Serabi Gold Share Discussion Threads

[tightfist] 04/5/2021 15:59

Hi Ironstorm;So.... I had taken 100,000 Oz as the Tiger target run-rate by mid 2023 - with Palito running at 45kOz pa and Coringa reaching 38kOz pa. .I was therefore looking for a run-rate of an additional 17kOz pa. One way of getting there (after licensing, etc.....) would be 60kt ore pa at 10g/t with 90% recovery. That would require 200tpd ore transport over 6dpw which doesn't sound too extreme. There will be ample spare processing capacity at Coringa..Just a thought! tightfist

[cotton4] 04/5/2021 15:39

Theres no need for the nastiness.

[borisjohnsonshair] 04/5/2021 15:30

There's rumours of news tomorrow of a discovery- they've found Trader365s brain. It's microscopic. If they can find that, they'll easily uncover 3M ounces of gold.

[tiger60] 04/5/2021 14:36

Self isolation has got to the lot of you. I would love it to be true but there is no way. Even if an open pit resource was discovered it would need specialised equipment, financing, new plant, planning plus a long list of other tasks. The timelines of mid 2023 to get to 100,000, without a contribution from Coringa, is just nuts.

[borisjohnsonshair] 04/5/2021 14:20

Gold going into the 1800s this week. 2000 soon after. 3000 by mid 2023.Prob 200k production so 2050 clear = US$3.2B MCAP at PE of 8. Share price of approx 2500p. Plus say 1500p for the nee open pit mine. I see now reason why this won't be £40 in a few years

[borisjohnsonshair] 04/5/2021 12:27

They've got several other areas that could become additional Palito's on top of Coringa coming up plus the open pit mine. Mid 2023 100,000 is the probable 200,000 is exciting and not impossible. Half empty glasses here who are typical sell low investors who also sell winners too early. Amateurs.

[tightfist] 04/5/2021 12:16

Tiger; Impossible is a big word and I am up for a challenge (as is MH): How about trucking ultra high-grade, near surface, ore from Sao Domingos/Toucano a fair way to fill surplus process capacity at Coringa. That is my contribution!

[borisjohnsonshair] 04/5/2021 12:11

Who cares 80,000 with AISC 950. Gold at 2,000 = US$84M profit. Plus resource upgrades. Jog on doubters

[tiger60] 04/5/2021 11:32

Coringa will only be online earliest mid 2023! And with an initial annual target of 38,000 oz. Even with ramp up of Palito to next years target of 45,000 the aggregated amount will leave us well short of the 100K. The company itself has dropped that call (after many years!). Please tell me how by mid 2023 we get 100K? Impossible

[ppvn] 04/5/2021 11:13

With you there cotton. Despite the recent missteps I think they are playing down the future production. As you say, coringa has a 750tpd plant and Palito has yet to benefit from the ore sorter. Think that should take us very close to 100k oz.

[cotton4] 04/5/2021 10:05

From memory, the production capacity of the plant at Corigna is about double that of Palito so technically once this is up and running production capacity will almost treble ie in the 100k oz region. Although Coringa is not expected to provide this extra capacity on its own, current operations at Palito and Sao Chico have available production capacity to fill the shortfall. This would mean trucking ore to Coringa but theoretically possible. Better grades would also help. So short term we need the Coringa licence and get these account issues out of the way.

[tiger60] 04/5/2021 09:38

Exactly how can we hit 100K production mid 2023? You don't have to ramp this

[borisjohnsonshair] 04/5/2021 09:26

Mid 2023 - wow. 2-3 million ounce resource discovered and 100,000 production. The value off the scale - £10-20.

[linton5] 04/5/2021 09:08

This looks well overdone on price drop I’ll take some for a 2year hold anyway

[borisjohnsonshair] 04/5/2021 08:41

This week will pass the month since the last mega exploration update. Visible gold. I'd expect elaboration on this by tomorrow or Thursday.

[backinblack80] 03/5/2021 23:12

Agree, Boris! MEGA discovery in the making!

[plat hunter] 03/5/2021 14:03

Kenny, i think perhaps the BOD have a similar line of logic

[borisjohnsonshair] 03/5/2021 13:34

Yep - it's a MEGA MEGA discovery in the making. The rest is a great means to an end side show.

[kennyp52] 03/5/2021 13:32

Lads ... focus ... the clowns need to dig gold out of the ground and sell it . Everything else is smoke and mirrors . I think Covid is still weighing heavily on this which is cheap as chips on fundamentals

[plat hunter] 03/5/2021 12:30

Well done Boris, another fantastic contribution to the argument.£70's worth of buys on Friday, so you never know I could be wrong after all.

[borisjohnsonshair] 03/5/2021 09:15

You not being pointless is subjective. The onus is on you and it's not looking good.

[plat hunter] 02/5/2021 22:06

You missed the point Boris

[borisjohnsonshair] 02/5/2021 12:46

Do you believe it would have been smart to do this in a different sequence!?!?. Vote to announce change to dilution, then hope the price won't drop, hence dropping the placement price and increasing the dilution for a given cash sum. Too complex for you but they've got the funds and this vote is a necessary retrospective formality.

[plat hunter] 01/5/2021 14:16

Might well be Tightfist.. But it's still more that what was agreed in the Mem & Arts hence the requirement for a general meeting and proxy vote on the matter.


Which was more the point I was making... There seems to be a long list of "little things" that "aren't that bad" or which has a "majority support".


Would it not be better to have a more competent BOD to make the most of these so called fantastic opportunities?