Condor Gold Share Discussion Threads

[usmcgs] 02/2/2016 08:09

red on its way

[usmcgs] 02/2/2016 07:55

Moneymaker on lse saying it is only going 1 way and that is up. What about the last 2 days lol

[wooster4] 02/2/2016 07:44

you lot should look at marl - 1 million ounces (and will be upgraded in next couple of months) at 11.8 g/t. Cashed up for current drill programme. All for £12 million.

[temujiin] 02/2/2016 07:17

Being in Canada with a low Canadian $ v US $, those Chalice costs will be lower now.
================

This is true Andy but that is a variable that can easily go the other way over the long years of a mines life. I would rather have my production advantage in-built with a very low AISC.

As for they got it cheap at $6/oz, I agree S6/oz appears very cheap. But that's not the whole story. I'm sure there are goldfields out there with 2m oz but with AISC at $1300/oz, which means you could probably buy that 'asset' for $0.5/oz. It sounds stunningly cheap, but it doesn't make it a great deal with gold prices sub $1,150/oz.

People think grade is king, it isn't. It's what good grades generally leads too. IE, AISC is king, and CNR's is $160/oz better than Challices purchase, which is a huge difference when dealing with a million or more oz's.

[andy] 02/2/2016 01:02

Tem,

"Importantly you must consider the difference in AISC which is key.
CNR's <$700/oz v $852/oz. Lets say $160/oz difference."

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Being in Canada with a low Canadian $ v US $, those Chalice costs will be lower now.

Like I said, everybody thinks their deposit is the best, whereas in reality they all have positives and negatives, and the chalice purchase at $6 er ounce is certainly in bargain territory, IMO.

Let's hope the POG rises to make them all look cheap and we might start making money again.

[goneawol] 01/2/2016 21:37

harebridge,

No proof then. At least you've gone from 'nobody is interested in buying the company' to 'there were no offers' (reported).

If anything it has been a dump 'n pump.

[temujiin] 01/2/2016 20:56

Andy,

if you want to add in the inferred then

Cameron Gold Deposit Inferred 829K ounces of gold at 2.11 g/t

CNR -inferred mineral resource of 1.23M oz gold at 4.5g/t.
CNR also had 2.66M oz silver at 6g/t

Importantly you must consider the difference in AISC which is key.
CNR's <$700/oz v $852/oz. Lets say $160/oz difference.

Extrapolate that over the Cameron Gold Deposit 567k oz x 160 = $90million.
In other words if both businesses produced 567k of gold, CNR would give $90M more gross revenue.

Given CNR have 1.23M indicated then just the difference in extraction costs is 1.23m x 160 = $197M more gross revenue even if the Cameron Gold Deposit found 1.23M oz.

This is why imo CNR is far superior to the Cameron Gold Deposit which Challice did though, pick up very cheap.

[harebridge] 01/2/2016 20:51

Goneawol"What proof do you have that nobody was interested in buying the Company?"The share price at 17p told us.There were NO OFFERS! End of.Long suffering holders should stop misleading gullible newbies on here.This is a shameful pump 'n dump, orchestrated by a few for a reason that will be revealed.

[acliff] 01/2/2016 20:32

fission
they have already trebled
i think that could be it for now (or ever)

[andy] 01/2/2016 19:38

Tem,

You ignored around 1 million ounces of inferred!

And those costs will be lower now as they have the advantage of having them in Canadian $ rather than US $.

That deal completed in 2014.

[goneawol] 01/2/2016 19:16

Harebridge,

Just because tw likes to state this as fact, doesn't make it so.

What proof do you have that nobody was interested in buying the Company? No one made an offer at that time, at a price acceptable to the board. It doesn't mean there isn't interest. The company was not for sale at 17p.

It maybe an offer will be forthcoming when the project is de-risked further, we just don't know.

[temujiin] 01/2/2016 18:13

Thanks Andy (and Gonawol)

Yes they do seemed to have bagged a bargain back in 2013. But even with this exceptional deal by Chalice there is a difference to CNR, in CNR’s favour.

Cameron Gold Deposit hosts M & I of 567,000 ounces of gold at 2.45 g/t
CNR - La India Project 1.1M oz gold @ 3.5g/t in Indicated Category

Coventry’s Cash cost of US$852/oz.
Significantly imo CNR’s - under US$700 oz gold

Initial development and capital expenditure both came in at aboutUS$110 million.

I guess for every example of sub $10/oz, there is probably another example of someone paying greater than $50/oz.

[harebridge] 01/2/2016 17:40

I see the Bulls couldn't answer the following:If nobody was interested in buying this company at 17p, why would anyone want to buy it now, after it has been pumped to this level?Astonishing, that anyone would want to buy shares in this- but that's what makes a market!

[fission453] 01/2/2016 16:56

Massive buying from Jim then!

[usmcgs] 01/2/2016 16:49

So the downwards trend continues. ......

[fission453] 01/2/2016 16:38

Excellent end...didn't see 40p or even 30p!

Some numb nut got it all wrong, perhaps it was their version of scaring the honest!

[fission453] 01/2/2016 16:10

Massive buying at the close as people realise Jim is no mug!

[fission453] 01/2/2016 16:07

Massive rerate for CNR....Jim Mellon buying significant amount....these will double in less than no time.

[usmcgs] 01/2/2016 16:03

The fall us likely to speed up as those after a quick profit realise it's not comingThat is the aim way

[fission453] 01/2/2016 15:42

Anything under 50p is an absolute bargain! He knows it!

[fission453] 01/2/2016 15:41

Bumpa33, no one is trying.....watch out for the notification pal!!!

[fission453] 01/2/2016 15:32

Jim Mellon buying a few more!