Member Info for Bamps21

Hi notrader
The brokers target after the MMRE did not assume a higher volume it wasn’t mentioned till after the PFS, the fall from 33p was caused by the mining change down to a new target down to 25p. Anything lower has been caused by consistent selling and gold/miners out of favour, I don’t believe true value is 15p once the selling stops it should rise.
Pressure of ore prices, the continued infrastructure progression, other targets on Havieron, increased volumes , increased grades and that’s the 12 months just gone besides the 12 months to come.

Hi Zoros
I’m not following your logic
We had a broker target of 33p 50% derisked after the MMRE.
With the ever increasing exploration found the Dyke was inclined steeper than thought shelving the plans for sub level caving operation to the east of the Dyke.
The mining plan changed at the PFS to a stoping operation with costly backfilling.
This resulted in a reduction of the brokers target to around the 25p level.
The 10m oz was discussed after the PFS not before.
Are you suggesting that the broker targets should have fallen to 15p?
To me it just doesn’t stack up, the change in mining plan would not have caused that sort of drop.
The open stoping is aimed at picking out the high grade ore first increasing early revenues dramatically far more than the sub level caving would have.
To me your 15p is way too low

I started this but didn’t get a chance to finish it:-

Had58CW1
From the SW through the top of the ore at the SE crescent and on through the centre to the far side.
1325.6m long or 852m horizontal length, note the blue line on the plan is shown too long it doesn’t protrude from the ore body.
Total depth is 1015m -420m if cover =595m of ore so is not deep
It may be targeting the top of the high grade pockets in the central corridor, should indicate the low grade breccia at the top.

HAD61W3
No significant assays
Started from the NE targeting the SE crescent
Didn’t get through the cover must have had a drill issue

HAD84W3
Started in the west targeting the top area of the northern pod and east side
Total depth 1135m or 715m of ore
Should indicate the limits of the calcite breccia and alteration at these levels

HAD65W3
Hole abandoned
Length 1267m
Horizontal length 575m
Looks like it was using 65W2 hole and an issue with leaving that drill run into W3

HAD65W4
Another attempt at W3
Started from the NW in either hole W1or2 and then carrying on through the centre , through the Dyke and out through the Se crescent
1534.2m long or 696m horizontal
1,344m deep or 924m of ore
At this position the Dyke should at the ore perimeter

HAD86W2
A long drill 1629.6m long or 689m horizontal
Total depth 1477m or 1057m of ore into the centre of the crescent, should indicate where the Dyke is lower down

HAD86W3
The first section of this intercept is still in assay 991m to 1331m
Depth 898 -1205m or 478-785 of ore
Horizontal 418-562
According to the pad position this drill intercept should not be in the ore body.
Confusing!

HAD86W4
A very long drill maybe our deepest
1550-2115.3m long still in assay
Vertical depth 1404-1917m
Less cover 984-1497m
Horizontal length 695-894m
Shown ending outside the ore body but the horizontal length indicates it within the orebody
This is targeting the SE deeps around 500m lower than the previously reported intercept

HAD133W6
Targeting the centre of the SE crescent vertical depth 1485 (1065m of ore)
Below the MRE zone hitting a blob/ bulge in the sulphides

HAD141W1
Targeting the Eastern breccia above the HAD141 drill

HAD146 and W1
A drill and a wedge 2 short holes targeting the northern edge of the main ore body.
Testing the top 5-600m zone

NOR1
First drill testing Havieron North
Suggested intrusive magnetic source
Drilled at 70 degrees eastwards
Total length 1248m
Vertical length 1173m
Horizontal distance 427m

ZIPO01
First drill testing Zipa on a gravity ridge approx 500m wide
Drilled at 70 degrees NE
Total length 900.8
Vertical depth 846m
Horizontal length 308m

