Member Info for rhwillcoll

We're nearly there, folks!

Nativo Resources

@nativoresources

#NTVO’s operations director, Jorge Pinedo (L), and geologist Harold Villena (R) discussing mine sampling and planning in our Lima office ahead of mining recommencing.

#Mining #Peru #Gold

A new gold high today - $4,643 per ounce!

Hi Downagain, thank you for your interpretation. Fwiw, I think you are exactly right. It seems they simply sold yesterday at a profit, but this does not in any way affect the loan, which as far as I understand it was fully made to the company last November. This is their normal practice, rather than a long term investment strategy.

All present and correct - normal practice and seems fine to me. I ran past my AI facility, which also confirmed that this is quite normal.

Thank you Fergalcat. Yes, I think that you are correct. A nice balanced post and much appreciated.

Fergalcat, great post. Many thanks for that. Helx2, a great re silver price!

Would I be too optimistic to say that NTVO has "a million" ounces of gold in its concession, and many millions of silver in its tailings? Feel free to disagree, those who are really invested here. I don't wish to ramp, and all we are really doing is to establish the reality. However, in an X update over Christmas/New Year, NTVO did mention the millions of silver in their tailings already found. That, in itself, is quite something - but the figures do indicate that, from the company's website.

Hi Texlax,

This is priced too low?

Tom, thank you. Much appreciated. All the best.

What is the current PE here, please? If making 8 million a day, I make it a PE of 2? Is that incorrect?

Thanks!

If in doubt about what is happening re buys and sells, it is good to remember the following, imho:

1) The leadership here is outstanding - far greater than a 'standard' aim company.

2) The superb RNS from yesterday - in my opinion the official amount of gold will now be increased, well above what it was before. Not least, St Elias is now confirmed. So, could this now become a few million ounces, as they said?

3) A very large amount of gold was found at the surface - that is brilliant for costs and production.

4) New mining areas have just been found.

5) NTVO is about to become a gold producer, and in just over two months, the GOPP will be on stream - for third party gold processing.

6) The price of gold - and silver for the add-on tailings - is at an all-time high.

To me, this all adds up to a great investment, especially as the market cap here is only around £2 million in total, which is ridiculously low.

Thank you Helx2, you also know what's happening and have done great research.

12 million solid buys in the last 20 minutes! Fast turnaround by the looks of it.

Now 9 million buys in last ten minutes. Looks to me as though we will be going blue fairly soon! Quite right, this is a great company being established!

Indeed, that is excellent news. What is also great is that in the past ten minutes there have been more than 6 million buys!

Christian Yates, the Chair, is both a military and financial man. Stephen, the CEO, is a very practical and down to earth Scotsman. George, the manager of the Peru mining is a very able and experienced engineer and mining expert.

This company is being run with great military precision and with very cool and practical heads. It has taken a long time to get to this excellent stage. What we will continue to see is great leadership, ambition and ability.

Hi F1 Driver. May I reply to your most recent comment re daily gold production? There are two different projects that the company is pursuing very short-term, gold production from Bonanza and separately, La Patona, mostly on behalf of third parties.

This is my take re own gold mining - because of the nature of each mine and difficult to access, we are talking about 4 tonnes per day, per mine. However, there is likely to be up to six of these, so that is 24 tonnes per day, say 30g per tonne per day. That happens to be 24 ounces per day.

ALSO we have La Patona GOPP, say at 150 tonnes/day, on behalf of NTVO and artisan miners. So, it is the two added together.

Hoping that makes sense. Please, if anyone thinks differently, just address it here. I am going from Stephen, our CEO's comments, from the recent webinar. You can't simply send in a JCB due to the nature of the terrain. But adding up both own gold production and gold processing on behalf of third parties, we end up with a substantial profit total per day, per month and per year - and it is highly scalable, I hope that this helps.

Longfell, all your comments are actually addressed in the webinar of last November. It is crystal clear, and you are incorrect.

Gold price right now is $4,631 per ounce, a superb background to what NTVO is all about. Plus massive silver price for the tailings. Plenty of work on behalf of third party artisans throughout Peru, and with Peru authorities about to amend the law to formalise artisan work, very much in the company's favour.

I am personally thinking of x10 our current MC by the end of this year, but I think I am being conservative in my thinking. I would be okay with that - with both La Patona GOPP and NTVO own gold production.

All three projects: own gold, GOPP and Tailings - are highly scalable. The company is showing great ambition, leadership and communication. The webinar from November is well worth listening to. I'm very pleased to remain invested here, this is an excellent investment imho if you are looking for something gold-related. Although the Tailings is also an investment in silver. Everything is highly scalable, that's where I'm coming from.

Price of Gold right now is $4,596, an all-time high. Not far off $100 per ounce more than on Friday. A 4% increase today compared with Friday.

Excellent RNS this morning. NTVO is making great progress. Great leadership and ambition, combined with very high gold assays and very high price of Gold.

Unrelenting forward motion, I like it!