Goldstone Resources Share Discussion Threads

[deanmatlazin] 26/6/2020 08:07

This share is re-rating toward market cap £80m fair value.

[deanmatlazin] 25/6/2020 23:11

The DEP is based on the Company's assumption of a total plant feed of 2.26 million tonnes with an average grade of 1.22 g/t giving total ounces to the plant of approximately 88,500 oz. The DEP estimates that the heap leach facility will recover, in total, approximately 72,000 oz gold giving an overall Life of Mine (LOM) recovery of approximately 81%.


The plan is to produce 72000 oz per annum and gold production will commence on Q4 this year.

Assume gold price toward end of year $2000/oz and AISC about $600/oz .

GRL will make profit about $100 million per annum. Current market cap = £19m. Deffo will multibags in 12 months

[russ505] 25/6/2020 21:15

Sure you do gayboy

[spacedust] 25/6/2020 20:16

Im hoping that the long term suffering will soon come to an end I have a 50p target. Not ramping but that's what I need

[thesloth2] 25/6/2020 19:55

Good explanation of a Stale Bull. Seen it written many times. Good Luck to all LTH/Sufferers

[malcontent] 25/6/2020 19:46

lots of stale bulls here
will be interesting to see the share price action as a lot of holders reach breakeven after many years- I suspect a lot will sell, not trusting the "new" company to deliver.
I'm holding from an average of 2.25p, although I have been buying (and waiting) for 3 years now myself for this gold-bull-run

The task now is to hold onto my hat, and not sell too soon, and not hold on too long!

So much easier said than done...

[kcowe] 25/6/2020 19:16

that happens all the time , its an expression of exhaustion will see what occurs tommorrow as the story to unfolds..

[thesloth2] 25/6/2020 18:08

I am a LTH/Sufferer. I also have averaged down big time in the last 8 - 10 years probably. Tried to sell modest amounts on various occasions (less than 50000) today and was not quoted by HL. FillKill Only. Why, when the price was obviously rising - you would have thought they wanted my trades ????

[nigerianprince] 25/6/2020 17:11

Two reasons I'm invested in this Female CEO and Ghana

[spacedust] 25/6/2020 17:11

I feel good knowing so many veteran holders of grl. Confident most of us will hold on to our shares until at least 50p area give or take.

If the story gets better then a price of 100p matches the same mkt as ggp at 250m

[deanmatlazin] 25/6/2020 17:07

Emma Priestley, Chief Executive Officer, commented : "We are very pleased with the efforts and professionalism demonstrated by the Government of Ghana in support of this project. We see this as a reflection of a jurisdiction that recognises the importance of encouraging the development of its mineral resources. With the receipt of the mining lease, we will now work closely with the Minerals Commission and the Environmental Protection Authority to finalise the environmental permit in accordance with the environmental regulations.


This was in February. Environmental permit approval anytime now. To mine 600k oz gold and produce by end of year, this is a game changer. Market cap is still TINY.

[kcowe] 25/6/2020 17:03

Ihave been accumulating over the past week .. from 4.30-6.10 .. no easy to get stock.

[anley] 25/6/2020 16:54

Lots of OLD bulls it seems as well as new punters all to make for an interesting market.

Next stop PERMITS as well as the release of the Report and Accounts followed by the AGM............

that will take the news flow into August and so what will the price of Gold be by then?

[stevebrrr] 25/6/2020 16:54

Good luck Luckyvince.

[spacedust] 25/6/2020 15:48

Glad your still here

[luckyvince] 25/6/2020 15:45

I was here back in the day. 10/1 hit me for thousands in the end. have been in and out but hold nothing like I used to.

[deanmatlazin] 25/6/2020 15:08

I think market cap should be somewhere around £100m if GRL going. To produce 50k oz per year for next 10 years. Obviously there will be upgrade in resources as well.

[spacedust] 25/6/2020 15:06

I do think that we will finish on a day high

[spacedust] 25/6/2020 14:50

Is be happening this finished 7p or above