Member Info for Bamps21

To be honest I'm not really bothered about conspiracy theories and Dark Pools, I've known they have existed for sometime. I have no time for paid idiots and have started to bin them, I never used to but there's too many now to bother reading them and miss genuine posts.
The ones to look out for are the ones that come over intellectual with slight negative undertones that post continually.

I'm not selling, so whatever these Dark Pool guys do is up to them. What I don't like is when they mislead and laugh at others losses I find despicable.
If you don't sell the price will rise and you are not crystallising losses.

My reasons for not selling
These assets look formidable
Havieron is one of the major discoveries maybe of the last 50 years and I want to be part of the journey.

Only sell if you have to, after all it's your money but you will miss out big time.

Good Luck

Watch the green fools turn up now

Well I've tried my best to point out why you should NOT be selling.
You should all be listening to Hydro it's straight up these big buyers are laughing at you lot selling they can't believe their luck.
You weren't listening to Paddy when he said sit on your hands.
Stop selling and the price can only rise.
Ignore these paid idiots.
They are paid despite their denials

Worst case I remember was 'honest John' on LGO and another horrible one 'gunner' they made a mistake posting, they were sat next to each other and someone reportedly threw a brick through his window.

It's all you lot out there selling , stop and think don't do it
Listen to Hydrogen

Hi Hydrogen
Yes it's on the Southern end of Blackbeard, I hope it's not any further south or Rio will be muscling in :))

Hi Jag
Answer in a week or two, don't want to spoil the surprise:))
Place your bets :))
There's only one poster on here that I've met that knows me

Teach
Ongoing geological interpretation assisted by drill information and regional aeromagnetics has identified a new target within the Scallywag licence named Teach. Teach is located 3km south-south east of the Blackbeard prospect, comprising a series of structures with associated magnetic anomalism piercing the east limb of the Scallywag Anticline. Teach may represent primary mineralisation along the Scallywag Synform providing possible distal mineralisation and pathfinder element response as seen in LOD001, KRD001 and BLD001.

Distal Mineralisation
The challenge

Hidden ore bodies

Most of the large ore deposits found in Australia have been discovered as a result of their direct surface expression. However, two thirds of the potential ore bodies contained in Australia are under (often deep) cover, and the signs of any ore bodies are therefore hidden.

The technical risk associated with Australian mineral exploration due to this cover is reducing investment in Australia by major mining companies.

The key to the discovery of new high grade mineral deposits is the ability to detect and recognise the distal footprints of ore deposits that are hidden deep below the surface. The Australian Academy of Science High Flyers Think Tank and UNCOVER initiative is encouraging exploration geoscientists to collaborate to tackle this national challenge with focused research that can assist industry to boost its discovery rates.

https://www.csiro.au/en/about/corporate-governance/ensuring-our-impact/impact-case-studies/distal-footprints

Hi Greb
There's a bet on what my accent is and whether I'm CB, DL and now GH
I've got 50p each way cos I don't know
:))

Scallywag is that large you could put 2 Cadia mines end to end and still have room for a Red Chris mine.
The first 3 drills around Kraken didn't find the hot zone but what they have found is mineralisation in the ground indicating that there is a source very close by.
The next 4 drills will give more indicators in which direction.

Looking at the long sections through Cadia and Red Chris that Paddy tweeted recently there are a vast amount of holes around the ore body that missed or picked up indicators, these are mainly coloured blue, the ore intercepts are in Red.
Looking closer Red Chris around one ore body they drilled vertically,deep,shallow and at angles about 10 drills and only one of these hit the right angle and depth.

The aero magnetic survey was issued with those first 3 drills and a map was released for a lot of new targets for Scallywag and Black hills.

The 3 historical drills at Havieron gave clues to where Ggp should drill and bang they hit it first time. That was very very lucky or was it good detective work.
Geochemistry is a relatively new science for studying where minerals are moving during magma intrusions.
Presentations from the Australian Geochemistry Society are extremely informative on vectoring.
Some different vectoring studies by PHD students are on there:-
Movement of chlorides
Radio isotope dating of Lead from it's Galena source.
Sulphide saturation.
Alkaline and acidic movements .

