Member Info for JDavo

Mr008, I suggest you re-read yesterday's RNS, and watch a video GF posted on YouTube yesterday
It explains the Greenland spinoff

Mr008, are you a paid deramper?

@Rosewall

The previous owners couldn't do anything with it because the mine was flooded- hence why we applied for dewatering permit

A phase 1 underground bulk sampling programme was successfully completed, with seven bulk samples collected for a total of 36 tonnes of material. The processing of a small quantity of that bulk sample at a third-party processing facility validated the Company's process flowsheet and confirmed the production of a 20.7 grams per tonne gold concentrate.

What you talking about Mr 0008

Another k!

"A phase 1 underground bulk sampling programme was successfully completed, with seven bulk samples collected for a total of 36 tonnes of material. The processing of a small quantity of that bulk sample at a third-party processing facility validated the Company's process flowsheet and confirmed the production of a 20.7 grams per tonne gold concentrate."

How many tonnes were in the bulk sample? £42 per gram of gold

Why? I don't see crazy volume

Yesterday, we thought 250k tonnes in Amitsoq..
Turns out there's a hell of a lot more!

I've seen battery grade between 5-20k/ton, but this was from a website not updated since 2013.

I've been researching and found difficulty finding spherical grade prices. Using 20k/tonne, and 250k tonnes, I magically get the number 5Bili. I have no idea as to the production costs, and of the 250k, it is not 100% battery grade.
Still nice to plug in numbers and imagine

Mr008 bad effort at deramping

Mr008
"The information disclosed by the RNS announced today is known to investors before. Therefore, the RNS has little stimulus effect on the stock price."

That would be insider trading

I want to make some fag packet numbers... Am I right in thinking battery grade is £4k+ per tonne?

From this morning's RNS

"This first bulk sample was taken from previously worked areas of the Mine, and as such the Company is not anticipating high-grade results from this initial processing exercise. The Company is therefore much more focused at this stage on using this first bulk sample as test material for the refining of the processing plant so that it is fully optimised to maximise gold recoveries before the Company's processing team proceed to process the further bulk samples which will be taken during the course of this year. As those further bulk samples are expected to be taken from new, unworked veins, where the prospects for high-grade mineralization are expected to be much greater, it is critical that gold recoveries in the processing circuit are maximised before those further bulk samples are processed."

@TullyCrow - to make the processing plant more effective...
Would you rather process fantastic quality stuff and miss out on a load of gold because they didn't test and maximise the efficiency of the processing plant?

https://www.thesun.co.uk/news/14435213/gold-nugget-prince-of-wales/

Nugget found in Alba's patch in 1979 sold for £25k
The article doesn't mention us though

What was the grade of the graphite we had in Greenland? For some reason I remember 90%, but I might be completely wrong

Hope you all have a wonderful day! Hope for another blue day today!

7 Feb 2013, Stellar Rersources Plc
https://www.lse.co.uk/rns/PRIM/high-grade-gold-sample-results-from-clogau-mine-i2mhm0usojoj768.html

From the above RNS, 263g/t, with gold sitting at roughly £40/g, Resulting in roughly £10.5k per tonne. With an estimated 24,000 - 27,000 tonnes in the lower lode, this should be worth upwards of £250m.

With the mcap sitting at £20m, if we get a similar RNS, I would be sitting on a 12 bagger! Really looking forward for the assay results

In the 2017 auction, the gold was sold for 22x market value, just because "Welsh Clogau Gold"....
700m reserves x 22.... 15.4B Gold in them hills
Although, I may be dreaming

From the article - "It is believed there could be as many as 500,000 ounces of gold in the area, and with gold currently selling at just under £1,400-an-ounce, that would be worth a staggering £700m. "

Assuming 50% profit, might this swing the market cap to +350m? If so I'll be driving a jaguar!