Member Info for steve58

I'm sure our board are weighing up all their options.

We are of course supposed to be a power company.

A big offer for our share could easily be accepted.

Shareholders would of course expect a special dividend out of any proceeds.

Based on 200k ozs a year our share 18k ozs and a profit est of £2k an ozs that equates to over £30 million a year profit to us.

So a potential sale price in the hundreds of millions is possible.

Normally get at least a weeks notice of any forthcoming meetings.

So nothing at the moment.

If I get an e mail confirmation I will report.

I am a member here.

Not received confirmation yet as to any meeting.

Hopefully so will you.

They just need the licence and mining should commence very quickly indeed.

We have the advantage in that we don’t have to construct an underground mine and wait a couple of years for any income.

Of course the higher the grades the higher the total gold in place.

Could we be looking at 10 million ozs plus.

At £2000/oz profit

900,000 ozs being our share.

£1.8 billion to us over the life of the mine.

All my own estimates could be more or less depending on the gold price

and extraction and processing costs.

IMO £2000 oz profit is an under estimate given the higher grades in place.

Hoping for a blue day today.

It seems a long time since the company issued any non Northern Zone news.

The q and a sessions have ceased.

I assume our ceo is still around.

It could of course be that she has been busy with other projects that require her attention and are slowly coming to fruition in the background.

It seems a long time since the company issued any non Northern Zone news.

The q and a sessions have ceased.

I assume our ceo is still around.

It could of course be that she has been busy with other projects that require her attention and are slowly coming to fruition in the background.

Probably solar powered.

Plenty of sunshine in Australia.

Definitely AI generated.

Mustn't forget the insignificant northern zone project.

Have to agree with your comments.

Other than the northern gold investment virtually nothing on any other project in almost a year.

Has the ceo left the country?

I’m sure it said January 2026 but thanks for update.

Mega is doing the delivering.

This was about two months ago.

Seems that once licence approval news drops they are basically ready to start extraction of ore and income.

Gold price lower although on the gold in place and to be uprated it won't make much of a difference.

We must remember that the gold price is still $500 higher than it was six months ago.

Imo this will fly on licence approval.

It is a pity we haven't had any non gold mine news here for ages.

Looking good imo.

Whatever the gold price or costs involved our share is still 9% albeit a bit lower.

If the licence drops everything is in place so could be less than that.

Just obsessed.

DL is not digging the ore with a shovel.

Anyone can see that MEGA are doing everything for their 50% of the profits.

Gold price may have fallen bit still huge profits to be made.