Member Info for Bamps21

I can confirm I am the only one silly fool called Bamps according to my Grandkids and they should know.
:)))

Gold revenues $1,530 per ounce
Copper revenues $5653 per ton
Underlying profit is approx $306 per oz
plus approx $1,130 per ton for cu

Cadia produced 843,0000 oz au and 96,000t cu
Lihir 776,000 oz au nil cu
Telfer 393,000 oz au and 16,000t cu

To replace Telfer's gold production in the years to come at 0.75g/t Havieron would need to supply 16m tons per year of ore.

Hi Paddy
That plan you posted on Twitter shows the fault line further away from Outamind than I had gleaned from the magnetic survey and shows it closer to Goliath.
If it is as close as that Goliath becomes really interesting as it has a spur from the southern edge down to the fault line.

ATB:))

Hi Socialistb
You can't look at that £50m for Goliath, that is for Havieron not Goliath. As I said before to explore Goliath to a level where a mining lease can be applied for may cost $1bn upwards. There's absolutely no way Ggp could take it on.
The Havieron deal is a 'have now pay later'
The loan will be repaid from earnings and with the price of gold increasing won't take long to pay back.
You're not going to be able to change anything just let it go.
ATB:))

The progress on finding a factory for manufacturing must be getting close.
Plans for this year were highlighted in the Nov RNS.
Trading Update issued on 11 November 2020, key tools, which have already been ordered, are expected to be installed in the first half of financial year ending 30 April 2022 ("FY22") with manufacturing commencing by the second half of that financial year. This will result in a 70x increase in Stereax production capacity by the end of the 2021 calendar year.

So April 21 to Oct 21 Machine installation and fit out
Oct 22 to April 22 Manufacturing commencement
Covid might delay this a bit though

Hi Tom, Ipad, Tymers
Last time I looked through NCM results they had hedged their gold prices at $1400 I expect the silver and iron that come out of the dore will be a credit.
Copper concentrate price which is what they export is more difficult to find out, the one price I've seen is $4,000 per ton from Jlp not NCM.
I believe the smelters charge a price per ton $65 from memory.
There are however a lot of credits and debits to come back from the smelters for the cobalt,iron,lead, arsenic and others.

One thing I have picked up from last weeks discussion on transport ore to Telfer by pipeline that suggests some processing at Havieron may happen.
I hope Jim could verify that

ATB:))

Goliath
Very high intensity magnetic and gravity responses - tick
Bullseye feature - tick
Very large coincidence magnetic/gravity possibly 785m tons above 1,200m depth and possibly 5-7x larger between 1200-2200m depth - tick
Good MMI results - tick
2 fault lines intersecting in the coincidence centre - tick
Looking better every time I look at it :))

Hi Paddy
This was the other reply
RE: Goliath02 Jan 2021 18:35
Hi Hydrogen
From the plan on Artemis web site there is a fault line running north from the Scallywag/Havieron border up the West side of ARV licence through Rio licence where it enters the PRE licence to the West of Outamind.
It continues around the North of Outamind and then Sw back to enter ARV licence.
There showing the Post Mineral Dyke passing through their licence and fading out just inside the PRE border.

So there is a fault line between Outamind and Goliath but it's a lot closer to Outamind.

ATB:))

Hi Paddy
This was one of my replies to Hydrogen yesterday

Outamind03 Jan 2021 08:35
I'm looking forward for Artemis drilling results of Apollo not really any of the others.
My reasons for this is that it is in a very similar position to Outamind:-
They're both sat adjacent to the same fault line.
They're both in the same magnetic rock unit

Not much to go on from published data of Outamind.
From the 2 magnetic and gravity plans ,
4 historic drill holes can be seen targeting the North end of the magnetic anomaly missing the centre.
The high gravity anomaly is in the Southern end, it looks like the coincidence will be small.
Both anomalies look ovoid in shape around 2,000m x 1,000m.
The fault line runs passed the Western and Northern edges.
It has had an MMI survey.
There is another target slightly to the NE which has had some historic drills the magnetic anomaly is of lower intensity.
The fault line runs to the North and East of it.
That's about all I can find out on Outamind.

