Member Info for PortfolioPower

Also, just been reading about the impact of Basell III which will force the banks to unwind their short positions on Silver and Gold markets

Interesting times ahead.

In all seriousness Ken, it would be really great to learn abit more about the whole process given I can't recall anyone else on these bb's having real life experience of these exercises..

Thanks

Really intrigued by the whole process of pegging ground, I have seen it done on gold hunters or something like that where it was dramatised (looked like a TV set up) with two competiting guys racing out to peg a particular piece of ground next to a nearby discovery in the middle of no where, one was in a pick up, the other guy hired a helicopter.

Needless to say, the guy in the pick up arrived at the site only to see some stakes in the ground hammered in by the guy who rented the chopper and from memory he had to call in the location etc, but they didn't really go into much more detial as to what else was required to stake your claim other than that, I think he found a few nuggets near surface, all metal detectors and shovels stuff.

It wasn't you was it Ken? Lol.

@hydro

Interesting post. If all the Majors starter stockpiling inventory that would certainly squeeze the physical market.

Decent day here today for all Ramblers

"This will be achieved by a defined strategy of expanding the open pit, underground mining and mining development activities and associated gold processing plant and equipment.

This clear and accelerated development plan is entirely focused on meeting stated production forecasts and delivering value back to the shareholders of the Company.

The proceeds, and cashflow from operations, will be used by the Company to embark on the recently outlined Phase 3 Development Plan, starting the process of installing new plant and equipment including: a new gold elution plant; a new crushing and screening plant and upgrades to the thickeners, cyclones and installation of additional CIL tanks; upgrading of the existing tailings retreatment plant; construction of a new heap leach plant operation and expansion of existing infrastructure and engineering services."

Agreed Rob

Demonstrates both the government's and bank's commitments to these projects.

Very good news.

I think junior Gold, silver and copper plays is where the action will be for a while now and its only just starting, been selling down my oil stocks as that sector rolls over and funds going into the undervalued junior miners primed to explode.

Continued......

This partnership aims to go beyond general corporate funding facilities, and will also encompass community funding opportunities and the rollout of services to rural areas that do not currently have access to modern financial technologies and services.

In the coming months, Akobo and Oromia will work together to put in place the aspects necessary to build a range of Ethiopian mining services, as set out in the MoU.

From TODAY'S mining weekly...

"Akobo Minerals has signed a memorandum of understanding (MoU) with Ethiopian commercial bank Oromia Bank.

Under the terms of the MoU, Akobo and Oromia will cooperate to develop domestic services related to financing new exploration and mining projects, in accordance with international standards."

"Together, these services are expected to support the advancement of Ethiopia’s domestic mining industry.

Through their collaboration, Akobo and Oromia hope to become the leading industry mining partner offering operational and financial services, respectively, for new ventures and projects in Ethiopia"

@aprogoson

Good analysis, it's incredible the growth in production rate here.

Many will have completely missed this point.

Caracal have increased production by a factor of 20 x times what Goldplat managed.

They ontinue to grow production and are scaling up rapidly with further enhancements coming to include a new heap leach plant.

Gold inventory is building each month and we appear to be in a unique situation in trading below the sum of parts valuation, with nothing factored in for the planned growth trajectory.

These are the opportunities that I like.

Happy accumulating here as the company is cashed up, producing gold at an increasing rate month on month & looking very cheap now compared to peers.

Drill results incoming will add to the picture and resource expansion.

@Matt

Feel for the LTH's on a higher average like yourself.

The way I see it is that the headwinds that had caused delays are now finally lifting.

The Government seem determined to push this on now.

GL

Can't endorse any of these shorting practices, but funny how it's all gone quiet here today.

Value here now has to be to the upside as all the pandemic related issues improve over time.

GLA

I did say last week that the smart shorter will have moved onto the covid Stocks.

Bad news for SNG today.

All calm here.

Should be another good week here as we move towards the next update on the pre construction phase work being undertaken

Exciting times to be involved here.

More Good News

Price of Gold looking very strong

Gold is the place to be at present, especially low market cap juniors with massive upside potential

GLA

More Good News

Price of Gold contining to move up

Our Gold inventory value is increasing further and free cash flow generation improving.

Gold is the place to be at present, especially low market cap juniors with massive upside potential

GLA

£5.7billion of Gold resources held under licence across 3 projects here, that's not taking into account the Silver, zinc and Copper.

First Gold is due 2023 & Gold production is currently estimated to average 140,000 ounces per annum from the planned open pit operation.
Estimated All-in Sustaining Cost is in the order of US$800-900/oz, much lower than the industry average.

All aspects of the Tulu Kapi (open pit) gold project have been reported in compliance with the JORC Code (2012) and subjected to reviews by appropriate independent experts.

These plans now also reflect duly updated construction and operating terms with project contractors.

Regional exploration has significant potential & already been identified for further gold orebodies to be discovered near Tulu Kapi.

The Fed was created on December 23, 1913

Gold was $20/oz in 1913.

A Dollar PRINTED in 1913 is now worth just 3 Cents equivalent.

Gold is now $1900/oz