Galantas Gold Share Discussion Threads

[glavey] 12/4/2024 15:09

Friday, Gold in the title, no need to research further.

[gb904150] 12/4/2024 13:10

well that is a sudden improvement in share price after a long time sleeping.

I wonder if there's much going on....or just catching up with the gold breakout.

Next results should be early May for results for YE 31/12/23.

Mario Stifano likes drilling.....and he seems to like this project.

Now if only we could do a Dalradian.....

[lurker5] 09/9/2023 21:52

Thanks. Uk investors have Scotgold's Cononish experience at the back of ther minds I expect. Maybe Canadian investors can't imagine the uncertainties of an old system like the Dalradian ? Seems gold production rate is realy in the lap of the gods.

[lurker5] 07/9/2023 16:52

Mineneng From what you know of the vein geography, can you estmate what the mining rate could be ? Do I remember Stifano has pubished some sort of gold prduction target ? Too time strapped to look it up at the moment.

[mineng] 07/9/2023 09:47

Lurker

Whilst not a feasibility, there is an insight into Micon's thoughts on the matter in the Technical Report, which I found interesting.

"In accordance with the recommendation of the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines 2016 a Mineable Shape Optimiser (MSO) was used to identify spatially continuous mineralization within potentially mineable shapes using reasonable assumptions based on the current operation and long-term price trends. For the MSO a minimum stope width of 1.2 m optimised to a cut-off of 2.25 g/t Au was used. Economic parameters for cut-off
grade determination include: US$1,800 oz Au price, 92% process recovery, 90% payability, 4% royalty, US$120 t mining cost, US$30.72 t processing cost, US$13 t general and administration"

[lurker5] 07/9/2023 08:52

Isn't there a 'mining plan' due ? At least that would give a clue.

[panagos] 06/9/2023 17:23

lurker thats a blast from the past... lol you still here?

[lurker5] 04/9/2023 07:23

Where is the updated feasibilty study ? A resource statement is useless by itself. Wouldn't be surprised if Sprott et al weren't becoming just a little fidgity.

[nomolos1] 29/8/2023 21:05

That's a long slog - I held JLP for 10 years suffering multiple placements and frustrations and eventually sold out for a 1000% gain - good luck

[panagos] 29/8/2023 20:33

sure... itsvery low probability of junior finding economic ore body... but we still have Beaty, Sprott etc... who are grand daddies of precious metals exploration, so there still hope

[loganair] 29/8/2023 20:31

pan - I would say more like 95% of juniors.

Another thing juniors do, is they seem to want to keep on exploring to put out bigger and bigger reserves instead on concentrating on the first reserve and start getting it out of the ground to provide and income stream to pay for further exploration is a far better way of building up reserves.

[panagos] 29/8/2023 19:55

I, will tell you why.. noone gives them much money at IPO because junior exploration odds is lotery style odds.And they dream huge hits that will enable them to issue paper at higher and higher prices...But 90% of juniors, end up at sub 10c stocks with billions, of shares and do a roll back 1 to 1 and wash rinse repeat.

[loganair] 29/8/2023 19:52

I've never understood why junior commodity exploration companies do not raise enough money at IPO to be able to at least start getting the said commodity out of the ground and providing an income, instead they seem to raise enough for the first year of exploration then have to keep coming back year after year for more money in the end leading to billions of shares being issued at a fraction of the IPO price.

[panagos] 29/8/2023 18:22

i have been duluted here since 2015. hope i am wrong though

[nomolos1] 29/8/2023 14:28

If you'd read the accounts you'd see they have 1.5M in accounts receivable and have extended their loan refinancing to beyond December, but you know...

[nomolos1] 29/8/2023 11:55

Nice hit - market has ignored it, I'll take some more

[loganair] 10/8/2023 16:35

8.4g/t AU at the Joshau Vein and 1.23% Copper at their Gairloch project are both very high grades, especially as most new copper projects are around the 0.5%.

[mineng] 01/8/2023 13:29

Not the way I read it.

[bmw30csl] 30/7/2023 12:41

They are going to use the money to prove it up then take it for themselves when it is set up for proper mining

[panagos] 27/7/2023 12:18

no one cares