Member Info for Bamps21

I didn't add on the copper value this morning didn't have time so here goes:-

At a copper price of $7,200 retail value:-
At 0.2% = 47p per share
At 0.4% = 86p per share
At 0.6% = £1.29p per share
Using 2.75 specific gravity

I've excluded the High Grade Zone just a broad specific average.

With the cobalt using an average of 0.05%(maybe a bit high) and a price of $33,000
= 50p per share
This all depends on finding cobalt in the breccias or just the HGZ

All this talk of other mines/miners you have to look at what they can produce, there's not many situations when a mine with all this mineralisation comes up.
We are very very very lucky :))

Good Luck everyone

There are still big unknowns that will effect any sale of Havieron and that is 'the 12 block zone' what else is there.
If Havieron is sold there would possibly be follow on payments.
There is an anomaly just N of Havieron, Apollo in the NW, 2 more overlapping Antipa targets on the East, 2 more on the southern border and a Rio overlapping target to the SW.
It could all get very complicated,interesting and exciting

Hydrogen
I was thinking more of Wow, Wow, Wow.

Whatever happens to Greatland I've been enjoying this ride through the lockdown so thanks GH &CB

The reason I never been in Solg was the start production date 2025/6 that maybe too late for me :((

ATB:))

Hi Bully
I don't think it was an equivalent as the HGZ has it's own copper average of 0.175% which again seems fairly low.
ATB:))

Hi everyone
I can honestly say when I did my post this morning I had know idea anyone was writing on the same subject.
Nice surprise some good posts, great minds think alike :)))
$250 in the ground is way too cheap if it was $450/oz at 0.75g/t the share price be about 40p I'm not sure I would sell for that either , no I am sure I wouldn't.

Goldworm:-
I can't find any evidence to support a 6g/t in the High Grade Zone, their latest schematics of the middle average >3-5g/t shows this increasing and the higher average >5g/t decreasing.
Hannam's gave an average of 6.4g/t with a specific gravity of 3.1 I'm not sure where they got that from.
NCM averages look on the low side to me looking at the logs.
The specific gravity of chalcopyrites is between 4.1 and 4.4 so I'm assuming 3.1 will be way low.

Hydrogen's remark about 600g/t being in the breccias.
The way I see that when I followed the drill log down that hole, 639g/t was the metre wide width of HGZ at the other side of the ovoid at the end of the hole.
It could easily be 1m cubed at specific gravity of 19, that's 20,000 ounces. WOW

ATB:))

At the moment without add ons
Square area = 176,000 sq m
Mineralisation depth = 1,100m
Cubic m = 193,600,000
Specific gravity of breccias average 2.75
Tonnage = 532,400,000
Ounces gold at 0.75g/t = 12,839,223
Price gold in the ground = $250
Total $3,209,807,223
30%= $ 962,942,122
Divided by 4,000,000,000
Share price for gold in the ground with a grade of 0.75g/t =$0.24 = £0.18
At 1g/t = $0.35 = £0.267
At 1.5g/t = $ 0.49 =£0.37

Average gold grades are very important in lifting the share price.

Retail Values of 30%
0.75g/t = $7 bn =$1.75 per share £1.31
1g/t = $9.5bn = $2.35 or £1.76
1.5g/t = $14.2 = $3.51 or £2.63

To me there's far more value taking it through to mining than selling our 30%.
$250 in the ground is far too low to sell up

why do posters keep copying that negative heading that's what he wants he only has to post and you continue it on and on and on.
Why why shaking on head in disbelief

Hi Tom
A bit of Havieron geology taken from the latest drilling update

Deposit mineralisation is hosted by metasedimentary (meta-sandstones, meta-siltstones and meta-carbonate) and intrusive rocks. Gold and copper mineralisation is hosted in breccia, vein and massive sulphide replacement styles, typical of intrusion-related and skarn types of mineralisation. The main sulphide mineral assemblage contains well developed pyrrhotite-chalcopyrite and pyrite. Alteration assemblages associated with mineralisation are amphibole-carbonate-biotite-sericite-chlorite. Higher grade gold zones (+10g/t Au) are often associated with quartz/chalcopyrite-pyrite veining.

From what I gathered from Magic was that the Breccias came first and the sulphides came later, probably forcing there way through cracks in the breccias.

I'm still learning about this system as much as anyone else but from Magic and Goldworm there could be a series of intrusions running from Rudall at least upto Antipa's land and maybe north from Havieron through Artemis land.

Breccias are formed with molten fluids or hydrothermal movements and high pressures.

Havieron has 2 types of Breccias Crackle and concreted. the crackle seems to have the lower grades between 0.5 and 1g/t and the concreted 1-2g/t.

