Condor Gold Share Discussion Threads

[tester2020] 02/3/2021 16:11

Book5 - thank you so much, that's really interesting. :-)

I like this very much "CNR built a new road from the main regional road to the place where the new plant will be located in a land they call Villa Fabiola. It is not have tarmac, but material is very hard."

I just feel that when companies actually start building their own roads into a project, you just know that its going ahead, despite all the conjecture on the land ownership question..

The share price is weird at the moment - I think we could be bottoming here at 45/46 before perhaps another movement up to the 55p range.. I would love to get some more at 40-42p level, but lets see what happens :-)

Also - when we eventually organise a CNR takeover party, you will most certainly be invited! :-D

regards,
T2020

[book5] 02/3/2021 14:10

HI tester

A local contact just said:
CNR improved the earth road that goes to La Mestiza, it is in the village of Agua Fria.
At the India, it appears (I need to confirm) that cnr has done some earth roads within their land to facilitate internal movement.

My main contact just told me:
- that CNR built a new road from the main regional road to the place where the new plant will be located in a land they call Villa Fabiola. It is not have tarmac, but material is very hard.
-they have not done the road to diver the traffic from the village.

Regards
B.

[tester2020] 02/3/2021 13:54

Thanks b5 - Was just interested to hear of any progress there.. looks like the 3-4 months could become 5-6 months if there are roads still to be constructed etc.. although 800 metres of road shouldnt be too onerous.. its actually a very good reason why we should like this project - very close to decent roads and an electricity supply etc..

Again - Lycopodium is who we think the EPCM contract might get awarded to, to build the plant itself. They build 3-4 mines globally every year, so they are world leaders in constructing gold mines.. a very good sign that everything is being done properly..

In the meantime, another announcement on drilling Real de La Cruz wouldnt hurt the market perception of CNR either..

regards,
T2020

[book5] 02/3/2021 13:39

HI tester
I have just spoken to local guy that work on the cooperative land.
He has said:
Last month they did topographic surveys to build the roads, however they have not started building them yet.
They have hired people to plant trees.
In regards to cleaning the land, my main contact told me before that cnr had cleaned some areas where the plant will be built, and some fields but I dont know more details, I need to speak to him again. I will let you know what he says.
regards
B.

[book5] 02/3/2021 13:23

Hi Tester
I have asked about the connection to main road.
I will chat with them
Thanks and regards
B

[tester2020] 02/3/2021 12:37

Book5 - In mid - december, Condor said they had commenced initial site preparation on all the main components for the plant construction site and that this would be complete in around 3-4 months..

"The initial site preparation includes ground clearance of trees and scrubs, clearing 11.26 hectares of land, and 790 meters of roads are being constructed. The areas being cleared include the construction of a main plant access road from a regional paved highway to the processing plant facility, in-plant roads and a bypass road to minimise traffic through a nearby village. The initial site
preparation includes a laydown area for the processing plant equipment, the location of the stockpile area, the processing plant location and warehouses. The site clearance and construction of two viewing areas over the plant location has been completed. The initial stage of site preparation will use local Nicaraguan firms and local labour thereby creating jobs in the local communities.

Clearing activities will replace trees on a 10 to 1 basis supported by Condor’s tree nursery, which has approximately 7,000 trees; useable wood will either be repurposed or distributed as cooking fuel for local families. Any topsoil will be stockpiled and retained for future use.

A second, more comprehensive stage of site preparation will follow, which will include geotechnical drilling on the location of the SAG or Ball Mill and key infrastructure. It will include deep foundation excavation for the location of the processing plant, offices, accommodation, warehouses etc and will be extended to the tailings storage facility, water retention dam, explosive magazine, offices,
accommodation, internal roads and preparation of a berm. It will also include surface water diversion channels, drainage piping and placement of structural concrete. The majority of the designs and detailed engineering in the second stage will be conducted by reputable international firms to both local and international standards."

I guess my question being - How is all this work being perceived locally? Is it progressing at speed that would indicate that the first stage will be completed soon? A name for your contacts to listen out for is "Lycopodium" - anyone there from that company would indicated that stage 2 is ready to be announced..

regards
T2020

[tester2020] 02/3/2021 11:12

DB - Yes, interesting that MC has said he will be looking for a COO to pick up the mantle on managing the build and operational phase of the plant when that starts to happen later this year.. He needs to pass on the baton I think! He will stay as CEO to oversee financing etc..

I think Cacao could be a real company changer for CNR if they can hit some bonanza grades and discover another La India across the road from the existing resource.. another 1M to 1.5M of high grade ounces.. Its going to take a lot of drilling though. They need cashflow to fund all that exploration which is hopefully where toll milling could come in, before the plant is built and producing cashflow on its own..

regards
T2020

[book5] 02/3/2021 11:07

Dear MC
Could you pls try to convince the market you will be able to solve the land issue.
U already know the price tag, So what are u doing about it?

[diggybee] 02/3/2021 10:47

Labour of love for mc. I hope he has an alternative income stream. Must be reaching the end of his tether.

