Member Info for Golfdinger

Hi sinterk

Two that spring to mind are PPS and TRP a 20 bag and a 5 bag though I had a lot more in TRP so made more. It was one of my first big wins and I blew the lot within a few months. I've had a few more big wins, enough to retire on, although I'm more cautious these days as ide hate to have to go back to work. The only stock I hold at the moment is DKE, a cash shell.

Plenty of chance of GWMO doing well, rare earth and copper but don't pin your hopes on the gold. Imho.

8 post in 30 days is trolling, lol! It would have been one post if you weren't ramping this. I gave my best estimate for gold production which you disagreed with, so let's have yours. Remember though, this is a 50/50 joint venture, which means GWMO are entitled to half.

Initially could mean for the first month or the first 6 months. It's a 50/50 joint venture with 18k tonnes maximum processing capacity for the year. I think my figure of £500k was very generous. But if you think it will be millions then good luck.

It's not clear to me, hence my request for clarification. It's a 50/50 joint venture but GWMO get all of the production capacity, is that what you're saying. It's more likely that things are shared 50/50.

Bfdinvestor, which RNS said that they had first use? Is it exclusive use for the whole year?

*their

My figures are honest and best case scenario imho, the numbers are likely to be less. If you're expecting the gold to put them in profit then I don't see it happening, probably not enough to prevent more placings. On the plus side they do have the third party option and access to lots more tonnage at there other mines, so a steady income for several years, albeit less that £500k per annum. I'm not convinced about the viability of the copper so not an investment for me at this stage.

Then again they may just pool their resources which would be less complicated

Apologies for the misunderstanding, likely 50% of production capacity goes to their joint partner

Average gold recovery rate: 65%

Average silver recovery rate: 55%

Using these recovery rates:

Gold:

Total grams of gold = 31,000 tonnes * 1.6 grams/tonne = 49,600 grams

Total recovered grams of gold = 49,600 grams * 65% = 32,240 grams

Total recovered ounces of gold = 32,240 grams / 31.1035 grams/ounce

Value of recovered gold = recovered ounces * price per ounce

Silver:

Total grams of silver = 31,000 tonnes * 3.0 grams/tonne = 93,000 grams

Total recovered grams of silver = 93,000 grams * 55% = 51,150 grams

Total recovered ounces of silver = 51,150 grams / 31.1035 grams/ounce

Value of recovered silver = recovered ounces * price per ounce.

With the estimated recovery rates of 65% for gold and 55% for silver, the values would be:

Gold: $2,549,472.05

Silver: $49,285.95

Total recovered value: $2,598,758.00.

I doubt that they will process 18000 tonnes but let's say they do half of the 31000 that's $1.3m. 50% goes to their joint venture partner so $650k or about £500k annual revenue.

A great time to be mining gold.

They have agreed to issue the permit, it's finally sorted..

It was in the statement at 14.00.

I wonder how they will squeeze them in.

£4?

Fundamentals look good, but clearly there's been a seller for some time, for whatever reason. Once they clear the SP will rise back above 4p, the hopefully a steady stream of good news will take us back to 10p ( my target).

Is my guess, but 400p would clinch it imho.

Saves on wages

Yep on to the next one.

Balls!!