Georgian Min. Share Discussion Threads

[yorgi] 06/4/2016 07:18

Moving ahead nicely on news that we are moving forwards :-)

[4sta] 04/4/2016 08:48

Spread on this share is ridiculous.

[ryan83] 30/3/2016 11:23

yorgi there are some huge resources that NMG have access to.

[yorgi] 30/3/2016 10:51

Moving steadily in the right direction :-)

[littlemadam] 27/3/2016 17:07

I agree, I have keot adding at .12

[ryan83] 24/3/2016 13:59

Well noirua I have places my bets here, grabbed a load at a touch under 0.12. I think we will all be pleasantly surprised here!

[onceatrader] 24/3/2016 12:22

AIM Morning Risers: Independent Resources plc, Noricum Gold Ltd, Union Jack ...

[iloveit] 23/3/2016 09:22

Just teasing of the recent surge up .Should see a turn back up once these little sells stop .Good for mms as spread will close for buying frenzy on nxt positive RNS.

[noirua] 21/3/2016 10:52

The big factor is the outcome of present drilling and whether it confirms results from the 1980s and signs of widening the development. Noricum will be paid for deliveries depending on grade and paid for by their partner who has an interest in NMG.

[littlemadam] 21/3/2016 09:46

Yes, not even cool!
I hold and believe this will rise without ramping over the coming months.
Interesting volume & trades though, considering this can be quiet for days.

[juju44] 21/3/2016 09:07

Nothing like a nice cool ramp

[iloveit] 21/3/2016 08:58

It's moving up as investors getting in on the upside now.Gold being produced shortly as shrewd investors tuck in before this could hit massive highs .What price this can hit on first signs of production could be explosive ,maybe 1.5p achievable very quickly.Certainly one of the most talked about mining stock that is being lit up nicely.I for one don't wish to miss the upsides here if it happens.

[ryan83] 17/3/2016 09:55

sleveen, I guess thats why they are looking at starter pits first, get money coming in to feed the financial commitment..............funded to commence production at the starter pits.

[sleveen] 14/3/2016 09:32

From the interims results:

We have a commitment to spend US$6 million over two years. At this point CMG will either contribute to the ongoing operations or have its interest diluted. With this in mind, the Company's activities will ultimately be focused on capitalising upon Bolnisi's near term production potential.


$6m = £4m approx.


£1m raised via placing in Jan 16, only another £3m/$4.5m to raise via placings.

Number of shares in issue to double?

[sleveen] 14/3/2016 09:31

From the interims results:

We have a commitment to spend US$6 million over two years. At this point CMG will either contribute to the ongoing operations or have its interest diluted. With this in mind, the Company's activities will ultimately be focused on capitalising upon Bolnisi's near term production potential.


$6m = £4m approx.


£1m raised via placing in Jan 16, only another £3m/$4.5m to raise via placings.

Number of shares in issue to double?

[sleveen] 10/3/2016 11:20

...Big RNS out today and what I can see is that gold has been found and is ready to be dug out...


you might love it, bit you don't have a grasp of the finer points of mining.

Bit more to it than hiring a JCB and digging up gold nuggets.

[noirua] 09/3/2016 12:28

The 5m shares block seller is still persistently unloading. Probably paid 0.08p and happy to reduce exposure at a profit around 30% plus. Will have to be patient.

[yorgi] 09/3/2016 12:12

Sounds fair enough to me Noirua but without doubt we should be looking at a higher share price than where we are now in my opinion.

POG now around $1250........could we be looking at $1400 maybe $1500 by the time we move into production. Quite possible, I believe the POG is going higher through the year.

[noirua] 09/3/2016 10:36

[ Revenue would be nearer $30m - $40m with gold averaging $1,200/oz over two years for each starter pit.]
Might be possible to pay a dividend from 0.15p to 0.3p a share - no doubt looking on the bright side, in two years time.
My guess, but a present share price of 0.3p seems justified and 1p - 1.5p a reasonable long term target.

The gold price is always the big unknown, as is copper. Both more cheery of late.

No sign of EK yet though surely the big financial gambler must have spotted it. Friend TW is quiet.

[sleveen] 09/3/2016 10:18

littlemadam

You can be sure it is phrased exactly as it was meant to be phrased.

Earlier in the RNS it states " first production" ie small amounts, it will take 6months to build up to full scale production as the plant will need significant tweaking as is normal with other small gold producers ramping up production to nameplate capacity.

[noirua] 09/3/2016 10:09

Taking these broad-strokes estimates into account and using $1,000/oz. gold price, an attributable margin of between $100-200 per contained oz. of gold in ore seems a reasonable earnings estimate. So revenue from each of these starter pits might be $10-20m pre-tax over two years.

[ Revenue would be nearer $30m - $40m with gold averaging $1,200/oz over two years for each starter pit.]


09:53 28 Jan 2016


Noricum’s initial targets are the shallower gold-dominated vein systems, but as exploration continues the existing data and additional work should help define the deeper, and larger, polymetallic systems.
There is also the potential for insights gained during the work being carried out on the Bolnisi district to be applied to other properties that are known to Noricum’s partners and we will be interested to see if the combination of company skillsets being built in Bolnisi develops into a wider partnership that can be applied across Georgia.

In general terms the order of business is for Noricum to define a series of starter pits, first at the Kvemo Bolnisi East prospect to extract quartzite-hosted gold for heap leaching, then the Tsitel Sopeli polymetallic copper-gold VMS-style prospect for processing through the Madneuli flotation plant, then open up the slightly deeper Kvemo Bolnisi West copper-rich Kuroko-style VMS prospect.

The cash flow from these operations should allow gaps in the existing drill data to be plugged, wider and deeper exploration targets to be addressed, and for the corporate coffers to be replenished such that Noricum can operate through the current downturn with relative comfort and minimise further shareholder dilution.

Cash costs to drill, blast and truck mined ore the few kilometres to the Madneuli processing plant is likely to be in the low tens of dollars per tonne. The ore will then be sold ‘at the mine gate’ to Madneuli, on the basis of grade, with an assumed recovery factor applied similar to that which the mine currently achieves, minus a small margin to cover the administrative and analytical costs.
Somewhere around five percentage points on the ounce (so $50 on a $1,000 ounce) appears to be a reasonable assumption as a ‘handling charge’ in addition to the processing costs.

Typical heap leach recoveries for quartzite-hosted gold are of the order of 70-80%, with cash costs of the order of US$500/oz.
Taking these broad-strokes estimates into account and using $1,000/oz. gold price, an attributable margin of between $100-200 per contained oz. of gold in ore seems a reasonable earnings estimate. So revenue from each of these starter pits might be $10-20m pre-tax over two years.
Not enough to provide substantial shareholder returns as cash dividends, but certainly enough to see significant capital growth and protect against dilution.

[littlemadam] 09/3/2016 09:59

Sleveen. I do not read it as needing more cash.
The sentence says: "£1m is sufficient to see us through to production in Q3"
Poorly written i think. I would have put a full stop afterr the word production. Then said "which will be in Q3."
I was one who sold a few days ago. Just bought back in.

[pauladrew] 09/3/2016 09:50

Taken from RNS 15/07/15

'Noricum Gold is required to spend US$6 million over 2 years on exploration and development, after which CMG is required to contribute or dilute;'