Member Info for LiqMyAce

..and Surrey, I have been going through the CONDOR GOLD TECHNICAL REPORT ON THE LA INDIA GOLD PROJECT, NICARAGUA, 2022 and it looks like the La India Gold reserves are massively understated. I believe there is a minimum reserve of 5 million ounces and there could be a lot more.

The hedge finished in early October, thank god.

Background buyer is a fantasy. Except for RNS days, daily volume is in the 5 to 8 million shares range. This volume is quite low and indicates a normal stable market. When I see tens of millions going through daily I will change my opinion.

Agreed, DB did say it would be a priority. I guess they could get it set up quickly and in the absence of power use a generator.

Not sure if they have the assay lab up and running yet at La India? I guess they will have a backlog of cores to process?

Just did a dummy sale, they will take 500,000 at above the bid.

But I do accept that if our selling price is $4200 then Punters FCF statement would be correct.

Lee - Our dore is not 99.99% Gold, we will not be selling at anything close to $4200.

Punter - You forgot to deduct expenses, therefore FCF would be $40 to $45 million...

Although it's taken a while to feed through, I think Basel III has had an impact on the POG. Basel III treats physical, allocated gold as a 0% risk-weighted, Tier 1 asset, similar to cash and Treasuries, while paper gold (ETFs, unallocated accounts) is excluded or has lower weighting under the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR). This elevates the status of physical gold as a reserve asset and is expected to increase institutional demand for allocated holdings, boosting its perceived value and potentially reducing liquidity in paper gold markets.

This is in Spanish. But it warms the heart to see young people queuing up to look at employment opportunities that the La India mine will bring to a remote community. Responsible mining is good for disadvantaged communities. https://www.facebook.com/reel/2102446233896988?locale=en_GB

Punter - Also, the national grid is only 200m away, not 2km.

Punter - If DB thinks the grid will be delayed he could mitigate that by the company paying for the transmission lines. If it cost say a million bucks it would be well worth the cost. Any delay would cost tens of millions in FCF. On the converse if the project could be pulled forward by spending more cash then it would generate additional tens of millions.

1) Dupax is not yet baked into the price.

2) DB is wearing golden handcuffs after his huge stock options award.

3) Large substantial stockholders can not sell on the open market. They can only cash in on the sale of the company.

4) La India is ahead of schedule, any delay would only be a matter of months (I don't believe there will be a delay as DB always delivers). We have the cash to finance the build and the management expertise to deliver.

5) Abra is a five to ten year project and is not baked into the price.

6) Gold price could come down $1,000 an ounce and we would still be in great shape.

So, according to the above there is minimal risk.

Slowly slowly catchy monkey

Thanks for posting Harry!

Well, Candy already sold a chunk to Drachs. If he needs to sell some more Drachs will probably take them. Candy owns too many shares to sell into the open market, so if he sells it would be to a high net worth individual(s) So in my mind there is very little risk here.

With 6 to 8 weeks lost production, we still more than washed our faced. In an industry where process failure is always a risk I don't think the results are as bad as they could have been.

Seingred - This is the MTL forum not the Bitcoin forum.

Bert - I don't think the AISC matters for a bad quarter. Total sales less total costs is all that matters. If we an can make a profit and generate a bit of cash, that is all we can hope for. If we do $22M then we can achieve both.