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Morning fellas,
Pretty bullish stuff from Sandeep at the NCM talkfest. Lots of Hav mentions and discussion.
A couple of points
1) I love the way he didn't include Havieron in the Tier 1 aspiration for 2020......which means he does....he just doesn't want to talk about it because he doesn't own it yet.
2) some folks here still garbing on about cashflow....they have reported 18 holes FFS across the whole deposit...they need to drill it properly.....remember this is early exploration...the fun bit and where you make your most money btw
3) Paddy top work again mate. some bold step outs on the Sat image......if any of this step out drilling comes home this puppy is 5 - 10Moz ein a heartbeat.
lets wait and see....reckon the next holes will come out soon.....they can't sit on them. ASX would make them release.
Cheers
CB
Hello Poms,
Well you guys continue to wet the bed every time greatland puts out news. Pretty hopeless but the gold companies have come back a bit here as well....NST and NCM off almost 20% from their highs.
Just money moving around....goes one way...comes back the other......thats markets for you.
I see we have picked up a resident guru and price predictor......Read the candles....boards like this are full of nonces like you.
who gives a monkeys if the gold price drops $60.....who cares if it goes to $1400......the Oz dollar will just move and GGP isn't a CF story anyway? its an exploration, resource in the ground story.....do you even know what you are investing in?
Charts are all well and good but what they have to do with a high alpha drilling story is really not much.
Focus on what NCM are drilling and stop sh*tting your daks every five minutes ffs.
Cheers
CB
Very aptly named mate..... were you working there first or second time Woodie Woodie went bust?
I worked in Wiluna for 10 years.....that was pretty ordinary
funny thing is Telfer is kinda neither the Pilbara or Kimberley.....it's just the middle of bloody nowhere!
cheers
CB
yep mining 24/7 365..rain hail or shine
exploration will take a break at some stage....yes GGP had to stop as no infrastructure.....not issues now
remember Telfer is basically a Newcrest FIFO town.....you don't just rock up...its in the middle of nowhere and on the road to nowhere.
Morning Poms, unlucky on the rugby, safas played a blinder.
right total horse manure its too hot to work....work continues all year in the Pilbara....and yes its bloody hot.
where it get fruity is telfer cops a rainy season 4-6 weeks in jan (tail end of northern monsoon).....not always but sometimes. the only settlement is telfer so with NCM now doing the drilling the crews can just retreat to base if a big wet is on the sat image. they may well take a breather at some stage but that is their call.
as for that other bloke you are all talking about...his coin, he can do what he wants with it.....all i know is i wouldnt invest a single Rupiah into Indonesia....every roundeye that tries always loses their shirt.....has and always will be that way.
go to indo for a holiday but not for business.....every aussie knows that.
cheers
CB
Gday all
Seems the AIM market is fleecing GGP for the minute. Seems very odd.
Hey Jerry I just had a look at that EUA stock as have reviewed a few PGE projects in my time.....as they say in Australia f*&K me.
Its an alluvial project and an undeveloped low grade PGE project in Russia mkt cap £100m....stock might be goin up but wouldn't touch it with a barge pole...with all them oppies been exercised looks like a stone cold pump and dump to me mate.
GGP is the real deal in a real country.
Cheers
CB
gday all
well looks like you poms have wet the bed again.....constant doubting the results and some of you no idea of what investing in exploration companies is about. there are some informative posts here by paddy and his mates...this is a simple story....dont over think it.
newcrest must be laughing.....ggp just gets better and more vulnerable.
cheers
CB
BTW the link is a just a generic example...this theory of exploration investing has been around for donkeys...I dunno who Peter Spina is other than a flash suit wearer.
Cheers
CB
evening all,
Firstly well done on Rugby.....fair play you played fantastic and the kiwis just never showed up. Outstanding.
Seems to be a whole load of stuff flying around here amongst you all.....some of it on the money and some not.
I think some of you need to understand how to value gold exploration companies a little better (see link below). We are in what is usually the best part of the cycle to make outsized returns....the speculation phase. All this rubbish about no value till Proven reserves and cashflow are getting way ahead of yourself and those are for the lower return lower risk part of the game.
We are drilling (well NCM are) and by doing this finding out how big this thing is gunna get. The ounces aren't just going to disappear so dont get caught up on proven reserves just yet....that comes later.
We have stellar results that now have the largest gold company in the land drilling with 6 rigs and spending up to A$100m.....also remember NCM put Havieron front and centre of this weeks report.....so not only do they like what they have seen but they also have seen (but not yet got all the assays) ...
think about it fellas...they already have the core for Holes 19 - 27 (28-33 underway)...the mineralisation is VERY visual....you can see the Cpy/Pyy and Py (sulphides) that carry the Au/Cu mineralisation.
So if 19 - 27 visually looked like duds do you reckon NCM would still be blowing the Havieron trumpet so loud?....No of course not.