The High sulphide zone mineralisation seems to be higher nearer the surface of the body and lower as you go down.
In researching massive sulphide structures some seem to be suggesting mineralisation is higher lower down but it doesn't seem to be at Havieron.
That has something to do with temperatures and cooling where copper is the last to cool down as far as I can find out.
At about 1100m the drilling logs are indicating that the mineralisation is tailing off but still looks like the crackle breccias continue lower plus a very thin high grade ovoid that is intermittent.

Below this intrusion should be the source a magma core stretching from Rudall and Blackhills finding weak spots like faults, fractures, folds and anticlines.
This magma could be iron or magnetite, depth is still unknown with what minerals it holds but it maybe too deep to get at.
Artemis believes the source of this magma is under their licence to the east.

If this was a massive sulphide on its own you might have seen those other minerals you mentioned spread around the perimeter and at varying depths but this is different it's found it's way up the cracks so i don't expect to see too many of those.

I hope that's answered your question.
I expect Hydrogen and Magic will put me straight on this :)))

Thanks Floater, Shiner still embarrassing:)))

Hi Hopefully
Yes he probably can't say anything.
The Canadians though I don't think they've found Ggp yet.
My cousin used to fly to Australia quite a lot to meet his advisor friends I couldn't work out how he hadn't heard of Ggp.

What Brent Cook said about the granite intrusion looks really promising for Havieron,Kraken and Goliath

ATB:))

Hi Bancal
It may still be early days, I'm still of the belief that Ggp is still not on the radar.
The MRE is due and help a bit, but big money is likely after the PFS next year.
In the meantime it will just keep getting stronger.
ATB:))

Hi Hopefully
Well that Brent Cook says what he sees and doesn't hold back. I would suggest people looking elsewhere at mining tips listen to that chap.
One type of deposit he was enthusing over was a granite intrusive through sedimentary rocks, the pressures causing the granite to form crackle Breccias and gold easily flowing around breccias.
He said he would be looking for drilling logs of at around 100m at >1-1.5g/t.

Havieron has all that and more.
Very exciting:)))))

The Institutions are buying and are likely to keep buying.
My cousin was a boss of a Canadian miner and he hadn't heard of Ggp before I asked him what he thought. He hadn't heard of them till I mentioned it, his business advisor said it was too soon, well he's in now so that must tell you something.

But what is going to happen the Institutions will gradually soak PI's shares and they will gradually take the real profits to come.
There won't be any Rights Issues here well not for PI's, the big guys are the ones that will get the juicy pickings.
Any major going after Ggp will really have to stump up the cash.
Any PI holding or buying now will be sat on a gold mine :))))))))

Hi Tig
That's embarrassing made me blush:))
I'm not that good look at my last post my maths are rubbish:((
Havieron 500,000 tons
Kraken 1,100,000,000
Goliath 14,000,000,000
Goliath is 28 x Havieron not 280 so it's only a small thing :))

I'm blaming Mush ever since he's been on about Portugal the crusted Port is going down rather well.
I'm stocking up for Xmas as probably spending it on our own, the thought of having a window open in December, does Boris think we live in Portugal:))
Hopefully in the Summer we can all meet up.
I have a tip for any newbies looking for a share it's got loads of potential, really good assets, could double in next few months.
It's called Greatland stop looking!!!!

ATB:))

Hi AndrBea
Did I really right that :))
Glaring mistake
Havieron about 500m tons
Kraken 1,100,000 tons
Goliath 14,000,000,000 tons

That's 280x Havieron
I think I was talking about the coincidence is 4x bigger than the whole of Havieron.

Whatever it's huge,ginormous,humongous:)))))))))))

Hi GOBITL
One company I was looking at recently was waiting for 17,000m of core results, so it's very obviously a huge backlog of results
ATB:))

Hi Jerry
That's the only figure at hand.
One-2-300m dollars for a Tier 1 asset that's still peanuts.

I bet all the workers at Havieron are jumping up and down with excitement.
Can you imagine being the overall site/ mine manager taking this on, this could be one of the newest biggest mines globally for years and years. How's that going to look on his cv :))))))

Hi Matilda
Historically you have to go back to 2002 when the gold price started falling around the time Gordon Brown sold most of ours.
The major gold miners started pulling out of exploration because Tier 1 assets were getting harder to find so they pulled the plug on exploration and started buying smaller companies that had found something.
That philosophy is still around.
Newcrest have acquired or will acquire 70% of a Tier 1 asset for $65m that's practically nothing in the scheme of things, why would they want to acquire the other 30% for probably $bn when they need that money to build the mine.
They have a jv partner with a lot of great assets, let them find the Tier 1's and pick and choose
ATB:))

Hi Colber
Tom the bomb posted a very good chart the other day. Search his threads on the members page.
It was taken from a chap who did a marvellous you tube presentation in April then again in June. I don't know if he has been around since, it is a bit out of date with the news we have now.
ATB:))

Hi Cookiegg
Well done keep posting

Happy Bamps:))