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Thanks for your replies, it's certainly a lot higher than the Ernest Giles days,, looking forward to the results.
GLA
Hi Bebeto
That figure comes from "comparable" valuations for other miners as per the table in the article.
Cheers
Without knowing the price per ounce of unmined gold in the ground, then all calculations for the value of Havieron will be wrong.
Can someone explain how they have come up with the value of $200 per ounce of unmined gold in the ground? Thanks
Thanks for the reply.
So from Stuart’s post. The not getting carried away 7.5m estimate (his view,I agree and can only dream it’s higher). But if it is around 7.5m would that double our current SP for our 30%.
Yeah mate unfortunately in this modern age of compliance and regulation analysts arent allowed to really have much of a view, rather a re state of the info to date.
shame as am mates with a few top class mining analysts in Oz and UK and its just a dying art. All about assessing iron ore production costs of BHP v RIO and bugger all about fun stuff.
Cheers
CB
Mate
Numis are like/are instos....they will need to wait for resource as well.
Their price target till then is meaningless because it cant draw conclusions that are patently fact.
cheers
CB
Fellas,
There seems to be some pretty confused people here. A resource estimate is a resource estimate.....your drilling and the gold you discovered already doesn't run the risk of disappearing before that is published.
Put it another way, some of you blokes seem to think there is a risk that that between now and the initial resource something might happen and itll all just evaporate.
just because stupid instos have rules that say (cant invest pre-resource) which many/most do now, doesn't mean there is "nothing" till that resource is delivered.
Hav initial resource will only cover a small portion of the known mineralisation and in turn that mineralisation will be open in many directions still.
All this bed-wetting about MRE and im gunna sell til that comes out is pretty pathetic. If thats how you invest then just by a tracker fund or gold etf FFS and take your 2% p.a. return after fees.
the facts are in front of you, why get your knickers in a twist and doubt what is plainly factual.
As always facts not noise.
Cheers
CB
Hi Stuart, I tend to agree with your views as to how things will pan out, both as a logical outcome, and my preferred outcome. Time will tell.
Sensible, well structured post as usual Stu.
I think they call the drill 'the truth machine' and it's got to be a sign of the confidence of NCM the fact they have 8 out there spinning 24/7 throughout the Australian summer.
Roll on this day, 3 weeks when we should see the next installment of results - odds on for the 7th good set in a row
ATB Paddy
Agreed Arnie,but I am sure you can appreciate is pretty normal to join the dots if they made the same move prior to Red Chris acquisition,not a dead cert at all,could be for something completely left field,but I think it’s a 50/50 the money could be to make an offer for HAV this year. Don’t forget Arnie,we weren’t happy with the ramping crew when we were back in the 1’s and look at us know,every now and then they turn out to be right, I used to hate people talking 20p,now I am genuinly thinking I’m 5 short years with the perfect storm brewing that is actually a very real possibility, no ramp,I actually can’t believe I’m saying I’ve drunk that coolade. And I hope I’m right lol. But my research leads me there,not just spouting hold for gold rubbish,I can see the actual steps that get us there and it HAV is 20moz,we are well on our way,my only worry is people talk about 20moz like it’s a dead cert after that idiot at prim ramped it up on Twitter.20moz is the stuff of dreams,possible yes but numis think 5.5 and anything over double that I feel is too optimistic until we see April’s results. A 10moz find will do me just find,could well be 20moz and we turn out to be the needle in the haystack,prob why most are here,but I don’t think much more than 7.5m is nailed on atm. Anyway,good luck all whatever your strategy,not a hell of a long time to wait it out. The nice thought is that we are unlikely to have to go through another NM scenario with nc now having their 40%,so for me whilst the upside has greatly improved.its the lower risk of the downside that allows me to remain totally overcommitted here
there seems to be a lot of guess work and IMO on this board. I can honestly say that I know at least 3 other posters on here that are actively speaking to people in the industry and some of the snippets being posted are genuine.
pointing out "rampers" whilst infact not really providing any concrete information yourself is a bit pointless.
lets see who is here after 6p, 7p, ooopps i got greedy...
Hi illbetabuck arnie.albert.
You are well know for trawling the message boards and trying to put a downer on specific shares.
In the case of sirius ,if anyone left early because of you ,then they owe you one. I do get the need for the devils advocate view,so we get a balanced and reasoned view.
But I can't decide what you get out of it. You retired some years ago and this is your hobby so you say. I believed that you work for a company that was shorting SXX sirius. But you cant be shorting this.so what is your motivation. Are you an angel trying to save us from ourselves. Cant wait to read your book.
Contrarian views that come with evidence and the intelligence to interpret and promulgate said evidence are always welcome.
Sadly, none of the above are apparent.
Personally I think at mRE when our 5% fair value is known we will likely get an offer for the full 30% from NC and this will hopefully include a royalty option on production,day 2.5% and the cash for the 30%. That for me is the most likely business model and then we move on to scally and use our cash to continue as GGP.i don’t see the full buy out scenario,nc happy to work this way with juniors so personally I am ruling that option as very very low chance. The final option is to use the 5% and maybe any loan required to bank role the opex and capex and go mining with NC,it’s unlikely but possible,especially if our 5% is worth 100m or more as we then likely have close to the expected 500m at 100% costs,we would need another Jv on scally to find that drilling tho and carry on there,so ideally we get that this year before the mre as that will give us more options if that drill is funded like Nc with HAV. Don’t forget,early decline and stopping coupled with production at telfer and the synergy and reduced costs of that infrastructure could well mean low costs initially and early income from the high grade well before the full mine is built,25% of that income could continue to fund the costs. I’m not saying I want us to go mining,I’d be happy with a cash and royalties deal and to move into scally,but unlike some,I do think it’s possible due to telfer cost savings and the ability to access credit for a 2.5x rating Ausie gold miner,our jurisdiction is 50% of the battle won here folks,anyone invested in mining around the world outside of aus knows just how important that factor is. Good luck all
Hat,I mean Arnie,I’ve been here long before NM and I will be here very long after 6p,my disgusted for another 16 years in fact come he’ll or high water. When you used to use HAT before you ban,you were far more sufferable,just as abrasive mind. I’ve been adding all the way since NM and my first top slice target is 8.8p,then 13 for my free ride.i personally think by first quarter next year those are both high possibilities.6p pfff,give me a break. 6p is for the traders who got in at 4.5 and don’t understand what we HAV. Anyone who does is here for the MRE at a min before making any decisions,and if it’s good I’ll hold until productions or buy out and wait for scally.
GGP could also sell their slice to someone else other than NC too. There's plenty of J/V mines over there.
So NC are well on their way towards the Feasibility Study. Once this is done I'm assuming the next bit is getting the gold out of the ground. Will GGP be able to afford this as it's going to cost millions. Will NC try to buy the remaining percentage or will they simply try to buy GGP?
Glah.
C