Europa are delighted to link with I3E and look forward to early September Serenity appraisal spud. Watch the full video here.
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Share-talk have incorporated the interview notes into their blog with a URL link back to the new GGP Chat Forum.
Might be worthwhile for some here to actually discuss the company as all new investors will find being discussed here today is Boris and they can get that from a multitude of news sources :-))
Tiggerman, you are a youngster compared to me .
Take it easy for the Internet is dangerous.
On-line requires switched on brain and time.
Sorry Panorama , I meant the wonderful Panama.
One gets very confused at my age.
Is over 60p
Lassonde may well reflect the majority of mini miners / explorers , but he has not had to include the amazing likes of GGP / NCM / Hav. So many things have crossed over in the stages, most of the permitting is in place, the staffing , the back up infrastructure is there, the starving processing plant has its mouth wide open for ore , the decline is rocketing down to the ore, the finance is technically in place, the FS , Pfs etc is already privately known and will be published shortly , .......20M oz's .....whow !!!!!
Lassonde would not fit this one easily onto his template.
We are huge, we are still growing , we are unique , ........need I go on.???????
Any comments Panorama , ??? Speedy ???
This should give you some understanding of where we are at and what to expect the nearer we get to production.
Great thoughts and well put, now it seems everyone and his dog is coming to the idea HAV is a 20moz+ mine!
A question for all really we know the sp is cheap, now I can understand why most pi’s have stopped piling in because most are balls deep and have other plans for there monies, but I can’t understand why the institution’s have not piled in more .
I know some have started to increase there holding but not with any urgency!
Just my opinion and welcome any thoughts
Lot out of the interview, Bryncuts contract runs out in October we know the decline behind on time so pushe back the first pay dirt, so stope mining will know be summer 23 Newcrest and Greatland gold have made this known and indicated in the decline plans.to pay for the overhaul cost to bulk mining.low capex.
Hi Ben - my thoughts:
6.5MozAuEq in the bag now, Next "news" that I hope will move the dial is the Newcrest MRE(2).
On June 30th they completed a years worth of drilling @ Hav: 90Km!!!
Mind blowing exploration programme costing an absolute fortune but reaping the benefits.
Assays will take 6+ weeks from this date which is why the results won't be known formally (and then promulgated) until the NCM MR and OR report in August.
NCM have a reputation for being very conservative, we've seen this with their purposeful absence of the GGP(MRE2) results and their PoG and PoCu figures.
IMO - we will see a conservative approach to an increasing MRE in the range of 8-9MozAuEq this August.
In December (DFS), I expect this to creep up inexorably towards 10MozAuEq.
These figures reflect what all the brokers have suggested from the outset (10Moz+) at calendar year end.[DFS].
How will this be reflected in the SP?
Brokers say: 26p.
Can the SP climb from 10p to 20p+ in just 6 short months? :o
20MozAuEq........It's in the runes for definite.
The decline will expedite drill assays for the ever expanding motherlode but we're looking a minimum of 2+ years.
Probably MRE(6+)! By then we'll be building 2 x block caves alongside the SLOS and looking at decades of successful mining @Hav.
Question is: will GGP still be along for the ride?
Maybe it's the fast approaching
Resource Estimate, as Newcrest
Mentioned in a job they are advertising, check it out.
I had the same thoughts Ben…guess we’ll find out on the 21st
The timing of this podcast and Callum’s interview might well mean in Ncm’s next drilling update there will be something special!
I agree, it’s starting to look very promising, I can’t believe Shaun day would mislead shareholders and investors, with a hint at 20 million ounce remark , he’s in a privileged position and I should think to mention 20 million ounce ,or near mark it must have been given the nod by newcrest , it’s all hotting up .
WF - Telfer now has two open pit mines and a separate underground operation.
The mine is one of the oldest in Australia, producing around 6 million ounces of gold between 1975 and 2000, when operations were suspended due to high operating costs. Work resumed in 2004 and the mine up to end of 2018 has produced over 5 million ounces more, producing 425,536 ounces in the 2018 financial year alone. The mine also produces copper, generating 16,212 tonnes of the metal in 2018. Think it also produces silver.
Produced 416,000 oz's Au in last year according to NCM report and 13,000t copper.
