Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sorry £1,000,000,000* is only 720,000oz at £1400/oz
In terms of Gold, £1,000,000 is only 720,000oz @ £1400/Oz (not including Clogau premium. I think 10p is achievable in the next 12-36 months
Which school did you attend Tigger? I'm ex RAF cadet. Got to Sergeant before I left! I visited the CCF section in Ellesmere College and a good friend of mine is an "Old Ellesmerian", I know there are quite a few CCF sections around these days though.
Sorry for your loss. Not much of a golf man myself, but my dad follows it religiously (mainly Masters and the US Open).
If GGP multibags to much over £1, I can imagine that we'd see a request for a stock split. We could end up with a large mcap, but not one that would warrant a multi £ stock price. Our SP should better reflect our size as a company and not discourage investors.
Think LTInv is also right, we need to keep our expectations optimistic, but also realistic. We aren't going to suddenly outstrip Newcrest's value in 12 months...
I think GGP and NCM will come to an more than fair agreement for the 5%. I think GGP will get a good sum and NCM will get a bargain (a bit of give and take). Just to maintain that good working relationship.
I'm not so sure Tymers. I'm up 400% since July(ish). Things are happening in Dolgellau now. There is gold there for sure and they've just expanded out on the existing mine. Sure, they'll never get to the point of GGP with a multi-billion dollar prospect. But, there is demand for Welsh gold and with Credit Suisse et al target pricing gold at up to $2500 in the coming months, that mine is more than viable and the market cap is well below fair value for the assets. As I say, it's no GGP, but they are going places imo (of course DYOR and GLA to those holding GGP and ALBA!)
Saint-Tropez. I am absolutely baffled by your post. I just cannot believe it. It's absurd, ridiculous even that you neglected to add that Credit Suisse have revised their gold target price up to $2500/oz ;)
In all seriousness, excellent post! GLA
25p is generous. I'd say 1.5-2p by February. Maybe 5p by May-July being optimistic. Drilling and mineral estimates aren't something that can happen in 6 months. Especially not on Look at GGP, I jumped in there in March at 8p and they're at 25p (ish) now. They had already been drilling way before I got there and they've been lucky to hit a motherlode, nothing like I expect we will see here. They've only just started drilling their other prospects and that's with support from a massive mining co in a JV.
ALBA has massive potential and I don't doubt they'll one day in the not-to-distant future hit double figures. However, right now I think May - June we'll be hitting 5p if we're lucky. Remember, they've got a looooot of prospects to drill and that takes time to do properly.
Saw the LSE market report and wondered what had happened here with a 10,000% rise! Consolidation mistake seems likely haha. Best of luck to all enjoying your temporary riches! And GLA for an actual 10,000% rise in the future.
Damn it, didn't read the RNS properly. 45,000 was the TOTAL over the mine historically (definitely got that Friday head on).
Let me revise.
10,000tonne of ore per year @ 15g/t grade. Estimated 150,000g per annum.
150,000g is approx. 5300oz/annum.
5300 x 2,000USD = 10,600,000USD
10,600,000USD x 0.96 (4% royalty) = 10,176,000USD
10,176,000USD / 5,865,000,000 shares = 0.001735USD/share = 0.0013GBP/share.
Assuming AISC of $1,000/oz (as per AngloGold in 2017) we can assume 0.00065GBP/share per year.
A much less exciting 0.065p per share per year profit. However, that is only the Gwynfynydd Gold Mine and modern technology means its much more likely we will see more than 10,000 tonnes per year!
Based on 45,000oz then:
$90,000,000USD *0.96 = 86,400,000USD
86,400,000 / 5,865,000,000 shares = 0.0147USD/share = 0.011GBP/share or 1.1p/share
I still think we'd be looking around the 0.4-0.5p mark profit from that mine alone per year! Based on AngloGold's AISC of $1,054 in 2017 and the current gold price of around $2,000USD. Bearing in mind that the SP is only 0.46p today and we have literally over a dozen other mines/prospects to consider including Clogau!
"Gwynfynydd Gold Mine has historically produced around 45,000 ounces of gold at a mining grade of 15 grams/tonne."
45,000oz @ 2,000USD/oz = 90,000,000USD/annum.
90,000,000USD / 5,865,000,000 shares = 0.0153USD/share = 0.0115GBP/share (i.e. 1.15p)
Let's say AISC is about 1,000USD/oz (as AngloGold reported 1,054USD AISC in 2017) - we could safely say Gwynfynydd would produce around 0.5p profit per share per year alone! Of course, that is based on historical data (Gwynfynydd closed in 1999) so who knows how much it could produce using modern mining technology.
ALBA = Massively undervalued.
Just from previous experiences (bearing in mind I am just a greenhorn in this game) - there will be a nice jump and then the Profit-Takes will be triggered for thousands of PIs causing the price to crash down again. Albeit the crash won't be devastating, but just a significant dip.
Then it will slowly level out before rising again on more news.
I always get caught out on this - take when it's high and then jump back in on the drop and go for a nice meal out on the profits.
Hey everyone. So I am curious and a bit lazy atm. Do we have an approximate AISC for gold in the UK . I understand it varies from mine-to-mine. But is there any rough guesses out there (I could go and look at other miners in the UK, but I am sure it would be quicker just to ask you guys)?
Hoping for some good grades in the results to plug into a guesstimation of fair SP. Not sure whether to add the Welsh gold premium though... I know that's a bit of a divisive subject on this BB at times!
GLA and appreciate any ideas!
Very similar here Carpo:
ALBA
GGP
KOD
GWMO
BPC
PREM (unfortunately)
PMO
RMS
Why not ORM? I have seen PAT and first glance looks OK, but would need more research before buying - I am always more curious about shares we're told to stay away from. You've posted on several BBs about PAT and ORM.
Blue-horseshoe, I believe the gold was sold to invest in securities as gold was very volatile at the time and not increasing in value enough over time. I think the investments made became far more valuable than the gold would be now. Gold is nice and safe at the moment, but when it was sold previously, there were better deals to be done (especially during the economic boom).
Its opened at 25. Question is, where will it close?!
Do we actually have an idea of when we're getting news? It seems every week I look on this BB and people keep saying "news next week", "hit 30p SP next week", "big news next week imo". Seems like next week never comes!!!
I know we aren't getting the MRE probably in December, but these Scally results are taking their sweet time!
I have a question here chaps about a strategy I am considering. Are we expecting an SP rise to above 0.5p before December? You see, I am in GGP and they are expecting an MRE in December which should blow the SP through the roof if all goes as planned. With those earnings - I was hoping to buy more ALBA to prepare for the rise as expected over the next 6 months to 5-10p range. That should put me in excellent financial stead going forward for the future (I am only in my early 20s).
Of course, I have checked out ALBA and it's background, I understand the uncertainties and fundamentals. Just wondering if by waiting until December I'll be missing the boat. I have 9,500 shares in GGP (current value about £2k) I am hoping to make another 50% and move that into Alba where I have a small holding of about 140,000 which I've already got a 5 bag on (paid about £100 for them).
TIA for any info. GLA to everyone and especially those who have already got a significant holding - kudos.