Member Info for Bamps21

NCM overall reserves fell by 3.1m oz over the year, copper was down too.
Telfer contributed to that fall by 500k ounces.
Can see why they need Havieron to start producing.

That's quite amazing $750m profit up from $561m with gold production falling to 2.2m oz from 2.488m oz gold.
Copper though big increase to 138kt up from 106kt.
They do really need Havieron to keep their gold production up.
They do have 5 Tier 1 assets with Lihir has a mineral resource of 49m oz

Hi Bluemoon
You were right Rudall is part of that light blue licence. I believe most of it is Rio's to the NW of Rudall.
Fortesque hold the licence to the SW of Rudall, a long strip of a licence running southwestward towards Paterson Resources Grace Project.
Only thing I have seen about that licence on the Fortesque web site is that it is an early stage copper/gold project
ATB:))

Hi Bluemoon
I thought Rudall with Ramesis was more to the SE of the Rio licence.
Seems a similar feature all over the Paterson that historical drilling didn't go deep enough.
ATB:))

Hi Markj
I would imagine the AISC will remain high until the transportation is sorted.
Road trains can carry 136 tons max , if Telfer can take 20m tons per year that would mean over 400 road trains every day, can't see that happening for bulk mining, it will need a railway.

Hi Tallchap
That link to the Grace project was interesting.
The plan showing the regional licences shows Ggp Havieron licence then Rio's to the South.
The next one is shown as Ggp same colour light blue, too far west for Rudall.
Do they know something we don't, probably a mistake.

Newcrest had that project and looks again didn't drill deep enough.
Mre at moment of only 64k oz Au

It's REMEMBRANCE Day

Have some respect for others

Watching Juke Box Jury from 1960s on You Tube
Golden Oldies you must be joking.

Voted Pinky and Perky a hit and it was No 11.
Next song Adam Wave you must have heard of him, not. Voted a hit yuk
Nina and Frederick the judges, very classy woman reminds me of Grace Kelly

Hi JF
We've had this discussion before, that drill is too risky which is why I left Cerp, not that I wanted too.
If they don't get a partner there's no way they can afford to get the oil out, could go same way as Hurricane oil.
Feel much safer here and got all my losses on Cerp back.
You there's trouble brewing when posters start talking about £1.13 parties, ridiculous .

Well I took a quick look at Prem at got put off straight away.
They've recently repayed debts owed to Directors, employees and other creditors with issuing more shares, well if that's not dilution I don't know what is.
Mozambique and Zimbabwe not the best places to do business look at the mess Solo and Aminex got into in Mozambique nearly 20 years, difficulties with government and management.
DT says they are going to 100x that's not difficult from 0.047p if you have assets like Ggp but not with those assets manganese and Tungsten.
What did Delboy call Rodney?

Hi Dr Aim
When I saw your post I immediately thought he thinks he's missed the boat.
When I bought in here at 0.6p my friends and family said oh not another one, I was dreaming of 5p , early talk of 16-20p I thought was nonsense. Well it got to 16p that was 27x and I thought then another 27x would be £4.32 well that's nonsense.
Where have I heard that's nonsense before, or is it :))

If you want experience of Aim and can afford to lose money only invest small amounts.
Make sure your core investment is a risk free one and no better than Ggp at the moment.
Good luck

I've missed 4 more inferred resources for Antipa that makes 2 indicated and 8 inferred resources with a total just under 2.6m oz Au.

Hi Napthman will have a look later

With Antipa having 3 joint ventures 2 indicated resources and 4 inferred resources , there has to be a reason they are 0.047p. If they were on Aim they probably would be higher.
Ggp are in a unique position with the Havieron joint venture, all the ducks have lined up you will probably never ever see this happen again in your lifetime.

No scope for multi bagging from 23p, I keep going on about this time last year when ITM rose from 20p in the summer to a rights issue of 40p on 26 Oct when Linde wanted 20% within a couple of months they were over £3.
That could happen with Ggp , I'm not saying it will but it is possible, there must be a lot of companies eyeing Ggp assets willing for a piece of the action.
Certainly not one to be out of at the moment, the silence is absolutely deafening from GH.

Come on Ggp!!!

I've been looking at Antipa for sometime .
A few things I find puzzling as they were one of the early juniors to have licences in the Paterson why they didn't pick up Blackhills etc. I'm still unclear on that one.

The other thing with being so close to Telfer approx 3km why have they started drilling Grilla it's miles away. It must have something good about it not just as it is in the centre of Prefect,Tama,Henrietta and Atlanta.
If it was me I would be drilling next to Parlay.

Rio seems to be powering on at Winu but the other 2 jv are just at normal pace with NCM too busy at Havieron

Hi zoros
Ggp have risen to 23p with no resource estimate.
Antipa are at 0.047p with 2 indicated resources and 4 inferred resources.

With that many resource estimates to come and the possibility of at least 2 more Tier 1 assets from Scallywag and PRE that maybe much larger than Havieron, the share price is still very low

Newcrest's jv is to spend $6m within 2 years on exploration which includes survey costs, so I can't see it being a long campaign unless they find something good. The next phase is to spend a total of $16m to gain a 51% of Wilki.
Last phase is to spend $44m to gain 75% of Wilki within 8years.
Not as good as Ggp jv

Hi Ben
My family are over the covid fortunately.
Down the bottom of my garden the neighbours were having a new extension built and I overheard 2 bricklayers talking about body building. The one was explaining to the other on how vitamins aid in the muscle metabolism and what the chemical build up of steroids in the muscles. Well I never, had to go and tell the wife she couldn't help laughing, it was like 2 doctors talking, lost me :))

Reading through people's ideas of what might happen, the best situation for both parties would be for Ggp to form a new company to take over our share of Havieron giving us shares in both companies and then NCM to buy out that company. Would be much easier to value that single entity.
It would leave Ggp free to carry on exploring.

Hi Ben
How times change, that's not the discussion I remember coming out of the tea hut, suppose it's the Financial Times now not the Daily Sport
:)))

Hi DJF
From the RNS
The Group's primary strategy is to advance projects that have potential for the discovery of large mineralised systems (typically considered to be in excess of one million ounces of gold) through the various stages of exploration and development with a view to monetising at least one or more of those projects, whether through an outright sale, joint venture, or spin-out via initial public offering, within a three to five year period.

A review of the geophysical data highlighted multiple high-priority targets for drill testing, including Kraken, London, Blackbeard and Barbossa.

I'm putting 2&2 together making 180 that a spin out or initial public offering within 3-5 years is the period after mining commences at Havieron.
Also it's intimating that the Scallywag targets each contain at least 1m oz gold.

Just my assumptions:)))))