Member Info for schlemiel

I'm not interested in Lenigas. I also know of his dubious reputation as he moves from one penny stock company to another. He's been doing this for years but If Forrest and Day see value in any assets under his control then I'm sure they'll deal with him.

The hungry plant is crying out for third party ore sources to stuff in its gullet, which could be fed through third party supply deals or M&A. Unlike the sprawling Newmont with its labyrinthine corporate structure, Greatland is a simple, single asset operator – it’s got impetus and the focus to invest on developing resources to optimise the tired mine’s long term future.

That’s great for nearby explorers like Rincon, also in close range to Rio Tinto and Sumitomo’s 8Moz Winu discovery elsewhere in the Pilbara’s Paterson Province.

“Now that the summer period and wet season are coming to an end in the Pilbara, Rincon is gearing up to complete some very significant work on our gold deposits just to the south of Telfer at our +200km2 Telfer South project,” Lenigas said.

“The company is aiming to release its maiden gold numbers for its Hasties gold projects. The fact that the Telfer Gold Mine lives on through Greatland Gold’s successful purchase from Newmont, makes Rincon’s Telfer projects very exciting in this rising gold price environment.

“Once this resource and target work is completed and published, we should be in a position to decide next steps for Telfer.”

RCR is also planning to begin work in the future on an MRE and exploration target at the Pokali copper project in the West Arunta.

https://stockhead.com.au/resources/resources-top-5-gold-eclipses-us2900-oz-as-askari-perks-up-on-burracoppin-resource-boost/

David Lenigas-chaired Rincon has previously caught the eye for its ground holding in the West Arunta region, where a major niobium and rare earths discovery by WA1 Resources (ASX:WA1) inspired a land rush a couple years ago.

But as gold prices eclipse US$2900/oz and investors train their eyes on opportunities to make the kind of outsized gains only small caps deliver in the precious metals space its activities near the Telfer gold mine are pulling in the punters.

Up 70% YTD, the junior holds two deposits south of the massive Telfer gold mine – Hasties Main and Hasties Southeast – where a maiden JORC 2012 resource estimate is due by the end of February. An exploration target is going to be compiled for the two Hasties deposits, along with the Frenchman’s and Kurilli Hill prospects, as an added bonus.

There’s just about no better place to be. Greatland Gold just took over the Telfer gold mine – vintage around 50 years old – from Newmont in a US$475m deal.

It owns the high grade Havieron underground deposit, the future lynchpin of the operation.

But at under 3Mtpa and 258,000ozpa of gold on current studies, it’s got Buckley’s chance of filling the project’s 20Mtpa milling capacity.

cont.

Https://kingworldnews.com/is-the-world-about-to-witness-a-shocking-gold-revaluation/

Read this to get a proper insight into what Trump might do with US currency.

''What I’ve been pondering is whether President Trump will return the US to constitutional money, which is gold and silver''

Culpepper

Mate, you're not Andrew Forrest nor are you Shaun Day. I doubt Forrest backs losers.

It's called profit taking, nowt wrong with that.

Someone's soaking up the sellers. Well, that's how it appears to me.

Https://x.com/Samso_Insights/status/1889079398906863831

500k at 9.50p

Tks to hydrogen1 on ADVFN -

'At present reported Mill RUN rates, we are producing 1250oz per day (or 37500 ounces of gold per month). Currently that's $4629 AUD per oz or A$173 million AUD per month. = $110m USD per month. Cash in the door.

BUT the really interesting part is that the mill wasn't running full chat. Nope far from it.

SD let slip in the conference call that he plans next to run the mill 'over nameplate' this quarter. Now Telfer's records show the best performance ever was 24mt PA . SO let's assume thats SD's test target (albeit it could be even higher Telfer is after all A Monster ).

24MT PA is = 67kt per day. or 2Mt per month.

The first shortened December month "Dual train processing operations resumed on the first day of Completion, 1,466kt of ore processed from 4 December to 31 December 2024".

Thats 54kt per day. Now, in my book 54KT P/D to 67Kt P/D is a WHOPPING 24% jump in processing volume.

This directly equates to a 24% increased ESTIMATES (and it could be even more..... Assuming grades hold up... )

There is VERY strong argument we MAY BE SEEING some $136M USD per month coming in.

Unbelievable. THATS £UKP108M PER MONTH.'

1.3m aggregate buy at around 9.45p..stonking

come on, let's have a sprint to 10p

Https://x.com/zerohedge/status/1888937240459350353

It wouldn't surprise me if this hits 10p eod or even before

A rush to physical gold is starting, bidding up the price

#Gold has surged over $2,900/oz this morning on massive physical gold #bullion demand

CME data - see chart below from GoldChartsRUS - shows massive physical $gold demand and large institutional players, likely including central banks, are taking delivery of physical #goldbars at #goldfutures expiration.

Around 6,000,000 ounces or 190 metric tonnes has been taken delivery of in the first 6 trading days of February which is equivalent to about $17 billion dollars worth of gold.

This may be the largest volume of gold deliveries for gold ever and it is the largest since GoldChartsRUS started recording the data and creating the chart in 2011.

The spike in gold demand in recent days has surpassed the spike seen on a monthly basis at the height of the panic at the start of the lockdowns.

Time to get physical folks ... coins & bars in your possession, in your safety deposit box or in a vault - ensure it is fully allocated and fully segregated and with your name on it.

Avoid paper gold and digital gold and #ETFs which have massive counter party risk to large custodian banks and will likely be "confiscated" in the coming systemic crisis

https://x.com/MarkTOByrne/status/1888913388811764009

Https://x.com/hinds_stuart/status/1888895671874224617

'Or is there something coming?'. Yes, most of the people on this thread.

9.25 to sell

V2019

Last post in April last year. That's patience. How the hell did you not fall into insanity? congrats

250k at 9p