horaceanddorismorris
14 Aug 2015
What a useless website !! It shows trades of 3 million. And yet, at the same time, it shows no trades at all after 8:48 this morning. Well, it's either one thing or the other, iii. Which is it ?? If you're not going to be more help than this, why bother?!The reason I even bothered to check was to see if my own buy was showing. Added anther 575,000. As I've said before, vfb, the difference between you and me is the difference between Barcelona FC and the Dog & Duck Reserves in the Basildon Sunday Pub League Division 4. But the spirit and the optimism is with you, my friend!! Good luck to all of us!
vfb
12 Aug 2015
Video Cononish 2,3,4 [link]
vfb
09 Aug 2015
The Herald [link] note of the comment on funding !---------- ---------- ---------- ---------- ------Scotgold Resources has said its Argyll gold and silver mine is viable even if gold tumbles to $700 an ounce.The AIM-quoted group has published its promised ‘bankable feasibility study’, based on the company’s mineral resource and ore reserve estimates produced during 2015.At the current gold price of $1100, the peak funding requirement for the Cononish mine near Tyndrum would be £18.5million, with total life of mine capital of £24m.That selling price would translate into net pre-tax cashflow of £43m, an internal rate of return on investment of 45per cent, and a payback period of 19 months.It assumes average annual production of 72,000 tonnes, at a grade of 11.8 grammes per tonne, and an eight-year life of the mine in the Trossachs National Park.The financial modelling shows the sensitivity of the business model to the gold price – at $1090 yesterday – to demonstrate that the project will not be sunk by further falls in the yellow metal. Net pre-tax cashflow would be £33m at $1000 an ounce with a 35per cent rate of return, £22m at $900 with a 25per cent return, and £1.5m at $700 – at which point however return on capital would fall to zero.It also shows that should the gold price bounce back, cashflow would jump to £54m at $1200 an ounce, £64m at $1300, and £85m at $1500 – closer to the price of gold when the project was first mooted six years ago.The study envisages a “rapid implementation schedule of 16 months post contract and finance completion”, and Scotgold says it has already been offered “indicative terms by leading banks to provide debt finance for the majority of the project’s funding requirement”. It expected to sign an agreement in the near future.Richard Gray, chief executive of Scotgold Resources, commented: “The (study) illustrates the robustness of the Cononish Project with the mine profitable down to $700 per ounce, and provides a very solid base for our ongoing discussions with potential project finance providers. Once concluded, we look forward to putting this fully permitted project into development and pursuing its strong upside potential, which includes a possible mineral resource extension and the likely price premium for gold with proven Scottish provenance.”The study says the mined gold will be sold “at the gate” to third party processors. “The process plant will be housed in a single multi-use building which will also contain a workshop and office area. This is designed to have minimal visual and noise impact on the surrounding area.”Scotgold Resources was floated on the AIM at 6.6p in 2010 and hit 6.9p when the national parks authority said controlled small-scale mining could boost the local economy. This year the authority has given permission for 24-hour mining, cutting the cost of production.Share article But the fall in the gold price from $1600 five years ago dampened investor enthusiasm, and the company had to be rescued last year with a cash injection from IG Metals tycoon Nat Le Roux, who is now chairman with a 40per cent stake.The shares were up two per cent at 0.76p
vfb
05 Aug 2015
Presentation [link]
buzzard stubble
05 Aug 2015
RNS BFS Richard Gray, Chief Executive of Scotgold, commented:"The BFS illustrates the robustness of the Cononish Project with the mine profitable down to US$700 per ounce and provides a very solid base for our ongoing discussions with potential project finance providers. Once concluded, we look forward to putting this fully permitted project into development and pursuing its strong upside potential, which includes a possible Mineral Resource extension and the likely price premium for gold with proven Scottish provenance."ch
carliol
04 Aug 2015
Compare Xtract With SGZ Interesting news item regarding a gold discovery in Chile. Compare the Chile mine AU grade grams per tonne with Cononish and it makes SGZ look an excellent investment..[link]
vfb
03 Aug 2015
Questions Anyone who is not attending the Mine Visit and would like a question put forward e-mail me at [email protected] and I will put it to our CEO on your behalf.I have several of my own about the obvious but todays RNS has thrown up a new one , what has been revealed so far by Drs Gumiel and Arias."In parallel with this regional program, Scotgold continues to evaluate high grade outcrop samples identified by previous exploration close to the Cononish project. This includes re-evaluation of the Arichastlich, Coire Thoin and Crusty's Veins in light of the early results from Drs. Gumiel and Arias."
