Serabi Gold Share Discussion Threads

[sherry35] 27/8/2020 17:04

tightfist - Thank you for the information.
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I took another look at AA with respect to Au production. Some copper mineshave a pesky Au byproduct. The Web site indicates "We produce copper concentrate, copper cathode and associated by-products such as molybdenum and silver." Based on my knowledge of copper producers, the grades are typical below 1 g/t.
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Page 50 of the AA annual report shows a Au revenue. Au production being 2% of revenue.



I having difficulty determining which AA mines produce the Au. I suspect the copper mines in Chile given Au is by-product of copper.
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Elderado Gold has been dragging their heels on the Tocantinzinho mine for quite a few years. I suspect it has something to do with the low grades given my discussions with the former Kenai Resources director.
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Kenai Resources was in talks with ELD and SRB regarding a merger/acquisition of the Sao Chico mine. Kenai went SRB because of the higher buyout potential. After a year, the single Kenai director on the SRB BOD got fed up with the progress (lack of) and resigned.
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Questions bare asking. Does AA want to get into Au production should their mineral permits indicate a Au product (not byproduct)? Do the AA and SRB mineral permits have high base metals product with Au byproduct? Have the AA permits been explored with geophysics and drilling?
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I personally don't see an issue in AA pursuing Au as a product given the 2% revenue it already generates.

[borisjohnsonshair] 27/8/2020 15:23

Agreed. Imagine the rise when the license is received. An extra 38,000 a year and associated drop in AISC. 86,000 a year clearing at least 850 / ounce = US$73M. MCAP today is US$70M - this is sale of the effing century.

[swinsco] 27/8/2020 15:20

Good management. Great growth story here.

[borisjohnsonshair] 27/8/2020 15:19

Over reaction on the upside but the macro will lead to another bounce. Could be above 2000 tomorrow.

[tiger60] 27/8/2020 15:10

That turned around quickly 1917 as i write.

Dow at 'stupid' levels completely disconnected with world indices. It is ripe for a Put option but it is all in the timing

[trader536] 27/8/2020 14:53

You were warned about the resistance on previous occasions

[trader536] 27/8/2020 14:52

Another down day for this dog

[borisjohnsonshair] 27/8/2020 14:52

This is too good to be true. I'm going buy more. Got some spare holiday money from pension that can't be spent. Why not!!!

[borisjohnsonshair] 27/8/2020 14:42

Which means SRB will be clearing circa US$6,000,000 each quarter. US$24,000,000 annually. MCAP70M. Palito alone is under valued, plus zero for Coringa and the potentially huge exploration potential.

[swinsco] 27/8/2020 14:30

High gold prices here to stay for while. Imo. "Jerome Powell scarifies inflation for economic growth"

[borisjohnsonshair] 27/8/2020 14:29

You are so dim it's quaint. Shame you have such a disgusting personality

[tiger60] 27/8/2020 14:27

Gold rebounding over $1950

[trader536] 27/8/2020 13:38

3,717,156 Cases in Brazil now....

[trader536] 27/8/2020 13:36

It needs to hit 370p just to be level with the GRL gain to date, fool

[borisjohnsonshair] 27/8/2020 13:36

Very interesting research

[trader536] 27/8/2020 13:26

Nothing is down except the SRB share price. Look at the figures in the news my dear friend

[borisjohnsonshair] 27/8/2020 11:37

Yeah - it's way higher than my average. You lost your wallet on SRB, you bitter loser.

[trader536] 27/8/2020 11:31

It doesn’t matter what thread you read, the share price is the same on both threads you clown

[tightfist] 27/8/2020 11:07

Hi Sherry. After yesterday's SRB RNS on the tenement acquisition and your note re: AA, I have looked further at the trend corridor and the three obvious players within..Eldorado Gold (MC $1.5b): In 2016 "Construction decision deferred pending receipt of permits, improved gold price outlook and progress of other priority development projects". This is a link to a 2019 Technical Report:hTTps://s2.q4cdn.com/536453762/files/doc_downloads/2019/07/TZ-01-2019-06-21-ELD-TZ-NI-43-101-Final-Report-(2019-06-26).pdf.There is a vast amount of geological and visual context within a long read of 267 pages..Page 1 - 8: ".....The Tocantinzinho mine will be developed as a conventional open pit using excavators and trucks with wheel loader support......The mill is designed with a nominal capacity of 4.3 MTPA at a planned average feed grade of 1.41 g/t Au, producing 174,000 oz of Au annually with a life of mine of 9 years. The plant is designed to treat ore with a maximum head grade of 1.76 g/t Au.....It has a projected capital cost of $442m, including contingency....." (page 1-14) and a projected IRR of 19.7% at $1,500 PoG..There is no production anticipated from the TZ project in the Eldorado Gold 5 year outlook, slide 11:hTTps://s2.q4cdn.com/536453762/files/doc_presentations/2020/06/Investor-Presentation-JUNE-WEB.pdf.However, this is more insightful, especially the differing colours of their ore samples (cf the SRB Ore Sorter!):hTTps://www.eldoradogold.com/assets/operations-and-projects/south-america/projects/tocantinzinho/default.aspx#exploration.In short, the TZ prospect appears to be outside the scope of SRB. ..Anglo American: According to the map on Eldorado page 1-18 (adjacent properties) Anglo American (FTSE 100: MC $26b) are staked NW, adjacent to our enlarged Sao Chico NW boundary; Sherry, have you found more detailed info?.Here is a link to the AA report - Brasil is their largest country of operation (55) and copper seems to be an increasing focus (59): Gold doesn't seem to feature:hTTps://www.angloamerican.com/~/media/Files/A/Anglo-American-Group/PLC/media/presentations/2020pres/fy-19-results-presentation.pdf.Interestingly SRB have recently drawn attention to Copper ppm in the Mata Cobra soil sampling; is there some potential AA/SRB synergy here?.A lot to digest! tightfist"

[borisjohnsonshair] 27/8/2020 09:43

This one LINZ. It's a moron free zone.