Member Info for Bamps21

Thanks Jim
If I can find the piece about the computer picker I will post it.
You mentioned about a new railway is that how you see the movement of ore from Havieron to Telfer, is going to be a momentous logistical issue
ATB:))

Hi Jim
From my understanding of Telfer they've introduced an expensive computer sorter/picker system before the floatation process.
Do they do electrowinning at Telfer or Port Hedland bit confused from what you said.
ATB:))

Hi thelearner
I remember my first on this Board , it was about the timeline from big bang to how gold arrived on earth.
Might as well start as you mean to carry on :))
I should have concentrated on physics,chemistry and geology instead of playing sport at school.
I shall have to try and find my first post back through all the drivel I've posted on Tw, Cerp and Ggp

So many new posters tonight, I would just like to say welcome
ATB:))

Hi TL
Brian Cox fantastic his talk on how gold was formed was really good.
The physics lecture I went to see was about what happened in the milli seconds after Big Bang.
I think I followed it , she said that matter and antimatter would have both been emitted from the explosion and cancelled each other out but for some reason one particle of matter survived which formed what we know as the universe.
Anyway her talk linked to Brian Cox talk.
How they get to know all this baffles me.
ATB:))

Tig have you got up off the floor yet cos of my cobalt sums.
Did you manage to count all the 0's
Great fun doing that but probably a load of rubbish I mean $6,000,000,000 low retail value nah count be right :))

Hi Panama
I will have you know I went to a good school in Bristol.
We never lost a rugby match in 5 years I was playing.
It was that rough they had to divert the construction of the M5 around it :))
So sad it's now a Lidl

Hi Panama
You making me blush :))
Let's hope we can meet up one day at one of Tigs meet ups.
I'm not that bright really, when my friend took me to an Institute of physics lecture we got to the door and I said I thought you said it was free. He said it is, but I said that sign says 10p . He burst out laughing that's the Institute of Physics (IoP).
What a prat :))

Hi TmT
Ok I agree with you on that one :)))))

Hi Tmt
" I don't want to hear Bamps telling me they probably had to use the diamond drilling to get through the cover, because that calls my theory into question and I like my theory. :)"

Sorry TmT :))
There are 2 reasons they would have changed to a diamond core drill in my opinion.
Firstly the rotary drill waste comes back up the hole as dust and gravel bits, it destroys the geological make up. Although there is a side wall coring device that could give information of the geology down the hole I doubt if they would go to that expense. They're relying on experienced eyes looking at the waste, same as in oil exploration with experienced eyes looking at the shards coming up with the drilling fluids.

Secondly and possibly the reason the RC drilling progress became to slow due to the hardness of rock strata.

If anyone has ever tried to drill into a hard brick or concrete without a hammer drill you will know what I'm getting at.
These RC drills have no hammer drill features.
Quartz, iron oxides, chalcopyrites, magnetite would all be difficult for an RC drill but not for a diamond drill.
The information from a core drill would be far more important than the RC dust.

I had to do it :)))))

I've taken this from the appendix at the end of the last drilling update

Drilling Core Samples
Core recovery is systematically recorded from the commencement of coring to end of hole, by reconciling against driller's depth blocks in each core tray with data recorded in the database. Drillers depth blocks provided the depth, interval of core recovered, and interval of core drilled.

Core recoveries were typically 100%, with isolated zones of lower recovery.

Cover sequence drilling by the mud-rotary drilling did not yield recoverable samples.

What does it tell us?
It looks like the latest drilling recovered 100% cores from the length of the drill holes apart from a few isolated sections.
The amount they drilled that's some feat.

The next item shows their logging procedure

Geological logging recorded qualitative descriptions of lithology, alteration, mineralisation, veining, and structure (for all core drilled - 24,644m from 34 drillholes, all intersecting mineralisation), including orientation of key geological features.

Geotechnical measurements were recorded including Rock Quality Designation (RQD) fracture frequency, solid core recovery and qualitative rock strength measurements.

Magnetic susceptibility measurements were recorded every metre. The bulk density of selected drill core intervals was determined at site on whole core samples.

All geological and geotechnical logging was conducted at Havieron site.

Digital data logging was captured on diamond drill core intervals only, and all data validated and stored in an acQuire database.

All drill cores were photographed, prior to cutting and/or sampling the core.

So their logging database is an acQuire system.
Their Gim Suite 4.2 logging system is suitable for mobile phone input by the drilling team and sent directly to the database for input

Hi Stellabob
My figures for retail value were based on a $33,000 /t figure , there's no way we will achieve that figure, costs for processing it and finding it are high.
After the copper concentrate has gone through the electrolysis process to form the copper cathodes the cobalt is in the residue with all the other minerals.
Another process then turns this residue into cobalt anodes and then through the electrolysis again to form cobalt cathodes.
That's bit of a shortened version of what happens.
The MMI survey picked up over 4100ppb which is very high, the highest globally by a long way is the Congo at over 6,000ppb.

The figure I used was 0.05% in my calcs from research of other cobalt finds.

News on cobalt from Ggp and NCM has been very muted of late and disappeared from the company description, so you will have to accept that my figures may be conjectural but fun dreaming

ATB:))

Hi Nige
You mentioned institutions having around 50% , Nominee holders are not Institutional holders which is why GDXJ had to buy more they hadn't realised that.

Novacyt news this morning has concerned me , that the variant strains of covid in mink bypass the immune response system which the vaccines are targeting.

