Just had a week in Bali with the fam. Lots happening whilst ive been away, hundreds of posts! Landed back in PER and its 38c and dont forget Telfer is some 2500 K's from Perth. Ill try to catch up on al the info but once again great work Paddy as always mate! that time lapse was unreal.
Looking at the sat seems they have drilled a whole line of holes now in the SW and dont forget they are drilling to the NE from those pads.
have a look at the Red Chris acquisition......this is how it all works mate.
You are confusing an INTERNAL FS work with an external FFS. Of course any company will do internal work on all aspects of a project...but we are not talking PFS and FFS in terms of bankable. Have a squiz of the notes to page 1.
1 Stage 1 of the Cadia Expansion Feasibility Study has been prepared with the objective that its findings are subject to an accuracy range of ±15%. Stage 2 has been completed to a Pre-Feasibility Study level with its findings at an accuracy range of ±25%. The findings in the Study and the implementation of the Cadia Expansion Project are subject to all necessary approvals, permits, internal and regulatory requirements and further works. The estimates are indicative only and are subject to market and operating conditions. They should not be construed as guidance.
mate how is it repetitional damage to own 100% of the deposit that feeds you enormous Telfer operation?
most junior exploration companies dream of getting taken over by the likes of Newcrest.
that's how the whole industry works.
No way NCM will want to 70% account for production at Telfer when for bugger all (for them) they can have 100% and all the rest they can keep or flog off.
Be in no doubt.
No there is at least one new sump in the central section. Just had a thought, they may well be fan or directional drilling up on the Northern step outs now they have swung the drill direction around to the SW-NE.
Reckon Ruiz gunna win this fight.....if i can stay awake long enough!
You can read the details of the deal on the company website....do you think a $100m farm in and toll treatment for a $2b+ plant is a rubbish deal?
Deal of the decade in my books...no one in industry thinks differently either mate
Problem is your joke of a stock market that thinks small scale alluvial PGE in russia (laughs) is worth more than Havieron in WA
now thats rubbish
Right dunno who is talking out of their arse but it doesnst take 10 years to develop a satellite UG gold mine ?
Total horse manure......will take a few years max....telfer needs the ore NOW....
I think some of you are confusing a "total" block cave" in place compared to a partial. economics drives the decision and you would do a partial and get feeding asap.....just like at Cadia.
BTW NCM comment about open to the north is BS.....its open in all directions but hey, its not in their interest to pump it up too much is it....especially when they will be buying GGP in the next 6 months.
Ive never seen a project more greenlighted but still your AIM market seems to ignore it....most strange.
PSS - to the bloke that PMd me about Eurasia.....on a quick scan....arguably the worst pump and dump ive seen...alluvial mom and pop operation in Russia and few mill ounces of PGEs in the kola peninsula.........spare me.,.,,laughable.
Well some interesting snippets there. There have switched drill directions to NE-SW....explains the clusters of drill sumps to the SW, NW and N...they are following it in a NNW direction as evidenced by HAD023
Point of order....HAv is not "closed off" in any direction.....its open to the W, E and N and the south may have been faulted off but they need to test beyond that as they may very well pick it up again offset.
Havieron is open in all directions.
Also the ordebody is spatially related to the bullseye geophys target but isnt defined by it. hence it does and will keep going way off the bullseye which only outlines the head source (granite and assoscited sulphides but the mineralisation is remobilised into NNW-trending massive lodes.
Hence why Hav wil be 20Moz IMO.
Just to be clear to some of you that dont understand. They already have enough data to do an inferred resource but because its stil open they will keep drilling to see just how big it is.
The ounces are already in the bag! NCM have been incredibly frank about HAV going to telfer in numerous public statements.
Once in a decade opportunity being spoiled by AIM/MMs...hold tight.....will give way to reality eventually.
Well Im not sure what more the London Market really needs on this one. HAD 020 and the northern extensions are right in the pickle barrel. Incredible that the hit ratio is so high on this one, she is really hanging together and growing in huge increments as each hole hits massive widths.
If those SW and NE and N step-its hit pay dirt then maybe its bigger than even I reckon it will be.
TBH Ive never seen gold stock so out of whack with its value in Australia in 25+ years in the industry.
What more can I say, its all there in black and white (and gold) yet the SP is lower than it was a month ago.
probable 20Moz deposit, no dilution and a huge plant 40ks away......does it get better than this? not sure it does.
Well blow me down they are some really important holes that came home!
Congrats Paddy and all you blokes for having the balls and smarts to do the work in a crap mkt. Everyone "gets" Hav here in Oz but I understand its slow to catch on in blighty.
I will have a good squiz and put together some thoughts tonight to share with you but jesus wept this thing is bloody huge and the grade-continuity is better than I expected. Seems the enormous "low grade ; )" envelope is circa 1gpt and 0.5% Cu......thats just f**n nuts fellas.
Im saying 20Moz potential now.....wont be less than 10Moz...the Gram-Metres are off the dial and the step outs show the limiting factor is NOT the geophys anomaly.....it extends beyond that....what we call geologically unconstrained.
Some good stuff there. yes the new scanners are insane. Dont forget the mineralisation is very visual and combined with Niton XRF machines they will have a pretty good handle on things well before Assays come back.
Reckon we will get the next set of assasys this week so should be a huge week for Hav and the Paterson Province......sit back and enjoy fellas.
buying the whole of GGP would be much cleaner and with no major shareholders to negotiate with they could steam in with a low-ball bid and the retail lemmings would sell into it.
the sad reality really is when (and not if IMO) they will steal it....and why not......if shareholders are prepared to sell their stock at 1.6p then 3p is more than fair.
Just been watching Warner get a triple tonne!
Lads you have missed the point here a bit.
The camp "3.0" tells you all you need to know. You don't build that if you dont think you will be there for a long time. NCM would be onto holes in the HAV050's by now and the mineralisation is very visual. Any you got hand held NITION XRF as well.
Ive been a geo on 5 exploration projects that have gone from first drilling to production. Surprisingly quickly you have a handle on whether it will stack up. NCM know this will stack up IMO, just a matter of how big.
Im everyones mind when you are working on a project you know what you need to see for it to be a probable gooer....grade, tons, continuity etc. All of this referencing back to Capex opex assumptions and infrastructure requirements etc.
Back of the fag packet calcs are usually pretty accurate in our game! The project Geo, his boss and a small team will be constantly discussing on site where they think they are and planning drilling based on the recent holes and a moving geological model.
Yes there is heaps of work to do before you get to an "official" decision to mine...resource/reserve drilling, geotech, approvals, capital/opex estimations (internal in this case because NCM is so big and self funding
in form of DFS), permitting etc.
Yes its still very early days BUT the geos and management have a clear idea in their minds of "will this thing be a mine" and they are very likely already there. Makes a bit of a mockery of the science that goes into the rest of the process but that the way it works fellas.
If HAV had "not held together" then there is no way they would be spending the money they are and putting down roots at HAV. Simple as that.
Yes this is definitely the phase of early exploration that delivers the most value and we wont be around when the decision to mine etc is given. NCM will have bougt us long before.... But you need to read what is being told to you by NCMs actions...perhaps if this were better understood the SP would be such a bad joke.
Hope this makes sense