Member Info for zoros

seanhunter....Worse case - BHP buys us out at a 50% premium! I'll take it and run...so frsutrated...
Z

Thanks JG1964. His post yesterday @ 1845 flagged up an issue where the Ecuador Constitutional court have over ruled certain junior miners rights to mine.
Here is Cornerstone's response (with a reference to Cascabel):
https://ceo.ca/@nasdaq/ecuador-constitutional-court-rules-on-exploration-activities

A gentle reminder that we are still dealing with a country where guarantees are worthless...

Makes me wonder if Ecuador will allow 2 x Open pits (TAM/Alpala)?

Z

While our in house experts continue to provide us with front line news, I sweep up the crumbs and infill where possible, so that laypersons like ourselves can try to stay abreast of things!

The motherlode is (a) tilted and (b) mahoosive, so the decline has been re-routed and the telltale sign is the repositioning of the raise bore rig. This makes the ventilation shaft(s).
It is a site to behold and this 4 minute vid is well worth watching. A reminder that NCM's staff are committed to working through the aussie summer at 45+ degrees of heat, to get our gold out of the ground: Others in the area have stopped work because they don't have the infrastructure @ Telfer (mini air-conditioned hotel!):
https://www.youtube.com/watch?v=fzhf1gU1mws
(Bamps showed this to us about 9 months ago).
The progress made via the decline will be around 250m+ currently.
A reminder why it 'appears' to be less than expected.....I contacted GGP a while ago about this and they said that the initial layers were geologically challenging and also included managing an aquifer in the area. They expected rapid progress thereafter, when they were able to break through these layers.
Passing areas along the decline are required and this means an additional (900m, thanks bamps) distance to dig. Mining capacity using declines (such as this one) and trucks tends to max out around 3mt/yr. This is the suggested plan for the SLOS if you recall (PFS:3Mt and 11yrs). If more resource needs to be extracted from the BUM, then my guess is that they will have to install a conveyer belt. Certainly if the figure (by Sandeep) of 12m+ tonnes/yr is required to feed the hungry Telfer (current max: 20Mt). Gawd forbid if other sites go live in and around Telfer (GGP and other junior miners)....Telfer will need to expand. I bet Sandeep is relishing the idea.........
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By all means keep chatting about Ormicron etc but can you do it under another heading. If some saddo like novochoc goes off on one (again) the whole thread may get pulled, removing some good posts today?

Novochoc....time to retire me lad...you continue to get all twitter and bisted over this stock.....bow out.
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Feck......you know your stuff mwv1. Another great post. Don't forget it would take 2.5 to 3 yrs to pay back the setting up costs @ TAM processing plant and Open Pit but after that....money in the bank. If Solg gets permission from the government to dig a fecking big hole @ surface level at TAM and Alpala, then this could be a goer. The former would run into the latter from an income perspective. The other benefit of all this is that with only 3000m between the two prospects, the processing plant could easily service TAM and Cascabel with long term savings.

Having re-read the MMRE, other good news reveals that Solg are making TAM an integral feature of the Cascabel tenement. I would expect therefore that Alpala and TAM will feature as one entity in the PFS. The former acting as a feeder mine for the Alpala project.
Another obs: the resource @ TAM is open to the south (and at depth) which means it is pointing / leading towards Alpala..............will they join up eventually??
Grades at depth need to be much richer if this (TAM) is to develop into a BUM (bulk Undergroumd Mine).
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Mwv1 - best post thus far. Black and white economic argument for Tandy being a starter mine for alpala.
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Mixed bag results. On its own......bah, mediocre and wouldn't take off as a standalone mine with these grades and tonnages BUT as a starter (open pit) before the main course (alpala) it could be viable by providing income to kick start matters. I'm guessing 3m tonnes/ yr output from an open pit could provide 3 or 4 yes income generation before it is exhausted and then bulk underground mining would have to take over, and/ or alpala kicks in..
0.16 cut off will require an enormous amount of resources to get that AuCu fro it...yikes!
Market will give it a gentle nod I'm guessing....
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Cx your emails.
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Starbright, we know this already? It was forensically debriefed on the forum for weeks and weeks after the initial registration to the ETF last Dec.
Were you here then?
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SAS - GDXJ rebalance not due until December.
Schlem - great news to have you back - now we'll hear news about GGP before it's written!
(You're not going to get all emotional on us again are you ;))

Doggy, great to see your 700k top up....a man who puts his money where his mouth is.
Good luck with your investment.
The catalyst for your Dec/Jan premonition could be the Dec 9th news maybe?
Or something even sooner looking at todays closing price???
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Slug ( I love your choice of names, very becoming). is most definitely MIAGI.
A creepy crawly with a slimey underbelly.
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Old news.
Read Schlem's post on friday @ 1814.
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A great recovery after last weeks dip. In fact it is surplus to what I was expecting.
Maybe something other than 12 inches........is afoot?
SD does like to keep the troops informed....so could there be news in them thar hills?
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Bozi - everyone who has even the most basic understanding of whats been going on @ solg towerts - knows that NM reached hs shelf life and no longer commanded the respect of his board/senior shareholders. There was most definitely a vote of no confidence in his actions. On his gravestone it will read: "Over estimated and under achieved".
Alas, due to his shareholding in Solg, the rest have been unable to fully expunge the man. So he continues to manipulate from a distance. BHP don't like it.
If matters aren't resolved @ the AGM, this effing stock will enter its 9th year @ Alpala mired in a malaise of bathing in NM's epitaph.

