RE: Heading to 25p+ and beyond - HIstory being made as we speak11 Mar 2020 16:04
It’s simple here
Sandip ceo Newcrest:’ These grades are amongst the most impressive seen in recent history and we are very excited about the potential to bring these ounces into production as soon as possible’
—>still got 20000 meters drilling to go
-> we haven’t even started the north west region
->rigs have gone up from 4 to 8 in last 2 months
-> 25m brought forward budget
-> Sandip of newcrest has focused so much on havieron as their prime exploration and future of their new era post telfer
-> newcrest will want something as long last and bigger as telfer so will imo want something at least in the 15-20m oz level
-> expediting to get to maiden resource estimate
->mining permits being sought
In addition we’ve got other licences which gervais has said
‘ many of which display similar geophysical signatures to Havieron, and drilling of these targets represents a strategic priority’
-> other licences have similar characteristics to Haverion
->this could be round 2,3,4 and we could have more havieron style deposits on the portofolio
All in all we are just starting the rise here - numis did an self admitted Conservative estimation of the resource at 5.5 MOZ at 6p -Based on info in December and we’ve done 10000 meter more drilling I reckon we’re at 10m oz right now
And I can put money on it so really should be headed to double digits at this stage and we still undervalued as we’ve got so much more to go
Just relax and hold for gold :))