Member Info for itsyou

10.95% extra shares , for 100% extra production.

Would have preferred them to take on debt, financed against the asset, but I guess a debt free company is always a good selling point :-)

Greg,
From the RTO prospectus last summer

"3.7. In connection with Admission, the Company agreed to issue 71,924,425 Ordinary Shares (the “Broker and Introducer Shares”) to Novum Securities ltd and other introducers (conditional on Admission) in consideration for brokerage, advisory and related services. "

N_Night,

"So lets just say we have 4000oz in stockpile right now, we could sell this for essentially $7.5mil at the current price of gold (approx $1860 per oz), correct?"

These are stockpiled with the majority to be processed through the new HL plant.

Total stock piles are 37,293t, of which 31,293t(25,746t + 5,547t) are destined to be Heap Leached. This hasn't even been built yet, so unfortunately this cannot be sold for a while, but it is an asset that would go on the balance sheet and finance obtained against.

So that leaves 6,000 @ 6.30g/t in wood chips that can be processed through the plant now. 6,000 * 6.35 / 28.35 = 1,343 oz. Recovery is 80%, so 1,343 *.8 = 1,074 oz. Value at $1860 = $1,998,384

There is no mining cost as all the stockpiles are waiting to be processed. They gave Mill processing costs as $23.87/t, so 23.87 *6,000t = $143,220

Therefore the 6,000 @ 6.3g/t will bring a profit of $1,855,164 less refining costs and the 1% NSR to previous owners GMRL

Let's use the figures the company has used as 2,919 oz at the end of Q4, so the 2,919oz - 1,343oz(6,000t @ 6.3g/t) = 1,576oz to go to HL. Recovery? The company didn't tell us this, even though the met work has been done. Would have been useful, but let's use 50%. 1,576oz * .5 = 788oz

Processing costs? Going to be a lot lower that $23.8/t. Lets use $15/t. 31,293 t * 15/t = $469,395

Value 788oz * $1,860 = $1,465, 680

Profit $1,465,680 - $469,395 = $996,285 less refining costs and the 1% NSR to previous owners GMRL

Total profits - $1,998,384 that can be milled now and $996,285 that will come from HL = $2,994,669 less refining costs and the 1% NSR to previous owners GMRL

Here's the Significant drilling results from 2012 drilling on the hill, for future comparison.

KPB013
from 26m 6m @ 1.89 g/t
from 47m 1.01m @ 4.97 g/t
from 26m 1.92m @ 1.71 g/t

KPB014
from 101m 6.59m @ 2.41 g/t
from 115m 2.54m @ 10.74 g/t

KPB015
from 79m 2.95m @ 2.47 g/t
from 88m 1.71m @ 1.9 g/t
from 96m 1.01m @ 1.26 g/t
from 103m 3.05m @ 3.1 g/t
from 112m 1m @ 1.14 g/t

KPB016
from 128m 0.75m @ 8.67 g/t

KPB017
from 66m 0.25m @ 11.85 g/t

Another point bearing in mind is the deeper intercept are not really deep, as after all they are drilling above surface level on the hill. Although from Robbie's comments the other day, none of the RC holes sound like they are going past 100m, if they've drilled 15 RC holes for 1,500 already. But the DD holes, which obviously take a lot longer to drill each metre than RC ones, are going to around 200m.

But now looks like they'll get a better price for all that Gold which was built up in the system, waiting for elution. Every cloud!

"high levels of gold-in-circuit at the end of the quarter."

*life

As if there hasn't been enough loss of live the last 2 years!

That's the quote, not the Bid.

The Bid stayed the same; the Ask was dropped.

JC,

"10 times G P = GBP 160M"
I agree, but the 10 times earnings is not possible just yet, but will be IMO.

Kili has only 61,462 of Measured Resources(less a few thousand after what's been extracted), so at 24k pa it's only a 2 year mine life atm. Plus these are not even classified as Reserves in the CPR.

That's why the exploration results are key to extending it and I'm happier to see the RC rig being confirmed today as being on the Kili Hill, than it being in the SZ. For several reasons :

- The Hill lies in the current ML, the SZ doesn't so you'd have to get a new ML. But for that you'll need to take the time and spend money on a Feasibility study. Then wait for the Mines Dept!

- Cashflow spent on RC drilling can be better spent on near term increasing the confidence of the Resource(Measured), instead of a potential SZ pit over a year down the line.

- VSA in their valuation give Measured Resources a much higher valuation as apposed to inferred, which would be at the SZ.

To recap and what Robbie always talks about. The company are doing things in reverse. Normally you find a deposit, do the Feasibility studies, turn Resources to Reserves, build the Plant and then start producing. Here they have the plant and need to do the reverse.

One thing to note when the exploration results do arrive and people start comparing grades/widths with other exploration companies. You cannot compare. A Exploration company needs higher grades and widths as it needs to justify spending Millions on drilling, FS studies and Capex for a Plant. $25-30m Robbie said yesterday for the Plant alone, which Caracal already have with no debt.

+
"The company has demonstrated strong progress towards its 1koz per month target but in doing so has also identified areas for optimisation including the elution plant which was a bottleneck in the recent period. Some work has already been carried out and the company has indicated it will install a new elution plant as part of the wider expansion which will also improve efficiency."

Appletree,
No it's just the gold sticking to the carbon after it comes out of the CIL tanks.
Just needs putting through the elution plant to separate the gold and carbon.

Caracal Tweeted the below images last week, so I'm assuming another presentation is on the way. Looking forward to seeing more of the pages.

Page 3 : https://pbs.twimg.com/media/FKqMhIHWQAMj9co?format=jpg&name=4096x4096

Page 7 : https://pbs.twimg.com/media/FKqX8ADXwAIYlp7?format=jpg&name=medium

Page 8 : https://pbs.twimg.com/media/FKrauzmUUAwe1Kg?format=jpg&name=900x900

Another interview https://www.youtube.com/watch?v=3-KqX-qDZ_w&feature=youtu.be

"We've got some exciting exploration results coming in, which will be announced very soon"

VSA in this morning note covered this.

"Another important aspect of the plant upgrading will be to decouple the various parts of the plant to enable continuous operation during periods of maintenance or downtime so that the entire plant does not have to be shutdown"

Hi Trek,
No worries,...i asked for it to be deleted as shouldn't post while after a few too many, as comments always come out wrong to what I meant. If you want a producing goldie with no debt and an exponential growth plan, look to see where else I post, where I have a large position. I'm still predominantly in cash , which I'm now looking to put into the market. No more ONC though. Sorry for the late night post!

Align research note got it wrong. They predicted 18,000pa; now 24,000pa. Should've waited for the official RNS ;-)

Trek,
Not the best of your tip...followed you here and bought on your recommendation at 2.40 and all the way down. Should have stuck to what I know.

You said you've subsequently admitted to selling from my initial buy price and down, taking profits as you say while i was buying. not cool promoting while selling.

Not selling here...but 180k shares in the bottom draw for someones inheritance.

...if not better than they originally hoped.

Yes Mickey. It implies to me that the drilling visuals are looking good.