Member Info for Bamps21

Hi Tiburn
LK had stated they knew how to overcome the issues they had encountered in S1, so obviously would have been passed on to CEG.
The first layer tested in the MC had a very high water cut in S1 of 90/95%. The pockets aren’t horizontal they are rising so drilling through a few of these with one well you are not likely to find the sweet spot on each one.
LK had plans of drilling 65 wells to pick up these pockets.
I still maintain they should have drilled these cheaper wells first to get some cash in and hopefully will before they drill S3 when bigger payments to the Singh estates start.

Saffron 1 was drilled knowing there were 3 zones of interest the Upper , Middle Cruse and the Lower Cruse. There were 5 or 6 pockets of oil bearing sands in the top 2 and 3 in the Lower Cruse.
It was expected to take 45 days but the number of sand pockets slowed the drilling due to the logging of these.
A hard horizon was expected at the top of the Lower Cruse this caused major problems as it was in fact a volcanic mud/shale layer. There was no suitable drilling mud on Trinidad at the time apparently which stopped operations. A thick drilling mud was used to counteract the pressures of that layer.
You can see these volcanic muds coming out of the ground at Galpo just to the SW of Bonasse.
When total depth had been reached cleaning out the drilling muds was carried out to enable logging to take place. The cleaning out was unsuccessful due to the heavy drilling mud used so logging of the LC was inconclusive.

There was about 900’ of gross pay in about 6 pockets but the net pay was about 200’ due to amount of water in each pocket. I haven’t seen this mentioned in S2 yet but it is a problem in the Upper and Middle Cruse.
Interesting to find out what they will find in the 2 layers of the LC, obviously not going deeper for the third lower zone there must be insufficient detail to warrant going deeper.

Hi Ben
Hope you doing ok
I’m not a fan of these 3 storey homes on green field sites, inner cities yes but not in the country.
I’ve seen some dreadful designs recently

I’m not really bothered about what anybody says about my posts, I am who I am, one of a kind.

“I never know what’s going to come out of my mouth, but I get very excited when I learn what has come out. “ Bamps 21 paragraph 68

I don’t need to justify my calculations to anyone.
I lay out the facts and the way I’ve gone through the steps.
It’s obvious to me that some posters would eventually give me abuse for doing so.
I don’t have to do it and I might keep them to myself in future.

Points re Broker valuations
Hannam note is 5 months out of date so not really relevant to the new information we have
Canacord modelling appears to be using a rule of thumb technique which there are a few different ways of valuing a mines volume.
I don’t listen to anyone, I don’t have clients money to look after, I just look at facts and figures.

Hannam first note the volumes were way higher than mine and I did get some stick but they used grades that were way to high at the time and they had to retract them. My figures were a lot closer than there’s.
Canacord have not used forward assumptions on the bottom ovoid which have been published.

My calculations may be not be accurate but they appear to get closer to reality than others.

Which other miners board has anyone producing their own detailed calculations, not many.

At least I know the difference between a strike length and a target!

Hi ProfQ
What I’m expecting at the vent hole site is a large hole in the ground down to the tillite level and a base for the raised borer to be sat on and bolted down.
Maybe a 20m deep hole similar to the box cut so quite a big structure for this 4.5m dia hole and also the 1.2m dia escape hole.
Waste from the hole will fill the trucks below and brought up through the Decline

Oops NE of the box cut

The MRE will have a material impact as it will be an indicated resource which is more definitive but you have to look at the PFS as a whole not just quantities.
The PFS is the initial plans on how they will be mining, firstly how they intend to get the sample loads out and secondly any future planning, maybe a second Decline or the first glimpses of plans for the SLC hugely important steps.
It also starts the approval process for mining.
Maybe time scales till sample loads or indeed the FS.

