Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@Furion, no not aimed at you chap just a generic comment regards SP - traders sold on a 30% rise & are now waiting for their next buy-in (if they can talk it down they will) - Blue tomorrow š
Can always tell whoās sold & looking for a cheaper buy-in by their subtle criticism - more news to come & more gold results yetā¦ I topped up again this afternoonā¦ GLA
Weāve come a long way - waited endlessly for licensing & dewatering - people said weād never get here & yet we have now proved we have gold - Alba sound incredibly confident about the mother load & the gold price continues to rise (& expected to continue) - This is the start of the come back & a great time for newbies to buy in (wished Iād bought at todays prices) - GLA
Wowzer - wasnāt expecting thatā¦.
These composites have now returned exceptional gold grades:
o From Composite 1: 3.1 grams of gold were recovered from 49.2 kg of sample (dry weight), equating to a back-calculated head grade of 89.15 g/t or 2.87 troy ounces per tonne (oz/t).
o From Composite sample 2: 3.2 grams of gold were recovered from 34.4 kg of sample (dry weight), equating to a back-calculated head grade of 111.63 g/t or 3.59 oz/t.
o From Composite sample 3: 4.0 grams of gold were recovered from 36.9 kg of sample (dry weight), equating to a back-calculated head grade of 133.73 g/t or 4.30 oz/t.
Going to process the rubble at bottom of L4 too - Weāve waited a long time for this - Well done!
GROC has to be a take-over target or the Government will have a golden share stopping its sale, either way it bolds well for their bigggest share holder us/Albaā¦. Should be entering a news rich period now, drone results any day/wall samples etcā¦. GLA
Soon as interest rates drop, maybe next meeting, they reckon gold will start its climb to record highs - Miners are currently very cheap across the board and so miners are now viewed as a buy (particularly gold/precious metals) - seems the stars might finally be aligning! GLA
This is great news, moving from explorer to mining for gold - smelting inside of 6 months - itās what we all wanted!
Will have a wee drink tonight!
Ignore the tradersā¦. They always come out on good news, absolute pond life.
@Shirley - 25 samples had previously been sent with Alba still processing the other 15 (basically smashing & filtering the rock down to particulates) - All 40 samples are now at the lab being essayed so results any day. GLA
Brilliant news - All systems now go - seems unreal to be discussing smelting gold! Time to top upā¦. GLA
@Alans55, working in an AONB slowed things down, regulation, but the mine is now dewatered, we are on level 4 (bottom) & due to bulk sample the primary target as early as next weekā¦ Scrapings of the walls to see what constitutes gold (& other metals) have already been taken with results imminentā¦ Cheers
Much appreciated - Did they give any indication why these wall scrapings are taking so long (George did say āresults in the coming daysā)? Cheers
Cheers Scot, whilst I appreciate the L4 floor is the primary target for bulk sampling - what was the purpose of the wall scrapings as they donāt appear to have any real purpose or value? Cheers
So itās looking like tomorrow for an RNS, one would surmise that as weāve heard nothing all is good (the market would have to have been informed otherwise) - Looking like we start bulk sampling the primary target Mondayā¦. Just need those gold essay results now to prove to the market we have gold & PR the crap out of itā¦ GLA
Assuming the application to sample L4 primary target was submitted 21st Feb (RNS was released first thing on 22) then 21 days will be up end of play tomorrow so we āshouldā get an RNS no later than Friday/Mondayā¦. GLA
Indeed, Iāll be adding more once paid although we should get news today/tomorrow regards L4 bulk sampling for the primary gold targetā¦
Alba does this, it goes quiet then releases rapid RNSās of multiple updatesā¦ Iām very optimistic here but it has been a long/hard slog for sure!
Better days are coming folks ;-) GLA
Hi Scot - were you able to glean anything? Anything you can share? Us lifers would be interested to knowā¦ Cheers
Be blue tomorrow you watch - we dropped because of one large sell (they may have had enough or maybe just desperate for the funds weāll likely never know) - We still await gold essay results, drone survey results, bulk sampling start date & the waste tip trenching - nothing has changed other than a sell has affected some peopleās emotionsā¦ Shares go up & down & will mess with your emotions if you allow it (traders depend upon it)ā¦ GLA
Sydas, they are buys - try a dummy buy/sell & youāll see the price (0.0723 to sell, 0.0758 to buy) that initial 20K knocked us down & now weāve got to absorb thatā¦. GLA
Ignore that request, just done a dummy trade the sells are actually buys (buys are 0.758 ish the sells 0.723 ish)once that 20K sell from this morning is absorbed weāll be back up - GLA
Am I right in believing the relevant authority has 21 days to object to Alba bulk sampling L4 & then we automatically proceed (21 days being up tomorrow/Thu) so fact weāve heard nothing would suggest there has been no objection thus far so why sell? GLA