Member Info for Gingertom1

https://www.rivercide.tv/

I appreciate that this is one of the finest Boards I ever read. Knowledgeable and often caring.
We all have our own charitable responsibilities but one that affects us all are our rivers.
Take a moment to absorb the horror of the impact avoidable pollution is having on your local river.
Only one river in the whole country has Bathing Water Quality standard. All the others are polluted so badly that many of them are simply open sewers. We expect these things in other nations but not our own.
Apologies again for intruding but I hope GGP goes high enough for me to give more to the charities fighting for the rivers that are our life blood. Southern Water were recently fined £90m for deliberately pouring untreated sewage into rivers for 15 years. What have we become as a nation when profit comes above all other things.
Share with others if you would be so kind and care like I do.

GLA LTHs
GT1

I see LSE system us the swanee again with nonsense trades from random dates.....

Ahh now that would be telling.
He would have to jet in from California would he not? Assuming he was allowed to leave by she who must be obeyed.

I assume then from the new name of the mine portal that "We are officially going mining".
Until now so many people did not seem to realise that fact.

Good week coming I feel.

Thanks Bamps by the way for all your research and detailed analysis. Very reassuring during the last tricky months.

Hold for Gold!!

GLA GT1

GT1

@ £1 I will helicopter to the roof from Buckingham!!!
GLA GT1

Just noticed a couple of serious trades at the end of the day where there is obvious optimism for news soon.
Fingers crossed for us all.

GLA GT1

https://youtu.be/MYm7XQcu-5E

Interesting view from a market guru

First posted on GGP LSE

GLA
GT1

Extracted from news bulletin after small seismic event.
Not sure how its done but costs now well below zero?? at minus !!! A$205 per ounce. I assume same technology will be applied at Havieron as well.?

""Newcrest was still able to commission its planned semi-autogenous grinding (SAG) mill for Cadia’s Concentrator 1 despite the seismic event.

In the March 2021 quarter, Newcrest achieved its lowest ever quarterly all-in sustaining cost (AISC) of negative $US160 ($205) per ounce at Cadia.""

GLA
GT1

Totally agree with Prospector. Terra Search will not be sitting around waiting for "later this year".
Being based at the Telfer Camp (thanks to NewCrest) they can simply drive out the 13 kilometers to work onsite each morning.
NewCrest will be using their own rigs on Havieron and one or two hired to GGP at Scallywag but I suspect they have the band width to drill in their own back yard.
However it remains obvious to all that Newcrest will be watching this like a hawk. Its near, Its shallow and it won't be long before we get news of one sort or another.

GLA
GT1

It seems a long time since we had any updates but now that the weather has improved over the region it may be that they have already mobilized and started preparing drill sites. Perhaps even a hole started.....

Anyone with that clever satellite imaging stuff (beyond me) might detect something. However the wait must be nearly over.

Fingers crossed.
GLA GT1

Having listened again to the video it is obvious that we will be on their radar for Red Setter - unless it turns out to be a dog!!
(Sorry)
They must already be talking about lining up as soon as the first drill results come in with a JV just to get first refusal.

As far as Telfer capacity goes it is almost limitless for high quality ore for the next 10 years or more as NewCrest can always reduce the mix of low quality from Telfer itself and switch to high quality from any JV they have.
Havieron will start providing some ore within 12 months and if we get a JV we could be within two or three years if they go at the pace they have shown at Havieron.

BUT - we don't know what's down there yet. Newcrest will settle for a massive Copper to Gold ratio in the current pricing hiatus but would of course prefer a high Gold to Copper ratio.
Only time will tell.

Good luck to all GGP and WSBN LTH.
Hold for Gold
GT1

Hawiah Copper-Gold VMS Project Update - 13th April RNS

Being fixated on Tulu Kapi for so long I have become rather blasé about SA and the potential there.
The latest RNS (above) reported the most substantial increase in resource which, for any other Junior explorer , would have been very exciting. The size of the potential is quite staggering and has just virtually doubled.
It also reminds me that we are a junior partner in that arena and the JV with one of SA's leading industrial giants rather de-risks the need for additional funds. I assume that they pay for the lion's share of the costs and if needed we can always negotiate our %age down to offset if needed.
So I have added substantially (for me anyway) to my holding and await news on either front to finally get us out of this disproportionate whirlpool waiting for Ethiopia.
The real assets it seems are in the Arabian Shield in Saudi.

