Member Info for Bamps21

Goliath mentioned on the web site as a High priority target. It's a far bigger target than Havieron, the coincidences of the surveys is also much larger. Needs drilling to confirm targets.
Not as big as Panorama's Cobalt anomalies over 200square kilometres :))

Hi Tom
Well done, and I thought you were mad putting all your eggs in one basket. I should have done the same , still hold a few Tw not many. What you going to do when this gets to Mickey's 74p :))))

Hi Paddy
NCM do pipeline their copper concentrate from Cadia. It's in the form of a powder. It's going to be diverted to their new Molybdenum plant for extraction of that mineral before being piped to a port fascility for export.
To make the concentrate though a new plant would be needed for grinding,floatation and roasting unless they're intended to do the leaching process which would need a big hole and a 'pregnant' pond and the copper liquid could be piped to Telfer
ATB:))

Hi chromeinvestor
It's not really a discussion for this board but I've been sat on a small loss in it for years . Assets are good but they're too small a company to deal with them apart from a joint venture.
It's much better to talk about Ggp a once in a lifetime share

Hi Hydrogen
Just seen your post to me about the equivalents and you put doubts in my mind on my rough estimates, may need your assistance:))
Measurements for the HGZ top zone
550x20x200 = 2,530 cubic m
x3 = 7,590,000t
My thoughts were the HGZ mostly chalcopyrites so that's about 25% copper but the % shown on the schematic is 0.175% which is less than 13,000t
Throws my estimates way out.
What do you reckon?

Also interesting there are 2 ways to retrieve copper from ore .
With the floatation and roasting process at Telfer the other precious metals can be retrieved.
With an electrowinning (leaching) process the other precious metals can not be retrieved and go with the tailings.

This is my rough estimate of quantities GGp have
High Grade Zone to SE 2.4m oz gold
HGZ - gold equivalents (copper etc) 4-6m oz
Breccia - surrounding HGZ 7.2m oz
Breccias surrounding HGZ Gold equivalent 4-6m oz

Breccias New Zone at 2g/t 2m oz
plus gold equivalents 1m oz

High grade zone to NW 1m oz gold
plus 2m gold equivalents

Breccias 1g/t - 1moz plus 0.5 gold

Gold = 13.6m oz gold
Equivalents = 11.5m oz

Plus a bit more to the N and a bit more to open at depth

Hi Tom
I believe KRA003 is the drill hole I was referring to. I hadn't realised Sca001 was so far from Barbossa.
Most of the survey maps miss this area apart from 1 the Residual gravity survey and that does not quite go far enough to the NW but it shows a very low gravity area similar to Kra003.
They must have spotted something for a wild cat hole.
More copper:))

Hi Paddy
Thanks for the info again:))
I've been looking at 3 surveys of the area
Residual Gravity anomaly to the NW of Kraken shown in red
Magnetic survey showing that area as a low gravity area.
The MMI survey showing a site with a high copper concentration >350ppb which is on the SE of that anomaly.
Certainly looks like the drill site but would need to overlay both charts to confirm.
It could be another anomaly to add to the list :))

Someone posted about the only risk they can see if Scallywag doesn't produce anything.
My view on this is quite different, the drill sites have been targeted with all the surveys information at hand. This is not blind drilling as what happened at Ernest Giles Meadows when not all surveys were at hand and they were trying to find the limits.
The MMI sampling has already indicated what to expect some were as Havieron but the gold grades were low and copper high, but gold can also be found in the copper ore and so does silver which has also been found.
I am optimistic of a good find at Kraken and London but i'm not expecting the high grades as Havieron had. Scallywag is much bigger so should make up for any lower grades.
Have another look at Magic 's 2nd presentation near the end talking about Scallywag and Blackhills you might change your mind.

According to mining.com major miners are concentrating on investor returns and not expensive capital expenditures.
"Companies still need to take a very conservative approach " said Joe Foster of Van Ecke Associates Corp and is also expecting gold prices to hit $3,000.
I personally don't want to see a takeover I would quite like the joint ventures with Newcrest to remain and expand into Scallywag and Blackhills

I've been reading about how chalcopyrites are formed and why copper and nickel are not high grades together.
Found a good report on it on www.wesminllc.com/downloads/
Introctroduction to Nickel Sulphide Exploration.

A sulphide liquid will separate from a magma when it becomes saturated with sulphur.
Nickel,copper and the Platinum group of Elements have a strong tendency to partition into the sulphide liquid (depending on a D factor).
Physical accumulation of the sulphide liquid leads to ore formation.
The D factor is determined by the amount of MgO in the magma
With MgO is at about 30% in weight of magma Nickel grades are at about 18% and copper 2%.
when MgO is at 5% the Nickel is down to about 3% and copper upto to about 6%.
Also the D factor is effected by the FeO in the magma.
Most natural magma have restricted FeO and also the composition magmatic sulphides is also restricted.

The sulphide liquid cooling from 1300-1100C can be split into 2
The sulphide liquid containing copper and platinum group can be separated from the magmatic sulphide which contains the nickel and iron rich.