Now some holes will hit it and some will miss...however the hit ratio has thus far been far better than I wouldve expected.
Paddy outstanding work on Sentinal Sat image.....never knew about that but will use in future...thats real data that show they ARE drilling fron the further West back East....targeting mineralisation below HAD014.
Ive been in this industry for over 25 years and worked on/reviewed maybe 100 gold projects...this one is very special.
So dont confuse MM and day traders with the real story that huge value is being added and eventually the SP will reflect that....like i said if GGP was an Oz listed stock it would be 3 X or more on todays sh&t AIM price.
http://news.goldseek.com/PeterSpina/1500580800.php
What a load of manure
what you think the drilling results are going to vanish? confirmed resources? what are you on about mate?
drilling confirms resources......what do you think will happen with the drilling to date? its just going to disappear?
the whole point of gold is you get value for drilling and make most of your money during this phase of exploration
except in this case where trade is just a bunch of daytraders blowing their brains out over 2% moves and buy/sell shenanigans.
are there no investors on AIM? seems not
buy the value fellas
Best
CB
While im here once again I read some stone cold horse manure.
the results are stunning....hence why NCM keep crowing about them....largest gold producer in Oz but somehow not good enough for you lot in London.....go figure?
A dozen more holes already at the labs and a few more underway, 6 rigs confirmed and in the last 6 weeks looks like they have banged away bigtime as we now have gone from 18 to 33 holes.....must have a truckload more data and done some step outs.
interesting it is multiple vertical lodes....4 to date...any one of many big step outs could blow the lid off this thing....drill from the west back parallel to HAD 14 and you got a single hole that could add over a million ounces...or more.
you jokers would probably sell on that news too ???
Cheers
CB
Just got up to see what GGP closed at....
Fcuk me you poms are about as good at Brexit as you are at Western Australian T1 gold discoveries.
What are you lot up to? Do you have any idea how good these (and all to date) numbers are? who/why is there so many people willing to sell at these $h*t prices?
jesus wept
yeah but who cares anyway
short term annoyance for long term gain.....enjoy the ride and enjoy the money
Hi All,
There is no other game in town for Telfer fellas. The mill is a beast....12mtpa....needs feeding from a monster deposit to run efficiently....Hav is all we know about.
Some accurate points earlier about Telfer write down/shut down cost....they would be massive as well as rehab, redundancy etc.....
make no mistake, Nav has a lot more going for it than just itself.....Telfer is a grand old lady in need of a revitalisation. You have to consider these issue in the round when assessing whether NCM will buy GGP....which in my book is a an absolute no brainer.
1) Telfer in need
2) Huge potential at Hav
3) no block shareholders to placate
4) Huge company with cash to spend
Ive put a substantial bet on this....dont expect to be proven wrong.
If this were listed here it would be 3 x current mkt cap. but thats why I get up in middle of the night to check the price.....seems a price worth paying.
Cheers
CB
Day All, well done on the rugby....good luck beating the All Blacks.
See some of you don't understand the difference between Geochem and drilling.....Geochem uses techniques designed to find very small amounts of gold that may be chemically spread into adjacent unmineralised rocks and soil.
PPB measurements can be very significant in terms of honing in on areas to drill.... so can some of you stop taking out of your behinds because you have no idea what you are talking about.
Just another step on a pathway for this early stage project....everything is a bonus onto of Hav
Cheers
CB
got another 1.5m on close
back to bed poms..thanks for the stock
not long now till news
Cadia going to 33mtpa front end.
NCM are a company on the go and could/will gobble up GGP without touching the sides.
Cadia Expansion, Telfer extension, Alaska and aisa.
Sandeep knows the path.
Hi All,
Mate what a load of rubbish. Artemis results (if any) would enhance our attractiveness as a whole regional play would be confirmed...doesnt dilute anything.
As I said some time ago we are expecting some red hot drill results soon, why do you poms keep ruining the share price?
You lot are very short term!
cheers
CB
Paddy,
Good work mate. in a very simplistic way that is exactly what NCM will be doing. i remember back in the day building resource models with Vulcan (showing my age) and Micromine and it all starts with importing drill strings, data and building mineralised shells (polygons).
what your work shows is the huge extent so far (v early days but insane intersections) and the potential to grow to 10Moz++ plus (IMO). ignore the noise fellas and stick to the facts....and Paddy is presenting facts.
Keep up the good work , afternoon all.
best
CB
yes there re a hell of a lot of rumours doing the rounds in Oz....the Paterson is potentially the most important new regional play in many decades!!!! since Telfer was discovered.
You blokes still don't seem to get it! ; )
its early days on geometry.....people assuming all sorts of things but one rumour doing the rounds is Newcrest have stepped out to the West and drilled back east....I don't know if this is true or I they found anything but your sat image suggests its possible as there is a blob that looks like a pad/sump out there to the west some 100/200m away!
As I said lets see but would suggest Newcrest think they know something we don't!
Cheers
CB