Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Will add to watchlist. See where this one is in a year or so.
The overall impression I had, was that Robbie had a very different presentation he wanted to make, but was unable too.
3 of the 5 companies presenting were miners, so plenty of investors in that sector. All CEOs were around to chat after all the presentations had concluded, over the usual drinks and canapés, however, Robbie had left the building.
When I spoke to him (immediately after his presentation, but before the rest had finished) I asked, do you know the upgraded MRE? He said (as the sparkle in his eyes flooded back, and with a large grin) "yes, I have seen it".
Hope that's clear for all, and is all I know.
All the usual caveats.......
I'm not so sure we are waiting for the assay results. RM said to me, at the investor meet, that he had seen the upgraded MRE. That implies to me that it has been done and the hold-up lies elsewhere .
I'm fortunate, in that I was going to the meeting tomorrow anyway for one of the other companies I've been a long term holder in. The fact that Caracal will be there is a bonus.
I am optimistic of news tomorrow.
Gla
Can't decide what to wear to the investor meet tomorrow. A suit or tracksuit bottoms and t-shirt?
Maybe I'll wait and see how good the MRE upgrade is in the morning.
If this deadline is missed, perhaps I'll go in rags, with a begging bowl!
Top work from Align.
A must read.
Spells out just how undervalued Caracal are!
http://www.alignresearch.co.uk/caracal-gold/caracal-gold-gold-resources-double/
From the interview, it was said that they had some days of down time and that if they'd had the full 26 days run time, 1000oz was achievable. But they don't want to hang about at these levels!
Onwards to this years target of 2000oz per month.
Without proof, it would be foolish to say.
I simply find it easier not to trust anyone now, especially those that close down open debate/discussion.
I used to like TG boards, but owners just boot people that don't fit their narrative.
I'm fed up with this cancel culture!!!
ID78 - 10% difference possibly that I used Troy oz conversion, 1oz silver = 31.103g
Itsyou - Thank you. It does look like I have missed that.
Robbie - If you're reading this board, could you confirm/discuss this in the next interview please?
1000oz per month target reached!
54,121t of ore (versus 51,732 tons in Q4'21) was processed at an average grade of 1.75g/t Au, resulting in gold sales of.1,226 ounces - an increase of 17% on the previous quarter sales of 1,047 ounces in Q4 2021.
54,121 x 1.75g = 94,711g
94,711/31 = 3055ozs
so an average of 1018ozs per month.
They sold 1226ozs, so will have 1829ozs still to be sold.
I wonder how many did the maths?
GLA