RE: To any criticizers regarding ALBA's Clogau project22 Jan 2021 16:44
The daft thing is that chemically the gold it the same. It's just the providence of it. However, if they find more than expected they can't really have it sitting around not earning a return so I would suggest it will go to open market. Due to this, I personally have not factored in any sort of premium price. Anything above the "standard" gold price is simply a bonus, so I would advise not to hold on to any pipe dreams thinking you'll get 30x. The more gold Alba mine, the less "rare" it really is.
The Welsh Gold was only a small part of Alba's assets and really we're not accounting for a high percentage of the Group's other interests in terms of revenue stream. I think I heard previously about 3% of the SP (or was it 3p) someone could kindly correct me please? The gold recovered here will fund other operations. Greenland is the big one as others have reminded us. Get the ilmenite sorted, then Alba will really pick up pace.