Petro Matad funded for its drilling programme which should see production start next year. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Unfortunately I do not have the time to read every post here.
Agree - BR - chin up - great work on here and with podcast with you and bamps 21.
I'll not be capitulating either. I have been buying. Have been looking at other junior miners - have another 5k left from this years ISA's to place - was not going here but think it is now. In deep but happy - old hindsight wishes I was not so cautious from 1.6p through to 12p buying range.
I am okay, JIffy, but I appreciate the sentiment nonetheless.
BR, Keep your chin up mate, you sound a bit down:O)
It will be all right on the night as they say :O)
I think this is a very good assessment of the situation. The value of GGP went from from c.40mm (typical for an explorer who maybe has a sniff of something good, that maybe could be monetised through a sale to a miner), to 800mm when it was confirmed there's definitely something good down there (and yes, I know, for a while well over 1 billion) - and now it's sitting around that level. A difference seems to be that GGP wants to stay in the game and be involved in the exploitation of the asset - a reasonable ambition - but they also want to keep doing the 'little' exploration company exploration stuff. I'm not sure they fit in terms of company structure - and whether an exploration company should fund it's future search using earnings from one successful mine vs. sell the asset and focus on their skill set?
You have to go elsewhere to find another 40 to 800 jump, and you have to wait for more concrete data for the 800 to move up. I think it will - unless something negative comes from on the ground or the financial engineering around the JV is flawed somehow. I do wonder why GH left in what seems like a bit of a hurry on the back of what seems like great news...certainly someone didn't agree on approach with someone else?
Bottom line I think this mine is going to happen and share price will be 50+ barring an unforeseen disaster
I suggest you look at the accounts, there are no assets booked to the accounts of any note.
This is why we need the PFS, FS and Decision to mine ( the bankable study).
Each study will add value on the accounts.
The Decision to mine will propel this share.
Don’t knock the messenger as he is correct on paper but we all know this is mega, the market on the other hand needs proof.
Finding another Tier 1 will be very hard and costly, they are very rare. There will be very few successes.
Havieron is unique, I keep saying there’s only one Havieron and I am really convinced of that.
It’s got gold and copper in big quantities, unique and it’s MASSIVE.
Smith57 - Be a guest on the show? lets get to see what you have to offer the board. If your not willing to do that, don't snipe from the long grass, makes you look a bit silly.
That is one extreme way of looking at it I guess. - and one I did not really think about when writing that post.
But you must have seen the images of the box cut, you must have seen the MRE at 4.3Moz eq. you must have heard about the 85m at 11g/t - so whilst I may have called it a "sandpit" you and I both know it is not.
However. this is in its infancy, there will be big money waiting to take those shares off our hand, and when they do, and they are pulling gold out of the ground for fun, It will be a sandpit no more.
While I go and lay down, maybe take a step back look at the bigger picture, and add value to a conversation,
Not some poor attempt at smearing someone's name for something they said.
and, thanks for watching. be sure to smash that subscribe button, so you never miss another show.
Utterly bizarre posts by Bottle Rocket earlier almost suggesting that we should just shut up shop now in relation to our exploration targets since their failure will just hurt the so then, in another post suggesting that all we have a Havieron at present is a "sand pit". This guy should take a break and have a long lie down in a dark room. Having witnessed the various broadcasts he has put out recently it may just do him some good.
Nice post thelearner. - Thumbsup!! :)
TMT, yes agree with your comments - as usual
@thelearner, very good thoughts.
One thing, though. I don't think we should look to Cadia as a model for AISC. It's different in many ways. The cost to get workers and equipment to Cadia is miniscule by comparison. The cost to get ore to Telfer is something Cadia doesn't have. NCM is going to charge toll processing fees to the Hav JV, something that has no parallel at Cadia. Also, it's yet to be proven whether Hav will produce Cu on the same level as Cadia -- if not, the byproduct credits will not be as good at Hav as at Cadia.
There are many reasons to be optimistic about the AISC at Hav, but Cadia's is world-leading. I don't think we'll get close to it, nor should we be disappointed by that. There are too many differences for us to expect that.
Interesting thoughts from BR @ TMT, and I was thinking about this myself today - also a bit bemused by the SP being stuck in a rut - even with continued good news about Haverion. I guess like many PI's - confidence can easily be shaken - especially on AIM - I have speculated a lot on mining explorers - based on expectation of increased commodity prices - but most of my portfolio is flat - but I have been choosing AIM and know and accept the risks.
