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haha! yup...glad I didn't make that mistake....Mush would've wound me up mercilessly!!!
Hi Spratt- Let's hope we are close to right! That is my minimum target....so that would be amazing :-)
ATB
clock caving!!!...could have been worse..**** craving?
Panama, good point and something i complete overlooked...the valuation per resource oz was based on a few companies listed on the mining maven article and probably based on the POG at that time (less than $1500 i assume), so yes based on todays POG we could easily double that!
So as a quick calc:
Resource size:20m Oz
Valuation per Resource Oz: $694
Shares in circulation: 3,782,048,524
Based on the above the Sp would be approx 84p. Pretty much on point Panama. And that is just Hav.
Don't fret Mush....tip of the iceberg I am sure! We have a lot of the shiny stuff waiting to be dug up! Who wouldn't leap back into this stock for a piece of 'that' action when it becomes public knowledge. I sense things moving and judging by the growing numbers of this merry band on here, I think others can smell it too:-)
Yes he is panama.
But more pressing at the moment is what miserable w...............r (warrant holder) just knocked the price down from 14.2 to 13.7 p just at the bell?? I mean, who could live with themselves after doing such a thing? (Thankfully corrected back to 14p by someone sensible, as I type).
Hey Mush....haha..yes I'm with you and I believe in our TMT cos he sounds diligent n smart so I want to believe him :-)
(meant as a compliment TMT:-))
haha BLOCK caving
Hi Spratt- I am useless at calculations but looking at Investor Journey's analysis with POG being much higher now and a low AISC if method of mining is clock caving etc...wouldn't 20m oz be closer to at least 85p? or am I way off here?
"Any comments on the above?"
Only this...yeeeeaaaah!!!!
(panama..ref the sp..according to TMT it's the blimmin warrants holding it back).
So as a quick calc:
Resource size:20m Oz
Valuation per Resource Oz: $200 to $370
Shares in circulation: 3,782,048,524
Based on the above we are looking at between 24p - 45p just for Hav.
Any comments on the above?
sorry I mean Resource Oz...Mining Maven used between $200 and 370$ USD in this article.
https://miningmaven.com/blog/1009-the-elephant-in-the-room-how-large-could-greatland-gold-and-newcrest-mining-s-havieron-project-be-ggp-ncm
Great question Spratt ! Only from reading I have seen quotes on here suggesting around 3p per million Oz depending on grade? I may be off the mark as it was a little while ago. Best MFU
Paddy, or anyone else..what is a good estimate for value per resource oz?...any calcs would be appreciated.
@ Paddy
When do you think we would get a second MRE
Thanks Paddy - that would be a lovely starting point especially if you have been rather conservative - best way. Thanks again.
Thanks Paddy likewise I would be delighted with 5-7m pleased with 3-5m and over the bl##dy moon with 7m plus !! Best MFU
@MFU - I think that was a reply from somebody else who was probably saying if the copper, sulphide extensions and all the breccia were included then the MRE would possibly end up being 15m ounces. That won't happen as the drill density to achieve the JORC standard necessary to be included in the MRE won't be achievable in the time available to NCM.
I would be over the moon with 7.7m ounces - it could well be less if they only include the sulphide zone but I'm just trying to show what is achievable with what we know now.
ATB - Paddy
Thanks Paddy, good to cross check your calcs against my own scribbles.
Hi Paddy thank you so much for your endeavours. Can you clarify on your table it quotes c 7.7 million ounces total however one of your fellow tweets mentioned 15m ? Which is your version ? Many thanks MFU
Hi 1+1
I have just looked at the measurements in 2D and then used a rough depth to calculate the volumes - I didn't even think to look at the volumes in the NCM report - I have just tried those figures in my calcs and we would lose about 1/2m ounces from my total.
ATB - Paddy
Did GH not say I a recent interview they probably have enough info for a MRE?..or am i imagining that. If that is the case then its possible it will come alot sooner than many expect.
Paddy, nice work, thank you.
For the high grade sulphide zone, do you think it would be more prudent to use the dimensions provided in the latest NCM quarterly exploration report? NCM's figures provide a sulphide zone volume of approximately 4.7m m sq against your 6.3m m sq. Any reason not to use NCM's dimensions for the crescent?
Hi Spratt - I have kind of allowed for that by reducing the g/t from the 6.7g/t that Hannam had allowed in the sulphide zone to 6g/t. The higher grades were in the top 1/3rd and as it narrows down it will transition into the breccia zone which will probably be higher than the 1.5g/t I allowed in there so I don't think it will be too far out.
I'm sticking with the conservative figures for now - Paddy
Paddy, thats very promising as a conservative calculation, now just need to find that mining maven article which would help translate that into a a SP value.
Do you have the figures for a not so conservative but a realistic estimate i.e including the copper value as equiv gold. Now that would be interesting
Also you have taken a prismatic approach, what i remember from some of the graphics was the horse shoe was a little more conical, ie smaller as it went down...just a thought.