Member Info for JimBL

Yes, but that was based on Klondyke tenements and doesn't include Marble Bar and the other acreage owned, nor any conglomerate which we are not focused on at this time.. Correct?

The sp has actually fallen, despite an increase in resource! Seems ASX is not too different to AIM in that regard. No way can 1 million + ozs be factored into this so at some point the movement has to be upwards. Given that the acreage continues to grow, as does the resource being proven up, I personally feel that when the time comes 11-15 cents is going to be beaten by some measure. Throw in any TO hype and who knows.

...and the real likelihood of a TO starts being discussed!

Not so long ago when we went to 2.8p, when the AA/Kumba deal for Mebaga IO was being tabled. IO tanked as we all know, but I feel our prospects are better now than they were back then. Subsequent improvements in the CAI sp will only be of larger benefit to us, and who knows what will happen on ASX if and when 1 million + ozs materialse.

P.S. should it ever reach that point, then the stage 2 Ferro Managnese play is where the real money is at. I can't find the numbers right now, but I recall that being some $650 per dmtu, or so I recall.

"Potential Accelerated Start-up Based on the assay results of splits off the bulk sample, observations during its preparation and bearing in mind prior test work, the Company is now investigating a small scale, low capex, accelerated start-up option for Nayega as an alternative to entering into a finance package for the full plant. Planning for this option sees the larger plant built in stages, using cashflow generated from mining operations to fund incremental expansion. The first stage would see a simple scrubbing and screening operation that would produce up to 60,000tpa (tonnes per annum) of +38% Mn product from the plus 25mm size fraction. The second stage would see the remaining lump material (6mm to 25mm) processed in a DMS to produce 180,000tpa of 38% Mn product. The final stage would see the introduction of a final DMS system to treat 1mm to 6mm material (fines) resulting in an operation producing 250,000tpa (tonnes per annum) of 38% Mn. Initial studies have been conducted and show a capital cost of approximately $2m for stage 1 with a FOB cost of $1.85/dmtu, producing 100% lump material." The price per tonne is calculated by multiplying the cents/dmtu price by the percentage of manganese content so, 38 (%) x $1.83 = $69.54. At 250,000 tpa that would equate - at those prices, minus fob cost - to a $17 million profit operation. Or so my Maths works out!

No problem. Cost originally amounted to $14.5 million - which they last said could now be done 'significantly' cheaper.

RNS 2015 - "Production could commence within six months of the mining permit being granted at a potentially significant lower initial capital cost"

Stage 2 of the Togo plan is where the money is at - ferro manganese. Huge profit margins.

Absolutely. Nothing to say a special dividend won't be paid instead.

Maybe. One thing I figure, is that all of DR's plays in the past have been sold off. From all the uttering's given since day 1 with CAI, a sell off of was and is the aim. No way is DR going to be faffing about taking this into production, especially when surrounded by NOVO territory and we have hard countable gold in the ground (i.e. not conglomerate speculations.) If the acreage, ever expanding, keeps returning mine-able ore (predominately at surface), then who knows what the sp could reach for a potential TO? NOVO has some very eager shareholders to recompense after their conglomerate hype - and we are the one's churning out actual in the ground gold numbers. What we all need to keep an eye on is an actual PFS to make sure we get the last tranche of performance shares. If that goes ahead - no doubt because numbers keep rising - then blue sky is ahead as far as I am concerned.

Are the chaps buying for KRS reasons - or because of known add on value through CAI? Either way, seems a positive move for us all.

Correction, 308k

Huh? Only between 10-20k shares left? I bought another 360k.

Ah, KS. The man paid over a quarter of a million $ per year, along with massive share incentives, and who has achieved Sweet FA in over a decade other than spending and losing investors money. This share, in pre consolidation money, is now worth only 0.001p! Or, 2/3 of it's post consolidation price.

I still think these guys, and others like them, are missing the plot here. They remain focused on the conglomerate hype while CAI keeps firming up real 'in the ground' gold. Facts are, if conglomerate can be proven to be a financially viable product (and if it actually exists to the degree under discussion) then CAI are going to benefit from that also.

My first buy of these, almost 7 years ago, was at the old .035p. They were worth .003p when they 'consolidated'. At current price they are worth .001p in old money!

Amen, brother. 96.7% for me! Worst (first) AIM buy I have made, but sure taught me the ropes.

Let's hope so - but it's all relevant to when you bought in. Many real LTH's still left in here as it wasn't worth selling and still isn't! Have to be some seriously large rises for them (us) to get any money back. This sale helps none of us in that position - unless NWF manage to do what STEL hasn't in over a decade.

Hate to be the party pooper but there still isn't a license to mine issued yet. So many variables involved here - not least that the JV agreement with Octea holds - makes this far from the compelling case many get rampy about.