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The good thing is the company is now generating weekly revenue with gold recovery. And has reached the targeted alluvian gravel with even higher concentrations of gold (and diamonds?).
Jan/Feb was mostly sand-gold concentrates that they have stored, but haven't gotten the gold out yet (no revenue). That explains having to sell shares even into March for revenue.
Grawsha that isn't for 2011, but future as big funding becomes available. A good future no doubt.
Today we will be increasing on the 1800 acres, what? Maybe to 2500 acres?
Hopefully on the targeted alluvian gravel, SGCP can recover 100oz/dredge or 500oz/month of gold for April and May. Possible I think if the gravel really does contain the gold in high concentration.
Grawsha how do you figure?
Seems to me the best they can do is $2 million. SGCP should be recovering a lot more diamonds especially on Sewa.
"a large quantity of high-grade concentrate has been recovered and retained for future processing"
This sounds like the same 2-hour concentrate that went thru lab analysis and had the high grams/ton numbers - but we can't currently recover the gold???
Disappointing. Especially the amount of diamonds recovered. Not even close to their estimates.
Looks like their conservative estimates were too optimistic.
These results are closer to their historical (last 3 year) averages.
105/5 = 21 oz/dredge. The average good month was 30s/dredge.
I thought someone on this board was lamenting that some non-producing gold mining companies had stocks near $1.
Thanks Wait,
Oh well. Hope SGCP has learned a lesson. Critical passwords can't just be in the head of 1 person.
Penny, the guy probably enroute.
Thailand - what a 2 day flight trip?
Thanks. Guess we have no backup webupdater.
Guess we will find out if PT was kidding or not tomorrow.
Maybe they decided to post it after hours
since they didn't do it before hours.
Could mean significant info - ie stock price moving - is included. Just guessing.
FR maybe tomorrow.
How about addstaff? One temporary (1day) webmaster hired.
FR come out come out wherever you are.
Glad your back B4!
FR come out come out wherever you are.
With a GOOD FR, how high would the stock go today?
Where's that webmaster?
Hope FR is GOOD news.
Thanks Cork!
stock price going up with VOLUME!!!
Come on 3s today and come FR with ounces & carats.
My guess: SGCP makes 2x more in diamonds than in gold. I know that SGCP wants to be known as a gold firm.
Raw diamond prices are going up, plus one only needs to find several 6 - 10 carat diamonds to jack the price up.
Aren't there any ancient gravel deposits near Sierra Leone rivers that we can open pit mine for diamonds and gold? Maybe a small front loader and wash plant/sieves under a large tent?
Mrbr, the Bork/JBIT kryron-aluminum armor is superior to what are troops are using today (level iv). JBIT just chose a lower rating to start the NIJ cert.
Look at the Roy/komo demo. Those are AP rounds being shot almost point blank range: over 60 AP rounds - and the armor plate is still GOOD. Some of those round had to hit the same impact location several times. How is it put, one can turn the armor plate around (bulge would face outside) and continue using it.
Wow. Interest building for Bork and amazing kryron armor.
Just 1 major contract and the stock price takes off.
Maybe $.003s tomorrow and an FR with ounces/carats?
1000 oz gold for 2011
5600 carats of diamonds for 2011
== good 1st profitable year.
Anything above that is pure great gravy.
These figures are much less than SGCP conservative estimate.
PT when was the stock price ever $.0004? I remember it dropping very briefly to .0005.
Should be exciting day tomorrow with PT's group selling up to 25 million shares. And maybe an FR from SGCP.
They know we are anxiously awaiting numbers that they already have reported to them. So why are they waiting to release them?
Sham good catch. But I still think by now they are over 2 billion shares by millions.
Based on Form D, sounds like SGCP has more than 2 billion shares outstanding now. As of 31 Dec, SGCP was only 26,000 shares from 2 billion.
Beginning to look like there will be no FR in March.
If SGCP can recover 35 oz gold/dredge/month (six 50 tph dredges), SGCP will make money/profits ($1.47 Million/season) for the 1st time.
Additionally, assuming 500 carats/dredge/month adds more to the profits (12,500 carats/season)!
LTI we all want the FR/PR with actual recovered ounces/carats info (the facts).
We know SGCP has recovered 40 to 60 ounces of gold/month in the past. Although not consistently.
SGCP should succeed this time/this year with 5 dredges operating.
They only need to recover 35 oz/dredge of gold to profitable (assuming good recovery of diamonds also).
This time SGCP should succeed.
imo $400,000+/month between gold and diamonds is great success for a company losing money for 4/5 years in a row.
SGCP should be able to make the above with the equivalent of six 50 tph dredges. $400k * 6 is still over $2 million for the year.
This allow them to quadruple next years dredge capacity and increase farming and increase kiri trees.
200 oz gold *1400 = $280,000
$150,000 in diamonds
PT thank-you for the info!!!
I think we are all anxiously waiting for actual recovery news.
So far all we have been given are estimates from Oct 2010 and a 2 hour concentration sample and it's almost APRIL.
Sounds like SGCP's conservative estimate of $1.5++ million didn't happen in February.
Penny, I'm personally looking for a monthly (February's numbers).
February is the 1st that all 4 dredges were working full-time and the 1st time that 5 dredges have been operational.
SGCP has published an FR Jun, Jul, Aug, Sep, Oct, Nov, Dec, Jan, Feb. So I'm waiting for the March FR.
From what I see of the previous gold results, they know the numbers within 2 weeks. So I'm guessing they know the numbers thru the end of the 1st of March.
I hope they publish the entire month of Feb numbers in the March FR.
I see no FR yet. Looks like selling starting. Over half the mining season is over and the company has not officially reported even 1 oz gold or even 1 carat diamond recovered.
Come on FR with ounces and carats.
SGCP will make more money in diamonds than gold.
Can get around $250/carat.
With gold we lose 10% to refiners(?).
Gold prices fluctuating between $1380s - $1460s.
Rough diamond prices going up 20 - 25% in 2011.
SGCP conservative estimate
108,000 grams = 3472 troy ounces:
579 oz/month (using 6 months)
3472 * $1400/oz = $4.86 million
27,000 carats in diamonds * $200/carat
= $5.4 million for season.
=================
SGCP conservative projection:
$10.3/6 months = $1.7 million/month
---------
Let's see if Feb provides even $1 million in revenue.
Well early this week would be today (didn't happen) or tomorrow.
Thanks Gussbee. I always felt that the lack of Global/JBIT manufacturing capability would put the NIJ cert at risk. Although JBIT didn't seem concerned at all.
Now that we have the capability, the NIJ may happen soon (maybe 1000/day is the magic number, probably lower maybe 500/day). Bourque said the following on their new website:
""We chose to pursue body armor as our first product line, because we believe our men and women in uniform deserve the best protection available, as soon as possible. And with the opening of our manufacturing facility that can produce 1,000 plates per day, the best protection available is Kryron Terminator strike plate technology""
I was pretty sure last year that kryron-aluminum was ideal for the advanced combat helmet and sent the company info on it. I'm sure they already knew. I think the helmet will be another wow for Bork as far as protection.
How sure are we that a FR is coming out this week?