This has been a long and somewhat painful journey with many a setback .
Many a shareholder didn't back the company in the last RI .
It has been a hard long journey and all that way we have always lacked that hard earned dosh we needed
Now we have a Chairman with vast experience and deep pockets and a pair to go with it
He has done what it says on the tin:
The debt is gone
The M&I resource has doubled
The grade is enviable at 14.3g/t Au and 59.9 g/t Ag
The NP has granted 24/6 processing which will reduce our capital costs
The costs will be reduced from the already low $698 ( includes 16% contingency )
The increased grades will see our annual production increase
The increased resource will expand our mine life
The resource is open at depth and to the west
I have walked most of the local area around Tyndrum
I have panned the streams and the area has lots of gold
I have flown over the area
I have been in the mine a dozen times
I have done more research on this than anything and I am not surprised in the slightest as to how much our Chairman has invested here , he has obviously more experience and knowledge and money than me and maybe all of us and when he says " Significant Scottish Gold Mining Industry " I believe him
News will be out this week .
I don't think we paid off RMB for nothing after all they where going to lend us £ 12m
NLR has a plan and he is implementing it and we are on countdown !
This little gem has everything you could ask for
High grade resource , 14.3g/t Au & 59.9g/t Ag
Open at depth and to the west
Low production costs
A premium paid for end product
40% of company marketing our gold
£ 600,000 government grant
National Park Planning permission , a blue print for mining anywhere ( watch and see )
Multiple high grade drill targets
Large Licence area secured
Cononish is just the beginning
SGZ Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
