Member Info for Johnnytaffia

I've got a decent chunk here so I'll just hold and see how it plays out - I'll refrain for now. May as well hold on to some cash.

Timing huhnh?

Just earlier I was looking at this and thinking "Should I? Shouldn't I?" and then remembering the times when I went with "should" and subsequently wished "I shouldn't have" I didn't. No tops here today.

Oh well, never mind.

All fools together mate *hic*

By 2028 10 M oz at La India?

Where has that come from? That is just a guess surely?

At the time of T/O if I recall CNR had a JORC of just over 1 M indicated oz and about 1 M for inferred - I think.

You can forget about the inferred and the indicated is a reasonable guess. I don't think CNR even got as far as 'measured'

Proving 10 M oz over 3 years?

So that is going from current 2 M ozs mineral resources based on (IMO low) geological confidence to 10M proven reserve oz calculated from measured resources. Forget about the inferred and you are after x 10 increase in Au. That would probably require a lot of infill drilling and widening the target area and hoping that the grade is much higher and the Au easy to extract by gravitation - surely? Apologies - just had a flashback from 2011 ish. Hope you're right about the 10 M ozs.

They could be building a road to nowhere - .... reminds me of a song?

Ill informed Newbie here.

Just read the word 'tailings' making a proportion of production. Any data on what % is 'scavenging' tailings?

This only works when Au price is high no?

PS followed my own advice with this. PAF was in my 'fantasy portfolio many years ago' Only now have I dipped my toes. TBF I had completely forgotten about PAF's existence until it got a mention on another BB.

Just thinking out aloud here.

I mean, MTL is a small producer right? And I'm only here because of the CNR buy out (or bail out?) - more than happy with current state of play tho' and will hang about to see how this plays out.

Anyone got a view on the FTSE behemoths like Rio vs BHP?

They pay divis but are exposed to commodity cycles, yeah? Maybe I should just buy HMG 10 year gilts, sit back and enjoy a low risk yield at 4.5% per annum. As I get older I am now veiwing my 'fun' SIPP as anything but fun and coming to the conclusion that I should de-risk. 10 years to go assumming I don't snuff or the Angry Orange Man doesn't nuclear Armageddon us all.

My previous 'gambles' with explorers have been a bit of a s**t show. Arian being the big catastrophe and just about managing to get out of SXX without losing my shirt.

Thanks Jammin - *b0llocks*

Oooohhh PAF - I had my eye on them many years ago in a fantasy share game t- well more than 10 years ago - a few of us on the CNE board used to run a competition - pick 5 stocks per year just for the *lols* and to liven up an otherwise dormant BB.

They were in the 12-15p range and what I thought odd was they paid a modest divi for a company that seemed to have equal value to many non-producing explorers

Just had a look at the 5 yr chart on this.

Has there been a consolidation more than 5 years ago or is this "the one that got away"?

Ahhhh - missed that. Thanks Saab93

Cheers

JT

This seems to be yo-yoing again?

Been a while since I have shown interest in ore grades. 15g/tonne is VERY high, no? - where is this? Don't recall grades that high being declared for La India?

Cheers

JT

That's how I read the RNS - means artisinal miners don't need to be exposed to Hg and less likely to pollute the enviornment.

However, if I recall in the dim and distant (2010) one of the big positives of La India was the high yield that could be achieved just by gravitational extraction - just - washing the gold out of the ore. However, that in itself presents another environmental challenge with tailings and tailings ponds/dams so I guess if artisinal miners are taking their ore to MTL's facility then there is less damage and waste easier to manage if it is all in one place and easier to audit BWTFDIK. Happy Friday yo y'all

Nice on Squeaky - couldn't have summed up better myself. Seriously I couldn't - I'm almost illiterate. Not an english teacher by change are you?

It has taken me a while to warm to MTL. I initially held my MTL shares begrudgingly and now I am cautiously optimistic.

Given the recent sh**housery here I thought I would offer my ha'peth - how about MV Condor?

It's called The Titanic I think.

Well, I've gone against my better judgement and made a modest buy again.

Hope it proves to be the correct decision this time.

ATB

JT

Nah - I still had a chunk of CNR and thought may as well see what happens - glad I did.

I offloaded most of my CNR holding back in *checks notes* 2012? I got the jitters and dumped about 75% of my holding and got out with my nose modestly ahead. My other calamities include Arian and Beowulf although BEM still shows signs of life and at a 90% loss I may as well see how that pans out.

Well, I've just jinxed it. Curiosity got the better of me so I dipped my toe in at 10.2. Gold SP will probably crash this PM.

One would have thought that I would have learned my lesson with CNR when buying at 1.5p all the way up to (checks notes) 7p.

Oh well - lightning striking twice n'that eh?

Thought I would swing by and see how my new MTL is coming along. Seems OK, no?

Although having endured 14 years of optimism and SP predictions on CNR can't say I'm convinced by recent guesstimates of +25p.

On balance - yup, glad I held on to these solely out of curiosity