Member Info for Bamps21

Hi Tig
If I can but might end up on zoom, I can do that :))

Hi Tig
If you asked me to get my e mail to you, I wouldn't know how to start, I'd have to ask my grandson :))I'm not on FB or Twitter. I'm in contact with Offerman though.
I've been trying to get him out of Cerp and BPC to come here but waiting for this drill to happen, great poster .
ATB:))

Hi Jim
The trouble with oil is we've been burning it like there's no tomorrow and you're right we do need it but not to burn.
The global use of oil will have to fall in line with the supply of cobalt which is falling.
Both are being over used the worlds climate can't take it.
When you look at CO2 emissions cobalt processing is a major factor but not as high as Ammonia production, look at Trinidad one of the highest CO2 emitters because of it's ammonia production but using green hydrogen would stop that immediately.
I could carry on all night so I better shut up.
Good luck with BPC I definitely won't be going anywhere near it.

Hi Daveri
Yes last year in April then a Rights Issue and buy in by Linde at 40p in October and £3 by March.
This could happen here I'm not saying it will but a 20% buy in by a major could propel the sp

ATB:))

My investment strategy was to get out of oil by 2023 , it's too damaging for the climate, luckily this time last year my strategy of plunging into ITM hydrogen at 20p paid off now around £3 and also IKA batteries, so hedged my bets.
Itm building the largest electrolyte factory in the world and just about to start. This is an industry that can only grow. You need electrolysis to make green hydrogen.
IKA batteries to me are the leader in my view.
So my strategy after 2023 till 2030 is electric cars there not sustainable with the supply of electricity and may be redundant before that.
Heavy goods vehicles have to be hydrogen, they have a greater range and companies can offset the carbon dioxide credits to other parts of their businesses.
Construction sites , mining companies will all go over to green hydrogen.
If we stick to electric for transport more nuclear power plants will be needed and no one wants that.
The batteries will be needed for home and office storage to halt electric waste.

Just my thoughts but do take a look at IKA presentations GC is very good and tech super. Itm board very informative but not suggesting anybody invests on my say so

Hi Tig
On the Worcester side of the Malverns.
My mining interest started working on the removal of the Aberfan tips, no not with a big shovel :)
Working in construction you have to know about different hardcores.
I was on a lot of the M5 south of Bristol and passed Exeter.
I can't drink much at moment gall bladder issues, I don't think it's Paddy's :))
How far is it from Bracknell that's about 1.5 hours from me

ATB:))

Hi PC
I hope Musk achieves it but experts are saying to reduce the cobalt lower than 5% causes fire risks. At present they are using 30%, for the Uk to achieve carbon neutral by 2050 we will use all the global supply by 2030 at 2% in the batteries.

There's just not enough supply and even Musk has hedged his bets by buying production from Glencore

ATB:))

The cost of cobalt is very high due to the production of the cobalt cathodes being very complex.
I will try and explain it simply as I can:-
There are 3 ways Havieron could get its cobalt.
Copper/cobalt sulphides the main source at Havieron.
You have to follow the process though to the electrolysis producing the copper cathode from the copper anode.
The anodes and sludge from that process are then turned back to a molten form and lime is added to increase the PH, the idea is to make copper cobaltite and further processing to remove the Nickel and Zinc sulphides to leave a cobalt hydroxide.
The cobalt hydroxide is then used in electrolysis to form a pure cobalt cathode.

The second way of gaining cobalt is from the Arsenic Sulphides which is another lengthy process .
After the roasting process the concentrate powders are leached with sulphuric acid and used to form the copper/cobalt anodes and used in the electrolysis again to form the cathodes.

As you can tell it's not an easy process and I've simplified it.
In copper oxides the cobalt content is about 5% of the copper so there won't be vast amounts at Havieron but in cobalt terms substantial

Jim
That's a very risky strategy.
I got out of Cerp cos of that merger and got all my losses back and more here.
Can you tell me if they hit 1bn barrels in one drill (which is unlikely) how will they get it out?
Oil is unsustainable in the medium to long term.
Ggp has the answer but it will be swallowed up with electric car batteries .
The answer is cobalt or the lack of it.
Cobalt and Molybdenum are used to de sulphur crude oil, over 50% of world production is used for this process.
The undersupply of cobalt at the moment is huge, the world needs 8 new mines per year to keep up with demand. There were no new cobalt mines last year of any worth as far as I am aware.
I hope you are not going to get in a mire over there, I see the Bod are issuing themselves shares like confetti, so glad I got out.

