Member Info for leapfrog

After the collapse of the Soviet Union basically state operations stopped functioning and broke up into small units~ they were fully aware of gold and produced several thousand kilos but they originally went in for the copper being the main resource. So the collapse of the soviets stopped some of the ops stone dead through lack of funding ~the state took but did not pay. The Georgian economy had to deal with severe energy shortages, obsolete techniques and inefficient equipment and lack of money. The above has got absolutely nothing to do with NMG operational prospects and asset acquisition base.EXCEPT in the provision of old assay drilling records for the area which have been added into NMGs info modelling base.

It does not make sense why anyone would invested in a company where there is no trust in the BOD! Especially if they rely on information from the failed self agrandising self proclaimed know all.

Have to admit I added another lot to increase holdings,although adding early in the scheme of expected production dates I still think the assets NMG has behind it are no where near at value in this £8m mktcap of the company. For example we have a resource of 6.6 million ounces of gold which, although a poor yard stick, values each ounce of gold at just £1.21pence against a gold price of £865.00 a difference of £863.70p in NMGs favour for production and all allied costs which are close to being the cheapest in Europe. Add in copper and silver makes the sp look wrong at less than one fifth of a penny.

I think NMG is on the watch list of a number interested watchers until near the end of Q3 perhaps Q4 when we can expect some sp activity with regard to the 6.6 million ounces of gold and the anticipated production start as in Q3 ~A thought occurred what if the BOD issued an RNS saying all had gone well and they were starting production in August this would wrong foot the sp.so there could be a scramble for the shares especially if the production target was high.

Completely off topic~ years ago in I think St Emilion in France whilst on a wine tasting holiday my family was at Sunday lunch when a rather elderly ladies voice rangout across the dining room of a well know eating house saying `in a loud voice WHAT THE TROUT IS OUT? which unfortunately my then 3 year old daughter much to the families embarrassment also yelled "what the trout is out"

Anything we might learn from the AGM~due later today? Or will it be the usual ~all resolutions passed.

It will be much closer to the end of Q3 before the sp begins to become exciting enough for penny share herders,traders and holders to become seriously involved. A few well researched patient speculators are already be here

I think we are going to have at least two gold producing ops by the end of the year,even if the first one is a 50,000 ton trial run.a reasonable size for a mini madcap co (hahahahaha that should read MKTCAP)~expect it to carry forward assuming the results are as NMG expects or exceed expectations. What we do not know is the target production numbers as we know little about the modelling methods NMG are using. I would expect in excess of 50,000 ounces p.a.based on the stated 6,6 million+ ounce reserve.Assuming there is the mine capacity to available Not only that but suppose the Austrian operations are bought up to date and then on stream sometime mid 2017 at that point we would have 3 separate ops producing gold.Obviously Georgia would be producing the biggest profit margin pro rata against Austrian mining costs based on mid European metrics. We could be looking at close on or well over100k oz p.a. overall,that is just gold , The share price does not take any account whatsoever of the potential available with gold production let alone the potential available from the 22 million of of silver or the million tons of copper. All speculation~ What is not speculation is the above backs up without a shadow of a doubt my opinion that the sp of just one fifth of a penny is for nothing. Now in view of the above is it unreasonable to consider changing my view the sp close future price will move forward to 0.575p/0.75p or thereabouts. Once NMG start to deliver~(just about 18 weeks away) and PIs become seriously interested we might see a penny plus lol.

I had a quick pre market check this morning and discovered BARX had the mid price as 0.15p so I dived in to find the reason why,could find nothing so went to buy, suddenly it was 0.19p~back checked the sell which was 0.17p. Such information makes me think perhaps BARX dealers are playing with the price? Or it could have been an error. Anyone else see anything similar by chance?

I really am not interested in anyones petition If I want to complain about something I will do it myself and if the buy and sell reporting method is not understand suggest the methodology is read, Even a 52QI should understand it.

