SGZ scotgold resources limited

Quetions

  1. 364 Posts.
    I will be in Tyndrum on tuesday and wednesday , anyone with any questions on the Shares Magazine article or in general can e-mail me on [email protected] and I will put them to our management . I have a good few of my own .
    On my return I will confirm the Mine Visit Date so anyone wishing to come along e-mail me as above
    I have read over Shares Magazine article a few times now and it gets better every time :

    1, "The CSA report also noted that as the vein structure is open to the west and at depth, there is good potential to further increase this resource base with further exploration drilling."
    2, "significant improvements have been made to the access design which will minimise waste development, reduce haulage requirements (and costs)"
    3, "These increases in the quantum and confidence level of both the estimated Mineral Resources and Ore Reserves (completed in compliance with the latest JORC 2012 code) dramatically improves the attractiveness of Cononish to potential project finance partners."
    4 , "A Bankable Feasibility Study will be completed by the end July 2015 and this will demonstrate the full economic strength of the project"
    5, 24/6 processing ,"This development will facilitate efficient plant operation
    and potentially capital expenditure reductions- under the original mine plan this was £23million, but the change to 24/6 plant operation plus improved understanding of the shape and scale of the orebody could improve that figure."
    6, After completion of the Bankable Feasibility Study at the end of July, the company will focus on concluding the best possible financial arrangements to fund the necessary capital. Once secured, and with all the material permitting already in place, an approximately 18 month construction period will commence forthwith.
    7, In the longer term the company has the ambition of looking for other small scale but potentially highly lucrative gold mining developments across Europe where it can apply its skills and expertise with small, high grade deposits similar to Cononish.
    So the short version of this is we have a very good chance of a much longer life of mine with higher grades and lower costs. The BFS will be with us in a month , demonstrating the economic strength of Cononish which will improve Cononish's appeal to Finance partners.
    Now on (5)
    The 24/6 processing is a big improvement adding an additional 8hrs a day of processing and removing the daily stop start process that the 16/6 caused and could allow for a smaller Plant but will we go that way ? Hence the "potentially " and not "will" reduce capital reductions ! With a new improved understanding of the ore body and the reductions in waste and the increased resource that is open at depth and to the west will we stay with the larger plant and increase production or take the saving on capital costs ? Increase production would be my choice .
    Now on (6)
    After the BFS at the end of July we will conclude the best possible finance arrangements .
    I believe that NLR and Co took this on with a clear plan and are more than aware of what Finance they could achieve long before now hence the confidence and the backing with hard cash which now sees the management hold almost half of the company.
    John Bentley , Richard Harris , Chris Sangster , Richard Grey , Peter Newcombe , Nat le Roux
    Now on 7,
    To the future we may well see further Cononish style deposits and we will role out our blue print National Park planning permission across Europe and may well see it within the year , I think our management have already identified some potential projects, this is based upon conversations I have had in the past with our geologists but we will have to wait on that one to see .
    As per I will be putting my money where my big *** is and having some more on Monday
 
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