Member Info for PaddyGall

TBF to Alistair he has been saying +20Moz since 2019 when he was CEO at Primorous Investments.

https://www.investegate.co.uk/primorus-investments/rns/greatland-gold-investment-update/201912110700064302W/

This was before the opportunity came for him to take on the role at Artemis which he obviously jumped at - another interesting fact is that he holds a geology degree from the university in Perth and his thesis paper was on Telfer and Telfer style mineralisation.

I think he's probably better positioned that many of us on here to be making any kind of claims.

GLA - Paddy

Proactive interview out with Alastair Clayton CEO of Artemis tonight.

https://www.youtube.com/watch?v=7XY-Q20nsZE

Shaping up for 20M+oz

ATB - Paddy

I wouldn't be surprised to see the SP getting "tamped" down again this afternoon but remember the window for any short term "massaging" of the SP is getting smaller & smaller. At some point the fundamentals will win out here IMO.

GLA holders - Paddy

Listened about 4 times already @Dip666 and will again on the drive to work a little later.

Nothing in there to worry about - what is Sandeep says - "it only get's better from here" - PMSL

GGP were in a position to calculate their MRE2 as early as last December so regardless of what NCM will be using I'm pretty sure that's what GGP will be using in their estimations.
If it goes to arbitration then the INDEPENDENT valuer will be using the most up to date drilling results to work out a Fair Market Value.

@WF - 100% there's was no way on this planet that either GH or Sandeep had a clue to the eventual size of Havieron when the original farm-in was brokered and I agree that without the input of NCM we would absolutely nowhere. And even more significantly we have the good fortune that NCM have an ageing Telfer with a skilled workforce that NEEDS Havieron's ore yesterday if possible.

Shaun referred to it as the "Goldilocks" moment in an article a while back - not too early that NCM could potter along and take their time drilling it out causing more dilution for us, and not too late that Telfer was already on care and maintenance and again they could drag it out. We are right in the sweet spot timing wise - production in CY23 - less than 2 years to FCF from a high grade starter mine with multiple MRE's and studies to continue to be produced in the coming years. No wonder Shaun is grinning from ear to ear and often refers to Havieron as a better launch asset than the one that started Northern Star on it's path to becoming a mid-Tier gold miner.

@chris0720 - Shaun will 100% be on the ball IMO and he has built a great team around him. That's what you want to see in your CEO - someone is is prepared to identify his weaknesses and put experts in place that can provide the necessary expertise when required.

No long to find out what the outcome will be - ATB Paddy

Personally I hope that NCM refuse to buy the 5%, but there's not a cat's chance in hell of that happening.

I'd love for us to be able to hold onto the full 30% of Havieron because that 5% is going to be worth a hell of a lot more in even 12 months time that it will be when the negotiations are complete.

NCM are going to get another bargain and fair play to them, that was the agreement in the JV and we will stick to it - they will have to pay a lot more for the remaining 25% if they want full control of Havieron.

GLA holders - Paddy

Seriously who gives a flying f**k, it'll open back up nearer 14p on Monday.

Just done so everyone is looking at a big red figure in their portfolio all weekend.

Have a great weekend everyone - go out and enjoy the good weather - Cheers Paddy

Also - I don't know if anyone else highlighted this but I picking up on this in the last sentence from this paragraph - (Caps are mine)

"Drilling to test geophysical targets outside of the known Havieron system have commenced at Havieron North, and Zipa. The Havieron North target is located 2 km north of Havieron and is sited on a magnetic high anomaly. Zipa, is located approximately 1 km to the west of Havieron North and is centred on a prominent gravity high anomaly. The initial Havieron North drillhole did not return any significant results but did intercept alteration consistent with that seen at Havieron. Assay
results are awaiting for the two completed Zipa drillholes. Drilling continues to test these and OTHER TARGETS outside of the main Havieron deposit."

Now from what I'm aware and my observations of the satellite imagery I have only seen drilling at Zipa & Havieron North - so what could these OTHER targets be that they are drilling - very intriguing.......

PMSL - did you not read the Newcrest report last night...

"South East Crescent Zone Inferred Mineral Resource infill drilling was finalised during the period, with 3 further drill
holes completed, and assays reported for all twenty-one drill holes (including 17 drill holes from the prior period).
This drilling is designed to infill the South East Crescent Zone Inferred Mineral Resource volume to 50m x 50m
spacing to support the potential upgrade of a significant portion of the Inferred Mineral Resource to an Indicated
Mineral Resource. Results received from infill drilling support the modelled grade and thickness within the South East
Crescent Zone Mineral Resource extents. "

So we're upgrading a significant portion of the inferred to indicated and we're expecting to take a hair-cut - pull the other one.

