G'day all-Below worthy of consideration I feel the Quoted Transcript Below is worth factoring
into your thoughts & considerations.
I think its why-"ANGLO IS SO FOCUSED ON US" & ONE OF THE
"MANY REASONS WHY,"ANGLO GOLD WANTS TO INCREASE THEIR STAKE".
"THEY WANT TO DO A J.V. ON ALL OF OUR PROPERTIES "-" BUT AT THE MOMENT"
" WE FEEL WE ARE IN GOOD SHAPE TO JUST GO IT ALONE"- for now.
Further Anglo Gold J.V.-Clarifications Revealed by Orinoco Golds
M.D.- Jeremy Grey Mining 121 London .
see transcripts below
Presentation: Orinoco Gold - 121 Mining Investment London 2018
Quoted Transcript Below is worth factoring into your thoughts & considerations.
(time = time into video)
Time-1 min -We have TAILING THAT ARE GRADING SOMEWARE BETWEEN 9 g p/t- 84 g p/t.
Time 2.49 min-We have a fourth Hammer Mill Arriving at the end of the month,
that WILL BE DEDICATED ONLY-TO PROCESSING TAILINGS at 9 grams & upwards
that will probably be $50.00 per Ounce Production.
Bit about Cascavel , Cuca...
Note-At Approx. 3.31 -Presentation gets particularly interesting.
Some of our 9,000 gram stuff that we Haven't Actually Even Reported …
Recently -Mine geologist panned 7kg's -that actually produced 2 OZ- the other week ,
but its not all like that, their is pinches & swells, but the further we go down,
webelieve it gets thicker up to 4 mts in thickness-and-I think its why
"ANGLO IS SO FOCUSED ON US" & ONE OF THE "MANY REASONS WHY, "ANGLO GOLD WANTS TO INCREASE THEIR STAKE".
"THEY WANT TO DO A J.V. ON ALL OF OUR PROPERTIES "-" BUT AT THE MOMENT"
" WE FEEL WE ARE IN GOOD SHAPE TO JUST GO IT ALONE"- for now.
4.10-Presentation continues
It seems clear Anglo is watching -Will Anglo get their wallet out or will they be a patient content
share holder going along for the ride ?
Thoughts- if Anglo & wanted the whole show-its reasonably obvious ( with recent revelations
video-regarding the gravity plant apparent production through-put) yet to be clarified though,
that the share price could well be significantly higher shortly -hence if a Take Over Offer where to
be proposed -would it be more or less likely sooner than latter ?
What's also interesting is the clarification that HM-4 is only dedicated to Tailings,
this adds up with the recent footage that shows the gravity plant appearing to running
at or about full spec.
Interesting times