Ann: Presentation to Shareholder Meeting, page-334

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nutcracker

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15/10/17

14:28

Post #: 27914748
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Originally posted by Barneydebear ↑

Along time ago, in a galaxy far far away, there was once a report (that's probably on our website) that estimated Ntiola to have a resource of an easy 200k Oz's at a shallow depth of 150-175mtrs... That's an easy 50k per quarter processed through Morila at a conservative $1250us an oz... 4% (forget about that 5% joint holders commission) gives a rough 2.5million US per quarter... Viper had afew shallow layers or layered veins (forget the terminology used)... Some hits at surface were as high as 7-9 g/t... @sydneysider gave a great explanation of Viper way back in the threads... Another poster had a graph of the hits... (Most of Barney's research was destroyed from a hard drive failure...) On a website solely designed to give a visual understanding from the jorc reports etc...

Morila can process 2-4 million tonnes PA... Expectations are they intend to be operating the flotation circuit until 2020...etc... That's where Ntiola n Viper come into the mix...Domba had 40-60k oz??? And was a low grade deposit, able to be processed within 3 months...

Average 50k per quarter gives 2.5million US or roughly 3 million AU @$1250us oz...etc... Time for Barney to sleep...He decided to come out of retirement and get a job, like an ordinary human...(no fun fishing during the week when ya mates can't be there to watch ya catch that one, that got away lol).

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BdB Why be conservative us$1250.00 oz, today's POG makes your post look like you are on a bender, surprised the ASX hasn't had to open Sunday to cope with the anticipated demand of orders for BGS tomorrow. US$1303.71 [au$1650.00 oz]

Don't forget the Lithium.

BGS Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

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Ann: Presentation to Shareholder Meeting, page-334

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