Member Info for Laverda

Total tonnage per year to Kodal 125,000 tonnes plus when second plant is up and running, unless of course they have to go bigger like Leo Lithium.

53,000 tonnes plus first stage.

All Kodals figures are based on 2,080 dollars per tonne. While many other mining companies are using higher figures in their estimates.

Steve got to pay another tax bill?

Speedy, yes gold prices are important too, an increase in gold price makes revisits to previously non viable sites a common practice. Keeps the gold mining industry moving.

MarcusPD, I thought those big sells may have been an attempt to trigger stop losses, they were huge sells, but it barely blipped the share price! Traders stuck outside - bad luck.

M1, leaching, that is it cheers.

Shows that the lower the costs of processing the smaller the amount of gold being chased can be.

One extreme to the other.

Look at the spread, people are not parting with their shares so easily today.

AHH I can't write that poison name because the first four letters are a rude word for bottom!

elcobble yes it is, i am not sure what they are called, somebody here may be able to help me, but another extreme example is the ****nic treatment of old gold wasteheaps, they can build a mountain of waste, apply the watering system with the ****nic and tiny amounts of gold flow through the liquid and at the end often only produce a couple of bars. however it is profitable because there is little fuel, mechanical or human labour involved, generally one person monitoring the process and analysing the liquid to ensure it is correct for the process.

interesting extraction processes and maintaining cost efficiency.

Elcobble as Daz has explained, but put into simpler terms it is also how much waste you move, and then additionally process through your plant per gramme/ounce of gold. Put to extremes low grade and well spaced nuggets lying on the surface can be more profitable than the best gold seam ever which is too deep to justify all of the ground moved (cost) to get to it.

So far our gold appears to be relatively shallow which is a plus.

For all the bedwetters that is the statement they were looking for.

Amazingly low cash burn for the amount of work achieved, staggering really.

DrP, I will save it to my favourites. It never hurts to read up on stuff.

Maths crops up in the most unexpected places in work settings.

Third and fourth industrial revolutions.

DrP, I think it may have been recognised officially, however we have been through a massive industrial revolution in the UK from the 70s and 80s, it is still going today. Homes, family structures, infrastructure and education is unable to cope with the speed of change.

Like almost everything really everything needs assessing from start to finish and take a view on where each area is going.

Probably NHS need stripping back to basics for the modern world.

Further education as recognised by the government recently in some areas is high and dry, the stigma of colleges could do with removing and start again there too.

They work hard and are political pawns in a left and right game of ping pong.

Like the government responsible for everything. A teacher is responsible for a child even when with their parent on and around the school, more insanity.

I remember seeing a heated debate between a toilet cleaner and an office manager once about some sh*t which somehow landed in a corridor. The office manager thought the toilet cleaner should clean it up, the toilet cleaner pointed out that they cleaned toilets and it was not in their job description to be responsible for sh*t wherever it may land in the building.

The government and teachers same to have the same issue in the public's eyes as that toilet cleaner.

Jadams, I would get out of Maki too, I don't know where it is but it sounds nasty.

Onlyking, you love teachers and are a big fan of our education system then? lol

PS in houses and many private buildings too.

Compo, as I said, different people's viewpoint.

RAAC was used until the 1990s and is in 10s of thousands of buildings throughout Europe.

Onlyking, I think so, some of the Leo Lithium guys blame the Mali government. So it has to be assumed, so will others.

In a similar way as some see the time Kodal are taking as delay after delay while others, like me, just see a vast project and the company set up and structure as a mammoth task.

Glass half empty or half full and everything on the planet a governments fault or not.

Failed concrete blocks in schools in the UK are now the government's fault, not the manufacturer it appears.

Also today they are a problem - but they were ok when built and during previous governments?

Different people's viewpoint.

Once the money is in, everyone will have known all along how good Kodal was of course.

Re Leo Lithium

Onlyking 20% covered in the presentation on the 4th, also that they have begun processing the government's 10%.

https://leolithium.com/investor-centre/asx-announcements/

The full RNS is worth a read, comedy of errors, really poor for good mining relations with the Mali government.

There is a full investigation by the government underway on both the goldmine and their actions, ore government's share etc, according to the RNS. It is a big RNS and has to be read slowly.