Member Info for steve58

They probably have the figures, however, completely useless to anyone until the licence is granted. Would like to think at least 200,000 ozs a year over the life of the mine est 20 years plus

That would be the profit on 18,000 ozs a year to us.

At say £2,000 ozs that's £34 million a year profit.

Could be higher or lower depending on gold price and gold content of rock mined. Extraction costs will increase due to inflation but profit should still be good.

Impairment charges are like depreciation and although affect the balance sheet they do not affect cash flow or the cash in the bank.

The monies spent on the northern zone project have been capitalised at cost in intangible assets.

This figure does not take into account the value of our 20% stake of gold in the ground or the imminent licence.

Once licence is granted and the gold output figure is known we should rerate accordingly.

Imo 1p is still achievable this year given that once the licence is in place it should be a short time before gold is being mined.

Actually a day later than last year's.

Imminent is too close to call on the licence.

Once obtained looks like mining will commence almost at once.

If profits are in the tens of millions pounds then that should be more than enough to move there other projects forward.

Of course we will hopefully see dividends in the short term.

They will have to go hungry to get mine.

.600 a ten bagger before I may sell them some.

Could see .065 close tonight.

Licence news imminent.

Could be hours away.

And no tax to pay until we have made about £12 million in profits.

A potential saving of about £3 million.

Had a look through.

Not much happening except northern zone project.

Date on chief executive report is 2025.

That’s what they pay the auditors what seems a huge sum for.

Licence imminent followed by gold production in H2.

Hope all good at your end.

Trying to keep cool.

Hope you can look at the clip.

Does at last look as if it will happen.

Hoping they have a Half a billion dollar valuation.

Quite possible imo.

That sort of valuation would return about £1,200 to shareholders for every million held.

ATB

Off subject.

See my ldp post.

May be of interest to you.

Very quiet regarding Australia

However, I just watched a recent interview with their ceo.

Seems they are going to ipo in the us next year.

Just type in NXT TEC us spin off.

Then click on the link when you scroll down to global ambitions.

The only thing we don’t know is how much they are going to value the company at.

Would like to think at least $3 us a share.

That would value our stake at about £2 million being 950,000 shares.

I would estimate a return from the proceeds of about £640 for every million shares held by shareholders.

Of course this could be much more or less.

All depends on the ipo price.

Of course many ipo shares can rise on listing so the price the liquidator gets could be a much higher figure.

At least there seems to be an ending in sight at last.

Same as the filing date for a listed plc.

Six months after the year end

So next Tuesday at the very latest.

On licence news at least .2 and on figures for gold to be extracted annually ,5.

Still only £30 million and £75 million mc respectively.

These figures are very low imo as annual profits of in excess of £30 million are possible even at the current lower gold price.

Exiting weeks if not days ahead.

They can always add it to the RNS announcing the results so not really a problem.

Results go to 31.12.2025 and quite a lot has happened regarding the Northern Zone since.

As i said in a recent post 1p is very possible.

Only £150 million mc.

If we are making £30 million a year that's only x 5 earnings.

If we are making tens of millions profit from the mine every year then a penny a share is highly possible, £150 million mc.

What's that phrase something about weekend and not being out of it.

So could be looking at a Monday morning rns.

GLA

If profits are at least x6 current mc.

Multibag potential could be nearer x20.

Any photos etc?

The larger the mining area means more gold to be extracted.

Could be in excess of 300,000 ozs a year.

That's over £50 million profit to us if we assume £2,000 oz profit.