Member Info for 1gandhi

iPad - what is !% copper?

I’ve had my sell price set at £2.50 for a good few weeks. Just saying...

Could be government owned land, which they are auctioning for prospectors?

Just like the auctioning of broadband in U.K.

TTB’s rough calculation should be quite conservative if the HGZ continues to the unreported Northwestern holes:

“If the horseshoe continues and we very roughly multiply Numis’ 5m oz by 1.5 (I think he means 2.5) we could be looking at 12-15Moz in the HGZ.

3p x 12-15Moz = 36p-45p

Then add in the breccia, whatever is being found in the SW and open at depth...”

And to bear in mind that Numis’ calculation includes a risk factor of 0.5. The above figures could double once the mine is fully derisked....and then add in all the breccia...it all makes me rather dizzy!

As per quote Schlemiel kindly reproduced, Board are keeping all options on the table, depending on what will “maximise shareholder value”.

That to me is very reassuring.

GH has mentioned divestment as a possible strategy to maximise shareholder value. They could start with Tazzy sites first. If successful could be a strategy they follow for other sites, though Tazzy sites appear to be regarded as “non core” at present as they are not Tier 1 sites.

For what it’s worth, I think deveri’s post is probably the most interesting post this month..

I think Numis’ current valuation equates to around 3p per 1 Moz Au.

Please share your thoughts with GH.

Very obvious de ramping effort, imo.

Seems worth keeping an eye on this area to see if there any further changes over coming weeks.

Recommended movie for weekend:

https://youtu.be/bhsnpAWWvlQ

Bar chart.com:

2nd Resistance Point 12.433
1st Resistance Point 12.167
Last Price 11.825
1st Support Level 11.667
2nd Support Level 11.433

Based on what GH and SB have said, they’re aiming for decline work to start by end of this year.

Why create a new thread?

If there are 150 drillers, you’d need quite a few to feed, entertain them, and sort out accommodation issues etc. Plus all the machine technical people etc.

No need to create a new thread each time you post, Blantyreboy!

GH has said he would look to credit market to raise any cash relating to Hav mining. He would prefer that to a placing.

Also the Hannam report made specific reference to GGP being able to easily raise ca. £30m loan to fund any mining activity, considering its market cap.

It’s about the market cap, not SP.

QF, I listen to meditation music before going to bed:

https://youtu.be/aGzYpgSvVf0