Member Info for safetyman

GIT, your good at maths ... so if have a million ounces of glod and it costs us $ 1000 to produce, and it sells for $1300 per ounce. By subtracting the number we first thought of we $300 and so the profit would be a million times that, what does that come to, ? Is $300 million.? Oh and that’s a side show, so what should the company be worth with over $ 3million revenue per month, does current capitalisation valuation make any sense? The universe is a strange place.

The not threaten...

Or Mr Chance the USA Business guru clearly stated there will be green shoots in the early spring followed by much growth. This is also very true for us.

NMH in conversation with others, it seems there is a favourable wind in terms of PR. Were we to be presented positively in main stream press that would be helpful, perhaps something for the future? As regards MM comments; all seems positive in moving to production, we can sell as much as we can produce. Now as for the gold there should be a RNS in April; my view on that is it would tie in nicely with production/ full commissioning of new kit, so perhaps a timed news cascade to come? Also MM said we could perhaps look at 400,000 ounces plus, longer term may prove up to 1 million ounces, but would have to wait and see. None of the lads look like they are in a mood to sell. MM very upbeat and cheerful, more than on other occasions imho. Watch the video when it comes out, to form your opinion. No show stoppers announced. Looks solid to me.

Troajan, I had clearly not communicated what I had intended. That is in essence aI am of the view the grades and revenue from given quantities improve as we move forward, then the quantity will increase tenfold fro 20 to 200 tons. Or as I like to call it a a trawler fleet of herring in high demand from hungry Vikings.

Hope you and the boy are looking forward to your increased wealth. On a couple of things; at the visit MM said that he expected $ 3m revenue per month from la Parilla on the tungsten going forward from April once we are up and running. Until full production, I would expect ( I do not know) that what we are currently producing. if it is from tailings or part tailings. may not have the high levels of tungsten. Aaron said that we could sell grades all the way down to 37% as that can be processed- hence some of the variables on current prices perhaps. It really is post April that we will see the proper numbers. A lot of what we saw going on withprocessing was about training and calibration. Although we have put crushed ore in the system there would have been a fair bit of tailings processed. Dare say shall find out more tomorrow..........and, oh, did I mention me Gloden gunners, there was a thing in the news about the largest nugget ever found.... and that was not as big as a tower block, we could break records on the gold alone.

Blimey STV: that should help not encourage green energy............. do the EU know about this? They would be outraged. The Spanish systems can be excruciating( so I am told). Getting a business set up can be problematic, so all credit to our lot on getting where we are to be fair.

When it comes to power generation. It is often the case that when you generate your own electricity it is cheaper than the grid. There are savings straight away because there are no transmission losses. One place I worked we put in two Diesel engines used in submarines; the electricity was produced cheaper than the grid in the UK. I think electricity rates in Spain are higher than here too ( my daughter says it’s expensive where she lives in Salamanca). Therefore, although I don’t have figures I would say we might have the potential to sell electicity from la Parilla as well as the tungsten, tin and tourmaline.

Warren Buffet is down several billion the last quarter so; 'events dear boy, events' (Macmillan (sic)), anything can change. mind you buffet don't do graphs. If the USA do the deal with the chinese, that's maunufacturing output from Europe up the swany. However, USA will need to tool up, where can they get tungsten from?. Calamity is very good for gold, all things glodden have much inflated prices in such days. Tungsten has electrical and heat properties that are good for solar panels and contacts etc. Could be golden days, even if not gold itself. Ke sera sera.

K3, although you post figures showing the current positive position and soon to be realised expectations, you failed to mention the very considerable gold resource. Just thought I would mention it.

I am considering forward selling my holding so that I can allow others to make shares available for others to buy in at a low price. This will not do me any good, but will demonstrate my support for Corbyn and further enable tree shakers in their aims. The ultimate outcome of a hard left regime is to redistribute wealth so that most people are really poor and very few become mega rich (although that ratio is bad at the moment, it’s much worse in the socialist paradises). As that’s the way we are going I thought I would start early.

