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“ Obviously you are able to support your argument with reference to factual reference?”
Well you did start in that vein Ninetop
Post below re LCA;
“ My point is this - extracting gold below the current lower aquifer is not financially feasible.”
The LCA sits in the Permian layer above the top of the orebody and by this logic, all the gold is not financially feasible to recover.
Really …..dear me ……
Dip you are a patient man. Whilst we wait for ManU to pack for golf ( his club must be very flexible re tee off times), here is an interesting summary posted by Dot on TG;
“ The communication narrative appears to have shifted to decline progress, approximate timeframes for ASX listing, reaching the orebody and the like.
The amount of resource is more than sufficient to have justified huge spending on the box cut and decline (started pre PFS) and on extending Telfer life to bridge to Havieron ore arriving.
As Shaun has said many times, DTM was made at the point the money for the above was signed off by the NCM board.
All reinforced by TriBeCa, Wyloo, ING,ANZ and HSBC combining to commit AS$390M to GGP after doubtless exhaustive due diligence.
II up to c. 20% of the GGP share register.
Significant technical issues in the early quarters of the decline were overcome and the progress is such it is now ahead of schedule, continues to progress apace with de watering going well to ensure this continues.
Focus will be to scope link zone and EB with these areas likely to be mined in later stages so best to drill underground once on/near the orebody to save hundreds of metres ploughed through Permian layer. No surprise less rigs at the minute.
Add NCM/NEM meeting to discuss the price for NCM and you can see we are into the third year of the three year programme SD referred to in interviews of late.”
One interpretation of SDs comments on this would be the DFS released as part of NCM FY results due for release in August and will be the picture as at 30th June.
Attending there Town Halls affords one a rare opportunity for early insight to the hot topics/strategy focus areas.
My advice is attending post “new news” would mean missing the key benefit of lengthy small group interaction with the man at the head of the business and I find him extraordinarily willing to engage on every topic.
Each to their own. I found your post a subtle negative but I could be wrong.
Re NEM/NCM/Wyloo and the multitude of potential ways the next 6 months could play out …I think a rewatch of the LSE Q&A will confirm that Shaun is quite comfortable that the world class launch asset of Havieron + world class board + “scalable” funding position all add up to GGP being very well positioned with significant “optionality”.
Interesting Mark.
This article refers briefly to Jundee (top 6 Australian gold mine) purchased by Northern Star from Newmont in 2014 as part of Newmont’s then divestment of non core assets.
Purchase price ……AS$82.5M……makes you think….
https://www.mining-technology.com/features/the-six-biggest-gold-mines-in-australia/
So let me get your point clear here, “ace”chaser.
At point of writing this almost 70 million shares traded so far today ( heading wrong as 2 trades totalling 60M shares cancelled out each other).
• 70M traded
• SP +c.5%
• you think the 2 remaining 30M trades are sells
Posted by dot01 on GGPHelp ….
https://www.newcrest.com/careers/current-opportunities
Originally posted by Ian R on Telegram group, picking up plenty of attention on Twitter - the above link to Newcrest career opportunities sets out the EIGHT roles at Havieron with contracts to end June 2024.
Key points have to be;
• the language
- in particular in the ad for the Mining Superintendent role
- ”Continue building the foundation of the Havieron Project through the mechanical and drill & blast advancement of the Karlajartu Decline and supporting lateral development, establishment of vertical infrastructure to support the mining activity, and become a key stakeholder in the construction of associated surface infrastructure.”
• the contracts ( initially I am sure) offered to end June 2024…..just prior to the FS/DTM which is due early 2023
Worth repeating……on the verge of the release of the FS and DTM which is due early 2023……Newcrest advertise 8 roles at Havieron including 3 mining roles….all contracts to end June 2024 (minimum I would suggest).
As Shaun Day has previously said, he always considered that that the DTM was taken when NCM agreed the budget for, and commencement of the build of, the decline which is now over 1km in length, in good ground and achieving record rates of progress.
