Member Info for Bamps21

Hi Magic
I think the gold quantities are slightly lower considering they've added a small section of the Northern breccias but they've used smaller dimensions than I have.
At this stage they've discounted other minerals as not being economic but I believe that will come in time especially at the PFS stage.
I hope you can clear up the 3 type of breccias mentioned i.e. calcite cemented,
actinolite cemented and crackle.

It states there was no new drilling included in this report.
It looks to me they still haven't finalised the detail of it.

ATB:))

I've spent sometime reading the appendix at the end.
Couple of things I picked out from that they will be stoping the High grade zone and then block caving the adjacent breccias.
Gold retrieval rate of 94% in the high grade and 92% in the breccias, just a bit lower for the copper.
The squares are based on a $1,400 gold price and $34/pound copper.

The actual volume is a lot smaller than the previous measurements on the web site.
My figures allowed for vertical edges these are tapered following the High grade shape.
The previous 2 schematics have shown the overall grade averages decreasing and this one they seem to be lower again, the highest at >3g/t for the HGZ.
The Breccias look roughly what I thought at about 0.75 average but I need to look more closely.
The copper in the HGZ is way higher than before 0.6% is fantastic (0.175%).

They've used about 600m depth for the high grade zone which doesn't correspond with the last schematics/ RNS which was 700m.

They have stated the ovoid dims are now 650x350x1000m ore body

In the appendix there is detailed descriptions of the downhole data gathering methods , I need another read

Melbourne is same time as Sydney

It's 8:48 am in Sydney

Be careful when you ask your wife what she wants for Xmas, this is the conversation my mate had a few years ago
"Darling what would you like for Xmas"
didn't take her long to reply "a divorce"
5 minutes of silence
"I have to be honest I wasn't thinking of spending that much, darling"

Best word I've seen all day
This share is Bamptastic

@CharlesR
I don't know about a decade I've been waiting for a share like this to come along since 1979. No hope of me seeing another one.
I've stopped looking for another sprat or a mackerel I've found my whale.
I have a few other shares in my portfolio and fortunately most are showing phenomenal growth this year before that it was a bit of a struggle.
Even a whale needs mackerels and sprats.
ATB:))

Hi Ben
How did you get 36.5 only got to 34.5 that was a good move :))
Was possibly a tad early to sell big news coming before end of year.
I still got a few here but without divis it's been dead money.
I've increased my hydrogen shares but my dead money in Jubilee metals is now looking like a very good move, growing fast.
Critical metals are key to climate change and they are running short.

Keep busy :))))

Hi Jim
Is your opinion much different to mine
ATB:))

Hi Welsh Falcon
The extraction of copper from ore is a complicated process.
Firstly it has to go through crushing/grinding mills to about pea size and analysis.
Gold granules and waste rock are picked out at this stage, if there is recoverable grades of gold it will go to the cyanide circuit to remove the gold and silver for dores.
The residue is then sent to the floatation tanks to make the copper concentrate.
I simplified that a lot to get to the floatation process but sulphides and IOCG go through different routes.
Low grade ores are sent to copper leach process where a blue liquid copper concentrate is formed. This process looses all over minerals.

If you listen to Magics' talk where he says these systems are linked.
Remember he's the geologist not me but from that simply put the molten magma traveled along easy routes such as faults and escaped to surface through other weaknesses. This system has probably traveled from artemis lands NW towards Blackhills. Saddlereef has the same rock type as Rudall it's a long elongated body rising up to surface in the NW.
To me it's looks like the end of that particular run of magma but it may carry on up to Antipa 100% owned area.
Scallywag is in the middle of this magma flow. It's more than likely giving the same minerals as seen at Havieron and Saddle Reef.
It certainly not a duster but what grades are there is a different story but most likely gold/copper system

ATB:))

I am in awe with everybody's writing so fast, I'm still trying to take it all in.
Biggest thing for me was more infill drilling to get better grades.

Quick rough ounces at 1,000m deep 2.75sg
1g/t = 15m oz
1.5g/t = 23m oz
2g/t = 31m oz
2.5g/t = 39m oz
+ the copper which is likely to surpass its all time high price of $1,097pt
This could become a copper mine with gold.

