Member Info for Bamps21

I don't know why you are all fretting over a little drop, I don't believe you know what you know what you've invested in.
Earlier I compared Havieron with Capricorn Metals mine, now let's compare Newmont mine at Boddington the biggest in WA from their resources chart to Dec 2019
Measured and Indicated Resources
Mineralised ore Tonnage 358m t
Havieron my estimation of 700-800m t

measured and indicated gold oz 6.2m
Havieron my estimation 13m-20m

The MRE figures when published anywhere over Boddingtons figures will make Havieron the biggest.

The numbers will do the talking

Hi Condorlini
I can only find these costs for Karlawinda project
MACA is the preferred mining contractor for the project. The A$400m ($288.47m) contract covers mining activities for the first five years.

In June 2020, APA Group and Capricorn reached an agreement for the supply of gas from the grid. APA Group will also build, own and operate the pipeline, which will connect the grid to the gold project.

A power supply agreement was signed with Contract Power to build, own and operate the power station.
I would imagine their costs are fairly substantial overall.

Hi Bully
Equivalents are the other metals value calculated in to gold ounce value.
Mineralisation is an ore containing minerals
High Grade Zone at Havieron is the sulphide zone which contains far more minerals than in the Breccias.
The ratio of gold to other metals depends on what's in the sulphides and in the Breccias copper will probably be higher as they are mainly chalcopyrites CuFeS4
or 35% copper, 30% iron and 35% sulphides. Gold is in the Tellurides which comes from the sulphides.
The gold grades published are from the quartz veining in both zones
Working out a ratio would be too much go my little brain :))

The BB seems to have gone back to normal, I would just like you all to compare what we have and what Capricorn Metals are upto. Thank you to Grace and others kind support.
The Karlawinda Gold Project, Pilbara.
In April 2020, Capricorn Metals reported a 35% increase in the ore reserves of the project to 43.5 million tonnes (Mt) graded at 0.9g/t of gold (Au) containing 1.2 million ounces (Moz). The reserves estimate includes Bibra (contained gold of 1.09Moz) and Southern Corridor (contained gold of 111,000oz).

The total mineral resources of the project are estimated to be 86.7Mt graded at 0.8g/t of Au for 2.14m oz.
Construction of the processing plant began in June 2020, while pre-production mining activities are expected to commence in December 2020. Commissioning of the plant is expected by March 2021 and the first gold is anticipated by June 2021.
Peak pit production rate is expected to be approximately 7Mt per quarter and will be maintained for more than a year before decreasing to a steady rate of approximately 4.5Mt per quarter for three years. The production profile will then adopt a natural downward trend as the material will only be sourced from the Stage 3 pit while approaching mine plan completion.

The mining fleet will include eight 130t haul trucks, four 100t haul trucks, as well as 300t, 200t and 100t excavators. The ancillary equipment will include dozers, graders, loaders and watercarts.
The ore will be treated using standard processing technology involving single-stage crushing, a 4.8MW single-stage semi autogenous grind (SAG) mill and a 4.8MW ball mill (SAB) grinding and gravity recovery, and conventional cyanide leaching and carbon in leach (CIL) recovery process.

The processing plant design comprises a crushing circuit, crushed ore stockpile, grinding and classification, gravity recovery, leaching and adsorption, elution and electrowinning, and smelting.
A 306-room accommodation village became operational in the first half of 2020, while the 44km-long site access road is practically completed.

The project will involve the construction of a 16MW gas-fuelled power station with 2MW of diesel back-up.

They are doing all this for 50m of mineralised ore to get at 1m+ ounces of gold.
Havieron has somewhere between 700-800m of mineralised ore and 20-30m ounces with equivalents.
I'm very confident with my investment here and the journey has hardly started.

Hi Risey
Can I ask what miner that was.
Poly Peck that brings back memory's

Oops the cathodes I should have put Lithium iron phosphates not oxides :))

I know the battery technology is changing fast and I hope Uk firm Ilika beats Musks it certainly looks that way at the moment.
Toyota are involved with IKA like they are here with ITM.

Hi Ben
It can happen on any board when the day traders get involved. The Merger of Cerp by BPC was horrific i soon stopped looking at that, heading for a fall that one.
Carillion was not a good Board to be on either, I got caught out with that one, should have listened to this woman bombarding the AGM in 2016 with questions, financial stuff goes in one ear and straight through. The CEO was squirming with embarrassment.

Hi Mark
That bet was in the 1980s
Since then we have had a lot of technological innovations.
BHP have some interesting charts on their website showing how goldfields exploration finds have dramatically declined since 2002, the same is happening with copper finds

Hi Taskmaster
I knew about cobalt and molybdenum use to desulpher crude oil but was trying to show why FCEV vehicles are the only answer from the 2030s.
If cobalt continues to be used in all types of technology then depletion will happen faster and new forms of de-sulphurisation will be needed.
Cobalt and molybdenum are mainly found in chalcopyrites one of the main copper and nickel bearing ores and not normally found on their own.
Some good stuff on Ilika web site about their solid state batteries.
Elon Musk is aiming to use Lithium iron oxides as cathodes but they're less dense and less miles per charge than Li Cobalt oxides.
Cobalt free batteries have to come.

