Member Info for steve58

Of course we do not know the daily processing capacity of the ore processors.

I'm sure all will be revealed very soon.

About $7 million us each.

Would pay for itself very soon.

Must be American.

Everything is bigger there.

I know they are taking 50% of the profits but are doing everything from planning mining processing and selling the gold produced.

A very good deal imo for all shareholders.

Sounds like the only thing Ourselves and Riversgold have to do is wait for the money to come in.

Looking better all the time imo.

Just need the higher grades in place.

They may have a Belaz 75710 truck at their disposal. Holds 450 tons in one load.

Let's hope they have a couple.

Mustn't get carried away but at 5g a ton and 20 trucks a day that's £3 million a day.

Not sure how long a truck takes to fill.

Even if annual output is 100000 ounces that could be a potential profit to us of about £18 million per year. That's over three times our current mc

We shall much more about potential output and costs in the next few weeks.

Knowing the extraction costs per ounce will be interesting Open cast should be cheaper.

Could be over £2000 profit for every ounce mined.

News soon re assay results.

Hopefully resources figure will increase once assay results are revealed.

Cannot believe the low sp.

Assay results to come and gold price over $4000 an ounce.

Mustn't forget the other assets.

Hopefully news soon should help the sp move in the right direction.

Imo double would be very conservative.

Remember we still have our non gold assets.

As gold increases in value should feed straight through to profit.

Say 3 million ounces that's another £150 million on the rise in todays gold price.

Extraction costs should be fairly stable so just getting more value from any gold mined.

As long as gold price stays high then imo a win win situation here.

Once revised gold reserves figure announced and amount of expected gold extracted over the life of the mine and annually is known.

Should rerate considerably.

Hoping for high grades.

The area has never been tested before so anything could happen here.

With gold over £3000 ounce the figures the potential profit for us is just getting bigger.

Big Dave certainly comes straight to the point.

Looks like some big investors could be coming in.

Gold still rising so millions more in profits for us.

Looking good here and even better once results start coming in and resources figures are updated.

Could be.

Once all results are in riversgold will be updating the resources in place.

Should make very interesting reading.

The early 2026 start in getting closer by the day.

We do not yet know what the annual gold mined would be bit could be 200000 ounces.

Ball Park $2500 us profit per ounces.

About £400 million profit.

20% less 10% to us.

£400 million x 18% = £72 million to us.

All imo of course but with gold at $4000 us an ounce the figures soon get very large indeed.

Interesting weeks and months ahead.

Open cast mining should be more profitable.

So with gold at around $4000 us an ounce.

Imo at least 50% clear profit.