Member Info for Jeremiah99

Without the ramper/traders pumping this a couple of months back I doubt we would have left the .35p to .45p range.

"The companies will also have a market cap below £100 million in the UK" GGP is around £1bn. Hopefully Alba will one day be excluded from the penny shares list by virtue of being well over £100m Mcap. :-)

Yes, in comparison we know very little about what they've found in our target areas. Solg had numerous RNSs stating multiple hits of copper mineralisation at very deep intervals. What has been revealed to us so far has been quite mediocre to date, but if they've mentioned multiple tier 1 assets then the stuff must be there in good quantities.

I doubt that it's rocket science to extract gold from quartz, those old timers managed it just fine from the Victorian era onwards.

is what this pretty much amounts to. Is it illegal and punishable?

I'm also in Alba - currently in the process of re-opening an historical gold mine in N. Wales that supplied gold to the royal family. Also has graphite (EV batteries) ilmenite (titanium precursor, strategic mineral) and 50% of an iron ore deposit in Greenland. Has oil holdings at Horse Hill in the Weald though that has been disappointing so far. Can't win 'em all. ;-)

Don't forget we only own c. 70% of the assets, fully diluted there are 1.3bn shares and GBP is around $1.35. So $600m = 24p or so.

Should call it Baldrick Resources if the next cunning plan is going to be anything like the last few...

Bitcoin v gold
https://www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html
Man has two guesses left at bitcoin wallet password or risks losing £180m. Pretty dumb not to have kept a note of it really. Glad I buried my gold krugerrands under the begonias, or was it under the quince bush? Wait, they're under the fuschias. No, er...

@WhileyD - "I think bidding 'starts' at £250M, so approx 25p a share." Don't forget we only own c. 70% of the assets and will have 1.3bn shares, fully diluted. So more like 15p...

So basically they took the samples in Autumn but it won't all be crushed and analysed until Spring, a whole winter. It would have been quicker to take a few bags of quartz home every day and get the lockdown wives and kids to sort out the sparkly bits! :-)

Yes about 3 pallet loads...

What to make of this then? " Processing of the bulk sample at the Company's pilot processing plant is expected to be ongoing throughout much of Q1 2021. The Company does not expect to be in a position to release results until all processing has been completed and the results have been verified. "
So no bulk sample results until the end of Q1? May as well go back into hibernation until next summer then. Hopefully good gold grades will then shortly be followed by an upgraded Ilmenite resource statement and a nice Amitdoq maiden jorc which will finally send the s/p into the pennies. Just need to dodge the virus until then..

I see that Mark Austin once worked for CRND (One of my many failures) They also had a major dewatering job to do there, so he should be well versed in those procedures.

Check out the spread at the time, they look like sells to me..

Check the spread at the time though, sadly they look like sells..

The fact remains that though we now know we have a process which can extract 78% of gold present (yes, what of the remaining 22%?) We still don't know the result of the bulk samples assays (which St Tropez assured us would be with us back in late October or early November) On top of that we have a failed drill which will cost us time and money. No surprise that we're drifting.

@LockerRoom, the stated historic average grade in the veins is 17gms/tonne and consists mostly of areas of barren or low grade material say less than a few gms/tonne with occasional areas of high or even bonanza grade deposits of 1000gms/tonne or more. Together they all average out at 17gms/tonne. To expect a couple of random drills to come across anything but low or no grade gold areas is like expecting to find a sixpence in every mouthful of Xmas pud.

@LockerRoom, I'm getting what you're saying about it being a test of the concentrating process rather than trying to assess the average grade, and that the processing could have begun with any lower grade input material to reach the final 20.7gms/tonne. However I don't think drilling into this type of resource will give any indication of average grade. Host rock which contains gold spread fairly evenly throughout would be amenable to that approach. However, our gold is contained within thin quartz veins running through a much larger volume of host rock which contains no gold at all. Further, within the quartz veins gold may be found sporadically in rich concentrations which again doesn't lend itself to assessment by drill core. Drilling is only for confirming the presence of the quartz veins which is a prerequisite for any gold being present. Only mining itself or bulk sampling will be able to confirm the average amount of gold in the quartz.

...now watch the rampers/pumpers taking the 27gms/tonne and running with it! ;-)