A list of sellers/reasons might include; - them what have a profit and taking it - them that need money bad - them doing their warrants for profit - tree shaking to scare for cheap buys - placing coming ( don’t make sense to me) - coming alien invasion ( personal favourite) - news of global recession/depression - Rees Mogg is setting up a tungsten research group (trig) - MM has found loads gold but won’t tell anyone where it is (another favourite)

Oldskool, I think you give Owen Jones too much credit. Uses a so called socialist point of view to excrete venom and misrepresent truth, he could be any shade of politics, he would be vile. Dawkins however, I saw a couple of times at the RI, once in 2014 when he was talking on content of the Selfish Gene with interview and discussion. Absolutely interesting guy, I agree with lots. The thing was about genes surviving through generations, so imo working collectively being a good survival thing is in keeping with that view. Taking my theory further, there are those that prey on that part of human nature built in genetically to form political aims to further their own psychological needs i.e they are not really interested in helping others, but creating argument gets there rocks off. Not to say that there are the really genuine, doctors I have known personally have been some of the finest human beings I have met as one example.

The human society has had to have socialism of some sort at its heart, otherwise we would not have survived as a species. Communities had to gather and hunt food, long periods of childhood required someone to do looking after etc, groups of people together working for common good. Neanderthals did it, dogs, lions all do it. The feelings of empathy we get for the less fortunate are a biological imperative necessary for survival species. Without a reasonable caring society ( no NHS or housing welfare) I would have died at birth, if I had survived that then I would have died of hypothermia or starvation. Socialism is part of our make up. Unfortunately, the ‘natural’ socialism has been corrupted by politicians of all shades. One thing though, there is not anyone that did it all on there own, there will always be someone or something that cared or helped in your life. However, now Iam a capitist running dog and look forward to e big dosh profit and when I get to pay some poor person a lowly about to do e decorating.

employed as a groom to one of our big investors (hbob was the valet at the time) I can tell you them posh ones in their castles abuse us working class types. incidently on politics, I could not stand Gordon Brown, but he is lauded internationally as the man that saved the financial world. cannot see anyone with the intellect to do that now - rees Mogg, Boris, Corbyn, Keir starmer, Diane Abbot, Gove, Its like a carnival of jokes played on us why the Gods laugh.

Nmh I said very similar last night and was castigated with comments such as timescales etc. However, it might be far more valuable than we can imagine, the daily torygraph in its business bit speaks of a world wide industrial recession. Such times are golden.

Could be troajan. But excited the mind and also should be borne in mind for those considering holding longer term, this could become a very big company. Incidentally, when I watch the Alaskan gold programs, those guys just rock up with a conveyor sharing table, a tractor and some squirt hoses- they squirt, shake and dig and end up with gold. So I suppose setting up times and that can vary, depends on things. Also, someone (bhp, Rio) night get interested in a prospect and buy it. Ke sera sera.

L200, true it’s income (projected), but the larger part of it will be. It’s all a bit ball park, but if production costs are below stated $94 per mtu (from my discussions on site, due to the ore and the kit etc it could be less) then we get the very big bucks profit. Then the gold is on top, did anyone mention the copper and also MM now refers to looking at other promising assets. We are just very undervalued imho.

Mogwhy, the Gloden gunnets are near surface. Even if we said the recovery cost was high at $1200 that still leaves $100 profit X 400,000 ounces ( conservative)= $40million profit. Yes that is not the main thrust of Wres, the La Parilla project first ($3million a month) starting this year. Then there will be Tatouca, then there’s the copper. How much should this company be valued at? Far more than currently.

It’s a fag packet calculation but: there is a tower block of glod formed of golden gunners. So easy to recover. Let’s say a pound an ounce. And you can sell gold at $1300 per ounce. Then there’s a conservative estimate of 400,000 ounces. So 400,000 x 1300= $520 million, and then deduct £400,000 allowing for currency and contingency we are in $519 million ball park. That’s me conservative estimate just for the gold.