Galantas Gold Share Discussion Threads

[bageo] 21/5/2019 20:11

Concentrate grade is influenced by the diluted ore grade, as well as the mineral chemistry. I'd therefore expect a higher grade concentrate than the previous open pit figures above.
These first few months with development ore I'd be expecting lower grade than the reserve grade. It should rise over time.

What is important - augustus this answers your point - Roland in the interview said forecasts will be made - when they reach the 4th development level (and hence have more consistent closer to RoM production)

[robertslj] 21/5/2019 15:31

Update from Roland on Proactive Investors: hxxps://youtu.be/5hXAqPjMl58

[augustusgloop] 21/5/2019 10:14

The market cap is indeed a bit high based on those numbers.

But its purely a punt - total guesswork if the company can actually make a profit.

There is no information available to even make a ball-park figure guesstimate of total yearly costs when in production.

[bahamasoil] 21/5/2019 08:35

Whilst past results cannot be relied upon, they can give us a guide
Production Highlights
Production at the Omagh mine for the year ended December 31, 2013 is summarized below:



Year Ended December 31, 2013
Year Ended December 31, 2012


Tonnes Milled
40,711
44,112



Average Grade g/t gold
1.0
2.3



Concentrate Dry Tonnes
499
1,008



Concentrate Gold Grade g/t
84.1
100.9



Gold Produced (oz)
1,349
3,271



Gold Produced (kg)
41.9
101.7



Concentrate Silver Grade g/t
163.5
227.6



Silver Produced (oz)
2,622
7,379



Silver Produced (kg)
81.5
229.5



Lead Produced tonnes
36.3
61.4



Gold Equivalent (oz)
1,448
3,507



As you say Nobby market cap is ridiculous.

[nobbygnome] 21/5/2019 07:29

Yes it's all about ramping up the concentrate production and that seems to be progressing well. With the amount of gold in the ground the market cap here is ridiculous!

[bageo] 21/5/2019 07:24

Quarterlies haven't been particularly relevant recently whilst awaiting commercial production but todays make a positive comment on the ramp up

"Three shipments of approximately seventy five tonnes of concentrate have been shipped, with a further 25 tonnes expected to ship shortly." (to Ocean Partners)

[willib2] 30/4/2019 17:20

Arf, have you noticed Gobbygnome is back on the Deltex thread after he deserted it following all the ramping that backfired. Must be about a 5 year gap.

[willib2] 30/4/2019 17:12

Arf, so does Panagos

[arf dysg] 30/4/2019 16:42

Hello, Nobbygnome and The Count. Is this where you hang out these days?

[robertslj] 29/4/2019 23:37

Thanks BahamasOil. In the meanwhile it looks like we can buy at 4.67p. Topped up at this price a few days back (with price below mid this looked like a sell). Like you expecting this to firm steadily as results support the management's narrative.

[bahamasoil] 29/4/2019 12:44

First quarter results will be due end of May when I would expect production figures to reflect the mill restart and the twenty five tonnes of concentrate shipped in November.

[robertslj] 29/4/2019 11:51

Very quiet here with a flat share price What do folks think is needed to spark some interest and share price movement?

[leeroy jenkins] 24/4/2019 08:00

View Galantas Gold's talk at The Global Group UK Investor Show:

[augustusgloop] 22/4/2019 22:22

Roxgold are quite a large producer and they do indeed have low costs = $900 per ounce (excluding finance).

That is still 78% larger than what you are claiming for Galantas.

-----------

As I said, $500 per ounce costs = too good to be true

[bageo] 22/4/2019 20:30

Compare with a high grade underground mine - say Roxgold
not most (West) African open pit, low grade, with huge stripping ratios
which do tend to have high production costs.

[panagos] 21/4/2019 18:43

$500 production cost sounds pretty good to me.

[bahamasoil] 21/4/2019 15:46

augustus > you asked How much gold will be produced? When will it be produced? What will it cost to produce? Post 3461 refers Past performance will hopefully be surpassed if we get anywhere near the 2014 Plan
17.15.6 DAILY AND ANNUAL ORE PRODUCTION
Annual mine production is expected to peak at 225,000 tonnes per annum. To mine 35,000 to 40,000 equivalent gold ounces per annum the mined grade at full capacity must exceed 5.0 g/t.
Table 48 (below) displays the annual and daily production rates require to meet the LOM plan.



Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
AVERAGE


Annual Ore Production (t)
51,711
168,299
224,383
203,880
195,672
102,437
157,730


Monthly Ore Production (t)
4,309
14,025
18,699
16,990
16,306
8,536
13,144


Daily Ore Production (t)
198
644
858
780
748
392
603


Ore Mined Grade (g/t)
5.8
5.2
5.0
5.3
5.6
6.4
5.4


Mined Ounces
9,622
28,026
36,411
34,568
35,531
21,098
27,542

[bageo] 21/4/2019 07:40

Actuals will be released - sub 500 production cost was mentioned by Roland.

At this stage of ramp up producing from development ore then looking at other companies it isn't usual to give detailed costs. Development is usually capitalised and income from concentrate maybe offset against this.

Once commercial production occurs - costs can be given.

Roland was clear that the costs are tracking well against the 2014 study.

The presentation should be added to the website and the video linked. This will help people.

[augustusgloop] 21/4/2019 00:38

Nobby,

the trouble is - you have to take it on trust.

We have not been given the numerical predictions to check it for ourselves.

Are the numbers so good that they don't want to release them?
Usually it is the opposite that applies.

I keep looking in with hope.
But can't invest on vague implications.

How much gold will be produced?
When will it be produced?
What will it cost to produce?

Not unreasonable questions to ask before investing in an AIM gold miner!

[nobbygnome] 20/4/2019 20:59

>> augustus

You are such a cup half empty person..... If the current plan comes to pass there is no requirement for more cash. Yes we all know plans can be derailed but I for one believe Roland is genuine in what he says!

[augustusgloop] 20/4/2019 17:15

nobbygnome

nearly every placing is preceded by a director saying that no more placings are needed.

If no placing is needed - then there is no need to make the statement.

It is similar to when football managers get a vote of confidence from the board.

[bahamasoil] 20/4/2019 16:28

A great message

I was hoping to see the slides on the website for detail

[nobbygnome] 20/4/2019 16:12

How on earth is this company only valued at £14 million. Roland even said there should be no more placings so there isn't even the risk of that to weigh on the sharenprice. Completely ridiculous....