Goldplat Share Discussion Threads

[danielmiller1] 19/12/2016 20:20

Lolololololololololol

You just can't resist it can you stupid7

Lololoolololoololol

[kimboy2] 19/12/2016 20:15

Yes they were stopped using artisanal material but were then allowed to use it from their license area. Presumably these blokes are digging up their gold.

It surprised me that the new mining bill was so supportive of the artisanal miners. It must be an important part of the economy.

[sea7] 19/12/2016 19:33

Whilst I am sure that Kilimapesa gold will be fairly selective in its acquisition of artisanal material in migori, there does look as though there is likely to be quite a bit of it around...


Artisanal underground mining is inundated with unsafe conditions and practices, yet seven out of the eight sub-counties in the county which has a population of about one million people, is dependent almost entirely on artisanal gold mining.

[wigwammer] 19/12/2016 13:58

"Tardy is the the word that comes to mind. History to date: Problem with Rand. Rand wont take it, hang on ship it to Aurubis. 5 month pipeline oops qtr 1 even. Jackanory." Russman, 17th December last year.Result: shares double.

[kimboy2] 19/12/2016 13:29

Yes it is staring into a psychological abyss. Needless to say I have come to the conclusion it is a waste of time trying to answer their questions.

[sea7] 19/12/2016 13:20

I have never, nor will I ever understand why someone would want to waste their time on a bulletin board that pertains to a particular stock, if all they are going to do is make puerile, childish and meaningless comments.

[kimboy2] 19/12/2016 13:07

Sea - I don't think that he/she is seeking information but trying to create quasi information.

[sea7] 19/12/2016 12:45

Tailings at kili range from 6g/t to 15g/t.

When kili first started up they had stockpiled 5000t artisanal tailings, with deliveries on a regular basis. They did have additional material delivered at 1500 and 1700 tonnes after heavy rains abated. Some of the material was ad hoc others were by contracts.

Almost all the info you seek is in historical RNS's which can be found on the company website.

[russman] 19/12/2016 11:58

Let me guess.There are stockpiles of artisan junk.There is a stock dam.GDP are sending their sourcing team.

[russman] 19/12/2016 11:54

How much grade ore can Kili mine per month - perhaps 3kHow much high grade artisanal junk can be sourced per month - 2k

[russman] 19/12/2016 11:50

How many millions will be invested in Kili - maybe 8.How many t would be processed on average a Kili month - maybe 5

[danielmiller1] 18/12/2016 20:58

see the posts on the other thread. No matter how they try to boost it up looks to Dan as if there is a big cash call coming Care is need here chaps

[kimboy2] 18/12/2016 13:03

They are described as tailings but they are getting more than 7g/t from them. How else do we explain 2kozs from a 1tph processor?

[sea7] 18/12/2016 12:57

sounds right KB,

I would think that the additional support of the artisanal tailings at higher grades will take the pressure off the mine itself, so they are covering the bases with existing resource, artisanal material and expanding the resource as well.

[kimboy2] 18/12/2016 12:55

Well the CIL going in now does 80tpd which is about 2,500 per month. The larger plant is 7tph which ia about 5,000 per month. Presumably that explains the numbers.

On the resource I suspect that they have enough to go at for several years. It may be that they want to open up different areas to ease the pressure and spread the risk, which may require some drilling.

[sea7] 18/12/2016 12:41

The gazette notice shows a proposed 3000 tonnes a month production plant and 6000 tonnes CIL plant



I suspect that they must have a plan in place to increase the resource, as mining by nature is an ever depleting resource that is either replenished or exhausted. Whether resource expansion is put back a bit remains to be seen.

I am expecting to see the plant have more artisanal material going through it from all over the area as time goes by.

[kimboy2] 18/12/2016 11:46

I see it as firstly the CIL, which will change a £0.5m loss into a profit of £0.5m

Next is a new plant which will process 7tph and about 5kozs and cost about £4m. The profit from this may be in the order of £2m pbt.

I presume this would be in addition to the 2.5kozs the CIL will be producing.

The next thing is expanding the resource to the alleged 2mozs. I am not really sure how many years of ore they have to supply 7.5kozs pa. They do not have a reserves number as such but 30kozs in measured and indicated.

That is not counting was appears substantial artisanal material.

It would appear limited incentive to increase the resource.

The next stage looks to be getting agreement with neighbouring properties to form a JV to build a bigger plant. I would be very surprised if this happened. More likely to be acquisitions by one group or another.

[sea7] 18/12/2016 11:18

He says that the long term potential in kenya, is to deal with our neighbours and create a significant mining area on the migori archaean greenstone belt.

So it looks like

firstly increase production and processing output.
secondly increase resource significantly
and the longer term objective as stated above.

The first bit we are expecting news on soon, the second is the work going on at teng teng to start with and the third is the news we have had about meetings with neighbours in migori.

So, all are happening at once and they do seem to have much bigger plans for this area.

News on how they plan to take the pressure off the recovery divisions with financing for kenya would be good.

[kimboy2] 18/12/2016 10:58

Our plan is to move this into operational profitability in this financial year and that will make our shareholders much more comfortable with our long term plan for Kilimapesa.

I have doubted the value of Kili in the past and it made a loss of £624k last year. Certainly life would have been a lot easier for GDP if they didn't have the mining side.

However we are where we are and moving into profit is clearly good news. Hopefully an announcement is imminent on the CIL.

The challenge for GDP is how to finance perhaps £7m of potential capex in the next couple of years on projects with very good rates of return, to make full use of the assets and potential at its disposal.

Once the capex is done then GDP will have a very useful cash flow which can be invested in mining if they wish, and who knows where we will end up then.

[michaelfenton] 18/12/2016 09:45

Yes thanks sea7 a good read and kili is certainly of real interest to us all seeing as it has been such a drain on resources for years.

[sea7] 18/12/2016 09:23

I thought it was quite interesting on kili as well.