Member Info for Bamps21

Hi Fenix
I don't like advising people what to do with their investments, I only try to give facts/ options.
When I was heavily into Cerp the merger came about with BPC, the merger to me wasn't right the risks were huge and most of the Board got sucked in. I invested here and a few other shares, unfortunately my fears for the risks at BPC came to fruition.

My thoughts on Ggp haven't altered if you think 74p is hype then you haven't grasped what is here.
I hope your other investments come good.
ATB:))

Hi Kevin
Thanks for that, the story of Scallywag is going to get a lot bigger this year.
I've always been interested why nothing ever was mentioned of Blackhills South which is in Scallywag.

POW and it turns into 9 targets that's unbelievable.
I've been looking at the historical drill results and there's a lot to look at.
Newcrest have drilled it they know something is there, whether they've drilled deep enough is another thing.
You can't write off Scallywag:))

ATB:))

Hi Fenix
Can you tell me what hype you are hearing I believe I've missed something?
ATB:))

Hi Magic
I hope you're going to give me more than 1/10 like last time:))
ATB:))

Hi Tig
Always good to hear from you, I'm definitely up for the Stag whenever that will be.
I hope the cricket will be on this summer always been to busy to sit still to watch it.
Let's hope for a good summer.
ATB:))

Hi HM
I apologise for miss reading your post.
My frustrations with Scallywag negative posts must be showing.
No matter how much I post on here there's always the next negative post coming in.
I've spent hours of research on Scallywag and I'm finding the amount of negativity on the subject exhausting, counteracting falsehoods.
I post freely my understandings of circumstances that others find difficult, I'm not always right and according to the wife I'm never right but I do find negativity through not listening very frustrating .
ATB:))

When posters are posting negatives about Scallywag is quite obvious to me they're not researching what they are writing and spread false information furling the doubts.
Ggp have started exploring Scallywag they have done a serious amount of above ground survey work that they can do before needing to drill.
On the first drills you don't go deep,
one to keep the costs down, restrictions what the drill type can drill through and the knowledge that can be retrieved from a shallow well.
Magma can travel vast distances horizontally and vertically under great pressures and heats.
The heats and pressures change the rocks consistencies, so the further from the source the lower the pressures and temperatures.
That means different mineralisation will form at different distances from the source.
Looking at those 3 drills at Kraken there is arsenic and gold and at Blackbeard there is lower grade gold and no arsenic.
When you look at massive intrusion diagrams gold and arsenic form close to the intrusion than copper and zinc.
Using this sort of information geologists can be directed to where the intrusion may be sited.
From what GH was saying London is pointing towards Teach.
From my lowly knowledge there is something deeper under Kraken, one of the 4 drills we are waiting for was testing where the 2 fault zones meet, so the information from that will be very interesting.

Magic has mentioned before that this looks like a copper/ gold discovery,
remember gold pays for everything and copper is the profit.
Rio Winu mine is mainly copper that has to fund and give the profit.

Havieron from my earlier posts show the value of the copper/ gold
gold at 1g/t at $1824 = $28.4bn
copper at 0.4% =$16.3bn
less costs

We need to find the hot zone at Scallywag to define what we have

Hi HM
To say that Scallywag has no gold is a bit of a strong statement after only 3 drills over a 20km long licence .
We need to find the hot zone , the potassic alteration zone, at the moment we've only found the porphyrittic alteration zone and that has gold.
You need to watch Magic presentation and follow what I've been posting.
You have posted incorrect information.
There is copper and zinc right through those drill results and lower grades of gold in 75% of them and silver.

Sliotar
I'm trying to make sense of that post, to be honest the grammar was very poor for it to make sense.
Where have you found that any of Ggp licences are not viable?
That is a false misleading statement.
Obviously you have not done your research in the company

RE: Strategy16 Feb 2021 10:24
Is the price of gold rising or falling?

Looking at a 6 month chart the average price has fallen from a 10 year high to a relatively stable $1820-1830 range.

Looking at a 12 month period from before our share price started rising then the gold average price looks very healthy.
Feb 2020 gold price $1575 oz
Today around $1824 oz

At 484m tons at 1g/t average
Feb 20 = $24.4bn or $7.3bn to Ggp less costs
Today =$28.4bn or $8.5bn to Ggp less costs

Overall I think the figures are spectacular over a 12 month period for gold and copper

The decision to hold, buy or sell is your decision

Hi Pooroldman
The MRE was based on an old formula of Newcrest that worked at Telfer. The figures used were from old hedged price of gold and copper.
In the PFS due this Dec they might use the same formula but hopefully might change it to suit newer prices as the hedge prices for gold has risen to $1,907
ATB:))

Is the price of gold rising or falling?

Looking at a 6 month chart the average price has fallen from a 10 year high to a relatively stable $1820-1830 range.

Looking at a 12 month period from before our share price started rising then the gold average price looks very healthy.
Feb 2020 gold price $1575 oz
Today around $1824 oz

At 484m tons at 1g/t average
Feb 20 = $24.4bn or $7.3bn to Ggp less costs
Today =$28.4bn or $8.5bn to Ggp less costs

Overall I think the figures are spectacular over a 12 month period for gold and copper

Do I hold,buy or sell?

