Member Info for Sanboy

All. I think there does need to be some clarity on the RNS, but after reading a few times i believe that based on the samples taken, crushing down to 0.25mm resulted in grades of up to 140gram per tonne processed. This i believe means that some of the tonnes processed in our 12k tonne spoil heaps will give us this result... over 4 oz of gold. On the flip side some tonne will be significantly lower below, 1gt perhaps. I think that we underestimated how much gold was left from the heaps that could be ground out. For those questioning why this quantity was left, remember this process wouldnt have been used and so small bits of gold on rock wouldn't have been extracted. If we get revenue generating once the plant is run, then i fully intend to request that this revenue be used to cover 2022 drilling programme and overheads... we should not be placing unless more money is needed for the plant, which I assume some of that 1million will go to. This is transformational, but remember the drilling. We now have our own mobile small rig that can drill what we want (Permit in place). I would advise that Brian drill the hell out of M4 to try and hit that sulphide zone which must sit very near to that Breccia zone hit during 2018 diamond drilling. As I have said for a while, this is a hidden Gem of a share

San

Either way if you take an average of say 20- 30gt across the heaps then its many millions more than we all thought

San

Apro i was waiting for you to comment :) Remember we were discussing tailings of 2-3 million in the coffers, but i calculated this like you did. I have to keep running it on my calculator.... Only thing i thought was whether processed tonne was reduced from 4 tonne, so ground down first... But it says gram per tonne. Its crazy figures

San

Somebody more intelligent correct me on this if we were to hit those figures across 12k tonnes then are we saying $250m dollars...I think there may be something around processed tonne?

San

Now that's a nice RNS...up to 140 grams of gold and 22,000 grams of silver from processes tonne. Now that's a surprise from the tailings. Revenue generating soon and drilling started on copper and precious metals....

San

So noddy question, if the options expire at 16:00, are we expecting a spike over the weekend as sell options are closed and buying kicks off based on low price post expiry?

San

Unless you wear Crazy jumpers and no shoes while talking to friends and family, then i understand why they may think you are bonkers :) Agreed i do the same and family dont get it.

San

Might be right. Options expire today so should see a spike this weekend. FOMO

Sam

Why would anybody want to sell before monthly figures are provided, the move up after options and NASDAQ on the horizon.

Switch off day, after buying a shed load more

San

They are going back and drilling across the Breccia that they discovered 100m down on M4. They hit CU grades of up to 0.75% on the diamond drilling done previously. Long Strike range and open. I would say that there is definitely something down there. As for the Gold drilling, legacy sampling has brought back significant gt at low depth. The only uncertainty is RH which hasnt been drilled before

San

What would possess an explorer to go it alone when they have JV offers. A JV not only provides funding as a benefit, but also experience. Hopefully it pays off, but its a completely different beast moving to mining

San

NT to buy as usual

San

Posted this a few weeks back

So cant say im a pro at all this, but have been invested in AIM stock long enough to know that specific news will move this and some wont. The demand will not increase on a share if you tell somebody that in over a months time we start drilling. The demand will start to move when you tell somebody that drilling has started, as that means that over a 6 week period after said drilling, the results will provide greater detail on the asset potential (Higher valuation of that license). What tends to happen is that on news of drilling the share price spikes as investors start to dip in, the share price then will retrace slightly before gradually starting to move up around 2 weeks prior to news due (Usually a 6 week drill, results , report cycle). On news it drops (Sell on news) and then a gradual rise again until next set of drilling or other positive news. This has happened on every mining share I have been in, but strangely I have never taken advantage as i like to hold stock like GWMO, GGP, OMI for their future potential etc. I think I have this mind set because of how successful holding GGP has been for me. In my honest opinion on commencement of drilling we should be at 10-15million mcap and on results potentially 25million+. I expect to see a slight rise throughout March and then more so in April before first results in May early June some time. Its not a sexy share, but I like the company, I like the projects and i like the honesty in RNS.

San

You have only got to look at PREM. The MCAP on PREM is now 49m and its 7 here. We have money in the bank, we are drilling soon, have a copper JORC already and completed first pour from 4tn of tailings. The warrants give us a further 800k, which will hopefully sold into news and a rising share price. Nico spot on, this is a patience share, but not long till April. Should be 15m mcap by drilling start and 25-30m on or close to news. If the copper hits at 0.50% CU + on M4 and Good G/T on Olympic then this will be closer to 40m mcap. Imagine we will see a retrace on the journey but they are my targets by end of year 0.75 - 1p SP without JV news

All my Opinion obviously and DYOR

San

I think people are getting too caught up in the dore bar. The tailings are tiny and helps to top up the funds, but that really is it. The big thing here is the drilling programme and that Copper at M4...if that hits then this will be significant

San

£1 a share is £3.8Billion MCAP. I like the optimism but not unless we hit some big finds at Scally and Juri, and there is a resource update above 20moz. Even then I doubt it will hit that. We are only at prefeasibility by end of the year. 2 years i reckon we are good with a £ share

San

Because of the dilution. There will be an increase in shares meaning that Bitcoin at 54k now is worse than Bitcoin at 54k last week with less shares. Supply / demand, company valuation, all that Jazz. However its temporary as once that fund raise is accounted for and assessed against potential assett valuation increase (In this instance Pluto investment and Texas building) then it will rise to reflect that. At the moment more shares soon to be in circulation at a discount rate means each share that investors have is of less value in the short term.

San

The US didnt drop on that news

San

Yup missed that RC...Cheers

San

Didnt / dont a lot of tech companies in the US have a PE of 100?

San