Member Info for Bamps21

Hi Paddy
There's been a lack of drills penetrating this NE perimeter.
There have been a few at the top c500 true depth increasing the size of the top ovoid.
I can't find any between 600-1300 and only a few deeper down and not really finding the edges.
My opinion on those 2 step outs is they are targeting this central perimeters and carrying on to the Northern breccias to form up the Indicated Resource in that area.
I don't believe the drills are far enough out to drill the Eastern breccias apart from the top of them.
To find out about the Eastern breccias will either come from the southwest side or from the NE. These will be long deep drills probably utilising existing drill collars.

I'm still expecting the Eastern breccias to expand to the SE to join that extension and Northwestwards to join up with the northern extension all deeper than 1300m true depth.
Will all end up being Inferred resources for the bulk mining but not yet.
These bottom depths will be drilled from inside the Decline, financially cheaper and more accurate with positions and downhole surveys
ATB:))

Hi Peter
If the gold results are :-
moderately low 0.2 g/t will blow the doors off
Average 0.4-0.5g/t will blow everybody's mind
Above average 0.75 + will pay the UK debt off with our taxes.

Only a bit of fun but the tonnages are very high so even the lowest of grades will be phenomenal

Will send you some of my scribbles
ATB:))

Hi Speedy
It's only if they hit something,
if they do hit though
on Havieron grades 0.75 g/t would equal
50m oz.

That's only the top magnetic protrusion down to 1200m true depth.
Below 1200 to 2200 is just mind blowing , the coincidence could be 7-10 x larger.

Everything crossed tight, ow

Great news that they are starting at Goliath first.
Let's hope they go as deep as they can straight away with RC first and then DD deeper into the centre of the magnetic anomaly.
My calcs for this anomaly to similar depths:-
Goliath :- 785,000 cubic metres
Havieron:- 176,000 cubic metres

Goliath:- tonnage 2.1bn tons
Havieron:- tonnage 484m tons

Will Goliath stop the shenanigans probably not but they are going to have to start paying.

Hi Davielad
I have that devious poster on filter it's much better than reading his rubbish no matter how many millions he's got

Red chris

Note that NI 43-101 reporting requirements do not allow for Inferred Mineral Resources to be added to other Mineral Resource categories. Therefore, Measured and Indicated Mineral Resources have been reported separately from Inferred Mineral Resources.
Measured and Indicated Mineral Resources
• 980Mt @ 0.41 g/t gold and 0.38% copper for 13Moz contained gold and 3.7Mt contained copper, including:

Mineral Resources that are not Ore Reserves do not have demonstrated economic viability. Due to lower certainty, the inclusion of Mineral Resources should not be regarded as a representation that such amounts can necessarily be totally
economically exploited, and investors are cautioned not to place undue reliance upon such figures.
Open Pit – 310Mt @ 0.28 g/t gold and 0.34% copper for 2.7Moz contained gold and 1.0Mt contained copper
Underground – 670Mt @ 0.46 g/t gold and 0.40% copper for 10Moz contained gold and 2.7Mt contained copper
Newcrest’s Measured and Indicated Mineral Resource estimate reflects its strategy of defining high value Mineral Resources
that will support the development of a high margin underground block cave at Red Chris.
Inferred Mineral Resources
• 190Mt @ 0.31 g/t gold and 0.30% copper for 1.9Moz contained gold and 0.57Mt contained copper, including: o
o
Open Pit – 11Mt @ 0.23 g/t gold and 0.27% copper for 0.084Moz contained gold and 0.031Mt contained copper
Underground – 180Mt @ 0.32 g/t gold and 0.30% copper for 1.8Moz contained gold and 0.54Mt contained copper
Newcrest’s Inferred Mineral Resource estimate reflects its focus of operating a higher value, smaller open pit and developing a larger underground mine. Growth drilling to further define Inferred Mineral Resources for bulk extractable underground mining options is currently underway. Newcrest expects to publish the results from these activities within its
upcoming exploration reports.

I would expect the Havieron Indicated Resource in the Autumn to have a lot less tonnage but the grades are far higher than Red chris
The Havieron potential growth prospects are enormous where Red chris will struggle to keep up.
There's only one Havieron:)))£))£)))

I don't see how the growth prospects of NCM can be categorised together

Cadia expansion zone is still going through regularity approvals and feasibility study to increase the size of the plant.

Havieron has only a small inferred MRE and can't be added to the accounts yet.
Brokers have already stated future volumes would give Ggp 30p so that puts a floor on GS valuation.
Havieron has the largest growth potential.

Red Chris is already a production mine so that part can't be included into growth and their growth prospect has already had resource estimates way ahead of Havieron.

Wolfi-gopu is only 50% owned with regularity difficulties . Exploration is way behind Havieron

We have a floor from our 2 brokers of around 30p already without a GS valuation.
The PFS is due September time the growth prospects will have advanced considerably by then.
To paint a picture that Havieron isn't worth much is very easy to do at this point but come September this is going to be so much harder to do.
To twist facts is very easy to do and to counteract these is difficult, just don't listen to them

Freddie
I replied to that poster who was promoting Wishbone comparing to another Havieron.
I didn't slate him , I gave my opinion on the prospects of their licences and they are too small to compare with Havieron.
Please get your facts straight

The whole point about the PFS is to show that the project is financially viable.
The coming MRE is produced to support that feasibility. Inferred resources don't support the viability they just show it's possible.
Indicated Resource estimates are what is needed and I estimate 4-5m oz eq will be announced plus some inferred for the sub level caving operation.
Another 1m+ indicated for the stoping operation in the northern breccias .
Any other inferred resource will be used for an assessment of the Bulk mining operation and can be increased as time goes by.

