Member Info for magictrades

Ah yes the US elections, I never thought about that. As for Scally, I may look at doing something if we get a good update with some contributions from some others

To answer your post title - No

Firstly, the wider market has had a nightmare today. So has the gold price. For some reason, today everybody is panicking across the markets. Maybe a fear of another lockdown? I dunno. However, what I do know and what you will know if you have been researching properly is we have a fantastic Au-Cu project at Havieron. The fundamentals are great and we're in an industry that should fear truly enter the market, the gold price will rise because its always a safe haven. Obviously if you are scared about the wider market and feel as if that will deter the share from performing, then maybe a sell could be on the cards. If however you believe in this investment and are happy to ride out the bumps along the way, then you might want to consider holding. I can't tell you what to do and only you know what is best for your own risk etc etc.

Personally, and i've seen this in a ggp investors fb group too often, I think there are a lot of people late to the party here and have invested through fomo. Some haven't researched anything, probably don't even know what Havieron is. When the price even remotely moves south, these "investors" s**t themselves. There are lots of these in the wider market atm and the huge sell off today across the market is probably caused by many panic selling their shares. They are what we call in the industry errr bottlers. Please please please, do not fall into this category. Take some time, think about the investment and your goals and make your decision. Good luck either way :)

damn if i wasn't phd'ing i'd be all over applying for exploration jobs at Havieron. Welcome JungleJane btw, great to have an experienced exploration Geo on board

The arsenic anomaly is a key point as you and goldworm have pointed out. My guess is there's arsenopyrite in the rocks. I like your reference to the granites and the distance. I think that's a plausible explanation for a potential difference in metal tenor. One other plausibility could be a slightly different granite source at depth but given the proximity of SWAG to Hav i'd say it's likely the same granite source. I made a post in another thread of yours stating different redox chemistry might play a factor. I know for instance pyrite forms more under reducing conditions and Au like you said can become locked up in Pyrite which is where I think alot of the gold is occurring at Havieron. Hence if there's less pyrite at SWAG, that might indicate a more oxidizing fluid which mobilizes copper very well. Less Pyrite would = less gold which could explain why there's a reduced response in the MMI sampling. Just some thoughts

Yeah i'm sure i've missed a bunch of conversations i'd like to have got involved in, always love geo chats. All eyes on Scally for me now. If they do release an update, I want a nice section describing the core and any structural observations.

Hey everyone. Just a quick message to say i'm still alive and actively monitoring the price etc. Just hella busy with stuff in the real world. Looking forward to any updates next week, i've no doubt i've been missing a bunch of good discussions on here.

I just think it's panic selling at this point and the MM's are loving it (even though the buy volume is > sell volume). I think we've had a lot of weak hands involved in the share recently and without mincing my words I think they're bottling it big time

Honestly Tom, nobody likes to see it and I would certainly wish the retracement isn't as much as it has been this week but when you consider the meteoric rise this share has had in the past 3 months, losing 2 weeks of gains isn't the end of the world.

So safe to say today and in general this week has not been a good one for the share price. In fact it's been kind of carnage and quite frankly s**t. Looking at a drop of circa 33% from the 27p spike, you'd assume from the outside looking in something has gone wrong. Some example might be:
1. Awful drill results
2. Institutional selling
3. BOD's selling
4. Callum Baxter or Gervaise Heddle resigning or in some difficulty
5. Newcrest Pulling out the JV
6. A placing/dilution

So I go to look at the RNS feed....nothing. I look at the volume to see if sells outweigh buys or if there is a spike in volume. There isn't. So it begs the question what has caused this price drop? I have a few answers.
1. Spot gold has dropped quite a bit and is bearish down to $1860/oz-$1850/oz range
2. Fear has entered the market due to the pandemic and 2nd lockdown
3. Profit taking
4. MM manipulation to gain liquidity
5. Retail investors, especially new ones, selling due to the above

I made a my thoughts post recently covering the investment case we have at GGP for newer investors and to bring some calm. No doubt it's been swallowed up now but the fundamentals of the company haven't changed. Drill results will still be coming. We got Scallywag news due very shortly. We got the MRE due in the latter half of this year. Newcrest continues the JV and is spending the money. We're in two junior mining ETF's who own a significant quantity of shares. Share prices cannot keep going up in a straight line, they must retrace and find support. This time the retracement is deeper due to some additional market factors.

If you are an investor and have done proper due diligence, this will be an inconvenience but not a reason to sell. If you have not done due diligence, you'll be looking at this share price drop, wetting yourself wondering why you bought. It's time to do some homework. There is an abundance of information out there. If when you have finished you don't like what you see and don't have confidence, by all means sell and cut your losses. However i'm pretty confident that won't be the case.

Kind of a mini rant this but getting sick and tired of seeing posts here and over on the GGP investors group on FB with constant worry and no reasoning

Magic

I completely agree AIM, I ran out of characters as you can see by my sign off haha. Vale done so much of the work already and I cannot believe they let this project go to be honest and you are right, the entire Vermelho resource is in the reserves a whopping 141.3Mt. Once this funding goes through and we get an update regarding that, the risk goes down and the market will surely have to value this higher as a result. I've skimmed through the technical reports and it's clear there has been a lot of groundwork already put in. We just need the money haha

Ok i'll do an introduction post here and maybe add to the picture if I find anything later on.

