Member Info for PaddyGall

I was just looking at the presentations from 2018 to see when it might be likely that Newcrest would be doing their next one and last year they presented at the diggers & dealers in Kalgoorlie.

I checked the diggers & dealers website and sure enough Fraser MacCorquodale, their head off exploration, is due to give a presentation on Monday 5th August @ 3.20pm so not too long until we hear a little more from Newcrest.

I wonder if the outstanding assays from HAD011 will be available by then.

There is a copy of last year's presentation on their website

https://www.newcrest.com.au/investors/presentations

GLA Paddy

Agreed Knokke and I hope we see it out right through to the toll treatment.

Picture this scenario
10M Oz orebody
500,000 Oz of gold produced from Havieron ore per year
$1,400 / Oz gold price
AISC down to roughly $800 / Oz
$600 / Oz profit
$300,000,000 profit * 25% = $75,000,000 (or roughly our present Mcap) to GGP every year for the next 20 years assuming 10M oz in the ground.

Especially if we are on an accelerated program as Newcrest seem to be intent on.

GLA - Paddy

Fair play mate - it's tough waiting as we all know here also

I hope your patience pays off - GLA

I'd like to see Newcrest extend the HAD001 hole as well down perhaps to 1400 or more metres - It was another vertical hole which was about 50m north of HAD006.

HAD001 - 121m @ 2.9g/t Au and 0.23% Cu from 497m

That would hopefully establish the high grade ore at depth for a reasonably easy drill.

Speaking of Bhargav - is he still over on the OMI board?

He needs to sell up and get back in here quick - Cheers Paddy

Well HAT have you had a good chance to digest the news - obviously they decided against the keeping it under the radar scenario - how do you think they will play it from here?
Now the cats out of the bag so to speak I'm assuming they will be shouting every new assay from the rooftops - every month as you say would be entirely possible as there will be a constant flow of material into the labs from now on.

Did you notice how HAD011 finishes under HAD002 albeit 100m or so to the south - if you look at the cross-section. HAD002 finished in mineralisation so imagine if the outstanding assays for the rest of HAD011 show more gold!!!!!

GLA - Paddy

There's gonna be 2 RNS's tomorrow - Lol

Gold doing it's thing as well - up to $1430 ahead of the ECB and FED meetings. Could really fly next week.

GLA Paddy

100% Matty
Not sure about Solg type returns but full value will out in time.
I can wait - Good Luck to us all

Paddy

Agreed mate and that's why I've sold up some other stuff this morning and put another 12k I'm here.

Love the interview as well - nearly fell off our chairs - pmsl

GLA Paddy

I know I said it last night but would like to say thank you again to Reddirt.

Take a bow my friend - you have come up trumps yet again - Paddy

Sorry guys - just getting excited. I forgot NC have an option to extend the Stage 1 time by up to 12 months so hitting their target spend won't be an issue.

In some ways that's even better news as it means they are accelerating at their own behest.

Paddy

Just a thought - are Newcrest now panicking that they haven't spent enough up to now to meet the $10million / 12 month commitment to earn the right to progress on to Stage2.

What happens if they don't meet the requirements - is the farm-in dead and we resume where we were before?

I know they won't let that happen so we may see a 5th & 6th rig turn up - who knows?

GLA - Paddy

Exactly my thoughts Rumple.
It's nice to see it go blue but I'm selling up my remaining PMO today and keeping it ready if they do drop it back - there is only one way this is going in the long run - I'm not a trader so I couldn't care less where it ends up from day to day.

3 rigs now drilling - soon to be 4 - Newcrest know whats down there - it's all a matter of scale now.

Paddy

Hi TA,

Look at this post I put on Hotcopper a few weeks ago comparing our Aeromag survey to the Aeromag survey that Artemis carried out over their Armada tenement.

https://hotcopper.com.au/threads/paterson-province-2018-and-future.4596344/page-61?post_id=39533282

Look at the similarities between Havieron and some of the targets in our Paterson Range East.

It's MASSIVE - Paddy

Yes mate,

GH was at pains to explain that in the interview he did after the Hav results in February - majors need scale - the beauty of this is it looks like we have the required scale (on results to date) but also grade.

Paddy

Presumably this should now get us up to the level where the warrants are triggered or if I held warrants i'd be taking them up now before they expired regardless of the reaction of the SP.
Should swell the coffers of GGP and allow them to carry on apace at BH, Scallywag and PRE.

Imagine the reaction if we get positive results from Black Hills in the near future.

The other thing is up to now they have only drilled 2800metres at Hav - there's a lot more results to trickle out over the coming weeks/months.

GLA - Paddy

Also regarding the HAD010 result - remember this paragraph from the Sprott research note.

The Telfer analogy is encouraging for Havieron for another reason; the highly variable grades, a result of structural
complexity, mean that we should not expect every hole to hit, and that some of the unsuccessful stepouts at Havieron are simply misses and not in fact delineating the edges of mineralization.

I wouldn't be too worried about it.

GLA - Paddy

Hi Tiburn,

I posted last night that the outstanding results for HAD011 are interesting - It took a similar path to HAD009 but further north and found similar grades in the breccia so extending the mineralisation in that direction but if you look at the area where we are still awaiting the assays it would extend the high grades at depth to the west of HAD006 which would really make this HUGE.

I wonder if they might consider extending HAD001 now also as they have got such good results from HAD006 extension.

Big day comimg up - looking forward to the interviews.

GLA - Paddy

Looks like those warrants might get triggered before they expire after all.

Now all we need is some good assays from Black Hills and it'll be moon time.

Gotta get some sleep now - fat chance. See youse all tomorrow when we try to skittle England out for a couple of hundred again.

Cheers - Paddy