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Yes unbelievable!
Every time there’s news of Warrantina this old chestnut comes up.
F l y n n gold have nearly all the licenses around this area, they have all the relevant experience and local knowledge to move this licence forward to production way quicker than Ggp could.
This is a small licence it has a lot of targets over a long strike. Each target may produce thousands of ounces not millions.
Total fallacy that it will pay for Havieron that’s total bo…..s
Could be 5 years before it starts producing
Well from the data posted recently it looks like we have a large short position by a new company to Ggp. They’ve been shorting other companies not related to mining, it looks as though they won’t be here long. Their forays into other stocks have shown a steep drop followed by a sudden rise, so I’m expecting the same here.
Why?
Well the data is showing nearly all the PI nominated account holders have been falling these last few months. These do include 100,000 of my shares that I sold to buy Starvest, where the deal was to close the company and give back to shareholders 1.33 Ggp shares for every Starvest share. These are due in January. I can’t be the only one who’s done this, so expect a rebound of increases into the nominated accounts. I certainly will have more than I had before, for no outlay.
Shorting at this point seems really daft to me with this Starvest deal coming that firm should do a bit more research by the look of things.
Https://www.ggpchat.co.uk/viewtopic.php?t=873
These fascilities are enormous compared to the Havieron footprint, there’s already 208m cubic metres of tailings in TSF7 and designed for 250m, the extension to TSF8 to accommodate the 43.5m cubic metres from the latest Havieron MRE will lift TSF8 up from 27m high to 67m.
My calculations are 176m cubic metres of ore from Havieron so something much larger needs to be designed at some point.
43.5m is only the starter mine, 176m will incorporate a bulk mining operation, everything else like extensions may increase it to 250-300m but that will be many years away
Today’s image shows little change in the ponds, it suggests that they’re putting more in the ponds or the ponds are filling up slower . The 2 filling are not showing signs of evaporation yet.
Looks to me that the aquifer has depressurised
3 of those tailings lakes are earmarked for Havieron paste fill, they won’t add to those.
After Cadia dam collapsed they started filling the open pit , I would expect the same at Telfer.
Callum relinquished Lackman Rock nearly 10 years ago and taken on by Cullen who announced Lithium
https://www.ggpchat.co.uk/viewtopic.php?t=221
I can see everyone is getting hot under the collar about the broker note which I haven’t seen.
All these brokers seem to have priced in a bulk caving operation at some point. The reality is that a bulk caving operation will be sometime in the future.
This looks to me like a repricing without the bulk cave, that’s just my opinion but I haven’t seen the note.
This FS coming is likely to be the first of many, perhaps this one is just concentrating on the initial high grade stoping approx 15 years.
Hi Chippy
Panorama could be really exciting the latest survey could land at anytime.
Besides gold, copper, nickel and cobalt there’s also zinc and pegmatites this is where the lithium will be.
The licences to the east and west have found lithium, there’s large areas to the north and west where they have found lithium.
Let’s hope they include it in this survey it could land at anytime soon.
From the last satellite photo on the 5th January it looks like the ponds are not filling up so fast compared with 10 days earlier .
The next image is due on the 10th let’s hope for a clear day.
Even though the situation from those images looks like the aquifer has been depressurised, that doesn’t mean to say they can continue with the Decline.
Shaun said they were going to complete the vent raises and drives, plus install the Evasee fan on the surface. There will also be blast curtains to install to direct stale air through the vents up to surface.
They’re possibly at the point where the air coming in through the Decline is insufficient and the fan needs installing.
It’s going to be a large fan but whether we will be able to see it from the satellite images I’m not so sure, the Sentinel one is not that detailed.
As far as the Byrnecut contract is concerned, there’s no guarantee yet that they will proceed at Havieron. Will NEM bring in their own preferred contractor ? I doubt it personally , it will be a big disruption , they’ve been at Telfer for years.
If they haven’t reached the base of the Permian cover by the end of their contract the Production Decline contract will take over and keep going down.
There will possibly be another contractor in place to construct the stoping infrastructure and start ore production but the venting infrastructure has to be in place and working by then before approvals can be obtained for ore extraction.
Going to be a busy 6 months and then get busier.
You just can’t compare Havieron with any other mine , the last 4 or 5 years you class it as feeling their feet in the planning , design, infrastructure stages.
MREs are normally conducted at PFS and FS stages, at Havieron we had some very heavy politics to deal with , firstly the 5% clause and secondly the Newmont takeover.
You have to commend Shaun for bringing us through all these horrendous shenanigans.
Nobody knows what this orebody is going to throw at Ggp/us next.
Exciting times ahead
Hi YNW
I haven’t heard any body say it was obvious that the reserves would not be announced in the MRE, you are putting words in other peoples mouths.
Shaun knew there were certain shareholders clammering for the release of the MRE, he said he might release one in the December quarter if Newcrest doesn’t issue one last August. It was obvious to me that most of you do not know what or how MREs are used for. It’s to assist in a mining plan I’ve said that over and over, a mining plan needs the reserves data, an FS needs a mining plan and a reserve figure.
Therefore I suggested it should wait to be released with the FS.
You are a making a mountain out of a molehill.
Hi Chuffchuff
Your logic has confused me. You’re saying you have invested in Solgold but you don’t want Ggp to have Telfer because of the time to get to revenues.
Cascabel could be 10 years away from what I can see, I maintained for a few years now that Solgold were too small to go it alone.
Revenues will come out of Havieron whether we have 30,70 or 100% on similar timelines, so for Ggp to have 100% would give huge revenue stream and control which is a huge benefit.
Latest pic
https://www.ggpchat.co.uk/viewtopic.php?t=871
Looks little change from 26th could be the aquifer has depressurised
Hi TT
In the old mining plan there was an exploration decline right into the centre just into the ore body. Last March the new design wasn’t connected to it, so I am unsure what the intentions are now.
Two options:-
First one is as the old plan down from the top.
Second one wait until the Decline is lower and go in from the side.
I would have thought by the end of the year or early next. This phase of drilling will not get to the deep stuff, it will be a continual case of phased fan drilling all the way down.