Member Info for SEA7

1 speeding ticket!

and one exercising options - nil cost - watch out for any trade of 310,939 shares - that will tell us if the employee has flipped them or not.

assuming they do achieve the 35k ounce per annum production, it will take 8 years to get to the 277k ounces.

whilst the overall costs have been attributed to the life of the project, I am just applying them to the 277k ounces as a low case scenario.

if we take the profit of $167m on those 277k ounces and then apply a discount rate of 6% over 8 years, this translates into a NPV of 13p per share today.

Allowing for the fact that it is a 50/50 jv - we then have an NPV of 6.5p per share today.

any one else have a different view?

We should remember that there are already 277,000 ounces in the measured and indicated categories.

this means that they have a reasonable to high degree of confidence in the economic extraction of these ounces and those in the measured category, have undergone further sampling by a competent person (defined by the norms of the mining code- such as a geologist) to declare them an acceptable estimate at a high degree of confidence.

so, based on the above 277,000 ounces, with all in costs of $920 an ounce, against the current gold price of $1900, leaves just shy of $1000 an ounce profit. Allowing for $110m in costs across the life of the project, we end up with about $167m or £127m in profit after processing just these 277,000 ounces.

With 324m shares in issue, this should mean that the value held in those measured/indicated ounces is 39p per share.

There are still over 1 million ounces in the inferred category, then we should also think about further opportunities on site.

They are likely to need to be in a position to demonstrate to investors, that the level of confidence in the gold contained, is higher, by upgrading a decent portion to the proved and probable reserves categories. As this is an above ground asset, it should be far easier to quantify, than any underground assets

good chance !

buy prices have moved up to 2.329 from 2.29

they are over at empire running that up on no news - went from 3.2p to 4p yesterday and to 4.5 today

yep - market happy to take in size - bodes well

steady buys at 2.29 - i am quoted at that price to buy also.

in this game - someone is always in the know and on the make - I expect nothing less!!

between 13.54 and 14.00 today, there were four trades totalling 1.9m shares bought - likely someone putting through one trade in four separate chunks. All definitely buys, based on the fact that the trade prices increased as each order was going through.

well done Mrnaddy - I see that trade pushed up the prices.

followed by another 458k share trade at a slightly higher price

nice 500k share buy went through - positions being taken.

with such a wide gap between stock price and NAV, there should either be further buybacks or just buyers taking advantage of the discrepancy - it makes sense

with such a wide gap between stock price and NAV, there should either be further buybacks - it makes sense.

The annual global supply deficit is still projected to average a total of 23 million pounds through 2022, or roughly 13% of global uranium demand, according to Wowkodaw.

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/uranium-market-should-remain-in-deficit-despite-cigar-lake-restart-analysts-say-59982367#:~:text=%22We%20have%20a%20deficit%20in,this%20year%20and%20next%20year.%22&text=The%20annual%20global%20supply%20deficit,uranium%20demand%2C%20according%20to%20Wowkodaw.

that gap should close a bit at least!

https://www.polity.org.za/print-version/blyvoor-to-begin-producing-gold-again-from-q4-skeat-2019-06-27

A key part of the new mining method is to make use of a major 120% charge to electronically blast waste burden into the stope as backfill, and three second later carry out a second blast that leaves a high-grade stockpile in the area cleared by the first blast.

The grade is put at what Blyvoor Gold executives describe as a "very conservative" 25 g/t. They calculate mining cost at 4 g/t and overheads of 1 g/t, to yield a very healthy margin of 20 g/t.

https://za.linkedin.com/in/alan-smith-90187793

Blyvoor Gold (Pty) Ltd has purchased No. 5 Shaft, six tailings storage dams and the Blyvooruitzicht mining right from Blyvooruitzicht Gold Mine Limited (in provisional liquidation) and has advanced into the funding phase for the reopening of the mine (195 mt underground SAMREC/JORC resource containing 28.8 m oz) and the tailings retreatment operation (140 mt of tailings containing 1.3 m oz SAMREC/JORC compliant resources). Gold production in year two of production exceeds 100,000 oz pa and with planned increases to both the tailings and underground operations will increase to around 200,000 oz pa. All in sustainable cash costs (AISC) of $650/oz are anticipated which will place Blyvoor Gold as one of the lowest cost gold producers globally.

https://sahris.sahra.org.za/sites/default/files/additionaldocs/11_BVG4880_Appendix10_cHIA_0.pdf

extract from above document dated 2018

The Surface Reclamation Metallurgical Plant is located to the east of the former Blyvooruitzicht Golf Club. This plant will require major reconstruction to be operational again. The water pipeline servitude which runs from the plant to both Blyvoor TSFS No. 7 and No. 6 will need to be reconstructed due to being vandalised. The previously existing gold plant will be returned to operation and will be used to process the reclaimed tailings. The reclaimed tailings do not require a milling process. The plant process for the retreatment of tailings consists of thickening and leaching of slurry, gold adsorption by a pump cell, carbon treatment, gold recovery (elution/smelting) and finally, residue disposal. The tailings after retreatment at the plant will be disposed on Blyvoor TSF No. 6 initially and thereafter onto the area vacated by the reclamation of either Blyvoor TSF No. 4& 5 or Blyvoor TSF No. 7.