Member Info for zoros

SB thank u for your reminder. However Malva put me right on that note. You must have been festering over that for days and days
Z

Hi. Check the "growth" RNs on GGP website. Page 10.
Z

Ok...the valuation is based on GGP's growth RNs (12th). Currently we have 2MozauEq in the MRE indicated 17mt. The remaing 37mt is inferred. This will convert to MRE indicated in the FS late next year. GGP is estimating 2.6MozAuEq. total being 4.6MozAuEq. That equates to the total valuation hannam have put on the mine not including the measley 100m for everything else.
Hope this makes sense?
Z

Got it tx GGP
Z

Hi GGpT... I'm on the move currently...can u show me the link to the reference you are talking about...£100m etc?
Tx
Z

Apologies. Oz not tonnes!
Z

I think I just wet myself thinking about that.
Now let's put numbers to all this ...
Actually let's not. Ponder this....the best grades have been used (3.5oz/t) to big up the PFS. 17Mt of 900Mt using 3.5g/t. Let's just think about the rest, halve it, halve it again, dilute the bonza grades in the PFS down from 3.5....to say 0.5g/t....and suddenly by magic we are down around where nearly all the brokers are....11+Mt of big fat shiny GOLD. And still....we haven't left the effing SE crescent.
OMG.
Will many of us still be alive by the time they exhaust this mine?
Time for a siesta.
Hopefully we now know what the PFS was all about....in space and time.
Z

Copied

Here goes, a couple of posts to picturise (?) What just happened for us simple people to understand:
Firstly...I am delighted with today's SP.
Over a week ago I asked for a 10% hike on the then 16.5o SP.
And look where we are currently. :)
Ok...here goes......
We have a mother lode of approx 900Mt (based on bamps calcs).
We have a reported MRE(inferred) on 54Mt.
We have a PFS reporting 17Mt (28%) upgraded MRE to 'indicated'.
The 54/900 is 6%.
So picture a plan view of the UK. This is the mother lode. The SE Crescent is England. The 54Mt (6%) is Chichester (6%) of England. 28% of Chichester has just been upgraded to " indicated".
The remainder of Chichester (70%) will be upgraded to indicated by the FS. It is this tiny piddling dot in the UK which will be mined in stage 1 and has caused the s*itstorm that is the PFS. NCM has just formally announced it is going to mine Chichester!
The decision to bulk mine the rest of England will be made in December of next year (DFS). And we haven't even mentioned the NW breccia, the Northern Crescent (Scotland) or eastern breccia yet.
The effing mother lode is so massive and we are all in a quandary about a village in Chichester!
Just think about the size of the mine? We have advertised that 1.6Mt of pure gold has been confirmed in 28% of 6% of the SE crescent WITHOUT even considering the rest of the UK.
Ginaggeronimous.
Z

Does anyone out there have problems getting their head around the PFS, now?
If not.....uptick this post and if there are sufficient....I will simplify matters.
Now that the s**storm has passed :)
Z

Qualibashi...u know and I know that GGP have their end in sight. You accept that, right? The PFS was a stamp of approval to officially get on with it....we are well and truly on our way!
Once Solg pushes it's PFS out it will draw a line in the sand and give I.I's authority to pile in. This too will give us all hope that the end is in reach before hell freezes over.
Only one problem with solg... they've lost their mojo .
Zzzzzzz

Afternoon Triggerman from sunny malaga!
Any gossip from the stag meet last night?

Put Solg out of its misery. Please can somebody buy Cascabel or even Solg!
The sooner this is done the sooner all of us can get rid of this blot on the landscape.
What a dreadful investment .
Z

"...Zzzzzzzzzzz, I think there's quite a few posters here that need to takè a break!..."
You called, Copper pot?

Great news ever..about you coming out during your retirement Quades. Finally you have found your true self.
Even better that for the fourth time you are not posting again.
Unfortunately the rumour that you could be the new 007 are unfounded, cos he's still dead!
Z

Garethwheeler -

12/10/21. Hav PFS. (NCM now owns 70%). NCM qualifies for extra 5% at fair value.
[5% option period valid only between 12/21 and 12/22].
10/21. Los Diablos / Parlay / Saddle reef assays due.
28/10/21. NCM September quarterly results.
10/11/21. NCM AGM.
11/11/21. MSCI quarterly Index Review (effective 01/12/21).
26/11/21. Firetower/Warrentinna mining rights expire.
09/12/21. NCM Interim report.
12/21. MRE(2)(Inferred) for extended SE Crescent and breccia / N. breccia zone.
12/21. GDXJ quarterly rebalance. .
12/21. Option for NCM to take over management @ Juri JV.
H2/21. Drilling programme commences – Rudall.

Z

CD - if you're not invested in GGP, why did you 'pop' over and diss them? Speaks volumes.
And do you honestly think solg held BHP at bay (at 14%)? What are they the mining police?
If BHP want Alpala, they will do as they please, when they please and you know that.
Z

Dillon - Good evening. Of course. NCM will go to market and use an independent intermediary to decide what fair value could be. GGP would have to be a part of this obviously.

Bamps - evening Sir. The answer to your Q, is: " in relation to the Tenement Blocks". Make of that what you will.
Maybe a new wash house and outside toilets!!!
Best
Z

beginner1 - Stage 4 complets after the PFS is delivered AND the $20 million is spent. I don't know when the latter ends.
After Stage 4 is the 'post stage' era. This is where NCM's "qualifying" for the 5% (stage 4), becomes an "Option" to exercise it, at their discretion.
Z

Farmerlad, I see you've increased your stake from 8.25M......nice on.
Enjoy
Z

Over 285 posters on here responded about 12 months ago to a quick survey on who had how many shares. 265 had over a million each. It ranged from 30 mil to 1 mil.
When you buy @ fractions of a penny....you can afford to sit on them.

Ruprah. Schlemiel called in about a week ago, wishing us all well. Bless....I miss his investigative posts..
and of course his emotional outbursts!
Z

Total ore production. (Gold and Copper). 3.4Moz and 160k (resp). Bulked out maybe?
Estimated capital expenditure of mine. (not bulk mining, just stage 1).
Mine life from first production.
Estimated Internal Rate of Return (IRR).
Estimated volume output/yr.
AISC. (Based on a quoted average gold/copper market price).
Design of mine for stage 1.
Gold and copper grades in the medium term.
Early Works Program of activities.
Confirmation that the DFS has started.

Loads of juicy stuff for our geology guru's! Expect Bamps to wet himself over the data.
Expect loads of Q's from all of us! Forum overload perhaps!

And for me.....how/when will Sandeep introduce the MRE(indicated) into the equation?

Z