Member Info for steve58

Very disappointing.

Saving the rerate for next year.

Of course they could just pay them in gold.

Probably easier.

Cheers.

Next year should be mega excuse the pun.

We still have our other ongoing projects.

Looking forward to more news soon.

Could just be a royalty agreement.

Normally between 1 and 3% of mine output or profits.

Another piece of the jigsaw in place.

Looking better with every update.

More assay results imminent.

Tier 1 companies spend big.

We must hope that at least one of them does a deal with us.

Then the sp will rerate accordingly.

Just how much would a thar coal sale be worth to us.

1p is £100 million mc.

Of one drops could easily do 500% in a day.

When that huge contract hits.

Our £700k market value will be history.

I think they have it wrong.

10 billion shares at current sp is around £600k.

Maybe a name change could be a good idea.

Oracle resources would be more in line with current projects. Just my opinion.

With good assay results coming in and gold still going up in price I thought the sp would have reacted more positively.

Could be they should sell their stake for a good price.

Hopefully cash from profits in about 6 months time.

Just reading an article.

Seems the older style ASIC chips are in demand.

Hope for us yet.

Very interesting although as we are open cast not really relevant as mining and processing will commence from day one.

Thanks for that.

It seems that to generate sizeable income they need to sell the units themselves instead of relying on a small royalty payment on each one sold.

I would think that costs are the same per tonne of ore mined and processed.

The profit however will be based on the amount of gold in every ton of ore mined.

There will be a figure below which little or no profit is made but until the coatings

and gold recoverable figures are announced we just don’t know.

Very comprehensive update.

Maybe some light at the end of the tunnel.

They mention income being generated but not how much.

Once the gold mining starts and the profits are rolling in the current sp for both companies will be history.