Hi SocialistB
To explore Havieron and bring it to Tier 1 ore status may cost in the $100-$150m.
To explore Kraken and bring to a Tier 1 ore status may cost $300m+
To explore Goliath $1bn+++
To build a processing plant mega bucks.
You say you would rather them borrow $50m where will that get us, absolutely nowhere in my opinion.
You are missing the point totally that Ggp can't afford to go on their own.
NCM will have gained 70% of huge cost burdens, Ggp will have gained 30% of a Tier 1 ore body for a relatively small initial outlay and achievable funding for a small company.
I would put it behind you and accept what they have and what is to come.
ATB:))

Hi thelearner
I'm looking at timelines here
Scallywag results January
Goliath drilling May
Scallywag further drilling May
Goliath results August
Scallywag results August
NCM jv Sept Scallywag
Mining applications Saddle Reef
Mining Blackhills 2024
Exploration drilling Scallywag 2 years
Exploration drilling Goliath 3-5 years
Mining Scallywag 2025
Goliath production plant 2026
Mining Goliath 2028

Just a wild stab at it but in essence Goliath long way off, Blackhills will keep Telfer going with Havieron.
Scallywag will add years to Telfer lifespan.

To my mind Scallywag will be another NCM joint venture it won't be viable for other majors.
A deal on the north of PRE now that's another subject
ATB:))

If you put Goliath next to Havieron the other edge of Goliath would be half way up Scallywag.
or if you put Goliath over the Havieron footprint there would be no room for a mining camp, evaporation ponds etc

The size of it is mind blowing.
We have to hope the first drill is very positive.

Hi SocialistB
Let's be straight on this Greatland or Newcrest are not in a position to exploit Goliath on their own it's far too big.
If the exploration drills are positive as I'm thinking then Goliath maybe carved up amongst the Majors.
It's going to take many many many many millions to explore let alone start mining.
Best to have 25% of a potential mine than 100% of a lump of rock, cos that's what we would have going it alone like our Tasmania assets.
$19.2bn profit might be spread over 50-60 years way after most of us.

Hi LTInv
ARV are still waiting for some results, I don't follow it , I'm not sure what drilling is still to be done.
ATB:))

Hi Adrian
You have to look at the view that the gold pays for everything and the copper is the profit
If you look at my guesstimate for Goliath 4.8m tons of copper is huge.
The only figures of copper concentrate sales I can find is $4,000 per ton.
4.8m x $4,000 = $19,200,000,000
Staggering sums for only the top layer and only for concentrate.
The sums are even greater for the gold.

Myself and Hydrogen have been posting about the importance of copper.
Copper prices are set to hit their highest levels ever seen in the not too distant future

ATB:))

Hi Soundman
I'm not of the opinion we will be taken out anytime soon.
My reasons for this :-
A new CEO experienced in large mining operations
NCM have not yet got 70% of Havieron or the Juri Jv
They've not yet got a jv for Scallywag or Rudall

Why would they spend loads of borrowed money now when it will cost them less in the long run.
The Ggp story still has a long way to go in my opinion
ATB:))

I'm looking forward for Artemis drilling results of Apollo not really any of the others.
My reasons for this is that it is in a very similar position to Outamind:-
They're both sat adjacent to the same fault line.
They're both in the same magnetic rock unit

Not much to go on from published data of Outamind.
From the 2 magnetic and gravity plans ,
4 historic drill holes can be seen targeting the North end of the magnetic anomaly missing the centre.
The high gravity anomaly is in the Southern end, it looks like the coincidence will be small.
Both anomalies look ovoid in shape around 2,000m x 1,000m.
The fault line runs passed the Western and Northern edges.
It has had an MMI survey.
There is another target slightly to the NE which has had some historic drills the magnetic anomaly is of lower intensity.
The fault line runs to the North and East of it.
That's about all I can find out on Outamind.

Hi Hydrogen
From the plan on Artemis web site there is a fault line running north from the Scallywag/Havieron border up the West side of ARV licence through Rio licence where it enters the PRE licence to the West of Outamind.
It continues around the North of Outamind and then Sw back to enter ARV licence.
There showing the Post Mineral Dyke passing through their licence and fading out just inside the PRE border.

So there is a fault line between Outamind and Goliath but it's a lot closer to Outamind.

ATB:))

Hi Tom
Happy New Year to you.
I can't contribute much to your debate apart from the IHT bit.
Certain AIM shares are exempt IHT tax.
I'm not sure about Ggp now they've moved to the 100.
My bank financial advisor was trying to say I have too much for IHT planning, he had to Google it when I pointed that out.
ATB:))

Hi Russkie
I think people are taking it in but are unable to contribute.
If the first drill hits sulphides below that 1200m level it will make anything else in the Ggp portfolio a pale significance including Havieron.
When I've actually tried to calculate the volumes the shear size of the numbers are just mind blowing.
The talk of gold bars etc today may fall flat if they hit sulphides at Goliath.
Is there a big risk well yes of course there is but the geological clues lessen the risk.

ATB:))