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Rotten Apple
Your predictions are like saying Liverpool will be in the Northern league next.
Complete nonsense

A twist to this heading.
We could probably get down to about 2400m if it’s viable, the size and at that depth would give 40moz +, that’s in my opinion.
Only underground drilling will give the answer to the depths it can go to

Hi Mush
I was surprised Callum was so conservative with his 10moz statement.
He told me it will make 20moz.
When someone sent him my calcs his reaction was “he could be right “
All depends how deep this goes, and the overall sizes have been increasing over the last 12 months which is all down to the amount of drilling information coming in.
See the growth here:-
https://ggpchat.co.uk/viewtopic.php?t=124&sid=9cc72f92b5cbc793cb3beeb6f8314ecb

AISC at the moment isn’t effecting Ggp at the moment because we are not producing.
If I were in NCM shares I would be concerned.
Telfer has been scratching around looking for more ore to keep the plant open, it has a really high AISC and the weak ores they’ve been finding have only become viable with the high gold prices. The fall in the gold price recently could shelve this project as it becomes less viable. They could carry on at a loss but the reinstatement costs could make it just not worth while.
It will put more pressure on NCM to get more out of Havieron more quickly.
If a hoist goes in you will know they plan to go for more.

I you are a short term trader then you didn’t do your research before jumping in here.
The Capex costs for 2022, 2023 and 2024 have been known for sometime as also the debt requirements.
If your holding for first production the future looks really good.
Most AIM shares have dilution issues but most only dream of large revenues.
Ggp large revenues are looming holding these shares will give you a part of that.
The Feasibility Study is just the start of the trajectory, probably the end of October like last year’s announcements.
The acceleration in the Decline progress will pleasantly surprise people and could give us a target date for reaching first ore.
We will be able to see this ore in the satellite pics when it’s stockpiled in the ROM mound next to the Box cut.
This will start in about 15 months time in my opinion.

While this is happening we may have news coming in from Havieron north, with 6 pads happening there now it could be they’ve found something of interest.
What would another MRE in that target do for the value.
As I’ve said short term a lot of other things are happening elsewhere with lots of drilling. As Shaun says another half of Havieron or even a quarter of one will change the situation completely on its head.

That’s a very blind accountants look on the economics of mining.
It gets bigger and bigger. Of course it is but only by the amount of drilling that is required to prove the resource.
They’re still trying to prove resources outside the known MRE.
If they drill it costs the bigger it gets the more it costs..
The drilling to the main body is nearly complete. The depths now are too deep for accurate drilling.
The new pad position are on the east targeting deep into the NW pod were the resource is not fully known.
Why do they need to prove up the resource ?
The answer is all in the mine planning and future management of the processing. You can’t plan without an adequate level of information.
If Ggp would still have 100% I doubt very much we would have drilled enough to have a maiden MRE.
Without drilling there’s no 6.5mozeq reserves that is less assets.

Regarding the exploration drilling they still need to find if there’s anything there, it’s not a big licence, it could effect where they put the infrastructure.
A wrong decision at this could have a huge financial impact in the future.
Your assessment of NCM draining Ggp funds is false, Ggp and NCM need to know what’s there.
Look back at all the presentations for both companies and you can see the future capex for 2022 and 2023 reaches a peak and then tails off when revenues start.
This has always been the position with faced, the slow progress of the Decline hasn’t helped the situation but progress is now picking up speed and accelerating.
As I’ve mentioned in previous posts first ore revenues are huge for Ggp, these loans or debt you talk of will be gone in 3-4 years, they’re not that big in the scheme of things.
Future revenues will keep paying for future capex.

I try not to look at the daily prices, I don’t predict what the outcomes will be.
I invest in the assets initially when they’re low but will keep investing as I see fit.
There’s still no change in my position here, I’m adding when I can, the assets are still fantastic no matter what the negative trolls want you to believe.

The size of Havieron is immense and don’t underestimate it, it’s going to get a lot larger.

The drilling going on at present is very exciting:-
6 new pads to the north of Havieron you don’t put that many in without knowing there’s something there.
More drill positions in the orebody
A drill rig sat on Meco
2 pads at Rudall
Pad at Blackhills A27
At least 2 pads at Saddlereef
8 pads for the conductors on Swan
2 pads on A9 at PRE
Tama also to be drilled

Plans to drill Pascalle as well

Artemis still drilling on the border one right next to Scallywag they haven’t given up on those targets, which is very exciting for Scallywag.

I don’t like the situation at the moment but I haven’t given up on my enthusiasm for a great company that is Ggp

You still trolling Chri5p
What have I illustrated that will be a huge cost to us?
Ah yes the drilling
6 pads to the north of Havieron - only 30%
Pads in the orebody - 30%
Pads at Blackhills and Paterson Range North - Nil cost NCM farm in

Scallywag and Rudall pads funded from last October fund raise

I forgot your just here to install doubt with your drivel

I try not to look at the daily prices, I don’t predict what the outcomes will be.
I invest in the assets initially when they’re low but will keep investing as I see fit.
There’s still no change in my position here, I’m adding when I can, the assets are still fantastic no matter what the negative trolls want you to believe.

The size of Havieron is immense and don’t underestimate it, it’s going to get a lot larger.

The drilling going on at present is very exciting:-
6 new pads to the north of Havieron you don’t put that many in without knowing there’s something there.
More drill positions in the orebody
A drill rig sat on Meco
2 pads at Rudall
Pad at Blackhills A27
At least 2 pads at Saddlereef
8 pads for the conductors on Swan
2 pads on A9 at PRE
Tama also to be drilled

Plans to drill Pascalle as well

Artemis still drilling on the border one right next to Scallywag they haven’t given up on those targets, which is very exciting for Scallywag.

