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Would it be possible for us to sell off the area around just TE5 and TE10? By doing this we could keep the area around TE11 for the Veyron, Annoual and Sidi. Take out the risk then go for much bigger reward?

Sorry I mean commercial discovery. It's the du pape gone to my head

Jag, I would imagine that if good news comes from TE10 the price will shoot up from there. The LE price would then be taken from that value. If it doubles on good news to 50p it may then "10 bag" from there. Cove went from 60p after news of discovery to £2.40 selling price I think.

So if it was the value if we were to sell it to a mining company this should reflect well on the share price if say 400,000 ounces was found. So what value could it add to the company? I'm just dreaming?

Didn't someone say that every 100,000 ounces in the ground was worth £10million? That surely means 400,000 worth £40million. 1 million would be £100 million. Is that if we were to sell the asset without doing anything?

We may see a small rise in anticipation of news later. Kick in the nuts will be tomorrow morning.

So any idea of set up costs on a Glod mine?

IMO the SP is falling or remaining very flat because of these warrants that expire in June. So come Q3 these will have expired and we will be producing flat out. Therefore July could see a nice re rate. Just enough time to top up my Isa in April.

At 1.43TCF that should give us more than a pound value on the share price surely. 1.43 / 2 x £1.5 = £1.07. Add this to the existing discovery, the rest of Tendara and Sidi. The figures are now looking very promising.

At

Great initial news! With TE5 we were really accurate with the mid case values after the logging tests. This could mean 1.43TCF discovery as long as it flows.

Hi again L200, thank you for your response. It must be me being a bit dim but I can't see anywhere where it says $150. Can you give me an exact slide number please? GIT's explanation of the 200tonnes pm x $245-$94 does though. Thank you

Morning L200. What slide are you looking at as I can only find $245?

I keep thinking of "Goldilocks". There will be a top amount someone would pay and te10 could unlock it. Veyron may put too much on the value if that's possible

A new location for te11 as te10 is so good

Thinking a bit more: if they want to announce a large discovery at te10 surely they would need to announce flow rates and volume first.

So if the conference is this week will we get news tomorrow or Thursday? I will be tuning on at 7am

It should send a good message to investors. Ore processed without any issues unlike WOLF.

On a positive note when trolls do appear it seems that news does follow. Maybe the Glod news this week

If it was going to flow at Te6 rates would they not have given an indication of pre stimulation flow?