Member Info for steve58

Very strange sp still showing at .044 on google.

I would have expected some movement by now.

Even at a very low .4g a ton we are looking at about $1800 Aus for an ounce of gold about £900.

Of course the higher the gold.content the more profit.

Looking good for today’s sp.

I think the average grades of .4g to . 8g are very conservative looking at the list of samples found so far.

I think tomorrow is getting even better and first results in a couple of weeks.

Looking good for tomorrow.

Mc just over £6 million.

Not for much longer.

The Ore will be mined and processed.

The gold will be recovered and sold.

Costs of extraction and processing will be deducted and then profit shared as agreed.

They would only take costs as they occur so should be continuous profit stream.

If it wasn’t deemed commercial we would not be at the stage we are now.

We should assume that with the grade control drilling rig being used that is primarily to obtain higher grade ore and to ignore the lower grades. Overall the average grades should increase quite substantially.

Agreed, but some of the samples achieved are much higher.

It will be interesting to see the grades found in the upcoming drilling which should be starting very soon.

Some samples taken have shown gold in excess of 10g per ton of ore. Very impressive.

The mine is open cast so once they know where to extract the highest grade ore production and revenue will only be months away.

No underground mine and years of construction required here.

Ore extracted loaded onto lorries to process into gold. Sounds like a very straightforward business plan to me.

If they divest some investments at the right price this should rerate.

News due soon on gold mine in Australia.

This has a mc of £50 million plus on it and in a relatively short timeframe imo.

Just listened a very knowledgeable woman.

Seems shareholders are being told everything possible.

Divestment of one or more multimillion pound projects seem high on the agenda and very soon.

Seems they are on the runway.

Not sure what the expected annual gold production will be.

Say 100000 ozs at £1500 profit an ounce.

10% to us so 10000 x £1500 = £15 million pounds a year.

Just an estimate but still x 2.5 current mc.

Interesting months ahead.

Mid cap companies mainly showing valuations between £1 billion to £5 billion. So 6p to 30p.

Makes that 11p forecast look reasonable.

Wouldn't be surprised if we offload some of our stake to free up cash for our other projects.

Drilling rig may be early if conditions favourable then nothing to stop commencement of Drilling.

First results should follow within a relatively short time.

Totally agree.

Mustn’t forget there other projects some of which are at an advanced stage of development.

Not sure how much our share of potential gold reserves in place is worth but the current slide in the sp is totally unjustified imo.

Does defy logic.

I cannot think of one negative regarding this share.

Then again the FTSE does the complete opposite

Expecting newsflow to quicken here.

Good weekend all.

About x40 current sp.