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Hi chester please correct me if i am wrong but is the dollar to pound rate not .81
Dear Tony
Newcrest earns 40% interest in Havieron
Newcrest Mining Limited has today released to the market that it has now reached its Stage 2 farm-in milestone at the Havieron Project. In accordance with the terms of the farm-in agreement, Newcrest has earned a 40% interest in the project and has provided notice to Greatland Gold Plc that Newcrest is proceeding to Stage 3.
Please download the attachment or click here if you wish to view a copy of the full release.
Regards,
Christopher Maitland
Head of Investor Relations & Media
Newcrest Mining Limited
Level 8 600 St Kilda Road Melbourne 3004 Australia
T: + 61 3 9522 5717 M: + 61 0439 525 135
E: chris.maitland@newcrest.com.au
www.newcrest.com.au
In our conversations over the weekend I took an average of all the predictions flying around.
The upshot was as follows :
We definitely already have a minimum resource of circa 10m ounces,probably more.
The average price paid for High Grade gold in the ground is approx $250.
So, 10m x 250 = $2.5b 30% of which is $750m. Divide that by 4206m total shares = $0.178 ÷ by dollar / pound rate 1.24 = finally 14.4p per share.
That is the absolute minimum bedrock value based on all the facts we know to date.
For Numis to publish their updated notes after the 30th April they had better put new batteries in their calculator.......
Chester.
NCM are now officially a major stake holder in Greatlands Havieron project.. This is going to take a while to sink in. TR1's soon. Proper partnership.
Whilst remaining quite cautious and controlled ( not easy ) I reckon that PLUS 1.5p / 2.0 p is not an unreasonable expectation.
tig
At the very least this latest update will give the SP moe stability until the 30th next month :-))
Biswas keeping his cards close to his chest but we have Paddy-Sat
Best line :
" The results to date have been very positive and I believe that Havieron provides a great opportunity to
improve the economics and extend the operating life of Telfer”.
With all the drill cores they have data from and everything SB knows that we don't its still "VERY POSITIVE".....
Chester.
Great to get confirmation about proceeding to stage 3. Really looking Fwd to the Next set of results which should reveal the excitement at the SW edge of Hav which has been the epicentre of activity of the last few months...that is until todaysPaddy Sat image revealed a mammoth step out even further south.
VC called it last night, tomorrow will surely be a positive day, how positive is the question, could be a biggie!
Cheered me up after watching rat face Gove lecturing us earlier....
Christchurch for Christmas!
VC
schlemiel - what we expected TBF and I'm happy to wait until then so we get a full set. I'd rather that than a few here and a few there.
It was only a formality IMO nut it's still another milestone reached.
ATB - Paddy
Even though we knew it was coming, this news has me smiling!
next drilling results on 30 April
Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas said: “We are excited to achieve
this milestone at Havieron. Today’s announcement highlights the significant investment we are making into this
project. The results to date have been very positive and I believe that Havieron provides a great opportunity to
improve the economics and extend the operating life of Telfer”.
Newcrest will provide updated drilling results in its Quarterly Exploration Report, to be released on 30 April
2020.
we have lift off!
From the horse’s mouth...
https://www.newcrest.com/sites/default/files/2020-04/200401_Newcrest%20earns%2040%25%20interest%20in%20Havieron%20-%20Market%20Release.pdf
Market Release
1 April 2020
Newcrest earns 40% interest in Havieron
Newcrest confirms that it has now reached its Stage 2 farm-in milestone at the Havieron Project. In accordance with the terms of the farm-in agreement, Newcrest has earned a 40% interest in the project and has provided notice to Greatland Gold Plc that Newcrest is proceeding to Stage 3.
The Havieron Project is operated by Newcrest under a farm-in agreement with Greatland Gold Plc. It is centred on a deep magnetic anomaly located 45km east of Telfer in the Paterson Province, Western Australia. The target is overlain by more than 420m of post-mineral cover. Newcrest commenced drilling during the June 2019 quarter and has increased drilling activity such that eight drill rigs are now operational.
Drilling at the Havieron Project continues to expand and demonstrate the continuity of high-grade mineralisation which extends over 450m, to vertical depths of 600m and remains open at depth to the northwest. Drilling has also identified mineralised breccias proximal to high grade mineralisation. A further 20,000m are planned to be drilled to support the objective of delivering a maiden resource estimate in the second half of calendar year 2020 Studies are also underway to investigate the potential for the following:
? starting an exploration decline by the end of calendar year 2020 or early 2021;
? stoping and bulk underground mining options; and
? achieving commercial production within two to three years from the commencement of the decline.
Newcrest has implemented measures to reduce and mitigate the risks of the COVID-19 pandemic to its project workforce and key stakeholders such as the Martu people, on whose land the Havieron Project and the Telfer operation exists. Potential impacts of the COVID-19 pandemic on the drilling activity at the Havieron Project are being actively managed and considered as part of the studies underway.
Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas said: “We are excited to achieve this milestone at Havieron. Today’s announcement highlights the significant investment we are making into this project. The results to date have been very positive and I believe that Havieron provides a great opportunity to improve the economics and extend the operating life of Telfer”.
Newcrest will provide updated drilling results in its Quarterly Exploration Report, to be released on 30 April 2020.
https://www.asx.com.au/asxpdf/20200401/pdf/02220728.pdf
Newcrest earns 40% interest in Havieron
ASX News
851
01/04/20
08:21
Post #: 43810177
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Release Date: 01/04/20 08:20
Summary: Newcrest earns 40% interest in Havieron
update on Havieron