Member Info for Jeremiah99

http://www.kitco.com/commentaries/2015-06-03/The-Real-Value-of-Gold-in-the-Ground.html? A couple of years old but plenty of relevant info there.

Now if they were to eventually prove up 5mozs+ as has been mooted occasionally, then several � could be possible, but that would probably require all the ducks lining up like the N. Korean army on parade!

Sorry westie50, I skipped over your post. As I say, all being well, I can imagine �1+ (Mcap of �333m+) It would probably take earnings of c. �20-30m to get us there. Maybe something like $250/oz net to us on 100kozs/year production with a p/e of 15-20 or so, with some discount factored in for any JV partner's cut and Casa only owning 72% of the mine? Just vague scribblings though...

I can imagine being at �1+ one day though....

Your maths is a little out, IMO. If we got to $300m Mcap we would have c. 333m shares in issue by then (including the extra 100m for the last 30% of Casa) also Casa only own about 72% of Akyanga. So less than $1/share? Having said that, I'm hoping they'll prove up much more than 2mozs by the time they complete the drilling.

More copper info in his previous essay.... https://katusaresearch.com/world-needs-lot-copper-wont-get-3-per-pound/ Hopefully we can prove up some useful amounts of copper and have a few potential partners competing to JV.

Link courtesy of a Troajan post elsewhere... https://katusaresearch.com/copper-stocks-easily-rise-10-fold-current-levels/ I'm usually a bit sceptical of those types of articles, but who knows how the EV revolution will play out?

Agreed, p00rman, not a very taxing target to aim at and so soon after a huge dilution at mate's rates. Still I wouldn't be surprised if NVS one day turns out to be worth every penny of his cheap buy in when he brings home the bacon...

As the saying goes - "Justice delayed is justice denied"

westie50 - simple extrapolation. If a 2mozs resource is present and they wish to mine at 80kozs a year it will give net profit of c. £20m (guessing a 50/50 partnership though maybe a smaller giveaway if we can raise funds from a sale of Sturec or summat) life of mine = 24 years. I'm guessing that if we find several times more gold than expected, they will implement a bigger plant rather than mine for 50 to 100 years, therefore much increased annual profits.

SPOT - Sorry mate but I tend to skip over your posts, I'm afraid.

I don't want to be too rampy but rather than 2mozs, what if there really are 5mozs to 10mozs of the shiny stuff down there? S/p well over £1, I would think. :-)

based on the 22nd Aug RNS. A planned 80,000ozs/year heap leaching process with costs at $625/oz should mean profits of around $50m a year, perhaps to be shared with a JV partner who has funded the plant cost? Say we're left with $25m @ a modest p/e of 10, that's $250m (c. £180m ) With perhaps over 300m shares in issue by then, the s/p should still be over 50p, IMO. That was with an inferred resource of 927kozs in August, so that figure will probably more than double in time. Patience will be required (as usual!) but hopefully rewards will be worth the wait.

Jump to 5:50 for Ortac...

Her target is 6.13p after a bit of resistance at 3.18p. https://audioboom.com/posts/6461268-nic-charts-today-bt-bt-a-angus-energy-angs-ortac-resources-otc-union-jack-oil-ujo?t=0

Its a pity $25m (was it?) was spent on developing Sturec. We could have had most of Casa by now with that cash. :-(

Don't forget Casa themselves only own 71.6% of the Akyanga project, so our 45% of 71.8% comes to about 32% of the mine.

Sounds like they are nearing the mother lode at Casa, if there is one. I wonder if we are going to be treated to a bonanza zone at 1kg/tonne or more as they drill up further?

Yes it looks questionable but maybe the cash is for another project?

Not often you see 5mtrs of 22gms/tonne. Probably $1000 of gold in each digger scoop. Brilliant!