Member Info for Bamps21

Forecasts of $12,000 per ton
https://www.thehindubusinessline.com/markets/commodities/copper-likely-to-witness-supply-deficit-prices-may-surge-to-10000t/article66356367.ece/amp/

Copper still gaining but Molybdenum seems to be the star.
https://www.mining.com/surging-molybdenum-price-adds-weight-to-new-year-rally-for-copper-producers/

Whether we have enough at Havieron to be viable remains to be seen but Havieron does have it the historical drills indicate above the top of the ore
Especially
Hac001 002 where it shows as trace elements .

It’s Molybdenum that gives Cadia a minus AISC
It’s processed in a separate plant from the copper concentrate before the concentrates resume their travels to a railhead by pipe.

The price of copper has dramatically risen from $3.70/lb since the 6th of Jan to $4.11 this morning it’s starting to mirror what happened last Feb where in the space of a few hours it shot up to $4.63 .
The rise of copper this time looks far more sustainable.
The South American producers are struggling to keep their production rates up.
Numerous factors effecting their output besides the geopolitical uncertainties and strikes producers were struggling with their water consumption restrictions and falling grades.
Most of the copper is leached using vast amounts of water.
Havieron ore will not be heap leached as its going through the Telfer train to make a copper concentrate powder or beads .
Heap leaching forms a copper concentrate liquid which can be dried for shipment.

Havieron copper production start date seems to be heading for a perfect start up date with first Ore producing very high grades (4%-10%) at very high prices and energy costs unlikely to hit last years highs (depending on geopolitical uncertainties )

That link to copper was very interesting forecasting $11,000 per ton in 2025
On our 3mt plan 2025 forecasted production of around 12,000 ton of copper
That’s a full year revenues of $40m for Ggp’s 30%
Today’s price c$8,300 would yield $30m
(Assuming costs are covered by gold revenues).
This is for a grade of 0.67%.
I still believe the grades will turn out higher due to the very high grades in the Western zone level 1.
Trading economics forecasts chart show a high of $6/lb (13,440 per ton) max to c$3.75 per lb ,c$8,300 per ton minimum

$8,300 seems to be the floor at the moment.

High forecasted prices / large shortages in supply / lack of new large mines coming on stream, all look to be converging at the same time as Ggp starts producing.

The perfect storm for Ggp:))

IGO jv acquiring lithium licences to the north of Bromus from Essential resources

https://ggpchat.co.uk/viewtopic.php?p=3634#p3634

https://t.co/ebq9kxMFei

Interesting reading on copper situation

I’ve had this discussion with JerryS previously and Ggp do not qualify for IHT exemption as their main assets are solely outside the UK.

Your wrong there
Ba
Co
Ni
S
Li
Fe
:))

See where minerals originated on the periodic table

https://ggpchat.co.uk/viewtopic.php?p=3632#p3632

Havieron has always been accelerating, bit of a blip with the 5% but that’s gone.
Greatland’s jv with NCM was announced on 12th March 2019 that’s just under 4 years into an exploration joint venture of a 6 year programme.
This jv was completed over 12 months ago with nearly 250Km of drilling that’s under half the time expected.
A new agreement was signed for a joint venture into mining Havieron with the Decline progressing towards the ore which is currently about halfway and first ore is due out in around 12 months.
That will be just under 4 years from commencement of the jv.
That’s for 55m ton for 6.5moz equivalent on 12 months behind in reported news.
If you just read that chaps remark about another share in Kenya they’re looking at 14mt for 703koz over 10 years with no copper.
Absolutely no comparison, Havieron is on the cusp of 300,000 oz per year for a minimum of 10 years and maybe upto 50 years continued production .

I’m certainly not looking elsewhere to invest at the moment, that’s only my opinion not a suggestion to buy.

Hi Timber Trader
According to satellite images from Paddy and Strudel they were still drilling at Pearl on 11th/12th November .
Cloudy skies till 20th November
Gone from Scallywag between then and 1st December
Camp set up at Ramses on the 1st December.
Gone before Xmas.

There was no evidence of more than 2 diamond drill holes at Pearl/Swan.
Shaun couldn’t have known when the assays would be returned at the Town Hall event but alluded to the labs turnaround time being quicker.
I doubt very much that the cores had reached the lab by the time of the town hall event. Transport to core shed ,evaluation of cores, splitting of cores and transport to lab.
February is more likely for those cores.

Juri results may come out with NCM quarterly results end of January.
Ramses in March is my best guess

If you are looking for an MRE you are looking in the wrong report.

MRE reports are in February if the Havieron one is not forthcoming Shaun said he would produce his own again but is giving NCM the opportunity to produce one
The MRE doesn’t effect the FS timing

Hi catchme
NCM are not issuing updates of Decline progress at regular intervals maybe in the quarterly report.
Progress per shift though cannot exceed the height of the Decline (physics)
What we do not know is whether that gang deviates into vent accesses away from the Decline face or whether secondary gangs are working.
You won’t get any figures either by asking them directly I’ve tried

Yeah right. I don’t think

We have to be realistic with Scallywag as there was only 2 drills this time I didn’t see anything to suggest otherwise.
They were drilled after Blackhills A27,Tama and A9 so I’m expecting Juri before Scallywag results.

Hi Droverman
That’s the trouble CO2 going up the stack warming the planet.
That’s why Andrew Forrest is going for green hydrogen zero carbon dioxide.
What you are saying is backward technology, it’s not sustainable, this is what Boris was promoting to reduce carbon emissions he was blinded by science and backed the wrong horse.
In a sustainability report you can’t promote blue hydrogen that’s not sustainable, it’s not carbon neutral.
All miners are looking at hydrogen for the future especially in Australia, legislation is moving towards green hydrogen. Miners with land and infrastructure will have a secondary income from producing green hydrogen.
AF has already signed contracts with Germany to supply them with 30% of their green hydrogen needs.
Ggp are sat on land and getting more so the introduction of solar/ wind to produce green hydrogen will be a huge bonus. Shaun knows this cos I’ve chatted to him about it. Not something for a few years but the technology is advancing very fast.
I would say by 2030 Ggp will be an energy producer.

Think big , this is a big market to get into, pumping hydrogen to Port Hedland to turn into ammonia for shipping and transit.

The hydrogen you are talking about isn’t green hydrogen it’s blue at the moment from natural gas. Carbon dioxide is removed from natural gas to form hydrogen before it is pressurised.
I don’t know how far Fortesque have got in changing to Green. The supply of electrolysers is limited.

Hi Droverman
What you are describing is blue hydrogen it emits carbon dioxide that’s not green, Fortesque are reinventing itself into a green hydrogen energy company.
There’s no point changing natural gas into hydrogen and burning it might as well burn natural gas.
Burning hydrogen in a confined environment only produces water, burning it in an unenclosed environment produces nitrous oxide’s

https://www.reuters.com/business/sustainable-business/australias-fortescue-metals-signs-deal-develop-green-iron-making-plant-2022-12-19/

Fortesque are turning into a green energy company

Hi oj17
This is like the Betamax and VHS designs which one will win.
Half the mining majors have gone with hydrogen trucks and the rest with electric trucks.
Perhaps either will win or both may prevail.
Both have their issues:-
Electric uses liquid lithium ion batteries which have a small chance of combustion especially in hot conditions.
The holy grail of battery design solid state is still not quite there.
Green Hydrogen electrolysis is still governed by the size and the availability.
A stack system is due out soon.

Hydrogen for me has the capacity to cope with bigger trucks and can travel further, exciting times.