Galantas Gold Share Discussion Threads

[mineng] 07/9/2023 08:47

Lurker

Whilst not a feasibility, there is an insight into Micon's thoughts on the matter in the Technical Report, which I found interesting.

"In accordance with the recommendation of the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines 2016 a Mineable Shape Optimiser (MSO) was used to identify spatially continuous mineralization within potentially mineable shapes using reasonable assumptions based on the current operation and long-term price trends. For the MSO a minimum stope width of 1.2 m optimised to a cut-off of 2.25 g/t Au was used. Economic parameters for cut-off
grade determination include: US$1,800 oz Au price, 92% process recovery, 90% payability, 4% royalty, US$120 t mining cost, US$30.72 t processing cost, US$13 t general and administration"

[lurker5] 07/9/2023 07:52

Isn't there a 'mining plan' due ? At least that would give a clue.

[panagos] 06/9/2023 16:23

lurker thats a blast from the past... lol you still here?

[lurker5] 04/9/2023 06:23

Where is the updated feasibilty study ? A resource statement is useless by itself. Wouldn't be surprised if Sprott et al weren't becoming just a little fidgity.

[nomolos1] 29/8/2023 20:05

That's a long slog - I held JLP for 10 years suffering multiple placements and frustrations and eventually sold out for a 1000% gain - good luck

[panagos] 29/8/2023 19:33

sure... itsvery low probability of junior finding economic ore body... but we still have Beaty, Sprott etc... who are grand daddies of precious metals exploration, so there still hope

[loganair] 29/8/2023 19:31

pan - I would say more like 95% of juniors.

Another thing juniors do, is they seem to want to keep on exploring to put out bigger and bigger reserves instead on concentrating on the first reserve and start getting it out of the ground to provide and income stream to pay for further exploration is a far better way of building up reserves.

[panagos] 29/8/2023 18:55

I, will tell you why.. noone gives them much money at IPO because junior exploration odds is lotery style odds.And they dream huge hits that will enable them to issue paper at higher and higher prices...But 90% of juniors, end up at sub 10c stocks with billions, of shares and do a roll back 1 to 1 and wash rinse repeat.

[loganair] 29/8/2023 18:52

I've never understood why junior commodity exploration companies do not raise enough money at IPO to be able to at least start getting the said commodity out of the ground and providing an income, instead they seem to raise enough for the first year of exploration then have to keep coming back year after year for more money in the end leading to billions of shares being issued at a fraction of the IPO price.

[panagos] 29/8/2023 17:22

i have been duluted here since 2015. hope i am wrong though

[nomolos1] 29/8/2023 13:28

If you'd read the accounts you'd see they have 1.5M in accounts receivable and have extended their loan refinancing to beyond December, but you know...

[nomolos1] 29/8/2023 10:55

Nice hit - market has ignored it, I'll take some more

[loganair] 10/8/2023 15:35

8.4g/t AU at the Joshau Vein and 1.23% Copper at their Gairloch project are both very high grades, especially as most new copper projects are around the 0.5%.

[mineng] 01/8/2023 12:29

Not the way I read it.

[bmw30csl] 30/7/2023 11:41

They are going to use the money to prove it up then take it for themselves when it is set up for proper mining

[panagos] 27/7/2023 11:18

no one cares

[mineng] 27/7/2023 08:30

Another nice core coming out of Scotland.
They could be onto something sweet.

[bahamasoil] 23/7/2023 13:24

Following the Scottish drilling results, this article mentions Galantas.

[bageo] 29/4/2023 20:34

Annual Results published in Canada (28th April) - no UK announcement that I can see

[lurker5] 19/4/2023 16:37

Having flagged up Galantas' Cavanacaw project for what looked, some time ago, as likely to be truly profitable for shareholders, am I the only one to be becoming exasperated by Stifano's trumpeting of peripheral exploration, instead of concentrating on getting Cavanacaw up, running, and generating some profits ? Smacks of some sort of desperation.

[lurker5] 14/4/2023 15:33

Musht be Shome mishtake !

[bahamasoil] 14/4/2023 15:29

No corresponding increase in Canada or news that I can see on the website apart from a tweet confirming Ross Beatty increasing his interest.


Edit
Trades 9 and 13 were made at 15:22 and 15:25, both for 2500 shares at 45p. ADVFN show them as both being buys but I guess the second trade was a sell or cancellation.