Member Info for Bamps21

Well I have heard of some daft plans but Elon Musk is on about bringing a solid gold asteroid to earth worth trillions and trillions.
Why don't he just buy Ggp shares :))

Hi Red leader
I don't consider myself either a Ramper or Deramper but just Bamp a lot :))
I'm more of a realist and say it as I see it.
As I see it the Breccias have far more potential than the HGZ but that resource may not be fully known for some time.

Ggp is the share of my lifetime of 40 years in shares.
Every asset they have looks outstanding .

I can't see why people are getting nervous about this share they need to sit back and relax this share is going grow enormously.
And that's me being realistic.
:))))))

The main prize for me at Havieron is the Breccias zone. Just the volume surrounding the High grade zone works out at 7.4m oz at 2g/t as stated.
If this grade average increases 3 or even 4 we could have upto 15m oz surrounding the HGZ without including the new zone or extensions to the crescent.
All looking good :))

Hi Tom
Hannam's grades are too high.
They've used 6.7g/t average, from the Rns the top has 5g/t middle 3 and lower 1.5.
The copper grade is also way high according to the RNS .175 they've used .6

Hi Tom
My workings for the high grade zone are from the ones published in the RNS and are found about 4 paragraphs down from the drilling result table.
I would be happy to be proved wrong knowing the state of my maths.
I think 5g/t average for the top of the high grade zone looks low but I have nothing else to go on.
I'm not sure how far the measurements of the HGZ project along the crescent so there might be more.
The shape is also an irregular shape so generalised measurements will not be accurate.
I'm not saying Hannam are incorrect but from the stated dimensions I don't see how they can be, unless they have used a different method

My views about the MRE being released announcing the resources is probably not what most of you are expecting.
The issue of the Pre Feasibility Study will probably not happen till into the New Year which should include a resource announcement known to the them at that specific time, with further additions as and when.
With the Decline imminent around the New Year they may issue an initial assessment. This might contain just the High Grade Zone and some areas of known Breccias.
SB has already stated he wants to get small areas of stoping works going as soon as the Decline progression allows, so an initial MRE might not be what your hoping for.
This is going to be a gradual build up of resource knowledge increasing the share price as it grows.
The Full Feasibility Study should contain most of the resource estimate but further underground survey work could increase the estimates .
From announced measurements my worked volumes are
High grade top zone 1.4moz
middle zone 850,000 oz
lower 150,000oz
= 2.4m oz in the High grade zone

Plus 7.4m oz of Breccias around the High grade
I would imagine an early Stoping works would target the 1.4m in the top of the High Grade Zone

Hi Hydro
That is quick, bet they get fed up with that music though :))

Hi Levis
The Mug is a great summer pub , watching the sun going down over the Malverns, swallows coming back to roost in the church, and bats flying around your ears and that was inside :))
Hardly ever went in the Halfway Inn but do use the Bull.
By the way I think the White Hart opposite was bought by Tw part of a land deal to build a roundabout on it, but that could be just a rumour
ATB:))

Hi Levi's
Many times it's only just reopened, I probably use the New Inn more but prefer the Rose and Crown on A38

I've spent hours looking at the Aboriginal Heritage Inquiry System.
The site takes ages to download and difficult navigating around but once on it I found I could overlay the mining leases with the Heritage Sites.
Good news there is no heritage area over Scallywag or Blackhills however the Havieron 12 block has been changed to
M 45/1287 and has been designated whole as a Specific Heritage site.
I am presuming the mining lease has triggered the Heritage site alteration and probably will happen with the other licenses when mining leases are applied for.
www.espatial.dplh.wa.gov.au

Hi Hopefully
I thought it was Ammonia Nitrate in Lebanon as Ammonia is made from nitrogen and hydrogen.

Having worked on Aberfan tip clearance I've seen at first hand the devastation tip failures can cause

Hi Nige
The reason I don't believe special dividends will be introduced soon is mainly down to demand. At the moment there has been a mini boom for various reasons including people needing a home office/study. When the huge GDP fall hits the economy it will stop this boom very quickly and take a long time to recover especially with Brexit looming .
I believe the normal dividends will commence they look committed to those.

Regarding Jlp look out for the ramping they are very good at that and Covid is still causing big problems in Africa. I'm not putting anymore in there and watch out for the nastiness on the BB that's not good
ATB:))

Hi Tmt
One scenario that everyone has missed which myself and Bully have had a bad experience recently is a merger.
Small shareholders never do well with mergers, the Bod always do well.
I really wouldn't want that to happen.
If we get offered NCM shares are they allowed in ISAs I don't believe they are.

I don't expect this to happen cos it will trigger others to step in.

NCM need Ggp in my opinion for their growth strategy.
The end of Hopefully's link was a bit of an eye opener with Queensland upping prison sentences for CEOs whose companies are involved with work related deaths plus $10m dollar fines.
Who would be a CEO eh can't moan about there share options with that.
Think we need to stick to exploration

Hi Maninpink
Yes that's the old tin can factory site.
Best area in Worcester is to the North of the City around the Mug House, well it was until Bellway started building. Glad I'm out of there now.

Whatever happens to Havieron I reckon Warrantinna will be sold first.
It's the only asset where it's stated in the RNS that i've noticed 'for potential divestment of the asset.'

Hi redleader
I don't consider Ggp have given away 70%.
NCM will have paid $65m
You have to add on the fact how much it would have cost Ggp to do all this drilling, and not just the drilling there is all the analysis, and the time is the factor it would have taken Ggp many years to accomplish what Ncm have achieved in 14 months. Time is a hidden cost of the Head Office expenses running away with the project.
NCM have also given their expertise and marketing to the venture , that must be a huge add on.
In 14 months Ggp on their own may only have drilled a dozen holes by now.
I'm really looking forward to the Jv expanding into Scallywag and Blackhills, a buyout looks unlikely as Ncm have some huge costs coming up elsewhere and at Havieron

Hi speedie
SB had mentioned Telfer to remain a Tier 1 asset. If extended it still hasn't got 10 years left, it can only remain a Tier 1 with Havieron, so to my mind SB needs Havieron and quickly to keep Tier 1 status.

Hi Hart
If you want to try and work it out yourself look at the measurements shown on the RNS 23 July 3 or 4 paragraphs down from the drilling table.
There are 3 zones in the high grade top, middle and lower each with there own dimensions and grades of 5,3 and 1.5g/t.
You would need the software programme to do it accurately but will give a rough est.

Mine worked out
Top 1.4moz
Middle 850,000oz
Lower 150,000oz
and breccias 7.2moz
These will increase with the open at depth remark

Good luck

Hi tig
I was enjoying your ramblings.
I would have enjoyed meeting you in the Stag but bit too far for me.

Hi Chester
House builders had a good run paying out huge special divi payments. I believe everyone knew deep down it couldn't carry on for ever and every time an x divi date came up investors were selling in the knowledge the sp would plummet and then buying back.
Covid gave the companies a way out of specials I'm not too certain they will return but hopefully the normal divi will increase overtime. They are due to start again next April so I'm not expecting much of a rise till January.
I am just holding what few shares I have left, like Nige I think we are in for a hard time, I hope we are wrong.

Hi Shiraz
I've had a share called Stellar who owned the gold mines in Wales for a long time so I've been interested in gold. They sold to Alba and I sold these when Covid hit, after yesterday looks as though I should have stayed in :((
Ggp dropped big time one day and I researched as much as I could find and bought in at 0.6p top sliced at 1.6 (what a prat) :))

Hi Nige
There are 2 knowledgeable posters on Jlp board but there are also some really nasty ones so I'm keeping away. Glad you made some with those