Let's hope Ggp gives us some good news soon this second lockdown with the weather I'm finding hard.
Did smile last night though, our friends daughter has posted a few of her comedy parodies on You Tube, one Susan Boyle covid parody and Sinead O'Conner covid parody, posted by Chris Payne , very funny lyrics
ATB:))

Just repeating my thoughts of Kraken

Kraken27 Oct 2020 11:22

From the cross section on the web site the coincidence of the gravity and magnetic surveys look to have about a 250m dia and approx 500m deep which =
Area 49,000 sq m
Volume = approximately 24.5m cu m
The coincidence is a lot smaller than Havieron.
From the cross section though the anomaly can be seen extending NW and finishing abruptly in the SE. They have drilled in the NW where the MMI survey picked up a high copper site.

The exciting unknown is the 3D model has shown the anomaly widening out to about 1200m dia at 1,000m depth assuming it's a bullseye feature and continuing to get larger further down.
So at about 1000m depth the area is around 1,100,000 square metres.
The shape is roughly an upside down cone

Rough estimated volume = 377m cubic metres of the 3D anomaly .
Havieron has approx 176m.
That's about double the size of Havieron.
Kraken is roughly 1,100,000,000 tons.

Bit of wide speculation on my part using low average grades:-
If you relate the average grades of copper at Havieron to Kraken at a conservative 0.175% = nearly 2m tons @Kraken and 850,500 @ Havieron.

Using a low estimate
Gold @ 0.2g/t = 7.7m oz

Using the same average as Havieron of 0.75g/t
At Havieron 0.75g/t = 11.7m oz
At Kraken 0.75g/t = 27m oz

Well that's what I thought of it.

Now look what Goldworm thinks ( a little snippet)

" The priority for drilling will be Scallywag where there are coincident magnetic, geochemical and IP anomalies just like Havieron. Kraken is the main one - named after a legendary sea monster and will turn out to be a monster gold deposit"

I forgot to put in the cobalt figures, crucial

The minimum
at 800m deep 2.75sg = 193,700t cobalt
that's a retail figure of
$6,390,000,000 Gulp

An unrealistic maximum
1250deep x 3.4sg
= 374,000t cobalt
Retail value $12.3bn gulp gulp

Hi Tom
I really can't see Kraken as being disappointing, all the survey reports look promising. As I've said before Havieron has been so exceptional even good results at Kraken may look disappointing but the sheer size of it looks jaw dropping.

I keep being asked what do I see as a real maximum Havieron might have, so at the thought of getting roasted here goes.
176,000sq m
1250 depth (some of the drill logs seem to be petering out at that level.
Good density of chalcopyrites where the specific gravity could be up to 4.3, so I'm using 3.4 average
Using average grade of 2g/t (possible)
at 1250 deep = 48.1m oz
Using average grade of 2.5g/t (I would suggest a maximum)
at 1250 deep = 60.5m oz plus 3m tons of copper.

No harm in dreaming just a bit of fun:))

Coincidentally when we first knew of the crescent and 10m oz was mentioned I asked Paddy 'to get to that figure we would need 5-6g/t average is that possible ' and we came to the conclusion it maybe in the sulphide zone.
I really can't see that average being achieved overall with all that we know now.
ATB:))

Hi mickey
Hannam's figures for the sulphide were double mine but the breccias were lower so the estimates could be 4-8m.
Whether they were told different to what's been published I wouldn't like to say.
I would like to say mine are conservative as my first calculations for the Breccias were between 9-10m but the averages were dropped to around 1g/t from 2g/t.
Looking at the drilling logs I would suggest they be higher than 2g/t but maybe wishful thinking.
Bully you can't dismiss 30m oz, I haven't posted what a 2g/t over the whole ovoid and I didn't want it to be seen as a Ramp and not a Bamps :))

Hi Piscio
The MRE figures I believe will be between 6-8m oz, 30m is for the future.
I'm not expecting an update to those figures till after the PFS till late 2021-22 and then there is phase 4 of the jv and after that the 5% buy in.
The value will be a lot higher then than it is now, so the value now based on the MRE won't really be important.
ATB:))

Hi Kieffy
Just some working out on the sizes
176,000 square metres after removal of the Dyke
2.75 specific gravity a mean sg of Breccias
Ignoring the HIgh Sulphide Zone as if it was all Breccias
@ an average 0.75g/t
800m deep 9.3m oz
1000m deep 11.6m oz
1200m deep 14m oz

@ 1g/t
800m deep = 12.5m oz
1000m deep = 15.3m oz
1200m deep = 18.6 m oz

@1.5g/t
800m deep = 18.5m oz
1000m deep = 23.3m oz
1200m deep = 28m oz

You can see from these figures that it's the average grades that have the exponential effect.
The depth also increases the total a fair bit.
An increase in area to the ovoid doesn't increase it a lot apart from the new Eastern zone which is separate to my calcs.
NB! These figures are not in any relevance to the expected MRE sums which are just focusing on the Sulphide Zone and surrounding breccias.
My workings for the sulphide zone have used lower averages than Hannam's, I don't know why they have used 6.4g/t where I've used 3g/t
Sulphide zone =2.8m oz
Surrounding Breccias using 2g/t = 4.4m oz
after removal of the Dyke and not including the small extension to the SE
So I would be expecting the MRE of around 6 to 8m oz

Hi Jet
Most companies have this clause at their AGM most don't use it.
I would suggest to vote for it don't tie the companies hands, if they need capital to expand they will be stuffed.
That's what happened at Cerp and stagnation set in and the BOD lost heart.
The prospects here are so large this dilution if it happens won't make much difference in my opinion
ATB:))