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Yes the TR update will be interesting as it will finally give us the green light to mining. However, the modelling of the 3D resource for the 2 blows and connecting dykes must be quite difficult hence the need to recruit someone up to spec in this field.
The thing I like most about TR is the fact that there is little overburden and so will be easy to expose the kimberlite with little need for waste removal.
Waste removal can be a drain on finance before you get to the good stuff and payback. This is exactly the scenario they found at Marsfontain and we all know how quick the payback was their.
Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, becuase that's essentially the only unknown left that such disingenuous posts can target.
Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.
For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.
What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.
The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )
But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne
This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...
And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.
And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -
IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.
That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.
Expect Multiple shorter accounts with a very obvious agenda.s
Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.
Yes, a wonderful insight into his life and passions.
I agree about his enthusiasm for our projects especially the way he talked about Ghaghoo . I really hope VAST step aside as they may be a burden on progress. I cannot see how they can fund the purchase let alone the development costs. I can see us turning to Burgundy when Vast goes bust.
However, he was adamant in his proclamation that the change of ownership was still on target so we will just have to wait. It seems as though it is a massive resource with a lot of infrastructures.
TR is the immediate target but let's also remember KX36.
Very exciting times are ahead in the short and medium term.
https://www.paulzimnisky.com/Podcast-Episode-James-AH-Campbell
I do not hold Vast. Who would? But I do hold BOD which is a well-managed company whose management do not treat shareholders as their piggy bank. Watch this space but VAST are not able to pay the £4M and will default to let BOD and a partner take it from them.
Agree. This will be handed over to BOD with a new partner. Probably Burgundy who they already have a JV with. They also have the funds to see the project through. Vast is dead in the water on this project.
"Under the Share Sale Agreement entered into between BOD, VAST, Okwa and Gem, Okwa has conditionally agreed to acquire GDB, a wholly-owned subsidiary of Gem Diamonds, for a cash consideration of US$4 million" This is to be funded by Vast
How are they going to find this money?
New tweet from JC
"The sale of Gem Diamonds Botswana is well advanced with the transaction expected to be finalised by the end of Q4 2021, subject to certain Suspensive Conditions and relevant regulatory authority and approvals within Botswana. Post Period end, the Botswana Competition Commission approval has been received and the Group is currently awaiting regulatory approval for the transaction from the Botswana Department of Mineral Resources, Green Technology and Energy Security." #diamonds #mining #Botswana.