focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
My impression of our current situation may well be coloured by my having recently read the book 'Stalingrad' by Antony Beevor. Some similarities of modus operandi - invite enemy to foray deep into your territory, surround them and prevent them from operating, add to the mix some squabbling incompetent leadership and eventually the black swan coming into view over the horizon turns out to be a dead duck. :-(
The historical total ounces mined was 80,000 ozs and worked out at an average grade of 17gms/tonne, so that extrapolates to around 150,000 tonnes mined to achieve that. Yes there may be occasional pockets of bonanza grades but they will be offset by many tonnes of barren or low grade quartz, but still resulting in that overall average of 17gms/tonne.
Yes, we had useful amounts of cobalt at CE but the question was later asked at a CC about a year ago whether they'd found any at other locations and they said no.
@maxcady - so they can be fleeced by the Russians instead? Same as it ever was, this world is run by devils and the ordinary guy gets the crumbs off the table, if lucky.
It's not you again CB, is it?
@viable, I believed them when they said two pumps were on the way from Germany which would be capable of dewatering a substantial section of gold bearing ore.
@viable, no I didn't...
I have to admit I'm also a casualty of CRND (£20k+) from my early dumb ass investing days but also remember taking note of Chaotic Calmness's positivity over Ortac's Zambian assets, and have held without wavering for the last few years hoping for an eventual payout.
Do we own 100% of CE? How many shares will there be fully diluted? Two factors which may negatively affect your calculations.
No lithium in our portfolio, it was just vacuous ramping from one of the usual suspects. As for the graphite, we know there are outcrops that continue for a km or two around Amitsoq. I'm hoping the deposits there also run deep and wide as well. It would be nice to find quantities approaching the Balama mine in Mozambique which contains over 100m tonnes of graphite, though the grade there is only at just over 10%.
As Bluejay mentioned in a previous RNS, the fact that ilmenite is a precursor to titanium which is deemed a critical metal, means that sufficient funding to move the project forward would be made easier to access.
@newlunar. I had a stab at estimating the gold contained in the new lode extension and arrived at up to 80,000ozs, roughly equal to all the gold ever mined at Clogau. I used 550m x 1.25m (avg width) x 100m (depth of lode in mtrs, though this may be an over estimation) x 1.27 (avg ozs gold per cu mtr @ 17gms/tonne and quartz being 2.32 tonnes per cu mtr (googled)) Again, I see the avg depth of the lode as being the most uncertain factor at present, but the calcs just illustrate that it's a single extension which is likely to contain many tens of thousands of ozs of gold, and that's just for starters. ;-)
Great news that our graphite is suitable for EVs. A good while ago I had a dig around for info regarding historic mining at Amitsoq but could only find reference to a couple of hundred thousand tonnes being mined about a century ago. I think a good question for the webinar would be what would their educated guesstimate be for how much graphite they think may be present at Amitsoq? Though of course they may just say we don't know until we drill it...
Great news that our graphite is suitable for EVs. A good while ago I had a dig around for info regarding historic mining at Amitsoq but could only find reference to a couple of hundred thousand tonnes being mined about a century ago. I think a good question for the webinar would be what would their educated guesstimate be for how much graphite they think may be present at Amitsoq? Though of course they may just say we don't know until we drill it...
Well here it is, tweeted by Tokyo Rose himself earlier - "As an inept PI I lost tens of thousands buying high and selling low in #arcm.." So just dumb investing leaving him broken and all eaten up inside and looking to shift the blame onto NvS. Miserable way to spend one's life really. :-(
Apart from 'buy low, sell high' he obviously also ignored the other simple investment rule of never investing more than you are prepared to lose (particularly on AIM where most companies fail)
Onsite cameras eh? Hmmm....
8:55am - cars pull up, men get out, put hard hats and wellybobs on, unlock mine door and enter.
5:05pm - men exit, lock mine door, remove hard hats and wellybobs and drive off. :-)
@MAGICALHAT, gold grades thrown up by surface trenching only serve to indicate whether gold bearing rock may be in the vicinity and are not an indication of expected grade within the host rock.
In a cavern, in a canyon
Excavating for a mine
Dwelt a miner forty-niner
And his daughter, pixiet44
Oh my darling, oh my darling
Oh my darling, pixiet44
You are lost and gone forever
Dreadful sorrow, pixiet44
Filtered
You're showing your ignorance there MAGICALHAT, I'll get your coat...
Pixie is St Tropez's alter ego, if they ever met in the same room they'd cancel each other out and disappear in a puff of smoke! :-)