The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Not sure we can expect all the step outs to be great, but think they are generally angled back into the ore body, so should still hit mineralisation. Hopefully tho they can start to form a better picture of the size of the deposit. I personally hope that the report does suggest or allude to the size of the deposit. Even if it is very much an estimate, but from all the holes they have they could potentially give perhaps a minimum size of the deposit whilst also mentioning it is open at depth and to the north and south.
Nice find Spratt, I guess the outcome might also depend on Newcrests report, but it does re inforce the fact we do have a great management team, which is always a good thing, and to be honest they have been excellent. Good luck to them and us :)
I think Artemis are dreaming if they think they can just sit on their prospects and not drill them, which as we all know is expensive. Haveroin is an anomoly in the region and has an edge which Newcrest are looking for. I very much doubt this runs the 2km to their boundary.
Even if it did, then they would have to drill it before any of the majors would be interested. They are years behind us, and just hoping their land has gold in it at this point. Once Newcrest do start block caving Haveroin, which I hope is the case, I think they will have enough on their plate and enough material to keep Telfer running for the next ten years so any play they have may or may not come into force after that time frame, but in the meantime we have other tennaments in the area which we have known drill results for and ones we will have in the future.
wish my average was 1p, ive been here about 6-8mnth and my average is 1.9p, been in profit once for about a week. I think long term and in the short term we should do great, not wishing to moan and wake Bandit up again, but think we should be around 2.5-3p currently, and maybe we would be "if it wasnt for those pesky kids".
Ha yeah, well to be honest if this is as we all hope, you wont need them !! or the job.......
We should know more in a few weeks time but it should be good news.. 3 mil ounces is all we need.. Think we are there, but 5 would be nice, think there could be a projected minimum deposit value in the next Newcrest update.
Great work bye the way Paddy, your efforts are very appreciated. To be honest I dont know, but I think it depends if they actually find the "edge" They, in my opinion are looking to see how big Haveroin is. They know grades are great, but just how big. As Reddirt said a month or two ago, "its already big enough for Newcrest to mine". Which we all hope is the case, and Reddirt hasnt called it wrong yet.
So I'm not sure I can honestly say another 10 holes would do it, unless they do find blanks, which is what in a way they are looking for. I believe what we already have is enough, but if it continues as per the step outs shown in the satellite images, then we really could be laughing.
All we can do is ride the wave. But again thanks Paddy you put more effort in than most. Cheers Dave (slightly drunk :) )
Warren Buffet, not someone I aspire to, but did say something I liked, he said investing is not just looking at the SP. If you believe in the company, project, then dont just look at the SP movements. Infact dont do that. Just buy it and wait.
Also timing, another guy, famous investor said he is always early in his investments, so he waits for 6mnths to a year before he invests after his initial idea to invest. I think we are early, but perhaps only 3 weeks early :)
I know lol, but if it gets proven up and Newcrest want to mine it then thats when its going to go. Thats the value of the deposit currently but until it gets mined its just a few holes in the middle of the out back!!