Member Info for GGPThruandtru

What’s their basis for lowering the predicted 5.5moz to 5moz? Did I miss some of the wording in there in terms of it growing somewhere else?

Thru & Tru

That's if orders haven't passed that number already :-) I think I saw number 7 further down.

T&T

Definitely want one too please Tigger, but can't help feeling a bit edgy about ordering these on paper profits only. ( Nervous shock emoji) Any chance I could have print number 16?

T&T

It's true, he's never been so gobsmacked before.

"Just seeing one of those hits normally is amazing, and we just keep hitting." or something like that!! I liked that sentence :-)

T&T

Guys, think about it. If we drill somewhere new and hit another massive load, the chances of us getting bought out (the easy way or the hard way) go up massively. I want long term profit! Let us finish the Havieron stuff, get paid, hopefully keep an ongoing percentage, get it off our books, and then go and start drilling new targets again. Take over will definitely lose us value in long run.

T&T

It's like Xmas morning, except you have to eat breakfast before opening the presents. "I don't want f****** breakfast!"

I wonder if they'll be a prize at the bottom of all these Golden Crunchy Nut Corn Flakes? (Other cereals are available)

T&T

Haha, first username I'm afraid, but long time reader. Out of curiosity, who did you I was as I have been reading for over three years and might remember the name.

T&T

Newcrest already nearly 5% up today. I'm betting most of that is on us. Red Chris hardly had anything that good, except for the few assays they mentioned. The rest were below average. That's 5% on a AU$24bn company. Interesting to see where they end up today.

T&T

That throws Artemis' idea that they have a bit of "our" pie out the window, as that's the three sides they are on. They're gonna have to find their own.

T&T

Guys, look at the drill data at the back that they don't even mention at the start. Our "bad" holes are higher than some companies best ever drill hits! And there's just so many of them. And then also compare to Red Chris further down. This is a monster. (Bigger than the Kraken)

Thru & Tru

The article is pretty good at explaining how the process is calculated. My question is wether anyone knows how Havieron would be measured out of the two? Its almost a 50% increase in value between them. The POG and the ozs are up in the air, but whether we use one way of calculating or the other might be known now.

Thru & Tru

Did a it of digging after the earlier topic. Found this. Interesting. Anyone know if this would be relevant to Havieron as the difference between the two costs is huge and would make a big difference to the value of our percentage? Or is it just a way for accountants to put it through the books differently? Sorry if it has been posted before although I think I would remember it.

https://www.linkedin.com/pulse/reporting-aisc-costs-by-product-v-co-product-sam-ulrich

Thru & Tru

I posted the AISC thing but does anyone have a clear explanation for the difference between AISC and Co-AAISC? Like the article says, we should also have the benefit of multiple ores. Would be amazing if we could get it below $500.

T&T

I will add one thing seeing as its going round now.

March 2019 - Finfeed
The average All-in Sustaining Cost (AISC) for Australia and New Zealand was A$1,255/oz, which is up 7.3% (A$85/oz) on the previous quarter average AISC of A$1,170/oz.

Evolution Mining’s (ASX:EVN) part of the Ernest Henry operations was the lowest cost producer reporting an AISC of A$-510/oz followed by Newcrest’s (ASX:NCM) Cadia Valley operations with an AISC of A$206/oz, then by Kirkland Lakes' (ASX:KLA) Fosterville mine (A$442/oz).

The average gold spot price for the quarter was A$1,830/oz (US$1,304/oz).

It should be noted that Ernest Henry and Cadia Valley benefit from significant base metal by-products.

Aurum Analytics’ estimate of these operations AISC on a co-product basis (CoAISC) is as follows;

Ernest Henry Co-AISC of A$732/oz and Cadia Valley Co-AISC of A$706/oz.

The lowest cost “gold only” operations were Kirkland Lakes' Fosterville mine with an AISC of A$442/oz, then Westgold Resources' (ASX:WGX) Fortnum mine (A$937/oz) and Newmont's (NYSE:NEM) Tanami mine (A$953/oz).

If we can get our AISC down to Cadia, all bets are off as to where this can go.

Thru & Tru

Still here, but as a few have already mentioned, don'y post much as never felt the need. Now that I've finally joined, I'll post when I can and hopefully add to the discussions. I've been following the ASX a lot recently, if anything pops up there that might be relevant, I'll pass it on.

Until then, I'll just put my motto out there again. "NO NEW DRILLING PLEASE" (exc. Havieron)

Good luck to us for tonight. Can't really see us missing, just hope the grades are similar to previous. (or maybe even better as they must be improving their bullseyes in some ways!)

Thru & Tru

Thank you @Hopefully Gold!! My earlier point but said much more eloquently! (Tips the cap)

Thru&Tru

I can't really remember who is in who's court here, but on the idea that £1 into £100 is 99% profit, does that mean that by the same workings, £1 into £2 is 1% profit? (Hand on chin emoji)

Can'T believe this is an actual debate on a share forum. Can we get back to the four guys on a roof and the aliens circling them all?

Thru & Tru

You never know, They might have Cryptonite to trade for Scallywag and we can start another JV ;-)

T&T

Hey Dave, no, TMT has it correct but I don't like it as it's the equivalent of taking money back now that will inevitably be worth double or triple in future, so no brainer to leave in now. But I get his point. I'm just not that fussed about the initial investment as it was so little, but I would like to take a little out if Australia is suddenly attacked by aliens, but we don't know their intentions yet, which as 2020 is going is becoming more likely every day. Just keep an eye on the share is the moral of the story.

T&T

I got wo things from that interview

The first being that it sounded very much like we are going to go to mine with our leftover percentage of Havieron. They are setting up the deals with long term in mind. Amazing news in my eyes. Hold for gold.

And the second being that the Scallywag trust deal reaks of protection to me. Feels like they feel that Scallywag needs protecting somehow and having Newcrest hold 40% in trust, keeps any activities in safer hands in a way. Bigger and more experienced hands. I hope that gets my point across.

T&T