Member Info for sercher70

2016 will see this target reached!- Roll on the next 20 years. I have a chance I find i am only nearly 3 years older than the prof. So we might make it one day! 1996 FIRST EXPLORATION LICENCES ACQUIRED 1997 GOLD CONFIRMED AT CLONTIBRET IN COUNTY MONAGHAN USING MODERN DRILLING TECHNIQUES 2000 GLENISH GOLD TARGET IN COUNTY MONAGHAN OUTLINED 2001 GOLD FIRST DISCOVERED IN COUNTY ARMAGH BY THE COMPANY 2001 THIRTY MILE GOLD TREND INDICATED BY GOLD DISCOVERY AT SLIEVE GLAH IN COUNTY CAVAN 2004 SRK REPORT INDICATES POTENTIAL TO FIND SEVERAL SIMILAR OR BIGGER DEPOSITS THAN CLONTIBRET WITHIN THE THIRTY MILE GOLD TREND 2006 AIRBORNE GEOPHYSICAL SURVEY COMPLETED OVER LICENCE AREA 2008 ONE MILLION OUNCE JORC COMPLIANT RESOURCE ESTIMATED ON 20% OF THE CLONTIBRET GOLD TARGET 2009 DISCOVERY OF CLAY LAKE GOLD TARGET – GEOLOGY SUGGESTS WORLD CLASS POTENTIAL 2009 POTENTIAL FOR 15-20M OUNCES OF GOLD WITHIN THE THIRTY MILE GOLD TREND SUGGESTED BY IN-HOUSE CONCEPTUAL STUDIES 2010 GOLDER ASSOCIATES COMMENCE ENVIRONMENTAL STUDIES 2011 POSITIVE RESULTS BOTH FINANCIAL AND TECHNICAL OF SCOPING STUDIES BY INDEPENDENT INTERNATIONAL CONSULTANTS TETRA TECH 2012 SERIES OF GOLD TARGETS DISCOVERED AT SLIEVE GLAH 2012 GOLD FIELDS COMMENCE METALLURGICAL TEST WORK ON CLONTIBRET CORE SAMPLES And so on to 2016

See the spreads had narrowed now and the Ask dropped after being at .7 for soooooooo long. Surprised they held it at that height for so long. I think in the long distant past I mentioned I did not think there would be any real movement until at least 2018...... maybe It has dragged on for so long,the mould has grown over my token shares in the tin box on top of the wardrobe. If this ever does go into any worthwhile production will have to saw the lid off of the rusty tin!!!I I sold all before I lost all the money, then just bought in a few while they were at a near ground level. It is now a toss up whether the Prof outlives me. ( latest pictures of him he looks in better health than me ) so I guess any fruits will be gathered in by my kids just before they get their pension.

Have you read the 2014 annual report and financial statement to 31 MAY 2014? I wonder what they have spent the 750,000 money on they raised? only 9 employees and does that include Karelian Diamond set up in Finland? Aso look at the required money to get the plant moving and that required for running costs? I wonder when they will give results of an EIS that needs to be put forward. Hey, Hoe! and watch the cash go. By the way Goheavy have you got anything in thing in this or did you have some and grabbed it out quickly?? cant remember all your posts as have been to bed recently and the old brain bank tends to loose some content LOL!

Am in agreement with you. After being employed for well over a year there surely must be something to report???? No news is not good news! IMHO

The Prof has put out glowing info on the area therefore I would have thought that those who are pushing on in other parts of the country would have at least had a nose around to "scope out" the probabilities for an investment. However a BFS will need to be well above par in the current economic climate and the gold lows. There is a loooooooong way to go yet I would venture.

last info mentioned was Feasibility Study. Just as a matter of interest this does not automatically lead to production and I doubt anyone would be interested in a JV until all the nuts and bolts have been well and truly sorted and looked looked at in depth. Have a browse through the complexity of what it entails. https://www.caseyresearch.com/resource-dictionary/definition/feasibility-study-bankable-feasibility-study

Given the history of time scale to date this must be about the grandaddy of them all. I was a young man when this CGBNR came up now I am a Grandad LOL. Guess Go Heavy has the time scale logged in his head or maybe Buzz Light Years quote in Toy Story " To infinity and beyond!"

For me it has now got to the stage of who is likely to ever see any real move here Me or the Prof!

I do believe that holes are being dug between the holes till they are eventually are all joined up. Then they will hire a giant Terex bucket shovel and dig it all up in one long line LOL. Can't put a time scale on it though.

Having read your link the gold price today is not too far off that which is mentioned at $970 and I think we are about $30 or so above that now with the probability of gold shakes going on will soon go Sub$1000 IMHO

With gold prices on the descent I can't see cgnr in any hurry to get to that point as yet. FS jogging along at a snails pace

I cannot see any real move until plant construction has been designed and costed then there would need to be an EIS. IF the EIS study is approved . I guess there will need to be a proving of the plant viability( pilot plant??) for DFS and only then do I see any viable interest from outside.

For anyone who hasn't read up basic on mining. Apologies to all au fait holders. http://goldinvestingnews.com/16967/the-life-cycle-of-a-mine-resource-definition-and-the-feasibility-study.html

I w wonder i the prof is likely to do boring in this area with a view to link with intended Clontibret as possible feeders to the intended production site. It would make some sense possibly where a FS is concerned and also a blanket cover of the whole area for an EIS . It also appears there is a possibly plans a hugh scoping program It could be a belt and braces plan so as not to have the problems Galantas faced. Questions, questions ,questions?

With all the further metallurgy tests and the distant future EIS can't see much happening the way of a decent rise till about 2018 based on progress to date

BMR- managed to get in a a real low, could have done a sell at about 2.2 but have been here for a 5 years now. Many ups and downs. Suggest you look at all history if you fancy a punt. I have sold a few of my holding over time and increase my holding in here. PCI money gave me the lowest in price also helped me avge down original stake. I suggest you really look way back and take notice of several long term investors. As always DYOR! Good Luck

Just popped it to see how things are. Agree with your comments. After consolidation was at £2.50 so PCI would need to get into production at Ain T at least or a bit hit in Kurdy to get a good enough rise for me to catch up. Could not afford to buy more to avge down so bailed out with a 40% loss. New investment has now almost given me 100% recovery and room to go well into profit. What a sigh of relief LOL GLA you holders

Yep bailed out also with some loss but hope salvaged money will in new investment soon cover loses and also be a bit of profit

Have held since 5.9p days 2009 with world class gas find expected some positive action within year of confirmation but date given as 2017/18? But no, capped it off and left it. Could have been source of income instead we has a consolidation which since then has never recovered. Have decided enough is enough and now sold today meagre residue of my holdings and put in active company due to produce Lead/Zinc/Copper. GLA

21.06% holding!