GLA GT1

Having been in Kefi for what seems like ever - in fact "just" 2014 I wanted to look back and remind myself of the actual drilling results at Tulu Kapi to refresh my understanding. Everything since the initial JORC has been about funding (and still is) but the initial reason for all the hard slog and heartache is the 18.4 mt at and average of 2.57 g/t AU. (Other PM's are available too).
The price of gold then was $1200 ish so since the initial planning gold has increased by 50% and I expect that the cost of mining with new technology available has dropped a little.

So I have reaffirmed the logic of buying all those years ago on the back of Tulu Kapi alone.
SA is such a big beast that only a major JV could make it viable. Oh yes we have that as well.

Luvly Jubbly. Patience will soon pay off despite all our withheld fears of more delays.

GLA GT1

We said Prospector.
I re-read the 2020 RNS and was not surprised to see David Lenigas involved. He seems to make a good living acting as Broker to acreage landowners in Aussi and working with exploration companies to progress the deal.
He is equally known in the oil and gas business for such matters.

Anyway they are all a lot richer than before and have a massive potential to make Croesus jealous before too long.

GLA GT1

I notice that the spread is so wide that the few trades today have all been listed as "Sell".
Obviously this is not the case and anything around the 11.5p mark is a "Buy".
The formula for deciding how it is marked is nonsense as it takes the midway point between Bid and Ask to decide.

In this day and age it remains a complete nonsense but we are where we are.
GLA GT1

I was reminded this morning on GGP board of the excellent advice offered by the Lassonde Curve.
Worth looking up. The key to success for any junior miner is to find assets as close as possible to one of the majors , preferably where they have the processing facility. GGP is an obvious example and Wishbone may be another. We also have DSO located nicely. I will look again at the Silver prospects and see how close we are. I lost a lot with Ariana failing to have the financial resources to build the mine. Sorry but SXX was very much the same story where cash just ran out. Kefi is another good example where they have been lucky in joining forces with Ethiopian Government who are partnering with the infrastructure - Roads, Electricity, rehousing etc - so they are partway up the second rising curve (funds still needed but close to agreement it seems). So I will look up the Lassonde Curve once again when I map out the Majors near our holdings and no doubt be pleasantly surprised that Bill has beaten us all to it.
GLA GT1

JTB - and this is only my personal view.....
Laserbrain is right. They are chalk and cheese. I am in Kefi and have been waiting -waiting -waiting for the final funding to be approved for Tulu Kapi in Ethiopia for three years. The lassonde curve suggests that Kefi is close to the production stage as the government funding has started building roads,electricity, housing etc. And infrastructure projects are secured. - "Almost" and just funding to go.
Saudi Arabia is the icing on Kef's cake with untold riches to be dug out an a very powerful partner with royal connections.
So Kefi will be a multi bagger as long as Harry can finally bring home the funding. Promised once again but this time before the end of June.
Wishbone (lassonde curve) has hardly begun. Needs to firstly drill a hole and find something (I believe they cant miss to be honest) and then agree a joint venture with Newcrest. Putting the ore to Telfer is the big plus here and the share price could go vertical with only 158m shares issued at the moment. We can afford a few drills (as its so shallow) so spread your bets. Kefi - medium term and medium risk. Wishbone - short term -High risk if they miss.
GLA GT1

SJames
Not sure how much research you have done on GGP but one might dispute wholeheartedly your statement that BZT has superior assets at present.
Hopefully your tongue was in your cheek at the time.
Tier 1 gold mine at GGP and a lot of the Paterson region still to explore helped by Newcrest ,a small Aussie concern!!!

If BZT proves to out shine that asset I will be delighted of course but a while to wait yet I suspect. Lets get a JV going with one of the big miners as we cant afford to mine by ourselves.

Fingers crossed

GLA GT1

Over excitement obviously. Sorry
GLA GT1

Odd that despite the very nice rise no mention of monitoring!
Am I missing something?

As Copper reaches an all time high it is worth suggesting - despite the fact that we have no real idea what's below the topsoil - it seems that whatever it might be could be worth an enormous amount. Either Gold or Copper or more probably both if all the successful strikes in the 100km circle around Telfer are an indication.
The significance of these price rises is the value they add to the likes of NewCrest, Newmont and Rio. Suddenly their existing mines generate a lot more cash which means that can afford to JV a lot more potential future discoveries as they try to catch up with the lack of investment during the recent lean years.
So whilst us finding Gold would be fabulous of course I would settle for a big copper strike as a backup plan.
Its also inconceivable that NewCrest are not all over this as we are their nearest neighbour.

I will continue to add as funds allow and simply sit and wait.

GLA GT1