Scotgold Resources Share Discussion Threads

[y1phr] 26/2/2016 14:42

Not you back again.

[vfb1888] 26/2/2016 13:46

Mineng,
From memory :
150oz on site recovery and 350oz from concentrate .
Possible smelted in Belguim for which we already have costs and transportation is actually surprisingly very cheap although I have heard it could possibly be smelted a lot closer to home but can't confirm that yet .

Jewellers are falling over themselves to get their hands on the stuff so we might even be able to command a larger premium than 20% or even negotiat a percentage of sales.

The labour costs will be two 8hr shifts for two men six days a week
Red Diesel powered small digger and dumper ,rock will be crushed before being fed in
Shed rental minimal repairs and down time should hopefully be minimal with new plant.

[steelwatch] 26/2/2016 13:22

Strategic Rationale

There are two fundamental rationales for the bulk processing trial:

 the financial and technical evaluation of a low capex, early commercial production phase in advance of the full production phase as originally planned;

and

 to demonstrate the marketability and profitability of Scottish gold production from Cononish.

[steelwatch] 26/2/2016 13:19

mineng - all explained in the note above. Just a trial to demonstrate to presently reluctant financeers that there is indeed gold in them thar hills which can be sold at a premium due to unique provenance.



"The revenue from metal produced during the trial is forecast to cover the capital and operating costs of the trial."

[steelwatch] 26/2/2016 12:02

According to the note above, the 1.5 tph portable processing plant is just for the bulk processing trial and isn't the be all and end all:

"The revenue from metal produced during the trial is forecast to cover the capital and operating costs of the trial."

[vfb1888] 26/2/2016 11:44

mineng,
I would like to see your figures, I haven't done any myself yet as I'm busy touring Edinburgh so curious to see yours.
What I have heard is that the premium will be 20% + and obviously the plant has to be paid for even if it will be credited back later , obviously the grade is less but it has already been extracted , lots to consider . I will do some calcs later when her indoors is at the Spa
Would be good to see all views

[vfb1888] 26/2/2016 10:13

hxxp://www.westhousesecuritiesresearch.com/Research/iid/60182453004/p

[vfb1888] 26/2/2016 09:02

mineng
Let's see your calculations

[glenalmond] 24/2/2016 16:33

My question vfb, is does he have sh!t for brains?

It would appear so.

imo

[vfb1888] 24/2/2016 15:39

Glenalmond,
He ain't got the Balls for that .

[glenalmond] 24/2/2016 14:48

Really, 0405, why so bitter against this company? Where do YOU think it's going - and why do you think that? Educate me (and us all), instead of posting nonsense.

Why not come along to Edinburgh tomorrow and hear for yourself what's going on?

I'll even buy you a beer :)

[y1phr] 24/2/2016 13:05

Nah, he sold out, and lost cash.

[glenalmond] 24/2/2016 12:51

0405, do you reside around Dumfries, per chance?

[0405] 24/2/2016 12:06

bearbulls because anyone with common sense can see where this is going pity vfb hasnt

[vfb1888] 24/2/2016 10:34

Profit is profit,each to their own
Personally I'll be hanging around for Cononish 2,3 and 4
Gold over £880 and we will be having a significant premium on that, probably around £1,100 give or take

[bearbulls] 24/2/2016 10:15

why the selling with such good news

[y1phr] 24/2/2016 09:29

Sure is bruv.