Fusion, imagine going to the gold mine with a large bucket and a shovel.
You fill the bucket up with the shovel.
You weigh the contents of the bucket and let’s just say they are 1000 kg (1 tonne). You send the bucket to the lab where they crash it and process it and find 100 grammes of gold. This gives you a result of 100g per 1000kg (100g/t)
Now instead of sending the bucket to the lab you pass the contents through the crasher (the pilot plant) and out of it comes 500 kg of concentrate, say.
Now you send the concentrate to the lab and they find 100g of gold in it. The result then is 100g per 500 kg of sample (concentrate this time), which equates to 200g per 1000kg of sample (200g/t).
The RNS is excellent … but it has come out two months late!
We were supposed to have a DEFINITE answer on early revenue generation from the waste pits in the middle of May. May is nearly over, where is the update?
I said that before - 0.30p was a very strong support for well over 6 months. This was broken at the end of Q1 because the bulk sample assay results (the ones announced today) were stupidly delayed.
Now 0.30p has turned in to a strong resistance - it will not be easily concurred. For me the way Clogau has been handled is infuriating.
The only thing that will save us is another RNS on the back of this proving early revenue generation from the waste pits … but it has to be announced today/tomorrow to have an effect. Need National news exposure again and soon.
Ocelot, I don’t believe they set a date yet. Was COB yesterday for questions submission, but they haven’t said yet (as far as I know) when these questions will be answered.
Looks like is going to be an exciting day tomorrow … 102 million and counting.
Somebody being buying big, I saw about four 5-mil trades at 0.41p. Looks like somebody is accumulating and now with Monecor effectively gone it will be free to go.