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Technical trading types and algorithms, how is that going to benefit anybody.

This share price is about right now for what we have at the moment.

Swazers says the volume needs to increase to get to 7.25p, that’s not going to happen at the moment. Most shareholders can see an uplift coming without any bunkum from so called chartists, most are in the back ground holding their shares knowing there’s a lot more to come. Some are buying when they can.

Algorithms, trading patterns they will be useless once the acquisition is announced.

But of course Swazers will come back and tell you he’s forecast it. It’s just a waste of your time, he just wants you to click on his link to gain tick ups.

My advice avoid.

What a load of old codswallop

I’ve always felt that Roger Mason pumps Minyari up.

Would they really build a plant with only 5 years of full production to go at?

Newmont/ Greatland have a licence running through the middle of Parklands. In fact it runs through the centre of the high grade geochem results.

If Parklands does come good and 100% Antipa, would they really send that ore 25kms to Minyari? A new road would be required when one runs right through it to Telfer.

A plant at Minyari will need a tailings fascility, waste rock mounds, camp and all the other infrastructure required for 5-7 years!

Parklands is squashed in between 2 Newmont 100% licences that have already been drilled.

Their cobalt resource might never get processed will reduce the gold eq factor.

Their 2.3moz resource has only 1.8moz eq indicated. No reserve resource yet I think this will end up just over 1m ozeq.

I don’t really think they are in a strong position.

The Telfer spoke doesn’t have to include others’ ore, there’s enough for Ggp on the Telfer licences

Hi Spud

Chicken Shack has gold ounces not many but the SRK consultants seem to think there’s more mileage there .

Newcrest have drilled either side of Parklands so must know what might be there.

Newmont resources report dismissed most of the surrounding anomalies to Telfer as they didn’t conform to their reporting standards. Ggp could quite easily update these and add them to their resources according to the Jorc standards.

Apart from Parklands, Chicken Shack they haven’t found much to report but very early days on Parklands A$5m could quite easily be spent there.

The Triangle anomaly looks a no no as it has heritage issues.

By February Ggp need to spend A$5m of drilling to gain 51% of the Wilki jv.

Minyari is not part of the jv.

We would gain access to Parklands, this could be on the southern zone of system which goes through one the Telfer licences and on up through Pjero(something like that), Chicken Shack, Camp Dome to Paterson 8.

Paying another A$44m to gain 75% seems excessive and not worth it.

Apologies Blue Toff

MC = market cap

T/H = Telfer and Havieron

My brain works quicker than my fingers 🙂

The Mine had 21.6mt as at Dec 23

Newmont are still mining it, I believe there is some sort of price adjustment to the buyer for the amount processed.

The latest satellite images are showing changes to the north end of the West Dome pit , this is shown in blue on the latest presentation. This is replenishing the stockpile of 9.6mt.

There was 11.4mt in the open pit, 1.6mt underground and 9.6mt in stockpile.

Shaun mentioned 30mt in stockpiles, I asked him whether this is included the Mine Plan tonnage. This means there’s another 8.4mt to be processed with grades not confirmed yet.

SRK reported the ROM pads had not been managed properly and need emptying , the grades there are variable and unknown. This could be the 8.4mt enough to keep one train going for another year.

The 21.6mt plan maybe down to 18-19mt by the time Ggp takeover.

The resource update is crucial to keep the plant going.

We had 30% of Havieron with MC £350m & 5bn shares.

Now we have 30% plus the cash to buy T/H

With MC c£650m with 10bn shares.

100% of T/H maybe £1.5bn with 13bn.

That’s still positive even with the extra shares and with the biggest gold miner owning 20%.

I would hope for at least 12p after acquisition.

Hi MH

Yes their figures are a bit over the top on my post yesterday I’m expecting 15-20p but without taking account of FCF.

They’ve not taking into account of the A$10/ ton payment to Newmont

Yes then Wyloo have an option on them

We definitely got it on the cheap but Newmont look to have struck a tremendous deal

I’ve been chatting this morning about potential value.

Charles Archer seems to have arrived at the same conclusion as myself and others but from a different angle.

This is my thoughts this morning

“12p could be achievable with all the assets in the sale process.

15p can be achieved if the resource growth includes:-

The 3 exploration targets in the open pits.

The 8.6m in stockpile good grades.

Main dome underground resource growth.

The VSC resource

The West Dome Deeps resource.

20p will give Mc of £2.6bn

This will be achieved only with a good reserve announcement from any of the above and possibly the Havieron 50% increase in reserves ( but this might come with the FS and mine plan)”

My figures look conservative compared to CA.

The GDXJ movements are now immaterial, for me it’s whether Newmont keep their 20%.

2.4bn x 6p c£144m

2.4bn x 30p c£720m

Could be a very shrewd move by Newmont.

The 2 adjoining licences to Woodlands have been granted according to Landtracker maps.

The other 4 licences to the SW one Ggp missed out on 2 have been granted and one is still outstanding.

The 5 licences at Yannarie are still outstanding

Looks like Antipa have surrendered 40% of their Tetris licence

Britain has been mining gold since before the Romans came!

From Paddy’s post yesterday you can see how close London Deeps are to Havieron.

I doubt very much it will be another Havieron that is so unique a once in 2 generation find was an early quote from someone.

Shaun is still excited by it even in September he said there’s still a lot to go at on Scallywag. He said earlier that even a half or quarter Havieron at Scallywag would be game changing.

London Deeps was found by the deep sensing magnetics tool and the forecasted depth may be just hitting the top of it.

I’m hopeful of something down there but if they do hit a quarter Havieron the options for getting at it are the game changer.

The Havieron underground infrastructure could be utilised at around 5-6 kms away plus a vertical shaft. Capex wise very low plus a plant at Telfer to feed too.

100% owned so no other company involved.

For someone to quote one of my posts and then criticise it with false information with no real knowledge , just shows he has obvious motives regarding this company.

Ggp are still drilling, these companies have to keep drilling that’s what can make huge profits. They don’t need to dilute they have a working capital loan in place.

Looks like they maybe on the second diamond drill at London.

Any hit will be another game changer.

Trippy that’s a blind statement, Ggp will need their own ore from wherever it comes. No big profits in tolling other firms ores.

Blackhills has a source there somewhere and so does PRE.

Given up 40% of the Paterson Range East, Blackhills still the same.

Similar to what happened on Budgiedown, the company didn’t issue news then either.