Member Info for miker444

That's a more chilled response, but please note your posts have been removed by Admin so presumably they have deemed them inappropriate. Just be a bit more calmer in future, no need to goad someone or get confrontational.

I would be interested as to your views on the 650m tonnes of potential gold bearing rock and how much gold you think in total it holds because as I say even just 1 g/t will give 20m oz's.

650m tonnes of rock mineraliastion as stated in RNS witha further 40m tonnes close by. Considering that some grades are 139 g/t and others 30+ g/t then assuming a very low average of just 1 g/t then there is a potential 650m grammes of gold. ( Probably much more )

32 grammes in an oz which would give over 20m oz's, in Havieron alone. So if that does happen then I think 4p will be blown away, to reiterate I have used the RNS info on Havieron.

People's opinions are just that, Apple gave reasons as to why he thought the sp could be that but this is a chat forum and if what people think does not come off then so be it, it is just that a prediction.

Your reply is aggessive and confrontational but then it was not long ago you posted several times that GH is a conman and got suspended for a few days. You need to reign in the aggression.

Since that RNS Gervaise Hedde has stated at least 3 times on all the podcasts and Proactive Interviews that we are fully funded until Summer of 2019 at least, but hey all those concerned quickly sell now before Black Hills news drops or Ernest Giles news or FireTower news, don't wait for a JV or 1 of our licenses to be bought out.
Sell today because we might get a placing for Summer of next year, it's a no brainer get out now!
PMSL.

Have to say that 1m oz target could be a very low estimate, not a ramp but if you look at the grades and we are talking surface or near surface which includes 14.9 g/t / 21.38 g/t and 31 g/t and then take into account if it does extend to over 4km strike i think 1m oz will be blown away.

Ease of extraction and minimal costs due to being at surface should also command nearer $90 oz - $100 an oz than the at depth expected $40 - $50.

And that's just 1 project. atb

Click on GGP Director deals on this page and you will see GH has 4.25m holding

Not good I am afraid and looks like they wanted to warn PI's prior to the results due. To think this floated on AIM several years ago at 0.1p and is 40% down on that, pretty poor to say the least.

Hi Silverlight, 4p with JV or Partner, and the rest mate, Rio Tinto MarCap £77 Bn so a £300m JV with GGP which would be lose change for them ( atually 1/256th of their value ) and that would give us 10p sp.

£300m really would be loose change less than one two hundred and fiftieth of their MarCap. Puts it into perspective for me if I picture a bag of 250 1p pieces and then have to give just 1 away for a decent gold and copper find in the region I am already set up in, plant equipment, roads, infrastructure etc. Of course I would also know I would get that 1p back mant times over.

atb mate

Important to remember we are an exploration Company not a mining Comapny so correct we are not producing anything at the moment. Thats what exploration companies do, they prove up or not as the case may be and then hopefully with a JORC JV / Sell to interested parties.

I genuinely believe FireTower will be sold off sooner rather than later and this will fund all other licenses for years to come.

Exploration Company not a Mining Company.

No need to prop up the sp we have other news due soon, to keep mentioning Rio Tinto suggests something more, almost as though he is running it by people before news lands, anyway we can all agree to disagree we will soon find out one way or another.

The copper grades may well be as much an interest to Rio Tnto as thegold, in % terms 0.44% and 2% is very high for copper and easily high enogh or commerciality.

Just for te record the Kalgoorlie Super Pit averages 1.4 g/t gold, that's it, if you have enouh of astrikearea then that g/t is commercial. GGP blow these figures out of the water and the frther 10 holes to be drilled ( in what is only 2 months time ) will give better data as to the direction of the strike of the high grade results.

GH has mentioned Rio Tinto several times now, knowng how guarded he normally is as others have stated he may well have had some talks already, not necessarily 'deal talks' but early introductions. Afterall, this time last year irrespective of the outcome he did the very same with Newmont.

This RNS has only hd the initial effect of dropping sp puely because everyone wanted 139 g/t at al the holes, that was unlikely to happen, 3.78 g/t is commercial.

Staying put because if there is just a whiff of talks with a major this will take off, simple but fair play to day traders if they can make money doing that, braver than me and quite skilled at geting the timing right.

atb

in the ground will be determined on quite a few factors but the obvious one is how easy is it to extract with regards to the costs of extraction.

If you have gold at the surface or near surface an 'open cast' mining operation will command a higher price and wtih gold at $1350 oz or so then I would expect to see $90+ paid. This bodes well for Black Hills where as we all know nuggets were picked up off of the ground.

For deeper mining then the $ per oz will coe in lower, however yet again if you have grades coming in 60 g/t, 90 g/t & 139g/t as at Havieron then the rewards are higher du to sheer volume of gold being measured in oz's per tonne.

Proximity to existing infrastructure i.e roads / railways and Plant & Equipment will also have a bearing but the good news is we are close to Rio Tinto, Antipa and Newcrest so should not be a problem.

This is where Gervaise and Callum will have their salesman's hat on as and when they get into sdiscussions / negotiations with possible suitors. Either way a god find in double figures ( 10m oz + ) will put sp well above 10p even at $35 an oz.

What news will this week bring, HAD002 a definite possibility.

atb

Whilst 14p may sound like dream land it wold actually mean a MarCap of £420m. With all the recent high grade data of g/t and the 6 licenses, some of which could are even big enough to be
split up then that MarCap is actually not that high if a JV with a major goes ahead or even a sell off of just 1 license.

It could actually be quite conservative if as each license news comes in and the sp goes up on each one. Not there yet but in a better position now than before Newmonts first refusal imo.

be watching, hedoes read these boards, and probably looking at the best timing for next RNS hich should be HAD002. may well be Monday so either get in next 15 mins or may miss out, might be Tues or Weds but am not taking that risk.

Good weekend everyone.

I think the 2nd hole HAD002 will see us push past that. anyway haven't you got enough already!

atb

If LSE could sort out this sites correct reporting of todays sp. Surely they must be aware and seeing as some are paying for the service it is pretty poor.

Agreed mickey, also as this site is still showing Wed close of day sp 1.91 we are actually only down 2% - 3% today, the bove % includes yesterdays as well so just drifting slightly before next RNS which will probably fall next week.

atb

Guys that was my point, it was a positive post in that the 2nd hole may be better than the 1st, irrespective of how deep the historic holes went the historic hole nearest HAD 02 gave better results than the historic nearest HAD01 hence my post stating we may even see better grades.

atb

Prospector, good point and if you look at the historic holes that were drilled nearby the results nearest to our drill 1 and 2 came in at the best i.e historic drill nearest to HAD 01 was max 14.7 g/t and historic drill nearest HAD 02 was 15.4 g/t.
My point is we may see HAD002 drill results slightly better or equal to HAD001 if that is possible, and yes all drills within 100metres or so of each other so looks like they have hit the sweet spot.

atb

Hi MattyB its actually better than that mate as we would only need 6.1m oz's @ $49 to get a MarCap of $300m. It is very do able if the figures from the other 3 drills are in the region o the1st drill. They would not need to be as high but just to come in averaging a commercially viable grade.