Condor Gold Share Discussion Threads

[book5] 09/3/2021 23:03

Great news more gold than expected. I believe this will provide more options to settle the land with the cooperative.
The workers at mina el limon are saying they dont know when the new machines ( to expose the veins) for mina la india will arrive .. There are rumours condor will own these machines, and that The haulage of material without gold will be subcontracted

[tester2020] 09/3/2021 20:08

MC heading back to Nicaragua via Panama at the moment - hope he has remembered his chequebook to buy some land.. anyway, his comments on the drilling results are below..



One significance of the extra 2.3g/t material they didnt know about is that it reduces the waste rock strip ratio.. i.e the high grade scenario of 4.5 to 1 of waste to ore bearing rock can be reduced, making the starter pit even more economic to mine.. i.e perhaps 65koz of gold produced for the same total tonnage processed instead of the original 60koz target.. if they are making $1000 an ounce profit, that can quickly add up to a lot of money :-)

regards
T2020

[quark3] 09/3/2021 15:54

It would be worthwhile reading up on the expected gold concentrations from the company's own website. Then DYOR into typical g/ton economics for other gold miners.
Then come back on here and we will listen to your opinion. Until then....

[smithie6] 09/3/2021 15:10

2 g/t

uf, bit like trying to find a needle in a haystack trying to extract that tiny amount !

& you have to pay for the extraction process & staff etc etc

I hope it works out for holders but so far it seems a bit woolly or badly organised or unclear, such as not owning all the land
...& some posts I think said that the richest vein was in the land not owned !

[tester2020] 09/3/2021 14:14

888 - Its become clear to me that the market will only recognise CNR's true value (too late imho) when the project financing option is sorted and any equity dilution becomes known.. and of course a construction decision is made.. im expecting to hear more about an EPCM contract award to lycopodium or similar fairly soon too.. again another indicator to the market that this is going to be built professionally..

From the PFS, the market is expecting $120M capex on a traditional 70/30 debt to equity ratio, i.e $36M of equity raise required from CNR (vs $84M debt) which would be c.50M shares being issued, diluting existing shareholders by about 35%.. so no one wants to buy at 45p when they think their shares could only be worth 30p.. so they will wait until financing is announced before (they hope) buying shares at 30p..

I believe this will be proven wrong though.. any dilution (if any... ooh controversial) will be much less than this.. so the market is wrongly discounting CNR shares atm.. I think Calibre are also trying to strong arm CNR by not signing a toll deal and providing them with cashflow for the equity portion of the plant purchase, reducing the dilution required.. they would rather buy the resource on the cheap..

regards,
T2020

[888icb] 09/3/2021 12:44

I have no doubt CNR’s time will come and I have been in since the start with a decent holding. I accumulated more mostly last year when I moved as much as I could into my wife’s and my ISA’s. Like you I will move more into my ISA post April 6th.
It’s just a little frustrating that the market won’t recognise our true value which is probably why we are drilling to prove up the gold reserve because a bidder will understand and recognise it in the amount of their offer.

[tester2020] 09/3/2021 12:24

888ICB - CNR's time will come.. till then I am watching, waiting and accumulating.. :-) I'm actually really hoping we dont get another RNS till after 6th April now.. another chance to add these to ISA/SIPP wrappers at rock bottom bargain prices.. book5, have a word with them over there would you and tell them to hold off signing anything for another 3 weeks please?! :-D :-D :-D

regards
T2020

[888icb] 09/3/2021 11:31

An RNS like this mornings would have the shares of any other gold explorer flying. It is giving clear evidence that we will prove at least the extra 1 million ozs that is the target. There is every reason to believe the proven figure will be well over 3 million ozs and no one will be in any doubt that Condor have a 5 million+ oz gold district. This will be a massive increase in the value of Condors proven reserves.
However the market reaction is Up 3.3% from 10 trades and tiny volume of 36000. It must be really depressing for Mark to get so little reaction to such positive news which will keep landing probably every 2 weeks for some months.

[tester2020] 09/3/2021 10:02

Smithie6 - funniest CNR comment I have ever seen on these bulletin boards, many thanks for cheering up my lockdown..

"(the sluicing process that I've seen on TV looks pretty inefficient imo)"

regards,
T2020

[book5] 09/3/2021 09:49

That is selective reporting.
Are u short?
Lol

[smithie6] 09/3/2021 09:23

2.27g/t
2.05g/t

1) how much does it cost per tonne (in equivalent of grammes of gold) to obtain the 'pay dirt' before processing it ?

2) how much does it cost per tonne (in equivalent of grammes of gold) to obtain the gold out of this 'pay dirt' ?

3) what is the efficiency for getting the gold out of the pay dirt ?
(60%, 80%, 98% )
(the sluicing process that I've seen on TV looks pretty inefficient imo)

-----

adding up these factors would extraction be profitable ?!

