Member Info for Rockhead

Yayay.
Welcome back to what is surely your spiritual home. Mr. Rocket is most pleased to hear from you with news of the canal folk. Your departure aboard a UFO in search of Alien Metals in far-flung, brownfield lands, suggests that you have restored faith in your longevity to see returns over the next few light years. You clearly regard your Earthly sojourn with SGZ as a mere moment in your cosmological destiny. Please, from time to time revisit us 21st century, Earthbound mortals with news from beyond the fringe. Meanwhile, we are (fingers crossed) onwards and upwards.
Kind regards, R.

Samson, a rambling rant upon the world indeed, but have you missed the plot? Perhaps this $ money tree will shower it's fruits mostly upon the 1%, thus enabling them to aspire to owning not 99%, but 99.9% of wealth and power. At this point democracy is a mere gloss on government by plutocracy and oligarchy that can consign the 99% of us mere common folk to a dispensable resource of the elite. Did you not notice the demise of the 'personnel department' of the 20th century in favour of the 21st century 'human resources?' Perhaps we need to go one better than Jeremy and have a revolution to rebalance things! If I'm wrong, perhaps they need to print the money to finance re-invading Afghanistan!
Regards, R.

Yayay is still around the LSE cosmos in UFO, clearly hoping for a better return from Alien Metals than gold. Ironically since May, UFO has drifted down as SGZ has slowly gained! That damned AIM magic roundabout! Yayay, if you look in, please let us know if science fiction has impacted South Worcestershire.
Regards, R.

Aye,eye! Survived another session in the OT.
"This time next year Rodders." Well, a while ago in reply to a poster asking what sort of grades we might be getting into, I quoted a report back in 2013 with ore-blocks we might first be getting into at 10 to 20% Au. This has since been confirmed in a recent RNS. I couldn't give a link then, but can now and here it is if anyone is interested:
https://hotcopper.com.au/threads/ann-cononish-development-study-results.1983049/
Figure ES2 gives the ore-blocks and expected grades. That data won't have changed though much has changed in relation to the rest of the document. The scheme of mining will be similar and so figure ES6 gives some idea of what might be achieved if we are able to proceed to Phase 2 production and table ES4 the projected results. It will be interesting to see how near we get to these in the next few years. Just thought I'd throw that in as topics are thin on the ground.
Regards to all, R.

Baz, yes, time you had a visit! LoL! Come to that, time we all had one when phase 1 production achieved and sustained. Can't see that happening until next Spring until all goes well and covid risk lessens, but will keep an ear out for a chance.
See you all there if I have enough vision left! Third eye op next week due to complications! Yawn!
Regards, R.

The 'ore thickness' can only mean vein thickness IMO. Hence a wider stope or heading face will get more tonnage of ore and less dilution per blast. The 'backfill/ item is a new one. I'm sure it won't be pumped slurry as the tailings are de-watered by filter-press prior to surface dry-stacking. It might be stockpiled barren rock if the stockpile for dry-stack foundations is too large for planning permissions. Most likely IMO it would be from nearby development headings for access that are off-vein, as this would be an efficient way of disposing of it without having to transport it out of the mine. Just my view from public data and having twice visited the mine.
Regards, R.

Afternoon all.
Failure mitigation work completed as was expected from last month's RNS but at some cost to processing, though that seems to be bearing fruit with 10 days of continuous operation. At ~ 90% of Phase 1 operation. That would be at a rate of ~2.7kt/m or ~900t in the last 10 days, but we have no indication of the amount processed in the previous 21days. PD's aim of consistency, will be proven when we get something like 3kt/month processed and closer to ~825 g Au/m. It is unlikely that the grade of ore milled can be reliably measured until consistent throughput is achieved.
The progress in mining sounds good, but likely much of it has made the stockpile bigger and richer. So progress seems good, though consistency in processing over next month to be looked for.
Lack of mention of separated gold disappointing, but amassing of enough to dispatch to the refiner to be treated separately to retain the Scottish gold provenance may take some time and the train of events is tortuous.
Obsy, Mineral separation should be good like:
https://twitter.com/GrahamScotgold/status/758551691113398272
the galena/electrum (Au/Ag) separation may not be perfect and in the BPT some galena was re-run over shaking table.
https://twitter.com/GrahamScotgold/status/917270220913250304
Whether this is needed in the new plant is unknown, but once the separation is OK, the crucible smelt had little lead and the main impurity was silver.
Let's hope for more information next time.
Regards, R.

Here's hoping for good news in next week's EOM report with a wee top-up.
GLA, R.

