Georgian Mining Share Discussion Threads

[richgit] 30/1/2017 19:58

sleveen.

I think you are overlooking that at this point they are just modelling the numbercrunching of suitable resources for the "Cash Cow"
project and nothing more !!! so maybe a mistake to jump to such off the cuff conclusions.



My interest in GEO is whether they may yet get chance to prove they have those
6 Million ounces of Gold along with all else,as Gold could be more valuable than all else in a few years.

I daresay by 2018 money will be thrown with abondon at Prospectors with Gold anything -
yet this in not 2018,so many like GEO have to find ways to keep the lights on and investors focused
-until then.

So far I think it reasonable to say that for the cash Cow potential-an initial JORC-compliant mineral
resource of 3+ MT for this operation ,is looking very doable from Todays results,with more to come-
and then more to come.

The Gold is a lttle more complicated to work out as there is more to it than
a quick glib assumption of circa 5000 ounces,yet no doubt that will be made clearer to all.
With some confidence of overall Gold at 1g per tonne which would be circa 125,000 ounces at 3.5 MT
along with all that Copper.

Hopefully we are looking at a very reasonable "cash cow" to add to what I believe will be a hugely more receptive Market towards explorers in 2018-19 all gagging to finance most -Gold /Silver anything- related explorers

One thing is for sure,you don`t discover $Billions in Gold unless the drills
get financed.

[sleveen] 30/1/2017 13:06

effiert

7000 tonnes Cu.

WTI produce almost that much each quarter.

PMSL.

[redtrend] 30/1/2017 13:04

So there will be dilution as many knew - "minimising dilution" is not the same as "minimal dilution".

Funny considering I raised this very issue a week ago and you stated as fact "funded till production is from the horses mouth" and that I should "do my research". So were you misleading people here or did the "horse's mouth" mislead you?

And still you erroneously quote copper spot rates applying only a 20% reduction when GEO would receive only a fraction of copper spot, IF they ever go into production. In any event, all the JORC for copper that could potentially be economic are in the "inferred". Pretty meaningless, still no estimated date for production and no way of knowing whether the project is commercially viable or not until it is at the very least an "indicated" resource and a DFS or equivalent analysis with robust costs of both production and sales. If it ever reaches that benchmark and hope it does, may consider investing again.

SP movement today says it all really

[iloveit] 30/1/2017 12:52

Greg has done it again ? today's RNS has shafted Investors hopes ...He knows all along that teasing news and production updates rns are just self funding the company.No production again ! Why is this happening? Promises of production ... will he get this multibagging as expected?Surely in his interest 50p a share is the answer to getting rich ?Let's see if trades come back in today.

[effiert] 30/1/2017 12:11

its about the copper you fool.. GOLD is a side line

[sleveen] 30/1/2017 12:05

4000 oz gold

[sleveen] 30/1/2017 12:02

...an optimised in-pit mineable Mineral Resource estimate of 702,000 tonnes at 0.99% Cu and 0.17g/t Au...

I make that around 4000 oz gold.

let me know when there's a couple of zeros added to that figure.

[heat wave] 30/1/2017 07:52

Commercial find

Mcap 30m now will become 200m+ soon. Resource upgrade too is coming

NAV 300m

Asset €2.7bn


Ascent Resources plc



("Ascent" or the "Company")



Result of Pg-10 Flow Test



The Board of Ascent is delighted to report that the flow test at Pg-10 has been successfully completed and the results have exceeded management's expectations.



The maximum stabilised flow rate was 8.8 million standard cubic feet of gas per day ("MMscfd") which is in line with the rates measured when the well was initially tested for a short period in 2011 and is significantly above the minimum commitments required under the gas sales agreement with INA.



Over the course of the past three days we have carried out a series of tests which will significantly increase our understanding of the well and the gas reservoirs.



Well Pg10 is a vertical well with an 'S' deviation, which was drilled to a total depth of 3,497 metres. The well targets the 'F' sand at 3,125 to 3,175 metres. The stabilised flow rate achieved on a 12mm choke was 249,064 cubic metres per day or 8.8 MMscfd per day. Over the course of the 56 hour test the well was open for a total of 37 hours. The well produced total gas of 295,387 cubic metres (10,431,595 cubic feet) along with 28,250 litres of water and 2,930 litres of condensate. The average flowing well head pressure was 271 barg (3,930 psi absolute).



Colin Hutchinson, CEO, commented:



"We are extremely pleased with the results from the Pg-10 test and we look forward to bringing gas to market in the near future."

[effiert] 30/1/2017 07:39

GMC Managing Director Greg Kuenzel said, "We are successfully implementing our strategy to develop mineral resources at KB suitable for processing at the neighbouring Madneuli plants to generate positive and sustainable cash flow. This cash flow will allow us to fund future exploration and development to uncover the full mineral potential of KB and our entire Bolnisi JV property while minimising shareholder dilution.

[effiert] 30/1/2017 07:39

GMC Managing Director Greg Kuenzel said, "We are successfully implementing our strategy to develop mineral resources at KB suitable for processing at the neighbouring Madneuli plants to generate positive and sustainable cash flow. This cash flow will allow us to fund future exploration and development to uncover the full mineral potential of KB and our entire Bolnisi JV property while minimising shareholder dilution.

[effiert] 30/1/2017 07:38

and look to be self funding with minimal dilution

[effiert] 30/1/2017 07:38

#GEO have proven up the first year of resource which wall generate
7000t x $5700t / 1.2 = £33m (copper)
1000 (kg) x £30,000/kg = £30m (gold)

Even a 15% margin on that is a PE of less than 1....

[effiert] 30/1/2017 07:37

#GEO have proven up the first year of resource which wall generate
7000t x $5700t / 1.2 = £33m (copper)
1000 (kg) x £30,000/kg = £30m (gold)

Even a 15% margin on that is a PE of less than 1....

[shavian] 29/1/2017 22:46

Your were right. 8p was the bottom. Trying to re-start a decent thread on GEO to sideline all the foul stuff on the other one.

[shavian] 24/1/2017 19:59

Will somebody please start an alternative thread so we do not have to put up with all this?

[effiert] 24/1/2017 15:14

haha fission the resident potless gypo.

How much money you lost in TLOU, PXOG, COPL etc... recently?

[defcon3] 24/1/2017 14:21

Lol Eiffert. Your response in #93 is such a well thought out, adult like remark. Well done.

[effiert] 24/1/2017 14:02

fission the resident gypsy who has no money.

another one for the dole office

[effiert] 24/1/2017 13:00

Defcon lets ignore the heavy buying earlier and over the last week though shall we

[defcon3] 24/1/2017 12:58

Some heavy selling going on. Round number sells, and lots of them