Hav will be much bigger than Telfer IMHO in terms of production, but all the gold copper and hopefully other metals are in a much smaller ore-body in much higher grade. And Hav still open at depth and other directions.
The 20Moz is very significant IMO, not just for HAV but for GGP overall.
Listening also to the Callum interview, both CB and SD talk of elephant country and try to build the picture of how they look for larger deposits.
So in this area we have Telfer (how many oz to date?), and now we have HAV (20Moz+). Which one will prove to be the biggest? Are they sisters or is one a big brother? The implication is that there are more elephants about (or maybe baby elephants?). So, IMO, if we have found this 20Moz+ so close to Telfer, the chances of finding one or more of the family has increased. Had we found only a 6Moz baby elephant, we would have a high chance of finding something, but something that may be too small to be economical under 400m of cover. Having two biggies 'in the bag' increases the chances of finding one or more 5Moz+ (economical) babies.
Not a geologically sound reasoning, but if there is more, and we have identified the tip of the potential pyramid - things could get really interesting over the next 5 years or so.
Hi Ben - you are correct and even better knowing that Shaun is highly professional so would NOT say anything that is inaccurate or misleading to the market. No, he has put it out there now so it has to be at least 20m imho!!! Patience will be rewarded!!!
Good afternoon All
Well that’s a nice turn up, not very often a respected ceo comes out with a figure like 20moz without being confident it’s higher!
Bless him! Now who can say he is not trying:)))
Where is Royhobbs?
Good luck all and happy trading
Thank you Dip666 for posting a link to this information.
That new site is a an amazing resource for all shareholders both current and new going forward.
You’ve missed the most important thing in the interview
He mentioned a size of 700x 550m, a basic volumetric is not 20m it’s much higher maybe 50% higher.
- look when you do a relatively basic volumetric calculation on Havieron taking into account grade zonations, you can get a broad brush understanding of a 20 million ounce full body and that's worth pausing … on a 20 million ounce ore body
- but what we have is the area long strike to that northwest at our 100% owned Scallywag in particular and then it goes on to that JURI JV ground that you mentioned
- it's rare something like a Havieron of that scale is an orphan so again it's a cracking place to be looking, we have a drill rig spinning as we speak, RC rig that's doing effectively the pre-collars getting through the Permian layer which is a cheaper quicker and more efficient way to get that in place and then we're going to come back in with the diamond drill rig to bring out core
- and we also have other parties talking to us about exploration or strategic partnerships in in the Paterson and I think that's been a hard won reputation obviously helped from the discovery of Havieron but also from the systematic and structured way we go through our portfolio and of course understanding all the nuances around the geology of Havieron only enhances our understanding of what we're looking for
- we're also looking at some of the exploration opportunities on the mining lease, so stepping outside of Havieron proper, that's very good again finding brecciated areas, you know it makes us think that that brecciation zone is maybe bigger than we originally understood, which gives us an opportunity for satellite ore bodies
- and Charlie you mentioned before around you know having that critical scale, what you see with a lot of developments is once you have that major asset you can then bring in those satellite deposits, so whether that's up on our, on a 100% Scallywag or Rudall or on the JURI JV or on this mining lease, it certainly lowers the economic hurdle when you actually already have the success of Havieron in situ
- and then the other one we should talk about is the decline, you know that that continues to progress, we've always articulated that as you get with depth there that Permian layer is not homogeneous, it becomes better firmer ground with depth and I think shareholders should continue to have that expectation
Notes from Shaun Day Interview with SI Capital - 01 July 2022
I cannot imagine a much better Q & A than that. SD sounds more than excited, - he mentions the excited word numerous times,
He actually mentions 20 million oz. some of us who suggested that a year or so ago were laughed at. Now this the CEO rattling the figure out, and I believe that is a cautious suggestion.
He uses the word elephant country, - he confirms the word world class to Charlie with confidence, - he suggests finding anything now like Hav would be stunning but with the inference that its is a probability / possibility. All the geological surveys are indicating that happening .
He confirms a wonderful platform , a wonderful team , a great relationship with NCM , and every opportunity to unlock value from the portfolio.
Also talking with other parties about .....????? He would not reveal that without being well down the road .
He thinks he is excited . Well I certainly am . Even moreso. We should be flying by the year end , once the 5% is out of the way. The SD statement is quite remarkable.
And he is certainly catching up with You Bamps .