Member Info for deserttrader

Further to some posts earlier the MRE was based off circa 126000 worth of drilling. The last update in October said a total of circa 210000 worth of drilling has been completed.

Zoros - are we not still expecting the remaining assays from Juri which are due beginning of November - as per the last RNS, no?

Nice thread on the above subject, someone recently posted - yesterday or day - what previous assays we are awaiting - 21 holes excluding anything since? Do we know how many are outstanding from Eastern Breccia?

Tig, a refreshing post - much appreciated and certainly summarizes the short to medium outlook for all new and potential investors.. We are maybe a little optimistic on processing the ore by late 2022/early 2023 - I think the PFS suggested first full year 2024 - happy to be corrected.

There is so much to review over the coming months, very exciting.

Interesting post on twitter - it all helps ACP if graphite prices start to see a climb similar to Copper etc.

https://twitter.com/TheMoneySponge/status/1448982918429351937?s=20

interesting article from mining.com - highlighting BHP possibly changing their stance and investing into riskier areas to find the best deposits. BHP is very bullish on copper and looking to expand a they move forward. All bodes well for GGP when the biggest are expanding.

https://www.mining.com/web/bhp-discussing-congo-copper-deal-in-shift-of-strategy/

I can't remember the last time if any that we have had 132 messages on this board at 7.15pm. Twitter has been busy today under the #acp tag, so all in all, news will be getting out to potential new investors which is no bad thing at all. Off take agreements and financing will definitely amplify the communications. GLA

Canary - I think we would all be happy with that as a starter.

may wish to check out Paddy's latest tweet, with Canaccord estimating a $330 AISC for Hav.

Thanks Paddy. Ever since NCM have come on board, we have learnt that they don't tend to speculate on potential findings. They tend to be cautious on their messaging, which you would expect from a blue chip company. The added phrase of under promise over deliver would be akin to their strategy. To go public on these new targets (to their peers) is not something they would take lightly, so yes they must be reasonably confident, with these areas. Interesting.

Thanks Rotherby, so just for clarity the PFS and DFS are very much about the evaluation of amongst other things, production and cost estimates, including types of mining. e.g Bulk as an example. The current size and potential size of the ore is covered in the MRE, with two types inferred and indicated? Originally I thought the PFS and DFS would include the size of the ore. Any advice much appreciated.

Zoros - I would imagine a very experienced leader like Sandeep, will always go with the under promise over deliver strategy, which as you say could lead to anything north of 250m per month.

https://www.miningnews.net/mnn-awards/news/1413076/2021-mnn-awards-nominees-revealed

sorry to jump in, have there been any further interviews from AS since the two registration announcements this week?

Mambamentality - if the price has moved above 20.86 - am already on a boat somewhere nice!

A major working at an unbelievable pace, commencing a decline before a PFS is out, shows confidence in the project and eagerness to get Telfer back to its glory days. Patience is all that is required.

A merchant like Boohoo would reflect the millenials.

That HAD 084 is a thing of beauty in the eastern breccia - 342@2.0g/t. Should help the bulk mining case.

Thanks TMT for confirming the numbers.

Correct me if am wrong, but the brokers note was based on the assumption of a 12.4m oz total find of HAV. We would have 30% of that eventually and a 50% probability hence target price of 33p. Obviously 100% probability is the magic 66p. What a difference 24 hrs makes. This is what the board should be. Respecting each ones views whether you agree or disagree.