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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.
cheers
CB
Hi Fellas,
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.
Best
CB
Evening fellas,
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.
Best
CB
Hi Fellas,
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.
Best
CB
Hav is a mine!
Evening fellas
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.
Cheers
CB
Hi mate
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.
Cheers
CB
company as a whole mate
best
CB
pardon the typos btw..had a few cold ones
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
CB
Gday Paddy and Co.
Well I've slept in more Dongas than I care to remember and visited dozens of exploration camps across the world...but christ they are doing civil works, 3 phase power, plumbing etc.
You don't do that unless you expect to be there for a very long time. In fact I reckon this camp will become the development camp when they commence the exploration decline.
Especially when there is a huge camp/town only 40k's away....this thing is permanent and much of it is jacked up on stilts incase of rains so i reckon they will keep drilling through the wet seasons.
Havieron is a mine.....simple as that.
Cheers CB
Hi Poms
Jeez some of you wetting the bed about small share trades. who cares.
Next batch of Hav results due soon and I reckon the full potential of Hav in terms of size and grade will dawn on london and your dopey share market.
I just dont think many of you appreciate how big this puppy could be....as always watch the facts and not the noise!
best
CB
Hey Paddy
short answer is Hav, like Telfer will be volume game. Higher grade (possibly +3gpt) is all well and good but what actually matters is an average grade over vast tonnages.
Every Mill, and Recovery Circuit/s is "tuned" to a blended grade. This can be both feed and grind size; Gravity, float and CIL/CIP set up as well.
Cadia is a fantastic example of this.....overall the mined grades <1gpt are nothing flash at all.....but look at he volume economic outcome of $132/oz AISC is gobsmacking!
The world of underground mining has changed and the economies of Block Caving is something id never thought id see in my lifetime.
Havieron will have the best of all worlds, high grade to blend with low grade to give a constant feedstock over any years and 10s of millions of tonnes!
More I think and look at those Sat images the more I'm convinced she will be in the 10Moz ++ category.......you blokes just need to keep cool and watch the facts and not the noise.
Cheers
CB
Garbage mate
The problem is shareholders keep wetting the bed and cant see what is before them! You don't need a PFS to tell you....look at the drilling!
Cheers
CB
Gday Spratt
Nah the reason it takes another 9-12 months it that they only just started drilling!
18 holes in total reported on Hav. Give them time to drill FFS, its only just begun....they have no idea what where it starts and finishes....this is the fun bit mate
as evidenced by the huge step outs....we will know very soon however if this is 5, 10 or 20Moz.......sit back and chill
this is where we make our money....so you poms just keep cool and look at the facts before you.
cheers
CB
Cheers Paddy
Well mate all i know is if a step out drill hole hits nothing you don’t start drilling a whole lot more around it
Looks like they setting up for a huge programme to the west
Jesus this could be bigger than I ever thought!
Look at the facts before you fellas...the sat images don’t lie!
Cheers
CB
Hey Paddy
New Sat image today......new hole on the SW step out clearly visible.
Bit late to stay up and go over in detail but have a squiz and let me know what else you notice will you mate?
Cheers
CB
Morning lads, golds weak here again in oz....the big boys that is...NST hammered in last month....no real reason...most odd
Reckon NCM will be hangin out for some good news...Hav can deliver it
Yeah Spy this FMG deal is $6m all in...the GGP deal is $100m all in.
big dif indeed.
Cheer s
CB
I used to swag out with the drillers in the dunes mate.....thats the bloody Taj Mahal!
Yeah decent and they adding to it on the left. with 6 rigs would need a decent number of dongas and kitchen and set downs. doesn't appear to have a core shed yet....prob trucking straight to Telfer for that.
Telfer only 45min away but they seem very committed to keeping site separate.
prob a little early for an exploration decline imo.....400m of cover may sound like a lot but it really isn't. especially when mineralisation is then 600m+ from then on.....the pay meters are high relative to the barren ones.
reckon they will keep hammering it from surface for a while to get basic extents.....then decline to do indicated resource and reserves thereafter.
Hey Paddy
have a quiz at the camp to the west of the drilling....change the date of the image....they been busy building in the last few weeks!
you don't do that if she's a bust do ya?!
Cheers
CB