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After they MRE is updated to over 5M, that will be then start of the bidding war to buy HAV. It won’t be a public affair until it’s almost done.
Thanks everyone for your responses. I’ve got to draw down some cash to build house this time next year and will only do that if the price is 50p + or we will have to wait another year as I want to ensure I have funds in for the rise up to £1.
All the best. Ian
Hi, thelearner @1716.
I'm sorry to learn from para 2 that Bamps is being exported. I think we should keep him here myself.
Freddie. That's Newcrest decision rather than GGP. It's in Newcrest interests to keep GGP in position until such point Juri proofed up, if juri is not succesfull they will buy out Haverion and go it alone, if it is I believe a 5% FMV on Hav and no doubt the same on Juri in time
Could they just sell off haverion to newcrest and keep the company as an explorer , rather than a full takeover in which case what would hav be worth ?
Hi All. We all know/think the SP will rise and keep rising, how far and how fast is the unknown. A few good drill results, a sale of the Tasmania assets, a spike up in the POG, a TO offer, could see this spike at any time. The big boys also know this and i am convinced they are loading up at these give away prices. ATB Speedy
Timeframe for bulk mining - everyone is guessing - and many factors in play.
When will Telfer need the feed supply to keep operating at capacity.
When they project Telfer will need more feed - will there be any new shallow easier to develop discoveries than deep bulk mining at Haverion?
Haverion - how deep does the ore body go - cannot really start drilling to the depths until the decline is completed.
Bamps is the export in how long it would take to build the bulk mining infrastructure.
Still many unknowns - and even if we hit mineralisation this year in one of the other assets - will be great - but we will not know the size until more drilling next year or later on. Look at Haverion - 2 years of a lot of drilling and we still do not know the true size.
Cannot keep up with the board - but I also am sitting on hands. I added quite a bit at 30p+ then at 22p - I am happy I'm not going to lose money on those buys. Just have to be patient.
So in 5 years time it could be....?
Assuming we are talking ONLY about Hav, the following triggers will result in:
MRE(2)(indicated)(including NCresc and NBrec) (@12Moz): 36p.
PFS: 45p -55p.
Decision to mine (@F.S.): 60 - 70p
Decision not to mine: 10p!
Decision to sell Hav to NCM ('bid')(@FS): £1.30 - £1.40 (@ 12Moz / PoG: $2000 / AISC: $500)(no further dilution).
Full production: £1+
Z
Yes, I think there is a reasonable chance. Apart from Havieron we are, of course, also involved in exploration in the Juri JV and at Scallywag and as GGPT referred in his post today at 12.36 Berenberg consider that:
"Should the regional exploration programme across the Paterson discover another Havieron style project then we believe that this would be transformational for the shares".
Let's hope for some good drilling results coming through from Havieron and also elsewhere over the next few months.
That's the big IF speady, all this guess work should only be on Havieron, but I am going to buck the trend and can see this being 60p + when the upgraded MRE and PFS is issued. Huge drilling programme must increase the assessed size of Havieron, and it is not even half way there yet ! If what is further down is as big as people think then over a pound by the end of next year is well within range. That's my opinion !
After all the in-fighting on this board recently, it's nice to see that we all seem to be very positive about where we see the SP in a couple of years time.
My own goal for the SP is for it to be around Mickey's original 74p by the time we get to first pour, but if we hit on one of our other tenements then all bets are off.
Lanbo plan ahead 2 to 3 years an sp band between 88p and £1.00 you wont be far wrong
Given enough time yes, during in 2021..... no I cannot see 60p. IMO the Final Feasibility Study in 2022 and the 'Decision to Mine' are key. 18 months until the fireworks really begin.
Hi Ianbo. Inevitable, but just a question of how long after PFS. ATB Speedy
Hi all, just a straw poll really - what do your feel the chances are of the SP reaching 60p once the PFS is published?
My thinking is that the MRE should be approaching 12m oz by then and the PFS should seriously de-risk the mine?
Folkish maybe, but I’m trying to plan ahead
Thanks