So first things first Horizonte own two 100% Nickel projects near the Carajas mineral province in Brazil; Araguaia and Vermelho. Araguaia is a ferronickel project and has reserves of 27.29Mt at 1.69% Ni whilst Vermelho is a nickel-cobalt project with reserves at 141.3Mt at 0.91% Ni (all taken from HZM website). Araguaia is located just south of the Carajas whilst Vermelho is located within the Carajas province. HZM have already completed pre-feasibility studies for both projects which will be open pit mined. So they are further along the exploration chain than other junior's out there including GGP which I and some others here are investors of. Open pit mining is significantly cheaper than underground and as per the horizonte May 2020 presentation are in the lower percentile for Nickel projects globally. So economically this looks attractive

Onto the geology. Vermelho is located in the Carajas Mineral province whilst Araguaia is located in the Araguaia fold belt. The Araguaia fold belt is Neoproterozoic in age and thought to result from collision between two cratons. The Carajas mineral province is very famous among geologists because it hosts exceptional mineralization and a wide variety of deposit types including; Nickel laterites (our stuff), Cu-Au systems (mainly IOCG) and iron deposits. The iron deposits are actually what makes the area famous because it contains one of the largest supplies in the world in the form of banded iron formations but I digress. The Carajas is located in the Amazonian craton, which if you know the geologic column is Archaean in age (approximately 3 billion years old). The Carajas is split into two domains; the Carajas domain in the North and the Rio Maria domain in the south.

I don't have enough space to go into the stratigraphy on this post as it's pretty complicated given the age of these rocks. However luckily for us both deposits rely on the same rock type just at different ages. Both Vermelho and Araguaia are located above what we call mafic-ultramafic intrusions. These are rocks that are very iron and magnesium rich and silicon and aluminium poor. What they also tend to have are increased concentrations of Nickel, Cobalt, Chromium etc based on the processes that form them and their mineral composition. Both deposit types are nickel laterites. These are deposits which form because of a large weathering profile and tend to be located in warm, tropical climates (i.e the amazon). There are three main parts to a laterite profile; the saprolite layer, transitional layer and the limonite layer. Basically extensive weathering of the ultramafic rocks at the bottom over time and enabling a soil/regolith above to become enriched in Nickel. Hence the minerals of interest are normally varieties of clay. These types of deposit are the world's most important supply of Nickel (60%+) and we have two of them.

Thanks
Ma

Honestly no idea but if I was to hazard a guess I'd say based on the way the mining industry historically works it's likely Greatland would be taken over. Usually the big majors hoover up junior companies and maintain their monopoly. The successful junior's seem to end up that way, the unsuccessful ones change name a bunch of times or liquidate

Hi everyone. I'm a little way through the reading on the two areas of interest for Horizonte. Due to time and having to prioritize my own studies, I'm not sure when I will do a video on the area but would like to get one out in the near future. However I'd quite like to share a post on here to those already interested about the geology and mineral system we have in Brazil. I'll post below if you would like?

I think all information should be considered and like Paddy said, love him or loathe him, Mr Lenigas is a name among the investing community. Some of his followers listen very intently to what he says and he has experience despite his association with some poor performing shares. I think he's echoing many of the positive views that others have already posted on twitter and here. If he has indeed been to Telfer, then his comments about the rocks being good for the decline is encouraging as our area is within the same formations.

I think if there is news from Scallywag, I may do a follow up. Even though we've had some updates at Havieron, the geology is the same for me so a new video wouldn't really add much imo

I think this work, alongside some other previous estimates, indicates that 5Moz is now surpassed and we're talking much closer if not over 10Moz based on the info we have. I believe on twitter, valueaimtrader has a table showing at 10Moz with a revised aisc, they believe that equates to a 60p share. I also recall the investment journey has a video illustrating prices north of 30p on those assumptions although I can't remember exactly what he has estimated. Either way it's clear there is more upside to come

Definitely not a shorters video haha

Ah yes Teck would make more sense, thanks Luke2 and Aimtodeath. If you know football, I wondered if Vermelho is like Paul Pogba where Vale are Man Utd who let him go early on only to spend millions buying him back later haha.

Side note - I've been doing some homework on the region. I was considering doing a shorter vid or maybe a summary article on the Carajas mining area where our two projects are based. If that's of interest let me know :)

Cheers all, PhD is moving along slowly, the pandemic has put the brakes on a bit but it is what it is. I won't be a Dr for a few years yet Coach but looking forward to that day. Hope everyone is safe, looks like Mr Johnson is ramping up the measures again. That may cause the markets to go a bit crazy again, but because we're gold we might be a bit shielded from that

Very nice average SJ and you make some valid points about the GGP board, it can be a bit mental sometimes. I'm a little newer here so I read above that some here think a T/O is possible of HZM. My knowledge of Brazil miners is that Vale are among the bigger players. Given Vermelho used to be theirs, is that the prime candidate people are thinking? Just curious