Member Info for Jerryspaniel

As you said ncm.ax

There were deals last year in Canada at below $100! Australia is a premium mkt though and telfer gives us extra value. But sadly not $500.

Tiggernan, it won’t be anything like $500. Maybe 2-300 if we are lucky. Unless gold is 2500 that is.

To those who fear the mkt falling, don’t you want the mms to do that? So you can load up basis this news? The investment gets derisked with each announcement and so you should feel more comfortable owning more each time. Not hoping that it opens at 4p or whatever. Think strategically and long term ffs.

I think that is a good point. Other neighbours will also benefit, not that I own any.

Jermyn!?!?!

Apples, There is a rather nice restaurant in Jeremy st, not far from st James sq. we could take it over.

It broke their computer......

Million quid says it won’t!

First calc I make that 7million ozs basis 2 grams but that number might well be low.

Agree, but I think they might come in next week, when they have done their own analysis. Instos aren’t quick in decision making.

A rise tomorrow will need buyers. Everyone here seems to be full and a seller on any rise. So I would say marked up and then sold off. Big buying might come next week when any good news is digested by whoever has been buying over last week or so.
There will be no resource estimate, that will come from brokers or mkt commentators. Nice grades and lengths and those lovely words ‘open at...’ is what I want to see.
And obviously had40!!!

That’s v funny. Pmsl..

He may well be selling his shares, but he is smart enough to know you dont exercise the options until the last day.

Well it must be Aussie dollars and they are assuming the market price of gold at the mint, which is pretty irrelevant if you dont know the cost of extraction and processing.
Journos who know nothing.....

Last night I received another response from Eliza. She only answered the questions that she wanted to (no surprise I suppose), mainly saying that they hadnt started drilling Porvenir (which I suggested that they had). She didnt refute my assertion that they had started drilling Blanca, but didnt comment on what permits they had and where were they drilling now.
She once again apologised for the delay in MRE3 and said they were working tirelessly on it, but was reluctant to put a date on it.
She also said 'The official bid for Cornerstone is still currently being worked on. Anna’s statement was correct, there have been significant delays with the translation of documents etc. and all will be updated in due course.'
So nothing is imminent anymore, its all in due course and as soon as possible, which at least stops me accusing them of being economic with the truth!

Who said 1 million ozs was worth 2.3 billion? That would imply a negative cost of getting out of the ground!!! Think!

No. They have a lot of time left in them. You would be deranged to exercise early and lose the optionality.

No it doesn’t. That is irrelevant

About 100 million.