Member Info for Bamps21

Hi Ginger Bear
Be wary of investing in the Cornwall mines, it may be a good scheme, it’s a struggle in this country for small investors to make money in projects like this

Hi WF
Are we not on a war footing against global warming and the world is just waking up to it.
The amount of tailings, waste mine heaps could play an important role.
Someone mentioned JLP they are not tackling tailings lakes at the moment but the waste dumps that litter South Africa, Zambia and now Cyprus.
I have a photo of a friend building an office block in Johannesburg 50 years ago and in the background was a gold dump
With Biden pumping money into mineral resources what do you think the Dow Jones commodity sector will do?

What is Scandium ($2,000/kg)
“
https://www.google.co.uk/amp/s/investorintel.com/markets/technology-metals/technology-metals-intel/scandium-could-be-next-following-the-meteoric-rise-of-palladium-and-rhodium/%3famp=1

I’m still surprised no one has commented on this chart I posted last night
It’s about commodity prices/ Dow Jones on it you can see where the graph is now at rock bottom.
Lowest it’s been in a century.
We are in for one hell of a ride :))

https://www.mining.com/wp-content/uploads/2021/08/120-year-chart-shows-commodities-have-never-been-this-undervalued.jpg

Link
https://www.lse.co.uk/news/rpt-column-us-infrastructure-bill-targets-critical-minerals-supply-andy-home-iukl2us99lyciev.html

Is this something NCM should be doing with their tailings while the mine is running down.
“ Mine economics are often determined by a primary host
mineral. Some by-products such as gold are valuable and worth
processing. Many, though, end up in the tailings.

Companies such as Rio Tinto are now going back to
re-examine what they've been throwing away. In the case of the
company's Canadian titanium business, they found scandium,
designated a critical mineral by both the United States and
Europe.

A relatively modest $6 million investment will produce three
tonnes per year of scandium oxide - around 20% of the global
market - without the need for any additional mining.

This trend towards "whole-concept" or "total mining" is
picked up in the infrastructure bill.

The USGS is tasked with completing within 10 years a
comprehensive survey of national minerals resources, "using a
whole ore body approach rather than a single commodity approach,
to emphasize all of the recoverable critical minerals in a given
surface or subsurface deposit".

Recovery rates of all metals has been historically poor at Telfer, I remember Jim06 telling us mistakes has sent huge amounts of gold and copper to the tailings lake.
If you haven’t seen how big this lake is look on google earth and search Telfer, you can see it from way up high
I will have to find the link for that report

https://www.mining.com/wp-content/uploads/2021/08/120-year-chart-shows-commodities-have-never-been-this-undervalued.jpg

Hi Timber trader
I’m surprised no one has mentioned that chart on the bottom on your link.
Best to check it out :))

Hi zoros
That’s the ore from the new Telfer zone , it’s says upto 2 years production from there but they are sort of scraping the barrel.

This quote really sums up how weak Telfer grades have become :-
“Increase at Telfer of 1.8 million ounces of gold due to the inclusion of the Initial Havieron Inferred Mineral Resource (~1.35 million ounces of gold reflecting Newcrest’s 40% equity interest) and an increase at the West Dome open pit and Telfer underground due to updated metal prices, exchange rates, cost assumptions, resource models and the re-optimisation of the West Dome open pit and Main Dome Underground resources”

The increase in Telfer resources of 450,000 oz is mainly due the grades becoming economically viable by rising prices, suggesting they have been under the cut off level before the rise.

I have my doubts that there will be much ore left before the Havieron sub level caving starts production.
Any mixing of ores will be from the Havieron stoping operations near the top and these aren’t as high grades as in the sub level caving. Telfer ore will be almost exhausted by that point.

I’m hoping if they need to mix low grade ores that they start an open pit at Saddlereef and use the ore from there it looks <1g/t

I knew I saw an increase in the MRE formula
assumptions.
Where appropriate, Mineral Resources are also spatially constrained within notional mining
volumes based on metal prices of US$1,400/oz for gold and US$4.00/lb for copper. This approach is adopted to eliminate mineralisation that does not have reasonable prospects of eventual economic extraction from Mineral Resource estimates.

https://www.newcrest.com/sites/default/files/2021-02/210211_Newcrest%20Resources%20and%20Reserves%20Statement.pdf

The Group Inferred Mineral Resources as at 31 December 2020 includes the following changes as compared to 31 December 2019:
Increase at Telfer of 1.8 million ounces of gold due to the inclusion of the Initial Havieron Inferred Mineral Resource (~1.35 million ounces of gold reflecting Newcrest’s 40% equity interest) and an increase at the West Dome open pit and Telfer underground due to updated metal prices, exchange rates, cost assumptions, resource models and the re-optimisation of the West Dome open pit and Main Dome Underground resources

There’s an increase in Telfer mineral resources of 1.35m oz which is their 40% of Havieron, that leaves a 450,000 oz increase last December.
They are producing 25-30,000 oz per month , so 8 months ago that’s c240,000 oz. By next Summer there won’t be a lot left apart from what they’ve announced today.

Hi notrader
He’s still on but one thread went completely

Hi Tom
I thought you had most of yours in an ISA you won’t see your name if they are.
Bloomberg charge a fortune to see their terminal, I doubt if people would post the link
HL and Interactive are the top 2 that’s us lot.
Send your email to Zoros or Bottle I’m sure they would pass it on to me.
You can also join Telegram but I haven’t yet.
How about this for a car
https://robbreport.com/motors/cars/hyperion-xp-1-hydrogen-powered-ev-supercar-2941564/

I wonder how long it will be before hydrogen trucks are being used at Havieron
https://www.h2-view.com/story/hydrogen-in-heavy-trucking-developments-in-oceania/

We need 2 members to sit on the 5 man Havieron joint venture committee .
Otto will definitely be one, would it possibly be Callum for the other position , I’m not sure on that, possibility of another appointment coming

They can drill the pilot hole , construct the base and wait for it to cure before the Decline gets there but they can’t do the raise bore without the Decline.
They will need to do the 2 shafts fairly quickly to aid with ventilation/ extraction.
The 1.2m escape shaft may have a temporary smaller fan installed prior to the main fan coming into operation

Hi Lenz
They are raised boring I thought they would be doing top down due to the water conditions.
The foundation’s are going to be used for the fan as well
https://www.greenegroup.co.za/foundations-for-surface-mine-ventilation-fans/

Hi Strudel
The raised boring machine needs a large reinforced concrete base to sit on before they can start cutting from below. This base needs to be founded on the rock which is the reason for the excavation so it may be fairly deep in this position.
The pilot hole may already have been drilled.

Hi Strudel
The vent shafts are 2 dots inside the wishbone shaped sand dunes NE of the box cut.
Any new excavation will show up white because of the salt in the rocks, we are expecting a fairly large excavation.
Starting this before December will tell us how far advanced the project is.

Hi Strudel
Is there anything happening around the vent shafts?