We would love to hear your thoughts about our site and services, please take our survey 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. 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.
Hi Jag
Well spotted just testing :))
1,600,000,000 30% = $480,000,000
Ooops tooo many 000s for me tooo contend with :))
Ali think there may be a problem in the number of zeros in your calculation,
Bamps those figures don't add up mate !!
$1,600,000 cost to build mine
Ggp 30% = $480,000,000
Ggp annual income for first 4 years =$228,658,000
This is the calcs for the block caving only
From 2028 to 2052 low grade extraction
25 years using 0.75g/t and 0.2% copper
Total £182,500,000 every year
This is for the HGZ and Low grade together
During the overlap period that's over £410,000,000 per year for Ggp 30% from 2028 to 2032
No wonder Sandeep is excited with their 70%
How much is 5% fair market value now?
Yippee!!!!!
Thanks for that Bamps you are good man , now about to cook dinner.
Have a good evening and we all hope this goes great
Sorry if I picked you up regarding the drill cost.
Didn't realize ye meant the whole shooting match.
Did think it was a tad dear to drill.
ATB
$1,600,000 cost to build mine
Ggp 30% = $480,000,000
Ggp annual income for first 4 years =$228,658,000
Hi floater
No probs I first traded this at about 4p when Bamps and Tom told me about it and I told them then I hated Aim shares because of all the pump and dump Bs .
So when I earnt enough trading it I ran .
Bit silly now but hey there’s enough money out there for all, I’m a bricklayer and I know about HB’s and that’s me .
But when I spoke to Bamps at around 27p he said it’s not to late .
He has been right about everything else on this and sometimes it is better to trust someone else’s knowledge.
Anyway all’s well that ends well!
So good luck and happy trading
Hi Ben
I knew what you were referring too with the total cost to mine.
Glad you decided to come and join us.
This is a post I did about the sub level caving which will pay for the deeper mine:-
6,000,000 tons per annum @3.8g/t divided by 31.1
= c733,000 ounces
x $1,000 after taking out costs
= $733,000,000 per annum for gold
copper 6,000,000 tons at 0.6%
=36,000 tons
x $9,200
= c$331,200,000
Total c$1,064,000,000 per annum
30%= $319,200,000 from 2024 per annum
THAT IS $319,200,000 Per Year
£228,658,920 per year for Ggp for 9 years
54m tons divided by 6m = 9 years
4,200,000,000 shares = 0.054c per share per year = £0.486p earnings per share just for the sub level caving not the bulk caving or any credits like Cobalt
ATB:))
Apologies if I have taken the wrong end of the stick; today you were saying ".... this could be a great investment long term" but I do remember you buying in quite high and happy with it (confirmed in history), so when you were buying a month ago at 27p then you thought you'd know it was a good/great investment then and no need for missus nephew to just tell you that recently.
I don't know everything, but if you want to find information about GGP or NCM then you can easily go to their websites.; your questions just seemed a bit naive.
Hi, Bamps @ 17.08.
Surely, he's allowed to have one agenda, which is to support GGP, and make money in doing so.
Best wishes.
Wow Ben don’t think you deserve that kind of reply,appreciate your comments on tw board!! Keep posting!
To get production from the bulk caving operation will cost $1.6bn for the 2 companies but production is going to start earlier with sub level caving which should fund the bigger operation.
2 billion dollars for a drill??
Good grief the offshore ones for oil/gas and a bleddy big drillship don't cost that.
ATB
Hi Bamps
I do think it will be a good share that’s why I finally did follow your advice and invested quite heavily in this , you know more than me about mining.
Does what my nephew say sound about right, he says it’s a good bit of dirt and says it could be great.
But there will be a big initial expense.
Good luck and happy trading
Hi Floater, Rebster
Myself and TomE have known Ben for sometime he has no agenda.
ATB:))
Ben we are already drilling down 1/4 of a mile and it's only cost $60 odd million .. so I don't know where you get those figures from. Once the decline is in we can drill from down the mine so it won't be 1/2 a mile ! Not unless we hit silly grades and it's still open at depth !!
Hi Ben
All the majors in Oz seem to be partnering at the moment, I personally think the partnership will continue.
Funding at present isn't a problem and in 2 or 3 years no problem paying it back.
It will be a good share for the long term but the near future looks very promising too.
ATB:))
Anyway, a duck walked into a town centre pub one lunchtime and ordered a pint of lager and a cheese sandwich. He sat at a corner table, drank his drink, ate his food and, an hour later, left the pub.
This happened for three days and eventually the barman, who is by now intrigued, wandered over and introduced himself. "To be honest" he said, " we don't get many ducks in here. What are you doing in these parts?"
"Well", said the duck, " I am working on that new office building opposite. I am a plasterer".
The barman had a friend who owned a circus and he gave him a ring. " Look, I have got a speaking duck who comes into my pub everyday for a pint and a sandwich. He is working on the site opposite".
"That sounds interesting", said his friend, " When he comes in next give him my number, I may be able to use him".
The next day the duck waddled in and the barman said " I have a friend who owns a circus and he may have a job for you".
The duck replied " A circus, is that one of those travelling shows with a big marquee and lots of tents? What the f**k would he want a plasterer for?"
Rotto
Thanks for that zoros
Floater who made you up , I was just passing honest advice and as for the funding he reckons you will be drilling half a mile down and it could cost one to two billion dollars!
Have we the funding for that gob****e.
I didn’t realise you know everything!
Benrumpson - NCM Vs Solg. NCM are known for not taking prisoners. They want all or nothing. They are not fans of long term partnerships. In the Solg case - they bought in to the tune of 13.6% thinking that when the time was right, they would simply buy the company out. Unfortunately for them, the then CEO (NM) thought otherwise. He diversified by allwoing another major in on the act (BHP) and also agreeing to a royalty scheme with Franco Nevada AND also borrowing off the chinese to fund exploration. I suspect NCM made noises in the background about wanting more of the action but the then CEO said no.
They fell out but NCM are still holding onto their share because when this does go to production eventually (!) it will blitz GGP.
Currently Solg is sitting on $109 Bn of Gold (23MOz) Copper (10M tonnes) and silver (95M Oz).
All PI's are hoping for a JV or a bid to save us from an eternity in the doldrums with the SP!
Atleast GGP can see the finishing posts!
Best
Z
Ben - I suggest you go to the GGP and NCM websites and do some research if you want to learn more, and regarding your question on Newcrest and SOLG, then I suggest you go over to the SOLG board and ask there.
Thanks for your attempt to pass on info but it would be better for this board if you pass on through and don't come here to disrupt the board with stupid questions. Easy to see your strategy.
Everyone - nothing to read here so I suggest just ignoring this thread.
Nice try Ben...
You nephew, who works in the mining sector in Oz, isn't aware of the JV with Newcrest for potentially the biggest find in years...
yeah ok...
I was speaking to my missus nephew ( who is in the mining sector in Oz) and he has told me this could be a great investment long term.
But asked if we had the funding for mining or the backing, if so it would be good!
He also said newcrest might be a bit wary of partnerships,after solgold 2016-2017 .
What went wrong there?
I hope this might help!
Just passing on info