Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Him and his friends have been shaking the tree for weeks to accumulated at a low price.
We can actually hear ourselves think now.
Just the gold to 100m depth at Plateau was worth £3.7m to £10.7m when gold was $1718/oz over a year ago.Updating for the current $1980 gold price, increases the positive cash flow from a shallow pit operation to between £11.8m and £18.8.
If we find additional shallow gold (looks likely) at Plateau numbers will increase proportionally.
It looks like the got at least double the current 53,000 oz down to 100m and DP wants to see how much more is there before he contacts the neighbours. Think Gold Rush on Netflix and that is a shallow open pit/cut mining operation except at Plateau there is no overburden to remove.
25% off the bottom in 2 days on good volume as soon as the trolls left. HMMMMMmmmmmmmm
sorry my mistake 1Mt Cu has a MV of $10.5bn and 2Mt double that.
This is where Dee Patel has pulled the $20bn from.
I have stuck mostly to a valuation of below 100p a share. Under exceptional circumstances
that could stretch to 250p, but that is still only £2.5bn (only!!) and nothing near the $20 bn claimed
by Dee Patel.
Well Mr White, have come full circle we might as well finish where we started, on the potential for a large scale copper deposit.
My final estimate after the various drilling updates, was for a Maiden Jorc resource of 125,000 tons of copper from the five holes and historic drilling, so that was very close. DP did exactly what he set out to do.
All indications are that current drilling id on the top of a major Copper Porphyry deposit and that the area covered so far is a tiny tiny portion of the total. There is easily, IMO, potential for 1Mt to 2Mt of Copper with MV of $1.95bn to $3.9bn, we will have to wait and see.
Fred 1000%
I have decided to post ALL my research on here.
I will answer ANY question, I am confident I know the company
that well, AND have the have the relevant professional experience to comment.
Please do not leave Now.
I am about to get to the Copper!!
Zinc value proposition.
Greek Government estimates were 2.9Mt of high grade ore at 7% Zinc 3% Lead and 150g/t Silver. Price 'discovered Molaoi in 'the archives' in 2015. Contained metal, in this DISCOVERY (175 DD holes), is;
203,000t Zinc MV $910m
87,000t Lead MV $211m
14,500,000 Oz Silver MV $362m (this is the only figure I am unsure of here so will reduce to $100m).
THAT IS £1,200,000,000 of contained metal value.
Price has located the cores, which are in very good condition and taken 51 samples designed to spatially 'cover' the 1.5km of strike where most of the drilling in the 80's was concentrated. These samples are with the in Townsville, N. Queensland.
Back in the late 80's the Greek Government built a 700m slope down to the main Western ore body at around 50m depth to take bulk ore samples. This was a combination of reinforced concrete and timber construction and so I am of the opinion that it will be serviceable. The deposit is ready drilled and was deemed a project of 'National Significance' by the Greeks but then shelved and not resurected when prices dictated as the Greeks finances did not permit. Well with Zinc trading at $4483 per ton currently, I can tell you, clearly that is no longer the case. It was through a series of events and Price's persistence that we have got our hands on this. I am saying this is a relatively near term winner.
The drilling to date covers 1.5km of a total strike of 7km and with some sporadic drilling, but with very good results, the scope for expansion is significant.
Everything I have mentioned in relation to the Zinc Project in Greece I verifiable via RNS of official Greek Government data.
Thanks for your input GS. Got any thoughts/feelings on the gold 'value proposition' I posted earlier?
OK here is the update calculation.
For the numbers at $1718 gold the £3.7m represents $90 per oz profit and the upper forecast of £10.7m $260 per ounce.
With gold now at $1950, an increase of $232 per ounce, allowing for a $32 increase in costs, there is a net increase in profit per ounce of $200.
The $90 for the lower band is now $290 and the $260 for the upper limit has increased to $460.
The cashflow forecast are therefore £11.8m to £18.7m
OK as the pen is mightier than the sword and in the interests of all concerned I have decided to throw down a 'value proposition' gauntlet for us to discuss.
In April 2021 the company disclosed the results from a scoping study for a shallow pit operation at the Plateau gold deposit. Under different cost assumptions the project produced a +£3.7m to +£10.7m. The study was conducted with the price of gold at $1718 compared with the current $1950. An updated cash flow analysis results in +£11.9m to +£18.8m. I am happy to supply my calculations should anybody want to discuss.
We are returning to Plateau soon to delineate further gold resources before we contact the neighbours regarding the processing of OUR material in THEIR plant. IF the gold in increased from the current 53,000oz to 100,000oz the cash flow increases proportionally to between £22.5 and £35.5m
Dee, Strummer, Chimpy, WSG I would love to discuss this with you guys as with a market cap of only £4.5m and that much cash value something has got to give soon. The gold has been there millions of years and so is going nowhere.
All folk have to do Patel is look at your post history to see your post on other shares and they will see that what you say on the ACP chat at the very least makes you a hypocrite.
I think you mean 'gaslighting' not 'name-dropping'
Dawood Patel, one of the small shareholders opposing the deal who has a £60,000 holding in Bacanora, claimed that the offer price hugely undervalues the potential of the Sonora mine, due to start production in 2023.
https://www.thisismoney.co.uk/money/markets/article-9641119/Backlash-sale-lithium-Chinese-predator.html
Go sharpen your Axe somewhere else Patel
WSG I do not know whether to laugh or to cry as you are now entering Loony Toon territory.
You say your 'friend' lost a significant Sum here and so to have been unfortunate to have crystallised
such a loss they must have invested a significant sum to start with. So I have a couple of points to make
regarding your hindsight attitude.
I put it to you WSG that you are in fact CJ, who I had to delete from my Rock Chat for precisely the kind of 'anti-social' behaviour that you have exhibited here.
Further more I put it to you that it was you who bought at 0.9p, even buying some for the pointy umbrella Mother and, IF they even exist, your poor friend. AND now you looking for someone to blame for losses you have crystallised as you panicked with the war in the Ukraine. You are the kind of person who is NEVER wrong and so in order to perpetuate this illusion always need a scapegoat. Well you picked the wrong Guy. You might as well call yourself Transparent Suit Guy, you are that so transparent.
I suggest now you have crystallised the loss for yourself, your Mother and your 'friend' ( designed as a device) the best thing you can do now is buy back the stock as the path from here is clearly upwards. Sorry if that has caused you a 5% loss but that 'Bud' is the nature of the Game.
AND DO NOT claim 'sweet innocence' we are all big Boys and Girls here in the Wild West of the Wild West.
hope your BBQ gets rained on tomorrow, you are a Jonnie come lately and so increase your chance of being a loser here.
best regards, an old friend
1) WSG we know you are CJ and we all laughing at your ridiculous posts.
2) you should not have imaginary friends at your age, but I suppose they are the only kind you have
3) you have been very selective in your choices from the Q&A but even then you seem not to understand.
4) I think you are a liar and you actually want to buy in cheaper, I hope you miss that opportunity
Nitrazepam, sold under the brand name Mogadon among others,[2][3] is a hypnotic drug of the benzodiazepine class used for short-term relief from severe, disabling anxiety and insomnia
Plateau scoping study results from April 2021 indicate a positive cash flow of between £3.7m and £10.7m. The gold price used was $1718. As most of the costs are fixed, a high proportion of the $208 increase in the price of gold can be added to the cash flow. Current price of gold results in an upgrade for the lower band to £11.9m and to 18,8m for the upper band.
This is for 55,000 oz (from the 130,000 Jorc resource) within the first 70m.
clearly nobody has seen DP's response to the Q&A from Mondays presentation then
c
that was my bed and ISA