Last post19 Feb 2026 10:31
In deference to gotreal the great.
Some figures:
Roan - 30,00t per month (not 40,000t)
- 2nd quarter 185t per month copper units (not 280t)
- by 4th quarter now only 40,000t that's a 33% rise so expect 240t per month (not 370t)
sable - 9,130 t at 1.84% (not 2.5%) and under 80% recovery (not 90% achieved by previous owners).
- for the half year Sable produced 50t per month from Molefe mining supply.
Total production - 1,543 - expect 4 months at same level until dry season in May and June, then 2X240t at Roan and maybe 2x75t per month at Sable from Molefe. estimated full year - 3,200t for the year - no way near the 4,500 to 5,100t target - THEY KNOW THIS>
Molefe - infill drilling on existing drilled area completed. Moved drill rig (after punters complain) to second stage position for photo opportunity prior to releasing this rns (assuming they moved it, who knows). Drill results in a few months.............
Waste rock - usual - preferred partners, it's 4 or 5 months away as always.
Potential - yes. The mantra is they now are clever and under promise and over achieve.
they actually have under promised and under achieved that low ball target by some margin.
Good luck to one and all - follow the gotreal - buy and hold - watch it fall from 22p to 2.6p.
celebrate the rise to 5.2p and watch it fall back to? 3.9p so far.
On the charts 4.5p didn't hold, 4p looks like it's about to capitulate - their are many support points below here. Fib 3.7p, 3.5p historic, 3.4p fib. 3.2p historic and a general band where it may end up between 2.8p and 3.2p.
IF you believe that this will come good, and I sincerely hope it does, then accumulating at 2.8p to 3.2p would be ideal. I can understand that many will be tempted at 3.5p and I would be one of them IF we see some news of better production. Roan looks a basket case. Mining, plus Sable could save their bacon.
Adios.