Member Info for markjphennesseyg

Thanks to a comment by Spymaster, I thought I’d revisit some old early stage Ernest Giles exploration RNS from before we were rudely interrupted by Havieron. The extract below is from an RNS dated 27/9/2018. Nothing wrong with a bit of nostalgia.

“Two large zones of mineralisation were identified; Western 6km x 1.5km and Eastern 2km x 1.5km. Additional 1m sampling of several intercepts was undertaken to confirm preliminary results and better define mineralisation with many significant gold results returned up to 2g/t. Results confirmed mineralisation is present over a large area at Meadows and suggest that Greatland has discovered a new gold province in this largely unexplored region.”

The stock must be globally-listed on an exchange

The company must have a market capitalization of greater than $750 million

The average daily traded volume must be greater than 50,000 shares

And the average daily traded volume must exceed $1 million per day

From what I have read the above seems to be part of the criteria for inclusion into the GDX other than possibly the definition of “miner”?

I have previously wondered if there was any average trading volume restriction for the ASX listing.I haven’t seen anything about this so not sure on this one.

But anyway, I try not to get involved in the “shorter” side of things, but when the time comes for a possible entry into GDX every cloud may have a silver? lining. Just a thought.

GLA

My GGP shares from Starvest just turned up in my ii accounts.

Not far at all now compared to how far we have come.

Definitely on the final countdown. Approximately 80 vertical metres to go, not far now.

GLA

“There is approximately 80 vertical metres of development remaining before the decline reaches the base of the Permian cover and top of the Havieron orebody”

Thanks once again to Stuart for flagging it up, hopefully 😀 you don’t mind me using it. Some by now may have already watched it. If not, I think you’ll enjoy, I did.

Not specifically GGP but it might as well be.

https://twitter.com/hinds_stuart/status/1748473443316572302

Sorry should have put this link in my last post for info for anyone who may be interested and not already seen. Gives some idea and tips of what makes a good application.

http://www.dmp.wa.gov.au/Geological-Survey/EIS-Government-co-funded-1433.aspx

Looks like GGP are applying for Canning next.

GLA

In a similar vein and with the same caveats as TT’s comments.

I assume that when the Australian government gives out the grants for drilling, which In this case Ernest Giles successfully applied for, first they have to have a lot of confidence in the company applying but they also must do a certain amount of their own due diligence on the drilling target and have a good belief there is a reasonable amount of merit in the application.I believe if I remember correctly there is a lot of competition for the grants, which is understandable.

Anyway got to go out now in the wind and the rain,can’t put it off any longer, I’m getting the border collie mind control stare.

Yes TT and thanks to Dips notes from the Sunday Roast interview.

“- so in the short term we have the Ernest Giles drilling which should come out in this March quarter, really excited about that, it's taken us a number of years to get on there and we're keen to get those results back and likely do some further drilling in calendar 2024’.

I’d love it if the next time someone mithers SD with a question about this, he gives that response.😂 probably why I’d never get a job in PR

I’m no expert either but I would have thought at least a few days. I imagine first they get distributed to the (where applicable) nominee accounts and then each broker nominee account has to then allocate them in proportion to the appropriate ex SVE shareholder.

Mining facilities owned by any company in any location all always need ongoing maintenance. Preventative and reactive.It’s all part of the business.

Agreed TT.

The only thing that will move quicker than the SP will be Berenberg trying to increase their target price.

Just like that.

One thing we’ve got on our side now is not only do we want to know what is happening with Havieron/Telfer so will Newmont shareholders (large institutions) and Newmont analysts. Appreciate that some will say Havieron/Telfer is only one part of a large company but much has been made of Newmont’s intentions post the Newcrest takeover and questions will be asked by others who may have slightly more sway.

GLA

Plus I’m sure Wyloo would like to come to an arrangement on any Nickel we might just find along the way.

Well the Wyloo CEO who has obvious links to our board says “Havieron is an outstanding orebody that we are keen to see developed to its full potential, and we see tremendous exploration potential in the Paterson range as an emerging mineral belt.”

It’s too late I already have.

I’ll be asking for it back though if we’re stuck at 7p!😁

There’s no getting away from the fact that,

If Telfer mill ain’t profitably turning

Telfer ain’t earning

Telfer’s all revved up with no more ore to go

Newmont can optimise all right, but that ain’t getting us nowhere

And all I can do is keep on telling you

Telfer needs Havieron

It wants Havieron

There ain’t no way they’re never gonna mine Havieron

Now don’t be sad

‘Cause 2 or 3 Mtpa ain’t bad

You can always tell when the weather’s been bad and I’ve been stuck inside.😀

Obviously at some point Newcrest believed it was possible that the Havieron feasibility study could be completed in December 2022. At some point in time they must have thought this achieveable.

I like to simplify things.As far as I recall the reasons given for the feasibility study not being delivered are:

1.Newcrest takeover by Newmont. Fair enough.

2. Ongoing optimisation. Fair enough.

3. Data collection involving geotechnical and hydrogeological matters.Fair enough.

So, reason 1. is now complete, reason 3. it became apparent that this related amongst other things to the lower aquifer and this is now in hand.

That leaves reason 2. and there surely must come a point where perfection must not be allowed to get in the way of progress.

Good luck everyone.