Member Info for ID78

$500,000 paid today, so presumably they have this already.

$1,000,000 to be paid end of July. Presumably, if this is funded by a placing (and it may well not be funded by a placing) then presumably Robbie will be doing his best to push the SP up before the end of July…..

That was my take on Tanazania. Therefore a delay would
not be a bad thing giving time for Kilimepesa to (hopefully) drive up the share price.

* a good interview none the less highlighting again what a great opportunity this is

Ohhh one other thing, Tanzania. He seemed to imply the MCAP needs to be better to go after Tanzania. Did I pick that up correctly?

I’m not sure that we learnt much.

- I did learn they have drill 100 holes RC which is 10 times what of what has been drilled on the hill before now, and the previous strike length was only 300-400m. Strike length has been increased to 2.5km

Everything else regarding drilling we knew, 2 mill oz is the target, but that is in total, from the hill and 7 other high priority areas yet to be drilled.

- Also discussion on an event (presumably) this was to present to investors and could hope funding. It gives Robbie goosebumps thinking back to it.

- Q2 production will be lower than Q1 but HL should offset the drop a little.

I’m not really sure we learnt too much more from what has already been said. A good

Sorry, your post on here late on Saturday, no email.

Still trying to wake up after a hectic weekend

Really busy yesterday and I’ve still not fully taken in your email Apro, but certainly the lower grade ore needs processed by the milling circuit which also feeds the CIL treatment. So you may well be right.

Hargreave24, feel free to share your numbers on here. All useful debate.

Stockbox interview today, looking forward to it.

I hadnt seen your post, Aprogerson. I agree, mining the ore will be the issue.

And as you say the AISC will drop so the $650 profit per ounce will increase with the HL pads..

Too tired to take your post in fully I will read it again tomorrow :)

Those numbers were wrong…

- HL could produce 3000oz a month (with the 100kt pad and the smaller pads)
- CIL and tailings 2000oz a quarter, assume 650oz a month.
- Decoupling CIL and tailings and it doubles to 1300oz a month.
- In total that is 4300oz a month and closer to $2.5 mill dollars a month in profit of the gold sales (assuming $650 dollars profit per oz)

The point remains, I would get the 100kt HL pad commissioned and (if needed) fund elution plant and infrastructure changes by debt.

The upgrade to CIL and tailings, to double the production, I would do at a later date, funded from the gold from the HL and the current CIL and tailings (decoupled and working separately) and a new elution plant.

Robbie did suggest most of the ore was to come from the HL pads and I feel the CIL and tailings are going to take a back seat. The low capex and opex HL do seem to be his focus and it makes complete sense from a finding point of view.

Working in tandom!!! (Working in series)

I don’t really have enough info on the capex costs.

The large HL pad is a must as it is low cost and may produce 2500oz or more a month. With the smaller pads that is more than 3000oz a month.
Decoupling CIL and tailings is also important, I think this could result in 4000oz a month (currently it can do 2000oz) working in random.
These updates should hopefully not be so costly.

To handle 7000oz a month I assume the new elution plant is needed.

I’d then try to find the new CIL plant and tailings upgrade from the 7000oz a month gold sale (>$4mill a month profit).

The main costs would therefore be the elution plant and the infrastructure changes.

Helium shortage:l (hopefully the link works)

https://apple.news/A44ZUIjzPRmG-6LD6xfIaqg

‘In January we produced just under 1000oz’

Spot on Aprogerson, thank you.

Hmmm …. is he saying they can do 12000oz per annum now, and without the HL pads??…..

I’ll take another listen- thanks again Apro!

I made a mistake earlier. If exploration is $300,000 a month. Gold sales are 1000oz ever 3 months, bringing in around $650,000 then this does not pay for the exploration ($900,000 for the quarter).

The 1226 oz for Q1 is getting close, but still not quite covering the exploration costs.

I’m sure Robbie said exploration was funded by gold production so I am (again) a little confused.

Need to change my username to confused78 :)

Thanks Trek, appreciated.

Sorry everyone.

Trek you mentioned CLON. If it hits oil, where do you see the share price (£5???… a wee HE1 joke, but my question is entirely serious).

In other words, what do you see the risk ve reward?

@dancing Fred

Yes, exploration $300,000 a month

Profit from gold sales closer to $650,000-$600,000

Gold sales easily find the exploration :)

@legalwolf

I agree regarding the forward selling and as you say why be in London? It has to be to work on financing. ..

Thanks for responding Suggins, that would make more sense. Much appreciated!

Yes , a good interview. Robbie is the largest or second largest shareholder. Good to know!

- AISC of $1200-1250, when it was $960 in Q4 of last year (prior to switching power supply to decrease costs?

- Exploration costs are half of the profit from gold sales

- Drilling moving of the hill, need to explore all the area to get (hopefully) to the 2mill oz, so again questionable how big an increase we will see at the end of June. However previous RNS statements said things like ‘confirmed expected gold mineralisation which strongly correlates with expectations’. So it sounds positive.

- Producing 1000oz a quarter

- Heap leach pads, CURRENTLY doing 15000tons a month
- ramping this up to a serious tonnage (15kt a month is not serious!)
- majority of oz to come from heap leach which is low capex and low opex
- so >12000oz from heap leach

Ramping up June, July, August, Sept… so Q3 update (in Nov) will make for interesting reading.