vfb
03 Aug 2015
Tick Tock The Bankable Feasibility Study (BFS) is now complete and awaiting final sign off by the consultants. The results will be released in the coming week.In parallel various financing options are being considered for the necessary capital to bring the project into production. These will be advanced in more detail once the BFS results are available.GRAMPIAN GOLD PROJECTThe Company has engaged the services of Dr. Pablo Gumiel and Dr. Mónica Arias of Consulting de Geología y Minería, S.L., to conduct a structural study of the Cononish deposit and Tyndrum area. Dr. Gumiel is an expert in structural geology and the structural control of mineral deposits with over 38 years’ experience in research and mining exploration. Dr. Arias has over 15 years’ experience as a specialist in database management of geological-mining data, Geographical Information Systems (GIS) and 3D geological modelling. To date, Drs. Gumiel & Arias have spent 20 days, over two 10 day periods in May and July 2015, collecting data, in conjunction with the exploration team. In addition, significant work has been undertaken on the existing database to develop 2D and 3D representations of data. This study aims to place structural and geochemical controls on thedistribution of gold across the Cononish/Tyndrum area. The structural and geochemical criteria for the Tyndrum area are anticipated to be applicable across the Grampian Project region to aid and focus regional exploration. The final results of this study are expected in September 2015.Cononish 1,2,3,4
Gunnersyeo
01 Aug 2015
On the Canadian Radar AIM Round-Up: Scotgold Resources Gains 27 Percent...[link] number of resource companies made it on the top gainers list for the index this week. Dual-listed exploration company Scotgold Resources (LSE:SGZ,ASX:SGZ) was up 27 percent on the AIM this week, closing at GBP0.74 per share. The company’s main focus is the Cononish gold-silver deposit, located in Scotland’s Grampian Highlands.[ENDS]
vfb
31 Jul 2015
Re: Mr Market Maker Apparently , the first couple of days next week count as the end of the month to , lolI'll buy all those attending the mine visit next week a pint to make up for it .21/01/2015Richard Gray, Scotgold's Chief Executive Officer commented: "This MRE released today is truly a cornerstone for the Cononish Project and Scotgold Resources. In addition to the significant increase in resource ounces, this work done on the 3D modelling in particular will underpin a more robust optimisation of our mining plan. This will be of great value to the Board as we look to further optimise the project and make plans for the funding and development of Cononish. "
vfb
29 Jul 2015
Mr Market Maker Stick this in your computer !Make sure you don't hit it the wall Mr MMIf this news we are expecting goes to the end of the month as it has been mentioned in RNS's ( end of July )then thursday is the last day for all to buy before what must surely be good news ! Previous costs where £436 per ounce which was before the Significant Resource Upgrade of 21 /01/2015 :[link] M&I Resource has had a 9% upgrade increase to 14.3G/t Au since then The Resource M&I Resource has increased by 201% since thenThe Total MRE tonnes have increased by 34% since then24/6 Processing has been granted by the National Park since then, far more efficient than the previous 16/6A new mine development Plan will be revealed surely saving costs from before A premium will be paid for Scottish gold Scotgold will receive a 40% share of the company marketing the Scottish Gold , 100% mark up expected Cononish is open at depth and on the west strike Cononish will be a high grade low cost mine Cononish will be amongst the worlds top ten grade producing mines Cononish will be amongst the lowest cost producing mines in the world Cononish is just the beginning All of the above is based on research which is second to none , don't believe me check it out for yourself Mr MM ![link] have been in the mine more times than I care to remember although I do have many a fond memoryI have flown over our licence areasI have stood on our drill rigs in operationI have been to the top of Ben Lui and surveyed Cononish from aboveI have panned the local streamsI have attended planning meetingsI have attended Presentations and will be attending the next PresentationI have built a position in SGZ that is behind only Richard Harris and NLRNow I am finished blowing my own ---- you can make your own mind up Mr MM but you can kiss mine if you think you will be borrowing mine As a famous Scotsman once said on film "Here Endeth The Lesson"NUR DER VFB
vfb
27 Jul 2015
Re: Mine Visit Last Call For the Mine VisitHas been confirmed as the 7th of August I have contacted all those who have already expressed interest via e-mail Anyone else interested , [email protected] [link]
vfb
23 Jul 2015
Re: Highest Grade Gold Mines the end of the month it may well be in the top ten for the lowest predicted production costs
buzzard stubble
23 Jul 2015
investor evening 12th Aug Investor evening hosted by Shares MagazineMeet the CEOs from Ortac Resources &Scotgold Resources on 12th AugustWednesday 12th August - 18
0[link]
QatarMan
22 Jul 2015
Highest Grade Gold Mines Looking at an article in Mining.com, Cononish will be in the top 10 of the worlds highest grade gold mines, with a grade of 13.1 g/t (that would make it 9th out of 10).[link]