Come on Ggp!!!!

Hi Sharegar
Newcrest need something to happen with their Telfer tailings area soon the mine is nearing the end. The older tailings contain lots of metals. With the leaching process on the low grade ores other metals other than gold and copper are lost to the tailings.
You can see this tailings area from the satellite images it's that big.
With ore coming from the new mines around an extension to the dam will be needed upwards, very expensive operations.
That would keep Jlp busy for years and safe jurisdiction
ATB:))

Hi Dogberry
At project Elephant they are rebuilding a tailings dam, mainly an earth embankment to hold the new tailings.
It's a liquid waste pumped from concentrator plant
ATB:))

I would be very surprised at this stage that Jlp would start a mine.
The locals are digging holes around the Sable plant I would imagine Jlp would need a licence to excavate the surface minerals out to stop this practice.

The tailings to be processed are huge in Zambia alone, but as Jlp get bigger they surely would be looking further afield.

Jlp have the renewed mining licence for the small mines around Kabwe.
They are also customers of an Australian mining contractor called Byrnecut who provide all stages of mine construction.

I presume they are keeping all options open.

I rarely say much about other posters but I have just read the worst post I have ever read on this BB and it got 25 recommends. Have I read something in it that is different to others I don't think so.

I am very supportive of Tig and other polite, informative posters.

Posters who write aggressively towards others I have no time for, why don't you stop and think before you post and would I want that aimed at me, I doubt if you would.
Grow up!!!!

What I will be keeping an eye out for in the resource estimate is the grades.
On the schematics of the high grade zone there are 3 different gold grades high, medium and low that's >5g/t, >3-5g/t and<3g/t
The top grade of copper is >0.175%
No indication of cobalt grades
Grades of Breccias around the HGZ on that schematic are averaging 1g/t.

Looking at the drilling logs those averages look very conservative but they will probably use them.

I am looking for an increase to those averages
A cobalt grade
An increase in the depth from the original 600m then 800m to the now 1100m but that might not come in this release.

If the area increases to the elliptical shape just remember the way the area formula is calculated it would take a large movement to the NW to make any difference to the figures. By large I'm talking of 200m+ unless it's an an ore body on its own.
The higher the grade average in the existing ore body will lift the figures exponentially x millions of ounces per 0.5g/t
Every metre depth will also increase the figures by 17,000 oz at 1g/t

Hi 3 cardbrag
Jlp to me has a particular advantage in a couple of areas.
Existing miners have a particular problem when their tailings ponds start to fill up and dam extensions are required that's very expensive. Newcrest Cadia collapsed I think in 2018 and it's not been able to take more tailings since.
So to keep the tailings down is a definite positive for Jlp.
It could also mean smaller tailings ponds in the future .

The other advantage is tailings pre late 1990s hold more minerals than after due to better processing procedures, so there is an economic benefit to remove these tailings.
The land reclamation at the end of a mines life will be far less expensive to carry out.

Jlp seem to be able to rapidly change their plans for Sable so I can't see a problem there.
ATB:))

I'm pretty sure he said substantially exceed the Chrome and PGM revenues, but just working rough figures out Roan is due to add 10,000 tons of Cathode and the costs to the jv are $4,000 pt which at Fridays cash price of $7,769 pt gives $37,690,000 of revenue before refining costs. Plus there will be revenues from the joint venture.
The tailings may have been used by now, perhaps Kabanga can have a look, next time he passes. The unknown quantities are the 3rd party materials.
It doesn't look like substantial until project Elephant gets going, but it's going to up the profits quite a lot:))))

Whatever this resource estimates throw at us in the coming hours/days/weeks whether 3,4,5,6,7m oz just remember what Gervaise said the "resource estimate coming with the PFS in 2021 will be substantially higher than this one."
So don't panic,moan,grumble, sell up, just keep smiling you've made a lot of money :))))

Hi BTB
I did buy ITM at 20p just holding now but became my top holding till Ggp overtook it.
I'm also holding PHE
My expectations for Jlp are increasing rapidly.
Ggp still my main excitement.
ATB:))