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Hi MH01
Please see my post on the mining plan thread.
6mt DFS you could be looking at 10 years time.
Time to come back to earth with a bump
https://www.ggpchat.co.uk/viewtopic.php?t=327&sid=ecdf74960c285fdb930752cab1f790ea
I know Costa and he attended the Stroud event and told everyone there that he left this Board of his own free will.
The toxic nature of this Board and false accusations is why he left.
I’ve nearly left a few times but meeting a lot of people at London and other places I was persuaded to continue. I have cut down my postings here though prefer my little WhatsApp group
Https://www.lse.co.uk/profiles/jim06/?page=2
This is a good read, he posted some good stuff on Telfer as he worked there in the 90’s.
He’s not posted for sometime.
Might have to log in
RNS 25th July 23
“Exploration Update
Greatland has completed drilling on its 100% owned Scallywag tenement. A total of 10 holes were completed for a total of 3,241 metres drilled, targeting conductors from ground electromagnetic (EM) surveys. Five of these have been surveyed for nearby conductors with downhole EM. The holes are currently being processed and assays will be reported when available in a future release. Downhole EM at the Ramses target was not completed as the drill hole was not structurally accessible.”
Ramses is the target at Rudall now in the Scallywag area
Well it’s quite obvious he has seen data that I haven’t been able to obtain but from what I can make out that anomaly is heading for Chicken Shack and our Paterson 8.
The obvious question at this point is will it effect the haul road route. Well it looks like it.
We will have to wait and see , early days but shouldn’t be a problem.
Interesting stuff by Saltpetie on hotcopper
https://hotcopper.com.au/threads/parklands.7898917/page-3?get_post=true
Great news
This is for the haulage road to Telfer L45/582 and L45/636 plus an HDPE water pipeline and a high voltage transmission line.
Also includes works for the paste plant and aan additional evaporation pond if it is required
Telfer is sat in amongst a lot of mining leases.
Does Ggp want these other mining leases?
We’re not likely to know for sometime.
Newmont have an issue in that the rehabilitation bond/ levy remains with the original tenement holder. This is a contractual arrangement and if a new buyer comes along a new agreement contract has to be signed and the old one cancelled.
If there’s no takers for these tenements then Newmont are still obliged to reinstate the land to a safe natural state.
They may have to pay someone to take it off their hands or do a good deal on the plant.
For rehabilitation and levy for abandoned mines
https://www.ggpchat.co.uk/viewtopic.php?p=5403#p5403
With everyone concentrating on the gold price the copper price has been sneaking upwards.
It’s very significant.
Havieron copper forecasted production average has a grade of 0.6%.
Copper price $4.08/lb (US)
For 100%
Production 3mt pa @0.6% =18,000t or 39.6mlbs
@ 4.08 = $161.5m pa
Copper record high $4.88 =$193.25m pa
0.8% grade = $216.25m @$4.08
0.8% grade =$258.6m @$4.88
1% grade = $269m pa @ $4.08
1% grade = $322m pa @ 4.88
It’s risen slightly higher since I’ve done those calcs to $4.1125
Initial production grades could be a lot higher
Just read Hopefullygold’s comments
https://www.ggpchat.co.uk/viewtopic.php?p=5397#p5397
They’re in for a shock then 🙂