It's a very complex science.

What I want to see from the next 4 drills is just not the core details but the interrelated knowledge of the surrounding area and giving precise reasons where they intend to drill next.

Forget about what they might do to the sp this is a long term play not short term.
Havieron will sort the sp out eventually but hitting one target on Scallywag wherever it is will be mega news

There's only one Havieron
but there might be only one Scallywag!

Ggp has multi Tier 1 potential targets

I know in my own mind the assets are worth multiples of the share price.

Just a few highlights of our assets:-

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 major 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.
Blackhills:-
At least 6 targets including Saddlereef 1400m long gold target one end poking out of the ground suitable for open pit.
Also Parlay a bullseye feature on top of a main fault line.

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.

Scallywag 100% owned:-
At least 12 known targets the majority of which are sat near fault lines.
Underexplored

Rudall :- 100% owned
Bullseye feature underexplored

Ernest Giles:- 100%
2 x 5m oz targets identified plus numerous 1m+ camps of gold deposits
Plus a large nickel target

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&2 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.
Plus Paddysat :))

This is a big company in the making and I'm certainly going to enjoy the ride

For those wavering

From some of my previous posts if you've been following them I pointed out that SE crescent to the west of the Dyke had increased in size from previous results at the top.
This high grade section is very close to the Decline design position, it's the obvious place to remove the sample ore for Telfer to adjust there process train/trains.
What does this mean well from discussions the top 20-30m of this zone will be targeted.
The volume of this is roughly 150x50x30=225,000 cubic metres
Hannams first note used 3.4 specific gravity
225,000x3.4=765,000 ton
Hannams average grade in HGZ =3.8g/t
765,000x3.8 divided by 31.1= 93,472 oz
Plus copper @0.6% = 4,590 t
Allowing for costs say $1,000 per oz revenue
93,472x1,000 =$93,472,000

Copper price c $9,000 x 4,590t =$41,310,000

=$134,782,000 possible revenues from the sample tonnage.

Total costs forecasted $1.5bn
SLC operations about 1/4 way down so say around $350m $134m revenues =$216m outstanding
Ggp 30% of shortfall =$64.8m

Conclusion Ggp will need to find after the Feasibility Study around $65m to fund their share of the SLC mining.

From one other posts on revenues from SLC I've worked out revenues from the SLC will be $229m per year for Ggps 30% at 6m tons

An attractive short term loan looks very likely
$65m costs for $229m per annum for 9 years from 2024

This next 6 months should be action packed full of news flow, just like the old days of the Blackhills nuggets. Was that really only 2 years ago it seems an age.

The announcement to start drilling Parlay will soon be on us.
What's at Parlay?
It's a bullseye feature, some of the western side of it straddles Antipa borders. I don't believe there has been any historical drilling or an MMI survey.
I'm expecting a wildcat drill, so be patient on that one.
It sits next to the same fault that Kraken and Blackbeard are next to.
There is a 'tail' of small anomalies running south into Scallywag.

Outamind:- There is a series of anomalies here surrounded by the same fault that comes up from the west of the Havieron block and Apollo.
I believe there has only been about 6 drills here in the past and they're not deep , 3 in the west and 3 in the east.
There has been an MMI survey but not reported here.
There maybe some indicators from the 6 drills for the best possible new drill locations.
This maybe a series of 'camps' like at Ernest Giles from perusing the plans but only drilling will tell that.

Goliath:- Very exciting high priority target.
A huge bullseye target with similar MMI results to Havieron. For cobalt at Havieron replaced by tin here.
Split into 2 depth wise- the top 1,000m has a magnetic intrusion anomaly that has come through the gravity anomaly.
This magnetic anomaly is bigger than Havieron- massive!
1,000-2000m deep both anomalies (magnetic and gravity) are fully coincident and are far larger than the top gravity anomaly.
From memory it's over 20x the size of Havieron.
There has only been 3 shallow drills nowhere near the magnetic anomaly, they may give indicators I'm not sure on that.
There is a 'tail' running south and meets up with the same fault line around Outamind.

