Voltalia Ord Shs VLTAF

vtr on bnn

[Bpultra]

eom

[Mick16]

Do you have a link or the description of the article/video pls BP?

[Bpultra]

It was eric  from sprott answering and e-mail you will be able to see it later on BNN .com they delay it if you do not subscribe  

[Bpultra]

sorry charles oliver not eric

[ALLEN4]

Charles Oliver works for Sprott, I believe, and runs a gold fund.  Anyone know what he said?

[Bpultra]

yes he is ... in short the miss down south and not getting more oz in the ground proven hurt... but he likes kevin and says if he can get the grade up .. we will see 2.00 bucks plus ??? you will be able to hear it on bnn

[Bpultra]

https://watch.bnn.ca/#clip795581right at the start

[gold_diggers1]

wow, Charles Oliver indicated that people were expecting 300K - 400K - 500K oz Au from Kiaka South....... No wonder sp dropped from mid-80s to 50s (with only 118K oz).    I dont know how people expected 300K - 500K oz? given Kiaka South was only a little satellite area from Kiaka Central..... Maybe more drilling is needed to expand the resource at Kiaka South?    Now

[Goldflow]

No, they've actually done too much drilling on the Kiaka South area, and in my opinion it seems there's no gold there. They didn't do just a little scout drilling, they did about ~35,000 meters. The Kiaka Central has over 5 million ounces with 118,000 meters. The SP dropped because people were expecting atleast 500,000oz with higher grade. 100,000oz with only 2g/ton was not good, and

[Goldflow]

Also if POG stays above $1700, I believe it should improve IRR, as the gold price used to construct feasibility studies I believe are taken from an average over several years. Therefore we would be using a higher average, which should made payback period shorter too. Correct me if im wrong though.

[gold_diggers1]

Goldflow - thanks for answering my questions/concerns.... true or not, at least you tried! . Does that mean no more drilling at Kiaka South?   Then management should focus their money and efforts to bring Kiaka to a mine! . GLTA  

[gold_diggers1]

I listen to the video clip again - Charles Oliver talked about VTR on BNN.....   Quote - ".... They have been building a substantial resource, ehr... about 4 million oz if you include all the inferred and such...." . I thought from the PFS, VTR has nearly 5 mil oz including M& I  and inferred.... only when you look at Proven and Probable reserves, then it'

[gold_diggers1]

Dont know what happened to the table data.... Stockhouse is weird in this regard.... or I dont know how to paste?? . Measured              31.37       1.13           1,135 Indicated            

[onematch]

GD, He likely just got it wrong. Might be worthwhile asking BNN to note the error on their next show. We could sure use some extra attention right now. Cheers, One Match