Member Info for steve58

Surely the cost is the same whatever the grade.

It's just the amount of gold extraction is less as is the profit.

Correct me if I'm wrong.

I thought some grades above 5g ton and higher were mentioned.

Depends on how many tons of ore you get from a metre of trench.

Haven't got a clue myself.

We will rerate once licence is granted.

They are usually fairly free quick in Australia unlike some countries.

Does make me wonder if they will sell some of their stake at this point.

This would then generate cash for their other projects and save on further dilution.

It would be great to know the expected annual amount of gold to be mined.

Most mines would expect in excess of 100,000 ozs a

Should be around £1500 oz after all extraction and processing costs.

100,000 x £1,500 = £150,000,000 × 10% = £15 million.

Double our current mv.

My figures may be too high but if anything are on the conservative side.

Exiting times ahead imo.

So

Gold almost £2900 oz.

A no brainer.

Can only go one way.

It may take a few months but it will go up.

Mining to commence next year.

Seems we should be getting income from mid 2026 if not earlier.

Extract crush smelt sell.

Sounds like a very good business model for making a lot of money.

We will have a clearer picture once estimated annual production is announced.

Looking forward to more news soon.

Open cast mine.

Gold production early next year.

When you see other gold miners that have taken 10 years or more and not even built the mine yet this operation

Looks quick and efficient and will generate income and profits in months

Hoping for a better day.

When a share goes up nearly 400% in a day and their last accounts show them as technically insolvent you realise that give our gold mine deal and solvent position we have a huge rerate coming.

We may not do 400% in a day but should be many times our current mc in a relatively short space of time.

Hopefully. 10 close.

Well they won't be getting mine.

Imo double that easily.

Should eventually be in the hundreds of millions.

Could be very conservative.

Reserves could be more, gold price may increase and cost of extraction may be lower and profits higher.

Many variables here but at the end of the day big profits and that is what counts.

Just how blue will it be.

The market usually looks months if not years ahead.

Not even going to guess on what the sp could be but hopefully much more than it is now.

Rough calculation.

Say 3.5 million ozs gold is mined.

Should be at least £1500 profit per ounce.

Equates to £5.5 billion profit.

50% to Riversgold and ourselves is £2.75 billion.

20% to us is £550 million over the life of the mine.

Once mining has commenced a more accurate figure for our share of profit can be calculated although I would think it would be in the tens of millions.

All this for no expenditure.

Should be an interesting day today.

Shout be asx.

Ask,Co.au.

Announcements coming thick and fast.

Still nothing regarding riversgold.

Apparently there is a 20 minute delay between any announcement and being able to view it.

Announcements from the Australian stock exchange are from 7.30am to 7.30pm. So from 10.30pm london time onwards.

As we are closed it would make no difference as it would then be announced as a 7.00am RNS tomorrow morning.

If they could sell the gold mine assets for £500 million to a third party.

Our share £100 million we would be fully funded on our other projects for years and a special dividend to shareholders would definitely go down well.

Perhaps we could buy out there share.

That would be something.