Member Info for PaddyGall

Having been checking it every so often this morning Spratt but it's still not updated yet.

It happens occasionally - I'll check on the sentinel website in a bit too see if they mention about any problems with the download of the data.

GH is fully aware of what we do on here and Twitter as most AIM companies are - they can't comment or endorse any work that PI's do as they for obvious reasons need to work to strict JORC standards with any of their calculations.

I'm sure it's appreciated but they couldn't possibly use anything like that in their negotiations.

GLA Paddy

Remember that's where we are today after the update last week - there's been another 5 weeks of drilling since then and we've got a lot more to come in before the MRE. I think the hgz could potentially be in excess of 10Moz - I don't like to give estimates of SP but I'd like to think by that time we would be looking at minimum 20p.

ATB - Paddy

Nice to see the cryptic posts again - welcome back Obs.

The only benchmark we have at the moment is to measure in USD and as you say the high grade when taken into account with the Telfer infrastructure should give us a nice round number to aim for - heck we might even throw in the low grade breccia for free.

If they can define the high-grade for the MRE asap and are prepared to pay a premium - we get our deal done and move onto the next one.

GLA - Paddy

I've been contemplating the high-grade zone of mineralisation for a while and tried to come up with a way to roughly measure this area. This is what I came up with -

https://twitter.com/paddygall1/status/1241011889548726273?s=20

How much $ per ounce would NCM be prepared to go to for the "high-grade" stuff.

GLA - Paddy

https://seekingalpha.com/article/4333045-best-drill-interceptions-in-metals-mining-sector-for-week-ended-march-15-2020

"Havieron is an early-stage project, but is showing a lot of promise. There will be a significant drill campaign in 2020, and I look forward to reviewing the maiden resource estimate once it comes out. I think Havieron can become a good satellite deposit for Telfer as ore can be toll processed there. Telfer has an annual ore processing capacity of more than 20Mt. I think Greatland Gold provides better exposure to Havieron than Newcrest, as this is its main asset. Greatland is listed on the LSE."

ATB - Paddy

Hi Matt - if they are using existing holes to "fan" out at 400m deep for the infill drilling as has been suggested here then that would potentially mean more holes to report than 16.
I think we will know more about the depths they are going to in the next quarterly hopefully. I think you are right about an initial MRE that will then increase in time - don't know how that works out for valuing our 30% but I'm pretty sure GH has a plan in place to tackle that issue.

We used DDH1 to do out drilling before and I'm pretty sure that NCM are using them also - a lot of the pictures that are on the NCM presentations and tweets have DDH1 signs in the background if you look carefully. I can't see NCM getting involved at any of our other prospects unless we come up with a discovery hole - having said that they have just signed an agreement with Antipa but on rubbish terms compared with Havieron.

GH won't want a farm-in on those terms - we have money in the bank to put some holes into Kraken & London, if either of those hit then it's all bets off for GGP.

ATB and stay safe folks - Paddy

Hi MS,
It's a Twitter account run by a guy called Ken Watson. He is an old style prospector who is highly respected in Australian gold and iron ore circles .

He's been involved in numerous AIM and ASX exploration companies

https://www.google.co.uk/url?sa=t&source=web&rct=j&url=https://au.linkedin.com/in/ken-watson-66aab259&ved=2ahUKEwijmenx0KPoAhU7UhUIHeixAZ8QFjACegQIBBAB&usg=AOvVaw1LcGPVKER9WKyXkauQWP5l

GLA Paddy

Joe was the post by Apples - If I remember it was the same percentage rise from here as the last one was from the original target.

I'm sure Joe recommended a post that had a figure on it

Agreed Joe - that's why I said I wouldn't discount it - IMO it's probably not far off the mark and aligns with my more positive estimates. It's not difficult to get those kind of figures when you do any fag pack calcs.

Looking forward to the quarterlies in 6 weeks - seem to be wishing my life away in blocks of 6 weeks lol.

GLA - Paddy

To be fair MS - the board said at the AGM that they had enough data at that stage to do an initial resource estimate back in December. They obviously know a lot more since then.

I wouldn't discount or I wouldn't believe that figure either way for now - we need to wait for the MRE. Next quarterlies will give us a good idea of where we are headed.

Good to see gold back above $1,500 - Paddy

Why have all Charbuster's posts from this morning been removed??

Can't see that there was anything controversial in them - people on here always questioning the MM's.

ATB - Paddy

A bit late with the Satellite update today folks - sorry about that.

Definitely more activity in the SW region - they seem to be concentrating in that region and that was the area where HAD042 found the high grade ore in the breccia zone.

https://twitter.com/paddygall1/status/1239693404902166535?s=20

ATB - Paddy

@strudel,
Just had a sneaky peek at work at what you highlighted. I can see what you mean about the streaks but I don't think that's the Scallywag area - if anything it could be the RIO / ARV areas to the north of us. Click on this link to take you right to the centre of the Kraken prospect at Scallywag.

https://apps.sentinel-hub.com/eo-browser/?lat=-21.69685&lng=122.57695&zoom=15&time=2020-02-25&preset=2_FALSE_COLOR&datasource=Sentinel-2%20L2A

If you look at the lighter coloured diagonal line above the white/grey features - right in the centre there is a small reddish dot - that is pretty much exactly where Newcrest did their old historical hole TEA8004 which is with the Kraken prospect.

I keep an eye on it every 5 days to check if anything is changing. Just leaving work now so I'll post something up later on the changes at Havieron

ATB - Paddy

https://apps.sentinel-hub.com/eo-browser/?lat=-21.72324&lng=122.65280&zoom=15&time=2020-03-16&preset=2_FALSE_COLOR&datasource=Sentinel-2%20L1C

Definitely more activity in the SW - I thought it was tomorrow guys so didn't even look this morning sorry. I'll try get some comparisons done and posted up at lunchtime. Cheers Paddy

Yes Johnny - it's the traders and short term people that will suffer here. I feel bad for people like Kevin who get closed out on spreadbets if they don't have the capital to keep it open but I guess if you were hoping to make a killing then you need to be prepared to take the hit as well.
Long term I can't see any issues here - I'm more than happy to ride it out, unfortunately I don't have any ammunition to but more at these levels.

ATB - Paddy

@schlemiel - that's my reading of the reply from Steve. I'm surprised to be honest that he was that unguarded in his reply.

@VC - sounds like Steve runs his own clients within the Sprott umbrella so maybe Sprott themselves are not invested "yet"

ATB for this week guys and girls - Paddy

Thanks schlemiel for posting that reply.

That's super bullish IMO coming from Steve. He had built his reputation on locating early stage discoveries that are generally bought out by one of the majors and by all accounts he has an enviable track record.

I don't doubt there could be share price weakness due to the situation but as Arnie says we are all here for the MRE - just need to decide whether to sit tight and brave it out or sell and hopefully get in cheaper.

You pays your money and takes your chances.

ATB Paddy

Nice one Schlemiel - let us know if you hear anything back from him.

ATB Paddy

See further up in the transcript schlemiel he says the following.

"For example, there's a recent discovery that I can't provide the name for compliance reasons, but the first four drill holes were on the order of 20 meters, 25 meters of 5 to 8 grams gold; 20 meters, 25 meters wide is not really wide, that's not this stuff that giant gold deposits are made out of, but that is the stuff that one million ounce deposits are made out of. That's kind of what I'm looking for when I reference a significant deposit."

That kind of ties in with our HAD001 - 004 results as well and then HAD005 was the game changer. I'm thinking of sending him an email to ask if he is looking at GGP but if there an compliance issues then you would probably have to be a client to be able to get his opinion.