Goldplat Share Discussion Threads

[sea7] 21/9/2018 09:57

Gerard bought that elution column from DRD, which is installed in benoni. Niel Pretorious was asked if he would buy goldplat some years ago - he said that whilst nothing is out of the question, they were focussing on their volume tailings work.

I suspect he is up to speed on what they are up to.

[kimboy2] 21/9/2018 09:04

I find the DRD costs absolutely phenomenal. The have the whole thing off to a tee.

Hopefully GDP is locking into this know how and technology.

[sea7] 21/9/2018 08:16

yes - I did raise an eyebrow when I saw the yields they were quoting, when compared to Goldplats TSF.

[kimboy2] 20/9/2018 22:23

It is interesting that Rand's cash operating cost went up from $958/oz to $1,122/oz mainly due to a decrease in yield of 0.009g/t to 0.171g/t.

Makes you wonder how much the cash cost would decreease when the yield is a multiple of that.

[sea7] 20/9/2018 20:06

what DRD said about rand refinery 2017

The irrevocable, subordinated loan facility that was extended to Rand Refinery by its major shareholders was converted to redeemable preference shares on 5 June 2017. DRDGOLD's interest in Rand Refinery has therefore not been diluted as a result of the conversion, but the redeemable preference shares remain a significant commitment on the future cash flows of Rand Refinery.

The estimated fair value of the investment in Rand Refinery shares remains de minimis due to the uncertainty regarding Rand Refinery's future free cash flows and the lack of marketability of the shares held.

[sea7] 20/9/2018 19:23

Production

In fiscal year 2017, production decreased from 143,457 ounces to 137,114 ounces mainly due to a 5% decline in the average yield from 0.180g/t to 0.171g/t. The lower average yield was mainly a consequence of a bigger than expected knock-on effect of treating the material from the Crown sites that were closed. This was due to this reclaimed material requiring high volumes of water to treat. As a result, the treatment system contained more water than material, leading to lower densities and with no capacity for augmentation with material from our other operating sites.

Volume throughput for the year remained flat at 24,958,000 tonnes compared
to 24,842,000 tonnes in fiscal year 2016.

Cash operating costs in fiscal year 2017 was up $164 per ounce from $958 in fiscal year 2016 to $1,122 per ounce mainly due to the decline in the average yield.

[sea7] 20/9/2018 19:16

from drd 2017


Our future growth and profitability will depend, in part, on our ability to identify and acquire additional mineral rights, and on the costs and results of our continued exploration and development programs. Our business focuses mainly on the extraction of
gold from tailings, which is a volume driven exercise. Only significant deposits within proximity of services and infrastructure that contain adequate gold content to justify the significant capital investment associated with plant, reclamation and deposition infrastructure are suitable for exploitation in terms of our model. There is a limited supply of these deposits which may inhibit exploration and developments, especially in a declining gold price environment.

[sea7] 20/9/2018 18:55

DRD Gold - some history.

Top Star Dump

On August 28, 2006, we concluded an agreement with AngloGold Ashanti Limited, or AngloGold Ashanti, to purchase the remaining extent of Erf 1 Park Central Township, better known as “The Top Star Dump”, in central Johannesburg for an amount of
R8.0 million. A further R28.4 million was spent on the infrastructure required to process the dump. The Top Star Dump was
evaluated geostatistically by us and reviewed independently by Coffey Mining (an exploration, mining and resource consulting
firm) and had a probable reserve of 5.2 Mt, at a grade of 0.775 g/t.

[sea7] 20/9/2018 18:36

Gerard probably told them the true reason for west pit3 - new tailings dump and has said nothing about the existing TSF, or very little.

[kimboy2] 20/9/2018 17:44

The problem for GDP if they have been in commercial negotiations with the rights holders of the pit. If they said whatever they were going to make from the pit then that would only strengthen the rights holders hand.

Hopefully with a new significantly better alternative they can now give us the financial details.

[sea7] 20/9/2018 17:09

FS

TSF Study goldplat

[flyingswan] 20/9/2018 16:54

Has Goldplat GDP dune MT surveys like this? Would it work on the Tailing Dump etc?


Or is this something you would only do if you were mining Gold?

[kimboy2] 20/9/2018 15:16

There will be some capex in getting a pipe, or whatever, to connect to GDP. Then there will be a profit for DRD.

It would seem to me, given the potential profit relative to GDP's market price, that they will have to make some sort of announcement.

Perhaps someone can put this to GKG.

[1rodson] 20/9/2018 13:41

Based on the university study findings of the potential goldfields in their stock piles they should recoup around €17 million over three years gross, assuming that is there is no need for further capital expenditure for machinery upgrades etc

[sea7] 20/9/2018 13:41

tks DS, yes, cannot see why it would be so controversial.

I thought I would post up the randgold findings before looking into it any further, for comparisons from those already engaged in similar activity

[1rodson] 20/9/2018 13:35

Lolololoololol Rod has a vast fortune in various investment far too much lose in the market but what do these thicko peasant know no brains no guts.

Let me show you.

ApplegarthLSE I have been in the market for quite a while. I can get my lawyers to prepare a trading statement going back over ten years.

It will show a handsome profit.

Now I will give you 10/1 that means for every $ you put down if you win you will win $10. But you must put down €25000.00 up front that's $250000.00 if I am wrong.

You can do this all through your lawyers so I Will never see you cry.

Have you the guts to put up, if not go away and mature for a while, problem is with your sort it could only be possible to mature like a Roquefort cheese.


It's dangerous being all mouth and no substance.

As for your tip I Only make ethical investments alcohol is not one of them.

[dangersimpson2] 20/9/2018 13:13

Someone seems to doubt that you haven't read the rangold accounts sea7, not sure why this would be so controversial!! ;-)

Based on the link from kimboy the Morilla mine operating costs in 2016 were about $15/ton of material processed. This would be about 215R/t converted to ZAR. If that would be an indicative cost for processing the Goldplat tailings to get 67.2% recovery this would be about £35m operating profit.

[sea7] 20/9/2018 11:45

We know that with the higher grade resource we should be looking at an excellent return on this, once they get going.

Thanks for the info on randgold accounts, I hadn't looked that far yet.

[kimboy2] 20/9/2018 11:30

At 0.6g/t there is $23 of gold in a tonne of material.

At 67.2% recovery they are getting $15 of gold per tonne.

They are making a profit of $2.50 from this $15 of gold.

[kimboy2] 20/9/2018 11:14

Here are the 2017 results;



It is confused because 36% of the material comes from a satellite pit.

The upshot overall for 2017 though is that with a grade of 0.6g/t they got a recovery rate of 67.2% and from 67kozs sold produced a profit of $19m.

As we know the GDP material is 1.7g/t and I suspect that DRD will process it cheaper and more efficiently.

[1rodson] 20/9/2018 09:14

All I can say is this company is always cash strapped yet for years it claims to have million locked away in stockpiles.

Somehow 2+2 is not making 4.......you work it out.

Processing what they claim to have would appear to be a much better option than chancing the arm in South America assuming of course they have what they claim to have.

[kimboy2] 20/9/2018 08:46

It was first mentioned under Manolis years ago so we have been waiting a long time. However given the profitability that I believe will now be achieved it looks as though it may well have been worth the wait.

Hopefully they will announce the economics of the stock dam along with a buy back facility.