Member Info for redleader1

it was stated $380.This is a very high figure that I hope is true.
high $250 -$300
med $200
so we are looking at a low figure in your seario. My initial workings were on $200 .but we keep getting more info that leads us to believe that this is 20 mill + with additional cu and better grading to come. only time will tell.

There is a lot going on in the background and I feel when we have all the funds we need the sp will reflect this. Yes we should be at 50p and if I'm right to believe, we did have a broker rating above this. I will be her for the long as this resource will eventually give us £1.Mather is stubborn and very capable. Its just time.

well....if it is true that we are looking at $380 in ground then that equates to 43.7 pence for 30% of a 20 million oz resource.

workings are:
20mill x$380 = 7.6 bill
30% of 7.6 bill = 2280000000
2280000000 / 4206000000 shares = $0.54208
$0.54208 to GBP (1.24 ex rate) = 0.43p share price
This doesn't inc any margins that are usally incorportated.(usally 1%)
Happy days

well....if it is true that we are looking at $380 in ground then that equates to 43.7 pence for 30% of a 20 million oz resource.

workings are:
20mill x$380 = 7.6 bill
30% of 7.6 bill = 2280000000
2280000000 / 4206000000 shares = $0.54208
$0.54208 to GBP (1.24 ex rate) = 0.43p share price
This doesn't inc any margins that are usally incorportated.(usally 1%)
Happy days

Don’t forget the copper :)

The initiation note is in regards to what exactly? The start of the next fase of the farm in???? Cheers Red

Thanks

Nice post. Please can you post any data from their findings when drilling at their project close to scalley. Do you know how close it is to scalley many thanks Red.

New drilling oils/lubricants out as well that work better under heat and pressure.i has stock in an olD company a few years back. If I recall it was biofutures but got taken out. Drilling has defiantly improved.

To be exact, cpn10v body/ tip carrier that is triple tempered and with tungsten carbide tips that are manafactured with a DLC/ cubic boron nitride as a total compound

I’m a toolmaker. Scalley can be drilled. Fact

Why wouldn’t NC want scalley! Look at the logistics for a starter and familiarity of possible ore body. It was created the same time as Hav. Come on magic give us the tech on scalley.

it was confirmed by SB that its the biggest find of an era.. Now go see how big an ERA is.it is a very large moment in time.Last biggest find of this era was 100 million oz.

Takeover imminent.GH will be made an offer he can't refuse.

I see the children have turned up .They must of found the password to their mums laptop. Evening all.

biggest find in this era is 100 mill oz is it not?

it was confirmed by SB that its the biggest find of an era.. Now go see how big an ERA is.it is a very large moment in time.

Sandeep was saying that they Have a couple of High margin opportunities (Hav and RED C ) and then in the next breath was saying that NC would only look at buying 100% of HAV if it was capable of offering a good profitable margin. or words ti o that effect. its a buyout and he knows it.

That’s just the gold no cu included and still not fully drilled to depth and open to the NW

Correct me if you think I’m wrong but HAV is showing it is a 30+ million oz rescource