PS: You know FA about GGP Your description about what happened because of the discovery spike, is incorrect. Stick to what you (think you) know.....my advice is free.
Z

Hi DarKnight. That's an easy one to answer.
The SP sits in a channel between 14 and 17p.
Last week saw Omicron appear (an anagram of Moronic by the way) and the world went into a tail spin temporarily.
The world has now regained control and ALL stock has recovered.
Simples.
Enjoy.
Z

Matty56 - I don't consider you a newbie! I enjoy your posts.
Hindsight is a wonderful thing and all that but let's agree that this stock has found its sustained level at around 15p. If GGP was the only interested party, then we would be sitting @ 60p+.
It hasn't helped being a part of such an enthusiastic passionate board of followers who (for obvious reasons) desperately want the SP to be a lot higher. Overall - on this board, the flow is strongly in favour of ramping remarks, the place is littered with these comments. Woe betide anyone who makes a derogatory remark against GGP. It is the nature of the 'beast'
But the fundamentals remain:
3,400,000 ozAuEq in the ground.
1,020,000 belongs to GGP.
981,000ozAuEq remains after (10%+) wastage, during the recovery process.
An aisc of approx $700 and PoG $1800 makes this GGP resource currently worth: 1.08Bn dollars.
£788,000,000 after converting to GBP..
4.2Bn shares makes each share worth: 18p. (@PoG: $1800)
Then there is tax etc.
This is why we are - where we are.

I have yet to see any other calculation that proves the SP is undervalued.

I too, want the SP to be 30p+. It will - but not now and not for the foreseeable future (which for me will be around about the DFS period). This is what I am basing my investment plan on. ANY profits above this will be icing on the cake for me.

regards
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InGodwetrust - care to elaborate please? I take it you are a newbie?
Have I misled anyone perhaps?
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Shi t wright - incorrect it IS other people getting him deleted....trust me, I'm a vicar.
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I'm still seeing ludicrous estimates for the SP for the end of 2021....20p, 25p etc.
I'm hoping it's coming from newbies on here who haven't done ANY research.
Many of us have been active on this forum for a long long time...long enough to get to grips with how a junior explorer/miner (call them what you want) behaves from a 'market' perspective.
If you are a punter.......you are forgiven, you are in it for a quick gamble and then you're off elsehwere on AIM etc. Good luck to you and your naive comments are accepted...
but if you are an 'investor' then please try at least to understand what happens with minnows like GGP in the mining sector atleast. Bigging up the SP simply because it is 'time' or because the SP has been shorted or manipulated for too long....simply shows your ignorance.
The sooner we all accept that GGP is where it is today because of what it has 'proven up' to date....the sooner all our anxieties can be kept in check.
I say again. the following are the main reasons for an SP rise (supported by the likes of Steve Todoruk and Willem Middelkoop, to name a few):
A good PFS.
A strong MRE
News of a JV or bid.
Production starting.

The odd ball (where the SP moves without logic) is: sentiment in the market. This is difficult to determine (how/when/why).

News such as:
good assays.
Discovery elsewhere.
Good gold prices.
New CEO.
Might cause the SP to spike but it will then retrace shortly thereafter.

At the end of the day an MRE(inferred) followed by an MRE(indicated has provided us with a stable(ish) SP of between 14p - 17p. That is what the markets have afforded this stock based on what has been formally reported via JORC.
Brokers are estimating future SP's based on what they have gleaned from the company plans and forecasts. Brokers are not everyone's cup of tea...some on here hate them but it is a FACT that they know more than 99.9% of us and so their estimates should not be cast to one side.

Between now and 2022 we are expecting up to 24 assay results, an NCM interim report and a GGP exploration update. IMO, all of this will be revealed on the 9th Dec 2021.
It is my opinion that it will have a favourable effect with the market and the SP may even rise on the back of it. It will then quiesce until the biggy:
MRE(2)(Inferred) for extended SE Crescent and breccia / N. breccia zone.
Which is expected in Q1/22.
I am expecting very strong news then.
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RedKnight - thanks for your kind words. I would post more on advfn but it is soooo quiet over there! Funny how you replied to me as I thought you had filtered me.
PS: James Bond is still well and truly dead by the way :)
Z