This is why I’ve been saying take your minds away from the exploration phase and concentrate on how they are going to retrieve first ore.
That means money in the bank.
Keep your eyes open for the vent starting, they can’t do that till the Decline passes that position but there is a lot of groundwork to do first.
It’s just to the NW of the box cut in the middle of those 2 dunes.
Exciting times :))

Hi Zoros, Bertiesboy
It’s very difficult to compare figures for valuations unless you are using calculations that are like for like.
H&P note is 5 months old and we have had a plethora of new information to through in the mix.
They are using 670 deep the latest published data is 1300m and according to the latest Ggp presentation the ore body size has grown and the ovoid between 900-1300 tonnage has practically doubled the size of the ore body from 570 to possible 940.

Now the k/oz vertical meter calculation is one of numerous “rule of thumb” ways of calculating an ore body. The first one to be used was Taylor’s, others included Singer and Long updated Taylor’s in 2009.
As I said they are rule of thumb ways of measuring an ore body not very accurate I may add but close.
Now Bamps rule is to try and measure as close as I can with up to date grades and try to get the volume as close as possible :))

Hi Strudel
Keep up will you :))

I’ve been asked a question on Atlantis and from the sparse information around vectors seems to be what to expect there.
The only thing to really keep in your head is that chloride movements in soil take with it copper not gold.
Atlantis seems to be copper orientated
ATB:))

Oops “indicated “

MRE Inferred quantities 161,000 ton of copper.
Copper had a high of around $10,700 recently
= $1.7bn
1,700,000,000 x30%= $510m
or around 8.5p per share

This time last year the copper price was around the $5k mark

This time last year copper concentrate was fetching around $4,000pt
so now must be around $8,000pt or more.

MRE gold equivalent =4.2m oz
That works out c44.5p per share

Separately Gold of 3.4m oz = 47.5p per share
and copper 8.5p = c56p per share
Inferred resources can’t be included to the accounts

That's assets without deducting liabilities.
The Feasibility Study or Decision to Mine is also the bankable study.
The Decision to mine looks odds on.
The share price has to catch up with this MRE at some point so what is going to happen when the MRE Inducared resources are increased and assets can be included to the accounts.

Exciting times ahead :))

The newsflow has been a bit slow this last 6 months.

65,000m of drilling planned before end June.
5 fantastic results nights from NCM
A maiden resource issued
A new mining CEO
Scallywag results with multiple new targets
A Juri Jv exploration campaign started - Goliath and Outamind drilled, now drilling Los Diablos.
A Scallywag exploration campaign announced
A new licence applied for Canning
Extension of Ernest Gile licences, strike lengths 2/3rd the length of the M25
Fantastic presentations from NCM and Ggp including increases of the size of the oval and depth.

2x Brew with Bottle to explain drill results and a third recorded on cutting room floor

Continued price growth of copper and gold
52 week high share price

Wasn't much then in those 6 months

To understand Atlantis you may need to see this lecture on YouTube

Chlorite vectors
Youtube presentation on Epidote and Chlorite vectoring. The new science to finding porphyry systems.
I found this paper to go with it
https://www.sciencedirect.com/science/article/pii/S037567421500014X

https://m.youtube.com/watch?v=_tV1FX347sA

Simply put Epidotes are silicates and chlorites are found in the peripherals of magmatic intrusions with sulphides.
They are effected by hydrothermal magmatic fluids and there cooling.
Copper concentrations tend to stay in the sulphides.
Titanium is a key vector as is strontium but they react differently with fluid cooling.
Ti moving away from a porphyry system decreases in quantity where as Sr increases

I haven't seen these 2 mentioned in the MMI surveys but they are trace elements

Atlantis has Chlorite formations.
Sounds like it’s on the edge of a magmatic system.
It has gneiss and granite layers with 2 thin breccia pipes running vertically through them.
There are high copper readings near the surface.
The cover sequence here is around the 100m depth

Ruddall

Some facts about the Rudall licence:-
It has one target at present found by historical surveys.
It is a bulls eye feature similar to Havieron.
It has similar rock formations to Blackhills.

