Member Info for howezap

“Don't forget to ask about night parrot lmao”

Now there’s click bait 😀

Don’t worry Summit,

it b r 8 it be… o r o r 🏴‍☠️

Another little plug from Archer in his TG chat group responding to an observation from a poster that another particular company doesn’t get more coverage and interest as it does on the chat groups.

Archer - “Same with Amaroq - everyone thinks there is plenty of time to buy before it rockets (but there might not be)”

All helps to raise the profile here.

Am really excited about prospects here across the portfolio too CP. Finishing and commissioning the processing plant will unlock so much value in the short term it will be a very attractive proposition to invest in as will be fully de risked.

'A' Parrot!

The EPA has scuppered permitting approvals at Pebble over the sake of a few fish! 😉

Certainly do take environmental issues seriously cheers bamps


Of the seven key environmental issues identified by the EPA surrounding the Havrieron site, there is one concerning species of Parrot that could potentially be a concern for company.

''An Offsets Strategy for the Greater Bilby and Night Parrot and a Biodiversity Offset

Management Plan for the Night Parrot have been developed for the Amended Proposal, but the plan was not included in the EPA referral for the Amended Proposal. Approval delays could occur if the DCCEEW or the EPA require a copy of this plan during the current assessments or include provision and approval of this plan as a pre-start condition."

Might be worth asking Shaun how serious they are taking this.

Page 270 of admission doc

In the 2023 WA State Budget, the McGowan Government announced further funding of the $2.8 billion to transition the energy system for a low carbon future. The funding will go towards energy storage, wind generation and transmission network upgrades.

The Energy Transformation Strategy is the WA Government's work program to ensure the delivery of secure, reliable, sustainable and affordable electricity to Western Australian’s for years to come.

ESG compliance for new and existing mines are becoming more stringent and the industry is coming under increasing pressure to clean up their act in getting away from fossil fuels in obtaining mining permits when governments are already doing their bit.

So if electric drill, shovels, loaders along with a material handling system that can hopefully increase the mining rate, will not only have a profound effect on project economics but will reduce GGP carbon footprint toward obtaining its final permitting for Havieron.

Win win scenario 🏆

Railveyor is sure a neat bit of klit, system integrations with leading brands of multi types of loaders. Fully autonomous to dispatch, load at rate matching train speed optimising material handling and sending on its way to the load discharge loop thats really cool.! Can be any lengh to handle the volume, fully electric with motors all along circuit with energy regeneration when trains return on decline. Green credentials will score toward an A rating for sustainability in its ESG framework which is going to be really important.

Yeah i had already done the math and couldnt get my head around the logistics of using road trains. Hence the pre concentration rationale, but the Railveyor can potentially get it from the ore body to a stockpile anywhere required due to its lightweight infrastructure can be moved anywhere easily, as it just sits on a stone sub base. No concrete needed that conventional conveyers rely on either.

Yep really good progress, the updated JORC will be surprising, will want to include every bit of new and upgraded resource as possible. As I think you said, should be a decent SP driver!

Don’t blame you CP, this looks relatively low risk to be your main investment case. The free cash flow margin is going to be absolute nuts!

Almost forgot the all important AISC estimate taken from sept '23 registration doc toward the head grade, mining rate and all important gold price.

"The Nalunaq deposit is high-grade and has previously demonstrated a low all-in sustaining cost, making it a high margin asset. All-in sustaining cost estimates range between US$725/oz to US$910/oz."

Explorers live and die by the drill machine, and if Ggp aspire to be a successful major mining company you would expect to see a continual but proportional ramp up in exploration activities in line with their ‘current’ growth strategy that is to first and foremost, develop a generational gold copper mining complex in the paterson.

Feeding their own plant with as much of their own ore toward its maximum capacity would ultimately be the most desirable scenario outcome within the next 10 years.

But that will not happen if there are no self owned through acquisitions or viable discovered resources there to help Telfer operate toward capacity to see it return maximum free cash flow margins from operations there.