Hi Tom
This share goes down and people are naturally disappointed but that share goes down a couple of pence and mayhem.
Didn't like the abuse yourself and Tmt received much better here, you better buy a few back in I can't see it going much lower than a pound.
ATB:))

Metal availability is the key here to any plan.
We've been told not to drive diesel vehicles and diesel catalytic converters use Platinum.
Switching to petrol is a problem, the metal used is Palladium in the converters, car manufacturers have a problem sourcing it. It will lead to its demise anyway by 2030.
There is a presentation this month by Elon Musk on his new battery design to reduce the 30% cobalt use down to 0%.
Experts are saying that this is unachievable 2-5% is probably all he will get it down to because of the fire risks without Cobalt.
EM has taken a stake in Glencore's mine in the Congo , so that shows he needs Cobalt.
From 2022 Cobalt demand will far outstrip supply at 30% in batteries and maybe even 2%.
With 5G technology demand increasing that too will drain resources.
Apple and Google etc are being investigated for using child labour to mine the Cobalt in the Congo.
The Congo has over 60% of the worlds resources, over 200k t per annum and the
rest under 50k.
To meet demand there will need to be found 8 new mines the size of Glencore's mine in the Congo immediately , but there is no sign of that happening.
Electric cars will eventually have had their day unless new technology in the battery make up is found , probably by 2030.
Hydrogen really seems to be the natural alternative.

Hi Nige
I'm astonished at the kind words shown by some on that BB.
I'm not going to post there for a while though, mainly down to the abuse that Tom and TmT have been receiving, unforgivable in my view.
Hi Ben
My wife has Persimmon shares I don't know why , doesn't want me to sell. Worried I might buy some firm she never heard of. Croda, Segro and Carr are her favourites. She has earned a lot from all 3.

A new brick - shudders :))

I don't know what's happened to this Board but it's not pleasant anymore.
Think I will lay low for a bit and keep my thoughts to myself

Hi Tom
I was just talking generally, you know i'm daft :))

Hi all
Mortgage what's that, been so long since I've had one I'd forgotten about it.
My first mortgage was an endowment one opened in 1975 the next month interest rates went to 15% for ages. That was hard but after 25 years the endowment paid off my 2nd one , really lucky with that . Then straight after, the merger between Bryant's and Taylor Woodrow happened and money was thrown at us. Happy Days :))
Tom would you be better off by sticking £20k in an ISA rather than a pension. I know the government add to the pension but they certainly get it back at the end. An ISA is all tax free.

Hi Hollamatronic
That won't happen, one wrong move by NCM would kick start a bidding war, this is going to be a gently gently approach, one joint venture after another

Hi Paddy
I thought their figure was higher than that, let's hope the truer figure is nearer 4.1-4.3. The chalcopyrites are the main constituent of the Breccias as well.

Chalcopyrites are the main material used in thin walled solar cells

Hi Hydrogen
I found that specific gravity on sciencedirect.com is it feasible, could this be why H&P had 3.6 in their calculations allowing for non chalcopyrites in the ore.
I don't think people here have cottoned on to what it might do to the MRE figures
ATB:))

I believe I may have under estimated the specific gravity of chalcopyrites the main constituent in Havieron HGZ and Breccias.
Granite has a specific gravity of about 2.8 to 3 and that is the figure I've got my rough estimates from.
Chalcopyrites however have a specific gravity of between 4.1 and 4.3.
My rough estimates was about 13m oz and around 10m oz equivalents, using 4.1 could mean a 30% increase.
B....y h.ll :)) squse my French :)))

With Elon Musk doing a presentation this month on his new battery design, what's the future hold for the likes of lithium, cobalt and nickel.
He's trying to phase out the lithium cobalt battery for the electric car market and replace them with cheaper nickel materials. There is a big but there, the cobalt is used to reduce the fire risks, EM is trying to get the cobalt down from 30% to 0, experts are saying he will still need 2-5% to prevent fire risks.
To meet the increasing demand for cobalt from electric cars and 5G phones 8 new mines the size of Glencore's Katanga will need to be found even with 2% still in the batteries.
“GIVEN THAT SPOT PRICES FOR MOST BATTERY METALS ARE CURRENTLY IN THE DOLDRUMS, RELYING ON THE NATURAL CYCLE OF MINE DEVELOPMENT WOULD APPEAR TO BE A LOSING STRATEGY”
according to Wood Mackenzie

To get the Uk to carbon neutral by 2050 will use up all the current global supply of cobalt.
The DRC Congo currently produces around 200k tonnes of Cobalt while the rest of the world produce less than 50kt.

GGPs Panorama licence has an area of 200 square kilometres of cobalt anomalies the largest in Western Australia and possibly the whole country.
At prices around $33,000 and forecasts predicting over $100,000pt.
It's an inevitable gold mine :)) while cobalt anyway