This from a recent RNS ~ With total non-JORC drill defined resources of 980,000 tonnes of contained copper; 6.6 million ounces of gold; and 22 million ounces of silver delineated at Bolnisi so far, we have acquired a significantly de-risked project with multiple mature target areas that we believe can be brought into production in the near term at relatively low cost. So we are fully funded through to targeting first gold production pit in Q3 with a second pit due in Q4 to run alongside so producing target of circa 50,000 oz p.a.with low cost implications in a totally user friendly environment where all licences and logistical requirements are in place allowing for a speedy cost effective start up. NMG is not a one trick pony, there is huge asset value backing up the sp which at anything below 0.55p/0.675p is in my view a 'steal' The closer the first gold production announcement comes the more forward movement in the sp can be expected. AtB

less than half a dozen trades one of which looks like an ISA deal.No news and little share activity means the sp may well drift back in which case it will be well worth looking at for buying in to hold over the next few months especially as better gold asset definition is announced.^ 6 million oz., plus copper, silver etc.,

Buy BP instead, watch these along with Curtis Bank but the spread is outrageous on CBP so go well inside

Bought more this morning at the low! as I still think the prospect for a potential rerating of the stock is realistic in view of the prospects for good news building up to the two starts of gold production in Q3 and Q4 None of the forthcoming potential is built into the sp at the moment so a clear chance of double, treble or more especially if penny share sentiment interest starts to take of.f. In my view the sp is for nothing ~ check out the asset base especially the 6 million oz for gold add in the rest of the assets and it can be seen why the sp is seriously for nothing. It is noticeable that the number of deals are slowly building for LTH or STH,not a day traders share for the moment.

Thank you for that ,Had a look and it does not match NMG prospects which are that our BOD states production will start in two mine areas one in Q3 the other in Q4.Q3 is on track according to the latest news. Also the price of MNC is the same as here with no decent take off prospects in the near future. I note the twerp of a troll has had your posts removed, never mind check out my posts. We can add play ground bully and sneak from the look of it.

The spread is usually narrowed to the single point which is about as low as it can go when checking dealing figures on the platforms. Noted we have two broad production dates limited the first one limited to the end of Q3,September, The second production date limited to the end of Q4 ,December. It is also to be noted from the RNS ;` In line with Noricum Gold's strategy to deliver small-scale ore production from initial starter pits while in tandem, developing and converting the significant Soviet resources across the licence area to deliver a much larger mining operation · Plans to deliver gold ore production from outcropping mineralisation at Kvemo Bolnisi in Q3 2016, followed by Tsitel Sopeli in Q4 2016 So what does small scale mean ~extrapolate less tan 20k oz p.a. in in Q4 5K OZ? ~from small starter pitS does that include both start up ops., Also a 'much larger mining op.,' does that mean silver copper etc.development? more information is required but we won't get it until the BOD have fully determined their direction.

I think the assumption about the PoG being over $1250 as the profit marker is far too high.Difficult to find out where the differential is on an average basis for Georgian cost criteria which are far lower than what we might consider normal.

There is a clear correlation from April 2015 until the beginning of February (8th) 2016 for the sp charts when comparing NMG with KRS~ From Feb 2016 forwards KRS began to outstrip NMG for obvious reasons. The charts show a very loose comparison with POG so much so it can be almost discounted~So its probable that the POG charts might start to affect sp once production is well under way.Thats pure speculation because at some point either company will announce future development plans for heavy asset exploitation which again will move the sp independently of accepted criteria for GOLD production figures.

Yes I do believe mineral assets are greater than current estimates( The use of JORC as a marker is really a world wide accepted valuation for Banks when appraising assets in monetary terms) The Russian system, developed initially in the USSR in the 1960s, aims to achieve total objectivity by prescribing the entire process of exploration, resource computation, and reporting. There is little or no space in the system - as originally designed, at least - for application of professional judgment. The prescribed computational methods are simple (they can be completed manually – important in a region and at a time when computers were a rarity). At first sight, the two systems appear completely incompatible. However, from the early 1990s onwards there have been significant changes in the way in which the Russian system has been applied – especially in the role played by economic modelling. In parallel there has also been rapid convergence among the various western national standards and emergence of a harmonised ‘international reporting code’. The result is that it is realistic now to use both systems and to translate reports prepared in the Russian system to broadly equivalent terms in the international codes. Lost the source of that ! So we are looking at an enhanced value which in terms of the sp backs it up nothing more for the moment~the assumed consensus of interest is on POG production date not the value of what we have. The value of what we have will become more relevant when the plans for development are put in place and activated.It is likely we will have a cash call after Gold production is started and the sp has risen somewhat. probably in excess of a penny and nearer to 1.45pence if my assumed thinking based on local data just how low the production costs are and the POG.

I have a slightly different view of values in the ground~ The value lies in the size of the assets as once they are producing they are depleting and there comes a point where a company has to add assets to remain in production.THe thing about NMG which no one has really grasped is the size of the assets immediately available(assumptions made) they are huge so production is safe for some time. I think they are somewhat better than we have been informed.