One dimensional point Redtrader.
Have you spent any time contrasting the hundreds of millions US$ investment to bring Havieron on line against the billions US$ to decommission a loss making Telfer plus lose what NCM have consistently described as it’s strategically important processing hub for the Patterson aka elephant country.
Private conversation …..on a public chat board.
If you apply this level of logic and intellectual rigour to your investing it is no wonder you spend your time milling around endlessly on here my darling boy/girl.
And on and on and on.
Off to live my life.
Yours appears to be on here Tymers.
ATB my lovely.
And on and on and on….
Posted at 17:07 and sadly not true…
Plenty of “interesting” factoids and guesswork on the subject of frequency of mineral resources and ore reserve reporting. I thought I would share my research, posted earlier today on TG.
I have been doing some research re the dates for mineral resource updates.
Interesting that historically NCM produced annual “Mineral Resources and Ore Reserves” reports as at 31st December and issued around the end of 2nd week in the following February.
The change was to bring it forward with an update as at end June 2022 which was issued 19th August 2022.
The key event since last reserve update to my mind was the acquisition of Pretium Resources (Brucejack).
The RNS confirming completion was issued 9th March 2022.
From that RNS;
Page 4 para 2;
“The current Brucejack Mineral Resources and Mineral Reserves are qualifying foreign estimates (NI 43-101).
Newcrest will be undertaking a verification program of work in the coming months.”
Also page 4, a table of the key milestones includes;
“• FY23 guidance 19th August 2022
• Udate on uplift road map 19th August 2022”
Also from that RNS on page 8 of 8. Endnote 6 ; “Note that FY22 production for Brucejack represents proforma gold production as if the transaction was completed on 1 July 2021.”
To my mind the June update was to comply with TSX reporting requirements and also the 3 year period in this paragraph taken from the same RNS re Brucejack;
“In accordance with AS Listing Rule 5.12.2 to 5. 12.7, Competent Person Ms Jillian Terry FAusIMM, Head of Mineral Resource Management is a full time employee of Newcrest Mining Limited and confirms that the information presented is an accurate representation of available technical and scientific data and studies in the Technical Report dated 9 March 2020, and filed by Pretivm on SEDAR (www.sedar.com). Further work will be undertaken by Newcrest within three years as required in evaluation of the Mineral Resources and Mineral Reserves to report them in accordance with the JORC Code.”
In summary, my theory is the historically annual report was pulled forward to cover reporting requirements post Brucejack acquisition and that then becomes the reset date for annual reporting. Annual reporting is the historic norm, “had year reporting “ never existed - it happened once for a specific reason.
Agreed Panama.
Rarely visit here now and it is rather sad to see a once vibrant and active board reduced to this.
Higher volume posting days usually indicate an upturn in FUD and squabbling.
All the threads re official news and intel such as sat images/job ads/interviews/articles etc pulled together on both TG group and the GGPHelp forum.
Pretty balanced discussion in both groups and posters are held to a standard that requires posts/claims/claims to be backed with facts.
IMO
All
My sense is this platform remains infested and the only thing to have changed if the volume of trolls and indeed the volume of posts overall.
The latter drop in no small part as a consequence of the mass migration to another platform well documented on here where the discussion is moderated and balanced.
Don’t waste time on aggressive FUDsters and the subtle board cloggers which restate views constantly.
Yes Culpepper.
You post your views.
Others have posted Shaun Day’s statements.
And there’s the rub.
Yes Culpepper.
You posts your views.
Others have posted Shaun Day’s statements.
And there’s the rub.
As Culpepper says Dip.
Let him approach this his way.
You on the other hand keep sticking to the facts.
Facts are such a darned nuisance when seeking to sow doubts.
Back to knitting fog it is then…..”they may say…” etc etc etc
When you don’t have facts, turn to factoids.
When you run out of factoids, turn to guesstimates.
When you run out of guesstimates, just turn to fiction and make up scenarios…..