Hello 2mars$, been continuously busy w/ 3d activities, getting into home office at 3 / 4:00am, town office occasionally, napping at 2:00pm, back to work by 4:00pm, watch mindless DVD tv shows at 7:30, and nodding off by 9:00pm latest. All good work, either mining plans, presentations, e-mail exchanges, or the same but for some teeth venture I had been working on since 2004.
Have not had time for market maneuvers.
One, I do not actually believe any maneuvering is required, called for, or advisable unless one is on the job full time and all effort, and in front of a realtime screen; and not even then for the most folks, because the most must lose.
Two, I think one must let the 1st quarter and part of the 2nd quarter to play out before true more-upside-than-downside opportunities reveal themselves.
Three, as I am just about all-in, do there isn't much I can do to dramatically improve my situation, so I am saving myself the waking time to catch shut-eye :0)
In 3d we are gearing up to do first-pour during April (of course / naturally late April ;0/ on project #1, the gold mine & mill. We need to do first-pour from working the oxide ore ( w/i 15 meters of the surface) so that we can afford the Albion process capex and graduate to processing the significantly higher grade sulfide ore (below 15 meters).
We are also preparing to raise money for the 3rd project, the gold / silver tailings pond & mill. We need capex and working capital for the project, and in serious sums, at ~5x our acquisition cost. Good news is we paid the acquisition cost in cash, and the monthly care and maintenance cost is bearable for the short term, so we do not actually have a burning fuse on the fund-raise. We have been working on the presentation, and I have been creating and populating the proforma that is 49 mbytes large, month by month, for 10 years, until all goodness in the tailing pond is 'mined' by pumping the goodness stirred up by dredge boat and sent via plumbing into the goodness mill.
The eventually empty tailings dam can be sold to area mines for 6x what we paid for acquiring the facility and the attached base metal mine (lead n zinc). We shall refrain from base metal mining and only concentrate on the gold / silver in the tailings. Since the tailings be essentially powder / fine silty sludge, we do not require expenditure of energy to mine, transport and crush. We do need to mill the already fine powder into super fine powder to suit the gold processing requirement. My understanding is that we have 300x our acquisition cost in in-situ metal value and with the right smart capex we can extract the goodness at minimum per Troy oz cost, say around 2/16 of the metal value at current pricing. Tasmania electricity is amongst the cheapest in australia and the world. We shall see.
Obviously the business of environmental clean up would be better if metal price ramps as at least I expect.
In the mean time Erita has been tested and 8-years young, in grade 3, reading at 8th grade level in both English and Chinese. We have heretofore refrained from pushing her. I am now making available to her the classics, starting with "Anne of green gables" by l.m.montgomery.
Btw, our German Swiss friends are traveling, and Erita is practicing by taking care of their cat, readying to save a kitten from the SPCA by time of her 9th birthday in October. She has always wanted a cat ever since 3 and we said she can when 9 and if she can care for a cat on own. The visiting cat is very good, no scratching anything except the scratch pad, purrs, friendly, takes to Erita from the get-go, and sleeps on her bed when Erita is doing homework. Picture perfect.
Jack, at 2 years and 7 months, is still being fat. Every time I see him he is eating, and he knows enough to say, "dada, I am always eating". It turns out that his telephone key pad pattern recognition not only allows him to call me, but also his maternal grandfather and paternal grandma.
Between the gold and teeth projects, I may have in the interim succeeded in re-inventing myself from a time-selling consultant into a god's worker, creating smiles, and making available salvation, all the while having fun, not minding working day and night, and always looking forward to Mondays even as I work on Sunday mornings.
It would be good as and when some income come in. Fun does not pay for breakfast, especially when the fun takes up all the time otherwise available for cloud-ATM extraction option moves, and other market maneuvers.
On macro, do not have a good feeling, and believe much true problems are masked by noisy distractions.
Cheers, tj |
