Member Info for Bamps21

Starvest shares have been certainly undervalued of late and this is why that deal came about.

I bought a few shares after I met Callum last year but topped up when that deal was announced. I was telling people but they were saying it’s too good to be true. Well yes it was when the share price was lower than Ggp but now it’s about where it should be on par.

I don’t think many of the top holders are intending to sell their new Ggp shares so I’ve been told , I’m certainly not selling mine.

The Ariana shares look worth holding on to, waiting for the drill results paid for by Newmont and also paying 0.175p twice a year.

Feel lucky I took the plunge 🙂

It’s no good buying now, the deal doesn’t work.

15p on the MRE upgrade that’s 50% increase on todays price that’s very optimistic.

The last 2 MREs have been very underwhelming to the share price, I am still cautious on this next one.

It’s the reserves within this MRE that will mean anything especially to the Mining Plan.

4moz eq for reserves will be a good result , the resources are what to expect to be converted in the future to reserves at 86%.

The main catalyst at this moment are how many Institutions want to buy in at this time even with the level of risks pre Decision to Mine.

When this is announced the risks will be greatly reduced and more will buy in.

The Decline nearing the ore is also a risk reducing factor.

Looking at the satellite pics of the waste mound from the Decline a huge acceleration happened in the last 3 months with the shape nearing completion before the rock armour is structured over it, this will come from the Lower Aquifer, the last hurdle.

Before these results come out I suggest you re read the company objectives

In these they have stated they are looking for other Tier 1 mines in the Paterson.

They have found a lot of smaller gold and copper intercepts already and then moved on.

I hope Pearl comes good but I don’t think it will this time, I have my doubts it will be big enough.

Their objectives are to hit the big ones.

To make sure there’s a big one in Scallywag they’ve added Rudall , Wanman and Pascalle into it.

Damien Stevens made the point saying how good Rudall was but not naming it.

Think Pearl and A35 are going to be small mines eventually.

Lot of news however before Xmas though, maybe news of Ggp regaining the management of Juri to explore Blackhills and the new licence adjoining to the north which has been added to Scallywag.

Keep drilling , keep analysing, keep moving on.

They’re after another big one.

There’s a reserve production forecast here:-

https://polaris.brighterir.com/public/greatland_gold/news/rns/story/xo783mr

You can look back through my posting history to find them .

All the brokers notes are based on averages over the whole starter mine so won’t give an accurate summary of what will come out initially.

They are going to need a consistent ore grade going through the mill so the acid contents can be kept constant. They will be picking and choosing, blending all through from mine, ROM , crushing and processing.

I’m still expecting the first ore to come out to be high grades and rich in copper and cobalt.

The Starvest deal looks interesting besides the 1.33 Ggp shares they are giving back to shareholders per SVE share they are also giving back 0.199 Ariana shares.

Ariana pay dividends twice a year 0.175p.

Their latest news concerns a porphyry target in NE Kosova which they are just starting to drill.

These drills are being funded by Newmont.

Results due after shares are distributed.

What will happen if the results are good? 🙂

Busy night on ASX around Bromus.

Rio farmed in to a lithium project to the west.

More nickel found to the north.

Also Rincon announced a gold intercept on their Westin project near Pascalle

Looks as though Bromus is nearly through the heritage hoops.

This is at the Southern end of Galileo Mission Sill target and Callisto there are 2 northern trends heading straight for Bromus.

Galileo quote this area as being a “Plantreef” analogue of South Africa, they are finding plenty of PGE minerals especially platinum and palladium and nickel of course and a cobalt area on the southern border near Bromus.

Going to be a very busy year

Hi Spades no need to correct yourself 🙂

Paddy sent my calcs to Callum.

His quote was “I think Bamps could be right”

I had over 30moz 🤣

If look carefully you can see the historic drill positions in a line

Hi TT

With hindsight it looked as though the Juri was given away cheaply but Ggp haven’t spent much exploring it using Newcrest funds. If they can get it back cheaply will be a good move.

Should have posted the link

https://antipaminerals.com.au/upload/documents/investors/asx-announcements/231106033946_23-11-06-MediaRelease_CommencementofDrillingatTetris_FINALv2.pdf

Tetris was one of the 3 areas relinquished by Newcrest last year, the others being Pacman and Pixel.

Too far from Telfer probably

Hi TT

I was chatting this morning what will Newmont do with their 9.9% investment in Antipa. In Newcrests accounts the value went down $1m to $3m too small for them probably.

The Wilki joint venture could get amalgamated in with the Juri jv where Ggp takeover the management and Newmont take a Royalty.

The only target I can see worthwhile though on Wilki is Tetris, Antipa have plans to drill that soon.

It’s something that Shaun must have had his eye on as it now sits in the centre of our Rio joint venture of the Basel licence.

If you look at Basel on the plan Tetris is the big square in the middle of it.

Hi Ben

Before your suggestions there is the big question of what Wyloo will do.

When will they take up their 10p warrants?

It could mean A$67m going in Ggp bank before or after the MRE, then we don’t need their loan.

Momentum is building 🙂

Hi Tom

That guy said some acrimonious things and then said he was a friend of yours. He wasn’t the sort to support I’ve green binned him

Https://www.ggpchat.co.uk/viewtopic.php?t=837

I’ve put a cross section on this thread following the wild cat previous drilling.

On this I’ve drawn a green line showing the basement level, I’ve also shown the 2 drills that found anomalous gold in the basement rocks it’s this they’re targeting.

There’s 2 targets on Meadows at the moment the Western 6km long and Eastern 2km long.

Newmonts survey tool confirmed the presence of these 2 anomalies details of which were left with Ggp after they left.

Ggp have not done a downhole survey yet, the only thing that was done was a camera shot at the basement and every 50m into the basement rocks.

The banded iron formations seem to be in the Western target stretching its full length, will be interesting to see what percentage of iron comes out, in the Pilbara it’s around 62% which is economical. Not all banded iron formations make the 60% so it will be interesting. One drill is targeting this Western zone.

The other drill is targeting the Eastern zone where they are saying they are targeting a granotoid ( granite is a type of granotoid) contains 20-60% quartz. The best drill so far has found anomalous gold at the top of this granotoid just below the basement level.

The cover at the NW end is shallower than the SE end 130m - 250m but the basement is up and down quite a lot as shown on that section.

Banded iron formations BIF

See here :-

https://www.ggpchat.co.uk/viewtopic.php?t=837

Hi Spades, Tom

I’ve found my problem it was an Adblock pro update.

In Adblock settings turned on “Pause blocking”

Hi Tom

Taking off Java Script disables the bar at the top but it certainly works removing that video. Might use it if I keep refreshing one page but as you say best to keep stopping it playing.

Hi WOMO

Turning off Java script works when looking on one page and keep refreshing but I have to turn it back on to change pages.

Absolutely frustrating!