It's unfortunate that they called the Rudall licence that name as it is confusing.
WF Rudall led an expedition to this area in 1896
Rudall is the name of an area and is one of 5 rectangular blocks of land. Paterson area is directly north of the Rudall area.
The Rudall licence which Ggp have is sited within the Paterson Area next to the Rudall Area border.
The Rudall river runs through the Rudall area and is a National Park.
The Rudall Complex is a geological zone which is within the Rudall area.
It’s a gold/copper prospective.
MMI surveys were due but it maybe drilled in this current round of drilling . It will probably be just rotary drilling so not so deep with bag samples and not cores.
I don't believe the Rudall licence will find much Uranium, the rock types are very similar to Blackhills.
The historical drilling at Havieron states there was no Uranium found in the cores, however it was found in the later MMI reports but none in the subsequent drilling reports.

Other posters come here saying other companies have big things coming but are they as big as these:-

Havieron:-
A multi speed development of a mine with a joint venture with a global mining company. A leading expert in underground bulk caving.
Gold resources could range eventually to between 12-28m oz plus major copper resources and also large credits from other minerals reducing AISC costs like cobalt resources.

Juri jv:-
Paterson Range East:-
Multiple gold / copper targets 12 known at present including the giant Goliath target a 15bn+ tons target that's 30 times more tonnage than Havieron being drilled at the moment.

Blackhills:-
At least 6 targets including Saddlereef (A29) 1400m long gold target one end poking out of the ground suitable for open pit. Gold, copper and silver target.
Also Parlay a bullseye feature on top of a main fault line. Due for drilling shortly.

Panorama:-
A very long Paleo-placer goldfield to the north
To the south a very large cobalt anomaly possibly the largest in Western Australia and possibly Australia.
Although cobalt is not a key mineral objective of the company it has huge potential to reduce costs.
Revisiting the data the company has found it to have Nickel mineralisation as well, a key commodity.

Scallywag 100% owned:-
At least 12 known targets the majority of which are sat near fault lines.
Under explored but drilling of Teach and Swan due this summer.

Rudall :- 100% owned
Bullseye feature under explored , drilling possible this drilling season.

Ernest Giles:- 100%
2 x 5m oz targets identified plus numerous 1m+ camps of gold deposits
Plus a large nickel target
Large licence which lapsed has been re acquired with an additional joining licence.
The length of Ernest Giles compares to around 2/3rds the length of the M25.

Bromus 100%:-
A mainly nickel discovery underexplored

Warrentina 100%:-
A 10km north to south licence with 4 goldfields and existing mines.
1m+ gold ounces identified
Ready to be divested.

Firetower:- 100% owned
5 exploration zones
1m+ gold ounces identified
another 1m possible
plus zinc

Canning
Tabletop 1 licence applied for

When you look at all that short term investment is not what this share is about.
The long term prospects look really promising
Gold 12-28m Havieron
12m+ E.G
1m+ Warrentina
1m+ Firetower

Plus copper plus cobalt plus nickel plus zinc.

This is a big company in the making !

hi Sab
Every time I put money into a lithium stock I’ve lost it. Kodal was pumped big time, I don’t look back it’s gone and forgotten.
I’m very happy with my Ggp holding and excitedly looking forward to the mining phase

Hi Sab
Greatland Board is highly rated by LSE.
We get so many other posters pushing other shares I don’t mind it personally if the poster gives enough worthwhile information to warrant a look.
Many come on here just to say their share is better than yours and it’s just an annoyance.
As I said I personally am not interested in Kod, it’s just not good enough for me.

Hi Sab
This is the Ggp board , it’s the one share that has made me comfortable with investing.
I’ve lost money with Kodal I don’t really want to know anymore about it, best forgotten.
Any questions please refer to the Kodal board

Hi Eastender
It was a brief encounter will chat a bit longer next time.
In my calcs I’ve taken $850 an ounce out for costs, but taxes and loan repayments is not my field. There may past losses to be taken into account to offset tax payments.
I hope you will all enjoy my latest Brew with Bottle I did have him laughing a lot.
It might take time putting it together with clips , it’s longer than the others and would have been longer as I was chatting away when his internet went down:))
I really enjoyed doing it, was a bit of a different slant this time

ATB:))