Member Info for ProphetWarning

1% tungsten WO3 of 1000kg is 10 kg or about 8 kg pure metal. Tungsten trades at about $27 per kg so 8 x $27 = $216, now divide this by $40 per g of gold I get about 5.2 g/t gold equivalent. Tungsten should be higher than this and later this year the price will I am sure increase once Am and Ch rebalance the trade books. The grade starts at the surface and goes down plunge i.e following the ore, I think it’s around 2 to 30 m thick. It’s a medium to high grade deposit with good tonnage, a nice find.

Back of envelope calculations indicate for a 1% WO3 grade the equivalent gold grade is around 5 to 6 g/t which is not too bad for an open pit.

It’s most likely a standard email reply, information will be released via an RNS when they are ready which we are due anyway. Maybe Monday.

This seems like forever, POG looking gooooood though.

https://goldprice.org/

nice to have 50 000 oz of that a year...but first things first get it out of the furnace.

Thats an impressive result to be sure and over a sizable length.

Would that not be end of June then?

I use Hargreaves Lansdown, fees apply though and I can’t trade normally but in future if liquidity improves maybe, the assets look very, very good so maybe just maybe later some time.....

We have a number 2 trade, a number 1 is someone taking the pi55, a number 2 is more serious....

https://newfieldresources.com.au/nf/wp-content/uploads/austocks/nwf/2019_05_29_NWF_1559089080.pdf

They are most likely fixing a big problem with the lining, so it’s just wait and see.

Anyone else getting that uneasy feeling....looking at other funding strategies....Strip mining some of the dykes might bring cash in as opposed to high cash burn rate ! At this rate we will produce in 2 years time, I should have sold out and gone elsewhere. This not the first Australia company that I am having problems with either, they all like dancing but never deliver. Nice buy by a member of the management though.

GLA

Me too, just need that extra shut eye.

As for the share price it’s nice to see blue again...normally we are the ones blue in the face !

Something is afoot, or it could be Odey burying the preverbal foot somewhere to get things moving.

The lithium market looks to still be consolidating, but they have nice grades and tonnage which looks to be around ~3 to 4 g/t gold open pit equivalent which is not bad.

https://www.metalbulletin.com/lithium-prices-update

Could the 103 k sell be a sell in ISA to transfer to SIPP, I not sure if a transfer between the two is possible without a hard sell.

Is this related to the recent passing of Mr Wood.

I personally didn’t find TDT post derampish but another side of the story, should we just drop it and move on with the much more interesting share rerating of this hopefully great company.

I have had a few top ups over the weeks and most were down as sells.

Just wondering if these two projects are the ‘new’ projects to work on. I mean the buyer of Molyhil may not want us as partners but will buy the whole Molyhil project out leaving us with capital to work on these new projects.

There is no need to apologise TDT, you are as everyone else here allowed an opinion on a public board.

GLA

I think people are just frustrated at the moment, chill everyone, this time next year roddas...