Los Diablos- a very intense fully coincidence anomalies
3 drills and MMI survey undertaken results not published.
This would be my favourite for a Tier 1 but not as exciting as Goliath.

Wildcard- will they drill Tama in this round.
A supergene target is where the minerals have been leached out of the surface layers by water and deposited lower down forming a super rich deposit.

Scallywag- Well there's so many places to drill here finding the right spots for drilling is going to be real detective work.
The new chap has his work cut out.
Teach, London,Blackbeard, Swan
I wouldn't like to guess which would come first.
Very excited with this area.

Rudall is a maybe for this year unless we have to drill in the mining lease agreements. Maybe just MMI or ground gravity surveys.

Main catalyst though is the PFS and preceding that the Indicated Resouce estimates. Should enable the Havieron assets to be included in the accounts .
The preferred method of mining will probably be announced around this time.
This should solve some of the unknowns of the Decline design and transport issues.

Hi Racing cyclist since start of year you missed
4
Newcrest confirmed funding for early works
5
Aero magnetic survey identified numerous new targets on Scallywag
6
Aero magnetic survey identified numerous new targets on Blackhills
7
Aero magnetic survey identified numerous new targets on PRE
8
January drill results
"· Further Excellent Results from Infill Drilling: Latest drill results confirm the continuity of higher-grade mineralisation within the South East Crescent and Breccia. Mineralisation is open at depth below the Inferred Mineral Resource shell providing support for potential expansion at depth."
9
Commencement of early works 21 Jan
4-5 months to start of Decline
10
Announcement of 65,000m of growth drilling by end June
11
Announcement of PFS brought forward to September
12
Commencement of new CEO 8 Feb
13
New CEO finds kettle 15 Feb
14
Canning Licence Applied for
15
March drilling results
o New Targets: New targets outside of the immediate vicinity of the Havieron deposit, but within the Havieron Joint Venture area, have been identified with the potential to conduct drill testing of these targets in the future.
· HAD112: 196.1m @ 1.7g/t Au & 0.28% Cu from 545.9m, including

o 18.5m @ 4.9g/t Au & 0.60% Cu from 595m

· HAD122: 97m @ 3.9g/t Au & 0.50% Cu from 500m, including

o 15m @ 9.7g/t Au & 1.8% Cu from 500m

· HAD123: 169.5m @ 3.4g/t Au & 0.33% Cu from 711.5m, including

o 58.9m @ 6.2g/t Au & 0.23% Cu from 736.1m, including

o 3.1m @ 95g/t Au & 0.50% Cu from 781.8m

· HAD127 79.3m @ 4.5g/t Au & 1.4% Cu from 537m, including

o 41.7m @ 8.4g/t Au & 2.6% Cu from 549m

· HAD130: 109.4m @ 5.9g/t Au & 0.63% Cu from 622m
16
Great Results Show with Bottle Rocket and Magictrades
17
Brilliant Paddysat showing the Boxcut well under way with the shape clearly visible
18
Bamps still Bamping :))

Current Production 400-500bopd $3m is operating cash flow .
That's NOT profit.
Maintaining operating cash flows on depleting fields has to take account of workover costs and down time on the wells.
According to Cerp last summer the net backs after tax was only $30 after tax on Ipsc licences
This is what the netbacks were last Summer
Saffron $50
Icacos $40
Suriname $40
Goudron $30
Innis Trinity $30
South Erin $30
Moruga $30
(My previous post for IT should have said $30)
Goudron wells have about 20% down time per year and then depletion so to say there is no capex is incorrect . There is continual expenditure to maintain these levels.
If Saffron works then I would expect initial pressures to be fairly high but settle down to 200 per day for about 300 days per year allowing for maintenance downtime.

Total focus to my mind should be concentrating on the shallower cheaper levels at Saffron to maximise revenues .
Lots of smaller prizes to fund the larger ones

Hi Eggc
I've been ok thanks, I hope you are 2.
I think BPC should have taken that drillers offer and not taken the risk.

