Member Info for zoros

As expected regarding the NCM calendar results. History and confirmation for us but a requirement for his shareholders.
Some snippets of interest though:
Page 6 of the M and O report shows Hav being the MOST efficient at recovery rate (88%) for the Gold out of their entire portfolio of mines (only Telfer open pit slightly better at the upper end of the scale).
Page 15: Look @ Hav's gold grades (3.9g/t) average, blows nearly every other mine out of the water! Copper a few pages on, doing well too.
Nice to know what we are up against from an economically recoverable perspective.
Audio: Hav IRR - SB has upgraded the IRR to 22% (from 16%) courtesy of the spot prices. Thank you sandeep and we welcome that dose of common sense from you. II's will like this. SD always had it @ 27% from the outset.

Not so good news: the 6 month delay getting to the motherlode. This is what they have at the moment, let's see how this progresses 6 months from now. So instead of first gold 18 months from now, it's 2 years. Ce la vie.

Shame about the MRE2. A lot of peeps were waiting for this, me included. My roadmap always flagged it up as Q1/22. However may of us thought it made sense to bolt it onto a calendar reporting period.....but I guess the longer it goes on, the more drill results we have.
It's not gone away............remember that.
No news isgood news........
Shaun, you're on buddy..............
Sleep tight ya'll.
Z

https://edge.media-server.com/mmc/p/egv7vpaf/dmediaset/audio
Z

Peace and quiet

Each day they deliberate, is another day closer to Lasso coming up for re-election. God help us all if Ecuador adopts a Chilean/Peruvian draconian ruling on mining thereafter.
Z

Tex - what time is it there now?
You staying up for the results?
I bet it ain't blowing a hooley and raining though?
Lucky sod.
Stay safe
Speak the other side of the tsunami of posts incoming.
Z

Hydro - if I was in the same room as you now, I genuinely would spill my beer!
Pot, this is kettle, over!
;)
Z
Gawd I wish LSE had added emoji's

Lenz - we have a major problem here.
I can only put it down to the written word not communicating the mood. Take Tex's response to my earlier post...I thought he was gunning for me and now after he clarified....I was off the mark, thankfully! (Thanks Tex).
Listen, Lenz....I noticed a way back when you thought GGP would be worth a billion a year income and I mentioned you were a factor of 10 out......you went all quiet on me ;) (That is a 'wink' emoji by the way!) that something was wrong.
For the Nth time on here, I have NEVER ever been gloomy about this stock, ever. I am simply trying to hold back the flood gates we see on here by tempering some peoples expectations.
As I have said time and time again........we are onto a certainty here but IN TIME and steady as she goes, that is all.
I suspect the frmula for mood on here is:
MOOD = price bought in x time left to invest. The lower the figure, the better the mood!

Can we move on from here now, please?

You've got the wrong end of the stick and it's down to the written word rather than facial expressions too :0 ;) ;( emoticon, emoticon.....XX
Z

Tex - you know what I meant. It's been a long time since the last MRE and a lot of figures are flying around.
Accept it or not, I expect the GOLD to rise a further 1moz compared to the original MMRE.
From 3.4 to 4.4moz.
Put it down to my covid (day 6).
PS: when did I say I'm an authority?
Z

Bang to rights LB...many thanks, I'll fiddle my figures......again!
Z

lebuge-addick...I did, it is AUEq ;)

Texlas30 - what have I missed?
Z

I have always expected the MRE2 to appear alongside one of NCM's calender reporting periods and this seemed like the right one from a time lapse perspective. IE...long enough since the PFS to give them some ammo for the MRE2. After all, it is 15 weeks since the last update and a year since drill results have been included.
Just not sure how much the resource has grown, that's all. I'll stick my neck out and go for:
Last MRE: 3.4mozAuEq.
Next MRE: 4.4mozAuEq.
Gulp!
Z

So if the MRE2 is now ready, by default the drilling result cut off must have been end of '21 - no?
So that would be an additional 9 months drilling since the PFS drill results. (Feb '21 to Dec '21).
This should therefore produce "x" additional inferred and "y" additional inferred converted to indicated.
Ergo, the MRE2 won't have any of the 90km drilling for 2022 up to June.
Brokers quotes of +10MozAuEq (24p) suggest this is what they want to see outwith the PFS catchment area. And the only way this could happen is if all the 2022 drill results to June are in. This would mean waiting until late August/early September at the earliest (MRE3?).

So how much is feasible in the MRE2?
Z

walkabout - it was indeed pushed right to Q1/22. So theoretically it could come out on 31/3/22!
Coming out later means adding more resource and grading results obviously but tonight/ tomorrow would seem a logical place to deposit (sic) it.
IF it does appear now, then the cut off for drill results would have been End of Dec so that the assays could be realised in time for 'now'.
All part of life's rich tapestry - eh?
In the perfect world the long list of news would be evenly distributed over the next couple of weeks.......but that is far too logical an ideal.
Z

It seems LSE were very busy yesterday!
1218 - 1248
1308-1331
1412-1422
1515-1541
1541-1609
1652-1747
1748-1813
2218-2253
All of my posts "In preparation" were removed around mid-day, as an example. Paddy, Hydro, Panama, Dip etc ...all taken down
Anyone any ideas what happened?
Z

Afternoon all.
Further to Bamps earlier post, although the evidence suggests lots of and great news imminent, it is VITAL to remember we are still 'relatively' early days enroute to the final prize.
I expect atleast another MRE(3) in August before the DFS in December, sprinkled with interim good assays and updates. Not forgetting the 5% cash injection.
So for me......tomorrow isn't going to be an "eureka" moment, more, an "emollient" moment ...moisturising and smoothing!
As has been said before, this is a marathon not a sprint.
Reminder: Starter mine commences production in 18 months! Permanent cash flow (FCF) thereafter.
Tax return completed this am. So couldn't resist another 140k@14.2p. Now where is that cream.....
Z

Lunchmoney - tx for your reply. So can I confirm that there is no large increase in dilution capability?

Open pit @ Alpala was mentioned last year during KM's podcast.

Best
Z

Did anyone else notice that the BoD passed a resolution to make available a further tranche of shares (up to 2/3rds that of the existing offer of 2.3billion),
I thought that was a failed resolution @ the AGM? No?
Dilution here we come.
Z

Dip666 - great piece of work and effort. VMT.
Bamps porn!
Keep up the great work.
Z

Well feck my old boots, suddenly........................................................................................................................
nothing happened..................again.
Zzzzzzzz

Yep.
Z