Goldplat Share Discussion Threads

[kimboy2] 30/11/2016 17:33

Yes it is amazing that it can be so profitable when thay are only extracting $6 of gold per tonne.

GDP have a couple of advantages apart from the better grade. One is that they apparently have most of the machinery. Secondly at the processing rate of about 100,000tpy their stockpile will be constantly replenished from material being added to it.

[dangersimpson2] 30/11/2016 16:13

Some background reading on Tailings Reprocessing projects:



Elikhulu Project

Resource – 178.7 million tonnes @ 0.29g/t (1.7Moz AU)
• Expected to process 1 million tonnes of tailings per month (excl. ETRP)
• Estimated life of 14 years
• Planned infrastructure:
› 1 million tonnes per month CIL plant
› TSF to accommodate 1.25 million tonnes/month to accommodate all of Evander’s tailings
› Power and water infrastructure (water to be supplied from existing operations and Leeuwpan
dam)
› 18 – 24 month construction and commissioning period
• High level project plan:
› Completion of definitive feasibility study – November 2016
› Board approval – following completion of definitive feasibility study
› Completion and submission of environmental applications – November 2017
› First gold – November 2018

Key pre-feasibility parameters:

• Completion : November 2018
• Design capacity : 12 million tonnes/annum
• Forecast initial annual production : 45,000oz – 50,000oz
• Gold price assumed : ZAR575,000/kg
• Recoveries assumed : 45%
• Life of project : 14 years
• Estimated capital : ZAR1.7 billion
• Forecast AISC : ZAR300,000/kg (USD650/oz)
• Forecast payback : 3 – 4 years post commissioning
• Project IRR (Nominal) : 28.6%

PAR track record of delivering tailings projects:
• BTRP – ZAR325.7 million – Paid back in 18 months
• ETRP – ZAR174.3 million – Forecasting 4 year payback period
• Phoenix Platinum Mining – ZAR308.9 million - Forecasting 10 year payback period

Goldplat's is much smaller, at 1.43mt vs 178.7mt but also much higher grade @ 1.78g/t vs 0.29g/t. Although lacking the scale of PAF's proposed operation I think the grade difference should end up giving Goldplat's operation a higher recoverability factor and lower AISC.

[danielmiller1] 30/11/2016 15:10

Good evening Bot, I have to be gentle to you as you saved me a fortune by making me think twice of ALO I sold out at a good profit.

However you are away of beat with this one in fact you always have been and I have called it right.

The next stop for this is back to 4p. Not much point in arguing the point as after ALO,I cant be as crital of you as I Would normally be.......so best of luck with it.

[kimboy2] 30/11/2016 13:44

It might not happen, but if it does the share price will be over 10p and it won't be earnings dilutory.

[russman] 30/11/2016 12:56

Would this placing be to "preferential" investors.

[danielmiller1] 30/11/2016 08:17

Whatever there will be Botboy you can rest assured it will,be dilutionry andbthe SP,and shareholders will suffer.

It was not that long ago the Kissmequick Greem was boasting that they did not need funding as they were making enough profits.

A typical GDP,statement

[csmwssk12hu] 30/11/2016 00:05

Gold ticking up again today

[kimboy2] 29/11/2016 12:35

There will be a placing rather than a rights issue.

[russman] 29/11/2016 12:25

The notes to any rights issue would make interesting reading.The dispute with RR.....

[kimboy2] 29/11/2016 11:43

There are two uncertainties.

Firstly whther the CIL will actually get built. I think we can be fairly sure it will as it is virtually complete.

Secondly how much will they make from it when it is. The company are fairly obscure about this which is reasonable enough when they are having to negotiate for material.

[sea7] 29/11/2016 11:24

They are expecting to be able to start the milling section by the end of december.

[michaelfenton] 29/11/2016 11:13

Kimboy2 - as usual you are spot on and it is hardly suprising that the market refuses to belive anything till it is delivered given preious slipups. But looking good to me.