What surprised me in that presentation was 12 targets in the SWP mentioned by Cerp have been reduced .
Where has the 400m 'gorilla' gone?

ATB:))

On the NAV chart I can't see how Innis Trinity is worth half the Market cap value, Goudron should be closer to the market cap value.
Innis Trinity is too small for 2 companies to prosper I said that many times last Summer.
Why?
Reason I'm saying this in the trial CO2 injection only 1 layer was suitable for CO2 injection and the 3 lower layers were plugged off with a cast iron plug.
This had the result of lowering the reserves right down.
At 350 bopd forecasted this trial area had only 5-6 years of production. Bearing in mind at $60 oil price CERP had forecasted $40 net back after tax $10 lifting costs and 50-50 profit split allowing for Capex costs only just being covered by earlier losses.
That 50% for BPC isn't worth anything like half the MC.
I know it was only a trial and I'm glad it's working and other wells there have still been producing around 100pd but the valuation is still overvalued in my view.
There's far more oil at Goudron than IT and should be valued higher

Hi Eggchaser
Your right there the big prize is what is below, from my earlier research on Cerp from memory it's down about 7-10,000' below surface but that is a future prize too cost risky at this point.
LGO had a policy of infill drilling Goudron and that policy only resulted in less pressures in the other wells.
Goudron is the basic core field producing 300-500 bopd constant if it is looked after, I believe Cerp neglected it at the end after the bigger prize of Saffron.
Sand in the oil is the main problem they need to keep swabbing the wells continually to keep oil flowing.
The trial water flooding has worked to a point by Cerp but before that LGO had grand ideas of pipelines to bring in sea water and water sweep the oil. This was projected to take 12 months. The present water flooding needs to be stepped up big time to really make a difference.

Drilling Saffron 2 is another cash risk venture that may fail again. To my mind they should be tackling the Upper and Middle layers, cheaper quicker to drill resulting in cash flows much sooner.
The risk at Saffron 2 is the volcanic mud layer that has formed the trap of the Lower cruse.
This mud escapes at the mud volcano just to the SW of Saffron.
When Cerp tried to drill through it the pressures were immense and a really heavy drilling mud had to be used to hold it back to keep the drilling into the Lower Cruse.
This heavy mud had the effect of blocking the open pores of the LC sandstones limiting the oil flows.
This drill is risky I would rather they tackle the Middle Cruse to get income.
The other reason not to drill it yet is the Royalties kick in I think will be after Saffron 2 or maybe 3 , there is an upfront payment of $1-2m.
Bearing that in mind the netbacks were the best Cerp had of anywhere else and all there focus should be here to build cash reserves then go to Icacos to deepen those existing wells.
Bahamas and Uruguay offshore is still too risky, I would say Blind Faith
ATB:))

Hi Paddy, Zoros
6m tons came from Newcrest presentation
54m tons can't be removed in 4 to 5 years some of it is deeper than the 350m indicated resource level.
I was highlighting the fact that the top of the HGZ has increased since the last results so there will be more scope for more sulphides to be extracted.
6m tons is an issue to retrieve out of the Decline but I would expect a new Decline design to be in progress. This may include another Decline from the Northern Breccias HGZ. Definitely more vertical shafts.
As I also highlighted transport to Telfer is problematic for 6m let alone for 12m but can be resolved.
They mentioned pipeline, they move copper concentrate in solution from Cadia to the railhead I can't remember the distance but it's some distance and then dried before shipment.
Not sure how this would work with sulphide ore
ATB:))

Hi Flashy500
Ow am yam :))

Is it right on Telegram there's a bet on what accent I've got and is it Aussie.
Can someone put me down for 50p eachway :))

Hi Morningsun
There's not much room left at Havieron for a production plant, maybe a ball mill and sort some of the waste rock out.
Telfer will become a central processing hub.
If the plant closes the Telfer mine has to reinstated back to natural environment.
That will cost a lot of cash.
They've mentioned several modes for transporting the ore.
Road
Rail
Conveyor
Pipeline
My option is by train eventually can also feed then from Scallywag, Blackhills and even extending it to PRE and Rudall.
ATB:))