ATB:))

Hi Hopefully
I heard Callum mention that but when you look at the plans and the historical surveys that doesn't ring quite right.
There are open areas still but they are within the oval, the only area that's not closed is the HGZ breccias that is bulging out to the North between 350 and 650m below Reduced Level.
The step out drills are still targeting the depth cos that is still open
ATB:))

Hi Hopefullygold
Apart from that bulge to North of the High Grade Breccia zone I can't see the actual boundaries expanding any further.
I believe the talk of the NW is the area within the boundaries, on the plan it's the circle of High Grade Breccias that's underexplored which from the cross sections looks far larger than the central HG Breccias and is open at depth.
As Bully points out and from what I've been going on about the higher the average grades can increase the resources exponentially.
Any increase now in the area won't really increase the resources a great deal but the grades will
ATB:))

Hi Bully
I spent 10 years researching Cerp and had a big file of stuff , chucked it all away when the merger happened.
I regret now not doing it here but I couldn't face it.
Finding historical information here is difficult it's all hidden in the news releases.
The original plans showing early drill directions have been superseded by later drills.
I should have copied them :((

You can deduce from the logs which zone they're going through
like 309m @ 0.99g/t is obviously Breccias
0.7m @178g/t is obviously sulphide zone.

GH was enthusing about Had42 where there is 17.2m @ 19g/t and 0.65%cu within the centre of the Breccias, so this I'm assuming is the sulphides within the Breccias which will probably be the target of further drilling
ATB:))

If anyone's got doubts just look at the drill logs, it blows my mind what they've found.
In that video with GH he's enthusing about Had42, Had44, Had45
42 = 88.8m of 1.2g/t and 0.18%cu
now look at the bottom of the hole
3.1m of 91.1g/t and 2%cu wow wow

44 = 83.3m of 5g/t and 1.1%cu
GH said the 5g/t and 1.1 are worth 7g/t equivalent

45 = 151.7m of 0.6g/t and 0.08%

Just a few other highlights
76 = 0.7m of 178g/t plus 0.53%cu
49 = 0.5m of 159g/t plus 0.83%cu
47 = 309m of 0.99g/t plus 0.07%cu
Now look at the bottom of the hole
1m of 100g/t and 0.85%cu

It goes on and on there's so many highlights.

Hi Count the Chickens
I should know better than mentioning those 3 letters beginning with an M I got slated last time.
My point about the post was aiming to see where Berenberg's figures came from and it seems quite obvious to me .
I shan't mention it again.

Hi Lenz
Regarding your post about specific gravities, when I was ordering hardcore for construction sites these were the SGs I used
Type 1 hardcore 2.4
Type 2 hardcore 2.2
Sharp sand 1.8

At Havieron the minerals are different
Chalcopyrites are between 4.1 and 4.3
Breccias are between 2.67 and 2.85
Gold is 19.32
Copper is 8.96

So if there are chalcopyrites in the Breccias and sulphides this will force the specific gravity upwards leading to more tonnage.
Will be very interesting if that information is ever released.
The closer they are together will also effect the tonnage.
ATB:))

Hi 944T
The MRE is carried out by independent consultants but can only work on what they are given.
Bearing in mind it's October and Newcrest are still publishing out of date information will the consultants be given upto date information.
Only time will tell, but I'm assuming the longer it takes to be issued the more upto date the estimates will be, particularly as the Breccias zones are growing and growing.
Regarding the fair market value if they issue 5m oz Initial estimate and also 10m oz Inferred estimate that is still a very large value to be placed on both.
If NCM do acquire the 5% (and remember it's at the end of the fourth phase of the farm in) the value could be very large a share and cash offer could be on the cards.

ATB:))

Hi PR
The sizes are mentioned twice
"Drilling results continue to expand and demonstrate the continuity of high-grade mineralisation over a length of 450m, and to vertical depths of 600m. Drilling has also identified mineralised breccias proximal to high grade mineralisation"

In the June quarter all we had was the crescent shape.
Don't go by my maths in the last post bit early for me.

I'm hoping they will use up to date dimensions but don't believe they will, the Initial estimate will be low with probably a very large Inferred estimate and hopefully with a copper equivalent.
ATB:))

If the MRE gives a low initial estimate as some are suggesting then it may come from that mining release.
They are stating June quarter figures for sizes >450m long x >600 deep in the release.
The tonnage is reduced to 71m tons , so that's 2.3m oz for every 1g/t.
Is this why Berenberg figures are on the low side.

Hi antigua
You have to remember Blackhills is classed as an advanced project . Saddle Reefs has gold at the surface, it's ready for mining apart from needing more exploration to define the anomaly.
Paterson Range East has had extensive survey coverage.
All these surveys and exploration drilling add some sort of value to each licence.
I'm not that nervous about it personally, let the drill bit do the talking.
Ggp have a great knowledgeable team who know what they're doing

ATB:))

Hi TmT
The MRE should include copper equivalents as well as the gold.
Including copper as a credit as an offset to the AISC may happen but I doubt it.

Credits from other minerals though will possibly be used for this purpose as these quantities will not be known until the copper cathodes are produced and will only be estimates.
During the copper refining process the last process is the electrolysis where the copper in the anodes migrates to the cathode and all the other minerals fall out and are recovered . These credits are then paid back to the producer and then offset against the AISC.
The cobalt will be one of these credits.

The molybdenum mineral at Cadia will be taken out from the copper concentrate powder and credited against the AISC when there new plant opens

ATB:))