Member Info for mercedesman

80,000m has been scheduled to commence in July, this is what is required to do the amount of infill drilling to get to an acceptable understanding of the deposit to produce an MRE

This will likely take until Sept-Oct 2020

Capex will then be required by BOTH parties as per RNS because to get to FS its going to cost a lot more than $20m (probably $100-150m) giving a bill of around $30-$45m

Sure GH could raise this but I think at this point (and with scally in full swing) he’s going to take a big fat cheque for the 30%

We’ll not be getting to stage 4, Havieron is history by Xmas, And im ok with that, get $800m for our share of HAV and move on.

All the clues are there

“Decline” - a ruddy great tunnel leading from the surface down to a lower level (prob 400m) from which Newcrest can do clustered infill drilling (costing less due to no overburden) and eventually forming part of the mine exit.

Just google Telfer drill results and go to images, you will see “main dome” “second dome”

Could explain the SW drilling activity if its not for the decline.

If it is a 2nd dome, you are looking at 20-30m oz for sure

If Newcrest put up $460m US dollars for 2.5m oz...

“Lundin’s offtake agreement allows Newcrest to acquire 50 per cent of refined gold production from Fruta del Norte up to 2.5 million ounces.“

($184 per oz)

Does that then mean if Havieron is a 20m oz Deposit (giving us 6m oz for our 30%) that we could expect an offer in the region of $1.1bn for it?

Thats about £875 million if my conversion is correct.

3x current Mcap, not including our other assets. Or 24p per share.

No one cares about predictions for tomorrow. The serious investors are looking at the projections for the next 6 months, not the next 6hrs!

Everyone remember that feeling last night at 11.15, when Newcrest suspended trading pending an announcement regarding an acquisition.

My heart raced, cold sweat dripped down my face, a mixture of pure panic and excitement as I calculated what $1bn, and subsequently $2.4bn buyout would do to my ISA. It felt like i had a winning lottery ticket.

Thats coming, like, actually coming, for real, within a year.

Imagine missing it.

Wolfie, another brand new account trying his best to buy in cheap.

Newcomers beware, most of these posters are market makers trying to get you to sell before they give your shares to their clients on the cheap.

Look at the 5 year chart for GGP - Its the only research you need to do.

I’ll take my investment advice from someone who hasn’t just rocked up today like the merry band of clowns in the last hr (prob the same person) who’s been here a long time and knows what they are talking about, who’s actually done the research? Who can i trust?

Oh... me!

I’ll be taking a break for a few days so i dont have to listen to the dribble, still holding over 1.7m shares, see you all next Wednesday to discuss the investor presentation, hope we get some Scally news!

Just look at his post history, find his most treasured investment, and then 300 of us can pop over there and just s**t all over that BB all day tomorrow, shall we?

Naaah, we’ve got better things to do, like counting our 10 bags here.

Ta-ra

whats happening monday?

its normally the exact opposite kempy

I'm amazed and astounded at the short sightedness and downright stupidity of the so called "investors" is it not evedently clear that NCM who were already fast-tracking Haqvieron have just gone into absolute overdrive!

80,000m more drilling to commence in July, massive swathes of infill drilling and step out drilling (mentioned in the NW) funny that, we haven't got the NW results back and they state that they need to dril more up there........hmmmmm!

Its clear as mud that budget has gone out the window and they want to get to MRE A.S.A.P,. why's that? Because at that stage they can make a "fair offer" for the lot.

My expectation is June results will be huge, with the NW and SW results, and MRE will come Aug sept, complete Havieron offtake for 20-30p

and in the meantime we have Scallway kicking off, so it could be a Co. buyout

If you cant wait wait such a short while for that, you shouldnt be investing!

So do we now think the SW pads x11 are for the decline? or still more mineralisation?

Here comes the blue

Caqnt even get a quote to buy £100

CNGR, 1 meter at 0.4 g/t goes up 35%

couldnt make it up lolol

that was the sell off, now, onto the next phase without the weeners!

i can see 11p today or tomorrow, look at the chart from Jan that investor X posted on twitter, 1 day sell off then boomage.

30 buys in a split second, Naughty! haha

Watch the 10%ers go and this is going to rocket, you'll be havin mine for 25p!