[book5] 01/3/2021 18:42

The good thing is that the market knows about the land difficulties, and that two majors shareholder are selling, however, so far, it is absorving the paper relatively well.
Common MC give details to the market so that it assess the risk. Hopefully if it sees the picture as it is the share price will go up.

[book5] 01/3/2021 16:40

Tester

Regarding:
I guess my concern is that the company cant have the cooperative miners working on (tunnelling underneath) land that they may be wanting to use either for toll milling or for initial production i.e the high grade starter pits on La India, Mestiza and America..

We will know more when Explotec goes to exposed the veins, in particular how close they get to the cooperative land.
I will ask how many tunels are there。i know of a natural cave call the avispero, no sure how big/deep it is.

Regards
B.

[book5] 01/3/2021 15:46

Ross Beaty has carried on selling from 5579512 on 2nd feb to 4786656 at the time of writting rns.
He is the one selling as soon as good news come.

[book5] 01/3/2021 15:37

Rns out, today the new shares have started trading

[book5] 01/3/2021 13:44

Hi Tester
I did not get any reply, Never mind, drilling la mestiza gives us more info to find a solution.
Looking forward for next week presentation and final year results soon.

[tester2020] 01/3/2021 13:30

Book5 - I guess my concern is that the company cant have the cooperative miners working on (tunnelling underneath) land that they may be wanting to use either for toll milling or for initial production i.e the high grade starter pits on La India, Mestiza and America..

If they can assign some nearby land to the associates that is out with those pit areas and wont interfere with any ongoing work, then thats all well and good to me!

Did you get any reply from MC to your email suggestions yet?

regards
T2020

[book5] 01/3/2021 12:08

Tester
U are wellcome
Cooperative land may contain btw 125k to 200k oz in open pit
But miners would extract less by.tunneling as they only reach say 35 to 70m depth
They want land and some money too....but are more interested in the land
All will be negotiated

[zangdook] 01/3/2021 12:04

Rather than give the miners a bit of land full of gold which we could presumably extract much more efficiently, why not give them all a pension and some shares? That way they have both income and a potential bonus if the company does well, plus the company gets a lot of future goodwill. On paper it would probably look like a lot of money, but in real terms, once the mine gets going, it wouldn't be much.

It's not hard to hand out fistfuls of warrants to people, why not bring the locals onside with some shares too?

[tester2020] 01/3/2021 11:44

Book5 - Thanks for the update - Im very glad to see Condor drilling so actively again, its been far too long for a junior explorer not to have been drilling to improve its resources.. my main thought when gold started to rise again over the past year was that Condor needs to go big or go home.. go for a bigger resource at 5Moz and go for the highest tonnes per day mill capacity it can get to produce 200koz+ per year.. yes it will cost more initially but it will also be worth a heckuva lot more to mid-tiers or majors like Rio Tinto etc.. a 5Moz resource x 200koz per year gives a mine life of 25 years.. thats what these guys are looking for in M+A..

Id like to think that Jim Mellon is in agreement with me - thats why he has put another £2M up to make it happen!

regards
T2020

[1airbag] 01/3/2021 11:06

Jim Mellons only chance of being able to get his money out of this one is:

1] sale to another
2] to go to production

If they have 5,000,000 Oz gold in the ground, the value of that, even at $1700 an Oz less cost to extract, at $700 per Oz, is $5 billion. Our market Cap is less than £60m.

[zangdook] 01/3/2021 10:49

The first step? They've been working towards it for fifteen years.

[book5] 01/3/2021 10:03

A Rns of more drilling should be coming this or next week, why?

According to my main contact:
-this week Rodio is transporting drilling equipment to start soon in Mestiza! Imho this would be Excellente.....lets find land for the miners that contain similar oz to the land they are giving to us, but that is at one end of our main three pits. Or lets identify land we could lend to them for two years till we find other suitable location for the miners.

-Kluane has won a drilling contract for Real de la Cruz, and also in Quebrada Honda, and Mangas. I am not sure to what sector these two last areas belong to, may be to Cacao or Real de la Cruz?

Imho More drilling , is the key to solve land issue and increase reserves.

Good rumors, they need to be confirmed by rns though .....

Lots of activities on the ground.

Gla

[book5] 28/2/2021 16:47

We are drilling our main resource at the India.
It makes sense to drill la mestiza too.

I hope we lease some of our land to the miners till we buy some land for them somewhere.

There is peace in the village, this is very important.
Exciting times
Gla

[book5] 28/2/2021 16:46

We are drilling our main resource at the India.
It makes sense to drill la mestiza too.

[aleoap] 27/2/2021 23:41

Good interview on Kitco News via YouTube with Michael Gentile. Particularly liked the middle segment where he outlines the 6 key points he looks for in a junior miner under $100 - $150m and I believe we have a strong case in CNR to satisfy those criteria. Once CNR achieve 100% ownership of land I will be significantly adding to my position. The current sentiment that gold is going lower here is a positive indicator for me. I believe very shortly we will see it do the opposite. Gold continuing to go down when many other commodities e.g. coffee, soybeans, timber, copper are breaking out is non-sensical, although manipulation is manipulation I suppose..