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Looking at Google satellite image of Australia I thought there were 2 big clouds roughly over Cadia. When I zoomed in it wasn't clouds it was the tailings dams, absolutely massive.
Anyway the reason I was looking was to see how far Blayney is from Cadia 32km.
That's how far they pipe the copper concentrate to a new railhead where they have built a new dewatering plant for the concentrate.
Alongside the plant there is a train with 52 tankers presumably for the concentrate.
The tailings dam at Telfer is also massive.
Interesting though there looks like 3 conveyors going to the processing storage area from 2 Decline Portals and another which looks like a pit head.
Hi Hopefully
I watched that video, he's quite a character, reminds me of Lee Mack :))
ATB:))
Hi Hopefully
Thanks for that will have a look in the morning.
One thing that is puzzling about Cobalt it is very rarely found as an ore and when you look at Panorama it shows 200square kilometres of cobalt anomalies with no mention of copper, nickel or zinc that it normally comes with.
I found that intriguing :))
@Bamps21. Good evening, I appreciate your contributions since you joined the board. This may or any not further your understanding of mining undesirable minerals and grading and mixing the better dores. Was certainly a education for me. Adriatic metals won the Diggers and Dealers. Award. The CEO seems pretty switched on to me.
https://youtu.be/xF4la2oM1EA
From my working out and removing the Dyke volumes @1,000m deep gives 486m tons.
Using the only % we have published of 0.175% in the sulphide zone if that figure is used as an average
486m x0.175% = 850,500 tons
Global average Cobalt extraction from copper flows are averaging 0.24%
Therefore at Havieron at a copper content of 0.175% = 2,041 tons of Cobalt
At 0.4% copper content = 4,665 tons
Therefore the value of the refined Cobalt cathodes is somewhere between $67m and $154m .
If the copper grades rise so does the Cobalt.
If the copper concentrate is sold to smelters then a pricing formula is used
% copper (28%)x reference price, plus credits for precious metals, minus debits for unwanted minerals (arsenic and mercury), minus penalties, minus shipping and insurance costs.
so 28% of $6800 = $1,904 +credits-debits
maybe because its part of the NC farm in agreement - Additionally, during the farm-in period, Newcrest will have a first right of refusal over the remainder of Greatland’s Paterson project (Black Hills, Paterson Range East and remaining areas of Havieron licence) ALB
Did I read that right " mining licence granted for Blackhills and Paterson Range East"?
When did that happen?
They're both still an "E" licence not "M"
Totally agree, great Geo thread and thanks for very informative and structured posts.
I concur with you t_t_b, great thread and thanks for sharing some really valuable information guys.
What an awesome thread.
Thanks guys for the excellent read.
This must be the only place where someone can quote, 'don't dismiss the arsenic' without batting an eyelid.
Most of us would have anticipated reading that in a Sherlock Holmes novel.
Hi Goldworm
It's good to have the benefit of your knowledge thanks.
I'm still on the assumption Scallywag will be more copper but when Gervaise said don't dismiss the Arsenic I'm hopeful of sulphides.
ATB:))
Hi Bamps. That’s an interesting way of looking at it, mind you not one that any analyst uses. If the copper is pure profit, is that inferring that the aisc with no cu contribution equals the au price? Cos I would v much doubt that.
I think we can say that the cu is significant and a higher cu price will help with lots of valuations and calculations.
Plappers. There is only one Gold Worm. Bamps21. There are probably multiple intrusions producing gold and copper mineralisation in the region. The emplacement of the intrusions is structurally consoled as are the fluids coming off them. Im sure there will be another Havieron out there.
Interesting.... I thought Reddirt might have been CB!
Hi Jerry
I was carrying on from Hydrogens post and the remark Goldworm came up with that the gold covers all the costs and more, leaving the copper as pure profit. The 0.175% to me looks really conservative, 0.4% looks more realistic looking at the logs.
ATB:))
@Plappers - we all know that but haven't said anything otherwise he will stop posting - now you've blown it! ALB
Aren’t you valuing the copper in the ground at the spot price? Maybe 10% of that?
"I think Greatland geologists have in the past realised the correct model and have pegged all the best ground for future exploration."
Goldworm = Callum Baxter.
Too obvious.
@Bamps - thank you - so like I thought - the copper value is lost in our valuation and as Mickey said its worth at least another 10pence ! :0) ALB
Hi Hydrogen
I wondered where my calculator went I think you've got it :))
From my working out and removing the Dyke volumes @1,000m deep gives 486m tons.
Using the only % we have published of 0.175% in the sulphide zone if that figure is used as an average
486m x0.175% = 850,500 tons
x$6,800 = $5,783,400,000 x0.3
= $1,735,020,000 GGP 30%
unless my new calculators no good as well :))
The figures are big so you can see what Goldworm is on about
ATB:))
Big thanks to the geologists on this thread, it's this level of detail and free discussion that caught most of our eyes on GGP, I'm personally glad that every day is a school day.
Great to hear that Callum worked the data, picked the plum ground & all we have to do now is keep typing with our noses, hands are getting numb though. I can only add cheerleading at this stage, maybe in the future I can sound interesting too!
ATB AAA
Bully .. that just goes to show how far out BERG are ! GH has said Havieron is a tier 1 gold mine ! He never mentioned any of the other mineralisations !
Thanks @Bully1985 - rushed and lazy broker note - glad I'm not a client of theirs paying for that back of fag packets analysis - copper is important especially even more so with Scally but hey ho it is what it is! ALB
Hi Goldworm
Really interesting thanks for that.
Is the fluid event linked with Scallywag and Blackhills, if they are linked we know there is gold is at Saddle Reefs are we right in assuming copper might be the dominant mineral at Scallywag as the MMI survey has inferred.