Member Info for BigEvi

Newcrest shareprice is under pressure and shareholders are moaning - they need good news so I expect they will release interim drill results to show how things are progressing towards saving Telfer

Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:

“This investment will allow the KML team to progress exploration and prove up other targets at KIT-E, Kit-W and OCP, and also increases Metal Tiger’s exposure to the highly prospective Kalahari Copper Belt, which currently includes our interest in KML, as well as in Sandfire’s T3 Project and A4 Project, where MTR has a capped US$2m NSR and a 2% uncapped NSR respectively.

“In the context of our expectation of an increasing global requirement for copper production, and therefore exploration, we expect the Kalahari Copper Belt to become an increasingly more valuable area to be situated and are delighted to increase our interest in the area.”

It’s just starting to get serious:-
Did you see who was asking questions about Haveiron last night
Newcrest talking about planning for an incline
Drilling next targets in March - due RNS giving exploration details
Newcrest NEED Haveiron and will be very keen to secure it
Talk it down all you like the above could happen anytime and traders will be locked out
SIMPLES

Can we please put this Artemis thread to bed. In reply to the ASX forced trading halt the directors replied that they new of no reason for the rise apart from being next door to ggp land. The suspension has been removed and shares are now trading again in Australia and were down 21% last night.
1. Do you now any reason for increase in share pice - no
3. If the answer to question 1 is “no”, is there any other explanation that ARV may have for the recent trading in its securities?
ARV has ~605 km2 in the Patersons range with gold and copper targets 40km from the Telfer gold mine and surrounding the Havieron discovery being drilled by Newcrest. Newcrest have a farm-in agreement to Greatland Gold’s Havieron project. The Greatland Gold (GGP (LON)) share price has risen ~160% in the last month.

88 Energy Limited ("88 Energy" or the “Company", ASX:88E, AIM 88E) is pleased to provide the following update related to operations for the upcoming Charlie-1 appraisal well, on the North Slope of Alaska.
Highlights
• Ice road now >80% complete
• Permit to Drill approved for Charlie-1 appraisal well
• Spud on track for late February
Detail
The ice road to the Charlie-1 location is now >80% complete and expected to be finished in the next two weeks. Ice pad construction is due to commence shortly and mobilisation of the Nordic Rig#3 to site should begin in approximately 10 days. Consequently, spud of Charlie-1 is anticipated in late February.
The Permit to Drill was approved on the 11th February and all permits required for drilling of Charlie-1 are now in hand.
A presentation detailing the drilling timetable and testing program will be released to the market prior to spud.

Thanks for your advice earthing but I’m not ramping any other share ( have a look at my posting history)
I’m pointing out that Artemis ( who has land adjacent to ours) have no reason for increase in share price apart from being next door to GGP
Great news for us - take care :)

This is Artemis reply to the trading halt -

3. If the answer to question 1 is “no”, is there any other explanation that ARV may have for the recent trading in its securities?
ARV has ~605 km2 in the Patersons range with gold and copper targets 40km from the Telfer gold mine and surrounding the Havieron discovery being drilled by Newcrest. Newcrest have a farm-in agreement to Greatland Gold’s Havieron project. The Greatland Gold (GGP (LON)) share price has risen ~160% in the last month.

Whilst clearly at some stage we will take some profits we believe that the Greatland story has a long way to go from here. There is still a large amount of important drilling to be released to the market and judging by the comments of the CEO of Newcrest in their recent reporting they like what they see so far.

While we hope Havieron on its own may well prove to be a +20Moz Au deposit (which would imply the Greatland share price has a long way to go), we also see a huge amount of potential nearby in areas not subject to the Newcrest Joint Venture. Interestingly, Newcrest published the first iteration of a geological model recently for Havieron that in our opinion opens up the whole sub-region to similar prospectivity. Should drilling at Scallywag or elsewhere nearby turn up similar mineralisation to that at Havieron we can easily see Greatland's share price appreciating significantly.

It is our contention that the Havieron sub-region is possibly a whole new Gold/Copper province of industrywide significance. Work by various companies over the next 3-6 months should go a long way to proving or disproving this theory.

