Member Info for Strider4

Aguila, those numbers were first used in a CNR presentation several years ago, so they aren't up-to-date. We'll have to agree to differ on the permits. This BB may well be "obsessed" with them, but rightly so. No permits = no mine. It has been the undoing of many a miner. Here it's more a question of how long will it take than will it happen, but still it is clearly something the market wants certainty on and that is absolutely fair enough.

Agreed, once settled on the TSX in a few months' time, there's the potential to at least come in line with the lower bracket at $35/oz (assuming no further progress in the interim on the biggie - permitting).

Aguila, those numebrs are a couple of years old now aren't they? Be interesting to see what they are now. Three caveats: 1) There is one very large and obvious anomaly in there: S2 Resources at $471/oz! Hugely over-valued if true. 2) I know a bit about Dalradian and it's had some excelent share price growth in recent years. May be due a tumble. I gues the same may be true of Continental. 3) The sample size is only 9! Not statistically valid by anyone's metric. No, if you average those numbers without the $471 you get: $67/oz And then reduce Dalradian and Continetal to say $90 each you get: $61/oz. That's still a fair whack above where Condor is now, but more realistic I think. Also, note there are a couple sitting on the $35 mark. Are these companies most similar to Condor or is Condor similar to Dalradian (both in terms of resource size/quality but also how far progressed they are towards production). I would expect Condor has more in common with the $35 companies than Dalradian.

Ok I see. The RNS is phrased that way: long term investor. Be interesting to watch how it plays out.

Isn't that basically going to put the brakes on the share price rising much above 50p for a very long time? Unless of course there is confidence that SGRF aren't interested in quick 10-20% gains on their loans...hmm, they would be an unusual lender indeed.

Agreed Wondergoals that it was conjecture about needing a second quarterly report - not unrealistic though. Why be woolly about exactly what needs to be done if it is straight-forward and quick? The answer is obvious - it's going to take time. As for suggesting that permitting is going to get done by year end 7and28day, that is wishful thinking in the extreme. They haven't even arranged the PC yet. Shareholders would have to be ecstatic if the PC was announced before year end. Then it would have to be completed next year, the results analysed, objections addressed, ya di ya. These things take time, as we've seen.

Wondergoals, let's not exaggerate - the window of opportunity is not short. There is a fair bit of paperwork to be completed yet - the RNS is suitably wooly in this regard - usually indicates that they don't want you to know exactly what's involved. They may well need at least another quarterly report for example. Then after everything has been satisfied (a couple of months down the line), they will set a date for formal admission which will be another 4 or so weeks I would imagine. TSX should be positive, but then look at what happened to SOLG!

Babbler - truly showing that you know absolutely zero about this company with that comment! I know, just testing the waters to catch your next pump and dump - see you've found it in CASP today.

Agree with most of what you wrote there, but for two points: 1) "The main prize is TSX or TSXV listing, see what it did for Mariana Resources before it was taken over this year. Sol Gold got a secondary listing on the TSX in June 2017." Yes, it may have helped Mariana Resources, but Solg's share price has gone down since its secondary listing. I don't think it's a given that it will rise, especially given point 2 below. 2) "they don't really matter that much, there are other valuation triggers." That is pure fallacy. The permits matter a great deal. Without them this thing can be held up for years and years (it's already 2 and counting). With them the project is materially derisked as Wondergoals says, but without them there are two factors that seriously affect sentiment and therefore share price: a) uncertainty over timelines (just how long will this take) - opportunity cost - could one's money be better placed elsewhere in the interim? b) uncertainty that they will actually be granted (yes although most believe they will be, myself included, there is still a small probability that they won't).

Certainly don't Elgordo - it's at the point in the life cycle where share price rise should be most rapid (last few months before first pour). It is a majot achievement to get it done on time and well under budget, so I think there is plenty more to come there yet.

Nero, is he? Thought he'd moved entirely over to HUM. Maybe he's kept some residual here? Yes, I'm over there and very bullish on it. Management has played an absolute blinder - on track for first gold pour this year and way under budget...it will become a mid-tier gold producer I have no doubt. Check out some of the recent video interviews if you have any doubts. Darola over on HUM posted a good gold chart which you Condorians will also like: "Everything points gold going on a bull run https://twitter.com/darola841662/status/921764333712965633"

Nice article there Nero - one of the clearest I've seen on the topic. I think CNR are definitely closer to stage 3 than 1 now, but even with the environmental permits out of the way there is still the BFS and debt financing to sort. And while I don't think that will be a problem, given the quality of the project, MC's financial background and the likes of JM, what's his name and the IMF on board, it will still take time - think 6 months minimum for the debt funding following a year to complete the BFS. From where things stand I think you'd have to be pretty happy if fully funded debt-financed construction had started two years from now (Q4 2019) with first gold pour say mid 2021. The wildcard is being taken over, but that has been touted for years on here ( I remember Jibbo going on about it even as far back as 2011!), and anyone who is banking on that happening is playing the long shot indeed. For anyone who wants to know where Jibbo is now, he's in HUM, which is due its first gold pour (107koz gold/yr at AISC $700) in less than 2 months from now! Check out where that is on the life cycle curve...

in today. Doubtless this is going to deliver some interesting numbers in the interims. Wouldn't be surprised if this breaks the recent high of 13p or so and moves on to test the 15p high from earlier in the year.

What's your secret longtomsilver? You seem to have bought in quantity at prices that nobody else has!

Strong interest will be returning here soon. The company remains signifcantly under-valued.

Mulder - I don't think that the advertised PE ratio is correct as it doesn't take account of SLP's rather large cash pile (approximately $15 million or so).

Legache - ok fair enough - he has skin in the game - but that is old skin inherited from a while ago. They had to float the company to raise funds to try and make this gig profitable. To be convinced I'd have to have seen him put some "new" money in at the last placing. I remain far from convinced. First things first - show the market that you can make a profit! It's a pretty straight-forward ask, and one that was promised at the IPO. Instead he's doing deals 6 months in to achieve "critical mass"? Jam in a long time from now, if ever. The first sign you will get that things are going well here is if MM puts �100k of his own money in at the next discounted placing in spring 2018.

As we've seen on WRES today, and as he's shown many times in the past, MM is looking out for No.1 in a way that is all too transparent. The difference between SRON and WRES however is that he sees fit to put large amounts of his own money into WRES but not into SRON...that's at least a strong consolation to WRES holders, but it should concern SRON holders. They are doing this merger to achieve "critical mass" as legache points out. Translate - we were really struggling to make our existing set of wells profitable. MM is the master of BS and slipped timelines. At the IPO he sold this as a company that would be pretty much profitable from the word go. Utter bull cacca as we've seen. He doesn't care as he's drawing a nice little salary (ref the recent iterims). And in his next interview MM will blithely carry on stating false timelines to profitability and waiving the carrot of a dividend at some unspecified date, to keep the wheels on the wagon that is SRON.

Legache - I hope you are right, for the sake of all holders here. Strider out!

K3 - I don't doubt the next well will also produce gas, and they may start achieving economies of scale such that the operation becomes profitable. I however, remain unimpressed with the performance 6 months in and stand by my estimate that H2 2017 will come in at a small loss too. Perhaps this is a long term hold, but there are plenty of other opportunities that have both greater potential and shorter timelines! WRES for one!