Member Info for Bamps21

Hi Tig
What a wonderful post, I am really embarrassed now :))
I don’t put in as much work though as Bottle Rocket he works so hard administering his Telegram group, GGPHELPDESK, Brew with Bottle podcasts, results night .
Without him just wouldn’t be the same.

Not with me around :))

The thread went must have been 00 and a quarter

I copied my reply to rbrand
“ rbrand you’re painting a picture of me that is completely false.
A lot of people here know me personally and have had the pleasure of meeting some really nice people.
Although invested in early I didn’t start posting here till early last year and that was only briefly.
Tiggerman was very upset that I wasn’t named on a plate he had made with everyone’s name on it.
At the time I was in Cerp well engrossed with it until the merger with BPC came. I smelt disaster and I sold and took a hefty loss. Only a few came with me the rest suckered by a BPC poster who convinced them to stay, they now are all sat on big losses.
I won’t let that happen again.!
I am retired my kids are all set up , I haven’t got any worries about pensions SIPP mortgage.
This is my hobby , I’m not paid by anyone I just like researching a lot and finding out new things.
Putting my knowledge on here helps me to keep a library of notes that I can look at.
With Cerp I had 10 years of notes in a file, all went in the compost.
Your dirty tricks accusations / theories I’m afraid you need to look elsewhere I am one of my own.”

Hi Canary3
I’m hoping the 4 drills will be with us on Wednesday plus the other 12 plus any others they’ve managed to get from the labs
I’ve done some sketches showing these drills but they don’t stick out as far as they’ve drawn them, I’m quite enthusiastic about them

Hi LuxP
You probably won’t want to hear my thoughts on EUA I’m not keen at all. I will leave it there as I know there are a lot of people who do like it.
Good luck with it.

I always remember my first conversation with Tom-t-bomb about how the area of an ovoid is calculated.
For it to make much difference both the X &Y axis have get bigger unless one axis increases a lot.
This was when official reports were still talking of a crescent or a reef.
My assumptions for it to turn out to be an ovoid came to fruition.
When you look at the last results they show the lower ovoid shape and there are 4 drills poking out , when scaling these stick outs they are over 100m.
This would take the tonnage over 1bn, it’s possible this will happen.

Forget the MRE figures with the PFS although it will be great to have an Indicated resource estimate (see another calculated guess) the Inferred one in December is likely to be big.

Changed the header :))
I don’t filter that many, I do read most posts thanks for everyone’s support.
I don’t mind people having different views and I do take them in.
I’ve always been able to talk to anybody from cleaners through to directors, here is no different I’m quite happy to converse with geologists, chemists , miners.
At a meeting once in the head office the director asked everyone to introduce themselves, so they all stood up one by one until it got to me “ well we all know who you are” :))

CRex has worked himself into a corner with Tymers :)) both have the same stance but at least Tymers has made assumptions to get to his 88p.

Whatever happens if there’s a buyout (my biggest concern) would people sell out at 88p well yes probably especially posters that are currently sitting on a loss. Institutions will be buying at that price.
I haven’t set myself a target but from my initial buy in of 0.6p the first rise to 16p was unbelievable.
The same % rise from 16p would give £4.32 is that possible well maybe.
I have a few Croda shares bought at £1.40 I’m just astonished over £92, anything is possible here.
It looks to me that they will be concentrating on Saddlereef, I’ve been saying this for sometime ripe for open pit. Just right time to keep Telfer lights on before the Havieron ore comes through.
Goliath is so big it will take a lot of drilling to prove anything but what a great result to hit gold first time, that dispels fears of being just granite. What we need to know now is concerns over depth is it too deep, I’m not sure of that i believe they’ve not hit the centre but the side.
If Goliath hits £4 might be cheap but who knows.
You must have seen my calcs yesterday the 2m tons pa would give revenues of £30m per year just for the copper. Now I’m hearing but what about taxes, loans, capex that’s just for the copper, the gold pays for all those sorts of things.
How many companies are you invested in has that sort of income from one source?

Don’t take my word for anything follow up with what I’m on about with some of your own research

Hi CRex
I personally care if others here make a loss I know how it feels, if there are negatives with this share I shall certainly say so. One negative I have is that the figures given have so far conservatively been low.
You personally are making a mistake by relying on figures that are nearly 10 months old and inferred figures at that.
When you are making a point to me on a drill make sure you know what it’s about ie drill 138 that you mentioned has only had the first part of the drill reported. If you take time to study it you will see there is a long length not reported yet.
That is sat mainly outside of the top ovoid over the top of the Eastern Breccia, there can only be one answer for that which I’ve already explained.
If you have questions which many on here do I’m more than willing to answer if I can

“ On the assumption that there are 2 ovoids ”
Well the top ovoid exists, we know the sizes, a question remains how deep is it.
From references to drill results I have studied this top ovoid widens out at around 900m so from studying log results the top ovoid is 900m or thereabouts. It’s not going to change much unless on Wednesday night drill 138 confirms that the Eastern Breccia is higher than that 900m reducing the height of the top oval.

The lower ovoid has been my assumption now for over 6 months and April and June’s presentations has proven this existence
https://greatlandgold.com/wp-content/uploads/2021/07/GGP-Corporate-Presentation-July.pdf
Page 8 plan

There are 4 drills in pending for Wednesday night that will probably increase this oval size.
My assumptions of this bottom ovoids dimensions could be bigger than I thought.

