Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If we are still pouring before Xmas. We could be hitting some incredible margins if the gold price continues to rise
I don’t disagree
I think the update has confused rather than clarified things.
I hope the company clarify things in the coming weeks.
Two weeks ago I was very happy with my investment in a company with heads of terms signed for financing, a big upgrade to the MRE, a much awaited and expected to be very positive BFS leading to start of construction of a very attractive Project in Angola which as Paul has mentioned many times is esg complaint and likely to attract II’s.
The curve ball of the wood group study was very well received by the market and saw us head over 90p and we have also had a great board appointment.
I perceive (and hope) that we will be updated positively before 16th November with regards to the BFS .
I truly believe that the BFs and primary focus at this stage is Angola , with the exciting uk opportunity Provressing in the background.
There has been nothing in recent interviews from Paul that concerns me . I just feel last weeks news is very much open to interpretation and discussion and has caused some doubts for the first time in months amidst positive news flow .
Ironically with the lockdown, market uncertainty and election looming the delay may not be such a bad thing.
Everything on track for first pour this year as far as I can see. Nothing to suggest otherwise and company continue to state first pour end of year.
The drill results last week were absolutely incredible.
Company has plenty of cash. Producing with low Aisc wishing that next 6 weeks.
Resource size and grade will continue to grow .
I can’t see how this won’t be worth a huge amount more over the next couple of years and medium term I see this being a company that pays a dividend if it’s not taken over before
I don’t read it quite the same way as you are tornado.
Paul has alluded to a delay/ bfs update rather than actual BFS in a couple interviews in recent weeks although I did think I understood from his last interview BFS was on track for month end.
Either way a delay to post election/market turmoil over the next week probably isn’t a bad thing.
I am still fully expecting the BFS , funding and cracking ground in early 2021.
The uk project/study/idea is exciting but ambitious and I see that as being entirely separate to our main focus and certainly don’t expect it to be featured or mentioned in the BFS.
Thanks for the info
Had been stated to be mid octbober.
In interviews with PA last week he confirmed by end of month.
I’m expecting a huge move up on the back of that . All pointing towards it being very positive and profitable.
Great news today with regards to the directors buying in at 15p. Good couple interviews last week. Hopefully see run of drill results before Xmas before the MRE
Is anyone starting to get a little twitched by lack of news here. ?
Months since updates despite being told we would hear every couple of weeks.
First pour still stated to be in December which is 6 weeks away.
A little odd or will it all come good?
Interesting comments from Eric Sprott on Friday.
Expecting pure to have better grades when pouring in December than previously announced and better production figures