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Thanks Moneymaker - great post backed up by current examples- we have a way to go but your post underlines the potential prize here.

I was watching a Rick Rule interview earlier where he was asked whether there was a line in the sound for AISC for the producers he invests in - he says the bottom quartile or $1100. It underlines just how low the scoping study of $630 is.

Once you get past the red tape of permissions the economics boil down to AISC / POG and the volume of resources.

Once we get the permissions granted the economics here are incredibly strong and only likely to grow stronger with an increasing POG and hopefully an increase in known resources. Technology and mining exploration techniques will have also moved forward since these mines were closed in the 1970s.

Much to look forward to.

Thanks Giovs

More delayed posts from previous days - my head is spinning. Not sure of the game here.

Https://www.glassdoor.co.in/Reviews/PKF-International-Reviews-E27695.htm#:~:text=PKF%20International%20has%20an%20employee,a%20good%20working%20experience%20there.

Read some of the comments - watch out for the audit ones

So you have said a number of times before Greg.

Does it help repeating?

Obviously the first GP is on the total project!! Perhaps not very helpful but gives a sense of scale / worth if nothing else

Very very rough calculations - 1.5M oz - AISC - lets say $800 taking into account inflation = POG $2300 = Gross Profit (depending on how they have calculated the AISC) circa 1.5M x $1500 x 40% = $900M / £704M

Targeting 100K oz per annum = 100K x $1500 X 40% = $60M / £47M

Excludes down stream Botangas potential

Curent MCAP = £10M

Question - what would be a realistic MCAP / GP multiplier be for a gold producing company?

Morning - positive start to the day

Fingers crossed for another tweet update from Aidan at some point later.

Legalwolf it makes absolutely no sense at all to me. I have never come across an audit company that simply refuses to give a timeline.

I see a load of delayed posts from yesterday explaining what we suspected- that large sales were being worked upon.

Can't help but think we will see a few delayed posts tomorrow from today.

Danieldavis - I filter very few people here but you have just made the cut. I only mention in case you wonder why I am no longer correcting your posts.

When /if you read the RNS which in my opinion will be coming - stating that the audit is complete and the shares are coming out of suspension, perhaps then it is time to reflect with others, how you let yourself go down the rabbit hole of conspiracy theories and believing in naughty men hiding in the shadows.

Instant sell quotes for large amounts but any large purchases go to NT. surprise surprise

Danieldavies- it is a discussion forum for opinion. Your wording presents your thoughts as facts. Words are important.

In terms of the RNS if the company continued to believe that funds would be forthcoming they could be justified in waiting on updating the market otherwise a premature announcement could have wrong footed the market had funds been subsequently received. If you think that there are grounds of wrong doing please share them with the FCA . I think you will find that others will have already done so though if there were grounds.

Suggest you consider your wording carefully in future rather than create potentially libellous assertions. You are entitled to your view - presenting your view as facts unless backed by evidence is not welcome, helpful or informative though.

Danieldavies- are you formally accusing the company of withholding market sensitive information? That is a serious allegation. What evidence do you have?

Legalwolf - 100% agree with your logic - you just need to take it to the next level though in my view - you have narrowed down to issues within PKF or problems between PKF and GCAT - if it was the latter then PKF would have had a duty of case to formally advise the company and if that was the case then the company would have had to provide a material update to the market. As we have had no such update then the problem appears be capacity within PKF and that ties in with what I am hearing on the city grapevine.

Ignore my last post - likely to be the Gubong mine land owners after rereading the tweet

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