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Good afternoon all,
I'm a fairly new investor to Alba and am excited about what may OR may not be around the corner. Roll on the drilling and sampling results. Until then I completely agree with fishfaced that SP speculation on here should be kept to a minimum. There are too many unknowns just now.
So to next steps.
I am not very familiar with the area that the mines and prospects are in but from memory there aren't major roads in the area and that area itself is in a national park. Let us assume that there is gold in them thar' hills (sorry I couldn't help myself :) ) and that it is in there in sufficient concentrations to make it economic to dig out of the ground. How do you transport hundreds of thousands of tonnes of rock to somewhere that you can process it OR how do you process it on site and what then happens to all the waste rock and water from that process ? If you transport it then there are going to be objections from neighbours and environmental concerns if done locally. All of which is going to have to be done in a national park with relatively poor road links.
Maybe all this has already been addressed but I thought I'd throw it out there because I have been asking myself how they could do it.
NS
Hi Jeremiah,
Yes I'm sure I've seen that figure too. I used the 10g/t figure only as example , like everyone else we're waiting with baited breath for drilling and sampling results. Either way even at 26g/t that would be £5-6k a day minus costs which isn't going to make may of us on here wealthy and if it really holds 500k ounces then with 31g per ounce that's going to take a VERY long time to process at 3t per day :) . Clearly the plant really is just intended as a pilot and there will have to be more investment or outsourcing to provide commercially worthwhile processing.
Hi all,
It's good to see the SP moving north again. I've seen a few contributors commenting on the order for the ore processor from SA as a pointer to the company having an income stream. The plant as far as I know is just a pilot, presumably for doing on site assessments of samples rather than for making any significant gold production ?
I've seen a figure that says the plant is capable of processing up to 3 tonnes a day. If we assume that someone is going to be feeding it all day and it really does process this much and that there is gold in the ore equivalent to a Tier 1 mine which would be up to 10g per tonne then the plant will be producing up to 3 * 10g per day. Gold price is around £45/g So assume a premium of £60 for Welsh gold and that makes it about £1800 per day minus operating and mining costs.
GLA
NS
Hi mercedesman,
0.4% Copper will equate to 4kg copper per tonne
alb
NS
Hi speedy, Bamps,
That must have made mr third out of the door then :) ... and that was a LONG time ago !
1 tonne = 1000kg. 1kg = 1000g
so
1 tonne = 1000 * 1000 g = 1 Million grams
so 2g per tonne is 2/1,000,000 = 0.000002 or
0.0002 %..... maybe ?? ;)
So that mould make High Quality ore between 0.0008 and 0.001% ??
From Investopedia -
"The World Gold Council on Grading
The World Gold Council defines a high-quality underground mine as having a gold ore density between 8 and 10 g/t, while a low-quality underground mine has a gold ore density of 1 to 4 g/t.5
? Open-pit mines tend to have a lower grade, but they can be considered very valuable because of the lower average operating costs necessary to obtain them. 11? The council recommends using cost per ounce, not gold ore grading, to evaluate a gold mine."
Hi Bamps,
I think that 0.2% must be wrong. It would mean that we would need to extract nearly 3kg of gold from every metric tonne for it to be economic (1% of a tonne being 10kg) I doubt there is that much gold, even in Haverion ? Though I'm very happy to be proved wrong :)
Hi Bamps,
I think 2750ppb (if it means parts per billion ? ) would be 2750/1,000,000,000 = 0.00000275 or 0.000275%. Not quite as exciting. If you meant ppm though it would be 0.275% I think.
NS
Mail on Sunday article about gold as an investment.
https://imgur.com/a/incSJUl
Next years new model perhaps ?
https://www.classicdriver.com/en/article/art/what-do-you-do-if-your-aston-martin-turns-a-hippopotamus
NS
Not production figures unfortunately but proof at least that they are making some :)
https://www.youtube.com/watch?v=DDAcstDgnMI
Alba is the old Gaelic name for Scotland. The BBC's Scottish service is BBC Alba.
November 12th I think
Good Morning All,
I'm fairly new to GGP and would like to congratulate you all on having one of the most informative and interesting BB's. Those of you who are long term holders have obv put in the hours over the years. GGPHelp is a great idea too, I'll have to set something up like that when I find the next GGP :)
I've seen many threads discussing images of roads and drill sites and have seen Paddy Sat's Twitter feed etc. I have a couple of questions, which site/s do you use for imagery and is there a list of locations that I can use to look for myself ?
GLA
Thanks
NS
Thanks Wylie
Now to figure out what I'm doing wrong
NS
B***S
topgear.com/car-news/electric/interview-mercedes-benz-boss-new-s-class
Hi Dunnieboy,
I tried to put a link in but the site removed it for some reason. It does sound like the move to AM was amicable so it bodes well for future co-operation between the two.
I've removed the active bits of the link - This is the address - www.topgear.com/car-news/electric/interview-mercedes-benz-boss-new-s-class
NS