We would love to hear your thoughts about our site and services, please take our survey here.
Labs open mate, never closed.
Labs are deemed essential services. The results we will get in next week or so will be from holes drilled last year and in January.
FYI WA talking about "opening up" as cases and deaths are tiny. take out a few stupid cruise ships and actually non existent.
Cheers
CB
GDay mate
You just drill at a steeper dip angle from the same pads if you want to go under it or move a very small distance. Moving that far back generates unnecessary and very expensive meters and a shallow angle hole is hard to torque control.
night all and what an update
Cheers
CB
No mate. My source is out in the bush so no update!
Dont forget fellas we have had Qtly exp reports at early as the 24th of the following month before so not long now.
Sat image will be telling once again
Cheers
CB
sorry my comments got merged with text??
GDay Mickey,
Im afraid Vanya has zero clue. The size and grade are easily able to sustain long term production.
It is utterly irrelevant that NCM explored the area in the 1990s/2000s. Telfer had large reserves and the POG was US$275/oz and bulk UG mining hadn't been invented and drill rigs could barely go beyond 500m and its not too far from infrastructure.
complete rubbish article.
CheersCB
And here are the reservations. Though as part of its exploratory drilling Greatland Gold found an even richer deposit containing 4.77 g/t of gold, it is a question of whether the deposit is large enough to sustain longer term production.GDay Mickey,Im afraid Vanya has zero clue. The size and grade are easily able to sustain long term production. It is utterly irrelevant that NCM explored the area in the 1990s/2000s. Telfer had large reserves and the POG was US$275/oz and bulk UG mining hadn't been invented and drill rigs could barely go beyond 500m and its not too far from infrastructure.complete rubbish article.CheersCBIt is telling that Newcrest itself explored the site in late 1990s and early 2000s but didn’t proceed with any projects. The mine is still relatively far away from any export infrastructure and the end product will be the relatively cheap gold-copper concentrate. There are still to many ifs and maybes in Greatland Gold’s proposition to comfortably declare this a buy.
gotta a few reports to write but fellas the reality is the GGP board dont have to agree to anything.
a unrecommended (by Board) bid to shareholders would go through as the register is wide open.
key is getting SP up before that happens as would be about a 50% premium to SP. standard public company stuff.
cheers and spot you all tomorrow.
CB
they will just buy the whole thing. get all the ground.
GGP register wide open mate. they will have a run sooner rather than later IMO.
then they can consolidated account for the resources much more easily. zero need to have a minority partner especially when telfer is 100% ncm.
they dont have any minority partners in Oz.
red chris they do but that is a new buy and they need a local presence as a new jurisdiction for them....may change once they bedded in.
its not if.... its when.
Cheers
CB
mate well could be a few things.
1) Make sure there is enough liquidity should ops be closed...tho seems less likely now as Oz seems under control and dvi may be postponed. Free cash generation must be though roof too!
2) Use cheaper debt to pay down any more expensive debt they may or may not have (capital management)
3) Bolster liquidity in advance of buying GGP.
Gotta be one of those 3 mate.
CB
BUY not By! facepalm
yeah sorry bout the typos and i for any resource geos out there I know Ive simplified things but thats a snapshot mate.
there will be plenty of figures to bounce off....and they will be huge. I have no doubt Hav is 20Moz or more. just look at the gramx meters over those intercepts and the lateral extent.
you actually don't need to be a rocket scientist to come to that conclusion.
Cheers
CB
Hey mate
Not that simple. A resource will comprise two elements, inferred and indicated. Indicated is a higher classification and based on drill density, the type and style of mineralisation and a whole bunch of statistics and maths. Inferred is on the way to that category but will need more work.
you then got to measured/reserve which typically has a higher drill density and will include geotech info and basically this is what you are going to mine first. there is usually a conversion factor that say how much of this you will actually mine as this allows for current pricing, internal dilution, mine plan (ie what grades you wnat out and when to optimiise the plant and give constant feed parameters, geotech etc.
you dont drill the whole thing out in one go to the highest classification. reason is you dont have to. may have a few years of reserve in front of you at any one time. thats just a capital management issue.
remember resource and reserve are economic considerations. you pick grades and cut offs that are in and around what you know should be economic over time. if something changes dramatically price wise you may take more or less material.
feasibility studies are to a various percentages but again are moving feasts. for Hav itll be internally funded and to a NCM committee level. thats all. an independent valuation would be done by an external consultant but NCM will by all off GGP by Q3 anyway so that academic.
