Member Info for Lenz

The PFS is based on the initial
MRE figures .. it may be slightly more but I doubt it. There will be an updated MRE in December and with the grades and amount of drilling they have done .. I am hoping for something around 9moz including copper equivalent

Freddie, all of those you quote will not be even thought about in a years time, they were in all probability short term holders . The fundamentals have only got better since the first MRE and that was nearly a year ago, fyi I bought another load yesterday even though I said I wouldn't, but it is bargain basement prices , and yes I bought some in the 20's and 30's but I still think those will be profitable ! My Average is low single figures !

Freddie . You should know better, most of us post factual info it's up to you or whoever to interpret that however you see fit . The facts are all out there with the drill results and who we have a jv with. All those on their own tells me this does not need to be pumped, as you put it !

One more to add to that Hydro, as Hav is more than likely to be 20moz + at the end of the day, GGP will have as a minimum 5moz . That with what the AISC will be is a tier 1 mine on its own. Take a minute to think about that. !

Hydro .. you are to long in the tooth I think to let jealous losers get to you, thanks for all of your input .. appreciated .

I am sure I saw an alien spaceship this morning .. that's as good an excuse for them to drop the price as any !

Will people please stop replying to allonred .. that's exactly what he wants .. he has no idea at all about mining costs or how much GGP will make per year on Hav. He is a slavering wannabe, just ignore him and he will go away !

Bamps, the person crucifying hydro, has not produced evidence to back up his claims, despite 2 attempts asking him .. as far as I am concerned that says it all.

I am continually amazed at the amount of information posted on here. The majority of it beneficial to all of us shareholders, so I just want to say a big thanks to all of those posters, ( you know who you are ) for the time and effort you put in to providing this information . Thx

Thx hydro.

Ignore that Paddy, just read thelearners post which details how it was found .. apologies.

Paddy, that being the case, what made them drill there ? Just a question not doubting your info, just interested thx

PaddyGall
Posts: 4,880
Price: 17.30
No Opinion
RE: RNSToday 15:22
Agreed Bamps, there was no sulphides and no gravity or magnetic response at Telfer but guess what, they found plenty gold & copper there.

Burleigh . Thx for that detailed reply,

"contract drillers are sloppy - apparently losing 20% of the results because they don't really care what they're doing."

I am sure NCM nor GGP would put up with that standard of work .. nor would the drillers employers I would imagine. But interesting comments on the co. ( whoever they are ) They do seem a bit weak if that's the right word, and if that's the case I can't see them lasting long.

Burleigh re labs and drills. Can't see GGP doing that they would just bring in contract units on site like NCM do, if it was financially better then they would all have their own, but obviously it isn't.

Burleigh show us how you come to that conclusion . Fair value ???

Mushroom, I tend to think it may be financially the best way to go for the next few years unless things change dramatically and GGP find 3 or 4 more Havierons ;-))

Burleigh, own drill and lab facilities .. don't think so even Newcrest don't do that, hmmm I wonder why eh!

Burleigh . I have had him green binned for months !

Burleigh .. I think it takes a lot for bamps to lose it, but this idiot deserves all he gets !

Mushroom, I am off the mind that they will stick to JV's with NCM which will reduce costs and still give massive returns ( if they find another commercial ore body) but maybe on better terms. Just my thoughts as they seem to have a great relationship, also if there are a few more finds then it's possible Telfer may have to add another Train, cheaper than GGP building their own processing plant, whilst also keeping employee numbers down. IMHO