There are 10m tons to go for to the west of the Dyke in the crescent and this is going to pay for the SLC to the rest of the crescent and the stoping to the north

Hi Jack
That's sort of right but forget SD for a minute.
The first 5 drills by Ggp before the jv were done as an exploration play, the company's plans at the time was to find ore bodies and package them up ready for sale.
Those 5 drills were astonishing and NCM wanted in immediately but they were too good to let go cheaply and the jv was signed.
GH stated sometime ago that he was not the person to take Ggp to mining, so welcome SD and here we are on the road to mining.
The Juri jv was never going to be like Havieron, it's a vast area with an abundance of targets.
The exploration costs are way over Ggp's head and may even stretch NCM, so there was never going to be a great incoming deal on that.
Scallywag is different when they hit something this could be another Havieron type deal.
This is a long term game you have to set your thinking to long term not short term.
This is my grandkids inheritance that's the way I think :))

Hi Tallchap
12% I think in Had005
8% in one of the latest drills
:)))

Hi kieffy
There was an interesting piece on copper yesterday in the LSE news pages saying that Goldman were super bullish on copper.
There is going to be a blip with the copper price before the supply problems really kick in.
The LME are sat on stocks of 765,000 tons with low take up at the moment.
Copper smelters are struggling to get copper concentrate supplies and the smelting price has plummeted with smelters chasing stock.
This has had the effect especially in China of the smelters closing for maintenance.
When economies start picking up and the big producers restart the short term copper price is expected to drop to $7600, but this is not likely to last long as the shortfall in production will become a big concern
ATB:))

Hi Jack
There's joint ventures and there are joint ventures .
By that I mean some exploration companies need a joint venture to be able to continue.
Take for instance Antipa they say they own 100% of Minyari but do they. There jv with NCM cost them 10% of their company fairly cheaply and similarly with Rio and IGO. These type of explorers hang on by their fingernails and eventually get paid off cheaply .
Then there are the exceptional ore finds where the explorers have found something that a major really wants. This can be seen in the type of deals that are around.
At Havieron NCM knew that Ggp were sat on a biggie as the first drill was announced, why didn't they just buy them out when they were very cheap? Why did they go into a deal where to be able to get 5% would cost them dear?
The majors seem to be happy with partnerships 75-25% you can see it with all of them. NCM have Havieron and Redchris plus others.
Is this to prevent predators maybe.
Is it to reduce liabilities, I wouldn't like to guess but their jv with Ggp seems to be going very well with Ggp becoming their exploration division.
This seems to me to be developing into a merger I hope not but looks that way , some way down the track yet.
ATB:))

Hi Jack
How can anyone put a price on an ore body that keeps on growing.
Why would Ggp sell out of a major find with 30-40 years life span maybe more with at least 9 years of profits of $200m or more and 20-30 years of $175m or more.
We don't need another prize but they will go for it when the profits start rolling in.
You are thinking too short term, if they get say £200m for their share and blow it all on exploration and don't find the ore body, what then!
Don't throw away your golden egg there might not be another one

Hi Bully
On your figures FMV for 5% = £110,000,000 or $150m

We will owe NCM $50m
Costs for SLC mining $65m

This will leave a surplus to Ggp of $35m

Hi Speedy
I never know what reaction I will get when I post any figures, today I here coming back from the Board 'silly old codger' forget about those they will never happen.
But some of my calcs have and are falling into line.
A line of ducks :))
If I have worked out financial sums I always work on $1,000 revenue for gold therefore leaving the rest to Aisc and being ultra conservative.
With the saying gold pays for everything and the copper is the profit, so $1,000 revenue for gold and $9,000+ for the copper

Hi Speedy
To be honest I never included any copper values below 1600m, I'm unsure of the copper at those depths if it's there it could wipe out the costs especially so if there's any cobalt.
I'm expecting the Aisc to be very low for the top levels the high grades could send it to be $100 or lower.
The bottom levels depending on the copper grades and whether the gold grades near 2g/t could be below $500.
Consistency in the grades = cheaper processing.
Is that any help

Hi Speedy
The costs are high for deep mining, getting the ore out is a big factor.
That Gwalia mine intends to truck it out , 2 hour round trip at 1600m deep so 2300 could be 3-4 hours.
More ventilation shafts , water cooling to reduce humidity, ventilation system, underground vertical haulage shafts.
Conveyors are cheapest method but no good round spirals so long straight declines needed.
Getting labour to and from the face takes time and loss of production.
That's why further down you go the grades need to be good
ATB:))

Just clarifying my calculations in my head

If the mine goes down to 1200m ( possibility it might only go to 1100)
That's 400m-1600m true depth
Would give 15.3m @ 0.75g/t

If the mine eventually gets to 2300m that's an additional 700m
Then for 700m @ 1g/t = 19.6 x89% recoverable = 17.4m oz
For 2g/t = 29.4m x 89% = 26.2m

17.4m+ 15.3m = 32.7m oz + 11m equivalent (cu) (for 1g/t)
26.2m + 15.3m = 41.5m + 11m eq

So the range is somewhere between 32.7m and 41.5 depending on grades + 11m eq + 3m eq (cobalt if they go for it)
for a depth of 2300m( not likely to go any deeper)
NB! still open to northwest,north,northeast

Hi thedoors
You've missed one
Greatland Bamps = sheer excitement jumping up and down
:))))