This is a summary of the deepest drills at Havieron

HAD86W4
SE Deeps
Drill length 2115.3m
Vertical depth 1917m

HAD84W1
Eastern breccia
Drill length 1983.5
Vertical length 1797m

HAD84W2
Eastern breccia
Drill length 1914.2
Vertical depth 1735m

HAD090W1
Eastern extension
Drill length 2041.2
Vertical length 1850m

HAD141
Eastern breccia
Drill length 2036.2m
Vertical length 1845m

HAD141W1
Eastern breccia
Drill length 1985.9m
Vertical length 1800m

To get ore depths 420m of cover need deducting from the vertical depth

Bear in mind the Eastern breccia don’t start until 1350m deep down these deep drills are only 100-150m into the ore

Benchmark nickel futures on the London Metal Exchanged traded above $22,000 a tonne in January, the highest since August 2011, amid rising demand and low inventories. On-warrant nickel stocks were at their lowest since December 2019 at 48,846 tonnes and nickel stocks in Shanghai Futures Exchange warehouses are close to record lows at 4,859 tonnes, Reuters reported. Meanwhile, prospects that economic growth in China will pick up amid further stimulus, bets of rising sales for electronic vehicles and firm demand from battery sector also supported the nickel market.

A quick review
Nickel price shot up overnight $1041 to $23,484 pt

Tin shot up $992 to $42,292 pt

Hi Mr MJibberish
I have no opinion on the 5% except that 50m is too low and so is 100 and so is 200 but what does it matter what I think, it’s coming no matter what any of us think.
The assets are still there.
you will have to do better than that to discredit me, but most people have green binned you so they’re not listening

Immaterial whatever price I suggested but NCM work on a discounted price to whatever price the gold is.
This has an implication for us as can be seen in the PFS when they were quoting $1500 and Ggp $1750.
When they’re results came out , profits were way over forecasts as they were using around the 1250 price.
Using a formula based on Telfers performance in previous years.
This has also has an implication of the equivalent factor price , not using current figures distorts the gold per ounce equivalent downwards.
In the first MRE the 4.2m oz eq should have been upped to 4.3m eq soon after publication .

Whatever I quoted is not important what is important to note from my Asset post is that our basket of mineral assets outside Havieron have not gained a monetary increase but the individual constituents have had a phenomenal rise in the passed 12 months or so.

Try trading economics
NCM we’re basing their assumptions from this price range all year till the PFS

AssetsToday 15:56
Assets over the last 12 months
Havieron:-
Gold has risen from c$1200 to c$1830 per oz today
Copper has risen from c$2.7 to c$4.45 per lb today
Other minerals not confirmed yet cobalt and nickel

Goliath
Gold small section found so far after 2 drills
Tin in MMI results has risen dramatically over the last 12 months from c$21,500pt - $41,300 today

Outamind
Gold

Blackhills
Gold various amounts all over the licence
Copper small amounts on Saddlereef South
Silver on Saddlereef South
Silver price has fallen in 12 months from c$27 to c$24

Ernest Giles
Gold
Nickel has risen sharply in 12 months c$1600 to $2243 today

Bromus
Gold
Nickel

Panorama
Gold
Nickel
Cobalt has risen sharply in the last 12 months from around $37,000pt to $70,500

Warrantina
Gold

Firetower
Gold

Firetower west
Copper
Silver

Firetower East
Zinc risen from c$2,600pt to $3600pt
Silver

Scallywag waiting assays

How can the value of our other assets remain the same over the 12 months beats me ????

Hi mumbo jibberish or whatever
Try doing some decent research and then come back and spout off
You are posting some rubbish

Assets over the last 12 months
Havieron:-
Gold has risen from c$1200 to c$1830 per oz today
Copper has risen from c$2.7 to c$4.45 per lb today
Other minerals not confirmed yet cobalt and nickel

Goliath
Gold small section found so far after 2 drills
Tin in MMI results has risen dramatically over the last 12 months from c$21,500pt - $41,300 today

Outamind
Gold

Blackhills
Gold various amounts all over the licence
Copper small amounts on Saddlereef South
Silver on Saddlereef South
Silver price has fallen in 12 months from c$27 to c$24

Ernest Giles
Gold
Nickel has risen sharply in 12 months c$1600 to $2243 today

Bromus
Gold
Nickel

Panorama
Gold
Nickel
Cobalt has risen sharply in the last 12 months from around $37,000pt to $70,500

Warrantina
Gold

Firetower
Gold

Firetower west
Copper
Silver

Firetower East
Zinc risen from c$2,600pt to $3600pt
Silver

Scallywag waiting assays

How can the value of our other assets remain the same over the 12 months beats me ????

