Member Info for Droverman

Yesterday mate

The road they are going to build is over 100 m wide which will take care for road trains, trains, conveyors as well as pipelines, i think they will initially start with road trains and as the tonnage increases over the years then the decision will be taken before requirement to install rail connections ETC. Ciao DM

Just look at gamestop in USA was shorted 130% of outstanding shares, cant be legal to sell something you haven't got? DM

Hi Aquazi. Same loss on same amount of shares bought at same price and exactly same thoughts mate, gold and silver can only increase and both have to be delivered on the 31st this month, average silver delivery is 300 tons on the 31st 1700 tons have to be delivered note: not exchanged or swapped, think same for gold with much higher delivery. Ciao DM

Hi SAS, one point of view that doesn't get discussed very often for the producing miners is that every year they have a diminishing asset, so if the miner is producing 1000000 oz a year with 10000000 resource and with a stable gold price and cost getting it out then the share price should basically diminish 10% year, so the producing miners have to explore or buy out miners who have resources to bolster the bigger miners, hence NCM has to go ahead with HAV to support there main share value and keep Telfer in production. HAV is on its way to production but holding its share value back until then, meanwhile to boost the SP we have the other exploration projects so like any exploration miner with a one trick pony who SP is based on the drill result we have many projects and only needs one good hit to move GGP into outer space. Hold for gold as i am 7 figures down on paper at the moment but not bothered and not sold a bean since last year to make my shares on a free ride, buy a farm and have enough in the bank until next year so the MMs are not getting one share from me. Ciao DM

God speed Paddy

Don't see the Chinese currency taking over from the dollar as nobody knows the value of it, i think it will be a basket of currencies in line with SDR so no country will be in an advantage position as the dollar has been. To hold the lot together the SRD will be gold based for me, no way for digital to take over as has no value to base it on. Ciao DM

Hi TT, i mentioned this yesterday about NCM redeeming a loan note and nobody took notice and i questioned WHY??? maybe to take out a larger loan at a better rate to buy something like GGP???? who knows. Ciao DM

Hi TT, i mentioned this point yesterday about NCM redeeming this loan but there was no comment by any interested parties, my question was WHY spent this money upfront ??????, unless they want to clear the books or take out a much larger loan at a reduced rate to purchase something? Ciao DM

Hi HFG, Newcrest is paying off a 340 million usd loan early today was due to be paid in October, i wonder why? Ciao DM

Quite agree MFU, i was 43000 BPS down after Newmont left but decided to hold on and now i am reaping the bonus, so if you believe in the company and bought at a higher level than now, then like me hold on or even better average down if you have the dinero. As the saying goes HOLD FOR GOLD. Ciao DM

Hi Cottamlane, i was born in Whitby such a long time ago, best fish shop on the quay, just loved the place. Ciao DM

What difference will it make David, id gold per oz increases so will GGP so if you are still holding when gold reaches 15000 usd oz you can afford multiples. Latest from Jim Rickards. DM

Put me down for 4 for the grandkids Speedy Ciao DM

Hi Bamps, i bit difficult to say 117 and or 122 either way all good for the future, would be great if the eastern Brescia is duplicated at the SW side of the oval big fat pair of you know what's. Ciao DM

Hi Sharkface, i think the other targets are totally separate to the ovoid, maybe towards scally, for sure we will know sometime this year when they poke down a bit. Ciao DM

Hi Paddy, did anybody notice that 25% of HAD122 resides outside of the ovoid SW side, result 97m @ 3.9 g/t as well as 15m at 9.7g/t & 1.6% CU, this for sure increases the ovoid size at least or there is a separate Brescia like on the eastern side, very interesting guys. Ciao DM

Hi SW, i do not think the POG is important at the moment as its a double edged sword in that if the POG increases the SP should increase, if the POG decreases further then Telfer profits reduce and NCM have no choice but to ramp up HAV exploration and decline so either way GGP gains in the long run. Ciao DM

Hi Tymers, next support for gold is 1675 usd, after it is indicated to go to 2200 usd after that i am not sure, some say a 50% drop before going on a massive bull run. i presume people cash out on the next market crash to cover losses like in March last year Check out Harry Dent. Ciao DM

Hi Chase, that's the Divi per year, SP will be multiples from where it is now. DM