Cheers
CB
Yeah mate unfortunately in this modern age of compliance and regulation analysts arent allowed to really have much of a view, rather a re state of the info to date.
shame as am mates with a few top class mining analysts in Oz and UK and its just a dying art. All about assessing iron ore production costs of BHP v RIO and bugger all about fun stuff.
Cheers
CB
Mate
Numis are like/are instos....they will need to wait for resource as well.
Their price target till then is meaningless because it cant draw conclusions that are patently fact.
cheers
CB
Fellas,
There seems to be some pretty confused people here. A resource estimate is a resource estimate.....your drilling and the gold you discovered already doesn't run the risk of disappearing before that is published.
Put it another way, some of you blokes seem to think there is a risk that that between now and the initial resource something might happen and itll all just evaporate.
just because stupid instos have rules that say (cant invest pre-resource) which many/most do now, doesn't mean there is "nothing" till that resource is delivered.
Hav initial resource will only cover a small portion of the known mineralisation and in turn that mineralisation will be open in many directions still.
All this bed-wetting about MRE and im gunna sell til that comes out is pretty pathetic. If thats how you invest then just by a tracker fund or gold etf FFS and take your 2% p.a. return after fees.
the facts are in front of you, why get your knickers in a twist and doubt what is plainly factual.
As always facts not noise.
Cheers
CB
pulled out of a $100m farm in option in the US.......reckon they concentrating all efforts at Hav.
GFG RESOURCES - ADVISED BY NEWCREST RESOURCES OF ITS DECISION TO WITHDRAW FROM OPTION & EARN-IN AGREEMENT FOR RATTLESNAKE HILLS GOLD PROJECT
GFG RESOURCES - OVER COMING MONTHS, WILL INITIATE A STRATEGIC REVIEW TO IDENTIFY BEST PATH FORWARD TO ADVANCE RATTLESNAKE HILLS GOLD PROJECT
Paddy mate have a look at the Eastern most track that runs N-S.
a drill pad has appeared just below the Orange sand blob that itself sit below the dune ridge.
its the equal Eastern most hole so far.
Cheers
CB
Gday fellas,
Ill let paddy weave his magic but f*&K there are a whole host of new holes.
New ones near the NW-most hole, new ones near the NE most ones, a new central east one and several new ones in the far W/SW to the W of the huge step out we saw last one.
Something is up.....yeah could be decline drilling but they aint gunna build 3 declines.
I reckon Havieron just got a whole lot bigger.
Cheers
CB
No mate
Simple trucking from Hav to telfer ...no need for any conveyors
decline will be about 1 in 7 with loop switchbacks
portal will be about 1.0km from deposit (exploration not development one)
cheers
CB
GDay Paddy
mate could be a sterilisation hole but several reasons it may not be. Its very early to be starting that work and holes seems too close to mineralisation for decline drilling.
Remember only a couple of holes blanked to the south doesnt mean its closed off. horseshoe is a working model not a definite fact.
why not come in from the due West to know you arent in it? I reckon its an exploration hole probably because they have identified the horseshoe has been faulted off and or they got an off hole DHEM or IP conductor.
Could be wrong fellas but hard to believe in March they would be doing sterilisation drilling for December when they have such flimbsy understanding of the limits to the extent of this bad boy.
Bloody pumped about this one
Cheers
CB
Gday all
should get an image on Sunday Paddy. only passing could.
tell ya what if those step outs to the south get more in number this thing could blow roof off even before next set of drills in a few weeks.
waiting with baited breath.
best
CB
Paddy
Most states have done this already mate. 2 deaths here in WA.
Doest effect Hav mate
Cheers
CB