SXX were never going to be able to do that mine alone I sold at a profit during the planning meeting when I saw the light.
Greatland would never been able to do this mine on their own, 25% of a mine is far better than 100% of failure

Copper price when HAD5 was drilled was bouncing around $2.50 per lb today it’s $4.43 that’s nearly doubled in price
Old saying gold pays for everything ,
Copper is the profit
Possibly 2m tons at Havieron @$10,000 per ton is $20,000,000,000
25% is $5,000,000,000

Gold price 12 months ago was trading around today’s price of $1814 for a couple of weeks before it dropped to the $1700s.
It’s actually trading 7% up on those figures not like someone on here trying to twist the truth.

From the heady days of HAD 5 gold price was hovering around the $1200 so it’s 50% higher now.
Newcrest thought then that Havieron was economical even with those low prices.

HAD86W4
1,497m vertical depth of ore

That should be enough to make the doomsayers start sweating
That’s 500m below the last reported SE Deeps depth and 300m deeper than the whole ore body reported depth .

Results pending from last results due next week

Had58CW1
From the SW through the top of the ore at the SE crescent and on through the centre to the far side.
1325.6m long or 852m horizontal length, note the blue line on the plan is shown too long it doesn’t protrude from the ore body.
Total depth is 1015m -420m if cover =595m of ore so is not deep
It may be targeting the top of the high grade pockets in the central corridor, should indicate the low grade breccia at the top.

HAD61W3
No significant assays
Started from the NE targeting the SE crescent
Didn’t get through the cover must have had a drill issue

HAD84W3
Started in the west targeting the top area of the northern pod and east side
Total depth 1135m or 715m of ore
Should indicate the limits of the calcite breccia and alteration at these levels

HAD65W3
Hole abandoned
Length 1267m
Horizontal length 575m
Looks like it was using 65W2 hole and an issue with leaving that drill run into W3

HAD65W4
Another attempt at W3
Started from the NW in either hole W1or2 and then carrying on through the centre , through the Dyke and out through the Se crescent
1534.2m long or 696m horizontal
1,344m deep or 924m of ore
At this position the Dyke should at the ore perimeter

HAD86W2
A long drill 1629.6m long or 689m horizontal
Total depth 1477m or 1057m of ore into the centre of the crescent, should indicate where the Dyke is lower down

HAD86W3
The first section of this intercept is still in assay 991m to 1331m
Depth 898 -1205m or 478-785 of ore
Horizontal 418-562
According to the pad position this drill intercept should not be in the ore body.
Confusing!

HAD86W4
A very long drill maybe our deepest
1550-2115.3m long still in assay
Vertical depth 1404-1917m
Less cover 984-1497m
Horizontal length 695-894m
Shown ending outside the ore body but the horizontal length indicates it within the orebody
This is targeting the SE deeps around 500m lower than the previously reported intercept

6 more to come

Sharky I can guess you are aiming your insults in my direction, I don’t care for nearology, if Apollo comes good then fair play to Artemis but the indications are that this anomaly is more in Havieron and Scallywag than in Artemis.
Nimitz is too deep and maybe the Enterprise targets to.
As far as Antipa is concerned I haven’t seen a Tier 1 prospect yet.
Nearology is something I don’t follow, I look for geology information

Apollo drill 6 went to 620m
Zipa 01 went to 900m
Nor 01 went to 1200m
Apollo drill 07 went to 800m which Artemis want to go deeper

No really deep drills yet that will happen if further modelling finds it worthwhile

Hi Redtrader
Not Zipa still in assay but I still think that one headed towards Havieron North anyway.
Apollo 1 pad drill cores sent for assay from same geological ridge as Zipa /Scallywag are encouraging