Member Info for PaddyGall

Hi Miker,
I'm not expecting one and TBF I'm hoping we don't get one - as far as I'm concerned the longer it takes to get one the better.
The market may not have seen it like that up to now but IMO they are starting to come around to that idea also.

Sure an MRE now would give us certainty and probably support our SP and maybe see it higher but surely the forward looking market can start to see what we see - NCM going hell for leather, about to confirm stage 3 within 9 months of starting, still stepping-out and still hitting.

When we do get an MRE hopefully it's a nice big one.

GLA Paddy

Another nice clear image from the satellite this morning - There is another new drill pad in the SW corner which is further South than the existing ones.

That suggests to me that they are drilling in the same line but deeper - now why would they do that??? I wonder??

https://twitter.com/paddygall1/status/1221336580603961345?s=20

https://apps.sentinel-hub.com/eo-browser/?lat=-21.72537&lng=122.65278&zoom=16&time=2020-01-26&preset=2_FALSE_COLOR&datasource=Sentinel-2%20L1C

GLA - Paddy

I wholeheartedly agree that is a nonsensical statement to make across all those boards but if that makes you decide not to invest then you haven't really done your research on here.

No ramper or de-ramper should make any difference to you decision - we all know what's coming next week, just let it ride over you and wait it out for Thursday.

Cheers Paddy

Hi Matty,
I think that's what he is getting at - the ore could be worth that much if you could literally extract the gold/copper from it for zero cost.

$120 / tonne @ 2.5g/t

Divide 31 (grams in an ounce) by 2.5 = 12.4
Multiple by $120 = $1488

I think he is trying to show why this would be a no brainer for NCM provided the OPEX, CAPEX, metallurgical, etc, etc are all ok.

Cheers Paddy

No worries Jersey,

It's also worth remembering that Salpetie was getting lambasted on here by certain posters after he was telling people to be careful about the intersections.
That was before we had the corebox model and I think now he has seen the drill data in graphical form he is happier with how it holds together.

In his table somewhere between 20-40% mineralised at 2g/t still comes out at big figures.

You can easily scale it up and it can be quite eye watering as I say.

Cheers Paddy

I've uploaded it to Mega - try this download link

https://mega.nz/#!N1RhzYJZ!TwYB9i8y9SXZsXoeDkM6igxThuzD8Vl-j9zQ8S15X2s

Regards Paddy

Spratt
Have a look at this document created by a retired exploration Geo (Salpetie) on Hotcopper.

He has used the data from the corebox 3D model to extrapolate some values into a table - this was using the latest data from the 2nd December

Some of the figures will make your eyes water so as they say DYOR.

https://hotcopper.com.au/attachments/1892628/?filename=HAVIERON+DEC+2019.pdf

Cheers Paddy

Spratt,
I'm pretty sure GH said in a Proactive video that the copper works out to about 0.8g/t Au equivalent in the high grade zones.

Stand to be corrected on that but 99% sure.

Paddy

Hi Jerry,

I think they are extremely excited about both systems TBF. All the geophysics, geochemistry, serial surveys have given similar results as Havieron.
NCM also historically drilled these targets and either came up short or didn't quite hit the sweet spot.

I wouldn't put a percentage on it but I'd say that the confidence level is pretty high that they will hit something - whether it's as good or better than Havieron remains to be seen.

Cheers Paddy

Nice one Clansman - is Goldcrest a new amalgamation of Greatland & Newcrest???

Let's wait and see - Satellite update tomorrow (weather permitting) so we'll see if they are still stepping out.

GLA Paddy

31st January 2021 maybe Jambo

Gold is looking perky this afternoon as well - futures price back up above $1570.

Perfect storm scenario??

Good weekend too all - Paddy

*dealing*

Join the club laster - I don't even have a feeling account. Shares ISA - gotta be the best idea ever.

A flurry of small trades gone through at 2.55p

Big finish to come hopefully

Sunday morning - weather permitting

Stu - I concur with all that.
Couldn't have put it better myself. Have a great weekend - I know I will

Cheers Paddy

Starting to see nice delayed trades coming through now as well.

Lovely jubbley ??

Agreed Jerry - They were 40% into stage 2 spend at the AGM in December as reported by attendees and they were in the middle of upgrading the camp to cater for the influx of new people. Those new people will arrive on site when the rig count is increased.

The post from LinkedIn also stated they were putting in a supply for the "future core-yard" - They would only need a core-yard on site to prepare and store the cores if there is going to be a sh*tload of them. A sh*tload of cores means a sh*tload more drilling.

All the clues are there - just join the dots - stage 3 is happening.

Cheers - Paddy

No worries Red,
but remember it's just my opinion mate and you've got to take the info that everyone provides, research yourself and then form your own strategy.
Personally I'm comfortable with my position but that's not to say everyone is in the same boat - so manage your own holding according to your own parameters.

GLA - Paddy

Hi Jerry,
Really good point TBF - Does it work like that??
If NCM decide to walk does the whole license revert to us?? I'm guessing if they spend the stage 2 budget and get to 40% they would retain that or do they lose the rights to it in the event they walk??

All hypothetical - they need to make Havieron work for the sake of Telfer - it's gonna happen IMHO.

Paddy