Member Info for miker444

Hi Matt, joking apart it could well be that we are included on Newmonts planned works for their next years projects, it did sound as though by the time the decision was made they had committed to known projects ( hence not at this time ) and were happy with 'new found resources' ( think they overtook Barrick this year, on resource totals ) If we can prove up some drilling figures of commercially viable g/t we could be in at the start of their annual search, who knows.

GH stated I believe an answer to a question when can we expect the Ernest Giles drilling to start and he said the drilling crews were busy and most booked in advance but before end of Q2 so personally don't think it will be the lab work which will hold this up but you are correct none of us know and we are guessing, hopefully sooner than 4 weeks ( in respect to Havieron ).

which is why we are asking about when drill results are due which could be the substantial news if they come back in commercial grades and volume and attract a buyer / jv etc. They must due be pretty soon imo.

The 2 results that were due soonest was the mmi results and Havieron drilling which started Aril 18th so we should now expect Havieron drill results. Could be next week hopefully as probable drilling finished, usually takes 2 - 3 weeks for physical work so I expect they will now be in the process (or very soon) of analysing the findings. atb

GH did say in the brr podcast that it was n area no one had previously looked at, NM did find the new anomaly 1 km north of where GGP where looking last year but this find is totally new. NM wont beg to come back but they may well be interested along with others hopefully.

We are an oiler or hoping to be so with oil looking to push $80 soon it makes the same company more attractive even at the same producing level, look at Shell / BP share prices. No better time than to get deals done.

stand corrected Chrish, still don't like mm's though lol

You could ask her on behalf of all ex Glenwick ( Gwik ) shareholders how we all got shafted after so much promise with Cora Gold.

Big spread again nearly 16% as of this morning, until news mm's making a killing on that alone and will play this up and down irrespective of volume, probably do it at least twice a day. News will sort that out, hopefully not too long. atb

Lookingatg, good post, I used the $100 as an example for MarCap versus shares in issue as it was a round figure. I have seen the charts of the red dots of what price an oz has commanded historically and in general you are correct, the vast majority pepper it almost solid red in the range $25 - $50. A few are lower and even fewer higher although I have seen I think one nearer to $150 paid. It would rely on many factors, current gold price, higher the better obviously, and depth of mining needed where surface visible gold / chippings again would command a higher price due to ease of extraction. So agree with you totally in essence but don't think we are going to get any more on MMI finer detail / figures. Hope I am wrong but I am loosely now believing and changing my initial opinion to others in that I have a gut feeling Newmont could well be back and GH might be holding a trump card but not letting anyone see it until he is ready to show his hand at a time of his choosing.

Hi mate I didn't explain clearly, what you say is correct, but my point was if a deal came off and lets say it made the company valued at (for arguments sake) $100m ( eg we got $100 per oz for 1m oz's ) then the mm's would not be able to manipulate it at will and the sp would re-rate accordingly as do the oil companies with bopd secured at the going rate. Slightly different spin but the end result would be similar. I am expecting more than 1m oz by the way. Main factor here is the rns is pretty solid in what Newmont had reported. atb

As good as MMI results are, exceeding expectatons, the market makers will want something concrete to move the sp significantly so personally I am not troubled by mm's response to rns, this is all too common a scenario on AIM. What the mm's will not be able to 'manipulate' is the revised MarCap if GGP sell off a license, get a JV or even secure a JORC which leads to a deal. Then quite simply the sp will be shares in issue divided by MarCap. The most basic of calculations but the one which sp is governed by and to put in to perspective just 3m oz find at $50 gives us 5p, at $100 then it is 10p and right now I would not bet against that amount being found in just Meadows let alone the rest of EG. The poster who said we are not even drilling yet I assume is referring to EG as we have been drilling at Havieron since April 18th and I suspect news is due from that very soon. atb

Hi guys still holding nearly 300,000 and not sold one, just busy on other shares at moment, keep the faith, just a question what will come first for me, 30th round or funding. atb

Hi royoboy, still holding mate not sold a single one, think 30th round could be the key before funding but either way it will fly on news imo. atb

Northern Star have just completed the all time record for deepest gold drill ( March 2018 ) in Australia at 3000 metres, it took just over 2 months. If Haverion is 650 metres per hole then you could say 2 - 3 weeks in comparison. The question is ith the 30 holes planned at EG how many drills will be going on at the same time, surely GH willwant to complete all holes during 'Aussie Winter' months ( our April - Sep ).Mobile drill 'rigs' can be done from the back of a flat bed truck so a few could be going on simultaneously, shame we do not get to ask GH questions direct.

The price at which we can command per oz of gold is determined by the cost of extraction and obviously as in FireTower if it is near or at surface level then $100 could be achievable. If it is very deep then nearer $30. The good news is it would appear Meadows is 100m - 200m which is classed as shallow as is anything up to 400m so again a higher oz value could be negotiated in principle. With gold approaching $1400 per oz and extraction costs averaging $800 there is approx. $600 per oz profit to play with. All generalised but ease of extraction is the clue.

As per my previous posts these ppb's are referring to molecules ( ions ) and cannot be gauged against g/t. Some figures are common at 0.001ppb and we have had figures of 1.4pb which is one thousand times bigger. The point is GH has stated exceeded expectations and he will know that these are good.

jptop, anything is possible and the super pit at Kalgoorlie is practically the same size and width 5km x 1.5km as the EG anomaly. Kalgoorlie averages between 1.5 g/t - 2 g/t overall. We now have another anomaly ( new ) almost as big, is it beyond the realms of possibility we could have something similar. For all thos seeing this as a ramp, someone discovered Kalgoorlie from the beginning, as did Tropicana etc.

3 weeks in, anyone any experience how long, in general, a 650 meter drill hole takes. Also I am wondering if the drill 'cuttings' are brought to surface in sections rather than one long section. I have seen photos of Callum and Gervaise with samples on a table where they are laid out in 5 metere lenths or so, it is possible they have an idea already of some of the samples.

That is correct Caveman but initially it was always stated as 24 holes in total but happy to stand corrected if that is what it relates to, it was 24 total and a further 4 at Havieron but so long as they are successful not a problem. It does appear Meadows is the Jewel in the crown out of the 3. atb