Member Info for Madpunter

It was on the 14th April, if my memory is correct.

Bonker99 - What about the gap around 6.5 - 6.75?

The empirical evidence ia that 50+ computer models in different universities, not even 2 with the same figures, all agreed that the average temperature of the planet was 15°C and that it was going to increase by at least 0.5°C by the Millenium. However, after over 2 decades of this prediction, the IPCC and those universities started using 14°C in 1997. This was because without losing a whole degree, the temperature would have shown a drop of almost 0.4°C. After manipulation the Millennium figure of 14.6°C showed an increase.

Takeover prices are usually between 1% and 5% of the in ground value. If Cascabel was in another country and shovel ready, with all the permits, then the parameters might extend to 5%. IMHO 1% to 3% is more realistic. IMHO15p to 20p for a buyout is not going to happen even with the current prices for Gold, Silver and Copper. Factor in the future prices for these metals and a liw ball offer succeeding is preposterous. Using the median costs per ounce for Gold of $1328/oz gave a profit of $422/oz when the PFS price of $1750/oz for Gold was used. When Gold hits $3016/oz the profit quadruples (it was only 14 dollars short earlier today). Add to this the decades of mine life and no major is going to let another get this on the cheap.

Adieuk32 - When the price of Gold hits $3016/oz, the profit for large producers QUADRUPLES! The Median cost for large producer's is $1328/oz, which gave a profit of $422 for each ounce produced with the $1750/oz figure used in the PFS.

Search 'Bombings in Sweden.'

There were 162 in 2018, 97 in the first 9 months of 2019 and 30 in January this year. These are with hand grenades.

RR - They're people who went straight from university to banking and have never run a business. It's why they keep making the same mistakes. Easy when you're risking other people's money and not your own. Plus when they make big mistakes, like those that caused the 2008 crash, they still got their bonuses.

Flying again. Currently $2844.7/oz. How long before it breaks $3000? At $3016 it will be 4X as much profit as the $1750/oz figure used in the PFS (based on the median costs for large miner's of $1328/oz). How many multiples of profit before someone bites?

Coggy - Let's hope that instead of giving your left b****k, you're bareing it in Woolies. Then we win and the only one's suffering will be those people walking past Woolies lol.

Instead of filling water canons in Tbilisi. Just need a few of the police to join the protesters and the GD will fall IMHO.

Pbow - When I mentioned the costs of building the mine (CAPEX), I was referring to these costs, hence 'FN get the 1% with no additional costs.' My reply highlights the fact that the NM deal wasn't that bad. I don't think anyone would turn down a $10bn bid or even $5bn for a 50% RSA. The latter would be enough to build the mine and pay out a special dividend.

Pbow - If the rate NM got for 1% is extrapolated, then for a full takeover it equates to $10bn. I know that if a major paid this price they have the costs of building the mine to add, whereas FN get the 1% with no additional costs. However, the deal was before Alpala was advanced with permits etc and when only 85% was owned by SOLG. The metal prices were much lower as well, with recent prices of Gold equating to 3.5 x the profit when Gold was $1750/oz.

Quady - The average temperature of the planet was 15°C for a couple of decades. Then between 1997 and 1998 the IPCC started using 14°C. This enabled them to show a rise of 0.6°C by the year 2000. Manipulating the data to give the result that was wanted and predicted is not science.

Discrediting The Mediaeval Warm Period because the computer models can't explain why it was warmer is not science.

However, claiming that it's a climate emergency because the average temperature could increase by 1.5-2°C is totally absurd for a Tropical species with a blood temperature between 36°C and 37°C. At 35°C hypothermia starts and even at 21°C this can happen in a few days or even a few hours if caught in a storm. It's only our ability to make clothes, shelter and farm foods to provide adequate warmth, which has allowed us to escape the Tropics.

If the contract was terminated in 2020 why have they waited until now? IMHO they needed to steal the election again, otherwise they could have announced this four years ago or when Frontera ran out of time with the liquidation process.

Flying again. $2800/oz broken earlier. Now $2796.

Gold $2747/oz.

Stated

Quady - You stayed that we couldn't have lived 200 million years ago because it was too hot. My reply proves that we could survive those temperatures. You won't admit that you're wrong and try to argue by going off at a tangent. We weren't around because we hadn't reached that point in evolution. This doesn't mean we couldn't survive at those pleasant temperatures of an average 26°C for the planet 200m years ago.

Quady - You state that we couldn't have survived 200m years ago because it was too hot. We're a tropical species with a blood temperature between 36 and 37°C. At 35° hypothermia begins. We only left the tropics because we can make clothes, fire, shelter and farm foods to give adequate calories for heat from within. Crocodilians have been around for over 200m years and can survive a range of 4°C to 39°C, but typically exist in regions of 25-35°C. IMHO Iit would have been easier to survive in the warmer climate of 200m years ago, than living outside of the equitorial region today.

Quady - I will agree with the move to Hydrogen by the EU. However, IMHO the gas will eventually be imported from the Republic of Georgia, where the natural gas will be converted into Hydrogen. The resulting Carbon footprint will be outside the EU. I also think that the stupidity of EV's will eventually cease and be overtaken by vehicles using Hydrogen fuel cells.