I don’t like the situation at the moment but I haven’t given up on my enthusiasm for a great company that is Ggp

I’ve been told it was the MSCI rebalancing their funds indexes after outflows from the funds.
A range of miners went down by differing amounts depending which fund they were in.

Sprout you better check this out before believing that
https://ggpchat.co.uk/viewtopic.php?t=164

Newcrest are under a lot of pressure at the moment to increase revenues and reserves.
Havieron can increase the reserves incrementally now but the revenues are still 12 months away.
They’ve shifted their focus to their new purchases which can deliver both.

Has anybody taken into consideration Newcrest’s policy of venturing with junior partners, they may be trying to nurture Ggp to be their exploration arm.
Why would they make it clear at the Diggers and dealers conference that they were actively seeking junior partners and stabbing their main one in the back.
They are forming us into a partnership that could last for decades, a ready made partnership that most juniors only dream of.
All the conspiracy theories on here over the last 9 months have all come to nought, why can’t you give it a rest and concentrate on the positives.

Read the last page
“Searching for the best partners”
https://www.newcrest.com/sites/default/files/2022-08/220801_Newcrest%20-%20Diggers%20and%20Dealers%20Mining%20Forum.pdf
Ggp are continuing with the management of the Juri jv, they do have confidence in us, they’ve taken over the management of the Antipa jv.

The Joint Venture Management Committee will be comprised of a maximum of five representatives. As at Establishment Date, Newcrest shall be entitled to appoint three representatives and Greatland shall be entitled to appoint two representatives to the Management Committee.

· Following the delivery of a Feasibility Study, the Management Committee will meet to consider a Decision to Mine. A unanimous vote by the Management Committee is required to approve a Decision to Mine. If a Decision to Mine is not approved by a unanimous vote, then the party who voted in favour shall have an option to purchase the non-approving party's interest at fair market value.

· As part of the joint venture, Newcrest and Greatland have entered into standard cross security arrangements which in the case of Greatland will also secure repayment of the Havieron Loan.
https://polaris.brighterir.com/public/greatland_gold/news/rns/story/w1je54w

From what I’ve read the loan facility B $30m does not include paying for the Feasibility Study

Hi Redtrader
There’s a clause in the jv agreement that says if the Joint Management Committee can’t agree on proceeding with mining then either party can buy out the other party for FMV.
A chance for Shaun to offer a $1 for Telfer . LOL
That’s what he said he would have done in 2018 if he had been in charge

Drilling of A9 has started just to the SW of Los Diablos on the Paterson Range East, said to be the best target found in the aero magnetic survey

https://ggpchat.co.uk/viewtopic.php?t=486&sid=1ea6d57694e83c2e148e291fa032e3f1

Bojo you are having a laugh “respected poster on the meditech boards”
We are in no need of his or your medicine.
His attitude towards Paddy is beyond belief, his calculations were erroneous and misleading.
I don’t need you to tell me what to do

I take you back to April 20 before I started posting calculations.
There was a spat from Sicilian cant aimed at Paddy.
Paddy was trying to work out tonnages and this chap was decrying everything Paddy was doing.
The results came out in April 20 with Had47 out of 20 drills was probably the weakest.
This guy picked on this one and trod Paddy’s calculations into the ground.
Well I knew his assessment was false but I wasn’t posting much and I was chatting to my friend Petersalkeid who was trying to do his own calculations so I started to help him.
The trouble with including Had47 in a calculation (which I ignored by the way) it hardly reached the sulphide ring which is probably at its thinnest at that point.
The intercept this guy used was actually not in the oval ring it never got to the sulphide ring at all.
I know now that the intercept is totally in the alteration zone outside of the ovoid.
We have an intercept 45m long at 0.36g/t and 0.05% copper that to me is a fantastic result in an alteration and is part of the 20m oz Shaun is talking about.

In hindsight now who should you have listened to was it this poster who was trying to mislead you or our Paddy who actually under calculated at the time.

Going through todays posts there are quite a few of these posters trying to get doubts in your minds about the likes of Paddy, Hydro and myself.
Who are you to believe?
Don’t let these doubts cloud your judgement

Hi Zoros
Can you point me to wherever you found that the bulk cave decline would start Q4/22/23 or 24.
I don’t remember seeing anything.

Hi Zoros
Why do you think they will produce another MRE for the FS?
I don’t think one is needed for the FS, which will be based on a 3m ton per annum mining plan. They have all they need to produce that.
My expectations are the FS will come in late October /early November like all the PFSs did last year and a NCM MRE will come out with all the rest in Jan/Feb, as earlier this year.

Hi Flashy
The last item is out of date that came from pre PFS times but not likely to start for maybe 4-5 years.
That should read SLOS mining the start of which will not commence until we reach the ore body.
The Decline will just continue downwards to what depth we don’t know yet until the FS is produced, but could more than likely go to 1,000m of ore which would give a Decline length of 7,000m.

Future bulk caving may have access from the Decline but more than likely a conveyor Decline will be required.
The FS may give us a plan for the bulk mine if they have enough information but I’m doubtful.
The SLOS mining will be the basis of this particular FS, with hopefully some idea of a conveyor plan or hoist.
Transport out from the bottom of the SLOS could be not feasible due to the travel distance so I’m hoping for a hoist system which Shaun said he prefers