Member Info for Greg25

Going to be 1Moz+ and 5p by Xmas

It will be an independent qualified competent person. Using the krigrig system following the JORC compliant code.

RM said they were just dotting the I'd and crossing the t's. Sounds more like they're signing a contract for something.

Don't be surprised if news comes like waiting for a bus and we get 3 lots in short succession.

Not saying they will do exactly the same as Shanta Gold but Caracal Gold will be doing something similar after the MRE is how I see things panning out .

https://www.lse.co.uk/rns/SHG/new-loan-facility-and-trading-update-7nx27xvndwfof9u.html

The updated MRE will support future production grades for forecasting purposes. Even though production grades are always average as it's variable.

Just looking at Q1 results and the company would have made upto $600k from production and spent upto $900k on exploration. £2m ($2.4m) placement and spent $500k on Nyakafuru.

$3m - $1.4m = $1.6m RM says currently they have $1.75m so they have sold more gold but still have another $1m to pay on Nyakafuru.

Exploration on Kilimapesa $300k per month for 2 rigs.
Exploration on Nyakafuru possibly £300k+ per month
$750k in bank with $600k+ per quarter in profits.

See where it's going? Exploration will be funded from production and expansion will have to come from capital investment.

MRE - Capital Investment - increased production - MRE capital investment - increased production.

The end goal is 50Koz once the plants are running at capacity producing 24Koz they'll be looking to double the grades being put through throughout all the plants.

Check out the last two assay results and you see this

Chief executive of Caracal Gold Plc, Robbie McCrae, said: "The second batch of sample assay results from the drilling programme on Kilimapesa Hill continues to confirm strike and depth continuity, with positive gold grades, as anticipated.

What was anticipated?

strike length of 1,875km has been identified and drilled with the remaining drilling expected to extend this strike 300m to the west and 400m to the east for a total of 2,575km.

No I'm super confident the delay is because it's better than expected results.

ID78 I don't think it will be production & sales that it will rerate on. I think it will be the MRE followed by multi-million pound investment then another MRE and then finally production & sales all by the end of the year.

RM was over here just a few weeks ago and he didn't come back for a PI meeting I'm not buying it.

5p by Xmas

You'll see

RM said last night it's 2Moz from Kilimapesa and they've already drilled the bigger of the two strikes of which is twice the original size from last MRE.

1Moz MRE coming next and nearer 2Moz by end of year.

Well the buyers haven't materialised but it doesn't change the 1Moz MRE is coming it just means they'll pay more.

Watch the buyers come in before close it's nailed on IMO

Do you all think RM flew in for that interview last night? The company isn't going to move forward very far with just PI's

He's courting potential institutionals, don't be surprised if there's going to be a major investment coming here. The MRE will be used in that process.

I'm calling it, they're wanting 2Moz from Kilimapesa and surrounding area.

So that's 1Moz from Kilimapesa hill + 1Moz from surrounding area.

Kilimapesa hill is 1.6mile strike alone

Starting to think 300Koz is a bit of a low-ball it could actually be a lot higher

He definitely said 2Moz from Kilimapesa and surrounding area.
MRE is going to be a minimum of 300Koz uplift.

You'll see

Than originally anticipated.. I had this with a minimum of 300Koz uplift but could be well short...hence the delay as more data comes in. I certainly don't see below 300Koz uplift.

updated MRE - CAPEX investment - increased production - updated MRE - CAPEX investment/ takeover/ joint venture/Acquisition - increased production.

This is how I see the next 18mnths.

Hold a lot of Oz that is cheap to extract which increases profitability

Giovs it's all to do with turning low-grade drill results into a high-grade mineralisation. It has to hold a lot of ounces to make sense.

Evolution 10 you'll do very well IMO

Future investment is reliant upon an uplift in the MRE.

I think some serious investment is coming our way so there must be a serious uplift in Oz.

I'm predicting 300Koz minimum uplift

You'll see

Where's the liabilities where's the company debt?

Hold for Gold

You'll see