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lol long story but basically I used to use a chat group years ago, cannot remember what it was called but it was when lineone internet was on the go? We started making daft usernames such as Bye_all and Im_Going_Now so when people said "Hi bye all" We would respond with "Why are you going when you have just got here?" etc! Yes childish but the chat all liked it lol so then I started using Spoon_Key which when said fast is sound like spunky lol and it stuck (Pun intended) Yes I'm that sad sometimes!
Its funny how we read over what we have typed are feel the need to correct our spelling mistakes! Most of mine are due to how fast I type and some due to being illiterate :o (So I've been told on here lol) Its all good though I new, knew what you meant.
Thanks for the replies you lot, Bamps my mentioning EUA wasn't me saying it was good or bad in anyway as that would be unfair to GPP and EUA holders it was more to point out that I got kicked all around for trying to ask a certain question etc but again thats for the EUA board.
I appreciate the time spent replying with what you did though :)
As for the Hydrogen energy topic brought up, I actually posted something just the other day ove on ADVFN regarding researchers trying to find a cheaper alternative to platinum, it will be interesting to see how things pan out (No gold pun intended)
Thanks again
Lancerman I know you said goodbye to me :( ;) but chill man, for me it looked like Mac felt threatened by you posting like you did as thats what he likes to do? Not sure why either of you dont get along but we cant all get along :) Thats not a dig at either of you btw.
I will be honest is saying that I did find it funny that greenbinners were being blamed for todays chat when it seems like the issues today seem to stem from all those that hold? Why does this board love to argue, is everyone realy that stressed out?
Just to add, this Telfer piece from Wiki is crazy:-
"The Telfer gold mine was expanded in 1991,[12] and in June 1995, the mine reserves were 118.2 tonnes (3.8 million troy ounces), with resources at 227.1 tonnes (7.3 million troy ounces). The annual production was 11.5 to 11.8 tonnes (370,000 to 380,000 troy ounces) of ore.[13] In 1997, the mine reached the milestone of having produced 155.5 tonnes (5 million troy ounces) of gold"
Then this happened!!
"In 2002, Newcrest Mining announced a new redevelopment project worth $1 billion,[14] after discovering new mineral areas and a reserve base of some 591.0 tonnes (19 million troy ounces) of gold and 640 thousand tonnes (1.4 billion pounds) of copper."
Thats nuts, it discovered more or less triple the amount originally found! If this happens at Hav then ooof!
Why Haven't I bought in yet? Smh! (I do have questions but I'm afraid to ask lol see EUA to see why!)
To all including all those who insulted me, binned me and took a dislike to me for whatever reason, just remember we are all here to do thing and thats try to make some money not make each other miserable :)
Spoon
Max £3 per share would be a rough market cap of £12billion and probably more if more dilution was to happen, I think people on here would love you to be right but I think most know this probably wont happen in that timescale, I wont say at all as who knows what else GGP could find? I hope you manage to average down and manage to get back to fair value or a make decent profit :)
Saxon I listened to a YT video a while ago and they mentioned why sometimes its better to hold a gold share than actual gold, if gold goes up by 25% then the sp of that share will more than likely go up far higher than 25%. They explained it far better than I can! It is hypnotic holding gold though, I just wish I had more than I currently do!
lol Lancer, I aint beating myself up, doing this is far better than reacting to the some of the posts on here, its tiring! Please read my Iridium part though, they sold it back in 2018 for far less than its worth? I dont understand why?
Where I find a contradiction is, people want to post figures of what they think EUA could sell for so they must have some sort of figure for WK or are they just guessing everything? I know they use MT as the main part of that figure but with literally zero reasons why other than 1.9moz this or 15moz that! We can only work with the figures we have to make an educated guess. Saying not to use 2018 figures when they are the only full season figures to work with is imo wrong as how else can we do things? Or are you saying a price cannot actually be put on WK, if so then I'd agree with that.
I'm off out jogging with my son now
Cheers
Sorry for this post but when I look at what some others post then are we all not going by old figures to try to figure things out? I could have used the latest figures of 1525oz but I would have been hung, drawn and quartered! Also I can only imagine what will be said if/when I use the interims "Why not use full season figures, why are you using figures when 3 plants are not up and running yet" Its a no win situation.