Majors are notoriously ruthless in getting what they want, I think GGP could well be the next major if they don’t get sidetracked from their current mission.

''Looks like CB’sthe appreciation society coming out again just as you start to have a dig at CEO.''

Can vouch for that meeting as i was there Billy!......still stuck in the same 'compromising position' that resembles being on the back end of a CB pantomime horse after the last time the CB appreciation society came out and you stripped me of all my dignity 😂😂

Not my only error SAS it seems this AM, remediation terms could also be waived after quick check in the admission doc

Processing at Telfer is required to resume under Newmont’s ownership following completion

of the TSF8 remediation (unless the relevant condition precedent is waived),

Timeframe could be quite rigid for transition of ownership

Hey SAS

[Howezap where have you been, in a coma ?

Newcrest sold out over 12 months ago. 😂]

Forgive my schoolboy error 🙄😊

March video-cast was very informative, good commentary and insight into the development stages that are quite frankly, engineering feats on their own. If i were to o say the localised region is highly prospective would clearly be understating it.

Don’t know how I’ve missed these before.

What would have been the reason behind the ‘non’ JORC Newcrest ‘23 resource update that see it downgraded. Was that a relative factor in any way?

Cheers

Guy

Thanks for sharing the research and commentary Bamps, you clearly have a good geological understanding. Remind me of Theiceberg who had a similar knowledge base sharing in his own blog.

Have you considered doing similar? Would be well received I'm sure.

When mining starts up again it will still be under the ownership of Newcrest, so will not be receiving revenues until acquisition is completed. That alone may not necessarily be the next driver for share price. For remediation work to be signed off its conditional to Newcrest having restarted processing operations at Telfer and recommenced deposition of tailings into TSF8 for a period of 14 consecutive days (the “TSF8 Restart Condition”) this probably the single most significant of the many conditions for acquisition to be completed and on time.

Certain of the Acquisition Conditions can or may be waived by GGP in their discretion, TSF8 restart condition will certainly not be one of them, so i would think upon acquisition completion by end of year will be the main driver and will be huge market news. Followed by the updated Jorc for Telfer. Wether the company regularly update the market on progress of any of the conditions is not likely between now and then i would say.

But in all the excitement and investors FOMO it can sometimes be the most relatively insignificant news that can start the stampede.

‘Non’

Advancing nicely with activities at Nalunaq remaining on track to deliver first gold in Q4 2024, if you look at their ore grade/mine rate and have a calculator, they are going to print money from mid 2025 onwards.

Current Mineral Resources of approximately 355 kt at a mean grade of 28.0 g/t Au for a total of 320,000 oz

Mined material will be processed at a base rate of 104,025 tpa at a nominal feed rate of 300 t per day for 365 days throughout the year. Possible as processing will take place inside a fully facilitated winterised building including dust extraction from the dry processing that can then be recirculated into the processing circuit down stream with final gold recovery rate of 95%

Plant is designed for future additional mill and flotation to increase capacity to 150,000 tpa

Further link to AMRQ Analysis if not been shared before. Worth a bump to the top even if it has been

https://miningaim.co.uk/amaroq-minerals

Here’s the edit from Archer

“Most of my cash is tied up but when it gets released in October, I will be adding to my position. Buying the **** dip worked out well too - one seller getting out of everything with one massive sale gave the rest of us a gift. AMRQ is also cheap right now as a lot of capital sucked into Greatland...”

Recommend joining his TG group, it’s not company specific but more resource sector investing. Freely answers questions and will give his analysis on a stock. There’s regular blogs released too. He’s on there most of the time commentating and interacting. Open to all if helpful, I have no vested interest in Archers site btw.

Scroll to bottom of page for link to join,

👍

https://miningaim.co.uk/

Archer pugged AMRQ again this pm pointing out currently undervalued. Certified financial analyst good fella.