Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, because that's essentially the only unknown left that such disingenuous posts can target.
Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.
For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.
What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.
The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )
But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne
This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...
And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.
And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -
IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.
That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.
Expect Multiple shorter accounts with a very obvious agenda.s
Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.
TMT, it has been an absolute pleasure reading your posts, which were always intelligent, dignified, open and honest, your presence will be missed.
Best wishes for your new calling.
Condorlini
I believe the EggHeads have had to get a 2nd Abacus on loan, to help with the figures...
Excellent work Speedy, count me in
Great work BR & Bamps, thanks for sharing your knowledge and conceptualisation.
Damn what did happen to Apple?
Have a good week everyone, if you can stay sitting on those hands...
A GDX rebalance on Sept 21st would be a fantastic slightly early B-Day bonus for me...
Stay sitting on those hands folks, we are still only at the beginning of the Havieron story
@Archways, so glad to hear that you are doing well, I am looking forwards to a many more of your Annual Reports.
Stay very well.
GLA LTH's
Biden is also moving forwards in trying to regulate Crypto's, which might also encourage folks to move into PM's...
https://www.forbes.com/sites/sarahhansen/2021/05/20/biden-tax-enforcement-plan-includes-crypto-reporting-crackdown/
They are short by a $1B...
Here is the Video
https://www.youtube.com/watch?v=6QfoWiC66v0
Great presentation, think this says it all:
A mine is being developed...
Jerry, thanks for the update.. He has always seemed to be a bit behind the curve re Hav & GGP, but maybe that's just my gold tinted specs..
His attitude to not spending money on exploration, seems strange, as we are an exploration co...
I did wonder how they would play the limit criteria for their Fund, if CB and the team work their magic a second time, and find another monster!
Has Steve Todoruk mentioned GGP specifically before, I don't receive his updates, so maybe I missed previous mentions?
I wonder why this time? Hopefully some of his followers could become LT investors in GGP as too many people haven't had the ability to stay sitting on their hands the past few months.
Exciting times for GGP GLA LTH's
Afternoon folks,
Thanks for the £40 Jerry, that made my day..
Personally I think that is somewhat conservative, I might sell a couple at £50, but will obviously take a view then.
A good RNS, showing more Pathfinder Elements, so CB and the team can get to work, on the follow up drilling.
For traders, and people who need cash in a short period, maybe an exploration/ junior miner really isn't your bag..
If Exploration was always like HAD005, there wouldn't be an ounce of PM left to find on the Planet!
In reality, GGP is moving at brake neck speed towards being an incredibly profitable Company, with a CEO who wants to turn us into a multi $B Co.
The sun is shining, we are in a massively de risked investment, with a $hit load of Gold already discovered, and increasing with every set of results...
Have a good week
Thanks PG..
I also liked SD giving GH some credit, and highlighting his ambitions to grow multi Billion companies!!
Happy Easter Folks.
I think the essence of this discussion, is really about 3 things:
1, Have the fundamentals changed since I bought GGP?
2, Am I a trader or an Investor?
3, Do I need to sell my holding!
I am very fortunate that I don't need to sell, and have continued to buy for the last 4/5 Years, through the highs and the lows...
GLA Stay Well
Paddy, my sincere condolences to you and all your family. I unfortunately lost my dear Dad a couple of years ago, and so can empathise completely with your and your family's pain. Hopefully you will remembering all the good times and raising more than a glass or two..
Take care of yourself
reddirt, thanks as ever for the heads up!
Hope we can raise a glass or 3 when you get the chance to pop over to this side of the pond...
GLA LTH's
https://kingworldnews.com/gold-silvers-fictional-paper-price/
This should be the article Speedy