Most junior explorers never become miners or make it - most run out of money while exploring, keep doing placings and dilution with more shares, still no luck with the drill - and eventually they go bust. This is I think a fact.
GGP were I think heading down that path - until the drill found Haverion and then the JV with NCM started.
That is a game changer for GGP - an we just need to be patient.
Drilling deep for exploration is slow and expensive - and still hard to find very small ore bodies in vast areas.
GGP we just need patience - what would be ideal for any mining explorer is an income stream to fund annual exploration. We will eventually have this when Haverion is producing - although we will also have some debt to pay off.
Haverion may take years until we know the full size of the orebody and resource. The depths will only be really explored when the decline is finished - and this may also be slow due to priority being to build the mining infrastructure. Before NCM go really deep, they may be drilling some of the other targets in the Haverion tenements - where we probably have the highest % chance of more resource - right next to infrastructure which will be built.
Meanwhile we are funded for more Scallywag exploration drilling in H2 2021 - and we have $20m Aus to spend exploring the Juri JV. I agree the chances of a strike are not brilliant - but you never know - CB and the team hit Haverion - it may have been luck, it may have been skill and knowledge - or a mixture of the two.
I have always said here patience is required. I know the Cadia is different geology - but look how that resource has kept increasing over the years - and the extraction costs are minimal. I thin Haverion will follow the same pattern - speculation I know.
Meanwhile the Telfer mine sits there desperate for feed - and our world Class deep mining partner is breaking all records getting ready to mine Haverion.
Keep the faith and be patient is what I am telling myself - and hope for another strike - but even a strike will take time to prove up with a lot of deep drilling.
lol, feel free to DM me, - happy to discuss any questions you may have.
No tactics, no games, you get what you see. heart on sleeve, and just trying to engage with people.
I was hoping to try and help stop the nonsense - but I would hazard a guess that some would suggest I am the one causing it on this thread!
Bottle the mere fact you replied when no name was stated is interesting in itself
No arguments from me chief. - he knows what the craic is.
Bottle .. when the CEO of Artemis says Hav is 20m Oz at the moment then there is something wrong with the market !
The only thing I am changing is my underwear.
Nothing to see here no matter what you think you might know,
all the best,
We gave a few lth changing tactics it appears! Not surprised but irrelevant to my investment plan
Lenz if you take the extreme view on it, yes it’s a silly and outrageous statement to make.
We know it has value we have the research to prove it
But does the wider market.
So where is all the money then.
Why is 3.5 BN propped up by PI. Why is only one entity holding a TR1
No one is prepared to back the horse yet.
Except the PI who are in at 100-1
Listen to the video. AC says it himself.
Bottle .. that's a bit of an extreme statement .. I am sure Sandeep, GGP and NCM would laugh at that ! ... "No one thinks HAV is worth anything yet". I suppose that's why NCM gave GGP a loan of $50m
"No one thinks HAV is worth anything yet" - wow outrageous statement - I think someone here has severe concussion.
No one thinks HAV is worth anything yet. None of the Australian investors have picked up on it.
Listen to the Artemis link posted earlier and it is mentioned.
This is still a sand pit
Build it. And they will come.
Trying to get my head around the progress on the ground and the share price of GGP.
Newcrest are pumping money into Havieron, and in order to spend the money they cannot be doing it on any sort of whim.
Newcrest are experienced miners, they have done most of the exploration they will have been taking samples that have been processed in their own labs, they will have done that at each point. I would have assumed the backroom team would be working on drafts from Initial Inferred Mineral Resource to Feasibility Study, and most likely a lot more reports used for internal purposes. All of these will be continually updated with data as provided by official and company labs.
No serious spend will have been authorised as with the incline until after the Newcrest internal decision to mine had been taken, and I would assume that this would be after an internally report Feasibility Study, this may have a lot more information in it than the reportable Feasibility Study. You may ask what is the difference, the Newcrest one is based on their knowledge, they do not have to wait labs results what difference will it make to the decision to mine if some figures are a few % out, if the overall decision is as clear as the nose on your face, even if the results predicted do not hit within a good % of the prediction.
If my assumption is correct and my I thank other Board members for the great information they provide, it is looking at these figures and the action of Newcrest that have brought me to these conclusions, in which the share prices does not (as we know) reflect the value of Havieron, let alone GGP.