My one and a half eyes don't encourage me to use figures in the documentary. Rather those from the company website data suggest that achieving phase 1 annual production of 9910oz Au (825oz/month) @ say £1300/oz Au and overall costs of~£570/oz, should give a monthly income of just over £1m of which ~600K should be pre-tax profit. It will be interesting to see how near we get to that at the month end. If we can hit it and maintain it, then bonfire night repay day to directors +1 will be a doddle!
GLA, R.

Morning all.
The old right eye needs another tweak, so in isolation, PCR test Sunday and back in theatre on Tuesday. So I'll be seeing you in a bit, I hope!
Talking of tweaks, it's been a long time since we had an update on the Grampian Project and what excites Phil about what the geologists tell him.
Western Exploration were to be drilling in the Knapdale area and expecting results in Q3. That could be interesting.
https://www.westerngoldexploration.com/wp-content/uploads/WGLD-final-press-release-announcing-start-to-drilling-May-6-2021.pdf
Roll on the next SGZ month-end update!
A good weekend to all here, R.

Afternoon all.
Kenny, thank you for your wishes. Back to the hospital tomorrow to assess the outcome.
Steelwatch, ta for the link to a very good article.
Bellers, I'm with you. We've got pics of the mine, ore and a truck of concentrate, so dore bars next, please.
GLA, R.

The bong-eyed one is back! Thanks to all those who wished me well for my op. Foggy in one eye, so won't be making a habit of this laptop screen as finding it a bit tiring just yet.
Kenny67, ta for the keyboard zoom tip. Very handy.
Troajan, lost yer bet! It was my right eye!
More hospital visits an need of a wee tweak expected, but I'll be popping in from time to time.
The doc, seems to have sparked a bit of interest. Here's hoping for more progress by month end and an episode 4 filming soon.
Regards to all here, R.

Good morning all on a cloudy day,...............a bit like my eyesight these days! Hence I'm off to the hospital tomorrow for an eye operation in a bid to halt it's gradual decline due to glaucoma. I had the other eye done some years ago and the experience meant that I was unable to read a computer screen for a time. Hence I must bid you all farewell for a while, but I hope to be back and who knows, a few of us may yet meet up at Cononish if I can find my way there. LoL!

I have always posted that this very prospective project deserves to succeed an my view is unchanged, so come on Scotgold!
Regards, good luck and stay safe to all here, R.

Hi Baz.
Did you get out of MD??? I just had to ask, LoL!

"Cononish primary"??? Surely a 'college' with our long experience and never nearer to (phase 1) graduation!
In one of the earliest 'comprehensives' for those of us short of one or two O-levels, we were allowed to start A-levels while re-sitting an O-level. We were not considered to be in the 6th form, but consigned to the '6th removed' for a year and told by our Headmaster that we "...should be grateful and consider ourselves less than the dust!" He was a b......d!
Now I'm into gold dust and hopefully we are soon into much more.
GLA, R.

"The clever kids have gone off to the new academy on Loch Tay." They must be 1st year secondary with 10 years to graduation!

Hi Eck, GG and Linviews.
At the end of the day, our SP is driven by expectations (a bit thin this year!) and speculation. In 2016 when we were about to start the BTP, we broke £1 (eq) and when we were about to start production approaching 2020 St Andrew's Day, it was over £1.50. If we progress production and hit phase 1 target, it could be over £1 again and what when we are cash positive?
Anyone got any bottles of TG left?
GLA, R.

Baz, in RNS.
"Mining in the latter part of June was accessing ore which peaked at 40 grammes per tonne. Mining in this general zone will continue for 2 months and expected to achieve a blended grade average above 10 grammes per tonne."
Hence your assertion, "if the 40gms/tonne ore sweetened the throughput to 10 gms/tonne, what was lying around must have been rubbish." is misleading. 40 g/t Au is an exceptional peak and no average grade for the latter part of June was given. The 'rubbish' will have been continued development work on, partly off or wholly off vein and hence of low (1 to 10G/T Au?)grade. The mining in the next 2 months is anticipated will be above !0 g/t Au, which is in line with expected average grade for the mine of 11.1 g/t Au and could be rather higher, but may(?) still be diluted/"blended"(?) by development work.
Problems actioned and progress made. Roll on 1st August!
Regards, R.

As ever , two steps forward (the mine) and one back (processing). The ore stockpile has grown and the Au grades are great (unlike anything from ALBA or ERIS!). An up-front RNS pulling no punches that previously, planned maintenance and spares ordering have been poor. The former is said to be fixed and the latter being addressed by a declared risk analysis approach. I have always thought that Cononish was a highly prospective project from a geological view and the expected grades being mined will be the proof of the pudding. If PD's risk analysis can deliver the concentrate and dore, the cash generation will transform Scotgold. Success has never been nearer.
HAND all, R.

Scotgold; the joys of missed deadlines! Tomorrow may be a better day, R.