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We don't have to worry about AISC, in theory, because MEGA Resources are paying it. People are missing this, I think.

Yes SonOfYoda, lets hope it's not a zero sum game then, eh!

Following the JV announcement ORCP now has 10% of the total profit take in total of the potential 4.8 million oz Gold asset. 480,000 oz Gold X $3820 = $1.8 billion.

With a total asset value at Kalgoorlie of $1.8 billion, about to be mined for free, a sub £10m mcap is an utter farce imo.

5% (a low NPV imo but whatever) of $1.8 billion = $90 million.

Yes the US top brass will perhaps be receiving their orders from on high. Will ALRT be getting orders from on high too? It feels so good investing here in the defence of the realm and hopefully not the demise of humanity!

Mmmm, It seems the hobgoblins are gobbling em up!

Yeah I think I will add too, watching closely.

Is this the Lord HawHaw effect! Secret squirrels all gobbling up our nuts lol?

From todays RNS (I've highlighted the relevant part for those with poor eyesight!):-

Naheed Memon, CEO of Oracle, commented:

"This is an outstanding deal for Oracle as it accelerates the mining of prospective gold deposits and REMOVES THE FUNDING REQUIREMENTS on Oracle whilst providing a share of potential profits at our Northern Zone Kalgoorlie Gold Project. MEGA are aiming to have their mining team on site early next year. Further details of the partnership's plans will be made available to shareholders closer to breaking ground. We plan to continue our drilling efforts on the shallower gold mineralisation and expand on the gold zones already identified. Oracle is highly optimistic for the long-term future of this project."

Right enough...Time to put my spectacle on I think!

Does an £8m mcap reflect the reality here of the near surface asset at Kalgoorlie with a free run at mining due to this new JV and the Thar project potential too?

Inexperienced investors are being being played here imo by both MM's and their associated miscreants on the board today! The fundamentals here have changed with the JV just announced. Inexperienced investors may not understand this sadly. Let the dust settle and true value will out imo...GLA.

Yes news, GGP got a carry to PFS from Newcrest initially, then it was 70/30 on costs you're right.

"Funding: Post-Farm-in, the parties funded JV operations in proportion to their interests, with Newcrest taking on 70% of the costs."

The terms of the Newcrest-Greatland Gold plc (GGP) joint venture evolved over time, but the initial structure involved Newcrest earning a majority interest in the Havieron gold-copper project by meeting expenditure commitments and delivering a Pre-Feasibility Study. The initial agreement established a Farm-in framework where Newcrest would fund exploration and development to earn a stake, ultimately securing a 70% interest in Havieron and becoming the JV manager. In September 2024, however, Newmont (which subsequently acquired Newcrest) acquired Greatland's remaining interest in the JV, consolidating 100% ownership of the project in a larger deal.

Initial Farm-in and JV Structure:

Farm-in Period: Newcrest was the designated manager and funded exploration and development activities to earn its interest in the project.

Ownership Tiers: Newcrest was initially entitled to earn a 70% interest after incurring a specified expenditure commitment (US$65 million) and delivering a Pre-Feasibility Study.

Funding: Post-Farm-in, the parties funded JV operations in proportion to their interests, with Newcrest taking on 70% of the costs.

Wow great news for ORCP and RGL. A free run at it. All paid for by MEGA Resources!

From memory GGP had a 70%/30% split JV with Newcrest but had to pay their 30% of costs, which was for deep drilling ofc, not near surface.

Good luck folks!

Ooooh. Wibble!

Look at the trading, the autobots are all scrapping about for shares amongst themselves!

Mad Ed will go short epp next most likely then announce windmills are nothing but hot air!

Oh, Mad Eds order must have been filled then lol!

Interactive investors have gone woke and are losing business imo! Maybe worth a short on ABDN (Interactive Investors owner). Mmmm

Gregoriarse- the omnipresent optimistic pessimist!

TurtleHead was right though eh. Great day and nicely subdued in here. Good weekend all.