Katoro Gold Share Discussion Threads

[tonytony4] 06/11/2020 13:23

Not sure what is holding this back it cannot just be LC.... Shorters come to mind.

[tonytony4] 06/11/2020 13:22

Well hopefully tweets are normally follow up with RNS's !!! Come on LC

[sea7] 06/11/2020 13:20

You heard it there.

haneti ..a true company maker and a true standalone company in its own right, in time to come.

that means either...it will be spun out of katoro at a later date or that everything else will be sold off and katoro will be come Haneti plc!!

think that vid was out july 30

[grahamwales] 06/11/2020 13:19

He needs to get drilling and stop tweeting though

[uknighted] 06/11/2020 13:14

Not sure how recent this is.

[grahamwales] 06/11/2020 13:01

Think minxcon are being rather cautious myself. Wonder if they are doing similar tests on the recent samples.

It is estimated that the tailings dam of the Mouteh Gold Mine, in Iran, contains more than 770 kg of gold. Microscopic analysis reveals that sulphide minerals and active carbon are the main sources of the gold in the tailings residue. Flotation and cyanidation tests on the samples of tailings were conducted. Flotation concentrates, containing around 87.79% of the gold, which were associated with sulphide minerals, were recovered. By regrinding, roasting, and cyanidation of the flotationconcentrate, the gold dissolution recovery was in the range of 87.8 to 98.4%.

[tonytony4] 06/11/2020 12:56

It would be good to get some drilling tweet videos of Haneti that would get the heads turning.

[tonytony4] 06/11/2020 12:55

Working with the significant number of parties that showed interest in providing funding for the Project, the Company has developed a preferred funding strategy for the Project that involves the utilisation of different funding instruments. This strategy allowed the Company to identify and engage with a select number of preferred funding providers with whom it is currently developing a final funding arrangement for the Project. All these parties have provided formal / firm expressions of interest, with certain milestones having now been agreed to guide a predetermined due diligence process towards a final funding agreement for the Project.

[grahamwales] 06/11/2020 12:54

I see he is promoting Haneti on twitter again, think he needs to concentrate on getting drilling there rather than saying the same thing over again.

[uknighted] 06/11/2020 12:50

Are there still 14 interested parties?

[grahamwales] 06/11/2020 12:50

Thought it would have a better recover rate than that though.

[grahamwales] 06/11/2020 12:49

Ok see it now minxcon are projecting 56% to 60% recovery rate.

[tonytony4] 06/11/2020 12:45

If it wasn't viable there wouldn't be 14 interested parties... And with BG involved this isn't just about LC over seeing this.

[sea7] 06/11/2020 12:27

it is viable - drd gold do this sort of thing all day long at 0.3g/t and make a lot of cash out of it.

[grahamwales] 06/11/2020 12:23

Must admit changes it a lot for me and wondering if the project is actually viable now.

[sea7] 06/11/2020 12:22

probably worth clarifying with the company

[sea7] 06/11/2020 12:21

the original is an independent one from 2016 -

they carried out a scoping study, which amongst other things, included a review of this data.

minxcon have obviously taken a more cautious view of the asset and reported accordingly.

the lower figures still validate most of the original data and give credence to the project fundamentals.

[dozyduck] 06/11/2020 12:15

As usual,LC hasn't divulged the full details of the scoping study including the vital timescale for capex (to ramp up later) which makes all the difference to the net cash flows investors can expect and therefore the share price. Par for LC's many courses !

[grahamwales] 06/11/2020 12:09

But the measured resource can't change without any drilling. Its in the original announcement dated 30th Jan as well



7th May must be incorrect.

[sea7] 06/11/2020 12:02

slide 10 says 277k oz in measured and indicated -jorc compliant resource...

rns dated 7th May 2020 states...

Based on the current data available, Minxcon has estimated the potential Mineral Resource at the Project which is used in the Study to be 1,290,000 ounces of gold with 277,000 ounces in the Measured and Indicated categories and 1,013,000 ounces in the Inferred category.

...

this is the scoping study result.

I bet someone hasn't updated slide 11

all in sustaining cost, is different to all in cost.

[grahamwales] 06/11/2020 11:54

All in sustaining cost (AISC) US $727/Oz

[grahamwales] 06/11/2020 11:52

It does state on your presentation Measured resource of 390koz Au @ 0.32g/t

[grahamwales] 06/11/2020 11:50

Something not right here. WTF is going on.

[grahamwales] 06/11/2020 11:49

Looking at original Jan 2020.

[sea7] 06/11/2020 11:47

which one are you looking at - jorc compliant resource on latest presentation on website, dated july 2020 shows 277k oz measured and indicated for TSF7?