Prop5 hope this helps explain :)
What to expect from Newcrest results on Wednesday the 13/2
Newcrest Full Year Results June 2019
This was the information on Havieron that was contained on a 1 page spread within the June 2019 report ( there was also a diagram showing the drills / angles / grades etc) . The JV hadn’t long started. I wonder what they will say on the 13th :)

Havieron – Opportunity for Telfer
• Farm-in agreement on the Havieron tenement with potential to deliver high grade ore feed to Telfer
• Newcrest to manage the exploration program
• $5m minimum commitment over initial 12 months, with potential to earn 70% JV interest through expenditure of $65m over a 6 year period
• Option to earn an additional 5% interest at the end of the farm-in period at fair market value
• If successful:
• Ore to be trucked to Telfer for processing
• High grade ore could extend Telfer’s life and lower its production cost per ounce

Can’t wait for Wednesday night :)

This is an interesting bit -
“• $5m minimum commitment over initial 12 months, with potential to earn 70% JV interest through expenditure of $65m over a 6 year period”

$65m spend over a six year period.!!!!!!!!
It looks like that $65m plus will be spent in the first 12 months :)

Newcrest Full Year Results June 2019
This was the information on Havieron that was contained on a 1 page spread within the June 2019 report ( there was also a diagram showing the drills / angles / grades etc) . The JV hadn’t long started. I wonder what they will say on the 13th :)

Havieron – Opportunity for Telfer
• Farm-in agreement on the Havieron tenement with potential to deliver high grade ore feed to Telfer
• Newcrest to manage the exploration program
• $5m minimum commitment over initial 12 months, with potential to earn 70% JV interest through expenditure of $65m over a 6 year period
• Option to earn an additional 5% interest at the end of the farm-in period at fair market value
• If successful:
• Ore to be trucked to Telfer for processing
• High grade ore could extend Telfer’s life and lower its production cost per ounce

This was the information on Havieron that was contained on a 1 page spread within the June 2019 report ( there was also a diagram showing the drills / angles / grades etc) . The JV hadn’t long started. I wonder what they will say on the 13th :)

Havieron – Opportunity for Telfer
• Farm-in agreement on the Havieron tenement with potential to deliver high grade ore feed to Telfer
• Newcrest to manage the exploration program
• $5m minimum commitment over initial 12 months, with potential to earn 70% JV interest through expenditure of $65m over a 6 year period
• Option to earn an additional 5% interest at the end of the farm-in period at fair market value
• If successful:
• Ore to be trucked to Telfer for processing
• High grade ore could extend Telfer’s life and lower its production cost per ounce

MTR
@metaltigerplc
Simon Thompson of Investors Chronicle spots the clearly undervalued Metal Tiger + awards the company a Bargain Buy Rating "...there could and should be material upside in Metal Tiger's shares in the coming year, and beyond". https://tinyurl.com/tnva3we

I think the finance will be transferred for a cheaper deal once production levels are confirmed hence MM mentioning 2 quarters of increasing production.
The doors will be wide open for cheaper rates and 13% will be a thing of the past . The business case gets better and better

It will be interesting what they say about Hav as NCM shareprice has been under pressure and they really need some good news - I hope the great news is HAV :)

If you read the RNS of the 17/12/19 it explains the financing arrangement using some if the Sandfire shares. Relevant part is “ borrowed A$8,174,610 from the Lender secured on the combination of the above with a maturity date of 16 December 2022 (the “Loan”).“
So MTR already has the funds and the board will use them as they seem fit - it doesn’t matter what price sfr shares are.
Hope that clarifies things :)

Michael Masterman, Chairman of W Resources commented: "This will be W's second tungsten mine to come on stream, following the start of production at La Parrilla at the end of last year. It's great to kick-off mining and development of Régua, where we see significant synergies between La Parrilla and Régua with materially lower capital costs at the Régua plant site and increased La Parrilla final concentrate production.

"The trial mine development of Régua adds significant value to this important Portuguese tungsten mine and de-risks the project while at the same time initiating first Régua tungsten production. The development will have a positive environmental contribution with the progressive rehabilitation of an existing quarry and will create jobs in the northern region of Portugal.

"It was important prior to the commencement of initial trial mine operations to update our resource estimates and it's pleasing to confirm indicated resources of 3.74m tonnes at 2,800ppm WO3 which is nearly 3-times the grade of the La Parrilla deposit in Spain. The initial 4-6 months of mining will provide the additional information to assess reserve estimates and the results from the trial mine will feed into full mine production. The technical information gained in the trial mine phase will allow us to evaluate if we build a larger scale plant at Régua which will yield costs reductions or alternatively continue with the production of intermediate concentrate production and processing at La Parrilla. Mining operations and associated optimisation will be enhanced through this trial mine phase."

La Parrilla has continued to increase production going into the New Year with initiative to increase production rates being rapidly implemented and due for completion in February. W Resources has moved to full quarterly production reporting and will provide a full update in April following the close of the March quarter.

Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:

“We are delighted to report the commencement of the Perrinvale Project diamond drilling programme, in Western Australia, where Cobre is targeting volcanogenic massive sulphide prospects and extensions to the high-grade base metal and gold drilling intercepts they made during June 2019. We look forward to further updates from Cobre as the work proceeds and when assay results become available.”

Warrants are normally given as an incentive when a company is raising cash eg one warrant for every two shares or 1 warrant for every 10 shares applied for etc and the price/ expiry date can vary as decided by the company
You normally apply for the shares when invited to by the Broker who is organising the fund raise on behalf of the company