ATB - Paddy

It won't be 5/6 years Redtrader because by then Telfer would be out of ore and would be on care and maintenance with the loss of all their experienced staff.

It had not been conveyed to us initially but they have been expecting this slow progress as they move through the unconsolidated upper layers as they need to reinforce the tunnel every metre or so with mesh. bolts and shotcrete. As they go deeper into the harder rocks they can advance much further with every pass before they need to shore up and the pace should pick up substantially.

ATB - Paddy

Strike length is 600m but it's open in all directions and at depth AND has crescent style mineralisation INTERNAL to r breccia

Hi Tex,
Both Shaun & Sandeep have been purring about the Eastern breccia for ages and now we have an inkling as to why.

There's a lot more to come from that area in the coming months.

Good morning all, I missed the results last night due to a bit of a crisis at home - thankfully averted now - and have only had a chance to briefly skim through the report this morning.

Loads of great results (as normal) in and around the SE crescent with the comment - "This drilling is designed to infill the South East Crescent Zone Inferred Mineral Resource volume to 50m x 50m spacing to support the potential upgrade of a SIGNIFICANT portion of the Inferred Mineral Resource to an Indicated Mineral Resource" - particularly pleasing, so all eyes now to the MRE 2 update in the next 2/3 weeks.

Great to see the Eastern breccia starting to finally take shape - the comment that "Crescent style" mineralisation is detected internal to this breccia gives me a nice warm fuzzy feeling.

Havieron North (while not returning any significant assays) still has alteration showing and therefore proves that the system continues on 2km north of the main zones - I would remind people that these were the same sort of results that Newcrest got when they initially drilled Havieron back in the 80's/90's before we hit the jackpot with HAD001 - so there's no way they will be giving up on this area just yet.

They will have plenty of new data from that drill hole to help them target the good stuff.

I haven't read back through any of last night's comments so sorry if I'm repeating any f what others have said but that's mu initial thoughts on the report. GGP's RNS should be out in the next 10 minutes so it will be interesting to see Shaun's take on it.

GLA - Paddy

Proactive are hosting a forum in which GGP will present on the 17th February - the same day that NCM's half yearly results are out and most probably when MRE 2 will be released.

https://www.proactiveinvestors.co.uk/register/event_details/382?viewSource=TwitterUK

https://www.newcrest.com/investor-centre/key-dates

Don't delay and sign up for what should be a rip-roaring presentation - ATB Paddy

Nice bit of activity on the satellite image today - it seems that NCM have re-mobilised to the two drill pads that are just to the North of the sand-dune.

This could be to drill deeper into the SE crescent again or perhaps to probe into the Eastern breccia - one thing it shows is they are still looking for the edges and the bottom of Havieron - Open at depth and in multiple directions as always.

https://twitter.com/paddygall1/status/1485929063243988993?s=20

Looking forward to Thursday night immensely - GLALTH's - Paddy

Chartbuster - great to hear from you mate. I hope you are keeping well

Still looking for the edges & the bottom of Havieron - exciting 4/5 weeks coming up.

ATB - Paddy

https://www.investegate.co.uk/artemis-resources-ld/rns/intention-to-float-on-aim/202201211630012838Z/

Well, well, well, what do we have here - a declared short.

So now the boyos who were telling us that there were no shorts are now telling us to beware because the shorts won't be closing and are going for the jugular - give us a break....

We all know what Rick Rule thinks about shorts in equities that he's invested in after doing his due diligence - he absolutely loves it and he loves to see them increasing more & more.

It's all going to get very tasty in the coming weeks - can't wait to see how it all plays out and regardless of the outcomes - all the LTH's are here for the next 2/3 years. Sit back, relax and watch it all unfurl.

GLA - Paddy

I managed to get a clear picture of Havieron on planet. com yesterday.

It looks to me like there has been a step up in activity around the area where the vent shaft is going to be located. I know they advised that they were waiting for approval for the "blind boring" of the vent shaft in the last Havieron update.

I'm hoping that this activity means the approval has been granted and they are underway with the construction.

https://twitter.com/paddygall1/status/1483376066613886983?t=HyvPbUdWVrxTS-nJUCYpkw&s=19

We should get confirmation in the update next week hopefully.

ATB Paddy