Member Info for JerseyCrew

Agree this should spark II interest. I suspect selling the concept of stages, money spent and 40% stake up their chain of command will be easier than talking grades of holes. let's hope so!
ATB

I think I'll go to sleep and dream about piles of gold getting bigger and bigger and bigger.

Of all the exploration licences, in all of WA you had to find the mother of all finds, just 45 km from my processing plant.....here's looking at you kid!

NC first.
ATB

Nice to see BMV make the top 10 of the share riser board as I type.

https://www.ft.com/content/24740ddb-7cc8-4a3a-8fbe-616ea9b4ac7d
Interesting to see how Lloyds reacts to calls from the ECB - just watched the interview on Bloomberg with Enria. Doe not look promising for 2020 divs but Lloyds have yet to make that call.

Even if you assume average price of gold at $1500 per oz (I think it will avg closer to $2K over the next 5 years personally) and at initial 10K oz production - gross profit rounded down to $900 per oz equals $9M - converted to £ at say 1.25 is £7.2M - 50% of which is £3.6M GP - take off say £600K overheads leaves NP circa £3M before finance cost repayment and we are still have a MC of £10M at the moment. In 5 years time consider the NP and by then initial finance costs will be repaid. As I said, high upside here. Feel free to bash my fag packet calculations around.
ATB

RNS 17th Dec quote
Estimated average cash cost per ounce (C1 level) is USD 576 per ounce. This is based on both mines over the initial 3 years. The cost of the initial production phase to the joint venture is USD 2.2 million.
ATB Moneymaker

First time I have heard him interviewed. Huge upside here in next 12 months.
ATB

JB. Always good to take the broad view and costs are always consequential.

https://thewest.com.au/business/energy/chevron-to-supply-newcrests-telfer-mine-with-gas-ng-b881410700z

Flashy - Telfer's main energy operational costs come from gas I believe.
See attached deal entered into at the end of last year.
ATB

I would expect a market update by NC to confirm stage 2 complete as that signifies their 40% farm-in interest and therefore material for their shareholders. I would hope for a release of further drill data at the same time rather than wait for the end of April normal quarterly update, so personally whilst I think that commencement of stage 3 is a given, the updates on the drill data has the potential to impact positively on the SP.
I am sure that most here will have subscribed to NC market updates - I expect news to land in my inbox late one evening over the next couple of weeks. Time will tell!
ATB

Schlemiel. I don't doubt that everything that can be done will be done to try and prevent Covid impacting on Haverion and Telfer and given the geography and travel constraints they stand a better chance than most of ensuring production and exploration activities continue.
To lift a quote from your post:
"It's in our best interests to stay in production, and that will only happen if there are no breakouts of COVID-19 in our industry," WA Chamber of Mining and Energy CEO Paul Everingham said.
There is an IF in there and I would challenge anyone to say with 100% certainty that the IF can be removed from the equation. The point of my post was to raise the possibility that Covid could impact but also should that eventuality come to pass, then investors should not panic if it shifts the timeline.
As for speculation - isn't that the primary function of this BB?
Your post gives context and underlines the determination of the WA Government and mining sector to continue. Thanks for sharing.
ATB

Hi Tom. To be honest I really try to avoid speculating on price movements in the short term at the best of times as the SP does not follow logic as we all know. These are far from the best of times and there are so many external market variables that can amplify positive or negative movements at the moment.
I am not a trader and therefore I simply look to the future and my belief is that cash is king / money talks and all those other sayings....and when, not if, Newcrest makes an offer for Haverion, it will be then that we will see a rerate like nothing seen before with this stock. I have no need to release cash from my investment and happy to wait as long as it takes.
Sorry for the long winded 'I don't know' answer!
ATB

Agree moneymaker - big rises with few posts here which is strange - tells me that stock is in short supply and the herd really have not cottoned on to the potential here. Gold is going is heading past $1800 this year in my view and who knows where to - the financial impact of Covid has not even started yet. I take no comfort in saying that - it means that underneath there is untold human suffering and anxiety - horrible times.
Keep you and others safe by doing the right thing out there!

I am one of GGP's biggest advocates - have been for some time now as my posting history will testify. I am coming to terms with the possibility that there might be set backs and delays as a result of Covid-19 with exploration at Haverion. I understand that we have a flying/out site and staff willing to stay on site and test as people come in. But frankly this Covid virus is a bugger and seemingly all pervasive. So I have come to accept that as with most over parts of the world, it will impact on Haverion. That acceptance doesn't create panic or alarm - it just means that timelines will probably need to be adjusted at some point and if the MRE is established at Q1 2021 as opposed to sometime in 2020 so be it. I have waited this long - what is another 3 to 6 months? Nothing! The end result will be the same and gold price likely to be higher.
I am trying to be realistic here and manage my own expectations - if anything my end game scenario is better than it ever has been - I am just managing my own time line expectations. You might want to consider that in your strategy. Anyone with a plan worth their salt reacts and adopts to the scenario in front of them and doesn't lament what might have been - that is a waste of time and energy.
In short - do not be afraid if the plan changes over the coming months for timescales - it's okay - it will be okay - ultimately a whole lot better okay compared to most in GGP's case!!
Be kind to each other and god bless the staff within the NHS and healthcare services around the world!

Nice post David and welcome

19% rise and no chat here - this is a strange BB. Maybe posters will become more vocal at 3p...
All the best and stay safe.

Outstanding! Much needed levity in difficult times.

I was thinking of a rename....Gold is the colour!