Member Info for Glasir

Have any of you came across: http://www.geologywales.co.uk/dgb/ ?

I like the part about a section 6ft x 4.5ft x 9in which produced over 500oz of gold (allegedly)

My terrible maths makes that around 1.3t of ore for 500oz.... if they stuck a core through a vein half of that it'll be front page news.

Fingers crossed!

When I have done cores in the past even the slightest glimpse of something unusual can cause a geologist to abandon their coffee and spur into action.

I have no doubt that you can see hints of this when they speak about their expectations for the project. It is a gold mine, after all!

England opened up sooner and faster, has locked down later.

The panic is in England, if Wales can continue to take bolder action against the virus there will hopefully be no need to cease operations.

I'm sure there are many of us here who have worked all through lockdown on various dubious 'essentials' jobs.

From what I can make out, taking Scotgold again as a case study.
Last year they estimated monthly income of approx. £1000000 = $1300000 per month.
With a gold price last December of $1150 by eye.

1300000%1150= 1130 oz per month
1130%30=38 oz per day required to hit target

This is just my very crude quick maths.

My thinking continues my questions last week regarding extraction. It might not be viable or even sensible to imagine that the plan is to empty the mine quickly.

Having a steadily producing mine with a premium product might be a more profitable approach. Is there any rush to extract thousands of ounces?

This is all my own thinking so I am probably wrong on all fronts, I'm in for the long game so look forward to seeing if I am anywhere close.

Surely if the workers are taking precautions a mine in the middle of Wales is about as safe as anyone could be. Fingers crossed.

I only just bought in here but still hoping for good things to come. The geology is so interesting that even if it doesn't reach £1 I will enjoy hearing about the project as it progresses.

My second investment in AIM and very exited to see what happens. So cool that it has made many of you a small fortune!

If nothing else it'll hopefully give me enough to invest in some others further down the line.

IMO anything with fracking in the blurb is to be avoided. I would imagine it holds as many investors back as it draws in.

The ethics of the next generation coming through will play a massive part in future attitudes towards policy. Anyone unlucky enough to be part of that particular months buzzword campaign for social media to jump behind is in trouble.

It won't be long before these are the men pulling the strings, and any company who wants to be able to advertise themselves as providing minerals for a clean, green future will need to deal with any skeletons in the closet.

Just a thought, alot of very wise words on here but sometimes an outside view which is yet to be pulled either like my own can be useful.

A very interesting clip.

Minimal disruption to surrounding materials, very targeted in approach. Just the kind of operation you want these days, minimal environmental impact.

Looking at Scotgold yesterday showed me that these recovery methods can be hugely profitable.

With the sheer scale of the gold belt in Wales this will employ many men for life. A brilliant project to be involved in.

Short term thinking or critical thinking?

Questioning everything, including your own views can allow you to see a broader picture.

The Scotgold clips give a good vision of how it all comes together.

It seems that these mines can be very profitable using very basic methods. They are literally cutting through the veins using cores to guide the most economical route at Scotgold.

The technical advancements seem to be more aimed at the processing of the raw materials rather than the extraction. Obviously removing heavy metals from processing is essential in the modern world.

I'm not concerned at all about the results, there is gold, of that I am sure. The fact that other companies are making a killing using the same techniques shows me all I needed to know.

Can you elaborate on modern mining technique?

Unless the plan is to quarry the entire area surrounding the resource, therefor negating this, i fail to understand this terminology.

I understand that drilling a core maps the route of the resource, I understand that trenching does the same.

My question is what technique allows for the quartz/gold seam to be removed from between the rock without following it into the hill with a mini digger as is shown in the press release?

Obviously we are here because it is worth a punt.

Nobody seems to be thinking outside the box on the operational side of things. I'm in half a dozen investor groups for projects I've been involved in, I've invested in none.

Is this board for people who frantically repeate a mantra or for genuine thoughts and questions...

My plan is indeed to hold for gold, I'm just interested if anyone has thought to the next steps.

I don't expect anything at all, it is my first big AIM investment and I expect to be burnt.

I'm just voicing my thoughts, might not have alot of expertise in the stocks side of thing but I've worked hard with plant my whole life.

Has anyone with experience in the extraction side of things got any input? For all the talk of technology making things easier scraping a face with a 1.5t digger and a power barrow is about as non advanced as I can think, its 1 step above a donkey and 4 men with picks and shovels.

He doesn't lay out his arguments clearly, but for a newcomer like me who is down 13% he seems to be pointing out areas of concern.

I am in several other holdings which seem to be taking off on speculative results. It does make me wonder why even after several press releases saying all is good the stock is tanking.

Obviously once you find a resource you need to extract it, that is bottleneck I can see.

Once the resource is quantified, what is the mining process? Have we really moved on leaps and bounds when it is taking months to collect very small bulk samples? It seems to me they are scraping the quartz away with mini diggers and power barrows. When you look at the specific gravity of quartz it doesn't take much to add up to tonnes.

Just occurred to me when thinking why everyone isn't investing everything then have into this.

From what I understand it is a pilot processing plant, and if the pictures are correct it is capable of being handled by a 3 ton forklift.

It doesn't seem to be designed to be processing large amounts. My thoughts are they hope to keep any discovery in house?

Easier to buy the silence of half a dozen men operating one plant possibly.

Thanks for the advice.

Yes that was my main thought, I can see why people would invest more than they can afford. There seems to be considerable hype surrounding many small mining companies.

Thanks for the advice. I suspect most of you on here have considerable experience and reserves to draw upon.

I think I will stick to a limit of around 1k on this and hold.

Should read 150k shares.

Hi guys, I'm very new to investing and stumbled across this board.

I have bought roughly 150k worth of stock which I can forget about. I don't want to invest what I can't afford to loose but at the same time when I heard people buying a million shares at a time it makes me think.

Is the idea to make a pre determined profit once the share price hits the chosen price, or hold the stocks and see where they end up?

I work in a sector with many fantasy businesses who absorb money for years whilst sweet talking investors so I am not naive.

Any advice would be appreciated, my plan is to throw a few hundred quid a month into this until I cant add at under .5p unless any advice I get today changes things.

Thanks!