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Extracts from ABC news reporting on Diggers and Dealers in October.
"Western Australia is experiencing what is being hailed as a 21st century gold rush",
"Just over $209 million was spent on gold exploration in WA in the June 2020 quarter — an all-time record according to the Australian Bureau of Statistics."
"Laboratories which test drilling samples are under pressure to keep up, resulting in delays of up to six weeks for results"
https://www.abc.net.au/news/2020-10-11/modern-day-gold-rush-in-western-australia-despite-pandemic/12749898
Add the six weeks delay to GH's 6-8 week forecast for Scally drill results put that at 12-14 weeks.
According to my diary that puts the results due any time from today 12th up to 26th November.
Just it time for the AGM
I have just checked the heading on this web page and Yes it most definitely reads Greatland Gold Share Chat.
A few key extracts from the rules for this board:
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I look forward to the restoration of normal service of this fine board.
"if the company's projects are several years from production, the current and near-future commodity price is not that relevant."
I can agree with that statement but $25 per gram comes out at $777 per oz
Gold not at that price for over 12 years.
Actually at this mornings gold price of around US$1890, a gram of gold is worth just over $60.
And even more so with your Scallywag post!
Hi Magic,
No need to apologise for the long posts, you can make them as long as you like.
Far more informative than most.
Thank you so much
CTC
On a very back of the envelope calc and after a few glasses, I make the Eastern Breccia alone add 8p to the share price.
31.5p anyone?
Take note, our clocks went back an hour last sunday.
That might explain the apparent "hour early " results!!
https://www.newcrest.com/investor-centre/results-reports?report_type=6
ADDITIOINAL FILE
September 2020 Quarterly Exploration Report 29Oct20:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02300923-3A553990?access_token=83ff96335c2d45a094df02a206a39ff4
I have no idea why the "RE: Newcrest Update tonight?" thread continues to persist, despite the wise souls PaddyGall, TomE and TimberTrader amongst others pointing out that:
Newcrest have always post their quarterly reports not surprisingly quarterly.
The forthcoming dates of their quarterly reports are posted on their website under the heading Key Dates:
https://www.newcrest.com/investor-centre/key-dates
September's Quarterly results due morning of 29 October 2020 in Australia around 0830ish.
And because of the 11 hour time difference (As clocks will have gone back) around 2130 on evening of 28 Oct in UK.
Simples.
I thought it was becoming more confusing
when the thread heading of: "RE: Newcrest Update tonight?"
Was being repeated and dragging more posters into the thread.
Have a good day.
Newcrest September Quarterly results due to be released on morning of 29 October 2020 in Australia around 0830ish.
The time difference on 29 October will be 11 hours. (UK on GMT Melbourne on AEDT)
So Exploration Report will be due anytime around 2130 on evening of 28 October 2020 in UK and Ireland.
I have checked several times and I am fairly confident I have the correct time difference for the 29th
https://www.newcrest.com/investor-centre/key-dates
Hi Bamps
Yes I can see now that you were focusing on the Berenberg report whereas I went off on June report tangent.
Don't stop mentioning anything you feel may be useful, ignore the critics.
I enjoy your posts, keep posting.
ATB
@Bamps 08:45 "If the MRE gives a low initial estimate as some are suggesting then it may come from that mining release.
They are stating June quarter figures for sizes >450m long x >600 deep in the release.
The tonnage is reduced to 71m tons , so that's 2.3m oz for every 1g/t.
Is this why Berenberg figures are on the low side."
Hi Bamps , I always look out for your posts as you are always informative, I particularly enjoy your calculations and estimates.
However in your post this morning I think you started barking up the wrong money tree.
NCM reverted to the June 20 quarter results as this was an Annual Information Form for the year ending 30Jun20.
The AIF was produced for the admission to the TSX and includes the conversion or mineral and ore reporting from the Australian JORC standard to the Canadian CIM definition standards.
I cannot see how that report aimed at the Canadian market has any relevance for the future production of the MRE
But Bamps I still look forward to more of your calculations and estimates. Thank you ATB
Trucky: "Are people forgetting that when NCM applied for a drilling liscence that also Included drilling at Scally.."
Hi Trucky I must say I have no memory of the NCM drilling licence including Scally.
Could you please provide a link to the relevant document so that I may refresh the gap in my very old brain.
Thank you
I have "Scally drill results due?" in my diary for 7 Oct which I noted about two months ago.
So possibly something might drop this week .
Daveri007
Oh yes!! that was so long ago, a different era.
Since then I have made a gain of 583% and a profit margin% of 85%
And when my capital gain reaches 5830% my profit margin% will be 98%
Because I paid £21,500 for the shares.
Thank you goldworm
Didnt check my work before submission
CORRECTION
2g/t = 2ppm = 2000ppb = 0.0002%
My apologies
NS and LA correct.
2g/t = 2000 ppm = 2ppb = 0.0002%
https://www.convert-me.com/en/convert/percent/percent/percent-to-uppb.html?u=percent&v=0.0002
Hi Bamps ,
We have arrived at the same conclusion 15-20Moz but you have done a much better job of explaining the detail!
Thank you