Member Info for Bamps21

Hi PLPew
I missed your conversation with my friend last night he was telling me on the way home, I would have liked to have been in that discussion about concrete and reinforcement bars.
Hope you have left your details with thedoors, we are all intending to keep in touch

Hi Rotherby
Jerry came Surrey, Archways came from Stoke.
There’s a lot of very nice people involved with this share and was very pleasant to meet them.
All I can say to people who would like to meet others is to put yourselves out and travel stay overnight and enjoy others company.
I’ve been to the Stag twice, Stroud do and one with Goldworm in Malvern all very interesting.

Hi Mush
That’s funny “power ranger cards” but not as funny as Jerry working out we could have more than 50m oz :))))

Hi thedoors
Thanks for organising the event very enjoyable:))
Especially finding out Roger lives 100 yards from me :))

Thanks everyone for an enjoyable evening, nice to put faces to names, I hope I can remember them all, will be in contact after the results.
Bamps :))

Hi Tom
Some advice- please stop attacking others with abusive phrases, it’s doing you or this board no favours
Thank you !

I know things are going haywire with nickel at the moment, I have always been wary of nickel, the market for it has always been volatile.
The nickel price seems to be always controlled by what the Russians do.
In the 90s they flooded the market when they were in disarray.
Now or did produce 20% of the global refined product.
This will probably find it’s way into China and electric cars but with only one market will the Chinese pay the going rate, doubtful.
Investing in the wrong technology could be costly, by that I mean nickel batteries, the high price will bring other technologies in. If not electric car prices will be unsustainable.
This makes hydrogen investment even more appealing.
Especially now when you look at Russian sanctions, the biggest impact will be on ammonia production.
Russia is the top producer and then Trinidad.
Ammonia is produced from nitrogen and hydrogen, the hydrogen is from natural gas.
No ammonia from Russia means Trinidad has to increase its production using their gas.
I think the Uk gets 11% of their gas from Trinidad.
Norwegian ammonia production is also from gas but they are buying electrolysis equipment from the UK to start using green hydrogen, this market can only get bigger.
Check on the investments you have invested in and see what the future holds
Great piece on hydrogen on the theengineer
https://www.theengineer.co.uk/itm-power-gears-up-for-green-hydrogen-revolution/

Electrolysis needs more copper than nickel

Sandvik
DE880 rigs , Ddh1 drilling have 27 of these rigs .
Each type of drill rigs have maximum depths they can drill down to.
At Havieron the drill sizes used are
PQ3 122mm hole size 450m depth
HQ3 96.5 hole size 2125m depth
NQ3 60mm 3200m depth

https://ddh1drilling.com.au/our-equipment/

Most of the cores we see are from the NQ3

Salaries for drillers in Canada are around $30/hour

https://www.glassdoor.ca/Salaries/diamond-driller-salary-SRCH_KO0,15.htm

The other prices to keep your eye on is lead and zinc both doing very strongly, found in alteration zones and it makes Firetower look very good (especially Firetower East) besides Havieron and Scallywag

If we did have nickel I doubt we would achieve non LME prices as Kitco were showing this morning.
I didn’t get excited by that but to go over $10,000 up from a few months ago is quite something

Hi Ipad
Hope you ok after your op.
There’s always been nickel at Havieron but not enough to be economical.
It looks like drill 104 has found, people have reported seeing it in the cores I believe.
There’s some assays still not reported but it maybe on the end of 104 down deep.
Cobalt is also throughout Havieron and it’s easier to retrieve from nickel sulphides than copper, so I’m hoping we have nickel and cobalt but I have no idea of the size yet but it’s going to be deep.

The other nickel we have is at Panorama overlapping Thor mining’s boundaries, also a long target at Bromus is mainly Nickel.
There is probably some at Ernest Giles from the MMI survey but we haven’t retained Carnegie which is in the centre of the arc, this was classed as a nickel target I’ve no idea why we didn’t apply for it again.

The answer to your question I don’t think anyone is in the know of how much nickel we may have.

Where have you found that price?
LME and trading economics still under $30,000

The variable rates are cheaper than the fixed at moment, they’re expecting heavy increases though.
I’ve fixed till June 23, expect I will get a big bill then

HK markets open oil up 10%
Gold $1984

Hi Mk
To be honest I’m paying £61 for gas and electric so I doubt if she was underpaying £60 just for gas.

Hi Sojourner
My neighbour told me today her fixed price gas contract runs out at the end of this month and they want £199 per month to fix it for 12 months from £60.
Think we are all in for a shock.

Telfer was declared a Tier 2 mine in 2017, to keep it as a Tier 2 it has been almalgated with Havieron this was always on the cards.
Telfer was downgraded at some point from a Tier 1 mine coming to the end of its life.
It was expected to be depleted by 2023 but with the increase in gold prices the life of mine has been extended by weak grade ore becoming economical to mine.
When Havieron is fully producing 300k oz per year it will be classed as a Tier 1 but still linked to Telfer.
There is the possibility though of going one step higher to a World class mine but depends on the bulk mining method and how much it can produce.

It’s just not the size, it’s the shape , high grades, mineral content, less dilution and depths as well

The drilling at the moment is all deep long holes, so we can’t expect too many drills.
These long drills can take ages, just take a look at drill 104 .
HAD103 and 105 were reported in Jan 21 so they started in late 2020
104 must have been started at roughly the same time, so that’s over a year to be reported and still some are in assays.
40,000m of drilling 2,000m each that’s only 20 drills left.
Hopefully Meco might be started, but I’m expecting the SE deeps to be hit and maybe some under the northern corridor maybe hit.
The high grade around 104 and 90 might become a target but the depth is an issue.
If they find anything at Zipa then this may carry on after June but expect exploration to tail off if they have enough information for the Feasibility Study.

The next stages will be:-
Feasibility Study
Decision to mine
Approvals to mine
Complete exploration decline
Start mining infrastructure.

Some exploration may occur from deeper down within the Decline but areas from there are limited, I would expect the Eastern breccia and northern pod to be targeted from the Decline.
Would save loads on costs.

Hi Ben
I retired ages ago on my TW shares, I shall be a bit lost if Ggp get taken out,
It’s been the best share for me, I thought the Sound Energy ride was excellent with shareholders able to go to there office and sit down with the CEO for a coffee in his office, shame that went ponto.
2 years ago Paddy and another were disagreeing whether this was an 80m ton mine, now 2 years on it will probably be over 10 times larger and likely to get much bigger :)))))

Besides the fact that the rising copper and gold prices have a major impact on the amount of revenues there are hidden impacts to the volume of ore retrieveable without the necessary expansion of the boundaries.

The Kriging boundaries within the orebody have hard and soft economic boundaries.
Some of the shells within these boundaries are classed as uneconomic and these percentages can be seen on page 32
https://greatlandgold.com/wp-content/uploads/2022/03/20220303_GGP_Hav_Resource_Reserve_Update-with-images.pdf.
This table shows the % of the tonnages and NSR shells below the economic cut off values in the 3 zones
Crescent
Eastern breccia
Havieron breccia
These NSR shells are based on mineral prices a lot lower than actual mineral prices to cater for costs, which is why the percentages look high.
The spike in prices will increase the economic viability of these shells, increasing the tonnages of weaker grades that can now be economically processed.
The higher the price the more the volumes will continue to increase