Copper price end of Oct 2020 $6700 per ton
16 th Jan 2021 $7,700
Today $8416

Havieron 484m tons mineralised ore at 0.4% copper =1,936,000 tons copper

Oct $12.9bn
Jan $14.9bn
Today $ 16.3bn or $4.9bn to Ggp
That's $162m per year for 30 years

Copper prices are forecasted to rise to their all time high of $11,000
That would make $23bn
or $6.9bn to Ggp
or $230,000,000 per year

If the gold pays for everything what is the copper?

(not included extra depth below 1,00 of ore, or any extensions or the eastern breccias)
If the grades only get to 0.2% at today's price that's $80m per year for 30 years

Decision time!
Make your own mind up!

The only place to explore on Cerp assets to get cash quickly is Saffron.
Cerp did a presentation last Summer providing a break down of each area.
Based on $60 price Cerp would earn $50 on each barrel
Icacos =$40
Suriname $40
Goudron $30
Innis $30
There is a Royalty payment to be made to the Singh estates after the second drill I can't remember what that entails.

There were plans to drill 60 wells on the Middle Cruse and also S2
Plans were also to build a quay to load Crude offshore
The Middle Cruse plans were to exploit the shallow drills 50 barrels ( my estimate) would payback each well in 2 months.
That's about $75,000+ per month for 12-18 months each.
Plus S2 estimate of 200bopd.
These will soon fund other drilling without the need for more loans.
That was Cerp plans
BPC have more costs may exceed Saffron potential.
Good luck to all Cerp holders

Hi MFU
I'm not a lover of Institutions getting involved the small private investor always gets forgotten.
Look what happened to Cerp when the largest Institutional investor changed its policy on in investing in oil.
84m shares and they kept selling and selling no matter what the price. The sp was decimated and no room for dilution.
Issuing of shares prior to that was only to the main holders.

They are though a necessary evil to grow the company without them buying in we would be diluted to smithereens.

If most of the PI are sat on their hands and still buying the pressure on the share price can only grow. The Institutions need shares they know all the tricks to get your shares, they know this share price has a long way to go.

Hi Kevin
It doesn't look like a certainty reading those clips in my last post.
They are drilling to extend the footprint of the inferred resource so the Indicated Resources will underpin the MRE.
There's a lot of work to upgrade each 10m cube/shell to give an Indicated Resource, I'm not expecting one before the PFS
ATB:))

Hi
In the RNS it states
The 2021 growth drilling programme includes plans for approximately 65,000 metres of drilling within the next six months and will focus on the following targets:
? South East Crescent and Breccia: Potential resource definition of extensions below the existing resource shell and lateral extensions adjacent to the existing high grade resource shell.
? Northern Breccia: Potential expansion of the existing Inferred Mineral Resource below and adjacent to the existing resource shell.
Eastern Breccia: Drill testing and interpretation of the geological and mineralisation controls of the Eastern Breccia Zone is ongoing.
? 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.

From the web site
2021 Growth Drilling: Outside of the Inferred Resource, mineralisation remains open within four target regions identified: South East Crescent and Breccia Zone, North West Crescent, Northern Breccia, and the Eastern Breccia. This provides encouragement that the resource will continue to grow over time with additional planned drilling. Growth drilling programme in calendar year 2021 will focus on the extension and definition of these zones adjacent to the current Inferred Resource.
Infill Drilling Programme: Infill drilling is underway on the top 350 vertical metres of the South Eastern Crescent within the existing resource outline with the aim to define indicated resources to underpin the proposed Pre-Feasibility Study.

I think you can see from this that the whole of the ovoid will not be fully explored by the PFS.
They are infilling around the inferred resources, but concentrating on the top 350m depth.
That zone will probably go into Indicated resources and the Northern High Grade zone. This rest and at depth will go into an inferred resource.
This will keep growing as time goes on.
These resources will be included in the PFS

ATB:))

Before the next Scallywag results I suggest everyone should look at Magictrades video again and familiarise yourselves with some of the phrases that are used.

Porphyrittic alteration is where the gases and fluids have altered the rocks
Potassic Alteration is where the magma has altered the rocks

Scallywag drills are in the porphrittic alteration zone, were looking for the Potassic or hot zone.

Sills these are the magma running through wide joints can be horizontal running from the main magma vent probably following faults.
One has been found in Lon001
also one in Kra001 dipping steeply southwestwards under Bla001

Quartz veining where the fluids and gases are running through the rocks changing the consistency. This is where a lot of gold will occur.
Skarns form on the edges of the magma, these have been found at London.

Arsenic - this can combine with gold and form in zones close to the magma vent.
This can be seen in Kra001 drill results but is not evident in Bla001.

Copper is one of the last minerals to cool and be found some distance away from the magma vent.

When these results come in please don't look at the results and post this is a duster it will really show your ignorance

Hi Ben
I have seen the Rolls Royce project, I'm always interested in what they are upto .
My friend from school went as an apprentice in Filton where the Concord was made.
Fantastic museum with one of the concords there , be nice one day to revisit.
My brother in laws dad was the engineer on the carpet conveyor belt on Concord.
As the plane got to Mac 2 the carpet had stretch 8" to match the plane and then shrink again.
I will never forget the French air hostess sat on my lap when we went on it.
Unforgettable:)) and the plane :))

Ggp is not a one trick pony for short term investors

Short term29 Jan 2021 09:52
Ggp is all about long term assets, it is definitely not for short term thinkers and there are many on this BB. My last buy was around 34p and I'm not really concerned, I know in my own mind the assets are worth multiples of that 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.
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

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 and I'm certainly going to enjoy the ride