Member Info for Morningsun

And I should have written 'through the next roof' as HAV alone will do that too.

Ah, OK thanks

I think you are well out with the 24 months Jones.
Before the end of this year we will have the MRE for HAV. I'll be surprised if it actually takes that long.
Also during this year we will have a reasonable understanding of what the other two HAV type targets are like. If there are a couple of drills in these targets that are similar to HAV005 then this will go through the roof and it will not wait for further drills.
MS

Castaway, are you not assuming now that the funds from atlas can be used to keep the lights on instead of only for getting BP operational? Not uncommon for lenders to not allow administrative cost from their funds. Or has it been stated that vast is free to chose what they will do with the cash?
Thanks

Itsagame, where do you see who is on the bid and or ask?
Thanks

That is indeed exactly what these steep drops are for lebuge.

Fantasy, that is one way of seeing it.
Another one is that After all the criticism in previous fundings and placings that AP his 20% was never included, I think there was no way that Atlas was going to fund anything if all was not included and made at stake, including the BoD shares and AP group stake of 20%. I think it is that simple. So I don't see this as a confidence move by the BoD. I'm quite sure they had no choice.

Good to see the funding happening finally though. Now let's see if they can make it all work.

MS

On the other hand Viking, I didn't see anyone complaining when the SP kept rising even though the sells outweighed the buys by many tens of millions.
This is of course only important for daytradwrs. It's the long game that counts. And that is not affected by these swings and games.
MS

Page is suspended now Jayfella.

Well earthling, if indeed Hav is 20 mln Oz+ as Reddirt seems to indicate and we have 2 more prospects like this (indeed still to be proven by any drill) than the SP could be going very much in that direction.
We just need to hold on to GGP.
MS

JS, that is why I deliberately used 1g/t. Don't want to get ahead of myself but then I see Reddirt respond with 20mln Oz+ which makes me think it will be more. Even Salpetie used a deeper cylinder in his calcs on assist to PG a couple of weeks ago. He went as bold as 1000m depth and radius of I believe 400M...
MS

JS, in anticipation of PG's response here is what I posted last night.
*******
Drilling continues to expand the extent of the mineralisation and demonstrates continuity of mineralisation over 450m of strike, up to 150m wide, and in excess of 600m in vertical extent. A zone of higher grade mineralisation has been defined within the broader mineralised envelope.

So, not cylindrical but more rectangular. The shown width of 150 m really doesn't tell the whole story as hole 23 sits another 200m!! further north. Given the same depth it now looks like 450m length (open), 350m width (open) and 600m depth (open).

At an average of 1g/t that rectangular block means 6.7 mln Oz. Open to the North, West and depth. You do the remaining math.

Happy days

MS
******

It will deepen and extend from here.

Seems from what I can see is that most of the trades are smaller ones as in PI making a small profit. Can't go back further than one page but that is certainly what it seems.
MS

Well, with that in mind I will do exactly that. Sit back, reread the report and have another look at PG's great model.
I've done my own calcs and happy to sit back now and let it develop.
MS

may JS but if I look at figure 1 it seems clear to me that HAD023 shows that it is open to the North in full. Maybe you're right and it's north west. Open it is, and at depth!
MS

Drilling continues to expand the extent of the mineralisation and demonstrates continuity of mineralisation over 450m of strike, up to 150m wide, and in excess of 600m in vertical extent. A zone of higher grade mineralisation has been defined within the broader mineralised envelope.

So, not cylindrical but more rectangular. The shown width of 150 m really doesn't tell the whole story as hole 23 sits another 200m!! further north. Given the same depth it now looks like 450m length (open), 350m width (open) and 600m depth (open).

At an average of 1g/t that rectangular block means 6.7 mln Oz. Open to the North, West and depth. You do the remaining math.

Happy days

MS

Have a look at table 1 and digest the very large layers of good grade gold. Don't get blinded by the massive grades over smaller widths. The good grade large widths are our mine! This is massive!
MS

Remember what was said on here about HAD040... Not so strange now if you see these grades.
Not reported yet though yet.

I thought it was 3%TomE and by the rate you're going you'll be close!

TomE, you must be getting close to having to notify the market about your holding here aren't you?
MS