I urge you to do some research. Otherwise you’ll dive into poor investments money-first and get angry at the wrong people when it all goes sour.

It didn’t say mining in early 2026. It said “breaking ground”. Rampers thus assumed this meant going into production and making revenue within a few months. That’s completely absurd. You don’t even have an MRE yet, let alone feasibility studies, and some guys here think if you get a mining license you just start extracting gold right away. That’s not how it works.

So glad people are starting to wake up.

What's this? Someone actually doing some research? Are my eyes playing tricks on me?

Good on you, Big K. If you keep on researching other claims made by the rampers here, you'll discover just how misleading they are being.

I’m going to call it a night. I can only lay it out as I see it as clearly as I can, I can’t make you agree. But I strongly urge you to properly research the assumptions you are making because you are massively oversimplifying what’s happening here and in so doing, glossing over some very important details.

Take a chance, I’ve been posting on this board for years. I haven’t just turned up to deramp. I know this company far better than you think.