SGZ scotgold resources limited

This is the fourth time I have read this and I have lots of...

  1. 364 Posts.
    This is the fourth time I have read this and I have lots of questions and thoughts on this, I will start with this one.

    "Identifying possible toll (contract) treatment opportunities"

    No tailings dame , which was one of the parkies biggest concerns and why they rejected the planning application 12 votes to 10 the first time round , lets not mention the fact they only mentioned this two weeks before the vote.

    No big capital outlay , the major stumbling block gone , in fact almost everything we would require for this could be hired or leased.

    Which brings us down to the NP . the original plan that was passed 17 votes to nil had 55 workers processing plant tailings damn etc etc and more importantly two loads of ore daily to be taken to the refinery , Belgium I believe.
    So with the toll method there will be a reduction in working traffic , should keep the parkies happy .
    Two trucks and 55 workers daily was the original plan , so say ten workers and three trucks daily for the new plan , that wouldn't be to much to ask would it , it is the parkies though and they do have an ex green peace warrior on board but I am going to go with the three trucks and hoping common sense will prevail at least once .

    Three 15 ton trucks with 12g/t Au on board is 45 tons at 12gt Au which gives 540 grammes a day or 17 ounces a day which at todays price would give $21,000.00 per day less costs.
    Now this isn't anything like what was planned but it would get us up and running and get us cash generative to the tune of $6 million gross pa.

    Next question is where is it going to be processed , I think there is only one answer to that and that is at Galantas Gold in Nothern Ireland I am not aware of anywhere else that could .
    I am aware that Roland of Galantas and Chris of SGZ know each other and that once upon a time the two may well have been one , I heard that at Minesite when Galantas presented there and I had a long conversation with Roland and his PR guy who loved his motor bikes and the Isle of Man but that was a long way back .

    Off to research the next piece on my list !
 
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