Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Actually you might want to do that.
Just scrolled back to Dec 2019 and the exploration report was issued on 1 Dec 2019 at 2128 Melbourne time!!
That's 1128 UK time so tomorrow morning it is!!!
What odds are you offering for that
UR,
Ha! that made me laugh!!
Remember, there is no certainty that either the MRE or Interims will be released tonight.
Just speculation.
I say this in expectation that they will.
Correct Oil.
Its in the BR Media interview on 30 Nov 20.
Major targets for 2021:
In so many words he said for 2021 that they would move rapidly to try and convert the other key targets (in Havieron) into an MRE while also pushing out further to test the limits of mineralisation along strike (NW) and at depth.
GH then stated that the next major milestone in 2021 will be delivery of the PFS by late 2021 and that they intend to convert as much as possible of next year's growth drilling into a future MRE to go towards that study(PFS)
From around 06:02
https://webcasting.brrmedia.co.uk/broadcast/5fbfc800b19325729a9d7eb7
One and a half hours to Initial MRE?
Correct it's not a given.
Release on monday is based on an assumption that they will repeat last year's release before GGP's AGM.
Interim reports are more usually released around the 10th or 11th
Newcrest release their reports around or soon after 0830 in Melbourne.
0830 Mon 7 Dec in Melbourne is 2130 Sun 6 Dec in UK.
Urbanracer: "MRE tomorrow night? Could be."
That was exactly my train of thought last week:
RE: Next update
27 Nov 2020 16:22
And what would really ignite the AGM?
MRE issued with the Interim Exploration Report the day before the AGM on Mon 7 Dec (night 6 Dec in UK)
Last year's December Interim Exploration Report from Newcrest was issued early on the day before the AGM.
We are assuming therefore they will do the same this year.
So that will be Monday am in Oz and Sunday night in UK.
The new 22p from the old12p.
Looking forward to the new 42p very shortly.
I think it is already stated that the fair value for the 5% will be negotiated by the CEO's of NCM and GGP. If they are unable to agree it will go to independent consultants.
These calculations are based on the Scotiabank valuation that Paddygall posted on his Twitter feed.
According to that, the valuation is based on "MV"
So we have no idea of the Moz of gold that it might be based on.
And
The sale of 5% at this valuation = $362m = £272m (£/$ 1.33)
The current exchange rate £/$ 1.33 , $/£ 0.75
Hi Spacebar
NCM 40% = $2.9b
100% = $7.25b
GGP 30% = $2.17b = £1.63b = 39p per share ($/£ 1.33) (4.2b shares)
GGP 25% = $1.81b = £1.36b = 32p per share ($/£ 1.33) (4.2b shares)
Errors and omissions excepted. (2nd glass of Merlot!)
Thanks Hydro,
You do a brilliant job here
ATB
Ok. Yes I have now seen Hydro's correction:
"GGP is 40P w/o SWAG Today 13:25"
"So full Havieron value alone $7.25bn x 0.3 = $2.17bn = £1.7b = GGP SP 40p
Correct me if I'm wrong should that not be US$2.17b NOT £2.17b??
27p
Hi TMT,
Another one of your excellent posts that I always look out for.
Best wishes
Hope to read you again soon
Also GH said this morning the Scally drill results were delayed by the labs but they would be released soon.
He also restated that the MRE would be issued in December.
Hi jdt,
Last December the Interim Exploration Report was issued a week early on the day before the AGM.
Expecting the same deal this year. So Monday am in Oz Sunday night UK