Member Info for steve58

And it will be.

Assay results so far.

Gold in ground.

Fact.

Gold at £4,000 oz is pure fact.

Let’s just wait until the actual news updates start coming in.

£1.2 billion potential profit to us.

Mc only £10 million.

Imo must be due a substantial rerate.

If 4,000,000 ozs recoverable gold in place at £4,000 oz that is £16 billion potential income.

Profit margin could be approaching £3,000 oz.

We will have the revised figures in the coming weeks.

Definitely AI generated.

Hard to believe that in just over a year our potential income from the mine has doubled at least.

Higher grades than the .4 to .6g per ton have been found.

Extraction costs should be fairly constant therefore any increase in the gold price should feed through the bottom line.

Looking good imo.

I’d rather have 10% of a money making venture which is in fact a free carry than 100% of one that would cost a fortune to bring to fruition.

More news imminent.

The revised cpa should be interesting to say the least.

Recoverable gold in place could easily double imo.

Just read their previous post.

Makes no sense imo.

They have their opinions and views on Oracle.

Unfortunately they are not mine.

Should be the final lot.

Once these results are in they should be able to do a revised cpr etc.

Mining can then commence swiftly afterwards subject to the licence approval.

Estimated gold output during life of mine say 4,000,000 ozs.

10% being our share say £2,500 oz clear profit to us.

400,000 x £2,500 = £1,000,000,000.

Life of mine say 20 years. £50,000,000 a year.

Of course all depends on the gold price and the grades.

Anything possible here could be less or could be more.

Either way makes our sp look ridiculously low.

All imo

Will generate many times that in profit over the life of the mine.

20 to 30 years.

Must be worth £100 million plus.

Just looked back at last two years quarterly reviews 15.01.2024 and 14.01.2025 so one seems imminent.

A quarterly review is due with Q and A.

The rate of current cash burn would be an interesting question to ask.

So could have £700k in the bank at the moment.

At current cash burn rate could be a couple of years until next raise would be required.

Of course cash from gold profits will be coming in long before then.

So it seems the recent drop in the sp has been overdone.

Imo gold will easily be $5000 this year.

Would be easier for Mega to buy out our share.

They would then own 20% of the project and take 60% of the profits.

Although we only have a quarter of what Riversgold have with respect to the mine we also have other projects which seem to have stalled somewhat at the moment.

We are due an update of some sort regarding these.

The quarterly updates and q and a sessions seem to have been dropped.

Hope for a blue day today.

A quarterly update from the company would be good for confidence here.

Not much news in last six months regarding other projects. Most of the rns's have just been copies of Riversgold ones.