Member Info for ID78

//PM Rns paperwork ready for signing 03/04/23//

Being persnickety- documentation to certify the area as special purpose land has been prepared by the MMHI and circulated to the relevant ministries ahead of submission to the cabinet.

Anyway, my point. The paperwork will have been sent out and with a time limit to respond / raise any concerns or issues. My guess …. 1 month. So this month is up soon (we don’t know the exact date the paperwork was sent out (3rd April at the very latest).

Next step once the time limit is up is it goes in front of the cabinet….

//We were promised this end of January tops//

Sorry, been through the RNS’s and I can’t see that. Could you point me in the direction of the promise you mention?

Time will tell, the AISC of $1250 was mixed HL and CIL, and at 2000oz a month.

It’s not 2000oz a month, it’s higher cost CIL.

But the grade is better than assumed for the $1250 figure, which helps.

But good news is normally made public knowledge pretty quickly. Bad news isn’t. So an improved AISC would be public knowledge by now I’d expect.

I would add, they aren’t slow telling us good news.

So my guess is AISC is higher than $1250/oz and profit less than $800/os, otherwise they’d be shouting about it.

Easy digging but not HL processing (as high grade).

$1250 AISC quoted was for 2000oz a month (more oz = lower AISC) and HL, so really we know nothing… profit might not be as much as $800.

We just know nothing at the moment, it hasn’t been RNS’d.

More like 2700oz, so close to 10,000oz for a year

360 tons/day x 4g/t = 1440 g/day

Recovery = 75%
Plant availability = 86%
1 month = 30 days

Gold per month = 14440g x 86% x 75% x 30 = 27864g

Convert tor Troy oz: 27684g / 31.1 = 896oz

Gold in a quarter = 2687oz

Gold in 12 months = 12 x 896 = 10,751 oz

It would be good to know AISC to understand the profit from that. Best case is maybe $800/oz, so maybe $8mill profit a year. But that’s not including other costs (drilling, directors wages, etc).

It would also be good to understand the CLNs and the no shares in issue to value the company properly.

Still, back to basics mining and selling reasonable amount of gold, can’t be bad. :)

This *pipeline* one not purple one

Posts on here fall into 3 categories

1) what if you don’t get the LP and velociraptor is a duster what happens then to the SP??

2) what if we get the LP and velociraptor hits oil.. we’re all rich

3) the ‘circumstantial evidence’ posts. Stuff like this purple one. Stuff like the posts from master that shows land surveys of the block have happened for the paperwork needed to be provided to the ministries ahead of the cabinet vote. Stuff like the pipeline being built despite the other blocks producing less and less oil. Stuff like the government using special land use as a reason to annex blocks (shows they are using it as a mechanism to get things done in a way that they see fit). And finally things like calling this a project of national importance.

As investors we don’t know what’s going to happen but all this circumstantial stuff does point in one direction and gives us a feel for where this is going. The flippant comments belittling this research (at best) misses the point of them.

Thanks dozz for the the pipeline info.

Well spotted Fred.

Also, if we get the LP I wonder if they continue or stop just before!!

With a tiny SP to match.

In answer to the points below (Curioser) the SP goes down. And the converse if it all comes good, the SP goes up. Risk reward, but you know this, as we all do. We can point out the negatives and positives all day. The SP is where it is and no better or no worse as none of these have come to fruition, yet, and none of this has failed to happen, yet.

Like all investments there is risk, and reward. You can choose a ‘safer’ stock and with less reward. Like a bank, but then they weren’t so safe a while ago we’re they. Or Rolls Royce, but that wasn’t so safe a few years ago. All investment carries risk is my point and all this discussion is noise. We all know what happens with bad news. We all know what happens with good news. So the questions below are pointless to some degree.

The more clues that point to the LP progressing for me - the better - there’s no smoke without fire. And these are the things to pay heed to and hope they minimise the risk (whilst maximising the reward) as some investors will notinvest till the official RNS and will miss a good % gain.

(The questions I refer to)
1. What if the Velociraptor spud doesn't find oil?
2. What if LP issue gets pushed back until the refinery is nearly ready ( in 2024/ 25 if no more delays)?
3. How much will it cost us to buy these additional blocks?
4. How long will £10 M last without an additional income stream?

Interesting.

Local activists getting annoyed about the English…

‘Friends who sell should not’ (and sold out to an English company).

Barclaysshare- thanks, I don’t ave L2.

Appreciated.

A nice finish above 5.82p would be nice, confirming the new support level… MarketScreener is showing the SP 5.87p.

GLA

So did I major.

Looks like plenty were invested looking to make a quick buck on the JV announcement and sold yesterday.

Whether this needs drill results to move. Or whether that’s the sellers gone and stickier hands remain, time will tell.

As said on here the JV terms really are fantastic, free carry through exploration and cash payments too (I have no idea if cash burn but hopefully this means few if any raises and dilution)

‘If only the Mongolian Government would realise that this is a matter of National Significance and sort it for the necessary permissions to be granted to ensure that this happens.

Has anyone heard anything about this?‘

Ahhhh a bit of humour. This board is a hard read at times.

Thanks :-)

Ohh - and keep up the good work master82

//For a so called easy document to be prepared and signed off by cabinet with no need for debate, it’s rumbling on a bit long, don’t you think?//

Politics, Doc

Are they giving the local government time to approve this themselves so as not to ride rough shot over them. There will come a point where they will however push the issue. Again it’s of ‘national importance’.

Land surveys have been performed. Things are moving.

If it was unlikely to pass through the cabinet vote they wouldn’t bring about they mechanism to bypass the local government, having called this a project of National Importance.

They’d look a bit incompetent.

Then, as mentioned, where does leave them trying to attract companies to spend money on new exploration blocks? Spend millions on exploration, but we won’t let you sell the oil.

Time will tell.

The company is trying again at the local level as (for everyone) that is preferable.

However a mechanism has been put in place to bypass the local government should they remain an issue.

And directly because of this issue it is proposed to change legislation to avoid this problem in the future.

No ramping, just facts.

Re the post at 11.46.

Point 1) - MATD are trying the local route again.

Point 2) - as you say MRPAM have drafted paperwork to bypass local government in case (1) fails

Point 3) - central government want to bring in legislation to stop (1) from being an issue going forward for other projects and companies.

So… can someone explain why (2) doesn’t do the job for us if (1) doesn’t? Again this has been named as a project of national importance by the central government. So……….