Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
O yes. Thanks DGR1980.
The arbiter decides which of the two values should be used. There is no provision for averaging the two parties' figures.
Our North West is the corner of Scallywag.
E45/4701 was a bigger tenement including Scallywag. Havieron was the bit of it Newcrest JV focused on. The blocks referred to are the square Havieron tenement.
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.
It’s only 2,500m from where the corner of the evaporation ponds will be.
That bit at the end of HAD136W is the most interesting thing in the whole lot of results.
That could be the beginning of something wonderful.
Shaun was considerably more interesting in the Q&A than he was in the presentation, which seems like a bit of an odd strategy.
Still, he did say that PFS would come “in the short term, certainly in the early second half of this year” - which is anytime now - and he talked about adhering to the main market’s rules on governance, which would be pointless if there was no intention to move there.
Those are both important pieces of information and in my opinion sentiment is about to change for GGP.
The satellite tells us that nothing further has happened at Scallywag.
I wish it had been a recent photo from inside the portal.
Still, at least there does appear to be a little effort being made to promote the company now.
Go to the Newcrest website and register. The report will be emailed to you when it’s released.
So they could be down there by Christmas.
Fab.
Rio Tinto. They don't look to have begun drilling yet but those are drill pads.
I was trawling through this thread and noticed someone mentioned that Newcrest hold all cards in any negotiations. While they are powerful, I don’t think we should underestimate the fact that Newcrest need Havieron online quickly and that where under other circumstances a large miner could simply wait for a junior partner to run out of money before negotiating that is not an option here and provides GGP with some leverage for negotiation both with Newcrest and with any potential loan provider.
Page 31 of what, Bamps? Nice to see a page for Havieron though.
:)
Obviously a malfunction made me post twice. Febrile or electric? You decide.
This is going to be an exciting six months. The atmosphere in August and September will be febrile, waiting for that PFS!
This is going to be an exciting six months. The atmosphere in August and September will be electric, waiting for that PFS!
Still no further information on those new areas in the Havieron tenement. I'd love to know what they are.
I include H&P in the people I've never met category.