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Hi TMT. I have posted something previously but can’t find it in my backlog regarding the VALMIN code which provides some independence in the fair market value of a mineral resource. That should go some way to negating the standoff of “price war”. There are also two elements to the valuation, one being valuation of what is known (from an MRE I assume) but also there can be a premium added if agreed between the two parties to factor in future resource upgrades/valuation. As a result I can’t see us being ripped off but agree NCM probably want an MRE earlier as if this turns out to be a monster, the MRE fair value alone goes up and up for NCM.
Someone with a better mining background may have some deeper insights but worth a google.
iTrade.. That was my thinking too, have a little tiny position in SVD rather than Artemis, I've forgotten the reason I stayed away from Artemis, might have been warned off on this board or something on Hot Copper.
Wish all well though, exciting times all round.
I have a substantial GGP investment, and have also put money into Antipa & Artemis.
Antipa have secured large areas in the prospective line between Havieron and Winu. I like the fact that they have 3 JVs in which the partners are paying 100% of the exploration costs.
Investing in Antipa & Artemis now is potentially like being an early stage investor in GGP.
I think we are OK where we are, the local animals are friendly and like having us around.
In some other places, however, (e.g. some spots in Africa) I'm told that the animals can get a bid jumpy. The rabbits have a tendency to team up with a few foxes and they turn up with big guns to take away all your hard earned.......
WF - I would assume the small jar in your fridge contains 'silverskin onions' and therefore not valid in the debate !
Hi WF
I just been digging up my prize carrot, it's a very good quality and size. Dug down 6' and still can't find the end of the root , if I break the root it's no longer a show carrot.
Went back out . . . B.....y rabbit got it.
So get all the gold out before someone nabs it :))
Don't forget to include the Breccia deposits. This, of course, can only be calculated with reference to pickled onions. Is it the nice big jar found in the local Chippy, or the small jar i have in my fridge?
@@Compass. The good thing resulting fro this very complex debate on formulaic future SP calculation ,is that Compass shows great humility in admitting his unconsidered errors,and one can only admire that quality. So I can only ask that this board treats him with kindness and forgiveness.
Tig
It's quite possible that the green onion by Booker T and the MG's a few km to the west of the great big onion could also add a fair bit of value to the share price :}
However the calculations are done and whatever they are based on and the price arrived at , there is always 2 ingredients included. Hope and expectation.
Both in abundance and what makes this share so exciting.
The journey will end at some point and it will be hard to find another than can live up to this one.
Tig, it is thought there are dozens of onion varieties in UK and Australia and hundreds worldwide, so that's a tricky question for Compass to answer and for my calculation I used a typical onion bought in UK supermarkets.
In fact, according to Marvin Gaye (R.I.P) the world is a great big onion - obviously with some layers of gold
Corporate Action.
That would be
The SWIFT ISO 15022 STANDARDS:
TKO
Agree Tig, unless that 10p post is your only income.
This technical stuff is well over my head. I'm just a simple salad man.
Chester.
34.39 is close - but it has to be 42 (as mentioned previously) as that is the answer to life, universe and everything... golden!
Cheers StellaBob
you certainly know your onions!
Yes, but removing the variables of shallots and carrots and also any chance of Australia sinking 6 feet (only a motley fool would believe that) then I get to 34.39p, but I realised I'm exaggerating the SP calc for next week and therefore I have to factor in the known variable that Havieron will be at perihelion on January 5th 2021 (+/- 2 days) and have set that as the date for my SP calculation.
NOTE: Pi is rounded to 2 decimal places.
I thought the BTD style was familiar - Barmy Arnie was also a T****r. You have to be a total idiot to keep re-inventing yourself, in order to repeatedly/ crass boringly , spend an evening abusing an intelligent community.
Tig
Nearly everyone is seeing POG very much higher although extent and timescales differ. For that reason I would be surprised if there was not significant corporate action over the next 6-12 months as securing assets at today's levels may seem a bargain. Obviously companies have to satisfy themselves and shareholders regarding the resource they are securing but I see the MRE as the starting gun for what could turn out to be an intense period of activity as companies most of whom have low reserves judged on a 5 year basis try to secure their supply. What happens to GGP? No idea but at our current valuation it must appear a tasty snack for the big boys once MRE ( even conservative) confirms the asset we hold.
Thanks Bamps, I have a little flutter with AZY, as they seem to have a lot of ground up the Havieron fault, even with all the drilling that's going on, Hav still looks like the stunner in the region. So mainly I have GGP.
Compass, -I have just been digesting an item in my late collected D.Telegraph ( Eks Stinksshon Rebellion interference ), on the ex Aussie Prime Minister, Tony Abbott , now appointed by Boris as a trade adviser, who likes to eat Australian onions RAW. Can you confirm whether it is raw /skinless / Australian grown onions that are used in your SP formula,or UK grown , skin on produce.
Tig
Hi, Chester. I think Bamps has nailed it.
I think you are conflating two things that aren't the same. One is the MRE and the other is Fair Market Value. The latter is what will be used for buying our 5%, and perhaps also the other 25%. The former isn't relevant to that. These two numbers could be, and probably will be, very, very different.
I do not think it is in NCM's or GGP's interest to be proving up a maximum-size MRE. The MRE is a box that they need to tick before mining. It would be silly (IMO) to delay pulling gold and copper out of the ground just because we don't know the full extent yet. We want to know enough to know what mining method makes most sense, of course. But for both NCM and GGP, moving on to production as quickly as possible is best. If that means we still don't know enough to set FMV, presumably they'll work out a deal to handle that.
Hav is a company maker for GGP and vital for NCM's desire to really take advantage of potentially the greatest bull market in gold in history. I don't think anyone is going to be playing silly games that might end up with legal fights and possibly even delays.
I think they are both the same person. Have you noticed that Barmy Arnie mostly posted in the evening then disappeared throughout the day, strange BTD has done exactly the same , started his nonsense at 17:43 then disappeared at 22:35. Must get tired of himself and has to go to bed, bless !!!! Another thing he did, use the term Brian Potter !!! so has BTD. Got to be the Arnold for sure.
Hi Floater. I can confirm that the Compass formula can also be used for determining the price fluctuations in the POS. ATB Speedy
Compass - thanks for clarifying the calculation method used.