Member Info for steve58

100000 ozs of gold mined in a year may be on the low side.

Not sure if a yearly production figure has been mentioned in a previous rns.

Even if our share of annual mined gold is 10000 ozs that would at £2000 profit per oz equate to £20 million a year.

Would easily justify a mc of £100 million imo.

Would be interesting to know the extraction and processing costs per g of gold.

I assume we also have copper and silver deposits in addition to the gold?

All adds to the bottom line.

Short term loan secured on our 20% would be the best solution.

Gets repaid from gold receipts very quickly.

Not the slightest bit concerned when we have hundreds of thousands ozs of gold with our name on it.

See my previous may be something to do with cash flow or lack of it.

Asset rich cash poor situation.

Gold price £3500 oz but selling probably due to cash getting low and concern about a possible raise soon.

Why not just borrow against the future gold income. Would soon be repaid and save a fortune on advisors fees etc.

Gold price £3500 oz and mining costs considerably lower than an underground mine.

Should be well over £2000 oz profit imo.

The previous estimate of gold in place is way too low being based on .4 to .6g per ton.

Looking through the assay results in so far the average is much higher.

10 million plus ozs looks a more probable figure imo.

Could be one written with a little help from AI.

As I said seeing is believing.

No official RNS on asx yet.

Seeing is believing.

First announcements coming through.

Just a matter of when.

Dig load crush smelt profit.

Five words that are so important here.

Should get very interesting once a revised cpr is released.

Of course if the assay results increase the overall g per ton £600 million will be a very low figure.

Could end up a £billion or more.

Of course gold could be $10000 an oz in a few years.

Anything possible here.

Imo.

If offers come along their stakes will be sold.

Both projects far too big for us to manage let alone finance.

With much higher grades it would seem that 3 to 4.5 million ozs is underestimated quite substantially.

Agreed.

When i see the sp of other gold exploration companies that wont produce for years valued in the hundreds of millions and having vast expenditure just to get the mine into production, I realise just how easy we have it here.

Looking forward to news next week.

Estimate 3 million ozs so 10% to us is 300000 ozs.

Profit of say £2000 oz.

£600 million to us over the life of the mine.

Actual figures will be given once assay results are in and revised reserves figure is calculated.

Just what figure would it take to relinquish our stake.

How much is gold in the ground now worth given the large increase in the price.