[888icb] 09/3/2021 08:42

This mornings RNS is very good news from just 2 assays and one can be confident that the target figures for this drilling campaign will prove to be conservative.
Mark Child, Chairman and CEO commented:



"I am delighted with the initial drill assay result of 9.6 m true width at 3.98 g/t gold from surface in drill hole LIDC404 as it confirms the geological model of a wide zone of high grade ore in the La India Starter pit, which is within the fully permitted main La India open pit mineral reserve. The discovery of an additional vein of 2.9 m true width at 2.27 g/t gold from 24.15 m drill depth in the same drill hole is an added bonus and is likely to add mineralised material to the mine plan. LIDC404 has an amalgamated drill intercept from 1.20 m to 27.15 m drill depth of 24.15m (23.6 m true width) at 2.05 g/t gold, which includes a 1.8 m mine cavity. Mining this area is likely to focus on putting the high grade material through the future processing plant and stock piling or blending the lower grade material with higher grade material from elsewhere. Only 2 drill assay results have been received from 25 drill holes on the Northern Starter Pit for a combined 1,273 m of infill and RC replacement drilling completed so far in the La India Starter Pits. Approximately 2,200 m drilling remains to be completed of the current drill programme."

[book5] 09/3/2021 08:23

we should have more results coming every one to two weeks

[book5] 09/3/2021 07:39

Rns: infill drilling initial results from 2 assays.
Probably first 9 cores where from coop land to depth of 70m.
More gold than expected in first 35 m?.
Hopefully these results will help to start land negotiations with cooperative soon.

As expected it seems it takes 2 to 3 months to get lab results.

[1airbag] 09/3/2021 07:07

RNS is out but I spotted a mistake

"Discovery of an Additional Vein of 2.27 m True Width at 3.0 g/t gold from 24.15 m drill depth in the footwall"

IS NOT THE SAME AS

"Discovery of an additional vein of 2.9 m true width at 2.27 g/t gold from 24.15 m drill depth in the footwall"

This is very poor clerical error and just adds to the frustration. They need to check these things before they announce them to the world. It is not good enough if I can spot this in 3 mins of reading.

[diggybee] 09/3/2021 05:17

Need 100% of the land. That's the main priority for the share price I think.

[book5] 08/3/2021 17:13

From today presentation pdf document

Potential Early Cashflow:
• Technical studies being completed to enter production
earlier via mining high grade mini pits within the
permitted pit and possibly toll refining at nearby
processing plants

Short term objectives
1. Acquire remaining 5% of land surface rights
2. In-fill Drilling on La India open pit – 4,000m announced- 2 drill rigs on site
3. 5,000m drilling underway on 4km Cacao-Santa Barbara vein
4. In-fill Drilling on high grade Mestiza open pit –
5. Place deposit on a processing plant
6. Advance engineering studies
7. Site preparation on 11 hectares has commenced and will be expanded

Point 4 above shows the rumour was right. Rumour was drilling equipment has already started to be sent to mestiza and will start drilling soon. Other rumour: there are some delays at drilling at the India while drilling through previous tunnels, this may delay the start at the Mestiza.

I will ask to Explotect engineer for un update about the new machines for la India.

What it is the % of completion for the Fully engineering Surface Water Management System?

[zangdook] 08/3/2021 15:03

If I had £14.75 I'd sooner spend it on some more CNR thanks.

[melloteam] 08/3/2021 14:16

Just to let shareholders and prospective investors know that following the popularity of the first #MelloTuesday, Investing in Gold event, we are delighted to announce that we are running a follow up event, Investing in Gold and Mining on Tuesday 16th March at 6pm-9:30pm. Use code MTGold70 for 70% off tickets!
The webinar will include how to invest in Gold & Mining, covering everything from buying gold coins and bars through to stakes in gold producers paying regular dividends. We will also cover ETFs, gold indexes, gold exploration & mining companies and investment funds, featuring a number of presentations. The webinar will provide a broad range with a panel session to cover all these options and assessing the risks and opportunities now open to investors. We have a fantastic line up of company presentations from Condor Gold, Taseko Mining and Caledonia Mining.

[quark3] 08/3/2021 11:02

Gordon - go and pump your shares elsewhere, thanks.

[gordan ghetto] 08/3/2021 10:54

ANA is the best cannabis stock out there.

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5p+

[connect5] 06/3/2021 18:00

From a friend of mine on the other 'BB'.
I've joined a new forum on discord a penny share wiki forum where like minded investors promote opportunity's to others. Many mining stocks are listed but not Condor Gold which I have promoted and sent an introduction positives and negatives. Had to cut back a bit as only 2000 characters were allowed but would think those on here with valuable input will help to be able to spread the word of Condor.

To join you can only do so by invite. So consider yourselves invited and Condor will have its own mini forum in the mining section once my introduction has been accepted.
hxxps://discord.gg/DMgmKRy7
ATB & GLA as always!