Member Info for steve58

Hope they aren’t too far from the actual ones when mining commenced.

Gold about £3,700 an ounce.

Profit should be around £2,500 an ounce as open cast mining so cheaper to extract.

Say 4 million ounces over a 15 year life of the mine.

Say 250,000 mined a year.

Profit 250,000 x £2,500 = £625 million per year.

9% to us is about £56 million a year.

All my estimates.

Could be a lot more or less.

Depends on gold price extraction costs and how much gold can be extracted

on an annual basis and in total over the life of the mine.

Looks good to me anyway.

I would like to think they will be targeting annual output of 200,000 ozs a year at least.

So 18,000 ozs a year being our 9% at £2,000 ozs profit (est) would be £36 million a year.

Interesting when our current mc is only about £7 million.

Good thing we have this gold mine.

Other news and updates from our other projects seem to have dried up.

Q and A sessions also stopped.

Once the licence news and resources update are issued and mining commences shortly after.

Imo all other projects can be left on hold for a bit longer.

Sorry for the delay in replying.

It does seem to have gone very quiet.

Current and future projects have been the same for ages.

The Wyndham hotel one has gone.

I think they are concentrating more on the licensing model and gearing up for an ipo in the us.

Has now been over 12 years since they started so certainly taking their time.

Maybe they could pay shareholders in small gold ingots.

Licence in place should at least 0.1p so hopefully more than double.

We have to be grateful for the northern zone project.

Granting of the mining licence imminent.

Other projects can wait.

The company have basically given up on their own news releases and q and a sessions.

All news for almost a year now has been a copy and paste of Riversgold news updates.

Not exactly giving much h confidence to shareholders at the moment.

Probably all ready to go on 27th, however, as objections have probably been settled out of court the days proceedings were in effect cancelled.

The next date is probably the first one available where hopefully the issue of the licence will be a formality.

Maybe there are further objections.

Could be someone wants a cut of the ever increasing take.

Tried about 10 times today.

Wasn’t going to sell anyway.

At 30p plus may be tempted to sell some.

I don’t think the oil price will affect us here.

We are solely a gas producer so just the gas price.

This is now over 500% higher than the figure used in the broker report in January.

This gave a NAV of just under 12p.

Looking forward to an interesting day here.

Shouldn’t make any difference because although the share price is a thousand times higher, the number of shares we had is now divided by 1000.

Hoping for 10p plus tomorrow.

GLA

They will open at 3.9p.

The rest is up to the market.

Doubled in price since deal announced.

Fridays opening should be interesting to say the least.

NAV must be north of 20p a share.

I think the £250,000 raise was our only chance.

Only a short buying window. Nothing on my broker account so no chance to get.

Should be interesting on Friday with the soaring gas price increasing our NAV.

Not sure when you posted your calculations.

The gold price is much higher.

Riversgold should soon inform us of the probable output and profit/costs estimates in due course.

Looking very profitable imo.

Big increase in gas price means NAV about 30p.

Dealing recommences on Friday at 3.9p.

Interesting.

End of May early June imo.

Subject to obtaining the mining licence.