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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! :-)
.225p - lol
Try 1.50p bought at the height of the gazillion tonnes of copper under Sharktooth hype and ensuing mania..... {sigh}
On yer bike, Travelcard...
A libellous statement, possibly amounting to market abuse which perhaps should be looked into? Do you really think AA would be happy for Arcm to put out RNSs with their name in the header unless they actually were in discussions?
I don't want to point fingers but any chance of AA themselves being behind it? I remember reading on another board that they were not above using dubious tactics to bring about a fall in the Mcap of a takeover target company. Don't know how true this may be...
I think RR finally ran out of magic mushrooms....:-(
Interesting RNS from Scotgold this morning. They've been averaging 90 tonnes/day lately @ 12gms/tonne and hope to ramp up throughput to c. 130 tonnes/day or 4000 tonnes/month. Revenue @ 90 tonnes/day @ 12 gms/tonnes = £45k/day (@£1320/oz) or around £16m a year. You'd obviously need to factor in downtime and less productive zones but still they ought to surpass £10m. It's the same kind of ballpark figures I'm hoping Alba can achieve in time at Clogau, if not better as we should have better grades and a Welsh premium.
O/T - There's an interesting BBC series on YT on Welsh history.
https://m.youtube.com/watch?v=NtMDbdIC2VE