Member Info for ID78

Legalwolf : a 10mill MCAP producing 500oz and aiming for 1000oz gold a month…. the story sounds similar to another gold miner we both bought into!

Gold production last year wasn’t great (maybe 2700oz). But the updates are coming thick and fast (monthly) as they are keen to point the ramp up in production from 380oz (Dec) to 416oz (Jan) to 522oz(Feb).

Unlike that other share GRL are not bagging on about mine expansion and funding. GRL are keen to point the low cost in expanding the heap leach pads and the cost is already accounted for.

Another risk on that other share was the ramping up to the tonnage of ore. Today’s RNS seems to say they have successfully ramped up to 48000 tons of ore. So this doesn’t seem to be a risk for GRL.

The only thing annoying me is that in July there was talk of heap leach pads 5,6,7. In February pads 6 and 7 are still in construction?..

So… what are the risks? Low grade ore? they seem to be saying that returning to pit 1 the grade will improve and in turn the gold poured.

Additional costs of exploration to increase the 602,009oz JORC?

I think the biggest thing I can take from comparing GRL to GCAT - and GCAT we’re also producing gold. Is the transparency in reporting gold poured is far better (feels more honest) and as I said GRL are not banging on about needing millions for a mine expansion.

As you know, I value your comments (legalwolf) - what are your thoughts?..

Well said PP.. exciting times

No bother - marketscreener allows 3 or 4 free searches a day.

If you sign up and don’t subscribe you get maybe 7 or 8 searches for free per day.

Share trader - I just look on marketscreener for an idea.

It’s suggesting 14p then 20.75p. After that a massive gap to 38.5p…

If we can take out 14p on this set of drill results I’ll be very happy. If not then it’s the next set of drill results

Thanks 👍

I actually decided at lunchtime I’d buy a few of these, but H&L don’t recognise TIR!

Dr Remington…. not gona lie this brightened up the board with all the nonsense from the troll.

‘ Anyone invested in Collective Mining? I’d sell asap, they’ve just had a terrible drill campaign, the latest being 150m @ 6g/t. Absolute fools gold over there’

Keep up the good work :-D

Yeah good point, Legalwolf

I should add that even 1 to 2 g/t is commercial if you heap leach. These grades are good enough that you don’t need to heap leach.

Well… for comparison a company I was invested in were very happy with these drill results

Hole xxx37. : 2m @ 3.58 g/t

Hole xxx46. : 5m @ 1.62g/t

Hole xxx47 : 6m @ 1.65g/t

The best was 4m @ 3.51g/t

Make no mistake 3.75g/t is decent; it is EASILY commercial but what I’m loving is the 40m depth not 2m here and 3m there. 40m depth of gold!

Omniscient - the company I was invested in would have bitten your hand off for these results!

(Not from AI, just experience and knowledge)

0.5p x 366.5mill shares = £1.8mill MCAP increased for anyone wondering

So …. $9.7mill dollars or £7.7mill

SP increase of 0.5p or £1.8mill?…

Hmmm I might have to buy some of these (if possible!)

FAO Tiburn

‘ Thanks Trek, great post’

It’s what he does, one of the greats on these boards imo. Lucky to have his input

A director buy of 15mill shares. (For masksnewnorm)

CopperToday 13:05

Diversification from China leaves $85bn gap in copper supply chain, warns WoodMac

https://www.mining.com/diversification-from-china-leaves-85bn-gap-in-copper-supply-chain-warns-woodmac/

'Existing mines and projects under construction are expected to meet only 80% of copper needs by 2030, the International Energy Agency has said.,

WoodMac document

https://www.mining.com/wp-content/uploads/2024/08/horizons_aug-2024-whitepaper-final.pdf

Perplexity summary

The demand for copper is projected to increase significantly, rising by 75% to 56 million tonnes by 2050, driven by the global push for decarbonization and electrification. However, the focus on mining alone overlooks critical downstream processes such as smelting and refining, where China currently holds a dominant position. The U.S. and other nations are seeking to diversify their supply chains away from China, spurred by legislation like the Inflation Reduction Act, which aims to bolster domestic production and reduce reliance on Chinese metals.

China's investment in copper processing has been substantial, accounting for 97% of global smelting capacity growth since 2000 and nearly 80% of new fabrication capacity. Despite efforts from the U.S. and Europe to enhance their capabilities, achieving independence from China in the copper supply chain poses significant challenges. An estimated $85 billion in new smelting and refining capacity would be necessary outside China to meet future demands, but such investments face hurdles, including environmental concerns and market inefficiencies.

The complexities of the copper supply chain necessitate a pragmatic approach. While some new smelters are being developed in regions like India and Indonesia, the overall growth in capacity outside China remains limited. To effectively transition to a low-carbon economy, stakeholders must recognize the need for collaboration with China while investing in the entire supply chain, not just mining, to avoid higher costs and delays in achieving climate goals.

Citations:

[1] https://ppl-ai-file-upload.s3.amazonaws.com/web/direct-files/18732514/ae1eb501-10e2-4002-afae-ad8a0b43ee2b/horizons_aug-2024-whitepaper-final.pdf

Dvharrison - I filtered moonshot.

There’s no taking to a crazy person. I appreciate the contrarian view. It makes me think twice. But when the person can’t even write a coherent statement. Well, your trying to reason with a special kind of stupid, it’s not worth it.

Enough .. 10, 15% but they are slightly more volatile funds.

Also the story is more convoluted. I had sold the safer funds the week before and moved to these 2. Now it seems the short term chart is showing a downtrend so I’m out until I see a more positive trend.

I’ve some money invested in funds. Monday I sold out the 2 worst performing. The idea being to see the lay of the land and be more active with those funds…. Slightly annoying I didn’t sell sooner.

As for where the markers are going… not a clue. But I hedged my bets a bit with selling those funds

Page of cups - this is true of those buying wanted out at the price they paid then that is the volume.

If you assume they want out at a profit the SP has not been able to support that until the last few days and the vol is closer to 2.2bill. So a bit to go yet, not the 100mill you suggest IMO

Looking at the chart it’s only really the last 4 days you could flip placing shares for a profit.

Volume (including today) approx 2000mill. Placing shares 1250mill. So if we need 3 to 4 times the vol of placing shares then the overhang could be gone in 3 days…