focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Gold on the move up after Powell's speech started. Not sure yet what was said.
There are lots of factors to take into account and grade is just one of them.
Others include intercept width, depth below ground and consistency/density (i.e. did many holes hit the good stuff or just the odd fluke).
Yesterday's figures had one decent hole but the other c.17 were poor unfortunately. Let's hope the remaining 18 are a bit better.
This was also mentioned in the recent presentation/q&a together with a few other options.
Also the planned grade for 2023 is 3.0g/t not 2.25g/t. Yes it will probably vary a bit month by month but if it averaged 2.25 instead of 3.0 that would be quite a big difference.
Computer-generated
I am not expecting any slow ramp up like you describe Tornadotony. Listening to the recent presentation/q&a they have already been ramping up mining over the last year and have 15,000oz+ stockpiled ready to be refined. Later on he says they are estimating c.2koz gold production in March alone.
Gold rocketing, nearly $1950. Not looking too good for our furry friends.
Gold nicely up on the FED news.
You might be right on the reserves. I said proven as a general term for 'reserves', but techinically they may be 'probable reserves' as can't see any mention of 'proven reserves' on the website.
Also no need to discount your already conservative valuation by another 50% for 'imperfect information on the deposit' - the mine plan is based on proven reserves so is as perfect as it's possible to get. Certainly it should be no more imperfect than at any other mine such as NGLM.
One of the things you missed is the AISC reported for NLGM already includes development/exploration costs to replenish reserves (which is the S in AISC). This is also explicitly stated in each quarterly update.
I suspect a significant part of the market is convinced that Shanta will mess it up this year and Singida will be delayed or there'll be some serious issues, despite repeated statements that everything is on track. They have SHG on some kind of mental '**** list'. Eric referred to 'proving the doubters wrong' by successfully reached first gold pour in March and I expect this will be a major catalyst.
6 weeks to go.
Shorters are no different that buyers really. Shorters sell then later buy, buyers buy then later sell. What matters is the balance between buyers and sellers. So to me it's a shortage of buying interest that's the main 'issue' if there is one.
Last chance to shake weak PIs out as well, so expect a pick-up in FUD.
250k buy from earlier Redhill - Leslie buying back?
Redhill must have some magical psychic powers that allows him to determine who the person is doing each buy or sell?
Either that or he's just making it up.
The other thing to bear in mind is on TSX the 'current price' is actually the price of the last trade, whether buy or sell, and not the mid-price, and the spread is wide. Which is why one day it's 'down 25% and the next 'up 25%'.