In the aero magnetic survey it can pick these Nickel/iron rich ores with high readings and the copper ores with a lower reading.

I probably haven't explained that too well but it's a complex process for my little brain :(( got a headache but had to write it down before I forget it.

It's why there's not much mention of Nickel at Havieron and why Bromus is Nickel and not copper

Do you know I re read that post before posting it. Old age creeping up :((

I couldn't read a lot of the board the last few days just too many posts, so have been looking at the other projects no what status they are at.
Havieron- Nearly ready to mine

Blackhills - Advanced exploration stage apart from the new anomalies of Parlay, Northern and Blackhills South.

Scallywag- Early to mid exploration phase

Paterson Range East - Mid exploration phase

Panorama- Early exploration phase

Rudall - Very early exploration phase

Warrentina and Firetower-advanced exploration phase - sale potentials

Bromus - Very early exploration phase

Ernest Giles - E38/2205 Meadows Early- Mid exploration phase, rest of licence Calanchini -early exploration phase
E38/1685-Peterswald Hill - Very early exploration phase
E38/3235 - Westwood North
E38/3277 - Westwood West
Both Very early exploration phase

From September 2018 Rns
The extension of the known zones of gold mineralisation at Meadows represents another step forward in advancing this early stage exploration project.
The company is in a very fortunate position of having 6 quality projects in its portfolio.
We look forward o reviewing the projects at Havieron and Blackhills before deciding on the next steps to deliver the most shareholder value from all projects across our portfolio.

It looks as if a minor review happened and Scallywag then Paterson RE took precedent over E.G. etc

Hi Ben, Cdl
I think there's still a lot of room for profit over there, Friday night fizz should continue into Monday, Broker note due, loads of news till xmas.
Good to hear you all seem very busy and rates are improving.

Directors I've ever met there wasn't many that would stand up for someone when the chips were down. Tradesman friends there weren't many that wouldn't.
ATB:))

Hi Ben
"Bumper week this week "
What about next week fantastic news last night at 10pm the BB went nuts.
My lad wants me to take profits and put into something safer. Where's safer i'm watching my holding here slipping away and he's still topping up he's still positive on Tw.
You should have dipped your toe in :((

In 40 years of investing in shares I've never ever been in a share where all the ducks have all lined up at once.
Ggp is on the cusp of bringing dreams to all its shareholders beyond anyone's comprehension and you are all talking about other shares that may or more likely not make a profit.
Agh beggars belief:((

Hi GGPT&T
The HGZ is still open at depth but the mineralisation is starting to peter out. If you look at the drill results the deepest ones are only just commercial and I would expect anymore deep drills will be locating the Decline depth.
ATB:))

Hi napthman
If you go to the web site or better still Newcrest presentation you can see that that the High Grade Zone and breccias go straight down. To find the depth they have had to step out southwestwards to angle the drill. There is no ore body directly under the drill position.
I've been posting this since March that I believed this was the Decline position and will they be drilling anymore there well probably yes.
The Decline design is complex and will need detailed geological study involving drilling.
A complex system called Dubins paths links the 2 known points i.e. the start and finish. It finds the shortest route in 3D format using a Decline Optimisation Tool a DOT2 keeping a barrier between the decline and the ore body.
The Decline will start from a portal deep in the ground low enough to keep the roof of the tunnel stable , this depth will need to be found by drilling probably 50m deep or there abouts and may have a galvanised metal entrance covered with concrete.
Costs for drilling I found in 2008 were $4000 dollars per m , our decline is likely to be 3000m just to get to the top of the ore body at 6 degrees, so the costs are high and that software tool DOT2 can save a fortune.
The speed of the tunnel boring machines are dependent on what type is used and the rock type, a fast one can do 1 mile per week or 7 days, the slowest ones slower than a snail but that's installing concrete segments as well in unstable ground.

All brings back memory's of building the Dartford Tunnel, the compressed air thing wasn't good

Just my thoughts on what's happening at Scallywag at the moment.
Ggp have only announced a certain amount of drilling at Scallywag maybe 6 holes or a few more. The drill targets will be high priority targets from surveys all ready carried out and using their specialist expertise will probably give the results they were hoping for.
Blackbeard is not on the list this time but there should be a ground MMI survey team doing the southern half of the area.
Samples containing good copper results were found in the North and South of the anomaly. It will take another drilling campaign for that on its own due it's size.

I shall be very surprised if Newcrest aren't involved with where the exploration drills have been sited especially when the team move to Parlay, which is partially on Newcrest/Antipa licence.
I would be expecting 3 lots of news soon
The AEM survey from the Western side of Blackhills
The MMI survey from the South of Blackbeard
The drilling campaign results

Back to reading a paper on Dubins theorem on Decline tunnel designs.
Boring or what :)) Big Bertha is enormous may need it to get all the gold out

Hi Rock
I never use stop losses on any share, perhaps I should have done a couple of times.
The problem with them especially on smaller priced shares is sometimes the Market will spike downwards to trigger stop losses and then go back to where it was. That's like selling when you didn't want to at a much lower price.
I would rather sell when I want to and decide on my own losses/gains.
ATB:))