Come on guys, Time to sell out, Plz... Haha
I really like the look and prospects of this company, I've been steadily reading up what I can find on them since I learned about them early in May. Last Monday I finally freed up so cash and put in a starting bid at 26 cents, but we are yet to get back to there (I had one chance to get in at 26.5 which I regret not taking). If this goes much longer I'll have to increase my bid to 28.
What I'm really interested in is the recovery possibilities from essentially re-running old tailings from already worked ground where recovery rates were likely below 90%. As a fan of Gold Rush, they talk a bunch about recovery rates when running ground and how the machines they use running properly recover between 90-95% and they trap nuggets and flake gold. From what I'm understanding with this company and their technology, they can get smaller flakes and almost dust gold that can't really be pulled anyway else. The older producing mines these guys are targeting using tailings from likely had lower technology and likely quality methods than are used now and likely did not trap as much flake as now possible. They talk about the recovery process being super cost effective and I'm going to assume the labour price will be low also as we are talking about ventures in lower economy countries. Add in the fact, they discuss that they are using tailings from land that has no other current or prospective use, so for land owners the fact anyone wants to buy thier dirt to run it's a bonus for them even at the super low costs they are talking.
From what I'm reading they are still perfecting the recovery processes but are struggling with climates and currently only this somewhat tropical temperatures are the only areas that the process is working effectively. But I anticipate that the science side of this will improve further and open up more locations/conditions this work is possible in. I've also read that they are the only ones on this technology.
So far they have modelled a 5ish year plan of adding 2 plants per year in already agreed upon areas, with many more countries/areas looking on interested on how they develop.
I've looked through SEDAR and other sites/info and I can't find regular quarterlys, I found a 9 month and anouther statement but nothing regular. Using the 9 month, I've projected thier quarters will fall in the end of June, September, December, March system which I would expect to start either this June (reporting in July) or September (reporting in October) as they go into production with the completed first major plant.
I personally find this not only a great opportunity on the idea of gold production, but also the use of thier technology growing. Most of the time your buying a gold miner just on what the inferred resources are in the ground and how much it will cost to get them, in this case getting to resource is very cheap it's just a case of running tested, rich enough ground, quickly & effectively and hoping the recovery method works as projected. The 10 project locations discussed are great, but what about 100s maybe 1000s of others that may become avalible as the technology proves it self, develops and becomes more effective especially in a wider range of climates. And also take into consideration, as the price of gold rises, lower quality ground becomes profitable which opens up more options.
This is not without risk, they as a group are yet to show major results both as a buisness venture and with the technology, and I expect there to be issues and hiccups along the way and I don't bank on them hitting thier full projected timeline. As an investor I'm willing to throw my money behind this at a good price as I see very good potential and returns even if they come up shy of projections.
If anyone else has more info, please share!