Lancer, Aspen I understand your point but as they were the only figures I could work with I used those. I know when the interim figures come out they could possibly be used but its going to take time to get 3 plants up and running so basing the figures on a full season was what I thought was best. They could produce more or less, we wont know until a full season with all 3 up and running is finished and that will probably be next year.
Anyway can any of you answer the Iridium question? I just dont get the £ it was sold for?
Cheers
................
Take it easy with me this time, I'm just trying to put some figures on what WK could produce per season assuming no issues etc, I'd rather do this or even read it from others instead of everyone just arguing or posting fantasy figures without any workings out, a.k.a Like hunters!
Anyway if you dont prefer this sort of post then do yourself a favour & STOP TRADING! If you want to sit in a bubble and block out all of the noise just so you feel safer in your investment then please go ahead but imo you're nuts if you do so in any share.
I'm not saying listen to me (DONT LISTEN TO ME) I'm just saying atleast be open to people posting figures or info that could help you, I'd prefer it all day long.
Please can anyone from either side of the fence correct where I have gone wrong and explain why so I and others interested in "Learning" Have a better understanding of WK. I know some say WK is insignificant anyway but its still nice to know what WK could provide.
I cant wait for the keyboard warriors to come out in force again but maybe just maybe they will see what I am actually trying to do now? If you call me any names please explain why what I'm doing is wrong? I have faith in you all, well those who aint binned me yet :)
MT figures? Rosgeo JV? Yea nah f**k that! For my own sanity I have zero interest in going there trying to work out figures! Yea I know crazy considering I bought in! Own up who else done this?
Cheers your everloving rampy,deramper, shor........ ah I cant be bothered typing anymore, you get my point!
P.S Sorry for the sarcastic digs, I couldn't help myself!
West Kytlim income?
165kg of platinum mined in EUA's best year in 2018 so lets use that as we know this figure has been achieved in the past.
2018 annual accounts figures used below.
Total production for 2018 season 165kg raw platinum and total mine revenue was £2.57 million.
Grams chemically pure
Platinum 112,597 = £2,294,267
Iridium 5416 = £30,101 ???????
Palladium 418 = £12,798
Rhodium 654 = £40,055
Gold 994 = 196,108
Total mine revenue £2,573,329 (**This figure is TOTAL so deductions have to come off such as only 68% ownership, overheads, mining costs etc)
Iridium sales figure makes zero sence to me as the price of iridium in 2018 was roughly £1100 per oz = £35 per gram x 5416 = £189,000? Not sure what I am not understanding about the price here?
Figures roughly adjusted to 2021 prices
Platinum 1.2 x 2018 price x 112,597 = £2,753,120
Iridium 4 x 2018 price x 5416 = £120,404 ??
Palladium 2.5 x 2018 price x 418 = £31,995
Rhodium 6.5 x 2018 price x 654 = £260,357
Gold 1.5 x 2018 price x 994 = £294,162
Total mine revenue £3,460,038 (**This figure is TOTAL so deductions have to come off such as only 68% ownership, overheads, mining costs etc)
Now there are 3 washplants so if we say all 3 plants are fully up and running and used 165kg per washplant then thats £10,380,114 total mine revenue, dont forget deductions as above.
Even with deductions if these figures are anywhere near would it not mean a decent income from WK? A few £ mill income profit per year from WK? Not sure what people want or expect tbh?
I understand no one knows how much of each mineral would be mined which is why I'm basing figures purely on what is currently proven by fact i.e 2018 annual report figures then x by 3 plants! (Basic calcs)
I personally think this figure is to high only because I'm assuming the amount of work that would have to be done to clear that much overburden and to run 3 plants at those levels but wtf do I know?
I'm sure there are a multitude of other factors I haven't included which is why my figures should NOT be used as financial advice (LOL) Yea from me ;) They are only basic calcs and will almost certainly be wrong :)
.................
dealer55 "Guys please please stop engaging these idiots they are aren’t conversing they are playing a game. They won’t ever say when this hits £1 I was wrong your were right. They will fall silent and move to the next share."
Not sure if this was aimed at me and if not then ignore but if it does include myself then you couldn't be more wrong, I defo aint playing any game, asking for facts or figures is not and should never be classed as a game, it also shouldn't be frowned upon to do so.
If EUA does sell for over £1 then I will be here congratulating all that own and made money because that is why we do what we do.