[kimboy2] 29/11/2016 10:40

Hopefully an announcement that the CIL at kili is up and running soon. Initally it will be low grade material that doesn't need crushing till the crusher comes on line in February.

VSA are forecasting that this will produce 2,500 ozs in FY 2017. There is less than half a year of CIL production which implies a 6kozs production from the CIL in a full year of production.

ISTR they said that production cost would be in the lower quartile which probably puts it arounf $650/oz. A $400/oz profit should produce around $2.4m increase in group profit.

I don't think any of this is in the share price as the market refuses to believe anything till it is delivered, which is an opportunity if you believe that it will.

[danielmiller1] 28/11/2016 16:56

Lololololololo what you mean Stupid 7 is you have nothing to back up your persistent lies. You are the same with the rubbish you post on GDP this is why the share price is as low as it is and will fall further to 2p or below.

Apart from the rubbish I post in order to wind you curds up the the serious stuff was that GDP would hit 2 and it did LOLOLOLOLOLOLOLOLOLOLOL time for bed lololo

Not only that but with impending further dilution via CASH CALL over developments at KILI I see the share price collapsing back to 2p

[kimboy2] 28/11/2016 12:31

I didn't for a minute think you were actually in.

[russman] 28/11/2016 11:21

Who said GDP needs to raise £4m.With the options outstanding.Count me out.

[csmwssk12hu] 28/11/2016 00:04

At least gold is up a bit this morning, hopefully due a bounce imho dyor

[kimboy2] 27/11/2016 20:59

On the issue of dilution I presume that the intention is to fund the new plant at Kili from some sort of placing at some stage.

It would be ridiculous to have the ambition of having some sort of mining and then cut someone else in.

The cost of the new plant at Kili was said to be $5m, though I don't know if the expenditure this year is part of it.

If we said that £4m needed to be raised at the mooted 10p then that would be a 25% dilution

The new plant is designed to increase throughput from 1tph to 7tph.

If we assumed that they used their own mine out put and a $500/oz profit then Kili would yield a profit of about £2m pa.

That would put the kili expansion on a p/e of around 2, which seems a decent deal.

[sea7] 27/11/2016 19:01

yep, suppose I should ignore him really, seeing as he just doesn't get it.

[kimboy2] 27/11/2016 17:08

I think the trick is not to respond

[sea7] 27/11/2016 16:05

Miller- we have had this conversation before, the format is the same each time...

you make outlandish claims,
I point out that you have made claims to the contrary earlier on.
You claim you haven't and claim that I cannot back anything up.
I post the relevant comments from your posting history.
You get annoyed at the truth being presented to you and start whining on and then
you change the subject and drone on about something else, which is usually singing your own praises.

Everyone else here sighs at your endless, irrelevant posting and wishes that you would get a life and either make coherent, sensible and relevant posts or clear off somewhere else.

I am not going to search through your posting history again and pick out the relevant comments and post them. If you cannot act like an adult then find a grown up and ask for instruction.

[sea7] 26/11/2016 21:37

miller - your comments show just how little you know...

DanielMiller126 Nov '16 - 18:42 - 2002 of 2003 0 0
And while on the subject of worrying over GDP wait oh yes please wait until Kismequick Green realises the costs, problems, trials, and tribulations of trying to do business in SA and that he really is a little boy amateur in a big big big boys world........the cash call will be as loud and clear as the ensuing dilution.

...................

It has obviously escaped your attention,however, gerard is a south african national, who studied at wits uni and then went onto work in various roles at DRD, rand mines, anglo gold and crocodile platinum over a 15 year period. He progressed to Vice president of mining and metals at JP Morgan Chase uk, followed by directorships at investec and standard bank. He had a stint as CEO at peterstow aqua power before joining goldplat.

He is not an amateur as you put it and is well aware of the lay of the land when doing business in south africa.

Gerard has indicated a wish to raise capital to accelerate the growth phase that goldplat has entered into already, however, he has ruled out equity issue at these share prices. He is on record talking of a preference for 10p per share equity, however, other options are being considered.