George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Thanks for clearing that up Paddy!
(Keep up the good work as its very much appreciated!)
MB :-)
Stout, have just had a good look at the Petropavlovsk company website, and apart from them having a clear, well designed website, they appear to be a very well run gold exploration , mining and producing company. They are growing, they are profitable, and they are increasing their POG processing plants , which I think means that they will extract more of the gold ore per ton than by using previous methods. They are forecasting increased production.
Nothing is certain,but predictions before Coronavirus were that Gold prices would move north towards $2000. A serious expansion of the virus might well harm world trade , and thus accelerate incfeasing Gold prices. ( speculation only - I have no expertise other than plenty of reading research ). Exploration companies show less response to gold price than miners.
If Thursday produces some SP action, I may take a serious look at Petropavlovsk and split the gold risk.
Tigger hi,
You are very welcome :-)))
ATB
Tom
Stout / Tome ; many thanks for your prompt prompt. How pleasant it is to use the board in this fashion,- erudite and educational contribution , knowledge ,learning, no drivel or personal bashing. A pleasure to do business -as they say.
Long may paddy gall a nd yourselves continue.
May Thursday bring us all much contentment
Paddy youre a star, ill have look through.
Hi Matty,
I think that's what he is getting at - the ore could be worth that much if you could literally extract the gold/copper from it for zero cost.
$120 / tonne @ 2.5g/t
Divide 31 (grams in an ounce) by 2.5 = 12.4
Multiple by $120 = $1488
I think he is trying to show why this would be a no brainer for NCM provided the OPEX, CAPEX, metallurgical, etc, etc are all ok.
Cheers Paddy
https://www.cityam.com/petropavlovsk-strikes-gold-as-sales-soar-in-final-quarter/
Tigger hi
The company is Petropavlovsk and it is about POX - pressure oxidation. Code POG
May be of help?
Hi Paddy,
At the end he states ''2 g/t Au and 0.4% Cu equates to ~~2.5 g/t Au eq or ~~2% Cu eq or $120 per ton in ground''.
Shouldn't that read $120 per OUNCE in ground? (Unless I'm missing something?) as the tonnage he states in the Summary Table is 432 million tonnes which would be an astronomical amount (some $51,840,000!!)?
As a relative ignoramus, I can only grasp Paddygall that you have edited a superlative piece of work, that only gives me an exceptionally enhanced confidence, -even with you possibly being 50% out in your calculations. I would happily sleep at night to know that we had a 15M oz resource. Of course 27M oz would probably keepme awake at night. My compliments.
On a somewhat different matter, I briefly read in Fridays Times Business section, a short report on a UK ? gold/ silver miner in Russia called ??? petrovask or something like that and I just cannot trace the company name anywhere, They had very significantly increased their net profit by changing to a new and more efficient system of ore extraction, that worked near 100% and eradicated tailings. I can not find a copy of the Friday Times, and apologise for my ignorance of the company name.
Does anyone have access???
Nice one Paddy thanks, much appreciated. :-)))))
Great stuff; thanks Paddy.
No worries Jersey,
It's also worth remembering that Salpetie was getting lambasted on here by certain posters after he was telling people to be careful about the intersections.
That was before we had the corebox model and I think now he has seen the drill data in graphical form he is happier with how it holds together.
In his table somewhere between 20-40% mineralised at 2g/t still comes out at big figures.
You can easily scale it up and it can be quite eye watering as I say.
Cheers Paddy
Excellent - got it - thanks Paddy - some big numbers potentially here but appreciate that caveats that accompany them.
Looking forward to seeing whether we have clear views tomorrow!
ATB
I've uploaded it to Mega - try this download link
https://mega.nz/#!N1RhzYJZ!TwYB9i8y9SXZsXoeDkM6igxThuzD8Vl-j9zQ8S15X2s
Regards Paddy
Likewise. Could you give us a brief précis paddy?
Ditto,
UR
Spratt -me too - just tried the same.
ATB
hi paddy,
thanks for the link. unfortunately i cannot access...says i do not have permission to view the page. I am registered.
Thanks to all responses some fantastic and well balanced feedback really appreciate. MFU
Paddy, I think GH reiterated that at the agm as well.
Spratt
Have a look at this document created by a retired exploration Geo (Salpetie) on Hotcopper.
He has used the data from the corebox 3D model to extrapolate some values into a table - this was using the latest data from the 2nd December
Some of the figures will make your eyes water so as they say DYOR.
https://hotcopper.com.au/attachments/1892628/?filename=HAVIERON+DEC+2019.pdf
Cheers Paddy
Thanks paddy, I’ll take that!.
It would be great to revisit the Sprott report and get an idea of how the initial volume assumed in the report has increased taking into consideration drill results since the report. One could also extrapolate this further by assuming the step outs on the satellite have hit mineralisation too. If anyone has the info/ability to do this it would be useful
Spratt,
I'm pretty sure GH said in a Proactive video that the copper works out to about 0.8g/t Au equivalent in the high grade zones.
Stand to be corrected on that but 99% sure.
Paddy
apple thanks for posting the line to refresh our memory!. The intercepts are amazing, also with the additional cooper, I wonder how much the copper adds when calculating total gold equivalent?
Still amazed at the latest drills..
Had 021 128m @ 3.4g/t Au, 0.44% Cu from 670m
Had 023 - 107m @ 2.2g/t Au, 0.22% Cu from 656m
Had 020 122.9m @ 1.7g/t Au, 0.36% Cu from 673m