“If the top ovoid increases” that wasn’t referring to the size but the grades.
There have been some phenomenal drill results coming in lower down around 800m way below the MRE figures.
These are going to have an uplifting effect on the average grades.
When the Northwestern end has had sketchy drilling there’s no way the company or anyone else could put a definitive figure for average grades.
The way the grades are increasing though in the centre Northern corridor there’s a good chance the average will increase.

“If eventually the ore reaches “ 2,300m.
Of course this is an unknown but this is a magma intrusion where do you think it comes from, of course it’s going to be deeper. From all the geologists about they’re all expecting the grades to improve the further down it goes.
Will and can the company go that deep, how can I tell you that, all I know is that other mines in Australia can and are going for that depth.
Deeper than that with bulk mining I’ve been told is stretching it.

An exploration company is built on educated assumptions with plenty of ifs and buts, they use a lot of sophisticated technology to affirm they’re assumptions but the drill does the talking in the end.

Trouble is CRex
There were investors here 15-18 months pouring scorn on our 5-6m guesses no doubt you would have been one.
I’m afraid mine and a few others guesstimates have been proved fairly accurate.
I am quite content for you to feel comfortable with your 4.2m equivalent but I am more interested in getting 2m tons per year out rising to 6-8m in a few years .
This is a monster not an ordinary size mine of 4m oz with 5-7 years life , this has 30 years life in it why do you think NCM are so keen to throw money at it.
I am content with mine and others estimates please don’t pour scorn over something you have no knowledge of. I’m beginning to believe you are invested in a share that you really don’t understand.
Last on this subject for me.

My calcs for the benefit of CRex
On the assumption that there are 2 ovoids the smaller one on top
Surface area = 176,000sqm
Depth 900m
Specific gravity conservative 2.7
A low 0.55g/t (from the average oz/m figures)
=7.65m oz

Bottom ovoid
325,000sq m
Depth 400m
SG 2.7
Grade 0.55
= 6.02m oz
Total 13.77m oz

Using a higher sg of 3 to cater for the higher sulphides
Using a 0.75g/t average I worked out 9 months ago
Then the 2 ovoids = 20.8m oz

The way the grades are increasing below 900m of ore the bottom ovoid using 1g/t = 15.5m oz
Total 24m oz

If the top ovoid also increases to 1 g/t which could be possible the way the sulphides are increasing with depth the total would be 28m oz

If eventually the ore reaches 2,300 below surface an extra 600m would be added @1g/t
= 18.8m

Do you wait to put your toe in?
Would you accept £1 per share or less in a buy out?
I’m not sure I would :))
But only my personal view, do your own calculations and see what you come up with.
It’s very difficult to keep below 10m.
Don’t expect the coming MRE to be much different to the last it’s a totally different scenario and Indicated not Inferred, it has more weight in the markets.

The Corescan details came from the PHD advert yesterday

“The candidate will have full access to the extensive Havieron drill core library, along with state-of-the-art high-resolution spectroscopy data (Corescan) and a limited volume of core-based (TruScan) microbeam pXRF data, along with high resolution photography and multi-acid geochemistry on all core samples. “
No mention of it though in the drilling report appendices

Corescan
This is one of the instruments they’re using wow
https://corescan.com.au/

Yes take a look very well broken down
https://www.newcrest.com/sites/default/files/2021-07/210722_Newcrest%20June%202021%20Quarterly%20Report.pdf

Should have said Telfer underground 543,000t
Havieron figures relating to that.

Within the concentrate are other ores for credits and debits

Those copper concentrate figures relating to Havieron first ore
2,000,000 tons per annum @ 0.6%
=109,200 tons of copper concentrate
= 10,920 tons of copper metal produced
X $9744 = $106,404,480 revenue
Ggp 30% = $ 31,921,344 pa

Just taking a quick look through the last results and came across a few interesting things
AISC and head grades
Cadia 0.92 g/t 0.4% copper minus $377 AISC
Telfer 0.87 g/t 0.13% copper $1203 AISC
Lihir 2.45g/t nil copper $1481 AISC
Red Chris 0.35g/t 0.4% copper $651 AISC

Realised gold price in June quarter $1780
Realised copper price $4.42 /lb or $9744/t

copper concentrate
Total ore tonnage underground 543,000 t
0.30%
91% recovery rate
17,644 tons produced
1,763 tons metal produced

Hi CRex
My curve though is way bigger than yours :))
Glad you are happy with it though I know I am with mine

Hi CRex
I don’t take anything personally but the way you are thinking at the moment you will always be behind the curve on this one.
It’s been described as a once in a generation find maybe 2 generations.
The Lasonde curve is not going to be the same for this share, it’s writing it’s own.

If the size of the Eastern Breccia increases next week which is looking likely it will add millions more to the tonnage, it’s deep though so with only a few drills it’s still very sketchy, one result in that zone of 342m at 2g/t is phenomenal result in that zone.
Rick Rule has said a length shorter than that with those grades is a mine on its own

Hi notrader
Just to add the current valuation is now 9 months out of date, we’ve had thousands upon thousands of drill cores pulled out of the ground since then.
Does this mean the sp is 9 months out of date? Maybe not but as soon as we get another valuation that will be outdated very quickly