Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
touting 2p by year end was quickly removed. Very wise. It's not totally impossible of course as long as all the ducks line up fantastically in our favour or after dewatering they discover a secret entrance to a huge cavern full of gold treasure (though guarded by a fire breathing dragon) :-)
No use ramping here, a lot of people got badly burned by St. Tropez and cronies hyping Alba up to over .55p prior to a subsequent 75% crash.
It's not GF's job to fluff up the s/p for the short term benefit of traders. He's there to grow the business organically through competent business strategy and mining exploration decisions, and to comply with any environmental issues encountered along the way.
I don't know what grades GWMO are expecting if and when they find the continuation of the gold bearing quartz vein but Alba's historical grades were around 17gms/tonne average, and they have found evidence of a widespread quartz vein system in the area. The jury is also out on whether GWMO will find commercially viable gold elsewhere on their licenses. So, gold wise I prefer Alba but should the copper quantities that were once hinted at existing under Sharktooth ever materialise, then GWMO will go to da moon. IMO...
This is what we need - https://m.youtube.com/watch?v=noimHb2S-dM&pp=QAFIAQ%3D%3D
I find it strangely comforting that a highly professional legal team is also well out of pocket having been stitched up just as we have been. Makes me feel much less of a dumbass...
Well, I never expected to be back below my average of c. 2.70p. Gotta say the doubters have been right so far. Can dithery Nick pull anything out of the hat for us as it's a long way to go until the rainy season ends?
Lovely copper grades but how much is there and if it is there in bulk could they ever get permission to dig it up in an area of outstanding natural beauty? Chasing gold in quartz veins seems a much more viable and environmentally sustainable venture.
I loved the story of the Bluejay Greenland environmental survey team that went to check on the walrus population up the coast from where their workings were to be sited. The locals there said - "Walruses? Ah yes, there used to be walruses here but we ate them all!" :-)
Makes me wonder how easy it will be to get permission to mine in the rest of the national park area even if there is plenty of gold there?
It's not like the bats have been there for millenia, the creation of the mine in the 1800s gave them a new home, so they must have migrated from somewhere else. So let them go back there...
Yes, if pumping out a bit of water is enough to irritate those bats then rock blasting is going to severely p!ss them off! :-)
Ditto...
As there are strategic minerals involved I would expect project financing to prove easier to source than usual.
Filtered
Sounds like some govt dept trying to justify their existence. I don't forsee much problem if the mine water is clean enough. My first impression of Wales many years ago is that it gets the equivalent of half an Olympics sized swimming pool of water dumped on it from the heavens roughly every five minutes! What's Welsh for did you bring your brolly?
The geological term 'massive' doesn't mean huge, gigantic, etc. It means the rock is made up of tightly formed particles of the same mineral, rather than a mixture or layers of multiple minerals.
Come back in a year or two then....
How are they going to show gold production when they haven't even finished scoping out the extent of the gold bearing zones or even attained permission to mine? You can see from the RNS that they have found new zones adjacent to historically productive areas, yet the govt (as usual) is dragging its heels over granting the go ahead to dewater or mine. The company have clearly been very busy trying to progress things but are at the mercy of stifling govt bureaucracy.
Ruddy Nora! :-)