Member Info for Bamps21

Must be getting close to knowing the evaporation rates

https://www.ggpchat.co.uk/viewtopic.php?t=777

I’ve put some images of the graphics on this thread

https://www.ggpchat.co.uk/viewtopic.php?p=5023#p5023

Newcrest submitted a revised referral for approval recently.

I believe that photo on LinkedIn is taken on the Northern Access Road which is shown on the top left of the plan.

The grey evaporation pond looks to be a massive extension of the ponds if required hopefully it won’t be needed. The first full pond is already evaporating quickly as can be seen in the “pond thread”

https://www.ggpchat.co.uk/viewtopic.php?p=5020#p5020

https://www.ggpchat.co.uk/viewtopic.php?t=857

The white area is the salts left by evaporation

Https://www.ggpchat.co.uk/viewtopic.php?t=857

Hi Zoros

It’s hard to know at this stage what the Mining Plan will entail.

I will try and detail what I’m thinking.

Reaching the ore body September quarter?

This could mean one of two things, firstly getting to the top of the ore body or secondly as seen from those graphics the green exploration Decline finishes at a production level.

The first production level could also mean two things.

Top of the ore is 420m below surface but that’s only in an area to the west of the Dyke. The first stope level from the graphics in this area is 21-22m or 441-442 from surface.

This requires an additional 150m of Decline and also around 2-300m of infrastructure some of this goes through the ore. That is 1 month for the Decline and 2 months of infrastructure.

The main production level is another 56m lower. A further 3 months plus 2 months infrastructure.

Therefore I have 2 dates in mind one is we reach the ore face with infrastructure by Oct-Nov 24, or January 25.

Infrastructure ore could start coming out Oct-Nov24. Main production from that top level will be 2025.

The Run of Mine stockpile area has increased significantly in the last submission so I’m assuming they will be looking at multiple mine faces during 2025. The contract for shifting ore to Telfer can only start when there is a sufficient stockpile .

The main production level could be June 25 and the third level September 25.

Also the Eastern front will be ready June 25.

The top area though is where all the juicy grades are 10% copper and 0.5m intercepts of 64g/t, 103g/t, 211g/t gold.

This is my thoughts based on 5m per day progress, the rate may double in drier working conditions bringing timelines forward.

Changes to the Mining Plan are almost certainly going to happen at FS

Still do

You will have to wait and see

Not a good timing for this news, I would prefer it to be issued in January when markets are back to normal

Don’t forget the copper

At 3m tons per annum at 0.6% grade

Today’s price = $3.885 per lb

2240lbs per ton

3m x 0.6% x 2240 x 3.885 x 30% =$47m to Ggp

Price may rise to $4.5 =$57m to Ggp

0.6% is an average but grades are likely to increase

At 1%

$3.885 = $78m

$4.5 = $91m

At First ore 3% may be possible

$3.885 = $238m

$4.5m = $272m

Prices could rise to an all time high of $5 and the grades could achieve higher than 3.

If the costs are taken out of the gold revenues this leaves all the copper revenues into Ggp accounts

These revenues in one year could pay for all the mines capex

The grade announcement and prices at all time high could have a phenomenal effect on the share price.

Just a bit of reminder why we are all invested in Ggp.

We know there’s an MRE coming, the FS and decision to mine are overdue, the underground works are still continuing.

At some point in 2025 the decline will reach the ore and the mining infrastructure will start and the ore will be coming out.

That’s the reason we’re here the Ore coming out the rest were always going to happen.

The gold Dore bars will be the first shipment for processing and produce the first revenues. This will pay the AISC.

The copper concentrate will end up going to Japan, this will take months to return revenues but there will be credits for gold, silver and copper.

The gold and silver credits will pay for the toll process, overheads, debts, taxes plus future capex.

At this stage no one knows how much profit will be from that gold but the real profits are in the copper .

This starts in around 12 months time with ore coming out and transported to Telfer.

The build up to this ore coming out will put big upward pressures on the sp.

We have average grades of copper quoted at 0.6% but I believe initially this could be around 3%.

Any news of an uplift in copper % will send this flying.

I will show you why in my calcs in next post.

Between Xmas and New Year

I was so glad I made the effort to get to shareholder meetings over the last couple of years and to have met so many nice people some of which have become very good friends.

I class Archways as one of them we communicated quite a lot.

I was quite taken aback when he turned up at Stirling that was quite a story for him.

He got talking to a chap called Mark who was a JPM commodity trader so they had a lot in common and realised that they had both talked to each other on the phone doing business.

Mark gave me some difficult questions to answer after my little talk.

The news that Mark had passed away affected me and Archways.

I shall miss our little chats you won’t be forgotten.

I had some distressing news today our Archways has sadly passed away .

A true gent I will miss his gentle patter.

Paddy just shared this plan of the surrendered licences.

Antipa seem to be the only applicant.

I believe there to be environmental issues on the Teach area.

https://www.ggpchat.co.uk/viewtopic.php?p=4998#p4998

Hi Droverman

I quoted from a paper on Springer but you’re right it’s a very small percentage, they’re looking in the right place but I feel need to go deeper

It doesn’t matter what the value of this MRE comes out at, the shorters are likely to hammer it whatever and we will see the ugly ones on here again.

Downing the sp after those drill results didn’t work as well as they had hoped, so dampening expectations does help.

Around 1% of Exploration projects make it to production.

Drilling allows miners to analyse the cores for mineralisation. It also allows for downhole surveys to be undertaken to view the structures below the cover sequence.

Ggp have undertaken have identified 2 targets deep down , the big one under the London target looks very encouraging and is classed as high priority for 2024 to be drilled

That’s typical from you.

You wouldn’t know a good drill from anything else you’re just out to cause s….

Camp site is now empty at EG

Ggp have been reducing the size of Scallywag with some areas surrendered

https://www.ggpchat.co.uk/search.php?search_id=newposts

Teach is one of them