value-rewards @ValueRewards

Investor focussed on the value and rewards in resources. #Gold #Silver #PreciousMetals #Resources #Mining Joined June 2021

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value-rewards @ValueRewards

5 years ago

$NVO Novo Resources Investments= ~$140m Cash= ~$30m Mill / Process plant= ~$100m+ Market cap is $270m On track to produce 80,000-100,000oz #Gold annually The share price covers the value of the assets and you get the gold production for free!

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value-rewards @ValueRewards

5 years ago

@imabirdhaww And? You are an engineer and so far you have no refuted or even attempted to refute any of the points I've made. It's a simple argument, show me how they are going to mine the gold there for a profit. Because while its in the ground its not worth anything.

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value-rewards @ValueRewards

5 years ago

$OSCI gold & why I won't ever buy a share in this.. They claim to have $4B in reserves at 0.02g/yard who measures gold grade in grams/yard firstly! its g/t or GTFO. also that's $36/yard assuming $1800/oz gold At Soloman they have 0.04g/yard = $72/yard

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value-rewards @ValueRewards

5 years ago

@imabirdhaww @Samskeast @opaxe1 @MinerDeck "They haven't given you their Financials so there's no gold." - This is the crux of the issue. There may well be gold there but if its not **economically feasible** to get it out of the ground and process it you cannot make money from mining it.

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value-rewards @ValueRewards

5 years ago

@imabirdhaww They have ~9,000,000Moz Gold at Beatons Creek alone that's a in ground value of ~$16.5B ! They don't use that as marketing ploy because... **you have to factor in transport and processing costs**

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value-rewards @ValueRewards

5 years ago

@imabirdhaww Novo Resources are actually doing what $OSCI are talking about. They're moving conglomerate gold with earth movers to their milling plant and processing. These are their numbers, taken from here:novoresources.com/_resources/rep… Notice their cut off grade is 0.5g/t

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value-rewards @ValueRewards

5 years ago

@imabirdhaww @Samskeast @opaxe1 @MinerDeck Most mining companies don't even factor in low grade, below 2g/t, in their feasibility or PEA study because they know its not economical and $OSCI are talking about reserves where the grade is 0.02g/t that's 100x less than most other mining company's cut off grade!

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value-rewards @ValueRewards

5 years ago

@imabirdhaww @Samskeast There's gold everywhere. Why do you think @opaxe1 & @MinerDeck post the highest drill results for #Gold & #Silver every week. It's because low grade isn't economical, the higher the grade the higher the profit margin.

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value-rewards @ValueRewards

5 years ago

@imabirdhaww @Samskeast Not to mention the fact that in their test of the "pay dirt" the average grade by 5g/t and in the graphic they only include 5g/t and *higher* grades, they don't even factor in that they could have *lower* grades. 🚩

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value-rewards @ValueRewards

5 years ago

@imabirdhaww @Samskeast Compare that to this chart from $OSCI where they are only factoring in for how much tonnage grade they can move with a front end loader per month. No transport or processing cost. They even have a column for it the mine ran 24/7 which is totally unrealistic. 🚩

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value-rewards @ValueRewards

5 years ago

@imabirdhaww @CriticalHitGam5 ok but square yards would be a measure of area not volume. This is from a random mining company indicated and inferred resources. See how the resource is measured in tonnes by grade... That's what you want to see. It just looks stupid in yards and would have to be **cubed**.

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value-rewards @ValueRewards

5 years ago

Thinking of investing in #Gold, #Silver, #Platinum or #mining #StocksToBuy check out this video from @ProvenProbable youtu.be/HFd9fc7BmAI

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value-rewards @ValueRewards

5 years ago

$HIGH Gold are doing a follow up 8,000m drill program. **A reminder they hit 578 g/t #Gold and 2,203 g/t #Silver over 6.4 m in the first hole at Difficult Creek Prospect. That's 3,880gram*metres Gold Equivalent (anything over 100g*m is good)!! That's also at $34,325/tonne!!

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value-rewards @ValueRewards

5 years ago

@SmileForMoney Point out the part where I was wrong..

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value-rewards @ValueRewards

5 years ago

@DaveWhitman12 bro they literally list the grade in grams/yard not even yard cubed or squared. What depth or width is that yard.

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value-rewards @ValueRewards

5 years ago

The CEO has no experience in mining. "Thomas More is a serial and tenured entrepreneur who has now become the interim Chief Executive Officer with Osceola Gold." and they don't have a geo or mining engineer!! This would be funny if this wasn't a listed company.

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value-rewards @ValueRewards

5 years ago

I'm not even going to go into the so called "pay dirt" they claim is 5g/t which they 'processed' not drilled and they don't mention estimated tonnage, trend depth or length. The numbers are cute but don't include any costs of mining or processing. Geee I wonder why??